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Author Topic: How to fix bitcoin  (Read 1695 times)
AnonyMint
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November 28, 2013, 11:04:56 AM
 #21

niothor, yeah right no problem. And don't read all my posts by clicking on my name, so that you can remain in bliss.

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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November 28, 2013, 12:03:53 PM
 #22

Exactly.

One word shows people will spend if there is something they want and don't need to be "encouraged": SilkRoad

Why do we need to "encourage economic growth"?  Are people not naturally inclined to growth?  Do we also need to encourage the seasons to change?
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November 28, 2013, 12:17:16 PM
 #23

My biggest problem with bitcoin volatility is how it stacks with long transaction times.

You wait 20+ minutes for 3 confirmations, and by that time pricechange is 5-15% at least

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