Another on topic post deleted !?!

[BitcoinFX]

Another on topic post deleted !?!

A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

What I mean is, something similar to what these guys are doing in Foldincoin, Gridcoin, etc:

https://www.foldingcoin.net/
https://gridcoin.us/
http://www.trnicely.net/dense/dense1.html

There are many critics of Bitcoin that argue how "Bitcoin's PoW wastes too much energy". I can easily refute that by pointing to how it secures your bitcoins being safe. However, what if we also had hashes being solved that were relevant in other contexts (see examples provided). We could make multiple points of the hashrate usage.

Did satoshi avoid this in purpose to avoid possible game theoretical incentive problems so he made it strict bitcoin without side use cases?

The energy used in PoW must be "wasted".

Because of the difficulty adjustment and the economic incentives, the equilibrium cost of PoW approaches the value of the block reward. Even if the result of PoW is useful, then the cost of the "wasted" PoW will still approach the value of the block reward. So, nothing is accomplished by making the PoW generate something useful.

Let me demonstrate by example:

Suppose a hash rate of 1 exahash per block costs 1 BTC in energy costs and earns 1 BTC per block on average. In this case, 1 BTC worth of energy is "wasted".

Now suppose that a use for hashes is found and 1 exahash can be sold for 0.5 BTC. We can now say that only 0.5 BTC worth of energy is "wasted". Not so fast. Mining costs 1 BTC per block, but now earns 1.5 BTC so miners will certainly increase their capacity in order to make more money.

In this scenario, miners will double their hash rate on average. Note that the difficulty will also double because the total hash rate has doubled.

Now, 2 exahash per block costs 2 BTC, but it earns 1 BTC per block plus the hashes sell for 1 BTC. As you can see, we are back where we started where 1 BTC worth of energy is "wasted", even though mining also generates something with value.

In case you were wondering, the case where hashes initially sell for more than the value of the block reward also gives the same results, assuming a normal demand curve.

"The energy used in PoW must be "wasted"." Not so !

Allow me to show you something else ...

- https://gapcoin.club/
- https://gapcoin.club/new-prime-gap-of-maximum-known-merit-press-release.php

Logarithmic Coin Issuance ...

- https://en.wikipedia.org/wiki/Logarithmic_spiral

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[bitmover]

You basically advertising an altcoin (which is also advertised in you signature btw) in a discussion, without any explanation about it and why it is relevant.

It is nice to see it is deleted.
 
If you want people to cluck on your links, try to be more informative.

[BitcoinFX]

You basically advertising an altcoin (which is also advertised in you signature btw) in a discussion, without any explanation about it and why it is relevant.

It is nice to see it is deleted.
 
If you want people to cluck on your links, try to be more informative.

I'm someone who frequently edits my own topics and posts with additional information ...

The links posted reference a Useful Proof-of-Work in an altcoin (yes), being directly related to the OP's third link.

Moreover, this example is on-chain as a functional cryptocurrency.

...

This is just more blatant and unnecessary censorship by bitcointalk mods.

[BitcoinFX]

You basically advertising an altcoin (which is also advertised in you signature btw) in a discussion, without any explanation about it and why it is relevant.

It's not advertising and have correlation with topic, even though i doubt people would understand what he's trying to tell without check the links. Read both thread's topic and link/source carefully next time.

I'm someone who frequently edits my own topics and posts with additional information ...

Only you and very few member know about your custom. I'd bet it's deleted because reporter and moderator don't know about your custom.

I'd suggest add message such as "p.s. will add additional information later" on bottom of your post. Sometimes i do that when i want to give lots of information and my post never deleted.

This is just more blatant and unnecessary censorship by bitcointalk mods.

No, even few members who against LN (but have knowledge & bring argument with facts) is welcome here.

Indeed.

Now your off-topic - I have nothing against LN nor any requirement for anyone to fix anything that isn't already broken.  

If LN can improve a Bitcoin users privacy then it's of consideration.

Moreover, I do not expect a free pass or a free lunch. I have no agenda whatsoever.

p.s. will add additional information later

Additional: Censorship is bad because ... ###### ###### #### #### #### # ##### ##### ##### ###### ### ### # ###, #### ########################## # ####.

[Jet Cash]

Did it really need that massive quote. I missed your comment on first reading because of it.

[bitmover]

It's not advertising and have correlation with topic, even though i doubt people would understand what he's trying to tell without check the links. Read both thread's topic and link/source carefully next time.

I do not click on links that I don't know what they are
I don't click on links to know what they are.
I don't click on links to know of they are topic related.

This is basic security tips.

This guy is basically promoting some website to get clicks.. in a lazy way, without any explanation about the link.

The link may be useful , but he didn't explained and got deleted. Fair enough in my opinion.