https://github.com/bitcoinxyz-foundation/bitcoinxyzhttps://bitcoinxyz.landBitcoin XYZ: An International Electronic Monetary Base
Mitsuaki Nakamichi
mitsuakin@hibtc.jpwww.bitcoinxyz.land Time Span: (2021-2051)
Max Supply: 31,535,883
Block Reward: 2
Block Size: 7140KB
Block Halving: 7883971 blocks
Difficulty Adjustment: 14 days
Block Time: 4.2 Seconds
Decimals: 8
1. Purpose
Bitcoin has become more of a closed network due to the dominant ASIC mining technology. Satoshi originally wanted it to a peer-to-peer electronic cash system where CPU’s held the longest link of blockdata. This is a problematic issue if you wanted to start mining it has become inaccessible for CPU’s. Mining is the back bone of the Bitcoin protocol but since 2010 GPU’s superseded and then ASIC in 2013. The current economic state worldwide looks like it will take a course for the worse. How unfortunate will things become as a deadly virus spreads amuck worldwide. Billions of people all over the globe along with businesses have to come up with an international economic consensus. Japan has become a leading country in what I call blockdata technology and the Chinese government just recently released its digital Yuan.
That is ironic knowing that the biggest mining pools are located inside China. Imagine an allocated money and even law system. How does that sound? Put that on "the cell-link” before it becomes even more atrocious. Could this solution be inevitable? This is an entirely new body and brain. Bitcoin is the catalyst or the mother behind this movement. I want this to make the poor and the rich richer. Bitcoin XYZ is about your future and your children’s future. It’s about finance, it’s about data, it’s about value. With all the bad debt that a lot of people have gained over time. It’s like a bad financial chain that will hinder your future. This coin could act as a financial base for mainly children but adults too. Educating children about finance at the earliest age possible. I have yet to see a cryptocurrency geared towards children. Making sure that they have the fundamentals before they are totally released to society. Cryptocurrency is a long-term commitment and a digital promissory note.
The dollar is not programmed to be smart so you can say it’s stupid compared to Bitcoin. People using the dollar have to think for the money to make it smart. With Bitcoin you don’t necessarily have to make it smart it’s already smart on its own. Now if somebody does something stupid with Bitcoin then it’s the stupid idea that interfered. Adding so called smart contracts is what makes them smart. I like to say Intelligent agreement or “witted contract”. The “smart contracts” allow users to set extra commands on their Bitcoin requiring these rules be met. While Ethereum provides more extensible support for “smart contracts”, that flexibility comes with higher risk of security and privacy threats. The more code that goes into a smart contract the greater the risk of vulnerability. There’s a way to make it plain and more secure. Bitcoin XYZ is a graphing protocol and foundation for the world forum. Where would we be without math or the internet? Bitcoin XYZ has three stages of protocols that connect. The term I like to call alternative forking or a “sporking”.
Bitcoin X
This is the first fork of the “alternative forking” and is concentrated on small bill payments, gaming and retail. Sending receiving and creating a cell of transactions verified in a blockdata on an open network of computers. Why accept Bitcoin X when we have Bitcoin and other forks? This is one of three stages being set to fill voids and solve the problems of other protocols. The world government and the people need to be connected to one page. E Pluribus Unum. This is the big idea. The idea is enormous and I’m just a particle. Who can you trust? Computers can be trustworthy if given great power but can a human? Are you talking about AI taking over? No, I’m talking about delegating a task’s to computers like many have been doing just on a higher level. The user controls the node, I’m talking about your currencies should be working for you. Who’s really in control, is it you or your currencies?
One block every 10 minutes isn’t fast enough for peer to peer around the globe. I’ll be over standing at the cash register waiting on my transaction to be verified. I think it would work better for corporations private, public, small or big. The currency has to be sent and received quick enough from peer-to-peer when the blockdata is heavily crowded with transactions. There would have to be a Bitcoin to cash or better yet another digital currency system if used as a form of corporate payment. It would be great for a store value but could be a problem when it comes to everyday spending. I just wanted to purchase a Bicycle, a pack of gum or a cup of coffee. Litecoin may be able to bring the idea of a crypto payment system in society into existence.
I like the idea of Bitcoin SV and I think it would be would be better for something like a digital Roth 401(k) plan. I say Bitcoin, Litecoin and Bitcoin X could work together. Bitcoin X to Litecoin, could be what Litecoin is to Bitcoin. Some kind of trilateral communication based on a Macro, Meso, and Micro level. The currency has to transfer rapidly from sender to receiver in the world forum or people will become disgruntled. Someone can complain that they missed their bill payment due date because the transaction failed get verified fast enough. (A graph of what Bitcoin, Litecoin and Bitcoin). But I have come up with a plan to add to Litecoin’s purpose. Bitcoin needs support because most people won’t be able to efficiently participate. Unless you want to pay high fees when the blocks become full and transaction speed starts lagging.
Conclusion
The working class is closed out because of the networks level of hashing power. Alice and Bob can’t use their phones, desktops or laptops to mine. Just imagine if Bitcoin worked like Satoshi originally wanted it too. But that’s life. Things don’t always work like you want them to all the time. Bitcoin XYZ is not radical, prejudice, greedy, or racist. Bitcoin XYZ is fundamental, ethical, Genius, plain, creative, intelligent and honest. All the things that I’m trying to be in this thing called life. Some people in this game cooperate because cooperating is the most convenient thing you can do. Now cooperating is not based on agreement but based on greed. I will not go into Bitcoin Y and Z because of confidential reasons and they won’t be released for decades.
https://www.coindesk.com/rise-of-asics-bitcoin-mining-history
