
“The Bitcoin network now clocks in at more than 256 times greater than the world’s 500 most powerful supercomputers combined. In short, that’s a lotta FLOPS! And there is not a currency network on earth registering faster growth. That’s an important distinction, because the network is what secures and validates the currency’s transaction history. If one values security and payment validation in a digital currency, in other words, Bitcoin is by far the safest bet. All this is not to say one of these upstarts…or some New Coin On The Block (N.C.O.T.B.) won’t take over…simply that it is much harder to dislodge an established network than it might seem at first blush.”
http://freemarketcafe.com/2013/12/bit-rest/
Related posts:
DEA Seized $3.2 Billion From People Since 2007 Without Charging Any Crime
Undercover agents made over 100 Silk Road purchases, tested 'high purity'
Bitcoin Suisse AG Gets Licensed, Will Turn on ATMs in Zurich
DEA Targets FedEx, UPS in Online Pharmacy Battle
California Governor Calls for Legislation that will Increase Unemployment
72 Types Of Americans Considered 'Potential Terrorists' In Official Documents
Ron Paul supports Snowden and Manning in Larry King interview
US Photo Enforcement Market Becoming Less Profitable
An Iranian-American Turned Down the FBI and Wound Up With a Prison Sentence
Microsoft Waits to Fix Your Software Bugs So the NSA Can Use Them First
JFK and the Unspeakable: Why He Died and Why It Matters
McCain's Next Stop: Guantanamo?
Is the 30-Year Bond Bull Market Over? You’re Darn Right It Is!
Q&A With Peter Schiff: Silver Looking Golden
Dark net drug markets kept alive by great customer service