What Happens When Anonymous Gets a Bank?

[Magda Hassan]

I follow the bitcoin phenomenon with caution. Theoretically, it makes good sense, but I'm still suspicious that those white hacker types who invented it skewed it in their favor and this needs to be corrected. There are a few bitcoin forums and I'm a member of one. Much of the talk is about building monstrously powerful parallel computer systems at home [multiple very powerful computers working in tandem generating the bitcoins]. It is the 'creation' of bitcoins that seems unfair and odd to me....and it is very complex how this is done. It is beyond my mathematics skills to fully understand and it would be nice if some mathematician would weigh in on the matter, regardless of how they feel about bitcoins.

I agree Peter. It does leave a lot of people out of the system when they don't have the skills to create them. Another reason I like time as a unit of exchange. It is universal and democratic. Every one gets that 24 hours a day regardless of skills or social connections. Still on the conceptual level I like that Bitcoin exists if only to get people thinking that alternatives actually do exist and that there is life out side the bank and money system.