Should we start New Bitcoin?

[gollum]

This would be a very bad idea for the crypto community.

Its not an idea, its a natural consequence of unequal wealth distribution.
In real life we get revolutions, in cryptos we get alt-coins since there is no government to revolt against

Dude, there is ALWAYS going to be inequal distribution of wealth unless you go to communism.

Even communism is unequal, for the hard working individuals.

No man-made political/economical system is optimal, all systems will eventually change when a critical mass revolts against it.

In the beginning I believed bitcoin somehow would be more fair-play than our corrupt market economy where the wealth is concentrated in a few pockets based on their influence over politics.
Now I realize the speculation and wealth concentration in bitcoin is even worse than the real economy.
The more wealth is concentrated, the harder most people need to work to be part of that economy.

My dream is ultimately a contract-based alt-coin that will enable everyone to participate in the economy.
Inspiration: https://en.wikipedia.org/wiki/BerkShares

So, you think you're going to make a fairer system than communism? I wish you luck.

Communism is centrally planned.
And modern day capitalism is also partially centrally planned since too much resources is concentrated in the hands of a few banks, corporations and the oligarchs.

We people can create a fair economy if we have the right tool to do so - digital bartering.
I believe in decentralized economy where everyone has the potential to be part of the economy without the need to have money from the beginning.
Money should be free, just like air.
Instead contributing your time or your assets would create value.

Crypto currencies will lead to a renaissance for bartering, since you won't need to physically barter, until time for settlement.

It will make local economies flourish, and will make it harder for wall street to parasite on the economy. But the local community that knows and trusts me will accept my contracts, and I accept theirs so we will have a local barter market.

[1715583497]

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[1715583497]

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[1715583497]

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[Slingshot]

 It's not Capitalism anymore.
==================

 This is Corporate Neo-Fasicsm.


But the term 'Corporatism' is the polite word to use in public since no one in polite company can stand to hear or utter the term fascism.


 Well if it walks like a duck, and talks like a duck, and flies like a duck it's Fascism.


 Either it's State Fascist much like China where the STATE controls the country and even the corporations when and if it so desires, or Corporate controlled Fascism much like the USSA and EUROPA where the corporations and the wealthy elite are in firm control of everything and calling the shots from behind the scenes.


BUT:

 Capitalism, REAL capitalism, NEVER, EVER, rewards failure.
======================================

 And that is precisely how one can know for a fact that this is no longer real Capitalism.

 Some refer to it as 'Crony Capitalism', yet another polite phrase for public consumption that stands far and clear of the real fact that it's really and truly Fascism.


Call it whatever you care to, but I call it for what I see it as; Fascism.

 There is State Fascists such as so called Communist Red China.

 And Corporate Neo-Fascism which is the USA and Europe.

 Fascism came to Amerika in Nikes and Polo shirts, while everyone was sleepwalking. And it's way past time to wake up young men and women!



 Fascism - the marriage of corporations and government, where one or the other, controls the other.

 Today the largest and most powerful corporations write the bills and laws, and then stuff them down their bought and paid for government representatives throats. And past the Oval Office if need be. And they all do exactly what their corporate masters demand, or pay the price of not being loyal to their elite masters if they dare to get too far out of line. Of course their are exceptions and exclusions. But that's the general rule. And for those that don't play ball in the halls of Congress, or even the Oval Office. Well, ask assassinated presidents/future assured presidents ( JFK and his son JFK Jr.) what happens if and when they step or stand in the way of others that demand more, or much different things.

 The present day Coup de ta started in slow motion with the assassination of JFK decades ago. And with the assassination of his son JFK Jr in 1999 the Fascist takeover was completed in what some of us now term as "Amerika". Get used to it. Grow up. Smell the Fascism. It's everywhere.

 And seriously consider not watching and listening to the propaganda on the mainstream news channels on TV, and get the real news elsewhere instead. After all TV programming is called 'programming' for a very good reason people. Their brainwashing the public with today's flavor of what's obviously Corporate Controlled Propaganda News. Merely 6 corporations now own and control the mainstream news media today. Where as just recently about 200 corporations defused the news media that we all used to rely on for at least half honest news.

 Read the news instead, and not from those very same sources if at all possible. After a few years you will be amazed how far you will have come from breaking away and reversing the brainwashing that has kept oneself in a corporate propaganda stranglehold.


RIP  JFK & JFK Jr.


 Class dismissed.


Caveat emptor - let the buyer beware

[Schnitz]

I bought a new car earlier in the year, gonna make the car salesman pay and create a new US Dollar!!!

Brilliant!

[se1111da]

What about a coin with a concept like this?:

Easy Vanity Voting
Abstract:

A simple, trustless, decentralized (p2p), proof-of-stake voting system achieved through voter generated vanity Bitcoin addresses.


Characteristics:
 
· Decentralized (p2p)
· Zero-trust (users retain complete control over 100% of their coins)
· Anyone can create a poll, vote and audit results.
· Theoretically, anyone could even implement the vote results (so long as any modified code was released open-source with binaries compiled using verifiable gitian builds).
· Based on Bitcoin blockchain
· Psuedo-anonymous
· Transparent
· Non-binding
· Auditable
· Adjustable to resist double-spends (double-votes)
· One-bitcoin-one-vote (as opposed to one-person-one-vote)
· Compatible with proxy voting pools
· Possibly, compatible with cumulative voting (to protect minority voting rights)
· Possibly, compatible with a modified form of instant run-offs
· Easy Vanity Voting functionality could be added to the client if this idea took hold
· Utilizes open-source command-line vanity address generator
o https://en.bitcoin.it/wiki/Vanitygen
 
Summary of System:

Easy Vanity Voting is a decentralized voting system that allows anyone to propose, cast and audit votes using end-user generated vanity addresses, where total votes cast equals total coins sent to each voter's self-controlled "vanity-voting address."
 
1. Any member from the community can propose a question along with possible answer choices.
2. Each answer choice is associated with a unique 6-letter “voting-address prefix.”
3. The question, possible answer choices (w/ corresponding “voting-address prefixes) and a blockheight-deadline (+ n confirmations) are publicly posted.
4. Before voting, each voting coinholder creates a unique, self-controlled “vanity-voting address” where the first 6-bits of said generated address match the posted 6-letter “voting-address prefix” corresponding to their desired vote choice.
5. During the voting period, each voting coinholder sends as many coins as they can/want to their self-controlled “vanity-voting address” until the blockheight-deadline (+ n confirmations) has passed.
6. One-Bitcoin equals one-vote.
7. At the blockheight-deadline (+ n confirmations), address balances for all addresses matching the applicable “voting-address prefixes” and meeting confirmation requirements are tallied and compared.
8. The answer choice with address balances exceeding 50% of total coins cast as votes is deemed the winner.
9. In the event no answer choice has address balances exceeding 50% of total coins cast as votes, a subsequent run-off election can be held between the top two vote choices.
 
=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
 
Proof-of-Concept:
Easy Vanity Voting Example
 
· An Easy Vanity Voting question has 3 parts: (1) the question, (2) potential answer choices and (3) Blockheight deadline (+ n confirmation).
· In this example we have 31 users using 100 coins to vote on a question 11 with 6 possible answers (100 coins were used to have round numbers).



http://bitcoinscrypt.org/

http://theotherbitcoin.com/