Quote from: kkaspar on February 18, 2014, 07:21:26 AM

Quote from: windjc on February 18, 2014, 07:08:47 AM

except for providing the largest supercomputer network the world has ever seen x 50, thus making hacking the protocol obsolete and futile, while providing the infrastructure needed to run the protocol that no competitor can afford. [/b]

PS I assume you were referring to miners and not to people that have large amounts of bitcoin. Because if its the latter then - jealous much?

At first, the network of ASICs, that are built to hash fixed results, is not exactly a supercomputer network. SHA256 bitcoin ASICs can do nothing else then to hash bitcoins or heat your home.

AND the increase in network power doesn't increase the security of the network because most of the network is pooled together. When you only have to compromise 2 pools, then it doesn't matter how powerful of an hashrate they are processing. So, miners aren't actually contributing to the security of the network unless they are solo-mining. That is what makes bitcoin mining a fools game. Future coins needs to have a system where payments are distributed without intermediate services and with more constructive goals in mind.

Like I said. Go buy more of your precious rocks. Check back in 5 years and either gloat or ask for forgiveness. We will be waiting either way.