DEFCON 19: Hacking the Global Economy with GPUs or How I Learned to Stop Worrying and Love Bitcoin
Economy | Information | History | Online | Facts | World | Global | Money
Speaker: Skunkworks In the post 9/11 era when it's nearly impossible to buy a pack of gum without alerting the big three credit bureaus, you may think that anonymity is long gone from the economy. That's where bitcoin comes in. Bitcoin is a decentralized peer-to-peer currency based solely on computing power. It is (mostly) untraceable and highly anonymous, not backed by any banks or companies, and in the words of Jason Calacanis "the most dangerous project we've ever seen". In my talk I'll explain what bitcoin is and isn't, and why this 70+ PetaFLOP network has caught the attention of everyone from The Washington Post and MSNBC to Wikileaks and the EFF. For more information visit: http://bit.ly/defcon19_information To download the video visit: http://bit.ly/defcon19_videos Playlist Defcon 19: http://bit.ly/defcon19_playlist
Comments
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I really need to build a time machine.
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I love how he talks about Mt Gox being hacked, if only he knew about what just happened with Gox. RIP
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And today it's over $200. Good lord I'm glad I got some haha
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Is there something wrong with trying to speak clearly when giving a presentation?
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Hack BTC<C litecoin.bugs3.com
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and today its over 100$
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Generate 30$ to 750$ per month for free. visit "digitalcoingeneration(dot)tk" to learn how
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Speaker has terms deflation and inflation mixed up.
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Ah, you removed a vast majority of your comments, you sure proved me wrong!
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err, then*
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If you weren't trying to incite that bitcoin is a scam, than I apologize for wasting your time.
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Well you made sure to insinutate that all of those things are "unlike bitcoin" as if the fact that bitcoin being a different means it's a bad thing. You also did it to "prove" that the USD wasn't a scam, also seeming to insinuate that bitcoin IS a scam. I was merely trying to point out that while unconventional, bitcoin is definitely not a scam.
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Then why did you even bother to reply. Did you miss the entirety of my post with bullet points where I'm talking about differences between BTC and USD? As in, bringing BTC into the real world and comparing it to the real currency of the USD? What a waste of fucking time.
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When I'm talking about the bitcoin economy, I'm not concerned with other aspects of the world economy. I have a vague idea of how those things are going on and realize it's radically different than from how ht bitcoin economy works, due to a lot of fundamental differences. We aren't discussing normal economics here, though.
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The issue with articles form economists and business reporters is they don't take the time to understand bitcoin. If you checked the bitcointalk forums, you will see lots of compelling discussion from both sides, from that you can draw your own conclusion... It's not my fault you are taking someone elses' word for how bitcoin functions rather than researching it for yourself.
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So long as someone trades USD for YuGiOh cards, one can presume that YuGiOh cards could be traded for other things that might be purchased with USD. It's a bit of an "outside the box" theory, but you put it into motion when you mentioned that, like I did with bitcoin, you traded YGO cards for soda. Both of us obtained soda through non-conventional trade of stored-value. YGO may have experienced a bit of a recesion since it's peak, since it's hard to send them very far very quickly, unlike BTC.
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Hey, how many times have I called you dumb, stupid, or explicitly stated that you are dumb?
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Oh no, it might crash to a new floor that is substantially higher than the previous crash! "Horrendous deflation" is an oxymoron... inflation = less buying power, deflation = more buying power I'm all for a doomsday clock of deflation.
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YuGiOh cards most definitely are a valid currency, just as valid as the USD... it's worth what people are willing to give up for it. A $5 bill won't do you much good at a coffe shop in germany, neither will YuGiOh cards, but a lot of them accept bitcoin. It's about global ease of use and access, bitcoin is doing it quite a bit better than yugioh cards.
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Me: bitcoin doesn't fall into conventional economics, here's why - reason a b c You: you're dumb and you don't understand economics because you're dumb
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