jongameson (OP)
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November 30, 2013, 08:48:41 PM Last edit: November 30, 2013, 09:50:40 PM by jongameson |
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People would be able to mine them, but they would all end up in a central "wallet", minus a small incentive (1%) paid to the miner.
Each mined coin would be linked to the US dollar. So what you put in you will be able to withdrawal (minus 1% fee)
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MPOE-PR
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November 30, 2013, 08:54:24 PM |
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You fundamentally misunderstand what mining is.
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freethink2013
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November 30, 2013, 08:56:19 PM |
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quantitative ez-coin
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GBGglenn
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November 30, 2013, 08:57:10 PM |
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Would'nt that force the banks to get involved? Dont want anything to do with them.
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jongameson (OP)
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November 30, 2013, 09:02:54 PM Last edit: November 30, 2013, 09:33:35 PM by jongameson |
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Would'nt that force the banks to get involved? Dont want anything to do with them.
why would you say that?
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VeniVidiVici
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November 30, 2013, 09:35:42 PM |
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the idea of these kind of currencies is to be independent. So no 1:1 link to any curreny like the dollar, no centralized, etc. thats what is going wrong with currenty fiat currencies and what shoud be prevented
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Gator-hex
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November 30, 2013, 09:38:22 PM |
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They already made an inflationary Bitcoin, it's called Quark.
As far as I'm concerned, you can stick Quarks where the sun don't shine, I'm not interested in having my store of value inflated away at any percentage.
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hbismyname
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November 30, 2013, 09:39:21 PM |
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Asking this question itself is lame ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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beetcoin
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November 30, 2013, 09:40:47 PM |
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part of the reason why BTC and gold have done so well is because people want to run away from the dollar, not to it.
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jongameson (OP)
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November 30, 2013, 09:42:35 PM |
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part of the reason why BTC and gold have done so well is because people want to run away from the dollar, not to it.
your not thinking of the big picture we could call it Dope Coins cause people don't wanna have to invest in a wild and unstable crypto coin when buying their shit
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GBGglenn
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November 30, 2013, 09:45:46 PM |
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part of the reason why BTC and gold have done so well is because people want to run away from the dollar, not to it.
your not thinking of the big picture we could call it Dope Coins cause people don't wanna have to invest in a wild and unstable crypto coin when buying their shit The name of the currency does'nt matter. As Beetcoin says. People want to get away from the current currencys. People also does'nt want to get involved with the bank aswell due to fees and taxes etc. Would also call the currency "retardocoin" as freethinking2013. Convince me instead of coming up with names for the currency.
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freethink2013
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November 30, 2013, 09:47:41 PM |
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part of the reason why BTC and gold have done so well is because people want to run away from the dollar, not to it.
your not thinking of the big picture we could call it Dope Coins cause people don't wanna have to invest in a wild and unstable crypto coin when buying their shit Maybe the way to mine would be playing the knockout game. One knockout would = one coin.
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Mike Christ
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November 30, 2013, 09:48:21 PM |
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Foccupyhealthcare.net%2Fwp-content%2Fuploads%2F2012%2F05%2Fsinking_ship-1.jpg&t=665&c=cLbD6vfGlfTp3A) I'm not saying you can or can't...but why would you tie a coin to this thing?
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msc
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November 30, 2013, 09:48:40 PM |
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Each mined coin should be linked to the US dollar. So what you put in you will be able to withdrawal (minus 1% fee)
We already have that, and there's no fee. The US Dollar. $1 always equals exactly $1.
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jongameson (OP)
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November 30, 2013, 10:33:37 PM |
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ok but what about if we go with the same idea (mining everything into a central wallet, giving miners a small portion, etc..)
then we start the trading a certain amount at a particular Ask. and then a certain amount at a higher ask, etc..
eventually create a market of sorts
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zosi
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November 30, 2013, 10:37:16 PM |
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I think you misunderstood the whole bitcoin concept.
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TRJohnnyc
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November 30, 2013, 11:14:10 PM |
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Wouldn't that defeat the whole purpose of a finite supply cryptocurrency ?
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oser41eric
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November 30, 2013, 11:19:33 PM |
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So what you put in you will be able to withdrawal (minus 1% fee)
Lol, this is what banks already offers ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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