[SURVEY] Kryptodollar - page 2. | Bitcointalksearch.org

bugm

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Quote from: digitalindustry on November 11, 2013, 12:51:52 PM

What survey ? Is this the survey ?

Yes, this is the survey. Or maybe let's call it an open discussion :-)

Quote from: digitalindustry on November 11, 2013, 12:51:52 PM

1. Who will be the issuing Authority?

2. I assume the design will be an " to economy" inflation design , say for example the exists enough for the needs, if not would it be deflationary as is BTC.

3. If the issuing authority is actually " the Government" and the topic writer isnt just confused, how to deal with the transference of political power ?

We will pass these questions to Karen.

Quote from: digitalindustry on November 11, 2013, 12:51:52 PM

3a. "The government" couldn't control and still can not control the largest financial institutions, how can it issue a Cryptocurrency?

As we're talking about a crypto-currency, I guess we should define what "control" really means in this case.

It would have to be very different from the (so called) control that governments currently have over fiat currencies,
especially since we cannot (and shouldn't) change the original nature and philosophies behind crypto-currencies.

So perhaps the question is: how much influence on a crypto-currency would you accept from a government?

Quote from: digitalindustry on November 11, 2013, 12:51:52 PM

4. How would emission be handled , if the issuance is done centrally ASICs would supposedly secure the network, it will be a 100% pre mined with a set inflation target ?

Can we imagine a solution where a government would accept not to own all the coins?
If the crypto-currency is democratic, they should allow for decentralized mining, but would this be an option?
I will add this to the list of questions for Karen, as she is probably more suited to answer this.

As for dedicated hardware like ASIC's, perhaps a more affordable mining solution for a broader audience would be better?
That brings us to the encryption algorithm. Maybe scrypt is more democratic than SHA256? Or maybe there is another option?

--
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Lauda

legendary

Activity: 2674

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Terminated.

Quote from: digitalindustry on November 12, 2013, 05:31:23 AM

Quote from: Lauda on November 12, 2013, 12:28:14 AM

Quote from: digitalindustry on November 11, 2013, 10:21:41 PM

Government is not the problem.

So what is?

Lets invite Karen here to explain your question , I have bad general english skills and I dont feel I'll get the point across.

Is Karen in the house ?

Who is Karen?

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

Quote from: Lauda on November 12, 2013, 12:28:14 AM

Quote from: digitalindustry on November 11, 2013, 10:21:41 PM

Government is not the problem.

So what is?

Lets invite Karen here to explain your question , I have bad general english skills and I dont feel I'll get the point across.

Is Karen in the house ?

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: digitalindustry on November 11, 2013, 10:21:41 PM

Government is not the problem.

So what is?

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

Government is not the problem.

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: bugm on November 11, 2013, 12:36:32 PM

Quote from: Lauda on November 11, 2013, 11:49:12 AM

The point of crypto currency is decentralization.
If you add the government into the equation, you lose the essence of crypto currency. It will be centralized and controlled again.

If you look at it from another point of view, it shouldn't have to be like that, not necessarily.

Try to think about a crypto-currency that is interesting enough for both government AND the people.

Something like that could go far, given the proper intentions of both parties.

Whatever is in the interest of the government is not really in the interest of the people.
They don't really care about us (most of them at least).

Spayse

hero member

Activity: 546

Merit: 500

i thiu ght the ideA was to put currency creation in the hands of the people

BOO!

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

Quote from: bugm on November 11, 2013, 12:36:32 PM

Quote from: Lauda on November 11, 2013, 11:49:12 AM

The point of crypto currency is decentralization.
If you add the government into the equation, you lose the essence of crypto currency. It will be centralized and controlled again.

If you look at it from another point of view, it shouldn't have to be like that, not necessarily.

Try to think about a crypto-currency that is interesting enough for both government AND the people.

Something like that could go far, given the proper intentions of both parties.

I think it will run into something I like to call ,

"The law of multidimentional competitive information continuance. "

Its kind of a slippery slope, it takes in to account political aspects , but vastly limits some actions, having said that ive been wrong in the past on this stuff .

How do we say " adversity is the mother of invention" .

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

What survey ? Is this the survey ?

Karen Hudes does great work , i love that she has a net net positive outlook , there is a lot of doom {not the currency} in economics these days as the fiat system collapses under the weight of its own debt issuance corruption.

It takes a more enlightened individual to see though to the obvious flaws of some of these end of the times scenarios.

Having said that its likely in one way or another a lot of people are going to die.

as a follower of Karen's ideas ; and a believer in the positive

I have a few questions;

1. Who will be the issuing Authority?

2. I assume the design will be an " to economy" inflation design , say for example the exists enough for the needs, if not would it be deflationary as is BTC.

3. If the issuing authority is actually " the Government" and the topic writer isnt just confused, how to deal with the transference of political power ?

3a. "The government" couldn't control and still can not control the largest financial institutions, how can it issue a Cryptocurrency?

4. How would emission be handled , if the issuance is done centrally ASICs would supposedly secure the network, it will be a 100% pre mined with a set inflation target ?

**
In before Anonymint and Vlad : D

bugm

newbie

Activity: 55

Merit: 0

Quote from: Lauda on November 11, 2013, 11:49:12 AM

The point of crypto currency is decentralization.
If you add the government into the equation, you lose the essence of crypto currency. It will be centralized and controlled again.

If you look at it from another point of view, it shouldn't have to be like that, not necessarily.

Try to think about a crypto-currency that is interesting enough for both government AND the people.

Something like that could go far, given the proper intentions of both parties.

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

The point of crypto currency is decentralization.
If you add the government into the equation, you lose the essence of crypto currency. It will be centralized and controlled again.

bugm

newbie

Activity: 55

Merit: 0

Hi everybody,

In a rapidly changing world, we strongly believe that more and more governments will consider to adopt some kind of crypto-currency. Most likely they will create one of their own and that doesn't necessarily have to be a bad thing. Even when sometimes we like to look down on our governments, they also do a lot of good. But let's not go into that. In this topic we would like to concentrate on how a government issued crypto-currency could support it's fiat currency! And we would like to hear your thoughts about this!

As a hypothetical example, let's consider the Kryptodollar.

The idea of a US government issued crypto-currency doesn't sound crazy at all. Most likely it's being developed already. But suppose all of us would get a chance to contribute to its development, what would we add? Which features would we like it to have? What could turn it into the most democratic crypto-currency ever created? How could it support the US Dollar, and vice versa?

So let's brainstorm a bit on this subject and see what we come up with? :-)

PS: This survey is supported by Karen Hudes (http://www.kahudes.net), former senior executive at the World Bank.

Join BUG'M, our Bitcoin User Group in Magdeburg, Germany here:
http://www.meetup.com/BUGM-Bitcoin-User-Group-Magdeburg

Topic: [SURVEY] Kryptodollar - page 2. (Read 1572 times)