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

[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.

In fact hashing power should be equal from all people using the network, that is how you make fair distribution and fair rewards.

Now if everyone is earning time tokens at the same duration, 1 second a second or 1 token a second, it is the same thing, kind of like this www.bitswift.cash , anyone can claim every time that bar fills up.
as showing at this time stamp in the video https://youtu.be/Y7TLFyK_3Pk?t=846

[TimeBits]

Wait but where is my supply that can buy anything.... Oh I got work for yours?
https://www.youtube.com/watch?v=oMKCDvFSzIA

[ApplePieForMe]

One interesting argument I've been following is by Peter Schiff who is permbull on gold and quite pessimistic on bitcoin is that you can fork bitcoin and therefore we can't talk about limited supply.

But it wouldn't be Bitcoin, I get it. It would be Bitcoin2 or whatever. However the properties would be the same the only thing it doesn't have is the trust and network right.

[TimeBits]

One interesting argument I've been following is by Peter Schiff who is permbull on gold and quite pessimistic on bitcoin is that you can fork bitcoin and therefore we can't talk about limited supply.

But it wouldn't be Bitcoin, I get it. It would be Bitcoin2 or whatever. However the properties would be the same the only thing it doesn't have is the trust and network right.

There has already been 44 forks
https://thenextweb.com/hardfork/2018/05/22/bitcoin-hard-fork-useless/
I got to say, people using or investing in anything like that is silly, It it pretty much like investing into counterfeit fiat. Trading your gold for fake gold. You want silver use litecoin(or another altcoin that actually has more tech features) not bitcoin cash or diamond or private. Infact the guy that created bitcoin cash, Satoshi should sue him for copyright and counterfeiting.  

Correct, but right now you are leaving 81% trust to the Chinese as that is where most of the hashing power is coming from, I do agree the Chinese miners are 1/3rd of the population and should have 33.3333 of the hashing power but not 81% in one country that is not a smart "decentralized" network, Instead each person on the network should have equal hashing power to provide equal distribution and a network not prone to 51% attacks.

But yah, if the fork becomes the main chain that people use, then it does become "bitcoin"
Example: (Eth classic is the real eth, but more people use ETH now and ETH is considered the main chain.

If the network agrees to reset the chain and go back to before the fork then that would be the bitcoin. It is up to the censuses of the network, just keep in mind 81% of the users in the censuses are from China.  That does not appeal to me as I am from Canada and unlike my country they seem to work together better, like a hive mind colony.

So it is up to the network to decide what is Bitcoin or "Bitcoin2"

From what I understand, maybe another member can give insight into this.

[TimeBits]

One interesting argument I've been following is by Peter Schiff who is permbull on gold and quite pessimistic on bitcoin is that you can fork bitcoin and therefore we can't talk about limited supply.

But it wouldn't be Bitcoin, I get it. It would be Bitcoin2 or whatever. However the properties would be the same the only thing it doesn't have is the trust and network right.

https://www.youtube.com/watch?v=NSQVVHyvOZU
https://www.youtube.com/watch?v=bE15s_v_UWw
https://www.youtube.com/watch?v=h_Z-gFR2oEA
https://www.youtube.com/watch?v=TrNipeP4HvQ
https://www.youtube.com/watch?v=DcG2uACfhSg

When I was a kid watching married with children, Roseanne or Southpark and shows like that, I would see about 20-50 of these commercials a day. I wonder why they want to go back to gold standard, THEY OWN IT ALL.            
Guess what happens when we go back to gold, watch the video at the start of this post, not to mention using a resource we need to make computers and electronics and stuff to go to space as your currency is not the brightest.

A year earlier, in 1933, Executive Order 6102 had made it a criminal offense for U.S. citizens to own or trade gold anywhere in the world, with exceptions for some jewelry and collector's coins. ... By 1975 Americans could again freely own and trade gold.

Yah let`s go back to gold Peter Chiff!  

[TimeBits]

So here is the other Solution.

Everyone create their own token with the same supply. It takes 3 clicks   

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

[TimeBits]

*kicks the hornet's nest* and the swarm is headed towards me..... *shrugs*

https://www.youtube.com/watch?v=HdNn5TZu6R8
our fiat supply with limited supplies vs the fiat with endless supplies
"GIVE THEM NOTHING!" NOT YOUR LIMITED TIME, NOT YOUR HARD WORK, NOT YOUR LIMITED SUPPLY FOR THEIR UNLIMITED B.S, YOU FOOLS.

me:
https://www.youtube.com/watch?v=3NaIs8B0Quk

https://www.youtube.com/watch?v=F8ViYsqyZ_E
"help me you chickens"

[TimeBits]

Although if Satoshi bought and Island and started his own government and they were only to accept bitcoin with a few changes (to cut power usage and starting distribution sure you get as much as you want you created it I am cool with you being the 1%er), I would do farming for free for us and building/roofing. I am a jack of all trades. Within a year we could all have farmbots feeding us and public housing with backups, people would only have time to commit to building the self sustaining society even more self sustaining and doing the things they love. We could watch the rest of the world like how they watch uncontacted tribes live back in the wood age, it could be our reality tv show. Although we would have to do something when they start launching nukes at each other. Pretty easy, make drones that scan your face and if your not on the chain. PEW PEW YOU LOSE.

[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.

o btw you know Ancient Greece used to be a democracy https://www.youtube.com/watch?v=dj5VZ0tUhOg , the only reason they stopped is population got to high it was not feasible so they elected representatives. They did not have computers and the tech we have today.
it is this simple now
https://www.strawpoll.me/17898481
https://www.strawpoll.me/17898472

This is the problem with electoral votes and representation of democracy
 
Example: 100 people in a gym

We vote Bill, Ted and Sally to represent us (left, middle, right) (trump, hillary) ( Conservative Party, Liberal Party, New Democratic Party)
for this example we will use Bill, Ted and Sally

Bill wants to play hockey in the gym
Ted wants to play basket ball in the gym
Sally wants to play soccer in the gym

97% (if us the people, want to play dodge ball)

But now we are stuck playing hockey, basket ball or soccer.
or passing the most ridiculous laws ever, so they can line their pockets and us the general public get no benefit from it.
*cough* carbon tax *cough* yah when those plants screw over all the farm land good luck guys.

if 50.0000000000000000001% of us want to play dodge ball were freaking playing dodgeball or don`t play that is fine to.

(we can do repolls if it is ever that close)let`s say it is a 50/50 between football and rugby, ok we repoll the same thing 50/50 3 times in a row, leave it to the coin flip baby, just dice it.

The genesis block appears on the global wallet and opens its secrets and mystery's never seen before

https://justflipacoin.com/
 
ok looks like we are playing Rugby my doods.
  

[TimeBits]

George Carlin https://www.youtube.com/watch?v=n-p9uTw2xuI  (he is right, they will spill ours if we don`t do something, all it takes is a DNA swap and if your blood does not match their blood your race is GONE) or a drone that has a database of face scans. *cough facebook cough*

So let`s say bitcoin replaces fiat, it won`t until we get rid of the governments

But lets say in some sort of miracle this happens or we start a new society(we find a island not claimed by the U.N) not ruled by the few and ruled by all, Where we trade bitcoin only.

What happens when we mine it all out? do the younger generations need to live on there knees for the elders supply? Why does the younger generation (the ones that will be taking care of the elders) why do they not get a equal chance to mine? Why are they forced into a $lavery $ystem? Where the current system makes it literally impossible to live off the land and have another option because we have stolen all the land and polluted it.

Does Satoshi not believe in equality?

I will tell you right now, I farmed 50 acres my entire life (small family farm). Peaches, Cherries, Broccoli, Sun flowers, Beans, Cucumbers, Apples, Pears and Nectarines. You are not eating my food supply anymore. I kept well over a million people alive. Someone else can do it this year. This year all my fruit will go to the animals. They deserve it more than you bankers, politicians and military. They create life rather than mass death and enslavement.  Anyone who wants to trade their time (doing work on the farm), can eat this year for free.

[jpnl0008]

in reality, there is indeed no idea that is a waste and the challenges are always implementation and its usage in the real life scenario. when everybody creates his or her coin, there will be loads of controversial uprisings as we still have people who will involve in fraudulent activities of making or cooking up coins that will only be use for one transaction and then destroyed and in such a case what becomes your insurance policy

[TimeBits]

in reality, there is indeed no idea that is a waste and the challenges are always implementation and its usage in the real life scenario. when everybody creates his or her coin, there will be loads of controversial uprisings as we still have people who will involve in fraudulent activities of making or cooking up coins that will only be use for one transaction and then destroyed and in such a case what becomes your insurance policy

What is this insurance policy you are talking about? I never said anything about insurance policy's. Why would they only be used for one transaction? they would be used for your entire life.  I can tell you did not even watch the videos, go watch them or have no idea about the concept I am talking about.


"will be loads of controversial uprisings as we still have people who will involve in fraudulent activities of making or cooking up coin"

Brother what do you think every altcoin is or even bitcoin or even "government" fiat?? This stops it by having a universal passport(fingerprint and photo) attached to your unique address. so you can only "cook up" your own single coin. Which if is created with more supply than mine, I will not value at a 1:1. In which case everyone will get the same start if we all produce 1000 tokens, and if you want to waste your altcoin, buying gucci, supreme and lamborghini's. You will have to work for it back.

[TimeBits]

So TL:DR I will sum this up fast.

Why vote people to vote for you? (democracy/decentralized voting is here)
Why give you bitcoin to another man to exchange with another man? (decentralized p2p exchanges are here) cut the middle man that always gets hacked (mt.gox, quadriga, poloniex the list goes on) and keep the money in your own wallet!
Why work for another mans money supply? (anyone can make crypto with 3 clicks on this network)
Why use a limited supply that in the end will get us killed and also en$laves our children (watch the simulation)
Why use a unfairly distributed supply? (common sense, we all equals here)  
Why not use time as a currency? it is what really backs the entire system we use today (you work for 8 hours you get 8 tokens(or hours), why exchange time into money?)
Why do none of you care? Is this post being blocked again? hello? brothers and sisters are you there? WAKE UP BEFORE IT IS TO LATE AND THEY HAVE ROBOTS KILLING US ALL THROUGH DNA AND FACE SCANS!

https://www.youtube.com/watch?v=AtgfzzwoyK4

[TimeBits]

I have two workers for me, 1 duration token = 1 hour (collected via universal basic income through duration mining)
1 hour = 10$ or 1 time token (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]

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

[TimeBits]

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  , 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.  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. 

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.