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I'd bet that PG read Doogie Howser's diary every week.
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Dear Diary,
Mhd7Fhop(6gRR4hyK99#@#2c0HUJ5237l0HhgxaqDFDefgKhtr#$5uj0fxqzbmpologd
HGfdCCdsW36J09^gree4Ynfeyl)jhxaq1$gt532vbgczwHnmmk00%4332@wcVbnmm
LkjqZxhKIge70JpgewzwgN632rbJ8l084@#12dvcvfxdzswdHnjYthjyrschU*65PkmGc
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I use a simple phrase that is easy to remember. It is composed of fairly odd words that don't really go together. I then salt the bejeebers out of it with my own algorithms. I have nested deterministic brainwallets just in case someone really wants my Bitcoinses, my precious Bitcoinses.
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Make sure it is all in Japanese and then subtitled in Shakespearean English. This could start a whole new genre of art films that only the most elite artistes and auteurs would appreciate. Truly a masterpiece even before a word is written.
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Now I have not been a fan of proof-of-stake, but in this case, if demurrage is included it could work. This would allow Freicoin to grow slowly without the worry of a 51% attack, yet would also encourage mining. Meni's proposal for proof-of-stake leverages mining blocks generated by Proof-of Work against stakeholders that control actual transactions, but not new blocks. This would allow hashrate to shift the power of stakeholders in the case that a malicious monopoly ocurred.
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The world runs on 3 things I call GOD. Gold ,Oil and Drugs. Which one is most likely to be involved with bitcoin ?
All three. I'll sell my gold for Bitcoin to buy fuel to pick up my prescription. |
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Safely assuming that Satoshi Nakamoto is a pseudonym, why do you believe he choice that one as his moniker?
I have a theory about the first name - it was named after before the smallest unit a future currency. ftfy |
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A physical freicoin could instead of periodically applied stamps like old paper implementations of demurrage currency sometimes used instead have a display on it and a clock in it, so that it constantly counts down the number of freicoins it is worth moment by moment, graphically showing its constant decay.
Internally though, it has private key of a fixed number of epochal coins. It is the constant demurrage of that constant number of epochal coins that causes the change in the given-moment number of at-that-moment freicoins.
-MarkM-
TSA agent: "What is that device in you pocket counting down numbers?" FRC holder: "That's just money I'm going to use where there is limited internet." TSA Agent: "Place your hands on your head."  |
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So how would you make physical Freicoin like Bitcoin can? If you pay someone with a physical Freicoin, a Freicoin created last month would be worth less than one created this month. Seems like there really is no convenient way to use Freicoin offline.
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What could be more exciting than a movie about a type of money? Crypto is important and should be treated for what it is. It's about privacy and security plain and simple. The role of Bitcoin in a drama is a sidestory at best.
Guy comes in to fix the sink, gets paid in Bitcoin. If Bitcoin is double entendre, then it's been done. |
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What could be more exciting than a movie about a type of money? Crypto is important and should be treated for what it is. It's about privacy and security plain and simple. The role of Bitcoin in a drama is a sidestory at best.
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Ok, I'll explain otherwise:
Big thing is killing people and offers you 2 choices.
-Option A
-Option B
You guys are debating which option is better.
I propose that we kill the big killing machine instead, whatever the cost is. In the meantime, use the choice that profits the most for you, keeping in mind that we want to kill the big killing machine.
+1 I would only kill one. That is the person that created this game of death. If that is not possible, then I would let that person do whatever because they would not be trusted to do otherwise anyway. I don't believe in no-win scenarios, but death is not something I fear. |
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Yeah, most teens don't really think about money, just about the stuff they are conditioned to buy. It is pretty amazing that younguns even get what Bitcoin is about.
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Well, thanks everyone. I think I have a clearer picture now.
There is a lock thread option at the bottom if you are done using this thread. Please turn off the lights before you go. Have a nice day!  |
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Banks gamble poorly and inflate fiat currency to cover their losses. Bitcoin will make banks responsible for investing wisely like they were intended.
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You mean like the media about Bitcoin?
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Are you asking a rhetorical question?
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Perhaps you can add this questions to your FAQ:
When would the demurrage penalty be executed?
Based on this answer, will follow a question about how the penalty will avoid exploits, but it depends on when and how demurrage occurs.
[edit] I found in another thread that it is assessed at the time of transaction based on how long it has been held. What is to stop someone from simply holding it indefinitely as a backing for another currency like for instance, phycical bitcoin? If everyone did that, it would be a nightmare knowing how much a physical coin would be worth.
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