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Title: minersareidiots Post by: steelhouse on September 12, 2011, 09:01:04 PM I thought of a new currency. It is based where 10,000,000 are pre-mined then a ledger is developed and all the coins are given out as bounties. A 100 posts on this board might get you 1000 MRI. A block explorer/exchange/wallet 10,000. Then when the block chain starts 36,500 a year or 0.36% inflation is given out to make an equilibrium with what is lost. This amounts to 100 per day for mining as permanent inflation. 1 minimum transaction fee which is destroyed. Yes, I know weeds started out this way, but there are no bounties for weeds. A dictator decides how the bounties are delivered. Dictator gets to keep 25,000 MRI. Attempt will be made to give all bounties out within 1 year.
lgpl, bounty Title: Re: minersareidiots Post by: foggyb on September 12, 2011, 09:35:16 PM Us "idiot" miners profited handsomely with alternate chains. Umad?
Title: Re: minersareidiots Post by: steelhouse on September 12, 2011, 10:29:39 PM Us "idiot" miners profited handsomely with alternate chains. Umad? The name is a joke. It is to take the power away from miners that only waste electricity for unions and give it back to the community. Barrack Obama and Jerry Brown have made more money off bitcoin than anybody else. The real name should be bountycoin |