Well it's only speculation, but Bitcoin mining is a specific activity. It's true there's probably plenty of money going into making the fastest double-sha1 + no

Well it's only speculation, but Bitcoin mining is a specific activity. It's true there's probably plenty of money going into making the fastest double-sha1 + nonance chip; that activity alone isn't likely to advance computing. There's some money going into making better Litecoin/Scrypt miners, which is currently only gpus so that's positive. The question you should be asking is how will Bitcoin advance computing. That question I think will get you a lot more answers: - Security is essential. People require secure computing to safely operating in Bitcoin. - etc.