A few years ago my friend and I heard about this new technology called Bitcoin. All we knew was that you can get some coins for lending your computing power to the network, like SETI, to verify the transaction of the coins from person to person (this is called mining). What could you do with it? Nothing. What was it good for back then? Bragging rights. Hey do you have any “BTC”? No? Well I do and I can buy some alpaca socks. 🙂
It seemed so meta helping the network verify that you have the coins that you just received from mining. But after I got my first few coins I was hooked. I also had a few questions. If people didn’t mine will I lose my coins or would they disappear all together? How do I make sure I’m sending the coins to the correct person when I did pay for something. Luckily the inventor of Bitcoin made mining salable, from one person to the current one exaflops (1018 floating-point operations per second) faster than the top 500 super computers combined.
Five years later these magic coins are worth a lot more than bragging rights and since then they have lost their value twice, down to $1 from $10 and down to $75 from $240, I think it’s safe to say that if you can buy some now you will be in for a ride in the future. I won’t do any predictions because I have less of an idea what’s going to happen than everyone else but what I do know is that concurrency is as exciting as the internet or email when it came out back in the late 80’s early 90’s.
In the spirit of new technology I’m giving out 160,000 Satoshi. I know it’s not as awesome as the BTCFauct back in 2010 when they gave out three to four coins but if you want to mess around with real coins let me know. You can even send it back to me if you want. Place a comment with your address below with a sentence of what you like about Bitcoin or Concurrency and I’ll send a few Satoshi your way.