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Topic: What if Bitcoin Mining is a Cover? - page 3. (Read 4060 times)

legendary
Activity: 2786
Merit: 1031
June 15, 2013, 12:29:42 PM
#61
While the idea of some gov/agency involvement in BitCoin is not entirely far-fetched, the code/algorithm itself is fairly simple and doing what it claims. The likelihood of backdoors or non-understood effects is small.

A greater possibility is that the entire bitcoin concept/operation has been created and supported for some generally unknown further purpose.

Actually that is way more far-fetched than believing Hotmail and Gmail were built with the intention of spying on our communications, as those are closed platforms, in open technology there's always someone watching and verifying every line of the code...

And thinking that some shady organization will have a plan like "Hey, lets build a great technology with the power to substitute the entire economic system and unleash it into the wild and lose complete control over it and maybe it will gain enough popularity and maybe some day, some how we will be capable of harnessing its power to do something", that's tin foil hat mentality big time.

There are way more popular and widely used open source software and I don't see the nutjobs making outrageous claims about them, like linux, apache, android, open office, and so on, well we see then making claims, but not as much as with bitcoin technology.
member
Activity: 67
Merit: 10
June 15, 2013, 12:09:32 PM
#60
While the idea of some gov/agency involvement in BitCoin is not entirely far-fetched, the code/algorithm itself is fairly simple and doing what it claims. The likelihood of backdoors or non-understood effects is small.

A greater possibility is that the entire bitcoin concept/operation has been created and supported for some generally unknown further purpose.
newbie
Activity: 8
Merit: 0
June 15, 2013, 10:57:43 AM
#59
your trust is placed in the pool administrator if you aren't running your own.
newbie
Activity: 43
Merit: 0
June 15, 2013, 10:48:10 AM
#58
And what else is it sending from your personal computer?

It's not sending anything from your personal computer. Just check the packets or source code.

However, if I were a large state agency what better way to yield the most powerful hashing network on the planet than create a digital currency out of work produced. I mean, think about how much hashing power the network has and will have in the near future. A single 6990 can brute force passwords in minutes... now multiply that by...

"Solve this block and receive a 25BTC reward!"

Wait, what did I just solve?

Amazing!  Grin well said
sr. member
Activity: 392
Merit: 250
June 15, 2013, 10:42:56 AM
#57
Here is the source code : https://github.com/bitcoin/bitcoin

Read it and comprehend it, then stop posting this conspiracy bullshit,

+rep!!! phantastisch


JUST CHECK SOURCE CODE.
legendary
Activity: 2786
Merit: 1031
June 15, 2013, 10:39:41 AM
#56
Satoshi explained it all in this previously unknown video unearthed by the Lifeboat foundation:

https://www.youtube.com/watch?v=6qSj24_E_lU

A bundle of brightness you've found there, Milly! (LOL)
full member
Activity: 238
Merit: 100
June 15, 2013, 09:58:57 AM
#55
this is bitcointalk.org what did you expect? the mods are retarded, no one can take a joke, no one understands sarcasm and you can't trust a single person, and every thing you say is taken way to seriously. most of the people on this board need to grow a fuckin pair.
Actually, I've been lurking on this site for a while, and I don't think that's exactly true. 

You're right that you can't trust most people; those who can be trusted, e.g. John of escrow fame on the hardware-buy threads, are elevated to the level of saints.  As for most people, BTC is a gold rush, which attracts con men of both long and short persuasions, and greedy idiots for them to prey on.  So, yeah. 
full member
Activity: 238
Merit: 100
June 15, 2013, 09:48:47 AM
#54
I think it's a "monkeys and typewriters" kind of deal.  You know:  the old notion that if you put enough monkeys to work banging away at keyboards, eventually at random they will write the works of Shakespere.

Likewise, if you put enough chips to work running a hash algorithm, eventually you will get a hash code that reads "To be or not to be, that is the question."  Actually, it will only be the letters "A" though "F" found in that quote, because of hexidecimal limitations, but they'll be in order.

DISCLOSURE:  If I continue to post on these forii - and the word isn't in yet on that - all posts should have the tag around it, but for convenience only serious posts will be so marked.  Thank you.
full member
Activity: 159
Merit: 100
June 15, 2013, 09:46:58 AM
#53
THIS ENTIRE THREAD -->
POE'S LAW FTW
hero member
Activity: 686
Merit: 504
always the student, never the master.
June 15, 2013, 09:34:21 AM
#52
WOAH! Guys, this was just meant as a parody thread, I wasn't seriously speculating as such... This was just a dumb idea I had when stoned and reading about prism. I wasn't trying to troll, and I didn't think it would wind up three pages back! I mean... This is the noob thread.

This is hilarious though... you guys are awesome.

this is bitcointalk.org what did you expect? the mods are retarded, no one can take a joke, no one understands sarcasm and you can't trust a single person, and every thing you say is taken way to seriously. most of the people on this board need to grow a fuckin pair.
newbie
Activity: 42
Merit: 0
June 15, 2013, 09:14:58 AM
#51
WOAH! Guys, this was just meant as a parody thread, I wasn't seriously speculating as such... This was just a dumb idea I had when stoned and reading about prism. I wasn't trying to troll, and I didn't think it would wind up three pages back! I mean... This is the noob thread.

This is hilarious though... you guys are awesome.
legendary
Activity: 2786
Merit: 1031
June 15, 2013, 08:41:59 AM
#50
But in the blockchain, there are hidden secret messages

From the illuminati, isn't it?

its the secret illuminati communication network

And the hashing power is used to power the alien brainwashing machines.

newbie
Activity: 32
Merit: 0
June 15, 2013, 06:35:26 AM
#49
But in the blockchain, there are hidden secret messages

From the illuminati, isn't it?

its the secret illuminati communication network

And the hashing power is used to power the alien brainwashing machines.
hero member
Activity: 686
Merit: 504
always the student, never the master.
June 15, 2013, 06:15:00 AM
#48
But in the blockchain, there are hidden secret messages

From the illuminati, isn't it?

its the secret illuminati communication network
newbie
Activity: 32
Merit: 0
June 15, 2013, 05:50:09 AM
#47
But in the blockchain, there are hidden secret messages

From the illuminati, isn't it?
newbie
Activity: 32
Merit: 0
June 15, 2013, 05:49:32 AM
#46
Nakamoto, SAtoshi

The clues were always there, people don't wanna see it...



You've made my day even awesomer.
hero member
Activity: 784
Merit: 500
June 15, 2013, 05:32:50 AM
#45
But in the blockchain, there are hidden secret messages
newbie
Activity: 16
Merit: 0
June 15, 2013, 04:47:41 AM
#44
Nakamoto, SAtoshi

The clues were always there, people don't wanna see it...

Maybe it's NASA (NAkamoto SAtoshi) using the hashing power of both Bitcoin and SETI@Home to hide the existance of aliens together with the Men in Black. Grin
And the lizards, they're the ones who're really behind it all!

http://cdn.memegenerator.net/instances/400x/37084255.jpg

http://cdn.memegenerator.net/instances/300x300/38708557.jpg
legendary
Activity: 2786
Merit: 1031
June 14, 2013, 03:37:48 PM
#43
Nakamoto, SAtoshi

The clues were always there, people don't wanna see it...

Maybe it's NASA (NAkamoto SAtoshi) using the hashing power of both Bitcoin and SETI@Home to hide the existance of aliens together with the Men in Black. Grin
And the lizards, they're the ones who're really behind it all!

member
Activity: 85
Merit: 10
Fortune favors the bold and brave
June 14, 2013, 02:58:18 PM
#42
People give factions of the government way too much credit. 
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