The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used.
If knight's "trust everyone collectively" meant, "trust in the process" I find that insightful and a good motto.
If people believe that bitcoin is simply a way for botnet herders to convert spare cpu cycles into cash, they are unlikely to participate.
But I do think that is is really important to point out that all that CPU power and electricity usage is absolutely NOT required for the...
I believe that the amount of energy input required to the bitcoin economy represents a serious obstacle to its growth.
Tested with Python 2.6, pbkdf2_rmd v0.1 (Python module), pywallet V1.1
I have a small series of patches that allow bitcoind to build on DragonFly BSD; what would be an acceptable way to submit these patches upstream?
Longer addresses will definitely inhibit the adoption of bitcoin by the public and should be high on the list of things to avoid.
Anytime you exchange bitcoin for dollars, or any other national fiat money you are creating a record.
Designing a fast-confirmation bitcoin vending machine.