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Author Topic: Do you agree with this? USD, Not Bitcoin, Is The Next Digital Currency  (Read 2035 times)
keithers
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April 28, 2014, 04:54:19 PM
 #41

Hey guys! I got this great idea for a new Altcoin I'm going to release! Here are the details:

Name: US Dollar
Supply: TBD; will be decided by a group we'll call the "Fed". No, it won't be answerable to you. No, there is no cap. What could go wrong?
Note: We don't actually have the blockchain locked down to prevent double-spending (counterfeiting). We know it's a problem, and we are working on it.
Confirmation Time: Expect a couple of days for most transfers. Please give it up a week before bothering your exchange admins.
Note: You may want to invest in training to detect forgeries.
Transfer Cost: Will range from $10-25 or more depending on institution, there is no standard in the blockchain.
Note: Physical transfers will also be available! (We do recommend washing of hands after handling of physical "Dollars" to prevent spread of disease.)

We expect this Altcoin to be a MAJOR success! With features like these, how can it fail???

There isn't much that can go wrong...looks like you have just saved the world's economy.
The block chain is the main innovation of Bitcoin. It is the first distributed timestamping system.
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zolace
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May 01, 2014, 03:44:05 PM
 #42

Bitcoin has its own space in the market. It doesn't need to compete with the dollar.

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May 01, 2014, 04:01:38 PM
 #43

the $100 bill's purchasing power is diluted every second of every day at the discretion of a group of privately owned banks.
by using their monopoly on money creation they siphon away purchasing power from the working population to themselves.
https://www.youtube.com/watch?v=iFDe5kUUyT0 best explanation on youtube as to how this works.
bitcoin is controlled by no one and created by a predefined algorithm.


That is one of the most compelling reasons to use bitcoins, no loss of value until now. Sad




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