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Author Topic: Monocoinism vs. Polycoinism  (Read 1732 times)
2112
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January 07, 2012, 12:06:31 AM
 #1

The recent ruckus in the alt-chain sub-forum made me think about the comparative religion classes I took long time ago. If you aren't familiar with it: gmaxwell and Luke-Jr went medieval (http://www.urbandictionary.com/define.php?term=go+medieval) on Coiledcoin, a baby alt-chain launched by markm makomk.

In particular the stilted writing of Luke-Jr reminded me of some religious intolerance propaganda that we studied in comparative religion. I thus propose two new words:

1) monocoinism, by analogy to monotheism, is a belief that there exist only one true coin: Bitcoin. Like in Abrahamic religions the first commandment is "Thou shalt have none other chains before mine".

2) polycoinism, by analogy to polytheism, is a belief that the pantheon of coins has a room for many of them. Bitcoin is like Zeus in the ancient Greek mythology: father of Gods and men, king of all coins.

Furthermore I propose that we also start using derived adjectives and insults, eg. "You monocoinist asshat" or "You polycoinist scammer!"

Thank you for your time.

Please comment, critique, criticize or ridicule BIP 2112: https://bitcointalk.org/index.php?topic=54382.0
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January 07, 2012, 12:13:24 AM
 #2

I guess I'm a polycoinist.  As long as your supply curve is horizontally asymptotic.  I don't trust those vertical asymptotes.

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January 07, 2012, 12:30:24 AM
 #3

So Bitcoin for 3 years and already there are crusades. That's just great.
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January 07, 2012, 12:33:09 AM
 #4

I am a bit-nilihist and realize that this software is only a means to an end.

Who the hell treats a man-made tool as a God?

Actually, why should I put a inanimate concept above myself?

Hector Con Carne, Leader of Evil Con Carne International (http://www.youtube.com/watch?v=HRjqEGYAAPM)
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January 07, 2012, 12:59:49 AM
 #5

monocoinist dominance. We shall keep the bitpool pure.
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January 07, 2012, 01:11:32 AM
 #6


I'm a 'believer' in both.  Multiple block-chains deriving much of their value and lending much of their support to 'the chosen one' (bitcoin of course.)

In this way the 'chosen one' remains simple, robust, and not in need of a OC-48 network connectivity to run while the myriad of offspring compete, evolve, and spread the (possibly enormous) load of supporting as much economic activity as needed.

Not many disciples...but not much code either so I've got nothing to complain about Smiley


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January 07, 2012, 01:26:56 AM
 #7

I'd like to add im more a believer in duality.

Both bitcoin and namecoin are pure. They were touched by satoshi
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January 07, 2012, 01:56:06 AM
 #8

I wasn't expecting a Spanish Inquisition!  Grin

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January 07, 2012, 05:46:34 AM
 #9

I wasn't expecting a Spanish Inquisition!  Grin

All right, but apart from the security, durability, portability, scarcity, fungibility, scalability, the block chain system and financial freedom, what have the Bitcoins ever done for us?


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January 07, 2012, 07:10:06 AM
 #10

May I introduce everyone to www.bitprayer.com, hosted by BitVPS.com  Cool

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January 07, 2012, 10:35:25 AM
 #11


LOL, Thank you everyone! I haven't laughed this hard in ages  Grin
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January 07, 2012, 11:21:39 AM
 #12

2) polycoinism, by analogy to polytheism, is a belief that the pantheon of coins has a room for many of them. Bitcoin is like Zeus in the ancient Greek mythology: father of Gods and men, king of all coins.


As long as nobody comes up with the coin equivalent of the Titans, the sons and daughters seem pretty pointless. More like clones, actually.

Seriously, some real alternative would be most welcome. A radically new approach to the double spending problem. If someone could implement a real coin system, for instance (Bitcoin is a ledger - there are no coins). That would imply that the new system would be immune to certain attacks that might break Bitcoin, and vice versa.


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bitcoinBull
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January 07, 2012, 11:33:39 AM
 #13

I like having Luke-Jr around, he's our bulldog.  I'm gonna start mining on his pool.

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January 07, 2012, 01:01:28 PM
 #14

The funny fact is that they are really "religious men". If i remember well they added like holy writings in blocks mined from eligius.
And now, like any serious religious ppl, they launch crusades against DA EVIL
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January 07, 2012, 04:53:12 PM
 #15

polycoin -> 21 million limit my ass -> hyper-inflation -> not usable as a currency as digital numbers alone are abundant and thus cannot store value

may the best coin win, but there can be only one decentralized digital currency imho.

mono-internet or poly-internet?  Cool

https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
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January 07, 2012, 05:09:30 PM
 #16


may the best coin win, but there can be only one decentralized digital currency imho.


The network effects do exist, but not like in the software arena. Several genuinely different systems may compete successfully. But I agree with you about the clones.

I'd welcome a genuine coin system, as with physical gold coins. Something that can do without a centralized ledger. Something that could continue to work in countries that are disconnected from the Net.


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January 08, 2012, 06:15:43 PM
 #17

Someone should implement a cryptocurrency inside of OP_EVAL. Then we can all worship InceptionCoin.  Cheesy

Bitcoin is backed by the full faith and credit of YouTube comments.
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January 08, 2012, 06:23:18 PM
 #18

Someone should implement a cryptocurrency inside of OP_EVAL. Then we can all worship InceptionCoin.  Cheesy
+1

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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