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Re:Bitcoins up another 42% since August 1st by oleganza on Thursday August 16, 2012 @10:35AM (#4391425)
I wonder how government is going to pay for all that equipment if at that point Bitcoin will start proving more and more useful than government-issued paper.
Re:Bitcoins up another 42% since August 1st by hnolable on Thursday August 16, 2012 @10:43AM (#4391458)
Obviously at some point it would be cost prohibitive for any one government. But we are far far from that point. The price would probably have to go up by many orders of magnitude.
Re:Bitcoins up another 42% since August 1st by Karunamon on Thursday August 16, 2012 @06:18PM (#4393951)
Doesn't the bitcoin network self-regulate to increase the difficulty of mining coins as the speed of coin generation increases?