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answer: invented in 2008 to solve/disrupt corrupted Banks/Wallstreet WHO will ultimately benefit from it (in a very sinister way)...? answer: I'm afraid it might be Banks/Wallstreet again, if they grasp its potential quick enough....

These are especially built for Bitcoin-miners (or currently: Litecoin and alts). The Molex is to feed additional 12 volt to prevent burning the mainboard (Bitcoin-mining video-cards can take 18 Amps x 12V = 220 Watt or more). Most miners use 4 of these Risers with 4x AMP-7950 cards.

This guy has a story to tell: https://www.youtube.com/watch?v=0dNawEe8M1Y

Most say it's Internet-money, but it's much more than that. To understand it, it's best to watch all the video's of this teacher: http://www.youtube.com/watch?v=O0oDDIy0P2s He has 27 video's already, for if you are really intrigued...

You are correct: see the attached graph with "Decentralized crypto's". I have also included its failed predecessor "Centralized crypto's". They all failed (or still will fail) by their single-point-of-failure design (think of "Liberty Reserve")

As said before: we are still in pre-Internet-time (1992-1995). Be aware that when Wall Street finally grasps it, they will over-hype it to a bubble like 1998-2000.....

This OP's "Tyler Cowen" piece is flawed in many ways. Two of them, I will try to debug below. Two flaws are pregnant: 1) he mixes Centralized and Decentralized economics. 2) he doesn't reckon the differences between SHA256 and sCrypt networks. The first point: he writes "But then the...

If NSA created Bitcoin, it would have used the "r" version SHA256. Luckily it's the "k" version: http://bitcoinmagazine.com/7781/satoshis-genius-unexpected-ways-in-which-bitcoin-dodged-some-cryptographic-bullet/

Indeed we agree: the fools will run out...but in a 180 degrees direction: it's the Dollar and other fiat-moneys where the problem lies. Fed's system is already named as a "legalized Ponzi scheme" which when (not if) it burst the world can be saved by decentralized crypto-currencies (and...

Aahh... now I understand.... YOU are Bill Ackman :)

Stubborn ignorance of a few, will not holdback world's greatest innovations as shown in this chart:

Bernake "likes" them, Germany likes them... and USA as well if they want to stay the most innovative country in the world (and they will)

Nah..nah...that's not what I meant to write..it was an answer to the point of "uneven wealth distribution" (your comment: I take issue with is your opinion that it is irrelevant if there are a few large holders or many holders). Please read some of my previous posts: Just like you: I don't...

thanks Swan Noir. An accurate chart of Bitcoins wealth distribution can be found here: http://bitcoinrichlist.com/charts/bitcoin-distribution-by-address?atblock=275000 I could not find similar accurate chart of USD's "wealth distribution"...(I googled and found only old charts)... but there...

??? do you really believe that it will stabilize around $100, in the unlikely event that oil market switches to btc..... of course not... the supply/demand law will skyrocket the price.

All value is subjective and expressed by it's usefulness. Do your homework and you will learn how useful computer-money is. And, you can translate your quote to this as well: we are able to buy chickens with USD, that is with money created by a freaking FED. The ultimate bullshit, fantasy...

Sure he is...but that's the intention of this thread: post your predictions...and see in a year from now, who was closest to the truth ! And by the way: there is surely enough BTC for any market As well for his idea.

Just one other prediction: :eek: http://www.marketwatch.com/story/6-market-surprises-for-2014-2013-12-24?link=sfmw

They announced it last Thursday, and look what their stock on Nasdaq did: jumped 7% to $30

That's because you still cannot grasp what the bitcoin-protocol and network will bring you (in essence you have not watched that video, and/or have not understood it). Again...this NOT about digital money at all.