Originally Posted by
WhiteFireDragon
i just saw this thread earlier this morning, and skimmed through all the FAQ about bitcoin and mining, and here are my thoughts:
crunching and folding has always been a donation of your hardware and resources to help the research you believe in, in hopes of a cure being found one day. bitcoin mining is the exact opposite, there are no work units to crunch/fold, and the results are purely selfish because the money goes into your own pocket. though i do understand the intent of this thread to help offset the electricity costs and hardware, i doubt that most people will use this extra bit of money to put back into true non-profit DC projects. instead, this money will go into building up more miners, which in turn will generate more money for even more miners. many people from this XS subform will put back that money for more crunchers, but the rest of the miners could care less about DC projects because those projects don't give back instant cash gratifications. and also the idea of anonymous transactions that are not traceable doesn't really appeal to me. if you buy perfectly legal things, then what's there to hide? i see this as a big opportunity for money laundering and with that same thought, who knows what kind of activities you're supporting every time you sell a bitcoin? so i just don't really agree with this type of "DC" work, or the type of economy that it promotes. /rant