towards the end of Aug maybe?

The "NWO" would want to control issuance of this global currency. Bitcoin has no central issuance. Mining is becoming semi centralised I suppose but the current system of global central banking would be better than bitcoin for global monetary control. IMF issued SDR's may be the forerunner to a global currency controlled by the IMF and that would be more along the lines of a NWO system.

thanks

Mt gox maybe?

More than 10% at present

Is there any actual value in mining using the primecoin method when compared to sha256? Is it a superior mining protocol?

Is it easy to transform a script coin like litecoin into a sha 256 through a hard fork?

Ive got some innovative ideas for an altcoin but dont know if they realistically doable. How do you find good developers that may be interested?

what does reserved mean?

id use it

but when the exchange rate goes too strong how do you bring it back down to a good level while maintaining difficulty up? you want max difficulty with a stable xrate too.

I understand that you have to take into account multiple factors to create stability. Thats why I wouldnt mess with the bitcoin model much and just add whats needed to implement xrate targeting if possible

Is anyone interested in setting a date for the next meetup at all?

im not proposing a peg im proposing a targeting regime

but most peers wont support an incorrect input (multiple incorrect inputs at same time would be equivalent to a 51% attack), also one incorrect input doesnt undermine the system because the xrate for coin release could be the average of 90 days for example, plus there is a maximum velocity or inflation.

The problem with tracking difficulty is that if you release coins according to difficulty you create an imblanced system where your encouraging more and more miners to mine without sufficient overall adoption of currency. I think there needs to be a balance between mining and broader use of the currency by non miners.

Adjust coin release according to xrate not fed print policy . Fed printing policy isnt what determines the value of USD alone, its a key an element in the equation.

is there a way of entering the data in a secure way? manually or in some other way?

why would it be an attack vector if entered manually?

The coins can be exchanged at any rate anyone chooses, all I propose is that when the currency is too strong (as observed from a currency exchange for example) you expand the coin supply to target stability in the exchange rate. Avoid deflation and deflation by targeting stability.

the observed market price is what miners place into the blockchain, its not replacing a market price its conveying it into the network

like say the x rate is 1.50, cant the miners just put that in the blockchain? its not in their interest to report incorrect numbers as it will undermine the currency system in which they ar invested in

the thread has a little life in it, most exchanges are reliable enough and you dont need to reference an exchange initially anyway for coin creation policy