sublime5447 (OP)
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September 22, 2013, 03:12:03 PM |
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I have an idea for a coin that would make bitcoin a thing of the past. One that incentives sharing instead of hoarding.
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If only controlling market forces were that easy. If you have something is thought to appreciate it will be hoarded, it is the most logical thing to do. If you increase the value of that item each time it is traded to avoid hoarding then you will have to inject more money into the system. But who's money? I like Satoshi's system. It works on the simplest market model of supply and demand. Free markets are brutal, volatile, and fair. Trying to social engineer kindness into the system seems unachievable without centralization. That always ends in gaming the system. For example, fiat currency. I like your response here it is at least thoughtful, People dont hoard dollars, because they are not money but currency. Bitcoin is worthless as money it is excellent as currency. Gold is money Oil could be money, BItcoin not so much. |
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xxjs
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September 22, 2013, 03:35:21 PM |
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I have an idea for a coin that would make bitcoin a thing of the past. One that incentives sharing instead of hoarding. Let someone come out with a coin that pays out a reward the more it is distributed to new market participants and shrinks in value the more centralized it gets.
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Bitcoin is like this. |
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sublime5447 (OP)
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September 22, 2013, 03:45:59 PM |
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I have an idea for a coin that would make bitcoin a thing of the past. One that incentives sharing instead of hoarding. Let someone come out with a coin that pays out a reward the more it is distributed to new market participants and shrinks in value the more centralized it gets.
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Bitcoin is like this. No that is how it should be not how it is. The truth is that there is a base market for bitcoin which it the drug market that has to have coins to operate. So there is some real demand there but the bigger market is speculators who know that if they share their coins and put more of them in the market place then the value of their holdings will drop. So there is an powerful incentive for them to create artificial scarcity pushing the prices higher. They know they have to trickle coin on to the market or the price will crash. |
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johnyj
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Beyond Imagination
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September 23, 2013, 02:28:27 AM |
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I have an idea for a coin that would make bitcoin a thing of the past. One that incentives sharing instead of hoarding. Let someone come out with a coin that pays out a reward the more it is distributed to new market participants and shrinks in value the more centralized it gets.
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It will not work, since you never can tell if those one hundred new addresses are belong to the same old person, if you can, then there will be no privacy at all, no one will use it  |
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sublime5447 (OP)
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September 23, 2013, 02:39:02 AM |
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I have an idea for a coin that would make bitcoin a thing of the past. One that incentives sharing instead of hoarding. Let someone come out with a coin that pays out a reward the more it is distributed to new market participants and shrinks in value the more centralized it gets.
[...]
It will not work, since you never can tell if those one hundred new addresses are belong to the same old person, if you can, then there will be no privacy at all, no one will use it "I know there are a million considerations and tons of holes in the above statements, dont be a dick and say it can never work. It is just a concept." |
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johnyj
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Beyond Imagination
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September 23, 2013, 02:48:02 AM |
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I have an idea for a coin that would make bitcoin a thing of the past. One that incentives sharing instead of hoarding. Let someone come out with a coin that pays out a reward the more it is distributed to new market participants and shrinks in value the more centralized it gets.
[...]
It will not work, since you never can tell if those one hundred new addresses are belong to the same old person, if you can, then there will be no privacy at all, no one will use it "I know there are a million considerations and tons of holes in the above statements, don't be a dick and say it can never work. It is just a concept." There is personality too. Even if you distribute the world evenly to every person, after a while some of them will lose everything and some others will become super rich. No one can prevent this from happening |
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windjc
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September 23, 2013, 02:50:50 AM |
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I have an idea for a coin that would make bitcoin a thing of the past. One that incentives sharing instead of hoarding. Let someone come out with a coin that pays out a reward the more it is distributed to new market participants and shrinks in value the more centralized it gets.
[...]
Bitcoin is like this. No that is how it should be not how it is. The truth is that there is a base market for bitcoin which it the drug market that has to have coins to operate. So there is some real demand there but the bigger market is speculators who know that if they share their coins and put more of them in the market place then the value of their holdings will drop. So there is an powerful incentive for them to create artificial scarcity pushing the prices higher. They know they have to trickle coin on to the market or the price will crash. I'm sorry, but this is absolutely not reality. Yes, speculation is driving most of the price, but millions are being invested into getting more of the public and more of the business world online and off, utilizing bitcoin. Again, you are just screaming at an infant about why it can't cook you dinner. |
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Raize
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September 23, 2013, 02:54:11 AM
Last edit: September 23, 2013, 04:09:05 AM by Raize |
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Wasn't Falkvinge the same jerk that silently bought $200k USD worth of BTC via person-to-person sale with magical tux as a middle man in April 2011, pumped Bitcoin on his blog in May 2011, and then subsequently dumped it en masse to those he pumped it to in June 2011? Why would anyone respect his opinion anymore aside from the fact that the original post where he tried to buy the Bitcoin is likely buried/hidden/deleted on here?
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windjc
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September 23, 2013, 03:00:48 AM |
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I have an idea for a coin that would make bitcoin a thing of the past. One that incentives sharing instead of hoarding. Let someone come out with a coin that pays out a reward the more it is distributed to new market participants and shrinks in value the more centralized it gets.
[...]
It will not work, since you never can tell if those one hundred new addresses are belong to the same old person, if you can, then there will be no privacy at all, no one will use it "I know there are a million considerations and tons of holes in the above statements, dont be a dick and say it can never work. It is just a concept." It's kinda hilarious that you have a half baked idea and to deflect criticism you tell us that if we point out the " holes" we are being "dicks". Then you go on to say "that doesn't mean it can't work" after saying bitcoin, with its groundbreaking track record, isn't going to work.. How ridiculous is this? |
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sublime5447 (OP)
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September 23, 2013, 03:22:16 AM |
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I have an idea for a coin that would make bitcoin a thing of the past. One that incentives sharing instead of hoarding. Let someone come out with a coin that pays out a reward the more it is distributed to new market participants and shrinks in value the more centralized it gets.
[...]
It will not work, since you never can tell if those one hundred new addresses are belong to the same old person, if you can, then there will be no privacy at all, no one will use it "I know there are a million considerations and tons of holes in the above statements, dont be a dick and say it can never work. It is just a concept." It's kinda hilarious that you have a half baked idea and to deflect criticism you tell us that if we point out the " holes" we are being "dicks". Then you go on to say "that doesn't mean it can't work" after saying bitcoin, with its groundbreaking track record, isn't going to work.. How ridiculous is this? Such a fucking troll.. beat it fagot. "I know there are a million considerations and tons of holes in the above statements, don't be a dick and say it can never work. It is just a concept." Can you read? I never said that bitcoin wasn't gonna work. I said something else could work better. Dont you have something better to do than be a little cock sucker. Hit the fucking ignore button troll! I am |
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windjc
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September 23, 2013, 03:46:19 AM |
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I have an idea for a coin that would make bitcoin a thing of the past. One that incentives sharing instead of hoarding. Let someone come out with a coin that pays out a reward the more it is distributed to new market participants and shrinks in value the more centralized it gets.
[...]
It will not work, since you never can tell if those one hundred new addresses are belong to the same old person, if you can, then there will be no privacy at all, no one will use it "I know there are a million considerations and tons of holes in the above statements, dont be a dick and say it can never work. It is just a concept." It's kinda hilarious that you have a half baked idea and to deflect criticism you tell us that if we point out the " holes" we are being "dicks". Then you go on to say "that doesn't mean it can't work" after saying bitcoin, with its groundbreaking track record, isn't going to work.. How ridiculous is this? Such a fucking troll.. beat it fagot. "I know there are a million considerations and tons of holes in the above statements, don't be a dick and say it can never work. It is just a concept." Can you read? I never said that bitcoin wasn't gonna work. I said something else could work better. Dont you have something better to do than be a little cock sucker. Hit the fucking ignore button troll! I am Quit crying, jezz. I'm not trolling you. I'm just pointing out how obnoxious you are being. You're right, you didn't say bitcoin would die. You said bitstamp and coinbase would die. And again, you fail to recognize that the reason there is a month long verification process with coinbase is because they are being extra extra careful so that when the government does regulate that they will be in very good standing. But until the government regulates bitcoin, bitcoin isn't going to become mainstream, it's too risky. And all this takes time. So just quit whining about how it doesn't work so great right now. Trade your coins and be happy. |
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afbitcoins
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September 23, 2013, 10:24:21 AM |
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"I know there are a million considerations and tons of holes in the above statements, don't be a dick and say it can never work. It is just a concept."
If you can't take any criticism of it why even mention it then ?
Proposal sounds a bit like communism where everyone is equal. Sounds great until you discover that some are more equal than others.
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