Bitcoin Forum
October 01, 2025, 03:07:27 PM *
News: Latest Bitcoin Core release: 29.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Other / Politics & Society / Re: Fuck your vaccines on: December 09, 2016, 12:32:33 AM
Many diseases disappeared without vaccination. Sanitation is the key.
2  Other / Off-topic / Brainvita, a board game for the brainy on: May 17, 2016, 12:05:08 AM
Brainvita, also called Peg Solitaire, is a single person board game. It involves moving marbles from one position to another position on the board according to rules. The objective is to have as few marbles as possible at the end of the game.

The board consists of holes(positions) which can hold marbles. All positions, except one, have marbles placed in them at the start of the game. A valid move for a marble is moving it from its position to an empty position(which is two positions away, horizontally or vertically) by jumping over a non-empty position. The marble in the 'jumped' position is removed from the board. The game ends when there is no valid move possible.

The objective is to move marbles such that at the end of the game, there are as few marbles as possible. A single marble is a perfect result.

Play Brainvita online, now!

http://timepass.appb.in/brainvita.html
3  Bitcoin / Development & Technical Discussion / Re: How to deal with 80 GB Blockchain? on: January 28, 2016, 11:24:20 AM
Blockchain needs only the 1-2 years old transactions. All the others must delete.
4  Other / Off-topic / Re: Making money by leaving your PC on? on: December 12, 2015, 06:21:01 PM
Yes, this is Proof of Switch on pc. (POSOP)
5  Alternate cryptocurrencies / Altcoin Discussion / Re: In order for a cryptocurrency to be successful in 5 years time, it must have... on: December 12, 2015, 06:13:19 PM
Fair Distribution and demurrage.
6  Alternate cryptocurrencies / Altcoin Discussion / Bitwalking dollars: Digital currency pays people to walk on: November 29, 2015, 10:58:56 AM
A digital crypto-currency has launched that is generated by human movement.
Bitwalking dollars will be earned by walking, unlike other digital currencies such as Bitcoins that are "mined" by computers.
A phone application counts and verifies users' steps, with walkers earning approximately 1 BW$ for about 10,000 steps (about five miles).
Initially, users will be given the chance to spend what they earn in an online store, or trade them for cash.
The founders of the project, Nissan Bahar and Franky Imbesi have attracted more than $10m (£6.6m) of initial funding from mainly Japanese investors to help launch the currency and create the bank that verifies steps and any transfers.


See more http://www.bbc.com/news/technology-34872563
7  Alternate cryptocurrencies / Altcoin Discussion / Re: All altcoins need this formula on: November 09, 2015, 08:34:14 PM
Quote
It wont work. In order to control the price you need to be able to reduce supply as well as increase it. This just alters inflation.

And what is the problem?

Highlighted the problem

And why is this a problem?
8  Alternate cryptocurrencies / Altcoin Discussion / Re: All altcoins need this formula on: November 09, 2015, 07:41:05 PM
I know what you mean but it won't work in cryptos. It seems that you don't understand the basic idea behind this equation.

I think it is not something impossible. I think someday all cryptos will function with this formula.

It wont work. In order to control the price you need to be able to reduce supply as well as increase it. This just alters inflation.

And what is the problem?
9  Alternate cryptocurrencies / Altcoin Discussion / Re: All altcoins need this formula on: November 09, 2015, 04:52:56 PM
I know what you mean but it won't work in cryptos. It seems that you don't understand the basic idea behind this equation.

I think it is not something impossible. I think someday all cryptos will function with this formula.
10  Alternate cryptocurrencies / Altcoin Discussion / Re: All altcoins need this formula on: November 09, 2015, 12:57:21 PM
This formula allows stable prices. Bitcoin is unstable.

This formula doesn't allow anything since Bitcoin is not backed by any economy(it's only backed by the mining cost). Bitcoins' supply doesn't have any impact on the prices of products which we buy every day.
That's why the value of 1 BTC is in the most basic form - linear function of the total supply. Prices of products are fairly constant, Bitcoin's value is the only thing that is changing.

"p = average value of the transactions, in a period of time, say a year"
P - can't be a value of the coin or transactions. It would have to be something else but there is no other thing you could use, you are linking value of Bitcoin with itself.
Since the value of Bitcoin is changing(for many reasons), the lower it will be the higher will be volume of transactions(you need more BTC to pay for sth).
BTC price=>down
p(average value of transactions)=>up
x(total supply)=>up
BTC price => down(because of the extra supply)
And we end up in an inflationary spiral. Basically every scenario you can think of ends up in a spiral unless the value of transactions is constant as it is in the original Cambridge equation. And it's pretty obvious that not all of the transactions are made for buying goods.

So we are back to our linear function: supply=>up, price of 1BTC=>down. The only solution for this I could think of is the network working as a decentralized central bank, taking informations about the price from all of the big exchanges. With hardcoded fixed exchange rates to the other currencies. And your wallet would be recalculating your amount of coins depending on the average exchange price. If you have let's say 1BTC and price went up from 200$ to 400$, amount in the wallet changes to 0.5BTC, so no matter what - you have the same amount of fiat money.


Goods or services. Whats the difference?
11  Alternate cryptocurrencies / Altcoin Discussion / Re: All altcoins need this formula on: November 09, 2015, 11:21:24 AM
It is a way to customize the cambridge equation into the cryptos.
12  Alternate cryptocurrencies / Altcoin Discussion / Re: All altcoins need this formula on: November 09, 2015, 08:34:29 AM
This formula allows stable prices. Bitcoin is unstable.

So, wich value X to Bitcoin and Litecoin could be?.  

p = average value of the transactions
y = total number of transactions

I guess that y is increased on time and therefore p too, I understand that you mentioned this to establish total supply before of launch a coin, But it is not possible because p and y are always raising.

Edit: I guess that you are trying of say same mentioned  for @Mercado:  alter blockreward amounts.


x = total coins, in a period of time, say a year
v = coins/sec, in a period of time, say a year
p = average value of the transactions, in a period of time, say a year
y = total number of transactions, in a period of time, say a year
13  Alternate cryptocurrencies / Altcoin Discussion / Re: All altcoins need this formula on: November 08, 2015, 08:20:56 PM
This formula allows stable prices. Bitcoin is unstable.
14  Alternate cryptocurrencies / Altcoin Discussion / Re: All altcoins need this formula on: November 03, 2015, 10:56:18 PM
To alter blockreward amounts.
15  Alternate cryptocurrencies / Altcoin Discussion / Re: All altcoins need this formula on: November 03, 2015, 10:17:15 PM
It is an economic theory.
16  Alternate cryptocurrencies / Altcoin Discussion / All altcoins need this formula on: November 03, 2015, 08:42:44 PM
x=k*p*y   k=1/v

x = total coins
v = coins/sec
p = average value of the transactions
y = total number of transactions
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!