94.50
This ain't no dead cat.
 Zombie zone is when it actually moves the donchian channel beyond of where it fell from. This is the first *real* bounce in a sense that it could show up on the daily chart. Also watch this video and tell me it doesn't describe what is happening. http://www.investopedia.com/video/play/dead-cat-bounce/ |
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The price of Bitcoin is crashing SELL SELL SELL!
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Miners can control the money supply using a voting mechanism.
They simply write how much reward there should be for finding a block. Newcomers will most likely enter a high value, old miners most likely enter zero.
So the inflation automatically adjusts to the hashrate the newcomers are able to provide which should be correlated to economic growth,
This can be combined with a demurrage scheme where coins decay into nothing if the currency shrinks. (If the hashrate goes down for example)
Sounds interesting; I originally did not intend a voting mechanism, but if metrics cannot be discovered automatically, why not let money supply growth be voted upon somewhat democratically. I don't understand why old miners would vote for no new coins for themselves though. Automatic schemes might work too, the big question is though how much they will still work later on. The room for experimentation is huge. The reason I think old miners will vote for less reward is that the voting is intended to be valid for everybody, in a similar way difficulty is calculated. The thought is that old miners will most likely already have a decent stash of coins and will more likely be interested in preserving or increasing the value of the stash than accumulating more. This concept is part of a more elaborate system which should mimic the way physical gold works in an economy. I don't know if it can be simplified in such a way. Previous concepts were that coin holders have the possibility to hire "guards" for their stash to keep it from depreciating, while on the other side if they don't their coins get redistributed to newcomers which are the "bandits", "stealing" the coins. The problem I have with that is that is is modelled too much after a mediaeval society and modern economics work different. The most important part though is that the system provides an engine for new economic growth, in a way like Bitcoin already did with Silk road. What I always was thinking about is 3D printing and other grassroots manufacturing technologies as a niche. |
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The former is an academic paper on the theory behind the issue, not a concrete application, the latter a simple tool to help with optimization tasks. I get the burning suspicion that you watched the Zeitgeist films a little too often and not much else. I think we better leave it like that. If you still think your "AI" governed cryptocurrency: Talk is cheap show me the code. |
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lot of companies use, just of course, they check after to think about.
Here, after checking how the coin is going, people will decide if continue using it or not. And the algorithm should detect it as something bad.
Cite it. I told you. |
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well, i am just proposing it. Of course it need work to decide the best way to do it, and a way that leaves space to be updated.
ElectricMucus, i suggest then to move to the jungle... cause now days the world is moving like this. From the invest, decisions of big companies, until the way of filling a container.
Name one company which leaves decision making to an algorithm. (Oh and yes I will ask you to cite it) Filling a container doesn't require decision making. |
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I used AI word so more people can understand the idea...
I would love to see the reasons cause it would be an "inevitable disaster"
Anything related to transhumanism is. It's just a stupid concept to try to teach an algorithm decision making which affects more than the system itself. |
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i am not discussing math, i am suggesting to let an IA system decide the math, setting inputs to the system and looking for certain outputs, as a stable coin or the happiness of the people.
Some inputs will come from facts as exchange rate, votes from the people (n accounts and n votes/coin)
Outputs can be:
- happiness
- % fee on transactions destroying coins (>0%) that would prevent from people opening million of accounts
- amount mined
- exchange rate
I would add the option to vote other people (and change the vote when ever u want) after a transaction. This way people being bastard in the system will lose people trusting them. The power of many against the one being bastard to many.
i could help with development.
I'd rather not have anything to do with "AI". It's a weasel word, and if you are thinking about things like genetic algorithms for that I wouldn't want to have anything to do with that. That would be headed for inevitable disaster. |
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What you are proposing seems overly complicated, you would have to provide an integrated exchange mechanism and it has to have a monopoly. Doesn't seem doable
Next what's the point in trying to match the value of fiat currency, rather than using that in the first place using for ex ripple?
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Could this be happening? Be interesting where the next week or two takes us for sure....  no  |
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Red, stop shilling your shit and contribute to the debate. If you think you've got the right answer go ahead and implement it.
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Kaiser went from the major cargo cult shaman to a babbling retard. I remember Bruce Wagner looked exactly like that during the end.
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Back in the days, trolling....
oh nevermind.
NICE CHART!
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Inefficient market is inefficient.
Just the way we like it isn't it?  |
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Außerdem gibt es ein Gerücht das die FPGAs nur dev-boards von der Stange aus China waren.
Ziemlich unwahrscheinlich, was sollte man damit entwickeln können? Kein Speicher, keine Peripherie, die Verbindung zum PC is tauch eher gemächlich, ausser zum codeknacken und Bitcoin minen ist das board nicht zu gebrauchen. Stimmt auch wieder. Aber wer weis, es gibt zumindest ein paar i/o headers auf den boards, und ram ist auch nicht unbedingt notwendig. Ich sags mal so: Wenn ich die Spezifikationen der BFL FPGAs in eine alibaba Offert Anforderung stelle krig ich sicher ein Paar Angebote. |
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Interesting pattern I've noticed. It's been sort of bouncing downwards for the last 4 days. Is there a technical term for this sort of thing?
 Uhh I don't wanna say, people might threaten to ignore me again.  |
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Miners can control the money supply using a voting mechanism.
They simply write how much reward there should be for finding a block. Newcomers will most likely enter a high value, old miners most likely enter zero.
So the inflation automatically adjusts to the hashrate the newcomers are able to provide which should be correlated to economic growth,
This can be combined with a demurrage scheme where coins decay into nothing if the currency shrinks. (If the hashrate goes down for example)
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Short term bottom will probably be here  I think that will take a while longer. Price target might be right but not so fast imo. |
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Ich werde die Vermutung nicht los das BFL irgendwie mit dieser Blase involviert sind.
Außerdem gibt es ein Gerücht das die FPGAs nur dev-boards von der Stange aus China waren.
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