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Re: SELLERS: Let's Raise Our Prices to $2/BTC!
by
Raulo
on 19/03/2011, 15:21:17 UTC
Bitcoin is similiar to gold in almost every way, so it should be compared to mining & called mining.

Is it called differently? The forum section is called "mining". The programs are miners, etc.

But anyway, bitcoin is very far from gold. A lump of gold conducts electricity very well, does not corrode, is a good catalyst and you can make w nice shiny ring out of it. Bitcoin is neither. Bitcoin is absolutely non-physical. Face it: bitcoin is fiat. But Bitcoin is not an ordinary fiat. Bitcoin is decentralized. This is the only truly novel feature of Bitcoin because finite supply is non-novel, there are a lot of finite supply tokens (e.g, collectors coins).