I will just throw this question here. I wish to hear what people have to say, your thoughts. Wrote couple words if you want, if you thought about it more than others give us more details. I bet there are people who never thought about it, but for sure someone did, let`s hear you.
Thought experiment: all of last year's bitcoin history just happened in a parallel universe, and you all have no access to the main blockchain.
You do have the source code, and are free to start/join any blockchain you'd like.
Which block chain would you invest in? (What characteristics would you tweak from the current main blockhain?)
In fact, I guess you should keep a portfolio of coins from several different blockchains. How would you allocate that portfolio?
The main tweakable characteristic of the current chain is it's maturation time: Let's call 21,000,000 bitcoin 1 Megatoshi.
Then, the key difference between the chains is the "Megatoshi half life": the current chain has a half life of about four years - every four years the number of bitcoins not yet generated is halved. How would you diverge your portfolio in this respect? Would there be sense in investing in different blockchains with the same half life and other characteristics, or will there be only a few different chains, and no two chains will have the same intrinsic characteristics?
Note that this has a real impact on the potential growth of your chain - too short a half life (like 10 minutes) means that all the coins are generated too fast, the public doesn't have enough time to join, and your coins will essentially be worthless. A half life of a millenia means nobody can generated hardly any coin, and your coins are again worthless.
Four years seems like a magic number (another credit to Satoshi's brilliance), but I'm wondering if in this thought experiment you would want to diversify at all. Perhaps even in this case the masses will converge into a single block chain, simply for the added security in masses that the dominant blockchain conveys.
One that is for the people, by the people
1. one with decentralized voting built into it, so we can vote on issues rather voting people to vote for us. (unlimited jobs created for when robots take over, universal basic income)
2. one where the tx fees go to support global projects (garbage,hospitals,self sustaining farms, back up housing for the people in natural disasters,food for the working class, gas for the working class and the decentralized voting allows us the people to say where our taxes go)
3. one with a fairly distributed supply (weather it be equal hashing power to all users on the network or duration dispensed into unique address verified by picture and fingerprint via file sharing, we can use populations? if don`t unite and people still want government instead of changing their own diapers)
4. one with a built in exchange p2p trading(these banks getting "hacked" then getting bailed out by other banks or governments need to stop)
5. one that people would not trade for the current fiat because it is the new fiat (I will be the first to accept it for food on my farm cherries,peaches etc AKA "the bitcoin pizza")
6. one that does leave our future generations enslaved because we mined it all before them (we all should start the race equally no matter if we are born later in life, bitcoin is a 100% premine to anyone being born after 2025 pretty much and watch the ending of huntercoin on youtube the simulation of what happens, at a 100m dash race do you start early because you showed up early?)
7. one that is not another mans money supply, but everyone creates the supply so it is everyone's (FREEDOM)
8. one that is not so harsh on the environment and power usage but instead uses the power for a good use and does not create waste (the power in btc could feed millions)
9. one that the united nations united to become the "united nation" to create because they are the people to do this and make it work slowly I mean they got unlimited funds already. (and no one needs to give up anything they already own)
10. I would not need another one
https://www.youtube.com/watch?v=pvuN_WvF1toI guess us Germans can put it behind and forgive you to
, Water under the bridge brothers.
Oh, Can we also allow woman to not be forced to wear a shirt over their nipples I mean equality #freetheboob2020 come on there is African tribes that seem fine without that silly law. Plus boobs release stress just by looking at them.
There would be a lot less people doing church shootings or blowing up mosque and synagogues if they were looking at some boobs on the drive over. I mean that should be up to the ladies if they want to show them or not, just like us men can. Well lets take a public poll!
I would give half of my income to satoshi each time I got some or earned some, he or she or them deserve it, they gave the bankers and governments a out, no one needs to die, and we can start focusing on space exploration that is another unlimited job or what were going to do when that sun burns out. Instead us killing each other we can take on problems like a alien invasion, climate change, space exploration, poverty, homelessness, sea exploration, building back up housing for when a hurricane hits. We already have a common enemy new world order, it is the sun burning out on us and natural disasters!
Something like this, Where your vote actually matters. People unite and respect the 51% rule even if they vote against something. Otherwise they are free to leave the system.
Instead of the money system as we know it, we have a fairly disturbed currency for once, not just for people who got in early. Even people being born later in life should be able to obtain wealth from nature. When we start a 100m race everyone starts at the same time not because they showed up early. One where all people are all given a fair chance to enterprise.