Government, Bitcoin/Gold Limited Supply Problem, P2P Exchanges and Solutions!

[TimeBits]

The Worlds Solution https://www.youtube.com/watch?v=Y7TLFyK_3Pk  

The simulation
https://www.youtube.com/watch?v=Q41RW6bxpM4
The end of the simulation
https://www.youtube.com/watch?v=jYJVG1fKnRo

"Time is money"  -Benjamin Franklin
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -Henry Ford

If you have a better solution or idea to it feel free to enlighten me and the world.


This is the other solution I just thought of

Everyone create their own token with the same supply. It takes 3 clicks  
That way when you run out you got to work for someone else, make the coins exchangeable into a common coin called "coin" with the same supply as all the rest combined.

https://www.youtube.com/watch?v=bowyBKPt15U

Just make your own I will trade you 1 Mikecoin2.0 for 1 Yourcoin, if your supply is the same as mine and you only own 1 account.
I can look on the network, see what address created that coin, see you have uploaded a picture of you and have one account, and trust to trade with you at 1:1 if both our supplies are 1000
Who wants to trade? oh, the exchange is already built in as well, nice.


...WAIT   WE COULD MAKE OUR OWN SUPPLY AND NOT WORK FOR MR.ROTHCHILDS UNTIL WE RUN OUT OF OUR OWN, IN WHICH CASE WE COULD WORK FOR ANYONE`S SUPPLY RATHER THAN MR.ROCKEFLLARS OR MR.CANADA'S OR UNCLESAMS

[TimeBits]

"well bitcoins Divisible down to 8 decimal places and if needed we can add more via censuses of the network"
When private cooperation`s or bankers or governments or groups own 51% or the network it is not decentralized and you will have no say.  China already owns 81% of the hashing power btw.

and sure... but it is still not fairly distributed, also you will be adding more and more decimal places and lower and lower tx fees until the day you die. To the point where miners will not mine to support the network and there will not be one.

The tax fees should also be going to support projects, like clean water, food, shelter and space exploration and "governments" aka US THE PEOPLE (that we all vote on where the money goes). Not to run a network that uses more energy than Ireland and soon to be more than Canada in the next 10 years.

[Haunebu]

Your statement about China controlling majority of the hash power currently could change since they might effectively ban crypto mining in their country pretty soon which could help improve the decentralization aspect of Bitcoin.

Even though Bitcoin is centralized to an extent, it is still leaps and bounds better than traditional FIAT, gold etc which are almost completely centralized.

[TimeBits]

Your statement about China controlling majority of the hash power currently could change since they might effectively ban crypto mining in their country pretty soon which could help improve the decentralization aspect of Bitcoin.

Even though Bitcoin is centralized to an extent, it is still leaps and bounds better than traditional FIAT, gold etc which are almost completely centralized.

I agree, fiat needs to go and sure bitcoin is better in some aspects, but also has the flaw in the end game like gold has with bitcoin (WATCH THE SIMULATION) I played in it and killed the AI king twice who was basically using aimbot). It becomes like a game of jenga where the bottom keeps giving to the top and eventually collapses, the bottom has no way to reforge the resources, or like a slinky where the bottom pulls the top so hard down they fall another step and we all end up on the ground.
 
https://www.youtube.com/watch?v=U4B1ZfL5LA8 (in the end no matter what you do, if the bottom is not getting new pieces it falls, it always ends the same)

In a time/duration dispensing system, the bottom constantly gets reinforced and the tower at the top will not fall.

The trickle-up effect, ever watch a volcano create land? There is a reason that land does not fall back into the ocean, like Hawaii, it is only because the water level is rising does it appear to be falling, but if the water level never rises, the land does not sink.  

We need the gold to go to space anyways so we can`t use that and we need the power usage of the bitcoin network to be useful.

[Artemis3]

In a time/duration dispensing system, the bottom constantly gets reinforced and the tower at the top will not fall.

The trickle-up effect, ever watch a volcano create land? There is a reason that land does not fall back into the ocean, like Hawaii, it is only because the water level is rising does it appear to be falling, but if the water level never rises, the land does not sink.   

We need the gold to go to space anyways so we can`t use that and we need the power usage of the bitcoin network to be useful.

And in space we might find more gold that, if brought back to earth, will lower its value. So there is that.

You can see Bitcoin as 21,000,000 bitcoin units or 2,100,000,000,000,000 satoshi units, but its still a fixed amount by code that could only be changed by the vast majority of its owners, something that might probably never happen unless its value goes so high that even 1 satoshi becomes impractical to use.

In reality resources ON earth are limited, but in space you need to spend resources to find more resources. And yes, you could run out of resources before finding any if you mismanage their use. There are several resource games out there and you can see the same pattern repeat again and again.

[TimeBits]

In a time/duration dispensing system, the bottom constantly gets reinforced and the tower at the top will not fall.

The trickle-up effect, ever watch a volcano create land? There is a reason that land does not fall back into the ocean, like Hawaii, it is only because the water level is rising does it appear to be falling, but if the water level never rises, the land does not sink.  

We need the gold to go to space anyways so we can`t use that and we need the power usage of the bitcoin network to be useful.

And in space we might find more gold that, if brought back to earth, will lower its value. So there is that.

You can see Bitcoin as 21,000,000 bitcoin units or 2,100,000,000,000,000 satoshi units, but its still a fixed amount by code that could only be changed by the vast majority of its owners, something that might probably never happen unless its value goes so high that even 1 satoshi becomes impractical to use.

In reality resources ON earth are limited, but in space you need to spend resources to find more resources. And yes, you could run out of resources before finding any if you mismanage their use. There are several resource games out there and you can see the same pattern repeat again and again.

Well one thing is for sure, if we go back to the gold standard, there is not enough gold in the entire galaxy just to pay back Canada`s debt or the USA, just to get out of debt for America. That is 1,057,692,307.6875 Pounds. Where you going to put that?

To buy a coffee I need to spend more bitcoin in the transaction fee than the coffee is worth itself and wait 10 minutes(more like 30mins-2 hours in reality), that is impractical already.

[TimeBits]

I am surprised no one is like, Hey, this makes a lot of sense not converting time into cents and just keeping it as time and using a limited supply in a world where human population is only growing does not make sense, using another mans supply instead of a equally distributed money supply makes sense. Not using a physical good that we need in electronics and spaceships makes sense (gold).  Using the tax fees to support projects rather than miners makes sense. The simulation you have showed us is will happen.

I guess you are all to far down the green train that you are no longer human, you have gone so far away from a force you are willing to walk around and have been sucked into a force you are forced to walk around. All you see in your life is your fiat growing, you don`t even see 1 bitcoin as 1 bitcoin, you see 1 bitcoin as fiat, $5,500, "Yippy the price is going up! I told you, you should of invested when it was 10 cents"
You are humans gone orcs gone goblins.   Milton Friedman Jr`s. Heck after reading most of this forum just change the address bitcointalk.org to coinmarketcap.com you will save most of these people time.
"cause people currently are currency addicts and cryptonumismatists are steady collecting coin for the kill"

https://www.youtube.com/watch?v=ExEjXLMd4VA

Come on out fellows, the grass is green out here.  

[Yakamoto]

In a time/duration dispensing system, the bottom constantly gets reinforced and the tower at the top will not fall.

The trickle-up effect, ever watch a volcano create land? There is a reason that land does not fall back into the ocean, like Hawaii, it is only because the water level is rising does it appear to be falling, but if the water level never rises, the land does not sink.  

We need the gold to go to space anyways so we can`t use that and we need the power usage of the bitcoin network to be useful.

And in space we might find more gold that, if brought back to earth, will lower its value. So there is that.

You can see Bitcoin as 21,000,000 bitcoin units or 2,100,000,000,000,000 satoshi units, but its still a fixed amount by code that could only be changed by the vast majority of its owners, something that might probably never happen unless its value goes so high that even 1 satoshi becomes impractical to use.

In reality resources ON earth are limited, but in space you need to spend resources to find more resources. And yes, you could run out of resources before finding any if you mismanage their use. There are several resource games out there and you can see the same pattern repeat again and again.

Well one thing is for sure, if we go back to the gold standard, there is not enough gold in the entire galaxy just to pay back Canada`s debt or the USA, just to get out of debt for America. That is 1,057,692,307.6875 Pounds. Where you going to put that?

To buy a coffee I need to spend more bitcoin in the transaction fee than the coffee is worth itself and wait 10 minutes(more like 30mins-2 hours in reality), that is impractical already.

If there was ever a shift back to the gold standard it would result in a complete re-wiring of the system, per say. If I remember correctly it was Saddam who was thinking about breaking the petrodollar and getting his country back to a gold standard, which would completely break fiat economics. That part is kind of irrelevant, but worth noting for the context.

Countries that develop a gold (or alternatively-back currency) would likely be able to pay for their debts by having the currency valued insanely high, as a currency with a backing commodity is more valuable than fiat. It could also make the price of gold (in fiat) skyrocket to the point where it is valuable enough to pay debts. It's easier to default on the debt and then make the transition, though, so chances are no country would try to shuffle into a backed currency while they still have substantial debt.

The point of debt in the fiat system is to literally "create" money and enter an infinite cycle where everyone has to work to try and beat inflation, but absolutely never can. Backed currencies would force a country to not make full-moron expenditures on unnecessary programs. Meaning; it forces fiscal conservatism. Some people won't like that.

[BitHodler]

The point of debt in the fiat system is to literally "create" money and enter an infinite cycle where everyone has to work to try and beat inflation, but absolutely never can.

I agree that there is a very large number of people who can't outperform inflation, but there is also a large number of people who just blindly/wrongly assume that there isn't a way to outperform inflation. It's a very wrong attitude.

I am an average person myself in terms of overall wealth, but that doesn't mean I have to accept that the rich always enjoys an easy ride. What they can do, I can too. Not having millions to invest is a lame excuse.

With some effort and a certain degree of risk you can easily outperform inflation too. Bitcoin for example has yielded such an insane return throughout the last couple of years, that you have undone centuries worth of inflation.

[Artemis3]

If there was ever a shift back to the gold standard it would result in a complete re-wiring of the system, per say. If I remember correctly it was Saddam who was thinking about breaking the petrodollar and getting his country back to a gold standard, which would completely break fiat economics. That part is kind of irrelevant, but worth noting for the context.

Countries that develop a gold (or alternatively-back currency) would likely be able to pay for their debts by having the currency valued insanely high, as a currency with a backing commodity is more valuable than fiat. It could also make the price of gold (in fiat) skyrocket to the point where it is valuable enough to pay debts. It's easier to default on the debt and then make the transition, though, so chances are no country would try to shuffle into a backed currency while they still have substantial debt.

The point of debt in the fiat system is to literally "create" money and enter an infinite cycle where everyone has to work to try and beat inflation, but absolutely never can. Backed currencies would force a country to not make full-moron expenditures on unnecessary programs. Meaning; it forces fiscal conservatism. Some people won't like that.

The only problem with "backing" is the trust in the backer. You can have a "gold standard", and assume everyone isn't going to change their banknotes for gold at the same time... Then you get a repeat of the fractional reserve system again. In fact, it could be that countries like the USA were so deep in that already that dropping it was the safest thing to do (before somehow all Americans decided to demand their gold).

While money backed with "something" sounds almost like its that something, it isn't. A gold dollar coin is not the same as a dollar that represents an amount of gold equal to the same gold dollar coin. Even if you have trust, its still a promise you have to fulfill, and humans being humans, or human institutions, or governments, politicians, whatever, could come the day they don't fulfill it and plummets the price, just like a bankrun. (Or the legislative declares that the gold standard is now void).

When the Austrians wanted gold as money, they meant actual gold coins or ingots, anything you could melt at anytime and you don't have to trust that "someone" will give it to you when you request it (the same promise a bank does to you when you make a deposit).

So even if you say, that money is backed with gold, I'm not going to trust it the same as if it was gold itself. So its rather pointless.

[TimeBits]

In a time/duration dispensing system, the bottom constantly gets reinforced and the tower at the top will not fall.

The trickle-up effect, ever watch a volcano create land? There is a reason that land does not fall back into the ocean, like Hawaii, it is only because the water level is rising does it appear to be falling, but if the water level never rises, the land does not sink.  

We need the gold to go to space anyways so we can`t use that and we need the power usage of the bitcoin network to be useful.

And in space we might find more gold that, if brought back to earth, will lower its value. So there is that.

You can see Bitcoin as 21,000,000 bitcoin units or 2,100,000,000,000,000 satoshi units, but its still a fixed amount by code that could only be changed by the vast majority of its owners, something that might probably never happen unless its value goes so high that even 1 satoshi becomes impractical to use.

In reality resources ON earth are limited, but in space you need to spend resources to find more resources. And yes, you could run out of resources before finding any if you mismanage their use. There are several resource games out there and you can see the same pattern repeat again and again.

Well one thing is for sure, if we go back to the gold standard, there is not enough gold in the entire galaxy just to pay back Canada`s debt or the USA, just to get out of debt for America. That is 1,057,692,307.6875 Pounds. Where you going to put that?

To buy a coffee I need to spend more bitcoin in the transaction fee than the coffee is worth itself and wait 10 minutes(more like 30mins-2 hours in reality), that is impractical already.

If there was ever a shift back to the gold standard it would result in a complete re-wiring of the system, per say. If I remember correctly it was Saddam who was thinking about breaking the petrodollar and getting his country back to a gold standard, which would completely break fiat economics. That part is kind of irrelevant, but worth noting for the context.

Countries that develop a gold (or alternatively-back currency) would likely be able to pay for their debts by having the currency valued insanely high, as a currency with a backing commodity is more valuable than fiat. It could also make the price of gold (in fiat) skyrocket to the point where it is valuable enough to pay debts. It's easier to default on the debt and then make the transition, though, so chances are no country would try to shuffle into a backed currency while they still have substantial debt.

The point of debt in the fiat system is to literally "create" money and enter an infinite cycle where everyone has to work to try and beat inflation, but absolutely never can. Backed currencies would force a country to not make full-moron expenditures on unnecessary programs. Meaning; it forces fiscal conservatism. Some people won't like that.

Well Gold ends up like the end game of bitcoin, Same with the Oil or Petro you are talking about the simulation is there.
Ok sure, more Oil can come into existence but that only takes millions of years, not to mention how horrible it is for us and that atmosphere to be constantly burning. Lets pump the literal "death" into the air we breath that is some good logic. Also the petrodollar is not what is backing the USD, CAD or other fiats, it is just faith that people will accept it. What backs it is literally the people and their work AKA an individuals time and work within blocks of duration, Uneducated people not smart enough to question why they are working for literally monopoly money they just trade it because it has a nice picture on it because instead of leading the pack they just follow it and don`t question it. You see the same in religion so I am not surprised people believe in others thoughts rather than form their own.

In that case The Book of Revelation describes a war in heaven between angels led by the Archangel Michael against those led by "the dragon", identified as the devil or Satan, who are defeated and thrown down to the earth.[1][2] Revelation's war in heaven is related to the idea of fallen angels, and possible parallels have been proposed in the Hebrew Bible and the Dead Sea Scrolls.
So I killed Satan in my creators kingdom and now I am here to do it on earth, hey you Jewish people and Christians wrote it not me. I don`t even believe in Satan 

I actually thought of another currency other than time that can replenish over time so we don`t end up with that end game, food like cherries and peaches. Every year more comes into circulation, the only problem is that food gets consumed or rots and only has a short duration life span where as Time/Duration representation tokens only stop being accumulating when somebody dies, not like they need to accumulate anymore then anyways.

[TimeBits]

The point of debt in the fiat system is to literally "create" money and enter an infinite cycle where everyone has to work to try and beat inflation, but absolutely never can.

I agree that there is a very large number of people who can't outperform inflation, but there is also a large number of people who just blindly/wrongly assume that there isn't a way to outperform inflation. It's a very wrong attitude.

I am an average person myself in terms of overall wealth, but that doesn't mean I have to accept that the rich always enjoys an easy ride. What they can do, I can too. Not having millions to invest is a lame excuse.

With some effort and a certain degree of risk you can easily outperform inflation too. Bitcoin for example has yielded such an insane return throughout the last couple of years, that you have undone centuries worth of inflation.

wait so how do we pay back the debt? if in order to pay it back new money which creates more debt must be created.... (like bitcoin dust, old paper bills and loose change have ended up rotting away) so even if you took all the money in circulation you still would not have enough to pay back every dollar, even if we sold all stocks, goods and services you still would not have enough.

sure you got good returns in bitcoin, but that does not mean anything, how does bitcoin undo centuries worth of inflation of debt, it is measured in fiat... well to me 1bitcoin=1bitcoin but to most 1btc = $5,500 USD.

Now, Timed Currency and duration backed money, if were convertible to food, could pay it back.

[Yakamoto]

<snip>

<snip>

wait so how do we pay back the debt? if in order to pay it back new money which creates more debt must be created.... (like bitcoin dust, old paper bills and loose change have ended up rotting away) so even if you took all the money in circulation you still would not have enough to pay back every dollar.

sure you got good returns in bitcoin, but that does not mean anything, how does bitcoin undo centuries worth of inflation of debt, it is measured in fiat... well to me 1bitcoin=1bitcoin but to most 1btc = $5,500 USD.

The current system is broken, you literally have to re-create the entire system in order for backed currencies to be practical. That, or if a country was to undertake an effort to try and pay off their debt with commodities, those commodities will suddenly skyrocket in value, so that they're at least on par with the amount of debt that's trying to be paid off. That's what would happen with Bitcoin if it was to "pay off" debts as well; it's fiat value would skyrocket suddenly. At least, theoretically.

<snipped preceding quotes>
Well Gold ends up like the end game of bitcoin, Same with the Oil or Petro you are talking about the simulation is there.
Ok sure, more Oil can come into existence but that only takes millions of years, not to mention how horrible it is for us and that atmosphere to be constantly burning. Lets pump the literal "death" into the air we breath that is some good logic. Also the petrodollar is not what is backing the USD, CAD or other fiats, it is just faith that people will accept it. What backs it is literally the people and their work AKA an individuals time and work within blocks of duration, Uneducated people not smart enough to question why they are working for literally monopoly money they just trade it because it has a nice picture on it because instead of leading the pack they just follow it and don`t question it. You see the same in religion so I am not surprised people believe in others thoughts rather than form their own.

In that case The Book of Revelation describes a war in heaven between angels led by the Archangel Michael against those led by "the dragon", identified as the devil or Satan, who are defeated and thrown down to the earth.[1][2] Revelation's war in heaven is related to the idea of fallen angels, and possible parallels have been proposed in the Hebrew Bible and the Dead Sea Scrolls.
So I killed Satan in my creators kingdom and now I am here to do it on earth, hey you Jewish people and Christians wrote it not me. I don`t even believe in Satan

I actually thought of another currency other than time that can replenish over time so we don`t end up with that end game, food like cherries and peaches. Every year more comes into circulation, the only problem is that food gets consumed or rots and only has a short duration life span where as Time/Duration representation tokens only stop being accumulating when somebody dies, not like they need to accumulate anymore then anyways.

Time tokens would be of little more use than the currency we have. In fact, it's probably a better form of tallying value, and simpler. Imagine having to pay a certain amount of seconds or minutes for produce at the store, which directly correlates to your life. Plus, how would you manage the fact that people have varying life spans? You'd end up pricing things based on a predicted lifespan, but if it's cut short for (reasons), suddenly everything's scuffed in the economic system.

Now, if there was a way to convert these time tokens into an actual lifespan extension, like that movie "In Time", then maybe you have something going for you. But that's way beyond our current technological prowess.

[TimeBits]

Time tokens would be of little more use than the currency we have. In fact, it's probably a better form of tallying value, and simpler. Imagine having to pay a certain amount of seconds or minutes for produce at the store, which directly correlates to your life. Plus, how would you manage the fact that people have varying life spans? You'd end up pricing things based on a predicted lifespan, but if it's cut short for (reasons), suddenly everything's scuffed in the economic system.

Now, if there was a way to convert these time tokens into an actual lifespan extension, like that movie "In Time", then maybe you have something going for you. But that's way beyond our current technological prowess.
[/quote]

The time/duration tokens create equal distribution.
The time/duration tokens stop centralized banks(family's) creating money and create a decentralized medium of obtaining money.
The time/duration create the supply in which no one is in debt to it.
The tax fees from collecting duration will fund space programs, food, water and shelter and the decentralized government itself.
Active voters will be doing a job, which will make them more than base wage, they would get workforce base wage.
People enterprising or businesses could earn even more for trading goods and services.

Life span in a non factor, sure some people get less time than others on this planet, but you will still earn it at the same rate of "base wage or base time" kind of like minimum wage.
Which could either be 1 token every 1 hour or 1 hour itself if you`d like to look it in that way.

I could sell produce for 1 token, which represents 1 hour that you obtained from incremental duration being expended into your unique digital passport/address or from your enterprising earnings.
I could sell you 10 apples for 1 token which represents 1 hour or 1 apple for .1 of a token which represents 1/10th of a hour.

I been going to the market since I was a kid, I am a farmer, I could charge you 2 hours if I wanted for 10 apples or charge you 3 hours for 10 apples, whatever I want, That is up to the seller to decide and the buyer to agree upon or not buy, just like how I could charge you 10$ or 15$. Just like mcdonalds charges $2.50 for a mcdouble, they can charge whatever they want.

(e.g. if the average hourly rate is 1 token, then a commodity valued at 1 token in the national currency(time/duration) would be equivalent to 1 hour).

I mean just some ideas. I don`t have any system created to do this, but It is possible with tech we have today. I am not a programmer, I am a farmer and pro gamer, top 100 in starcraft2, top 10 in overwatch, top 2 in planetary annihilation, top 1 in heroes of the storm, top 1 in pubg first person solo`s, top 1 huntercoin king killer. I look at the economy as a game now and everything.

[TimeBits]

I guess I better get learning some more programming so I can free my own race and species humans from the $lavery $ystem.

Have a nice day anyone who took the "time" out to watch the video in full, Thanks I owe you 30 minutes of time tokens when I am done the system. I will also be valuing my time at half time that way people that still have the silver back alpha ego gorilla gene in them can feel better than someone else. Don`t worry I take one for the team.

https://www.youtube.com/watch?v=kTdaWUDeGsg



No that is a representation of a democracy, A true democracy is run by all the people it`s like 3 wolves(or the pack) voting what is for dinner.
vote people to vote for you, what a joke.

[TimeBits]

my bars, first song I ever made lol, sorry I am white boy I got no flow.

https://www.youtube.com/watch?v=LrWeGm4KDBM

anyhow back to fixing this $cam $lavery $ystem

[TimeBits]

Any top tier members care to give insight?  

How does the general public mine bitcoin in the future when there is none left to mine?
"well they work for it", you think future generations will think that is fair? you guys got to mine it all and the rest of us have to bust our balls for it?

Sure people will get tax fee`s, but why are these tax fees not supporting public decentralized projects that the people vote on where the tax goes?
That is the point of tax, our current tax pays for our garbage disposal, roads, police force, hospitals, military and firefighters but, mostly lining politicians pockets to play golf and sleep on the job.

If we are all the government we could line our own pockets and vote where the money goes.    

[TimeBits]

Caveman Economics  https://www.youtube.com/watch?v=U_SVexaSMwk

This is a pretty good system because at the end when we all go to collect our clams the bankers will not have any balls left to reproduce their genes into the pool.

[CryptoBry]

Your statement about China controlling majority of the hash power currently could change since they might effectively ban crypto mining in their country pretty soon which could help improve the decentralization aspect of Bitcoin.

Even though Bitcoin is centralized to an extent, it is still leaps and bounds better than traditional FIAT, gold etc which are almost completely centralized.

Hopefully, that decision of the Chinese government to stop Bitcoin mining activities within its boundaries can actually be doing good for the whole industry so that there will be no more concentration of has power in a single country going forward with the ideal decentralized state. Even though I am sure that many Chinese are still into Bitcoin, we should not allow a single country to be a major clout with this industry especially with a government with a closed mind.

[TimeBits]

Your statement about China controlling majority of the hash power currently could change since they might effectively ban crypto mining in their country pretty soon which could help improve the decentralization aspect of Bitcoin.

Even though Bitcoin is centralized to an extent, it is still leaps and bounds better than traditional FIAT, gold etc which are almost completely centralized.

Hopefully, that decision of the Chinese government to stop Bitcoin mining activities within its boundaries can actually be doing good for the whole industry so that there will be no more concentration of has power in a single country going forward with the ideal decentralized state. Even though I am sure that many Chinese are still into Bitcoin, we should not allow a single country to be a major clout with this industry especially with a government with a closed mind.

Well they should own 1/3rd of the hashing power, if we are going by populations and that is how hashing power should be divided between governments in the new system.
but 81% is a little nutty. Imagine if they united into one pool.