Litecoins

[Sanderz]

Buy them now before they become the new bitcoin.

https://btc-e.com/exchange/ltc_usd

[Hitshade]

Yet you can decide what men you'd like to fuck... astonishing.

[Sanderz]

Governments like the USA have FIAT currency. It basically has value because the government says it does, not because it's backed by gold or any other precious material. They therefore can print lots of money and control it in a centralized location. Crypto currencies like bitcoin are decentralized, so no one has control over it or its price (theoretically at least. If a group has a controlling market share, they can set the price of the currency). Anyone can also "print" it by running a miner off of your video card. There's tutorials how to do it if you google.

Basically, nerd currency > wall street currency.

[Firecrest]

I understand how our currency is backed by gold

The US currency is not backed by gold. We went off the gold standard in 1933.

[lawlerbation the hardcore squatter]

the idea isnt that it is backed by anything more so that there is "proof" of their existence and then their transportation between two points.

Id like to say thanks sanderz I had remembered seeing these before and their resemblance to silver compared to the bitcoins gold.

[jackslammer]

the idea isnt that it is backed by anything more so that there is "proof" of their existence and then their transportation between two points.

Id like to say thanks sanderz I had remembered seeing these before and their resemblance to silver compared to the bitcoins gold.

What language is this?

[Sanderz]

the idea isnt that it is backed by anything more so that there is "proof" of their existence and then their transportation between two points.

Id like to say thanks sanderz I had remembered seeing these before and their resemblance to silver compared to the bitcoins gold.

What language is this?

GEDese

[abecx]

I've made $700 so far this month and i have another $300 to cash out.

My GF pays $700 in rent, I have devices that pay more than she does MUAHAHAHA

[lawlerbation the hardcore squatter]

how about a wlph mining pool? seems like a better use for most of our computers at this point

[Sanderz]

Unless Abe drops several thousand on multiple high end GPUs, the pool would be too small. I'm already on the Elitist Jerks pool and they only get blocks every 2-3 days on average.