Bitcoin Forum
December 10, 2016, 10:56:04 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: A proposal to new bitcoin system development  (Read 1282 times)
kentsin
Newbie
*
Offline Offline

Activity: 1


View Profile
May 30, 2011, 09:39:42 PM
 #1

There are two things :

1. multiple encryption or security.

 the money have multiple security. if money based only one encryption, then one day we face the problem the encryption is cracked. the true currency should be prepared to add new security measures over the time.

2. drop mining

 mining sound like a fair way to distribute fortune. however, it is a wast of energy and the true result is only a few will control most of the bitcoins in a mining model.

 the true problem of a on-line currency is to control the total among, and to distribution them evenly. I do not have exact ideas how to do that, but a system base on pure luck and some game like activities will be better.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481367364
Hero Member
*
Offline Offline

Posts: 1481367364

View Profile Personal Message (Offline)

Ignore
1481367364
Reply with quote  #2

1481367364
Report to moderator
Quantumplation
Member
**
Offline Offline

Activity: 84


View Profile
May 30, 2011, 09:43:44 PM
 #2

There are two things :

1. multiple encryption or security.

 the money have multiple security. if money based only one encryption, then one day we face the problem the encryption is cracked. the true currency should be prepared to add new security measures over the time.

We can implement this without having to switch over to a new block chain.

Quote
2. drop mining

 mining sound like a fair way to distribute fortune. however, it is a wast of energy and the true result is only a few will control most of the bitcoins in a mining model.

 the true problem of a on-line currency is to control the total among, and to distribution them evenly. I do not have exact ideas how to do that, but a system base on pure luck and some game like activities will be better.

You missed the entire point.  Mining is definitely NOT to distribute the currency evenly, that defeats the purpose of an economy.  The entire system RELIES on mining.

Against my better judgement... 1ADjszXMSRuAUjyy3ShFRy54SyRVrNDgDc
markm
Legendary
*
Offline Offline

Activity: 1792



View Profile WWW
May 30, 2011, 09:44:10 PM
 #3

Come to http://galaxies.mygamesonline.org/ sign up and start mining stuff in the game to sell for various digital currencies.

As more games are added there will be more ways to earn the same currencies and probably more new currencies too.

(If you do well in any game you might like to start a currency of your own instead of using other players' currencies all the time.)

-MarkM-

Browser-launched Crossfire client now online (select CrossCiv server for Galactic  Milieu)
Free website hosting with PHP, MySQL etc: http://hosting.knotwork.com/
goatpig
Legendary
*
Offline Offline

Activity: 1330

Armory Developer


View Profile
May 30, 2011, 09:48:10 PM
 #4

bwahahahaha

Come, come, gimme more noobs that think mining is cosmetic and deflation is evil. Feed the evil goat, feeeeeed me!

btcarmory.com
Quantumplation
Member
**
Offline Offline

Activity: 84


View Profile
May 30, 2011, 09:48:56 PM
 #5

bwahahahaha

Come, come, gimme more noobs that think mining is cosmetic and deflation is evil. Feed the evil goat, feeeeeed me!

You're going to be one fat pig, there seems to be an endless supply of them. =(  (Also, don't I remember you around here from last july/august?  I haven't been around at all, just got back into the community)

Against my better judgement... 1ADjszXMSRuAUjyy3ShFRy54SyRVrNDgDc
jjVon
Jr. Member
*
Offline Offline

Activity: 42


this is America's "Value"


View Profile
May 30, 2011, 09:57:23 PM
 #6

even a newbie like me knows not to stir a pot with my very first post.  tsk,tsk....poor guy's gonna be eaten up isn't he?

After all is said and done, there is usually more said than done.
goatpig
Legendary
*
Offline Offline

Activity: 1330

Armory Developer


View Profile
May 30, 2011, 09:59:34 PM
 #7

bwahahahaha

Come, come, gimme more noobs that think mining is cosmetic and deflation is evil. Feed the evil goat, feeeeeed me!

You're going to be one fat pig, there seems to be an endless supply of them. =(  (Also, don't I remember you around here from last july/august?  I haven't been around at all, just got back into the community)

Join in late March. Fat is good =P.

btcarmory.com
Vandroiy
Legendary
*
Offline Offline

Activity: 1036


View Profile
May 30, 2011, 10:02:54 PM
 #8

What exactly is the proposal? I see none.

"Distributed evenly" lacks any reasonable definition how to do so, and mining in its current form will vanish with the reward cuts. A second cryptographic scheme appears pointless, and the one used can be replaced on all active nodes within any expected construction time of a quantum computer. If the current methods are broken, it is likely that larger systems, especially online banking, will fail, so this forum appears a strange place to bring this up.

With that explained, this thread is pointless. Please close/delete. Also, stop bumping it.
Quantumplation
Member
**
Offline Offline

Activity: 84


View Profile
May 30, 2011, 10:14:45 PM
 #9

With that explained, this thread is pointless. Please close/delete. Also, stop bumping it.

Yes sir, Mr. Forum Police Chief Sir!

Against my better judgement... 1ADjszXMSRuAUjyy3ShFRy54SyRVrNDgDc
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!