Author

Topic: * (Read 1743 times)

legendary
Activity: 1372
Merit: 1000
*
August 02, 2013, 01:57:05 PM
#5
FTFU

Money Is the Perceived Value of Energy Productivity ; Currency Is the Perceived Value Measure of Economical Potential which is wholly dependent on Energy
hero member
Activity: 728
Merit: 500
July 27, 2013, 05:18:47 AM
#4
how much joule is an hour of programming?  Huh

0.0053~ seconds

That is for daily energy consumption of programmer, with 8 hours of work.

Then there is needed hardware, living space, training, upkeep cost and so on.
legendary
Activity: 1764
Merit: 1007
July 26, 2013, 07:18:08 AM
#3
how much joule is an hour of programming?  Huh
jr. member
Activity: 30
Merit: 10
July 25, 2013, 08:24:04 PM
#2
I don't think incentives are aligned for that model to work.

Linking increasing volume to increasing fees would encourage people to keep transactions off the block chain.  Likewise, an increasing volume causing a decrease in block reward would discourage mining the more popular the currency becomes.
newbie
Activity: 24
Merit: 0
July 25, 2013, 12:56:35 PM
#1
*
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