Post Race!

But who created bitcoin?

"Satoshi Nakamoto (中本 哲史[1] Nakamoto Satoshi?) is a person or group of people who created the Bitcoin protocol and reference software, Bitcoin Core. In 2008, Nakamoto published a paper[2][3] on The Cryptography Mailing list at metzdowd.com[4] describing the Bitcoin digital currency. In 2009, he released the first Bitcoin software that launched the network and the first units of the Bitcoin currency, called bitcoins.

Nakamoto is said to have continued to contribute to his Bitcoin software release with other developers until contact with his team and the community gradually began to fade in mid-2010.
[...]
Nakamoto is believed to be in possession of roughly one million bitcoins. At one point in December 2013, this was the equivalent of US$1.1 billion.[8] Nakamoto's true identity remains unknown, and has been the subject of much speculation. It is not known whether the name "Satoshi Nakamoto" is real or a pseudonym, or whether the name represents one person or a group of people."

"On his P2P Foundation profile, Nakamoto claimed to be a 37-year-old male who lived in Japan, while others speculated he was unlikely to be Japanese due to his use of English and his Bitcoin software not being documented nor labelled in Japanese.

Some considered Nakamoto might be a team of people: Dan Kaminsky, a security researcher who read the Bitcoin code,[10] said that Nakamoto could either be a "team of people" or a "genius";[11] Laszlo Hanyecz, a former Bitcoin core developer who had emailed Nakamoto, had the feeling the code was too well designed for one person.

Occasional British English spelling and terminology (such as the phrase "bloody hard") in both source code comments and forum postings work led to speculation that Nakamoto, or at least one individual in the consortium claiming to be him, was of Commonwealth origin." -wiki

At present the true identity of Satoshi Nakamoto remains a mystery although there have been many investigations, see there for more info -> https://en.wikipedia.org/wiki/Satoshi_Nakamoto

That is incorrect. dday and I created the bitcoin.

Of course. I funded it and dclamp built it.

Shouldnt you be sleeping. Its kinda late for you to be awake.

Of course I generously gave dclamp 1,000,000 free bitcoins for building the service and now he is a multi-trillionaire.

It is a bit late, but the baby is down and I wanted to work on my compiler a little more.

I am going to call your house and wake the baby.

Although the supply of bitcoins is limited to 21 million coins, there is no limit regarding the number of bitcoin competitors, and that means the value of such coins are likely to decrease as the supply of equivalent coins increases. For example 'By May 2014 there were more than 275 cryptocurrencies available for trade in online markets' including litecoin, darkcoin, dogecoin, mastercoin, and pandacoin. -wiki

You can even see a side by side comparison of many of the bitcoin competitors there: http://bitinfocharts.com

Don't believe me because:

1. "Established firms that accept bitcoins include Atomic Mall,[116] Clearly Canadian,[117] Dish Network, Overstock.com,[53] the Sacramento Kings,[118] TigerDirect,[52] Virgin Galactic,[119] and Zynga.[120]
In late 2013 the University of Nicosia became the first university in the world to accept it." -wiki,

2. 'In a 2013 report, Bank of America Merrill Lynch stated that "we believe bitcoin can become a major means of payment for e-commerce and may emerge as a serious competitor to traditional money-transfer providers. As a medium of exchange, bitcoin has clear potential for growth and that in a long-term fair-value analysis maximum market capitalization for bitcoins could be $15 billion." ' - wiki

3. You have seen it promoted on T.V. shows including the PBS Newshour like that report http://www.pbs.org/newshour/bb/busin...bitcoin_10-04/

Then perhaps you will believe:

A. Eric Posner the Kirkland & Ellis Distinguished Service Professor of Law at the University of Chicago "And even if bitcoin overcame all of these challenges, it would surely be a victim of its own success, as other virtual currencies flood the market. This is already happening. If these other currencies act as competitors, then we would be stuck with just as much volatility and exchange rate risk at home as we currently have to deal with in transacting abroad. If they act as substitutes, then there really would be no way to control the money supply. If there is no limit to the supply, it would be very difficult for the currencies to maintain their value, and very little reason for people to hold them given that they could easily become worthless."
Source: http://www.paymentlawadvisor.com/fil...s-Bit-Coin.pdf

B. Warren Buffet says stay away it is a mirage: http://www.cnbc.com/id/101494937

I don't care if you're Warren Buffett or Jimmy Buffett, you do not know what the stock market is going to do.

off of the Wolf of Wall Street

A wolf would be rubbish on Wall Street. It wouldn't have pockets to put it's walllet in.

Hey Funky, incase you don't know, we no longer have a 30 second wait anymore!

Does anybody instagram here?

I just got one and found that it's actually pretty fun.

Of course most of my pictures are of food or my baby.

By my baby I mean my child, not my car.

Quote:

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Originally Posted by dclamp

I noticed that his name was red instead of green.

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And you knew what that meant, which I did not and which I am still unsure of.

I just went on a shake-down bike ride of some 30+ miles with the full load for my 1000 mile trip, which is coming up. At one point, I encountered a tractor with some kind of tiller on it that spanned both lanes of the road. I was barely able to get by. It was a harrowing experience (that one may be too subtle a pun for non-farmers). I used to like tractors, but after encountering one clearing off the entire roads, I'm now an ex-tractor fan.

(that one has moss on it)

Quote:

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Originally Posted by dday9

I don't care if you're Warren Buffett or Jimmy Buffett, you do not know what the stock market is going to do.

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Ah, but I know what is going to happen to bitc coin. =L

Quote:

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Originally Posted by Shaggy Hiker

I just went on a shake-down bike ride of some 30+ miles with the full load for my 1000 mile trip, which is coming up.

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Shake it on down Sharky.
http://www.youtube.com/watch?v=oKZZtrRLMy0