[GNHLUG] MerriLUG: April 2nd 2013 - Bitcoin

[Bruce Labitt]

On 04/06/2013 07:28 PM, Ben Scott wrote:
> On Thu, Apr 4, 2013 at 5:27 PM, David Rysdam <david at rysdam.org> wrote:
>>>    Peer-to-peer is two guys meeting on a street corner and saying "Hey,
>>> wanna buy some Bitcoins?"  :)
>> What if 100 guys meet on a street corner?
>    Umm... then there's more of them?  :)  It doesn't inherently affect
> the peer-to-peer nature, if that's what you're asking.
>
>> And what if that street corner is then blocked, "DoS'd" if you will,
>> by a rival gang? Isn't that exactly what happened here?
>    I guess so... I get the feeling this analogy has gotten out-of-control.  :)
>
> -- Ben
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>
Anyone doing bit coin mining?  Seems like it would favor geeks with high 
power computers/gaming rigs to decrypt the codes.  I've heard that 
people are harnessing gpu's to do the decryption.  Discuss.