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Is Bitcoin a good idea? (quora.com)
22 points by shalmanese on May 17, 2011 | hide | past | favorite | 3 comments


The comments are again, just like the last n articles wrong.

> ...."algorithm" which through some convoluted mechanism allows Bitcoins to be "mined". Essentially it randomly allocates Bitcoin to early adopters...

No it doesn't, transactions use a proof-of-work to verify the transaction, this is what makes it secure and why 'miners' are given bitcoins. Think of it as payment for a service.

The other points I can't really comment on, except to look on bitcoincharts.com in 30 days there has been over 4 billion USD exchanged... money talks right.


4 million.





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