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Author Topic: Newbie or not newbie  (Read 535 times)
krysstoff (OP)
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January 01, 2014, 10:24:52 AM
 #1

That is the question ...

Hello all,

that's my first time @ bit coin talk

SouthernTiger
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January 01, 2014, 10:57:11 AM
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hello and welcome to the forum Wink
krysstoff (OP)
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January 01, 2014, 11:23:24 AM
 #3

thank you, i hope do good trade here.

see you
miramare
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January 01, 2014, 11:24:02 AM
 #4

Newbie or not newbie, it's a big problem!



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To put it in simple words for those of you who never attended College Economics Classes, Bitcoin is inherently flawed because of deflation and deflation is bad mkay.

See, when people "mine" coins, it means they need them. And yet, more people "mining" result in less coins! It's nonsense.

So with Bernankoin the Block Reward is actually determined by how much people want coins. It's also not "mining" anymore, which is a silly goldbug term, but printing, which is the way Ben Bernanke saved our economy. That innovative reward system is called Quantitative Easing.
That way, it also does away with any pre-"mining" concerns.

A bernankoin is a BEK, and the smallest unit is called a keynes.
We don't use "wallets" which are insecure and unreliable, but good old banks.
cerleo
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January 01, 2014, 12:50:42 PM
 #5

Hello,welcome to the forum and have a great time here.It's a great community.
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January 01, 2014, 02:07:54 PM
Last edit: January 01, 2014, 02:18:57 PM by popshot
 #6

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To put it in simple words for those of you who never attended College Economics Classes, Bitcoin is inherently flawed because of deflation and deflation is bad mkay.

See, when people "mine" coins, it means they need them. And yet, more people "mining" result in less coins! It's nonsense.

So with Bernankoin the Block Reward is actually determined by how much people want coins. It's also not "mining" anymore, which is a silly goldbug term, but printing, which is the way Ben Bernanke saved our economy. That innovative reward system is called Quantitative Easing.

Any Proof of Work coin is flawed especially if it has money cap. In a year  time when eMunie establishes itself on the market. No one will look at Bitcoin and other alts with similiar model as a viable currency.

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