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Author Topic: If you could make any economy/token/currency what would you make?  (Read 307 times)
TimeBits (OP)
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May 02, 2019, 01:00:25 AM
Last edit: May 02, 2019, 02:42:40 AM by TimeBits
 #21

What backs my money? my work, farming, making produce, (time)
Then you will briefly understand that  you won't be able to sell your stuff for your own coin for a good price. That's an example from real life: countries are taking benefits from cheap currencies, it boosts their export. So as soon as the exchange rate of your shitcoin grows no one would buy your stuff.

What backs the governments money, that can be printed out in unlimited?    Wink
For example US dollar is backed by the obligation of the US government to collect trillions of dollars as taxes.

And what backs the taxes, OUR WORK.

btw I forgot to post this at the start of the topic, some of the moderators on this site keep removing my post, and I have to remake a half assed one everyday and forget to put information needed in them for people to understand.
https://bitcointalk.org/index.php?topic=5135915.0
TimeBits (OP)
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May 02, 2019, 05:13:02 AM
 #22

I have two workers for me, 1 duration token = 1 hour (collected via universal basic income)
1 hour = 10$ (if you feel the need to convert into fiat or the country's base wage)

One worker I pay 10$ because they are new or 1 token an hour
One worker I pay 20$ because they are experienced or 2 tokens an hour

in one hour the first worker earns 1 token
in one hour the second worked earns 2 tokens
TimeBits (OP)
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May 02, 2019, 05:39:15 AM
 #23

You know what I sold my soul for as a kid? I asked to be the best counter strike player in the world, I never became the best counter strike "game" player in the world
https://www.youtube.com/watch?v=HcELlXAN31Y
jjjfff
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May 02, 2019, 06:02:44 AM
 #24

If you could make any economy/token/currency token what would you make?
 
Thought experiment: all of last year's bitcoin history just happened in a parallel universe, and you all have no access to the main blockchain.
You do have the source code, and are free to start/join any blockchain you'd like.

Which block chain would you invest in? (What characteristics would you tweak from the current main blockhain?)
In fact, I guess you should keep a portfolio of coins from several different blockchains. How would you allocate that portfolio?

The main tweakable characteristic of the current chain is it's maturation time: Let's call 21,000,000 bitcoin 1 Megatoshi.
Then, the key difference between the chains is the "Megatoshi half life": the current chain has a half life of about four years - every four years the number of bitcoins not yet generated is halved. How would you diverge your portfolio in this respect? Would there be sense in investing in different blockchains with the same half life and other characteristics, or will there be only a few different chains, and no two chains will have the same intrinsic characteristics?

Note that this has a real impact on the potential growth of your chain - too short a half life (like 10 minutes) means that all the coins are generated too fast, the public doesn't have enough time to join, and your coins will essentially be worthless. A half life of a millenia means nobody can generated hardly any coin, and your coins are again worthless.

Four years seems like a magic number (another credit to Satoshi's brilliance), but I'm wondering if in this thought experiment you would want to diversify at all. Perhaps even in this case the masses will converge into a single block chain, simply for the added security in masses that the dominant blockchain conveys.

One that is for the people, by the people

1. one with decentralized voting built into it, so we can vote on issues rather voting people to vote for us. (unlimited jobs created for when robots take over, universal basic income)
2. one where the tx fees go to support global projects (garbage,hospitals,self sustaining farms, back up housing for the people in natural disasters,food for the working class, gas for the working class and the decentralized voting allows us the people to say where our taxes go)
3. one with a fairly distributed supply (weather it be equal hashing power to all users on the network or duration dispensed into unique address verified by picture and fingerprint or we could even do blood, via file sharing / and populations? if don`t unite)
4. one with a built in exchange p2p trading(these banks getting "hacked" then getting bailed out by other banks or governments need to stop)
5. one that people would not trade for the current fiat because it is the new fiat
6. one that does leave our future generations enslaved because we mined it all before them (we all should start the race equally no matter if we are born later in life, bitcoin is a 100% premine to anyone being born after 2025 pretty much and watch the ending of huntercoin on youtube the simulation of what happens)
7. one that is not another mans money supply, but everyone creates the supply so it is everyone's
8. one that is not so harsh on the environment and power usage but instead uses the power to good use and does not create waste
9. one that the united nations united to become the "united nation" to create because they are the people to do this and make it work slowly I mean they got unlimited funds already. (and no one needs to give up anything they already own)
10. I would not need another one

https://www.youtube.com/watch?v=pvuN_WvF1to
I guess us Germans can put it behind and forgive you to  Grin, Water under the bridge brothers.
Oh, Can we also allow woman to not be forced to wear a shirt over their nipples I mean equality #freetheboob2020 come on there is African tribes that seem fine without that silly law. Plus boobs release stress just by looking at them.  Grin There would be a lot less people doing church shootings or blowing up mosque and synagogues if they were looking at some boobs on the drive over. I mean that should be up the ladies if they want to show them or not, just like us men can. I mean if everyone voted on that issue I think it would be like a 90/10 split for yes.  Cheesy

I would give half of my income to satoshi each time I got some and earned some, he or she or them deserve it, they gave the bankers and governments a out, no one needs to die, and we can start focusing on space exploration that is another unlimited job or what were going to do when that sun burns out.

wait a second how does this post have Read 1058 views but only 3 comments?  You guys have no thoughts?

https://bitcointalk.org/index.php?topic=5135915.0 (The Solutions) I have created 1 more since this post and that is to back material goods with coins. I mean to back coins with goods and yes you can make timed currencies for perishable goods so the coins expire when the fruit does.


It's hard coming up with any improvements to Bitcoin which would justify inventing something new that isn't Bitcoin itself. Everything I think about it comes back to BTC for some reason.

If I were totally in charge of the first Bitcoin ever, I'd make it 1 billion coins instead of 21 million. I'd also make blocks spaced every 1 minute and difficulty adjustments more often. This would probably avoid the november 2017 issues where mempool got clogged.

Otherwise I can't think of a better currency idea than Bitcoin itself. Most amazing financial invention since fiat money itself.


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May 02, 2019, 04:37:47 PM
 #25

I would personally create some sort of mobile app coin, like it doesn't even have to be on computers or it doesn't have to be on anything else, I would create it as proof of stake so that people with most of the amount could get more (would help price go up since people will want to buy more) and since its on apple store and google store it will be on almost all phones and all tablets which would make it easier for companies to accept payments.

You can go to grocery store, you can ride a taxi, you can go to cinema, you can go do anything and pay with your phone because except your wallet phone is one thing we are not leaving at home. Of course, charging is an issue so if your phone runs out of battery that needs a solution, I don't know how but that would create a problem so I don't know how that could be resolved but mobile app payments are really the future here.

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Adriano2010
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May 02, 2019, 05:37:32 PM
 #26

If i can i will also create a coin which to be distributed on mobile phones and more and more people get it, and also to have option to exchange it directly on app over time with other users, and integrate more wallets on app and who want to use which wallet want, and also to have option to pay with app when they buy food or anything where crypto is accepted.
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May 02, 2019, 07:41:06 PM
 #27

Personally I would make one global coin with fixed value, I mean let's take 1$=1$, nothing more or less, no trading, no inflation, limited supply. This way there won't be as much dump/rise in products' prices (usually rise, haven't seen noticable dump). And would make this things absolutely dedicated from banks, banking system is the worst, so why to keep bad things? Not a bad idea, maybe...

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May 02, 2019, 08:15:54 PM
 #28

Definitely a precise and easy to use applications that can easily have a transaction with each other. Since we have a local wallet like coins.ph, I would like to create a platform that is similar to it and would like to create its own currency for transaction. It will include all of the transactions needed in the daily life of a Filipino citizen like cellular loads, online money, and money transfer. This will be also a btc dependent so we can make a huge profit on it with the help of our investors.
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May 03, 2019, 12:11:58 AM
 #29

I don't know if I will be able to create one but all I know is that I want a crypto currency that is easy to use and a lot of people can use it despite the fact that they are not that used on using such currencies or technology. I can't really say other things because whenever I add some features of it, I think of other cryptos that are already in the market so I'll just leave it that way.

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May 03, 2019, 07:10:16 AM
 #30

I don't know if I will be able to create one but all I know is that I want a crypto currency that is easy to use and a lot of people can use it despite the fact that they are not that used on using such currencies or technology. I can't really say other things because whenever I add some features of it, I think of other cryptos that are already in the market so I'll just leave it that way.
better if we have no any skill and knowledge to developt project or currency in this market , don't ever do this.it is not easy to developt projects that usable in our life.we know much token or currency could not used in our real life.
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