kentsin (OP)
Newbie
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Activity: 14
Merit: 0
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May 30, 2011, 09:39:42 PM |
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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.
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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Quantumplation
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May 30, 2011, 09:43:44 PM |
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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. 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.
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NOTE: This account was compromised from 2017 to 2021. I'm in the process of deleting posts not made by me.
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markm
Legendary
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Activity: 2940
Merit: 1090
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May 30, 2011, 09:44:10 PM |
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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-
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goatpig
Legendary
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Activity: 3668
Merit: 1347
Armory Developer
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May 30, 2011, 09:48:10 PM |
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bwahahahaha
Come, come, gimme more noobs that think mining is cosmetic and deflation is evil. Feed the evil goat, feeeeeed me!
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Quantumplation
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May 30, 2011, 09:48:56 PM |
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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)
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NOTE: This account was compromised from 2017 to 2021. I'm in the process of deleting posts not made by me.
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jjVon
Newbie
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Activity: 42
Merit: 0
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May 30, 2011, 09:57:23 PM |
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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?
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goatpig
Legendary
Offline
Activity: 3668
Merit: 1347
Armory Developer
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May 30, 2011, 09:59:34 PM |
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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.
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Vandroiy
Legendary
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Activity: 1036
Merit: 1002
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May 30, 2011, 10:02:54 PM |
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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.
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Quantumplation
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May 30, 2011, 10:14:45 PM |
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With that explained, this thread is pointless. Please close/delete. Also, stop bumping it.
Yes sir, Mr. Forum Police Chief Sir!
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NOTE: This account was compromised from 2017 to 2021. I'm in the process of deleting posts not made by me.
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