I say we start trusting those who have a reputation of doing what they say. I am willing to trust you a lot more than KNC, but trust is liquid and changes with circumstance. That is why we need a decentralized reputation keeper. I will run a node at a cost to me. Will you?
The thing about trust is that you can build it until you've reached your goal. See pirateat40. He did what he said until he didn't. History is littered with examples. I just chose one that might hit closer to home for some here. The thing about trust is that trade requires it. There is no such thing as trust less transactions. It is all a matter of who to trust. Right now bitcoiners trust who ever has the best mining hardware.. That system sucks dick. I am saying why not trust the individuals with the greatest trustworthiness instead, but that is against holliday's religion I don't trust the miners. They have to solve the next block according to the protocol. If they don't, it's not accepted. Why would I? I have no idea of their goals, motivation, or transaction history. I dont even know who they are. Why would you what? Trust miners You are asking the wrong person, I just told you that I don't trust them. If I don't trust them, I'm not sure how I can tell you how (or why) to trust them. I see you dont trust the miners, but trust the protocol? is that right, to bad the miners control the protocol. They will change in to deny holliday's transactions. He is a piss ant cheerleader. |
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I say we start trusting those who have a reputation of doing what they say. I am willing to trust you a lot more than KNC, but trust is liquid and changes with circumstance. That is why we need a decentralized reputation keeper. I will run a node at a cost to me. Will you?
The thing about trust is that you can build it until you've reached your goal. See pirateat40. He did what he said until he didn't. History is littered with examples. I just chose one that might hit closer to home for some here. The thing about trust is that trade requires it. There is no such thing as trust less transactions. It is all a matter of who to trust. Right now bitcoiners trust who ever has the best mining hardware.. That system sucks dick. I am saying why not trust the individuals with the greatest trustworthiness instead, but that is against holliday's religion I don't trust the miners. They have to solve the next block according to the protocol. If they don't, it's not accepted. Why would I? I have no idea of their goals, motivation, or transaction history. I dont even know who they are. Why would you what? Trust miners |
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I say we start trusting those who have a reputation of doing what they say. I am willing to trust you a lot more than KNC, but trust is liquid and changes with circumstance. That is why we need a decentralized reputation keeper. I will run a node at a cost to me. Will you?
The thing about trust is that you can build it until you've reached your goal. See pirateat40. He did what he said until he didn't. History is littered with examples. I just chose one that might hit closer to home for some here. The thing about trust is that trade requires it. There is no such thing as trust less transactions. It is all a matter of who to trust. Right now bitcoiners trust who ever has the best mining hardware.. That system sucks dick. I am saying why not trust the individuals with the greatest trustworthiness instead, but that is against holliday's religion You can have a decentralized trust system like Silk Road, but only desperate drug addicts would trust it. Bullshit. People trust people who are trustworthy. I trust sellers on the SR they do what they say. I dont trust asic chip set manufacturers, All currency is a debt. Maybe you do, but how does that invalidate my point that only desperate drug addicts would trust it? Well I am not a desperate drug addict for one. That is the point of a reputation keeper it keeps everyone honest. |
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I say we start trusting those who have a reputation of doing what they say. I am willing to trust you a lot more than KNC, but trust is liquid and changes with circumstance. That is why we need a decentralized reputation keeper. I will run a node at a cost to me. Will you?
The thing about trust is that you can build it until you've reached your goal. See pirateat40. He did what he said until he didn't. History is littered with examples. I just chose one that might hit closer to home for some here. The thing about trust is that trade requires it. There is no such thing as trust less transactions. It is all a matter of who to trust. Right now bitcoiners trust who ever has the best mining hardware.. That system sucks dick. I am saying why not trust the individuals with the greatest trustworthiness instead, but that is against holliday's religion I don't trust the miners. They have to solve the next block according to the protocol. If they don't, it's not accepted. Why would I? I have no idea of their goals, motivation, or transaction history. I dont even know who they are. |
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I say we start trusting those who have a reputation of doing what they say. I am willing to trust you a lot more than KNC, but trust is liquid and changes with circumstance. That is why we need a decentralized reputation keeper. I will run a node at a cost to me. Will you?
The thing about trust is that you can build it until you've reached your goal. See pirateat40. He did what he said until he didn't. History is littered with examples. I just chose one that might hit closer to home for some here. The thing about trust is that trade requires it. There is no such thing as trust less transactions. It is all a matter of who to trust. Right now bitcoiners trust who ever has the best mining hardware.. That system sucks dick. I am saying why not trust the individuals with the greatest trustworthiness instead, but that is against holliday's religion You can have a decentralized trust system like Silk Road, but only desperate drug addicts would trust it. Bullshit. People trust people who are trustworthy. I trust sellers on the SR they do what they say. I dont trust asic chip set manufacturers, All currency is a debt. |
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I say we start trusting those who have a reputation of doing what they say. I am willing to trust you a lot more than KNC, but trust is liquid and changes with circumstance. That is why we need a decentralized reputation keeper. I will run a node at a cost to me. Will you?
The thing about trust is that you can build it until you've reached your goal. See pirateat40. He did what he said until he didn't. History is littered with examples. I just chose one that might hit closer to home for some here. The thing about trust is that trade requires it. There is no such thing as trust less transactions. It is all a matter of who to trust. Right now bitcoiners trust who ever has the best mining hardware.. That system sucks dick. I am saying why not trust the individuals with the greatest trustworthiness instead, but that is against holliday's religion |
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We have not had a currency that was issued into existence for one and we have not had a digital coin with a standard.
Who would issue and standardize a digital coin? Trusted entities. I would be willing to issue currency denominated in a objective standard like a ratio to the rogers commodity basket index and redeemable in objective value like USD or gold or used boat parts, and I would be willing to secure a node of a blockchain for free. Who is trusted? Howabout Obama? He was the most popularly elected president in world history. He even has a Nobel Peace Prize! I say we start trusting those who have a reputation of doing what they say. I am willing to trust you a lot more than KNC, but trust is liquid and changes with circumstance. That is why we need a decentralized reputation keeper. I will run a node at a cost to me. Will you? Isn't that called a FICO score? Very similar but decentralized. |
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We have not had a currency that was issued into existence for one and we have not had a digital coin with a standard.
Who would issue and standardize a digital coin? Trusted entities. I would be willing to issue currency denominated in a objective standard like a ratio to the rogers commodity basket index and redeemable in objective value like USD or gold or used boat parts, and I would be willing to secure a node of a blockchain for free. Who is trusted? Howabout Obama? He was the most popularly elected president in world history. He even has a Nobel Peace Prize! I say we start trusting those who have a reputation of doing what they say. I am willing to trust you a lot more than KNC, but trust is liquid and changes with circumstance. That is why we need a decentralized reputation keeper. I will run a node at a cost to me. Will you? |
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If you have some grand idea about what is better than Bitcoin, then fucking build it and let it compete. I'm starting to think some of you people are insane.  Maybe I'm the insane one for responding to the endless stream of shit spewed forth on this forum. Insane for predicting the end of a tiny project? This isn't the end of the world we are talking about, just Bitcoin. Relax, you sound like you are in a cult. He is. Bitcoin zealot, dont waste your time. |
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We have not had a currency that was issued into existence for one and we have not had a digital coin with a standard.
Who would issue and standardize a digital coin? Trusted entities. I would be willing to issue currency denominated in a objective standard like a ratio to the rogers commodity basket index and redeemable in objective value like USD or gold or used boat parts, and I would be willing to secure a node of a blockchain for free. |
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If you don't like the way the miners operate, start your own miner. If you find enough people that believe what you say, maybe they will back you.
That is what this is about, abandoning bullshit BTC in favor of something that can work. Wow. Start an altcoin. Nobody has tried that yet. No one has started a coin that works on different principles. I am looking for something different. Two Kinds of Money 1.The Scarcity Model: A single uniform quantity in limited supply made valuable by its own scarcity. In other words, the value of this type of money depends on the supply of, and demand for, the money commodity itself. Conventional definitions of money define money only in terms of this model, a "medium of exchange". Examples are: cowries, gold and silver, fiat cash and coins, bank credit, and now, in the model's purest and most spectacularly speculative form, Bitcoin. 2. The Abundance Model. A promise of something specific from someone specific made valuable by its redemption in real production. The value of this type of money is defined by the promised redemption in goods and/or services. As such, this type of money is promises of an indefinite number of non-uniform commodities in indefinite supply and, unlike the limited quantity "coin" concept of money, the total quantity of these credits in circulation does not affect their value, because the value of a credit is defined by what its issuer will redeem it for in real goods and/or services. Examples are: business-to-business barter credits, customer rewards, travel points, discount coupons, mutual credit systems. So what is different that hasn't been done before? We have not had a currency that was issued into existence for one and we have not had a digital coin with a standard. |
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If you don't like the way the miners operate, start your own miner. If you find enough people that believe what you say, maybe they will back you.
That is what this is about, abandoning bullshit BTC in favor of something that can work. Wow. Start an altcoin. Nobody has tried that yet. No one has started a coin that works on different principles. I am looking for something different. Two Kinds of Money 1.The Scarcity Model: A single uniform quantity in limited supply made valuable by its own scarcity. In other words, the value of this type of money depends on the supply of, and demand for, the money commodity itself. Conventional definitions of money define money only in terms of this model, a "medium of exchange". Examples are: cowries, gold and silver, fiat cash and coins, bank credit, and now, in the model's purest and most spectacularly speculative form, Bitcoin. 2. The Abundance Model. A promise of something specific from someone specific made valuable by its redemption in real production. The value of this type of money is defined by the promised redemption in goods and/or services. As such, this type of money is promises of an indefinite number of non-uniform commodities in indefinite supply and, unlike the limited quantity "coin" concept of money, the total quantity of these credits in circulation does not affect their value, because the value of a credit is defined by what its issuer will redeem it for in real goods and/or services. Examples are: business-to-business barter credits, customer rewards, travel points, discount coupons, mutual credit systems. |
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Have you not figured it out yet bro? That is because they have a financial gain in making suckers believe that. Bitcoin isn't all its cracked up to be. I have traded thousands of coins and spent countless hours studying. Its bullshit. Brg444 is the kinda retard that laps it up. Its not about real change but personal gain.
It is/was about real change but there was too much money in play and it drifted off its intended path. It's still possible that bitcoin could get back on track but its looking more and more likely that it will be superseded by a 2.0 successor. No bro it was about get rich quick, scarcity model bullshit... same thing that has been fucking over the masses for the last 6k years at least. Not a merit based system.  you are so basic I unignored you for this! You are a faggot, get lost retard. |
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If you don't like the way the miners operate, start your own miner. If you find enough people that believe what you say, maybe they will back you.
That is what this is about, abandoning bullshit BTC in favor of something that can work. |
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pow or pos makes no difference. Coins cant be mined into existence. That won't work. Coins need to be issued into existence from trusted parties.
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I understand the potential, bitcoin has none. Guy is 100 percent right.
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Make a mining heater, and I'll start mining. I spend some kW on heating anyway.
You would lose money heating with a miner. Any miner is a heater if you use it to heat with. Why would I lose money? It's like mining with free electricity since I'm using electricity for heating anyway. But I want a silent miner to have in my living room. Good luck with that. You might off set your heating bill, but because you would be mining mid day you would probably lose money depending on your comfort range. |
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Make a mining heater, and I'll start mining. I spend some kW on heating anyway.
You would lose money heating with a miner. Any miner is a heater if you use it to heat with. |
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No intelligent input I see.  |
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I agree 100 percent, bitcoin is shit.
I want to talk about why and how to fix it.
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