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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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bitcool
Legendary
 Offline
Activity: 1441
Merit: 1000
Live and enjoy experiments
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July 27, 2013, 01:54:09 PM |
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To the reformers:
Go altcoins
To the fundamentalists:
We need a Bitcoin Constitution
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BCB
CTG
VIP
Legendary
Offline
Activity: 1078
Merit: 1002
BCJ
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July 27, 2013, 01:56:16 PM |
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To the reformers:
Go altcoins
To the fundamentalists:
We need a Bitcoin Constitution
A bitcoin constitution?? |
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elor70
Member
Offline
Activity: 84
Merit: 10
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July 27, 2013, 02:20:02 PM |
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what is hard fork?
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bitcool
Legendary
Offline
Activity: 1441
Merit: 1000
Live and enjoy experiments
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July 27, 2013, 11:35:04 PM |
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To the reformers:
Go altcoins
To the fundamentalists:
We need a Bitcoin Constitution
A bitcoin constitution?? yeah... something like this https://bitcointalk.org/index.php?topic=20866.0 |
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TraderTimm
Legendary
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Activity: 2408
Merit: 1121
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July 28, 2013, 07:11:27 PM |
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Bitcoin is a "poison pill" to the regulatory and conventional banking system. What most miss, is that by 'complying', Bitcoin has gained an entry vector to its host so it may replicate and become even stronger. The end game is Bitcoin wins, and the host dwindles or vanishes completely.
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fortitudinem multis - catenum regit omnia
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zeroday
Donator
Hero Member
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Activity: 784
Merit: 1000
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July 28, 2013, 09:44:07 PM |
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The paper argues that the increasing block chain size makes full clients less feasible over time, increasing centralization.
Instead, this protocol would delete the oldest block from the chain when a new one was added, to keep the block chain at a set length. Any money still held from transactions in these blocks would be freed up, and released back to the network in the form of a lottery. Yet another idiotic idea. |
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westkybitcoins
Legendary
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Activity: 980
Merit: 1004
Firstbits: Compromised. Thanks, Android!
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July 29, 2013, 09:29:13 PM |
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The paper argues that the increasing block chain size makes full clients less feasible over time, increasing centralization.
Instead, this protocol would delete the oldest block from the chain when a new one was added, to keep the block chain at a set length. Any money still held from transactions in these blocks would be freed up, and released back to the network in the form of a lottery. Yet another idiotic idea. Yup. When will people get it into their heads? Don't attempt to redistribute my coins. Period.If this is what's in Bitcoin 2, count me out. In fact, count on me to actively discourage it's adoption by anyone else too (not that I'll care that much, as I'll never choose to use it.) |
Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
... ... In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber... ... ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)... ... The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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MikeH
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July 30, 2013, 05:27:52 AM |
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They should be slammed about labelling it bitcoin 2 - it sounds like an attempt to hijack bitcoin, newcomers might buy in assuming it's the original.
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jgarzik
Moderator
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Activity: 1596
Merit: 1091
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July 30, 2013, 01:53:58 PM |
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They should be slammed about labelling it bitcoin 2 - it sounds like an attempt to hijack bitcoin, newcomers might buy in assuming it's the original.
"They are attempting to ride the coattails of the Bitcoin brand" |
Jeff Garzik, Bloq CEO, former bitcoin core dev team; opinions are my own.
Visit bloq.com / metronome.io
Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
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Gabi
Legendary
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Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
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July 30, 2013, 02:07:06 PM |
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There are already tons of hard forks of bitcoin, there is even a section of this forum dedicated to them. Nothing new  |
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marketalchemy
Newbie
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Activity: 14
Merit: 0
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July 30, 2013, 04:02:00 PM |
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I think the Bitcoin currency (or the concept of the Bitcoin currency) will most likely morph as more people become exposed to the idea of using Bitcoins, and Bitcoins become more accepted in commerce. Because Bitcoins are not centralized, however, I wonder what kind of changes that Bitcoin will inevitably go through and how this change will affect current users of Bitcoin.
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