I started a minersareidiots thread. Your thread sounds more pleasant. You are correct they all should be premined.
brocoin
Topic: Friendcoins.... (Read 1635 times)
brocoin
I suppose that could work ... but how do you get people to uphold the network? Transaction fees?
How will bitcoin function when all the coins have been created ?
Think of it as a shortcut to finding out how that will function.
The difference is bitcoin has users already. People will continue mining to keep the network moving because they have transactions they want processed.
but I'll let the OTHER people mine at that insane difficulty
bitcoin could literally die when the reward halves
It's going to have major issues.
Won't be profitable for the vast majority of miners, hash rate will go through the floor, then it'll have NamecoinSyndrome: Huge difficulty, no hashes, a thousand+ blocks till difficulty changes.
if people realize that GG is more profitable or something they'll start mining it
if the difficulty adjustment algorithm worked it would halve the difficulty quickly when people leave to mine another cryptocurrency and it would settle at a new, lower value, but BTC might drop in hashrate
and then someone could take it over with just a few terahashes and do doublespend attacks on exchanges
I suppose that could work ... but how do you get people to uphold the network? Transaction fees?
How will bitcoin function when all the coins have been created ?
Think of it as a shortcut to finding out how that will function.
The difference is bitcoin has users already. People will continue mining to keep the network moving because they have transactions they want processed.
but I'll let the OTHER people mine at that insane difficulty
bitcoin could literally die when the reward halves
It's going to have major issues.
Won't be profitable for the vast majority of miners, hash rate will go through the floor, then it'll have NamecoinSyndrome: Huge difficulty, no hashes, a thousand+ blocks till difficulty changes.
I started a minersareidiots thread. Your thread sounds more pleasant. You are correct they all should be premined.
NoNoNo, You have to pay me 1 friendcoin for each friend I add then transfer to you.
I have 700 friends online and i will sell them for 1 friendcoin each.
Every time you add a friend you have to pay me lol.
I have 700 friends online and i will sell them for 1 friendcoin each.
I suppose that could work ... but how do you get people to uphold the network? Transaction fees?
How will bitcoin function when all the coins have been created ?
Think of it as a shortcut to finding out how that will function.
The difference is bitcoin has users already. People will continue mining to keep the network moving because they have transactions they want processed.
but I'll let the OTHER people mine at that insane difficulty
bitcoin could literally die when the reward halves
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
I suppose that could work ... but how do you get people to uphold the network? Transaction fees?
How will bitcoin function when all the coins have been created ?
Think of it as a shortcut to finding out how that will function.
The difference is bitcoin has users already. People will continue mining to keep the network moving because they have transactions they want processed.
I suppose that could work ... but how do you get people to uphold the network? Transaction fees?
How will bitcoin function when all the coins have been created ?
Think of it as a shortcut to finding out how that will function.
Be on the lookout for Fairbrix. 
More like 0brix
I suppose that could work ... but how do you get people to uphold the network? Transaction fees?
you only let your friends do transactions hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
I suppose that could work ... but how do you get people to uphold the network? Transaction fees?
Be on the lookout for Fairbrix.
Weeds.
I dont want his currency i want my own lol.
Weeds.
7 million premined coins?
LOL
Lets create a currency where all the coins are premined in the genesis block and hand them out to people who we like only.
If you follow me on twitter or facebook you earn friendcoins
LOL
Lets create a currency where all the coins are premined in the genesis block and hand them out to people who we like only.
If you follow me on twitter or facebook you earn friendcoins
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