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1  Economy / Economics / Why bitcoin cash (BCH) is a poor idea. on: April 25, 2018, 04:43:44 PM
The main idea behind BCH is that they are going to allow as many transactions as possible to allow micro-transactions to take place for a low fee.   They use ideas like Moores Law that says hard disk space can increase to cover all transactions forever (although there is no proof). The coin will become centralized over time possibly running on maybe 1000 servers or less. 

The reason why it is a poor idea is it will become too costly to do spinoffs.  Bitcoin has already had 2 code changing ideas, the lightning network and  segwit.  Imagine over time, leaders of BCH are going to come up with more ideas.  But, unlike spinoffs, you are going to be locked into the BCH system because it will be too costly and complicated to move. Governments will start to takeover these networks.   And if it is not government it will be pseudo government entities like large mining pools or icons like Roger Ver.  Small miners might be locked out altogether.

If BCH is going to become centralized, why not just use a fee-less centralized system with off-chain transactions.  https://www.fliptopay.com/ . I noticed this site.  Basically you transfer bitcoin to a centralized wallet.  From there you have virtual bitcoin and can convert to USD or Euros.  There you can use the currency at any android pay store.  Note this is not fee-less, but it easily could have been.  blockchain.info wallet is basically off-chain.  All transactions on these type of sites, between its users and stores, are off-chain, and take zero space or fees on the chain.  Yet they work instantaneously.

The true value of bitcoin can be considered the bitcoin complex.  If you own bitcoin in 2016, you now own several coins BCG, BCH, BCD, BTC, ...  All these coins together can be considered the bitcoin complex and it is this total value is what you should compare to the dollar.  I would actually like to see a coin that ends mining rewards and cuts the block size by 90%. To make the coin more like Island of Yap stone money where transactions are rare.  Where people are not digging gold out of one hole and putting it in another hole the bank vault.  Where the average person makes one transaction per year.

Just a rant and didn't know where to put it (other than my nose).
2  Bitcoin / Electrum / Who pays to create a wallet and store wallet on blockchain? on: January 08, 2017, 06:39:58 PM
They say the wallet is stored on the blockchain.  When you create a wallet, there are no fees.  Who pays for this?  Also this wallet is created instanteously.  Thus, your wallet must be on a centralized server of electrum?
3  Bitcoin / Bitcoin Discussion / Andresen and Ver wrong about bitcoin. on: December 27, 2016, 05:24:30 AM
Both these guys want to see the block size increase, yet they do not have to pay for it. Despite their negativity bitcoin has risen from $200 to $900, why?  Because bitcoin does not have to be used in daily small transactions.  First governments will not allow it.  The medium of exchange of the world is the USD.  It will remain the medium of exchange as long as inflation is less than 10% a year.  At that point people will move to the lastest new currency, probably the Euro.   Let them pay for all the new fancy paper with pictures of old men and women on them.  The transactions per second will never be enough.  You are delaying the inevitable.  

You go to ebay, amazon, or alibaba they accept the dollar.  They need to accept the dollar for taxes anyways.  Send 1 bitcoin to paypal and you have $900 in store credit.  You prevent the government from benefiting from the inflation.  Over a year your $900 will lose about $50 in purchasing power.  To save $500 more people will use bitcoin, those that don't will see their bank accounts confiscated by debtors and deficit spending.  You have to use bitcoin you have no choice.  Using bitcoin in daily transactions should be discouraged as many city governments need sales taxes to build the roads, build parks, and protect the streets.  Bitcoin should not be used in daily transactions.

Isn't the important thing that bitcoin goes up?
4  Other / Off-topic / Tesla Van leaked on: October 11, 2016, 10:31:13 AM
Tesla Motors CEO Elon Musk revealed a large van to the Tesla lineup today called the Tesla J - code name Jackrabbit.  The large vehicle will compete with the Mercedes "sprinter", Nissan NV, Ram Promaster, and the Ford Transit vans.  The vehicle is expected to capable to be used to transport cargo, seat 20 passengers, or be used as conversion recreational vehicle. The interior roof height will be 75 inches, width 55.9 inches at the wheel well and 75 inches at the side panel.  Unlike the competitors the initial jackrabbit will only come in one size, 150 inch wheelbase, cargo length of 12 feet 6 inches or 150 inches, and overall length 240 inches.

Solar will be pre-installed on all vans, however there will be light solar and full solar that covers even the side, rear, and hood areas.  Even on the sides you can generate good power, Musk states. Front, rear, and side collision avoidance technology will be use to make the vehicle safest in the category. Using state of the art photovoltaic technology, the array will generate from 1.5 to 3.2 kW of power. This can be increased to 6.9 kw with optional trailer which exactly carbon matches the dimensions of the cockpit/coach. Musk claims the trailer is really exciting as it is a complete empty box than can also be used with the X, S, and 3 models.  Winnebago is working with Tesla to further increase size and solar with various pull-out options.  However, all class-B manufactures expected to use the Tesla chassis for their own RVs.

Musk claims in order for the country to compete with Chinese and India we have to figure a way to lower the cost of living.  We don't need tariffs we need to get our own act together. As an example Tesla employees in Sparks will be given a free boondocking spot with restroom and showers.  We plan to hire many employees at minimum wage who will live like kings since they will be paying little land rent.  Some people with 10 kw arrays will not even have to refill at a charge station as they will get over 50 mile daily range.  300 kwh battery systems will propel the vehicle for up to 500 miles.  Some models might have 1200 mile ranges. 0-60 times with full battery and trailer never expect to exceed 7 seconds.  The jackrabbit alone will hit sub 3 second speeds.

People will have bathtubs, heated water, water via air technology, 100% water reuse, solid waste incineration, incinerating toilets, beds, bathtubs, refrigerators/freezers, induction and convection stoves, 50 inch 4K TVs, microwaves, washer/dryer, heat pumps, as options.  Energy is everything Musk states, with energy, solar, and electric cars you don't need anything else.  "Some people might even have greenhouses to grow food." blasts Musk.  There will be no gray or blackwater water tanks, optional trash disposal, and no hook-ups.  Even the LTE broadband will choose the best available network and even use satellite in remote areas if needed.  Ash will be released by computer (in areas that allow it) or sold to help re-fertilize the land, the vehicle can even refill with salt water if available. 

Cost for basic van will be in the range of $109,000 with $67,000 for the extended trailer.  Musk notes even the basic package will be better than most RVs.  Musk or his sons plan to live in the jackrabbit for a year on his property.  Orders will take place early 2017.  They are also considering a $35,000 barebones jackrabbit.
5  Other / Politics & Society / Thought of a Bush or Clinton being president again makes me want to throw-up on: December 19, 2014, 08:05:52 AM
As soon as Bush was accused of overseeing torture and Clinton who said she interviewed the women that supposedly cheated with her husband and didn't believe them.  Now these idiots of these families want to be president again.  Hillary looks about 10 years younger, wonder if she got some work done the last few months.  Republicans are back to their old Abramoff tricks.  Seems they don't think we want change.  Yes we want change we want the likes of Reagan, Bush, Clinton, Obama to walk or to enter any area east of the Mississippi again.

We need a new path David Stockman, Rand Paul and that is about it.
6  Economy / Economics / Russian Ruble drops 12% in one day. on: December 15, 2014, 10:23:25 PM
Russian Ruble over the past 100 years or so has lost 10 to the 14th power in purchasing power.  CNBC says the oil companies are issuing debt and buying dollars with it.  The only problem is our central bank is not that honest either.  This is the big plus for bitcoin.  Bitcoin is limited to 21 million coins.   All  bitcoin needs is more or the same number of users than last year.  The ruble also shows the failure of gold and silver backed currencies.  Through most of its history the ruble was gold and silver backed.  The reality is those pegs or exchange rates can be changed when the government or banks need money.  The only true gold currency is gold itself.

In June the number of rubles per dollar was 34.  Today it hit 65.6.  Thus Russia is in a period of hyperinflation, a 100% inflation rate over a year.  Hyperinflations are not something to hurt your neighbor with many Russians are losing their life savings and when that happens it can lead to evil like Adolf Hitler.

Furthermore for the U.S. to compete worldwide, they may have to cut wages which is not going to happen.  Thus, there could be problems in the U.S. especially when many are considering raising the minimum wage next year.

Any comments?
7  Other / Politics & Society / If government takes taxes by force, can we force them to work. on: December 01, 2014, 12:32:10 PM
If you look at the profits of the average corporation, the government gets about $10 in free money for every $1 the shareholders get.  Fine.  However I think we should make them (teachers, professors, recipients of government cash) cut brush or work in nursing homes and average of 20 hours a week.  Can you imagine Obama and Biden actually doing work?  That would be laughs.

https://www.youtube.com/watch?v=IpqYHGANVYA
8  Alternate cryptocurrencies / Altcoin Discussion / Best year over year price change in coins. on: November 29, 2014, 06:17:04 AM
You can find this info from coinmarketcap.com  note almost all coins are related to bitcoin (except bitcoin which is related to the $).  I guess it has been a pretty horrible for all these inflation coins.  Click on the coin and look at the 365 day chart find the beginning and end price by highlighting the coin.

November 28th, 2013 - November 28, 2014 bold up in price
bitcoin $973.13 $366.21
ripple .0000276 .0000355
litecoin .0369 .00963 ouch
peercoin .00601 .00201
feathercoin .000576 .0000772 ouch
quark .000161 .0000135 ouch
primecoin .00574 .000373 ouch
ixcoin .0000988 .000104
novacoin .0242 .00183 ouch
infinitecoin .00000011 .00000001 ouch
NXT .0000008 .0000520 = 65x however on December 30, 2013 it was around .0000976 and has dropped about 50% since then.

ripple, NXT, and ixcoin are the only 3 that have increased relative to bitcoin.  The reason is they are deflation coins.  The future are deflating coins.

No block reward
Delete the transaction fee
POS or merged mined.
100% premine sold on the exchange.






9  Other / Politics & Society / Why you should be against free education. on: November 24, 2014, 09:11:59 PM
Consider the story 5 little pigs, it is about the same as the 3 little pigs but the 4th pig is a government worker pig that puts a massive rent (property tax) on the land forcing the two pigs living it up in town to get back to work on their straw and wood houses to pay the tax. The 4th pig also has the best house in town. The 3rd pig can't afford bricks so he starts to use cheaper unreinforced cement. The 5th pig is homeless he gave up paying the property tax he could not afford it or the rent.

Now the story goes to Hitler.  Hitler actually had no interest in government and actually had jews as friends. Hitler was actually a very good painter however he applied to Art school and was denied twice.  He ended spending 5 years either homeless or living in shelters.  He was then sent to war and was actually a war hero in World War I.   He came back an angry man.

Was the violence the fact that he was denied entrance to art school?  The only violence that could occur if the school did not pay property tax or got government funding of any sort or got privy to government jobs.  The only violence that was put on Hitler was that he was forced to live on the streets and pay rent and property tax to the state.  A legitimate school would accept anyone that could pay them to enter and meet the prerequisites of the class.  

Imagine if Hitler had a free piece of land in which to live.  He did sell some paintings and he also was interested in architecture.  He most likely would have found something he could have sold.  From there he could have learned from other artists for free. However, it was the property and inflation taxes to support the schools which he was denied access that hurt him.

In summary end all government funding of schools past 18 years, otherwise imho you support and cause the rise of tyrants.
10  Bitcoin / Bitcoin Discussion / bitcoin deletion project. 21 million to 20 million. on: November 19, 2014, 07:23:26 AM
I came up with the idea of capital coins.  However, I think you can boost the price of bitcoin if you attempt to delete 1 million coins.  Many have already been lost.  If you can get the large and new businesses to delete 1% of their coins, maybe over a year we can get to 20 million total supply while the price is cheap.  Maybe set up a mining pool to delete transaction fees, and only accept transactions with a fee attached.

A business might have a 5,000 BTC profit
1,000 btc a year would go to deletion
4,000 btc distributed to shareholders.

If you add those lost and those intentionally deleted, we could get to 20 million.  Deflation and austerity will lead to growth, as it always does.  As opposed to inflation, money supply growth, and hyperinflation which leads to tyranny. 
11  Bitcoin / Bitcoin Discussion / Bitcoin Deletion Foundation - save humanity. on: September 10, 2014, 12:02:35 PM
What I want to do is create a foundation larger than the Bill and Melinda Gates Foundation.  This foundation presently has about $20 billion in assets.  The Giving Pledge is a campaign to encourage the wealthiest people in the world to make a commitment to give most of their wealth to philanthropic causes. The campaign specifically focuses on billionaires (or those who would be billionaires if not for their philanthropy) and was made public in 2010 by Warren Buffett and Bill Gates.

What I want this foundation to do is one thing and one thing only (and it will probably do more humanity than any foundation to date) buy and delete bitcoin.

Thus with $20 billion you probably could delete 3 million in coins a year, until the price rises creating a massive deflation.  Like the Dutch Golden Age when the Amsterdam bank operated as a full reserve bank leading to a little country leading the world in everything.  Bitcoin will rise to the worlds reserve currency.  Deflation is the key you want people getting wealthier holding a currency so they can take equity positions as choice as oppose to bankers loaning fixed securities of others peoples money as government dictates.  The middle class will rebuild and the lawyers, bankers, politicians, and professors will lose their power to make us their slaves.

If bitcoin were to fail, the assets would transfer to the next highest cryptocurrency coin by marketcap for deletion.
12  Alternate cryptocurrencies / Altcoin Discussion / How to fix ppcoin or peercoin on: September 07, 2014, 01:41:59 AM
No offense the coin is extremely dull.  

However to fix it, end the POS reward and POW reward and send 1/2 transaction fee or the full fee to miners/stakers.  Test to see if the large owners protect the coin since they own a lot.  I do love the small blockchain size.
13  Alternate cryptocurrencies / Altcoin Discussion / Capital Crypto-Coins the end of bitcoin. on: September 03, 2014, 10:46:32 AM
Why Bitcoin will fail.

Bitcoin is backed by nothing and eventually a new cryptocoin coin based on productive assets will come along and displace it.  Bitcoin was created with work the same way a hamster riding on a wheel creates work, once the hamster gets off the wheel you have nothing.  Bitcoin represents no wealth. It may have value as a collectible, but the value of that long-term is unknown. 

Consider bitcoin is priced at about $500 per coin.  Now suppose we had a cryptocurrency based on gold as Max Keiser recommends at $500 a coin.  It would not really matter, it will still be based on faith the gold is there.  As has been shown, gold always and eventually fails as a currency as leaders eventually cheat on the gold backing. Gold as a nations currency has a 100% failure rate. Bankers can even go into the vaults if unaudited daily and use some of the gold for a summer vacation or a new house.  They can always issue too much debt or the government can shave or debase coins. However, gold as a metal commodity has never failed.

The U.S. dollar is only used because you have to use it.  Social security checks, welfare checks, government jobs, and all stores depend on it.  The government requires its use and no one would use it otherwise. Bitcoin is not subject to this tyranny. All government fiat is used for a specific geographic area. The M2 money supply has been increasing by about 6% annually since 1980 (http://research.stlouisfed.org/fred2/data/M2.txt). Even before 1971 the U.S. dollar lost about 80% of its value. The United States learned a hard lesson in 1929, even though you are on a gold standard all the gold is not necessarily there to back the money supply.

Presently there is another asset worth about $539, it is called Autozone stock AZO. AutoZone is the second-largest retailer of aftermarket automotive parts and accessories in the United States, Founded in 1979, AutoZone has over 5,200 stores across the United States, Mexico, and Brazil.   But there is something really unique about Autozone as a stock, it has no assets. Its book value has been negative for over 5 years.  It pays no dividend.  But why does it have value?  Earnings and positive cash flow.  It is the brain child of Eddie Lampert who does not even own the stock anymore.  All virtually all earnings and debt not used for growth was used for buybacks or stock repurchases.  AZO began the century at about $26 (see appendix below). Thus the stock has increased 20 to 1 or a 20 bagger.  Today sometimes you hear in the investment world the stock is going to go Autozone on you.  Meaning doing everything to do massive repurchases.  The danger is if anything happens to AZO earnings stream it will go bankrupt.  Even though bitcoin or any currency has zero assets, it still has more assets than Autozone.

Now consider a cryptocurrency (call it Capital Coin) that instead of $500 of nothing or gold, owns $500 or more of productive assets per coin.  Furthermore the legal owners of these assets are in a country that pays no investment taxes.  Suppose you buy $500 worth of a coin and it goes into Iowa farmland, or even 100% in a stock like Coca Cola KO.  Now take the profits of this $500 a use it to buy Capital coin, send it to an void address, and destroy it.  Coca Cola presently pays a 3.1% dividend.  Just destroy 3.1% dividend of capital coin a year.  There would be paper trail to see the coin was destroyed.  If bitcoin with a market cap of $6 billion held only KO it would be the 4th largest shareholder of KO.

Rather than have $500 of nothing, invest the $500 in a stock or business.  Destroy the coin of capital Coin with the profits.  Use high transaction fees to protect the coin and keep blockchain small like peercoin. We should be able to make productive investments to earn and destroy 10% annually on our investments.  There is also a lot we can do with those investments, we could own billboards, television stations, we could even allow you to rent land at low rates and destroy the rent in the coin.  Thus you might rent 10,000 square feet of land for $50 U.S. equivalent annually.  The only thing is the rent goes down 10% a year.  So you have a nestegg of 30 coins and the rent is .1 CC. You have at least 300 years not to worry about rent.

Sales tax is often 10% in the United States.  If we collect a 2% tax and destroy 1% and 1% to the miners. It would add more value to the coin and keep the blockchain small. Capital coins will be where you save like you should in a currency, as it was meant to be, that is truly INCREASING in value.  Currency is suppose to increase in value, it is suppose to represent commodities, and represent things of value.  It is not suppose to be a fantasy used to give government employees a big fat raise and summer vacation.

In summary which would you rather own:

Money Supply Growth Rates:
=================================
German Mark: Infinity
Zimbabwe Dollar: Infinity
Argentine Peso: 20%
U.S. Dollar: 6%
Euro: 4%?
Gold: 1-2%
Bitcoin: 0% (presently 9%)
Capital Coin: -10%

The answer is obvious a capital coin. This should put the nail in the coffin of the Euro and Dollar and all currencies controlled by professors, bankers, politicians, and lawyers.  In his book stocks for the long run, Jeremy Seigel made a graph of investments.  These are real returns of $1 invested in 1802 after inflation from 1802 to 2006.  I added my estimates bitcoin and capital coin.  I also added German Mark and Russian Ruble.

German Mark $0
Russian Ruble $10E-14
U.S. Dollar $0.06
Gold $1.95
Bitcoin $100
Bills $301 (dead)
Bonds $1083 (dead)
Stocks $755,163 (last hope of liberals to completely raid they got about 80% of it so far).
Capital Coin $2,000,000

Can bitcoin become a capital coin?  I think so if new capital coins donate 1% of the deletion of bitcoin.  Or people who create bitcoin businesses donate 1% of profits to the deletion of bitcoin.  You might even see secret societies popping up around the coins. So instead of the coins you typically see, you will start to see new coins like:

Iowa farmland Coin
Coca Cola Coin
Autozone Coin
Crowdfunding Coin
Gold Mining Coin
Dog Kennel Coin
NY Rent Coin
Berkshire Coin (10% of value deleted every year)
Gas Station Coin
Ethanol Coin
Fishing Boat Coin

Autozone Stock
shares (MM)-Price
2013 034.3 $477
2012 037.0 $357
2011 040.1 $327
2010 045.1 $273
2009 050.8 $159
2008 059.6 $137
2007 064.9 $120
2006 071.3 $115
2005 076.6 $92
2004 079.8 $91
2003 088.7 $85
2002 099.3 $71
2001 109.4 $67
2000 121.5 $28
1999 144.4 $32
1998 152.3 $33

I would like to be known as the godfather of capital cryptocurrency coins (CCC).  As a capital coin is being bought with dollars, there will always be a buyer, you will not need to promote the coin.  The lower the coin goes the more will be bought back.  A committee that runs these capital coin funds should be allowed to use 10% of the profits (coins that are to be destroyed) to run and maintain the system.  Bitcoin can still be used as the base coin to buy all your goods online.  Just a simple BTC-CCC exchange and it could all be done automatically like BTC is done with the dollar.


Welcome to capital coin, are you in?
When in doubt delete - capital coin.

Recommended Reading
Progress and Poverty - Henry George (capital definitions)
Stocks for the Long Run - Jeremy Seigel
100 to 1 in the Stock Market - Thomas W. Phelps
Global Stock Valuation - Mebane Faber https://www.youtube.com/watch?v=B1RhAWzUCsc

14  Alternate cryptocurrencies / Altcoin Discussion / A new better bitcoin - capital coin on: September 03, 2014, 09:29:36 AM
Why Bitcoin will fail.

Bitcoin is backed by nothing and eventually a new cryptocoin coin based on productive assets will come along and displace it.  Bitcoin was created with work the same way a hamster riding on a wheel creates work, once the hamster gets off the wheel you have nothing.  Bitcoin represents no wealth. It may have value as a collectible, but the value of that long-term is unknown.  

Consider bitcoin is priced at about $500 per coin.  Now suppose we had a cryptocurrency based on gold as Max Keiser recommends at $500 a coin.  It would not really matter, it will still be based on faith the gold is there.  As has been shown, gold always and eventually fails as a currency as leaders eventually cheat on the gold backing. Gold as a nations currency has a 100% failure rate. Bankers can even go into the vaults if unaudited daily and use some of the gold for a summer vacation or a new house.  They can always issue too much debt or the government can shave or debase coins. However, gold as a metal commodity has never failed.

The U.S. dollar is only used because you have to use it.  Social security checks, welfare checks, government jobs, and all stores depend on it.  The government requires its use and no one would use it otherwise. Bitcoin is not subject to this tyranny. All government fiat is used for a specific geographic area. The M2 money supply has been increasing by about 6% annually since 1980 (http://research.stlouisfed.org/fred2/data/M2.txt). Even before 1971 the U.S. dollar lost about 80% of its value. The United States learned a hard lesson in 1929, even though you are on a gold standard all the gold is not necessarily there to back the money supply.

Presently there is another asset worth about $539, it is called Autozone stock AZO. AutoZone is the second-largest retailer of aftermarket automotive parts and accessories in the United States, Founded in 1979, AutoZone has over 5,200 stores across the United States, Mexico, and Brazil.   But there is something really unique about Autozone as a stock, it has no assets. Its book value has been negative for over 5 years.  It pays no dividend.  But why does it have value?  Earnings and positive cash flow.  It is the brain child of Eddie Lampert who does not even own the stock anymore.  All virtually all earnings and debt not used for growth was used for buybacks or stock repurchases.  AZO began the century at about $26 (see appendix below). Thus the stock has increased 20 to 1 or a 20 bagger.  Today sometimes you hear in the investment world the stock is going to go Autozone on you.  Meaning doing everything to do massive repurchases.  The danger is if anything happens to AZO earnings stream it will go bankrupt.  Even though bitcoin or any currency has zero assets, it still has more assets than Autozone.

Now consider a cryptocurrency (call it Capital Coin) that instead of $500 of nothing or gold, owns $500 or more of productive assets per coin.  Furthermore the legal owners of these assets are in a country that pays no investment taxes.  Suppose you buy $500 worth of a coin and it goes into Iowa farmland, or even 100% in a stock like Coca Cola KO.  Now take the profits of this $500 a use it to buy Capital coin, send it to an void address, and destroy it.  Coca Cola presently pays a 3.1% dividend.  Just destroy 3.1% dividend of capital coin a year.  There would be paper trail to see the coin was destroyed.  If bitcoin with a market cap of $6 billion held only KO it would be the 4th largest shareholder of KO.

Rather than have $500 of nothing, invest the $500 in a stock or business.  Destroy the coin of capital Coin with the profits.  Use high transaction fees to protect the coin and keep blockchain small like peercoin. We should be able to make productive investments to earn and destroy 10% annually on our investments.  There is also a lot we can do with those investments, we could own billboards, television stations, we could even allow you to rent land at low rates and destroy the rent in the coin.  Thus you might rent 10,000 square feet of land for $50 U.S. equivalent annually.  The only thing is the rent goes down 10% a year.  So you have a nestegg of 30 coins and the rent is .1 CC. You have at least 300 years not to worry about rent.

Sales tax is often 10% in the United States.  If we collect a 2% tax and destroy 1% and 1% to the miners. It would add more value to the coin and keep the blockchain small. Capital coins will be where you save like you should in a currency, as it was meant to be, that is truly INCREASING in value.  Currency is suppose to increase in value, it is suppose to represent commodities, and represent things of value.  It is not suppose to be a fantasy used to give government employees a big fat raise and summer vacation.

In summary which would you rather own:

Money Supply Growth Rates:
=================================
German Mark: Infinity
Zimbabwe Dollar: Infinity
Argentine Peso: 20%
U.S. Dollar: 6%
Euro: 4%?
Gold: 1-2%
Bitcoin: 0% (presently 9%)
Capital Coin: -10%

The answer is obvious a capital coin. This should put the nail in the coffin of the Euro and Dollar and all currencies controlled by professors, bankers, politicians, and lawyers.  In his book stocks for the long run, Jeremy Seigel made a graph of investments.  These are real returns of $1 invested in 1802 after inflation from 1802 to 2006.  I added my estimates bitcoin and capital coin.  I also added German Mark and Russian Ruble.

German Mark $0
Russian Ruble $10E-14
U.S. Dollar $0.06
Gold $1.95
Bitcoin $100
Bills $301 (dead)
Bonds $1083 (dead)
Stocks $755,163 (last hope of liberals to completely raid they got about 80% of it so far).
Capital Coin $2,000,000

Can bitcoin become a capital coin?  I think so if new capital coins donate 1% of the deletion of bitcoin.  Or people who create bitcoin businesses donate 1% of profits to the deletion of bitcoin.  You might even see secret societies popping up around the coins. So instead of the coins you typically see, you will start to see new coins like:

Iowa farmland Coin
Coca Cola Coin
Autozone Coin
Crowdfunding Coin
Gold Mining Coin
Dog Kennel Coin
NY Rent Coin
Berkshire Coin (10% of value deleted every year)
Gas Station Coin
Ethanol Coin
Fishing Boat Coin

Autozone Stock
shares (MM)-Price
2013 034.3 $477
2012 037.0 $357
2011 040.1 $327
2010 045.1 $273
2009 050.8 $159
2008 059.6 $137
2007 064.9 $120
2006 071.3 $115
2005 076.6 $92
2004 079.8 $91
2003 088.7 $85
2002 099.3 $71
2001 109.4 $67
2000 121.5 $28
1999 144.4 $32
1998 152.3 $33

I would like to be known as the godfather of capital cryptocurrency coins (CCC).  As a capital coin is being bought with dollars, there will always be a buyer, you will not need to promote the coin.  The lower the coin goes the more will be bought back.  A committee that runs these capital coin funds should be allowed to use 10% of the profits (coins that are to be destroyed) to run and maintain the system.  Bitcoin can still be used as the base coin to buy all your goods online.  Just a simple BTC-CCC exchange and it could all be done automatically like BTC is done with the dollar.


Welcome to capital coin, are you in?
When in doubt delete - capital coin.

Recommended Reading
Progress and Poverty - Henry George (capital definitions)
Stocks for the Long Run - Jeremy Seigel
100 to 1 in the Stock Market - Thomas W. Phelps
Global Stock Valuation - Mebane Faber https://www.youtube.com/watch?v=B1RhAWzUCsc

15  Alternate cryptocurrencies / Altcoin Discussion / Idea for new type of coin a pegged coin. on: January 04, 2014, 11:15:19 AM
rather than starting a new coin.  Have a coin that is 100% premined, however the coin ends after a period of 5 years.  On an exchange say btc-e have a fixed exchange rate for the coin.  The coin could also have a 1% sales tax (deleted), where the exchange rate adjusts for the pegs outstanding.  Thus you might get back 2 bitcoins for every 1000 bitcoinpegs after 4 years.

1000 dogecoin = 1 dogeshit coins.
1 bitcoin = 1000 bitcoinpegs

The main purpose is to get all the transactions off the main blockchain.  Then 2nd main purpose is to give the coin a more uniform exchange rate where 1 peg = $1 or 1 euro.
 

16  Alternate cryptocurrencies / Altcoin Discussion / Why IOC is better than IXC, BTC, NMC, LTC on: December 20, 2013, 03:36:42 AM
Seems they have lowest inflation of them all, no more major payouts to about 100 top miners.  note I made the table about 1 year and half ago.

Date   Block   Coins   Inflation   Reward   Coins per day      
=====================================================                     
I0C - 90 sec per block, retarget every 120 blocks or every 3 hours, 960 a day                     
12/11/11   150639   7230672   233%   48   46080      
2/20/12   218799   10500000   80%   24   23040      
9/30/12   437339   15750000   27%   12   11520      
5/12/13   656859   18375000   11%   6   5760      
12/21/13   875399   19687500   5%   3   2880      
8/1/14   1093939   20343750   3%   1.5   1440       
3/12/15   1312479   20671875   1%   0.75   720      
=====================================================                     
IXC - 10 minutes per block, retarget every 144 blocks or every day                     
12/18/11   42360   4066560   124%   96   13824       
2/25/15   210120   20171520   13%   48   6912      
6/26/15   227544   20996402   0%   0   0      
=====================================================                     
BTC - 10 minute blocks, retarget every 2016 blocks, 2 weeks                     
1/3/12   160370   8018500   33%   50   7200      
12/13/2012   210050   10500000   13%   25   3600      
12/13/2016   420434   15750000   4%   12.5   1800      
12/13/2020   630818   15960012.5   2%   6.25   900      
=====================================================                     
NMC - 10 minute blocks, retarget every 2016 blocks, 2 weeks                     
1/3/12   36202   1810100   145%   50   7200      
4/24/2015   210010   10500000   13%   25   3600      
4/24/2019   420394   15750000   4%   12.5   1800      
4/24/2023   630778   15960012.5   2%   6.25   900      
=====================================================                     
LTC - 2.5 minute blocks, retarget every 2016 blocks,  3.5 days                      
1/3/2012   60679   3033950   346%   50   28800      
9/17/2015   840007   42000000   13%   25   14400


Current Block 12-19-2013
Bitcoin 275,978
Namecoin 152,378
I0coin 989,274
Ixcoin 178,905
Litecoin 482,145
      
17  Bitcoin / Bitcoin Discussion / Potential massive new use for cryptocurrencies - seed money to businesses. on: December 03, 2013, 09:12:06 PM
To provide seed, crowd-funding, and a pseudo equity position for businesses.  I remember reading a Warren Buffett letter to shareholders once in which he offer those attending the annual meeting a discount on Geico auto insurance.   He was offering a  discount to stockholders of a company.  Suppose the company was generating 10% profit per policy, however the policies to shareholders only offered 2% profit.  You as a shareholder would have to use less after income after tax to buy a product.  The company would pay less corporate income taxes.

What if bitcoin offered to fund a business for $5000 worth of bitcoins.  In return all users that pay in bitcoin for the site get a 10% discount on products permanently.  Say the average profit margin is 10%.  Thus acting as a community we can crowdfund businesses and get a permanent tax free dividend of lower prices.

Pay With Bitcoin
10% discount

18  Alternate cryptocurrencies / Altcoin Discussion / What new coins have been created in the last month? on: November 27, 2013, 02:19:59 PM
We need some low inflation coins.  but I was wondering what coins have been created to get in on the ground floor?
19  Alternate cryptocurrencies / Altcoin Discussion / How about an IOC and IXC website or websites. on: November 27, 2013, 01:30:29 PM
Seems these low inflation coins should have their own and many websites.
20  Alternate cryptocurrencies / Altcoin Discussion / IOC and IXC low inflation coin daily news on: November 18, 2013, 04:53:33 AM
Maybe we should have daily news on these wonderful coins set to replace bitcoin?  Any thoughts.  Yes, I am pumping them I missed the bitcoin boat.
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