Why bitcoin or any other mined coins won't work...

[djangocoin]

Like all forms of power throughout history, including money, it will evolve into something else. Gold > Promissory notes > Fiat > Derivatives > Cryptocurrency >

FTFY Gold > Promissory notes > Fiat > Derivatives > Cryptocurrency > Guinness :]

[franky1]

1 Timothy 6:10 The love of money is the root of all evil....

this is why at the vatican, they have more "assets" such as gold statues and silks, art etc.. rather then money.

BITCOIN IS AN ASSET NOT MONEY

which means bitcoin will work

[Lauda]

Anonimity all over again?

[DurbanPoison]

I think Bitcoin will be the only mined coin that survives due to the huge first mover advantage.

I wouldn't waste my time with any of the other POW coins. The future will be Bitcoin and second gen currencies such as NXT, Etherium, etc.

[zimmah]

Maybe the governments are stupid enough to accept a monetary bribe in exchange for the right to print money, but mining pool operators and miners in general are not anywhere near that stupid.

I still wonder how the FEDs even pulled that off:

"Yo mister president, i'll give you 100 million dollars if you give me the exclusive right to print dollars"

"Make it 150 million and we have a deal"

"Deal"

*Prints trillions of dollars, making the 150 million dollars a drop in the bucket*

profit.....

What the actual fuck happened?

[nwfella]

Maybe the governments are stupid enough to accept a monetary bribe in exchange for the right to print money, but mining pool operators and miners in general are not anywhere near that stupid.

I still wonder how the FEDs even pulled that off:

"Yo mister president, i'll give you 100 million dollars if you give me the exclusive right to print dollars"

"Make it 150 million and we have a deal"

"Deal"

*Prints trillions of dollars, making the 150 million dollars a drop in the bucket*

profit.....

What the actual fuck happened?

I think a whole lotta planning and one well placed snow storm might've had something to do with it

[Nerazzura]

1 Timothy 6:10 The love of money is the root of all evil....

This is perhaps the most true saying I've heard.  The love of money (or power, prestige, etc) is the root of all evil.

One day, one entity will control all the pools, it's that simple.  All they need to do is make an offer that the pools cannot refuse.

I'm not sure if other mined cryptos are the same way since I don't have time to explore them.  But in the end, someone or entity is just going to take over bitcoin in a fascist way.

true, money can make a blind and do anything to get what he wants, especially if they have positions they will easily buy and master all the existing pool, and that of course it would undermine the work that has been done by the previous

[dimfot]

1 Timothy 6:10 The love of money is the root of all evil....

This is perhaps the most true saying I've heard.  The love of money (or power, prestige, etc) is the root of all evil.

One day, one entity will control all the pools, it's that simple.  All they need to do is make an offer that the pools cannot refuse.

I'm not sure if other mined cryptos are the same way since I don't have time to explore them.  But in the end, someone or entity is just going to take over bitcoin in a fascist way.

true, money can make a blind and do anything to get what he wants, especially if they have positions they will easily buy and master all the existing pool, and that of course it would undermine the work that has been done by the previous

there is always going to be a p2p pool for any coin

[phillipsjk]

Let me give you a tip on a clue to men’s characters: the man who damns money has obtained it dishonorably; the man who respects it has earned it.

Run for your life from any man who tells you that money is evil. That sentence is the leper’s bell of an approaching looter. So long as men live together on earth and need means to deal with one another–their only substitute, if they abandon money, is the muzzle of a gun.

From ATLAS SHRUGGED, by Ayn Rand, page 387

There is another way: cooperation.

I hate money because I am a wage-slave; and know many other people who are the same.

Edit: On-topic: cooperation is the solution to pool concentration as well. If your pool of choice approaches 25% hash-power, find another one. Encourage others to do the same.

Pools can help this process by charging higher fees as they start to exceed 25% hash-power.

[johstacy]

Let me give you a tip on a clue to men’s characters: the man who damns money has obtained it dishonorably; the man who respects it has earned it.

Run for your life from any man who tells you that money is evil. That sentence is the leper’s bell of an approaching looter. So long as men live together on earth and need means to deal with one another–their only substitute, if they abandon money, is the muzzle of a gun.

It is the love of money that is the root of all evil.

I don't think money has anything to do with it.... that line just implies that Love is the root of all evil.... 

[Meuh6879]

One day, one entity will control all the pools, it's that simple.  All they need to do is make an offer that the pools cannot refuse.

and god of HTTP invented the DDoS ... 
and satoshi invented the solo-mining ... 

you can't stop bitcoin ... even if you kill the middle of the entery world : https://getaddr.bitnodes.io/
bitcoin is not political corruption ... it's people, and at the end, people is honest.

[franky1]

reminds me of a joke i once heard

Preacher: "my flock, money is the root of all evil"
people: "aye men, we hear you"
Preacher: "while i speak, the collection plate will be passed between you, concentrate on my voice and dont let the evil money distract you when you donate, rid yourself of all distractions and all evils"

(i removed the funny parts and just got to the point of the joke, although the point is still funny)

[Xiaoxiao]

reminds me of a joke i once heard

Preacher: "my flock, money is the root of all evil"
people: "aye men, we hear you"
Preacher: "while i speak, the collection plate will be passed between you, concentrate on my voice and dont let the evil money distract you when you donate, rid yourself of all distractions and all evils"

(i removed the funny parts and just got to the point of the joke, although the point is still funny)

you're right, preachers can be fascist dictators....  happens anywhere especially religious systems when someone has bit too much power

[ThomasCrowne]

Money is an illusion...it's the value that everybody perceives it has that gives them "power" over others.  Power is the root of all evil.