Bitcoin is 93% mined today, will the future be born into 100% premine like fiat

tread93

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Quote from: hsdjkahskjdh on August 14, 2023, 02:57:13 AM

You are all a bunch of fucking idiots, the future kids will not accept it it is like fiat to them, Make a fairly distributed currency or fuck off. Satoshi is no fucking hero.

Step 1: Get WILLINGLY UPLOADED heartbeats or dna
Step 2: Give everyone the same supply
Step 3: Have a % of transaction fee's go back to all accounts (welfare, basic income)
Step 4: Have a pool of network fee's the users vote on where they are used (roads, garbage) its voting software ffs.
Step 5: Have a better world for everyone, u cunts.

What are you even trying to say man? What is your suggestion? You're putting BTC in the same basket as the banks, governments, and elites that are out to get everyone. CBDCs are the real threat. This has all been ushered in by crypto so I can see why you might be frustrated. I think we would all appreciate a bit more contexts as to the thought track behind these bullet points.

terrific

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Quote from: hsdjkahskjdh on August 14, 2023, 03:07:32 AM

All you guys care about is fiat gains, your lives are fucking meaningless.

Too harsh, don't you care about your fiat gains. If so, you're one of our kind then.

Quote from: hsdjkahskjdh on August 14, 2023, 03:07:32 AM

Go plant some damn food or build buildings contribute to humanity. Fuck everyone on this forum, the wef, the central banks and all the politicians and bankers, bunch of fucking pieces of shit.

Contribution on this world doesn't limit from those things that you've mentioned. Didn't Bitcoin contributed hugely to the humanity? For sure that it did. And don't you compare the banks and politicians to the members of this forum, we've got different ideology, we hate what we hate and wait, you're one of the members here as well.

Sim_card

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Quote from: hsdjkahskjdh on August 14, 2023, 02:57:13 AM

You are all a bunch of fucking idiots, the future kids will not accept it it is like fiat to them, Make a fairly distributed currency or fuck off. Satoshi is no fucking hero.

Step 1: Get WILLINGLY UPLOADED heartbeats or dna
Step 2: Give everyone the same supply
Step 3: Have a % of transaction fee's go back to all accounts (welfare, basic income)
Step 4: Have a pool of network fee's the users vote on where they are used (roads, garbage) its voting software ffs.
Step 5: Have a better world for everyone, u cunts.

OP, get it into your head that bitcoin isn't fiat and it can't be printed. The future generation will embrace bitcoin because bitcoin would have be known as a life safer by then and they will all be happy to have a fraction of bitcoin. Fiat is centralized and the shitcoin that you are talking about creating is centralized, this makes it to show that Satoshi is a legend in the world since nobody has ever created a decentralized currency ever since history. Since you said that Satoshi isn't a legend, I thought that you wanted to say something about a new coins that will give us more potential than bitcoin and a decentralized one but to my surprise,you are against decentralization and privacy. Instead you sound like the government that is kicking against bitcoin so that people will embrace their CBDC. Your project is it is true that you have plans to create one will flop and we have seen so many shitcoins flopping. Nobody in my country every embraced our CBDC instead the went for bitcoin even though there are restrictions on bitcoin.

wxa7115

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Bitcoin is GOD

Quote from: hsdjkahskjdh on August 14, 2023, 02:57:13 AM

You are all a bunch of fucking idiots, the future kids will not accept it it is like fiat to them, Make a fairly distributed currency or fuck off. Satoshi is no fucking hero.

Step 1: Get WILLINGLY UPLOADED heartbeats or dna
Step 2: Give everyone the same supply
Step 3: Have a % of transaction fee's go back to all accounts (welfare, basic income)
Step 4: Have a pool of network fee's the users vote on where they are used (roads, garbage) its voting software ffs.
Step 5: Have a better world for everyone, u cunts.

It is not possible to start the economy over every single generation, if you think the current system is unfair to those yet to be born, starting the system again and denying the legitimate wealth that has been accumulated by those that came before is way more unfair.

After all the new generations have all their lives in front of them and they are bound to inherit from their family members all of that wealth at some point on the future anyway, which explains why when there is a need to start over this need comes from the fact the economic system is not working anymore, and it has nothing to do with the youth being disadvantaged or anything like that.

dansus021

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Also dollar losing its value and like other fiat and somehow they still printed more

Afnan_faizah

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bitcoin will enter the real deflation stage when 100% BTC is mined. it is just my opinion but I think the volatility will be decrease in significant rate the price will tend to rise although it is very slowly. bitcoin provide many advantages for us such as the ease of transactions, fast transaction, and full control over it. I was felt the impact of inflations because I am too much saving money in form of fiat, i feels the value of my money decrease so much.

NotATether

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Quote from: hsdjkahskjdh on August 14, 2023, 02:57:13 AM

You are all a bunch of fucking idiots, the future kids will not accept it it is like fiat to them, Make a fairly distributed currency or fuck off. Satoshi is no fucking hero.

Step 1: Get WILLINGLY UPLOADED heartbeats or dna
Step 2: Give everyone the same supply
Step 3: Have a % of transaction fee's go back to all accounts (welfare, basic income)
Step 4: Have a pool of network fee's the users vote on where they are used (roads, garbage) its voting software ffs.
Step 5: Have a better world for everyone, u cunts.

That sounds like something your government should be doing, not Bitcoin.

avikz

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Quote from: hsdjkahskjdh on August 14, 2023, 02:14:53 PM

Quote from: avikz on August 14, 2023, 11:02:23 AM

Quote from: hsdjkahskjdh on August 14, 2023, 02:57:13 AM

You are all a bunch of fucking idiots, the future kids will not accept it it is like fiat to them, Make a fairly distributed currency or fuck off. Satoshi is no fucking hero.

Step 1: Get WILLINGLY UPLOADED heartbeats or dna
Step 2: Give everyone the same supply
Step 3: Have a % of transaction fee's go back to all accounts (welfare, basic income)
Step 4: Have a pool of network fee's the users vote on where they are used (roads, garbage) its voting software ffs.
Step 5: Have a better world for everyone, u cunts.

Just a simple question - how do you propose to make it happen?

By creating a shitcoin?

By creating a sidechain where network fee goes to all users at the same rate unlocked via a human hardware id like heartbeat or dna.

So what you are proposing is complete centralisation of bitcoin! Also human hardware ID means something similar to a shitcoin called worldcoin where people a scanning their balls (eyeballs) to get free money!

Also if every user gets a cut of the network fees, then what will be the benefit of mining bitcoin?

You can surely create a forked version of Bitcoin and implement your idea. No one is stopping you!

hsdjkahskjdh

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Quote from: avikz on August 14, 2023, 11:02:23 AM

Quote from: hsdjkahskjdh on August 14, 2023, 02:57:13 AM

You are all a bunch of fucking idiots, the future kids will not accept it it is like fiat to them, Make a fairly distributed currency or fuck off. Satoshi is no fucking hero.

Step 1: Get WILLINGLY UPLOADED heartbeats or dna
Step 2: Give everyone the same supply
Step 3: Have a % of transaction fee's go back to all accounts (welfare, basic income)
Step 4: Have a pool of network fee's the users vote on where they are used (roads, garbage) its voting software ffs.
Step 5: Have a better world for everyone, u cunts.

Just a simple question - how do you propose to make it happen?

By creating a shitcoin?

By creating a sidechain where network fee goes to all users at the same rate unlocked via a human hardware id like heartbeat or dna.

pooya87

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Well kids these days tend to believe the garbage they read on social media not to mention how it can make them do literary anything (look at their "looting parties" across US and EU where they gather around to loot different shops!).

The difference between bitcoin and fiat is not how much of it is mined or is going to be mined. The difference is that fiat is 100% centralized and unless you want to break the law in a lot of countries and go full cash anonymous, you are using it through a centralized service like a bank that monitors your ever step and has its hand in your pocket.
This is while bitcoin is decentralized and you don't need any third parties and nobody has or can have its hand in your pocket.

P.S. you also don't know the meaning of the word "premine" it is wrong to use for bitcoin with 100% mined supply and it is wrong to use for fiat that keeps being printed without cap lol

Little Mouse

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Quote from: hsdjkahskjdh on August 14, 2023, 02:57:13 AM

Make a fairly distributed currency or fuck off.

If they are going to use Bitcoin as a currency, why would they bother to get them free? They can still use that as currency. They can earn it, save it and spend when necessary. The thing is they won't have deflation in the currency value as people used to get in fiats. Take it easy bro. Bitcoin is a currency for me. I'm trying my best to earn it, I would be happy to get paod through Bitcoin (impossible here). Think like me.

SquirrelJulietGarden

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Quote from: hsdjkahskjdh on August 14, 2023, 02:57:13 AM

You are all a bunch of fucking idiots, the future kids will not accept it it is like fiat to them, Make a fairly distributed currency or fuck off. Satoshi is no fucking hero.

Fiats are different than Bitcoin as they can be printed more and more, unlimited by governments and their central banks.

Bitcoin has a limited supply which is capped at 21M bitcoin. No government, nobody can make a code and create more bitcoin, can not mint or print more than that cap like fiats.

How is the 21 million bitcoin cap defined and enforced?

avikz

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Quote from: hsdjkahskjdh on August 14, 2023, 02:57:13 AM

You are all a bunch of fucking idiots, the future kids will not accept it it is like fiat to them, Make a fairly distributed currency or fuck off. Satoshi is no fucking hero.

Step 1: Get WILLINGLY UPLOADED heartbeats or dna
Step 2: Give everyone the same supply
Step 3: Have a % of transaction fee's go back to all accounts (welfare, basic income)
Step 4: Have a pool of network fee's the users vote on where they are used (roads, garbage) its voting software ffs.
Step 5: Have a better world for everyone, u cunts.

Just a simple question - how do you propose to make it happen?

By creating a shitcoin?

Blitzboy

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The idea of Bitcoin being like fiat for future generations because its "pre-mined" is oversimplifying the core concept. Bitcoin and fiat are worlds apart in their origin, utility, and distribution. Satoshi may not be your hero, but understanding the genius behind his concept might help before launching into a rant.

Your steps, while imaginative, lack depth. Uploading heartbeats or DNA? Really? You want to risk privacy for monetary distribution? Your utopian currency seems like a hacker's paradise. And lets be real: distributing transaction fees to all accounts is neither feasible nor efficient. As for letting users vote on where network fees are used, its a wild gamble in a decentralized system.

Come up with a more comprehensive plan, and maybe, just maybe, you'll have a point. Until then, try educating yourself a bit more.

pinggoki

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Quote from: mk4 on August 14, 2023, 04:07:01 AM

OP edited the main post after I made my response, changing the topic entirely lmao. OP pretty much said that everyone — even future children(yes, the unborn) should have fair distribution of bitcoin. Like.. 🤨

Dude's a communist, that's the only explanation. We all know what happened to countries that were once communist. Now that I think about it, man's trying to be the Karl Marx of bitcoin.

ImThour

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You know that it will take ages to mine the last Bitcoin in the supply which makes your whole point wrong that there will be 100% supply mined which will make it like fiat? You need to do some calculations bud. Every Halving, the number of Bitcoins per block as a reward goes half and also, the difficult increases which will surely make the last Bitcoin to be mined impossible according to me.

> Give everyone the same supply?
Holy moly, you are dreaming and these dreams are not even allowed.

arabspaceship123

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He isn't true newbie because he's joined as a user 2021 so he knows how he's behaving. If you read the OP's posting he hasn't been happy for a long time. Is he angry he didn't buy Bitcoin for cheaper than the present cost maybe years ago?

Quote from: mk4 on August 14, 2023, 03:33:59 AM

Quote from: hsdjkahskjdh on August 14, 2023, 03:07:32 AM

All you guys care about is fiat gains, your lives are fucking meaningless. Go plant some damn food or build buildings contribute to humanity. Fuck everyone on this forum, the wef, the central banks and all the politicians and bankers, bunch of fucking pieces of shit.

Big words coming from someone getting angry over some inanimate numbers over the internet. You're assuming we're just sitting in our asses waiting for BTC price to increase, but in fact like 90%+ of people here are living normal lives with normal jobs/businesses lmao.

_act_

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Lightning network is good with small amount of BTC

Quote from: mk4 on August 14, 2023, 04:07:01 AM

OP edited the main post after I made my response, changing the topic entirely lmao. OP pretty much said that everyone — even future children(yes, the unborn) should have fair distribution of bitcoin. Like..

Which is not possible. When bitcoin was created, some people will not mine it even if they can use their personal computer to mine it. Even if they can use their phone to mine it, most people will not still do that. There are bitcoin critics and there are some people that will support bitcoin. It is now that bitcoin has gained world recognition that more people want to buy it. That is what OP is not getting correctly. I hope he will create his own coin and give it to people all over the world and see if that is even possible. Given it to more people only also means that the coin is not having value or of little value. But most people will see it not having value and will not even accept it.

mk4

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Quote from: _act_ on August 14, 2023, 03:44:12 AM

The topic title is about how 93% of bitcoin total supply has been mined, but the OP post is about another thing entirely.

OP edited the main post after I made my response, changing the topic entirely lmao. OP pretty much said that everyone — even future children(yes, the unborn) should have fair distribution of bitcoin. Like.. 🤨

_act_

legendary

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Lightning network is good with small amount of BTC

The topic title is about how 93% of bitcoin total supply has been mined, but the OP post is about another thing entirely.

Quote from: hsdjkahskjdh on August 14, 2023, 02:57:13 AM

Step 1: Get WILLINGLY UPLOADED heartbeats or dna
Step 2: Give everyone the same supply
Step 3: Have a % of transaction fee's go back to all accounts (welfare, basic income)
Step 4: Have a pool of network fee's the users vote on where they are used (roads, garbage) its voting software ffs.
Step 5: Have a better world for everyone, u cunts.

After bitcoin was created, there are over 26500 cryptocurrencies today and there are still unknown ones that can be included. You are free to go for your own project and create your own coin.

mk4

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Quote from: hsdjkahskjdh on August 14, 2023, 03:07:32 AM

All you guys care about is fiat gains, your lives are fucking meaningless. Go plant some damn food or build buildings contribute to humanity. Fuck everyone on this forum, the wef, the central banks and all the politicians and bankers, bunch of fucking pieces of shit.

Big words coming from someone getting angry over some inanimate numbers over the internet. You're assuming we're just sitting in our asses waiting for BTC price to increase, but in fact like 90%+ of people here are living normal lives with normal jobs/businesses lmao.

hsdjkahskjdh

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All you guys care about is fiat gains, your lives are fucking meaningless. Go plant some damn food or build buildings contribute to humanity. Fuck everyone on this forum, the wef, the central banks and all the politicians and bankers, bunch of fucking pieces of shit.

hsdjkahskjdh

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Quote from: mk4 on August 14, 2023, 03:00:02 AM

So.. you want to instead own an asset that would still continue to have emissions in the far far future just so future kids can still mine new supply?

Like.. you know..

inflation?

I don't want to own anything, even my thoughts are burrowed from the creator, I did not know how to make my heart beat or learn how to breath, it was given.

There is no mining you just start with the same supply like the game of monopoly. Instead of people with fiat or miners getting more for no fucking reason. There is no inflation.

mk4

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So.. you want to instead own an asset that would still continue to have emissions in the far far future just so future kids can still mine new supply?

Like.. you know..

inflation?

hsdjkahskjdh

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You are all a bunch of fucking idiots, the future kids will not accept it it is like fiat to them, Make a fairly distributed currency or fuck off. Satoshi is no fucking hero.

Step 1: Get WILLINGLY UPLOADED heartbeats or dna
Step 2: Give everyone the same supply
Step 3: Have a % of transaction fee's go back to all accounts (welfare, basic income)
Step 4: Have a pool of network fee's the users vote on where they are used (roads, garbage) its voting software ffs.
Step 5: Have a better world for everyone, u cunts.

Topic: Bitcoin is 93% mined today, will the future be born into 100% premine like fiat (Read 202 times)