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I agree. New guys should watch the video's of this teacher: http://www.youtube.com/channel/UCgo7FCCPuylVk4luP3JAgVw/videos

++ Addition: the Hash of one block is also input for the next block Hash. This makes a string of very strong verified blocks. The longer the string the more sure it is that transactions are 100% correct. This is why a 51% attack is more difficult (if not impossible) over more blocks than...

You want to sensor, world's most innovative financial invention of current century? Where are you from... North-Korea?

FED screwed it up... (Bitcoin positive) https://www.youtube.com/watch?v=7RLhpkaIC7g

You bet? All subjective feelings, not backed up by facts.... But if you watched the US senate hearings, it was clear that percentage wise Bitcoin wasn't that criminal at all (FINcen literary told that centralized systems like Liberty Reserve was much more of a problem). Further it is known...

That's just a compliance to China's regulations. It's fully legal to own and trade Bitcoin in China, if you comply to the regulations. It's the same at eBay in the USA: also there it's not allowed (by USA regulations) to trade Bitcoins with out a license.

??? show me proof of one single country that really have made Bitcoin illegal.... None you will find. Only thing you will find are: "regulations" and "warnings". Especially in countries already having heavy regulations for Fiat-currencies (try to export USD from India or China).

Indeed, do your research.... which is something you didn't do yourself! And here is why: Your examples of "Liberty reserve" and "E-gold" are both centralized forms, created and managed by one central (and indeed criminal intended) organization. They are shutdown for a good reason. Bitcoin...

pfff ..... we will see who is right... (put some skin in the game and go short, I will be on the other side).

We are talking the same thing, but I don't agree with your "too easy and too low calculations". 1) It's proves to be much harder to produce very high tech 20nm hardware in a very short timespan (especially if this should be under the radar). There are only a few manufactories in the world...

Although I agree a 51% attack by an outside enemy sounds scary, it's not that damaging.... for the following reasons: a) its costs are enormous, compared to what the attacker can earn. b) it will be patched/solved quite fast (there are already recover-scenarios, readily coded to deploy in...

This is a must watch:

Here: http://bitcoinwisdom.com/markets/bitstamp/btcusd

:) Just telling the truth and debugging ignorance, should be enough

Trolls like you don't understand that simply copying a hamburger will not give you a McDonalds with hundreds of thousands of outlets all over the world. The same applies for crypto-currencies: you need hundreds of thousands of P2P miners all over the world to create a valuable Coin. Only...

It's not likely, but in case it is: I'm afraid that by that time, I'm already dead or partying till death on my own tropical island...either way I have no time to remind you:(

Thanks... but: Heavily marketed? I haven't seen any advertising (TV, newspapers, etc), other than some posts by enthusiast individuals on forums to explain things. This in contrast to the professional advertising-budgets of bitcoin's competitors. I actually feeling the same, when...

OK, I will try to answer your two questions (although you can find these answers in the video-links I posted already: so actually you aren't willing to spend some time to learn, but instead calls it BS and ask others to do this work for you instead.....think about that...) 1) The huge...

Oops..sorry. Yes indeed AMD :) And yes, Mining-software only needs a x1 slot (there are Mainboards who can handle 6x 7950's).

If you are an American, then currently Bitcoin is hard for you to get (thanks to your government who wants to regulate everything, and Banks who are afraid and/or have their own agenda). Of course this will change in future (American entrepreneurs will find innovative solutions to comply with...