I haven't seen the u.s. or china try to control bitcoin yet. I imagine when they do we will know because so much mining power is in china and the u.s. A simple knock on their door and chinese btc fork would be made.


I dont think there is an issue with fees, as long as everyone can meaningfully participate in the network they can earn money to use it. The issue bitcoin has is almost no one can participate in the network (meaningfully)

And yeah I love the beauty of infinite decimal places for once we reach a multiplanetary civilization.

Okay lets look at your theory: BTC forks off with every miner but the mining pools:

1. You can change btc from sha but then every btc miner now has to get new equipment since they all use asics. Your coin probably dies now

2. You can keep the same algorithm and then a few of the top miners from those pools will regularly attack your coin with their hashing power like with bch. Lets say they are nice and don't attack you. Your coin now cost way less to mine than theirs and so the price will fall, many will see this already as not bitcoin as they usually count the one that is the highest price when forks like abc/sv happened. So still you haven't created a new bitcoin.

How do you avoid these scenarios and take back control from the mining pools?


Also I like your maths but that is actually exactly what I am asking if you divided all coins evenly then btc could be a global currency, but btc isn't, its held in a pyramid. So i calculated the average amount of btc(i actually did this for other coins too and realized they all share a similar distribution structure however some just havent reached as many levels of the pyramid yet due to a small mcap/users) held at each level and extended the pyramid downwards to ~5 billion users. At the last level will be 1 billion people who have that little amount of btc.


The global wealth disparity doesn't have to be a thing. It's only defeatist propaganda you've been fed that makes you believe so. Similar to how creating a currency not owned by a central bank is not a thing that caught on until bitcoin. People who earn their money are not the issue, one could argue maybe they pay more taxes etc. but thats to be decided. The issue is with people who don't earn their wealth- either through stealing as you say or simply inheriting.

This unearned wealth creates the issue because most people would reward someone for doing good. Almost no one would reward someone for doing nothing or worse hurting others. Yet in most parts of the world the wealth is held by people who were friends with kings, dictators, etc. from the last few centuries. I am not especially into choosing an economic side, I just believe we should develop the best system from the ground up. Rather than using a system biased by history to determine who is the wealthiest.

This coin will not have an ico since it is a governance token. Governance tokens with ico's or yfi distributions are essentially selling membership and trust to the highest bidder.

It is inefficient to trust someone the most in your DAO because 6 months ago they locked up 100 million dollars for a week.

Instead we will only be doing an initial task offering and then minting coins as a bonus reward for the completion of future tasks on the platform (tasks can be added by high tier members once the platform goes live)


Our DAO supports the development of X53732.org which is going to be the first equally distributed currency and the only one that is truly decentralized and more ready for global adoption than btc or other currency focused coins like libra.


The details for the initial task offering can be found here: https://zer0-53733.medium.com/x53732-dao-initial-task-offering-64a8a3fe952f

POW Mining is too centralized since governance is determined by the miners. We can verify they won't double spend but we are not protected from them changing the code or forming a Cartel.

Wealth is too centralized- pos mining cannot work with a coin with the same distribution as btc where the top 5000 out of 7 billion people hold more than half the btc. Thats what would happen if btc was a global currency.

Bribery, Oligarchy, and War define our world


TheGreatReset.Finance

Why is every currency so centralized? By doing this, none of them can become global currencies.

Taking a look at some of the most likely coins to become a global currency at the moment:



USD- Chinese will never accept it since it is printed indefinitely by USA

BTC- Completely owned by the 5 top mining pools who control if btc has inflation or other network parameters because if they stop mining the old btc then the new btc is automatically the real one since it has all the mining power to back its value and not be attacked (see ltc, bch, etc. for examples)

Dogecoin- A fun coin and with stable development but with pow it has the same issues as btc and if they moved to pos they'd still have the same issue due to these rich lists:

(European/Russian currencies): All still held by the same people whose ancestors were friends with the king/czar since trickle down doesn't work and there is not as many "new rich" as the america's

I can only see how a currency that is globally owned could become globally accepted.

People normally purport btc's wealth centralization as a reason to buy but at 7 billion users following this trend 1 billion people would have less than 0.0000001 BTC each....that's a greater wealth divide than we currently have with even USD. I can't imagine a world where the 100 people with large btc balances aren't hunted down by the billions of poor if that was the case.

TheGreatReset.Finance

Sorry I don't understand? How is 32 Eth cheaper than relocating to somewhere with cheap electricity and buying expensive mining hardware just to have a profitable mining setup.....Seems like only the rich would be able to do that and mine BTC too right?

The only alternative is not relocating, buying expensive btc mining hardware, and then losing money with each btc mined so you also need to have lots of money in order to afford that...


(I'm not saying eth is better than btc, just that they are equally shit

POW is just POS with extra steps