Viewing profile — nodoll

On one hand, your idea has merit. But it is not without subtle risks. These could be mitigates by doing proper mitigation measures. But again, you cannot be sure how this will work…

No, the new coin will be exactly as valuable as Bitcoin, ensured by the community consensus. That is the whole point.

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None required. Once the vulnerability is known, everyone will be incentivized to migrate to the new coin.

>They are keeping it to themselves... So how would this graph look if it did trickle down? Just curious..

> no incentive to trickle anything down... Of course you are not hoping they will do out of their good of their hearts. They would naturally want to enrich themselves, and one way …

Is there some fundamental flaw with that idea, or are you rejecting it on the basis of some "reports" of the idea not having worked before?

That article has a chart which shows some price fluctuations and follows that gold standard did not prevent it. But that would require the price fluctuations are only caused by cha…

When I said "Work" I didn't mean POW puzzle solving. But solving PoW puzzle to mine bitcoin is also useful work in the sense that it adds one coin to the economy, which is why mine…

> where __value__ comes from and how/where it is stored Value comes from people and the work they do. A currency, or a system of money, or let us speak plainly, a system of economy…

I think the community will replace it with a better algorithm and existing coins will be swapped for the new coin. Transactions might be required to be frozen for a while though..

>What distinguishes Bitcoin from Titcoin, another kind of cryptocurrency which also is with a 'capped supply'? The presence of a growing community that are willing to accept it for…

That is not an illusion. Bitcoin supply is capped. If you actually share what you mean by illusion, I can try to address it.

>With a 2.5 trillion dollar tax cut... So the idea is that this will be reinvested, leading to more productivity and job, which is a more sustainable way of getting rid of debt. If…

The idea described in the post makes sense to me. Bitcoin is idealized gold. Today gold have some advantage over bitcoin in that it has some intrinsic value. But if someone finds a…

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>The military "altruistic" peacekeeping is a major benefit Sure, but I think they are waking up to the fact that they cannot afford it, at least for now. >much harder stand in futu…

a currency is backed by value generated by the people and the natural resources of a country.

>the exact thing the spending is meant to boost. Sure, but that is 800bn that could have been spent on more meaningful things. People would be more happy to redeem that by their wo…

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> and they wanted to extort even more money and dependence from EU Trump wants countries to lower tariffs and not steal US jobs. So he hits them with reciprocal tariffs and dis-inc…

>Government deficit. And where does that come from? Obviously, it should come from the people of the country or its natural resources. But we don't like to say that, do we?

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