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Author Topic: So when bitcoin version 2 satoshi?  (Read 268 times)
hsdjkahskjdh (OP)
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May 18, 2023, 12:43:21 PM
 #21


There is nothing like fair distribution of money because there will always be a guy who will spend everything as soon as he gets it and the other one who will save and invest. Sooner or later one of them will be a millionaire and the other one will stay poor.

fair distribution upon creation of supply bud, not everyone has the same supply all the time.
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hsdjkahskjdh (OP)
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May 18, 2023, 12:49:13 PM
Last edit: May 18, 2023, 01:07:01 PM by hsdjkahskjdh
 #22

Bitcoin's distribution has been pretty fair — it's accessible to anyone that's heard of it and at the same time got interested in it.

If you want distribution to the point that even your grandchildren's grandchildren will have access to newly minted bitcoin, then you're pretty much describing a protocol with endless inflation. Might as well use your local currency?

fair distribution? 200 million bitcoin addresses with 106 million owners (most of them created by me and I am one guy) with 95% supply mined In a world of 8 billion.

No man, that is not fair distribution and 95% is already mined that leaves fk all for the rest that yet to still be born. Going to trade dust when network fee's cost more than your transactions?
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May 18, 2023, 01:38:37 PM
 #23

Your account was made in August 28, 2021
I been here since 2012ish bud, I understand it is a scam to the future of humanity and just ends in bloodshed.

It seems that what @retreat said is quite true and the advice given by @Tytanowy Janusz you must do as soon as possible friends Cheesy
Are you hallucinating? Your account was created in 2021 but you say you are here since 2012? hm my logic doesn't really get here, sorry lol
You say in this case bitcoin is a fraud for the future of humanity and will only end in bloodshed, but on the other hand you expect bitcoin version 2? What for? adding more fraud?Cheesy

thanks to those of you who really provide entertainment and make me laugh this time but it's a shame you're on my ignore list from the time i wrote this.

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May 18, 2023, 03:22:58 PM
 #24

Would Dogecoin satisfy your requirement OP? It has inflationary supply where 5 billion DOGE is created every year. And talking about Bitcoin version 2, there are already many altcoin which claim to be next Bitcoin or Bitcoin successor.

You know fiat can buy it all and the central bankers still win.

There's no guarantee they'll win/success in the end. I'd recommend you and other reader to look up about "Silver Thursday" or "The Hunt Brothers".

No a coin where everyone starts with same LIMITED supply would, where some of the network fee goes back to all users and they can only have one account for universal basic income/welfare/disability/pensions and some of the network fee is pooled for users to vote on where they are used.

That would be legit.

Isn't some altcoin already implemented this thought where part of the transaction fee will go to holders, just to justify their 10% tx fee.  Grin, alas they have not succeeded in implementing this idea because the project died even before it got popular or the developer rug pulled and run with the investors' money.

Your thought sounds like there is a need for KYC, so it is pointing toward centralization.  Since you need to verify users in order to limit them to only one account.  If not, your plan is susceptible to exploitation.

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Tytanowy Janusz
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May 19, 2023, 01:02:17 PM
 #25


There is nothing like fair distribution of money because there will always be a guy who will spend everything as soon as he gets it and the other one who will save and invest. Sooner or later one of them will be a millionaire and the other one will stay poor.

fair distribution upon creation of supply bud, not everyone has the same supply all the time.

every means of payment will sooner or later be monopolized (centralized) by some (smart,enterprising and brave) at the expense of others (timid, not as inteligent, etc.). You can't change that in any way, unless you create the future symilar to "Brave New World" by Aldous Huxley, where people do not have property but also desires, goals, ideas and any emotional deficiencies are drowned out by the perfect happiness-producing drug called "soma".

there is nothing wrong with bitcoin distribution. there is nothing wrong with the fact that in extreme cases, after a decade or two, a few identities will have 90% supply, because the future of the network is determined by miners and not owners (this is not a POS). There is nothing wrong with this as long as no one can steal or devalue money you already earned.

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May 19, 2023, 01:09:50 PM
 #26

When you make a bitcoin that has fair distribution?

When someone invents time travel, or when a majority decide they don't care about a fixed supply.  

Think about it.  The current generation of Bitcoin users will have descendants and the next generation will have descendants of their own.  And all of those future generations could claim it's "unfair" that our generation had access to a large supply of coins and grabbed them all, leaving fewer for their generation to obtain.  Even if we began the experiment all over again from scratch today with what you believe is a "fair distribution", a fixed supply means our eventual offspring would always be at a disadvantage.

Better hurry up and invent time travel, because I don't think we're giving up the fixed supply any time soon.   Tongue

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May 20, 2023, 03:02:28 AM
 #27

I think just enjoy the bitcoin that exists now because what I know bitcoin will be valuable if BTC has a limited supply.

the point is we don't have a lot of no-no thoughts
In my opinion, the most important thing in the world of BTC investment is a good investment strategy because with good investment techniques we will benefit.

so just enjoy the existing btc. and if you are interested, prepare a lot of btc for the future because the supply of btc is limited.

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May 21, 2023, 08:48:45 AM
 #28

Do you expect everyone born today or in the future should be able to mine Bitcoins, is that what you would call fair distribution? That is never going to happen and even if a coin is created like that, it will be a worthless coin that no one would use or care about just like meme coins that have a supply of billions of tokens and no value at all.

Bitcoin would never have a value this high or become this successful if it had a supply so high that almost anyone could have some Bitcoins, the only reason why Bitcoin is so popular is because of its limited supply and high demand.

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