How Could Bitcoin Evolve? - page 4. | Bitcointalksearch.org

kokojie

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Quote from: seriouscoin on October 03, 2014, 06:29:52 PM

Quote from: Heutenamos on October 03, 2014, 06:28:09 PM

PoW means fair distribution.

In PoS only, you basically have to buy coins someone premined or created with his premined coins. What a joke! Yet some support this idea Cheesy

because it fits their ponzi perfectly.

The dumb fck cant even see a simple Economics, so he blame it on POW expense.

Yet you still haven't explained how $500 million value transferred out of the Bitcoin eco-system "doesn't matter". Just explain this if you think it's simple economics.

kokojie

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Quote from: Heutenamos on October 03, 2014, 06:28:09 PM

PoW means fair distribution.

In PoS only, you basically have to buy coins someone premined or created with his premined coins. What a joke! Yet some support this idea Cheesy

Yeah, Satoshi mined 50%+ of the coins in the first year, that's really fair? Most PoS has better distribution in the first year. Also if you really love PoW for distribution, you could use it for distribution, Like peercoin did, and the fade it out later, I'm not really against distribution via PoW. It's the PERPETUAL part that annoys me.

seriouscoin

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Activity: 658

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Quote from: Heutenamos on October 03, 2014, 06:28:09 PM

PoW means fair distribution.

In PoS only, you basically have to buy coins someone premined or created with his premined coins. What a joke! Yet some support this idea Cheesy

because it fits their ponzi perfectly.

The dumb fck cant even see a simple Economics, so he blame it on POW expense.

seriouscoin

hero member

Activity: 658

Merit: 500

Quote from: kokojie on October 03, 2014, 06:22:19 PM

Quote from: seriouscoin on October 03, 2014, 06:18:39 PM

Quote from: kokojie on October 03, 2014, 06:17:14 PM

Quote from: seriouscoin on October 03, 2014, 06:15:52 PM

Quote from: kokojie on October 03, 2014, 06:11:04 PM

Quote from: ?? on ??

Quote from: kokojie on October 03, 2014, 02:23:37 PM

First end PoW mining, otherwise it might not even survive long enough to "evolve".

You certainly are on a mission, aren't you? Just fork it and let the better protocol win.

Why would I do that? I'm a stakeholder of the existing protocol, I am entitled to express my concern regarding the insane PoW expense, which is perpetually sucking value out of my stake in Bitcoin.

like 0.1 btc?

Why does POW expense matter? Do you even know Economics?

If the money supply is cheap (lol) then so is the value of that money. If the supply rate is too high, then that means the adoption rate (velocity) is too low.

Now think about it for a second and see how dump you sound for thinking POW expense matters at all.

$500 million per year in PoW expense doesn't matter? it's value transferred out of the Bitcoin eco-system. It's dumb to think PoW expense doesn't matter

like i said, you didnt even spend a min to think huh?

you dont even know what you want is lowering money supply rate. It has nothing to do with ......POW expense retard.

Wow, how dumb can you be? do you think PoW expense magically goes away when money supply is gone? then who's going to secure the Bitcoin network at that point? Like I said PoW is a PERPETUAL expense, that has NOTHING to do with money supply.

Stupid fck with POS addiction i see.

You must have think POS has no expense..... lol. DUMBtard.... i wonder why your altcoins went down the drain.

Heutenamos

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Act #Neutral,Think y'self as a citizen of Universe

PoW means fair distribution.

In PoS only, you basically have to buy coins someone premined or created with his premined coins. What a joke! Yet some support this idea Cheesy

jonald_fyookball

legendary

Activity: 1302

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Core dev leaves me neg feedback #abuse #political

pretty sure the core devs all agree, pow is the only proven secure method to achieve distributed consensus.

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: seriouscoin on October 03, 2014, 06:18:39 PM

Quote from: kokojie on October 03, 2014, 06:17:14 PM

Quote from: seriouscoin on October 03, 2014, 06:15:52 PM

Quote from: kokojie on October 03, 2014, 06:11:04 PM

Quote from: ?? on ??

Quote from: kokojie on October 03, 2014, 02:23:37 PM

First end PoW mining, otherwise it might not even survive long enough to "evolve".

You certainly are on a mission, aren't you? Just fork it and let the better protocol win.

Why would I do that? I'm a stakeholder of the existing protocol, I am entitled to express my concern regarding the insane PoW expense, which is perpetually sucking value out of my stake in Bitcoin.

like 0.1 btc?

Why does POW expense matter? Do you even know Economics?

If the money supply is cheap (lol) then so is the value of that money. If the supply rate is too high, then that means the adoption rate (velocity) is too low.

Now think about it for a second and see how dump you sound for thinking POW expense matters at all.

$500 million per year in PoW expense doesn't matter? it's value transferred out of the Bitcoin eco-system. It's dumb to think PoW expense doesn't matter

like i said, you didnt even spend a min to think huh?

you dont even know what you want is lowering money supply rate. It has nothing to do with ......POW expense retard.

Oh I see why you are arguing for PoW now, you are a PoW miner, you post a lot on hardware threads. So go away, PoW miner shill with no logical argument.

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: seriouscoin on October 03, 2014, 06:18:39 PM

Quote from: kokojie on October 03, 2014, 06:17:14 PM

Quote from: seriouscoin on October 03, 2014, 06:15:52 PM

Quote from: kokojie on October 03, 2014, 06:11:04 PM

Quote from: ?? on ??

Quote from: kokojie on October 03, 2014, 02:23:37 PM

First end PoW mining, otherwise it might not even survive long enough to "evolve".

You certainly are on a mission, aren't you? Just fork it and let the better protocol win.

Why would I do that? I'm a stakeholder of the existing protocol, I am entitled to express my concern regarding the insane PoW expense, which is perpetually sucking value out of my stake in Bitcoin.

like 0.1 btc?

Why does POW expense matter? Do you even know Economics?

If the money supply is cheap (lol) then so is the value of that money. If the supply rate is too high, then that means the adoption rate (velocity) is too low.

Now think about it for a second and see how dump you sound for thinking POW expense matters at all.

$500 million per year in PoW expense doesn't matter? it's value transferred out of the Bitcoin eco-system. It's dumb to think PoW expense doesn't matter

like i said, you didnt even spend a min to think huh?

you dont even know what you want is lowering money supply rate. It has nothing to do with ......POW expense retard.

Wow, how dumb can you be? do you think PoW expense magically goes away when money supply is gone? then who's going to secure the Bitcoin network at that point? Like I said PoW is a PERPETUAL expense, that has NOTHING to do with money supply.

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: seriouscoin on October 03, 2014, 06:18:39 PM

Quote from: kokojie on October 03, 2014, 06:17:14 PM

Quote from: seriouscoin on October 03, 2014, 06:15:52 PM

Quote from: kokojie on October 03, 2014, 06:11:04 PM

Quote from: ?? on ??

Quote from: kokojie on October 03, 2014, 02:23:37 PM

First end PoW mining, otherwise it might not even survive long enough to "evolve".

You certainly are on a mission, aren't you? Just fork it and let the better protocol win.

Why would I do that? I'm a stakeholder of the existing protocol, I am entitled to express my concern regarding the insane PoW expense, which is perpetually sucking value out of my stake in Bitcoin.

like 0.1 btc?

Why does POW expense matter? Do you even know Economics?

If the money supply is cheap (lol) then so is the value of that money. If the supply rate is too high, then that means the adoption rate (velocity) is too low.

Now think about it for a second and see how dump you sound for thinking POW expense matters at all.

$500 million per year in PoW expense doesn't matter? it's value transferred out of the Bitcoin eco-system. It's dumb to think PoW expense doesn't matter

like i said, you didnt even spend a min to think huh? Stupid

Because you have no clear argument for me to think about? because you are trying to spin the concept of transferring $500 million USD value out of the Bitcoin eco-system is something that doesn't matter?

seriouscoin

hero member

Activity: 658

Merit: 500

Quote from: kokojie on October 03, 2014, 06:17:14 PM

Quote from: seriouscoin on October 03, 2014, 06:15:52 PM

Quote from: kokojie on October 03, 2014, 06:11:04 PM

Quote from: ?? on ??

Quote from: kokojie on October 03, 2014, 02:23:37 PM

First end PoW mining, otherwise it might not even survive long enough to "evolve".

You certainly are on a mission, aren't you? Just fork it and let the better protocol win.

Why would I do that? I'm a stakeholder of the existing protocol, I am entitled to express my concern regarding the insane PoW expense, which is perpetually sucking value out of my stake in Bitcoin.

like 0.1 btc?

Why does POW expense matter? Do you even know Economics?

If the money supply is cheap (lol) then so is the value of that money. If the supply rate is too high, then that means the adoption rate (velocity) is too low.

Now think about it for a second and see how dump you sound for thinking POW expense matters at all.

$500 million per year in PoW expense doesn't matter? it's value transferred out of the Bitcoin eco-system. It's dumb to think PoW expense doesn't matter

like i said, you didnt even spend a min to think huh?

you dont even know what you want is lowering money supply rate. It has nothing to do with ......POW expense retard.

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: seriouscoin on October 03, 2014, 06:15:52 PM

Quote from: kokojie on October 03, 2014, 06:11:04 PM

Quote from: ?? on ??

Quote from: kokojie on October 03, 2014, 02:23:37 PM

First end PoW mining, otherwise it might not even survive long enough to "evolve".

You certainly are on a mission, aren't you? Just fork it and let the better protocol win.

Why would I do that? I'm a stakeholder of the existing protocol, I am entitled to express my concern regarding the insane PoW expense, which is perpetually sucking value out of my stake in Bitcoin.

like 0.1 btc?

Why does POW expense matter? Do you even know Economics?

If the money supply is cheap (lol) then so is the value of that money. If the supply rate is too high, then that means the adoption rate (velocity) is too low.

Now think about it for a second and see how dump you sound for thinking POW expense matters at all.

$500 million per year in PoW expense doesn't matter? it's value transferred out of the Bitcoin eco-system. It's dumb to think PoW expense doesn't matter

seriouscoin

hero member

Activity: 658

Merit: 500

Quote from: kokojie on October 03, 2014, 06:11:04 PM

Quote from: ?? on ??

Quote from: kokojie on October 03, 2014, 02:23:37 PM

First end PoW mining, otherwise it might not even survive long enough to "evolve".

You certainly are on a mission, aren't you? Just fork it and let the better protocol win.

Why would I do that? I'm a stakeholder of the existing protocol, I am entitled to express my concern regarding the insane PoW expense, which is perpetually sucking value out of my stake in Bitcoin.

like 0.1 btc?

Why does POW expense matter? Do you even know Economics?

If the money supply is cheap (lol) then so is the value of that money. If the supply rate is too high, then that means the adoption rate (velocity) is too low.

Now think about it for a second and see how dump you sound for thinking POW expense matters at all.

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: ?? on ??

Quote from: kokojie on October 03, 2014, 02:23:37 PM

First end PoW mining, otherwise it might not even survive long enough to "evolve".

You certainly are on a mission, aren't you? Just fork it and let the better protocol win.

Why would I do that? I'm a stakeholder of the existing protocol, I am entitled to express my concern regarding the insane PoW expense, which is perpetually sucking value out of my stake in Bitcoin.

bitcoinbot

full member

Activity: 357

Merit: 130

Thanks, I didn't know Expedia accepted Bitcoin.
I was thinking more along new technologies to make the process smoother, clearer and quicker than just adoption.

I know a few select pioneer stores accept Bitcoin but how long till we see that in Wallmart?

I have no idea what Pow mining is.

kokojie

legendary

Activity: 1806

Merit: 1003

First end PoW mining, otherwise it might not even survive long enough to "evolve".

franky1

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Activity: 4410

Merit: 4766

IF??

bitcoin is already accepted at the cashiers desk in thousands of retail stores

bitcoin is already accepted for flights and vacations
cheapair.com
airbaltic.com
expedia.com

to name just a few.

as for the big event of bitcoin in the next 10 years.. that would have to be the detachment to the dollar valuation.

imagine a common measure that can be used in all countries.

now here is the idea
imagine cost of living was a measure of minimum wage of whatever counntry yo were in multiplied by 40.

this would give you an estimate of your native cost of living.

now imagine that for instance instead of a dollar reference, we simply had buy and sell orders based against that measure.
thus right now bitcoin is about 1.5 'col'

now whatever country you live in you can work out how much bitcoin is based on your own currency without having to know dollars conversion rate.

also the average cost of bread is 1% of cost of living. thus if bitcoin is 1.5col. you can instantly know you will now get 150 loaves of bread for 1 bitcoin.

if bitcoin doubled in value to 3 col. you know instantly that you can get 300 loaves of bread. anywhere in the world.

bitcoinbot

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Sorry if this has been discussed before but I was wondering how Bitcoin could evolve over the next 10 years or so.

I guess the best thing would be if shops would accept Bitcoin at the terminal as well as paying for things like flights online with it.
Aside from this though, what kind of things could happen to Bitcoin?

I saw that there is a 'new' wallet which is like a lite version that means you don't need to download the whole blockchain.

Thanks.

Topic: How Could Bitcoin Evolve? - page 4. (Read 3669 times)