Oy, no one donated ? How sad.  I shall donate, then, a bitcoin for science.
Bitcoin away

But does it run faster than on a CPU of approximately same "price and time range" ?

That's plenty mean, also, most typical botnet boxen have a lousy GPU

It appears to me that there is a fundamental disagreement as to what "value" is.

Also, a fundamental disagreement as to the scope and nature of "bitcoinomy" (hence reference to GDP which seems problematic to apply to ephemeral mathematic artifacts existing only in places between computers)

Well, there has been some work (in adjacent fields) on types of cryptographic functions that are hostile to pretty much anything but CPUs and verily complex FPGA designs.

Methinks that making something run way worse on any modern GPU than on CPU is definitely possible, though whether CH will succeed in actually ensuring GPU-hostility is something that has yet to be seen.

1) There are different countries with different electricity costs.

2) A sell-off, should one happen (that is, should an early adopter with a substantial pile of coinage still exist at this point and choose, for some reason, to part with the entire stash instead of just the part he needs to hire some hookers and buy some wine or something), would of course drop the price, however, whether that would be permanent and how would market adjust is not subject to rational analysis at this point.

Value, as a concept, is mostly voodoo (gold value being prime example)

Predicting valuation behavior of large crowds is thus not verily likely.

However, I have nothing against your coin in principle, assuming that it can be implemented "in code", which is somewhat outside my ability to argue about (though it seems much more complex than bitcoin, which is a feat)

It's a kind of derelict coin.

I wonder if it just keeps on trucking because some megaminer got hit by a bus and now there's no one to shut his private pool down.

Thousands of years down the line, our robotic posthuman descendants shall unearth several ancient computers, still desperately mining i0-coins, leeching off a power line the company just never really cared enough to cut.

I suspect that the effect of said sell-off will largely depend on market environment.

You seem to imply that price of coins shall not rise proportionally (at least) upon subsidy reduction for miners. Yes, that would be a catastrophic scenario (with or withou sell-off), but I find no rational argument can be made for or against it

Should the coin price actually rise, the sell-off's devastation potential shall not be that high (and it seems to me that a significant portion of first-adopters have already cashed out).

You seem to be running with some version of efficient market hypothesis in mind, right ?

Not necessarily.

There exist numerous tricks and treats that render certain types of hardware relatively inefficient.

It is certainly possible to write a crypto-PoW in a manner that is outright hostile to any modern, and for the immediately foreseeable future, possible, GPU.

Depends on what assumptions you make as to market behavior in face of this change.

Do bear in mind that it is incredibly trivial for a bitcoin merchant to have his prices respond to market fluctuations in near-realtime.

Sarcasm detector has suffered a buffer overflow in its firmware, and shall remain offline for the time being.

2112, which of those, in your view, are typical of bitcoin ?

I am yet to start receiving bitcoin spam...

Why would the danger of "original coin sell-off" be greater if price of a single coin increases ("people keep buying in") ?

Also, "first adopter problem" is people just being sore lol

Why don't you make one yourself ?

According to your claims, ye'r quite a rich lad!

Actually, what would happen when subsidy drops to zero is a fascinating subject of discussion. Completely impervious to rational analysis it seems, too (since a lot will be defined by irrational actions by large groups of people)

Okay, this is officially weirder than "inflation/deflation" argument applied to infinitely divisible abstract programmatic constructs.

While I can make no argument as to quality of code, being a mere graphic designer, the build process is something a person with simpleton brainmeats like mine is definitely capable of mastering with some input from nice  souls in the community (I know this for a fact since I did craft together  and compile an alt-chain bitcoin fork to tentatively call my own )

I doubt that a cleaner, neater client would save the hide of someone who hires a John Doe to write business software for him and has zero code audit (which usually comes hand in hand with hiring Does). Scenario you present is not a "bitcoin has *insert term* quality of code or documentation" issue, scenario you present is "a guy who's entire business is a bunch of code running on a box somewhere hires lowest bidder and has no audit" issue.



I can relate to those lads.

Having said that, I don't think that the first knee would necessarily cause a miner exodus (depending on overall market response, the opposite might happen)


Could you point me to a concise and preferably online (being Belorussian I have a hard time ordering from them amazons) sources pertaining to "The public psychoanalysis of those well-known executives" ?
I just find that turn of phrase intriguing...

A sentiment I find myself in agreement with.

One has to wonder if inadequate analogies could be sold and bought in a market of some sorts.

I am afraid that the only authority the act of starting a thread gives you is authority to close it, so you have neither ability to set up rules of your own, nor the ability to demand another agent's departure.

Also, why do you refer to yourself in plural ? Do you believe yourself to be some kind of royalty ?