[2016-11-06] Roger Ver Considers Offering Double Block Rewards To Bitcoin Miners - page 2.

Kprawn

legendary

Activity: 1904

Merit: 1074

His idea to solve a argument by throwing money at it, is very entertaining. We should all get in on the action and suck him dry... then switch back

when we had our fill. Grin

.... He will soon realize the people supporting his "cause" will abandon him, once his money runs out. In the beginning I

really thought the guy was a genuine Bitcoin supporter, then I realized he was in on this to make a quick buck. Roll Eyes

1Referee

legendary

Activity: 2170

Merit: 1427

The more Roger Ver starts with talking (e.g. spreading nonsense), the more I find myself to be an idiot for having valued him as high level Bitcoiner back then. Actually, it's not only Roger as high level Bitcoiner that goes backwards in a quick fashion. Gavin Andresen, Mike Hearn, etc, do also fit in that category of backwards going people.

But let's pretend he will really give out 12.5BTC out of his pocket, to miners per found block.

Daily found blocks on average 140-150, but let's say 140 for easy statistical purposes.

1 day - 140 block x 12.5BTC reward = 1750BTC in total rewards.
7 days - 980 blocks x 12.5BTC reward = 12,250BTC in total rewards.
30 days - 4200 blocks x 12.5BTC reward = 52.500BTC in total rewards.

It will cost him 52.500BTC per month in order to do just that. It's beyond insane. Till when does he plan to continue this nonsense? Till his wallets run out of coins? It's obvious that he is looking to get mining farms on his side by letting them mine his version of what he believes to be the real Bitcoin, for a much better reward. It's a creative idea, I must admit that, but this completely ignores the fundamentals of Bitcoin we value so much.

TraderTimm

legendary

Activity: 2408

Merit: 1121

Ver is simply an idiot that can't understand why nobody wants "in" on his stupid schemes.

Upping the mining reward for his idiocy is only the icing on the cake. He's failed to gain any substantial representation among miners, so he's doubling-down in a frantic bid to save face.

The result however, won't be to his liking -- he's a failed "icon" with delusions of grandeur just like Mike Hearn.

Good Riddance.

yayayo

legendary

Activity: 1806

Merit: 1024

Facing defeat for his sleazy plan to obstruct Bitcoin progress to push his idiotic altcoin investments, Ver is now desperately trying to bribe miners to support his centralization prone altcoin. Hopefully he will distribute a lot of his personal coins before his scheme collapses. It would be a great idea if miners would agree among themselves to always mine a certain number of blocks for unlimited to drain Ver's funds and at a certain point in time suddenly directing all their hashpower to support Core and let Ver fork off.

I'm looking forward that Ver exits Bitcoin Hearn-style... his rage quit was really entertaining. Cheesy

ya.ya.yo!

tyz

legendary

Activity: 3360

Merit: 1533

Roger Ver Considers Offering Double Block Rewards To Bitcoin Miners

Quite a few interesting discussions are taking place in the Bitcoin ecosystem right now. Roger Ver, one of the few prominent early Bitcoin adopters, recently issued an interesting statement. He discussing upping the Bitcoin block reward from 12.5 BTC back to 25 BTC, by paying half out of his own pocket. An intriguing marketing idea for Bitcoin Classic, although it raises a fair few questions as well.

http://www.newsbtc.com/2016/11/06/roger-ver-considers-offering-double-block-rewards-bitcoin-miners/

Topic: [2016-11-06] Roger Ver Considers Offering Double Block Rewards To Bitcoin Miners - page 2. (Read 1212 times)