The easiest way to define money is as a value-exchange. It's the denominated amount of a widely circulated currency (gold, currency, BTC) for which one party is willing to trade for a set amount of goods, services or labor to a counter-party. The difference between currency and "hard coin" is that currency has zero intrinsic value. Gold has intrinsic value, so does BTC. Even labor goods and services have intrinsic value. The problem for BTC in general is that since the public can't hold it in their hands, and because it's only existed for a short period of time, to them it has no intrinsic value.

From RT.com:

Republican presidential nominee Donald Trump has described the US economy as “false,” saying that the central banking system is intentionally keeping interest rates low to prevent a new economic collapse.
“We have a very false economy,” Reuters reported Trump as saying in answering to a journalist’s question while campaigning in Ohio on Monday.

“They’re keeping the rates down so that everything else doesn't go down,” Trump added in response to the question, which was about a possible rise in interest rates by the Federal Reserve this month.

“At some point the rates are going to have to change,” Trump said. “The only thing that is strong is the artificial stock market.”

The ideas on rebuilding the US economy offered by the billionaire in an interview to Fortune magazine in April have been dubbed as questionable by some, while others argue that his approach may work out just fine.

“We have to rebuild the infrastructure of our country. We have to rebuild our military, which is being decimated by bad decisions. We have to do a lot of things. We have to reduce our debt, and the best thing we have going now is that interest rates are so low that lots of good things can be done – that aren’t being done, amazingly,” Trump said back in April.

Meanwhile, Democratic presidential frontrunner Hillary Clinton has not been so radical in her future plans concerning the US economy. However, she promised to support a shakeup in the top ranks of the Federal Reserve in an effort to increase diversity and minority representation within the Fed, Clinton’s campaign said in a statement back in May.

“The Federal Reserve is a vital institution for our economy and the wellbeing of our middle class, and the American people should have no doubt that the Fed is serving the public interest,” the statement said.

“That's why Secretary Clinton believes that the Fed needs to be more representative of America as a whole and that common sense reforms – like getting bankers off the boards of regional Federal Reserve banks – are long overdue.”

The Fed is currently headed by a board of governors based in Washington along with a dozen regional bank presidents spread across the US. The board is nominated by the White House and then approved by the Senate. Regional bank presidents, on the other hand, are chosen by their boards of directors, which are chosen by the banking industry and by Washington Fed governors.

Whatever you think about Trump, I think most people on this board would agree w/ Trumps views here. The Fed has funded an estimated 1,200 trillion dollars in derivative contracts while the actual amount of cash circulating in the US is closer to $1.5 trillion. What happens when there's not enough cash in the system to cover those liabilities? Plus, corporate debt is exploding and all they're doing with that capital is buying back their own stock instead of funding capital investment.

I'd like to brainstorm ways of making hashing a more power efficient process. I realize superior cooling helps reduce power consumption on mining rigs, but is there any way to hard code power efficiency into an altcoin? I know the type of cryptology employed in the altcoin makes a big difference, but is there a way to make GPU processing operate at a percentage of its full capacity or will altcoin miners always operate at 100% speed?

My thought was that if you could peg all GPUs mining a specific altcoin at 10% of reference clock speed or at a preset speed that this would cause people to invest in cheaper, simpler and more power efficient GPU rigs since the added benefit of using more expensive GPUs moot. There are probably hardware modding ways to get around this though.

Does anybody have additional thoughts about how to enforce more power efficient mining across new altcoin?

Couldn't they use an "anonymous" coin like Monero to do this sort of BTC laundering?

When you say "will not allow", what do you mean by that? If cryptocurrency overcomes it's obstacles and is able to replace fiat currency, the government will do what exactly?

Hi all -

I've got an idea that I think might work to end Federal Reserve dominance as we know it and give legitimacy to Bitcoin and cryptocurrency in general. I'm in need of development assistance to get it off the ground. I'm looking for:

- An expert in altcoin development and (hopefully) cryptography systems.

- Developer that has experience working with baking software or the Open Banking Project (https://openbankproject.com).

- Hardware specialist with experience in network security.

- Up to five dedicated Altcoin miners that live in or are proximal to the State of Oregon.

You must be able to conference via Skype at least once per week and be willing to work (at least initially) on Altcoin/BTC contingency. If interested, please send me a PM with your contact details and relevant experience.

Thanks for your time and interest!