
“The Bitcoin network is performing several times more calculations than the World’s top 500 supercomputers combined. The miners create incredible hardware solutions in all sizes that range from USB sticks to whole multi-storey buildings. The incredible amount of money flowing into the Bitcoin economy allowed the engineers around the world to create the biggest experiment in distributed computation systems. This couldn’t have been funded any other way. All the knowledge and professional experience gained by building these mining rigs will eventually be put to work for other uses besides creating the most efficient monetary system of the future.”
http://bitcoinowl.com/what-bitcoin-investors-are-funding
Related posts:
Dealing with Cops These Days
Syria and the Perpetual War Economy
Prohibition Caused the Greatness of Gatsby
The Voters Who Stayed Home
The Idiot’s Guide to Becoming a Bitcoin Billionaire
The Real Founders of Democracy Would Be Pissed
Bill Bonner: An Important Update on Our New ‘Trade of the Decade’
Small minds, big ideas: The implications of the IRS targeting anti-tax groups
Ron Paul and the Future - Llewellyn H. Rockwell, Jr.
Will Grigg: "Damned from Memory": When the Drug War Turns on its Own
With Gold, Don’t Miss the Top
The Death of Privacy
Philip Giraldi: Where Are They Now?
Doug Casey at Libertopia 2012
Should We Celebrate the American Revolution?