Gold, Silver and Bitcoin: The ultimate interview by VisionVictorySubmitted by haze on Tue, 09/18/2012 - 15:17
This is a most excellent interview where Trace Mayer interviewed by VisionVictory uses excellent analogies and explanations in order to help people grasp what is Bitcoin and bitcoins and how it works and why you should care. I highly recommend spending these 30min and learning this information:
In this interview we sat down with Trace Mayer of Run To Gold & How To Vanish and discussing the very interesting topic of the acceleratingly popular alternative currency known as Bitcoin.
5:27: Regarding the Bitcoin code, "It's open source; so far there hasn't been anyone that's able to compromise the code"
6:13: "It allows for capital to be accumulated and be saved and stored in a much better way I think than necessarily gold or silver"
6:51: "Currently the bitcoin network is secured by processing power. Approximately 250 petaFLOPS. The department of Energy just built a supercomputer for $1.2 Billion that has 15 petaFLOPs"