21–29 of 29 posts
I think an encrypted currency base managed only by computers and the market is fairer than a system run by a few men. Also I like privacy.
I think it could be fairer or it could be a way to get stuck with a broken monetary policy forever.
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I think it could be fairer or it could be a way to get stuck with a broken monetary policy forever.
The only monetary policy that isn't broken, is one that doesn't exist.
Ah, the long-storied September announcement. Pretty good idea overall. I'd be happiest seeing a set of security best-practices agreed upon and some sort of mechanism for organizations and businesses to elect for auditing.
I really desire bitcointalk'ers to have some objective way to assess business quality when they consider how many percent per week return is a reasonable no-risk promise.
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In a very literal sense it can be forked: https://github.com/bitcoin/bitcoin You wouldn't need to try and duplicate an ecosystem. People with nodes on the network would "vote with their CPU power" to support the version they liked the best - so the best one would naturally get the most support.
the best one would naturally get the most support I don't think so. A "better" Bitcoin fork that has no MtGox, no BitInstant, no BitPay, no blockexplorer, etc. would probably have very low adoption.
A while ago I wrote that perhaps the greatest contribution the Bitcoin experiment will make to humankind is to teach you and me and our neighbors more about the realities of economics. And now I will add that the Bitcoin experiment will also contribute to greater understanding of how nonprofit industry associations are organized to protect the economic interests of for-profit businesses. A lot of new industries have…
Please cite some examples. I can't come up with any, and this is intuitively false to me. Productive industries steamroll over bad actors and indiscretion. Railroads, gold-mining, and arguably social gaming were propelled by bad actors.
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I am not sure that is true. As small as the ecosystem is, I would not want to try to duplicate it.
There are plenty of forks running already. There's "litecoin", a fork that changes the proof of work algorithm to scrypt in an attempt to make GPU's less useful for mining. There's "PPCoin", a fork that adds "Proof of Stake" alongside "Proof of Work" in an attempt to reduce the energy consumption of the mining process. There's others as well. Some bitcoin proponents consider these "scam" coins as they have limited us…
Here's their website: https://www.bitcoinfoundation.org/
Here's their website: https://www.bitcoinfoundation.org/
Looks down from here :( (and here: http://www.isup.me/www.bitcoinfoundation.org )
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The only monetary policy that isn't broken, is one that doesn't exist.
I don't think that's possible. Even keeping the number of BTC fixed is a policy.