Bitcoin Forum
December 08, 2016, 02:41:49 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Greed-proof?  (Read 1104 times)
spanish_guy
Newbie
*
Offline Offline

Activity: 8


View Profile
May 31, 2011, 05:32:19 PM
 #1

Hi,

I'm new to the forum. I've got a couple of questions.

1.- Is Bitcoin greed-proof?
2.- If not, can a greedy user make other Bitcoin users poorer by just using Bitcoin in a perverse way? (just as it's happening with fiat money)

Thank you.

1481208109
Hero Member
*
Offline Offline

Posts: 1481208109

View Profile Personal Message (Offline)

Ignore
1481208109
Reply with quote  #2

1481208109
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481208109
Hero Member
*
Offline Offline

Posts: 1481208109

View Profile Personal Message (Offline)

Ignore
1481208109
Reply with quote  #2

1481208109
Report to moderator
1481208109
Hero Member
*
Offline Offline

Posts: 1481208109

View Profile Personal Message (Offline)

Ignore
1481208109
Reply with quote  #2

1481208109
Report to moderator
darvil
Member
**
Offline Offline

Activity: 73


View Profile
May 31, 2011, 05:38:24 PM
 #2

Is there anything out there in the world that is greed poof?
spanish_guy
Newbie
*
Offline Offline

Activity: 8


View Profile
May 31, 2011, 05:50:49 PM
 #3

Well, Paul Grignon's system seems to prevent users from accumulating coins, as they 'decay' over time. So greedy users are forced to accumulate goods, but not money. I was wondering if Bitcoin supports this.



SgtSpike
Legendary
*
Offline Offline

Activity: 1344



View Profile
May 31, 2011, 05:54:05 PM
 #4

1.  No.  Nothing is greed-proof.  Ever.
2.  Not really.  The best way I can think of is to manipulate the market by creating a bunch of variance and causing investor confidence to drop, and thus a drop in the price, but doing something like that could hardly be called profitable, as there would also be a good chance of the market manipulator losing a good deal of money trying to do that.

And in response to your 2nd post, the coins don't decay.  Why is having some savings a bad thing anyway?
spanish_guy
Newbie
*
Offline Offline

Activity: 8


View Profile
May 31, 2011, 06:43:28 PM
 #5

Savings are not bad at all. Moreover, Grignon's coins don't decay to zero, but to the perpetual coin value. So speculation is not so easy.

SgtSpike
Legendary
*
Offline Offline

Activity: 1344



View Profile
May 31, 2011, 07:55:52 PM
 #6

Savings are not bad at all. Moreover, Grignon's coins don't decay to zero, but to the perpetual coin value. So speculation is not so easy.
What's wrong with speculation?  Shouldn't people be able to choose when they want to buy/sell bitcoins?
goatpig
Legendary
*
Online Online

Activity: 1330

Armory Developer


View Profile
May 31, 2011, 08:25:52 PM
 #7

Savings are not bad at all. Moreover, Grignon's coins don't decay to zero, but to the perpetual coin value. So speculation is not so easy.

lol inflation.

btcarmory.com
Coma
Full Member
***
Offline Offline

Activity: 140


View Profile
May 31, 2011, 08:40:34 PM
 #8

Is there anything out there in the world that is greed poof?

haemorrhoids
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!