When all the 21M coins have been mined. Miners will make their money from transaction fees, so they still need those mining machines anyhow. If transaction fees are to high people will stop using bitcoins. If earnings are to low people will not mine.
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Bitcoin and many other cryptocurrencies have the "problem" that they are not linked to a "real value". Some people have tried to introduce crypto currencies linked to assets like gold. Which in turn has the problem that gold is a physical asset that has to be stored and secured in a vault or similar, which could be expensive and unsafe in the long perspective.
I suggest the creation of a cryptocurrency linked to processing power. Coins would be "mined" by solving real world computer-power-intensive problems. The problems would be defined by the buyer, of processing power, who would define the problem and pay amount X of this novel crypto to get access to peoples computer power.
"Cure coin" works in a way like this but the "mining" is limited to folding proteins. I would like a more general "Cure coin" in which is turning complete(?) and which has a associated software in which any computer intensive problem can be defined.
Good idea or bad idea? Has someone done this already? What are your suggestions?
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How is it linked to gold? What does the linking with gold consist of?
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I would like to have a cryptocurrency backed by gold even better some computer related "asset" like processingpower.
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Where is the real gold? If I get 100 digiDAO can I change them for a 100g goldbar? Is the gold in physical form or as papergold?
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What is your experience of trading with Bitsquare? Is there not a risk of fraud that the seller can scam the buyer by saying that he has not received any fiat and try to redraw the cryptos?
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I think there is a risk of bitcoin infrastructure deteriorating when mining becomes unprofitable. The solution would be new much better cheap chips with low energy cost that can earn transaction fees. Something like this: http://bitfury.com/products#16nm-asic
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I would devide the 10 Bitcoins into 400 parts of 0.025 Bitcoin. I would give away each part of 0.025 (worth about $10) to newbee people who have heard of Bitcoin, and want to try Bitcoin, but they dont yet know how to buy or use Bitcoins. If they have my small donation of Bitcoins to start with, they can have something in their wallet and make their first transaction which will open their mind and make them realize the possibilities and opportunities with Bitcoin.
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If someone knows the date I can buy this chip it in the shop please tell me. I have doubts. If something like this exists in reality why would they sell it to the public instead of using it themselves?
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There are 100 million LISK. If one LISK is worth $1 then all lisk are worth $100 million. I dont think that is a reasonable valuation.
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Would you consider to back Aurora with gold, land, fiat, or stocks?
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If one LISK is worth $1 dollar then all LISK have to be worth 100 million dollars. I that reasonable? I think it is not.
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Could someone summarize the benefits of Auroracoin?
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Hello,
would sell arround ~ 260 Lisk, for sure we cane use escrow or whatever you want and is not a scam. If you are interestet please tell me what you are willing to pay.
Greetings
Normal LISK does not exists in peoples wallets yet only pre-launch test-LISK. Only way to buy LISK in a secure way as I see it is to buy the account with the email address associated so that seller can not change the password. I dont think many people are willing to sell the email adress unless they happened to create a special email for LISK ico only.
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Global warming is a political scam that is invented and created by the people who have power över this world to be able to more efficiently enslave and fleece the sheeple.
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So which escrow service do you suggest for pre-launch LISK transactions? Do you have a link or some other info?
I dont know which "escrow" you all are talking about? Is it some special service with a company and domain name or are you talking only about a general concept in which a third part holds buyers and sellers assets.
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How can escrow hold LISK is that a feature added recently? Shouldnt accounts on Yobit that pre-trade with LISK be able to receive and hold LISK? Are LISK holders able to send their LISK to excrow pre-launch?
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How does buyer buy LISK when there is no LISK wallet to recieve LISK into?
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I think the price is to high and how am I supposed to receive LISK if there is no wallet?
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Problem with trading is there is no wallet to receive LISK. I tried to get a wallet at http://wallet.lisk.online/ But I can not get in now nothing happens when I push the sign in button. What if someone sends me LISK and the wallet locks me out? Are there any alternatives to receive LISK?
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