Quote from: bstatic on April 17, 2013, 01:00:50 AM

Quote from: odolvlobo

Many of the problems in the world are caused by people putting their trust into the creation and distribution of money by banks.

There is no one cause for the problems in this world. What you said might be one of them but I think there are problems that run much deeper than that, which I won't go into now.

Quote from: odolvlobo

Bitcoin solves this problem. Bitcoin is regulated by rules, and not by politics, favoritism, nepotism, and violence.

I don't see how Bitcoin solves any problems. It is actually unregulated and the way that BTC mining will progress, most of the wealth will go to the "big" mining pool guys which puts them in a position to control the market and make huge profits.

Quote from: Anon136 on April 17, 2013, 12:36:55 AM

asics are not that expensive. I dont think a 1200 dollar investment is enough to qualify anyone as "elite"

What you are talking about is a 25 Gh/s ASIC miner. At 25Gh/s you will make 1.64 BTC/day at the current difficulty of 7672999. We are in the pre-ASIC days right now. When Avalon/BFL have shipped out their hardware, the difficulty will rise exponentially (and it already has, see this link).

In 3 months (and 6 difficulty re-calculations later) lets say the difficulty will be 30x what it is today. At 25Gh/s you will make 0.05 BTC/day at the 30x difficulty of 230189970. You are going to be needing a lot more units very fast. This will drive small scale mining out of business and only the biggest guys will remain with the most hardware.

im sorry but this doesnt explain how economy of scale is beneficial. Im not saying it isnt, just that your comment doesnt explain why we should expect that it is. If it costs 2.9 dollars a day in electricity and nets him 3 dollars a day leaving him a profit of 10 cents a day than having 1000 units doesnt make it any more profitable. he still only makes 10 cents per unit. Cramming more in a room doesnt make each unit more profitable.

on the contrary someone who is running 1 asic could "borrow" his parents electricity and the heat given of by the unit could be used to heat his house, where as the heat given off by 1000 units would be a liability not an asset.