“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:
10 Chemical Weapons Attacks Washington Doesn't Want You to Talk About
Traffic Camera Company Uses False Threats To Extract Ticket Payment
Medical Marijuana Patient Jerry Duval's Prison Term Could Cost Taxpayers More Than $1.2 Million
Millions, possibly billions of dollars awarded to scientists for duplicate studies
Ron Paul: US money sent to Egypt has been 'wasteful'
Apple, GE, and others could soon sell their products in Iran
Please, for Heaven's Sake, DON'T CALL THE POLICE
Major Insider: The Vast Majority of Global Debt Will Be Defaulted On
IMF Happy Talk Cannot Obscure Japan's Reality
'Dollar valueless, about to crash' - World Bank whistleblower
U.S. Leaving $7 Billion of Military Equipment Behind in Afghanistan
The Big Losers at the Olympics Are the Host Nations
Collectivists Posing As “Anarchists” Demand $3 Billion From Google
Who Are the Monarchs of Money?
Which Countries Are Most at Risk from Internet Disconnection