well this is just working theory what is important is we get it used by the financial system. there needs to be some sort of disbursement with the people creating the money and the system controlling it. the people should off set the system in some way .and the system should be able to offset the people in some way. kind of like politics where there is so much in fighting and greed that its hard to change things. greed is not bad if it can be directed in the right way like innovation, not commercialization. u could use greed as tool if u use it right
Topic: The Big Idea.. a compromise more info (Read 3101 times)
Ok a rather interesting idea,
So this would be a POW only Coin then? or POS type?
It seems a bit over complicated and may be likely to stall out due to lack of interest, most users just go along for the ride but would probably never vote and unless given enough time they may not update and feel leftout/cheated as the ones with the voting power may do it just for greed. I remember some Coin a while back that has some kind of Proof of Vote but the main developer didn't mention it at all until he was able to just vote everyone else out and for the Blockchain.
So this would be a POW only Coin then? or POS type?
It seems a bit over complicated and may be likely to stall out due to lack of interest, most users just go along for the ride but would probably never vote and unless given enough time they may not update and feel leftout/cheated as the ones with the voting power may do it just for greed. I remember some Coin a while back that has some kind of Proof of Vote but the main developer didn't mention it at all until he was able to just vote everyone else out and for the Blockchain.
Interesting. I'm gonna come back to this tomorrow.
updated
Surprising how no one is looking at this at all. Fcc has claimed the web and that includes the blockchain it's only a matter of time before they take this away from us . We need to strike first or we will lose the power to create our own monies ... You naive fools
If a bank goes for a virtual currency, it would create its own and put millions $ into the development. The will not take over someone else's coin. The idea is novel, but think about it, why would a bank trust someone else if they can create their own super currency using their own devs and build something great.
Bank of England is already playing with the idea of creating their own coin.
http://www.theregister.co.uk/2015/02/26/bank_of_england_considers_its_own_brand_of_bitcoin/
Bank of England is already playing with the idea of creating their own coin.
http://www.theregister.co.uk/2015/02/26/bank_of_england_considers_its_own_brand_of_bitcoin/
I take this away as an illustration of my point
Digital currencies, the paper says, are significant because they show “that it is possible to transfer value securely without a trusted third party.”
“While existing private digital currencies have economic flaws which make them volatile,” the paper says, “the distributed ledger technology that their payment systems rely on may have considerable promise.”
They want it
What the hell happened with your last project man?
I can't trust this, you made promises in your last project and failed to payback your other IPO investors as you promised and again ignore inquiries regarding this!
as far as xsx is concerned I did what I could laws were enacted late last year that killed it. Also both times I tried to get it going I couldn't get any support from anyone other than well wishers . I lost about 4k dollars trying to make it a success . I'm sorry it didn't pan out, but it was not due to lack of effort on my part. Many forces came together against us. Including the fincen rulings and fed government. not to mention an unwillingness amongst the community to spend coins.I can't trust this, you made promises in your last project and failed to payback your other IPO investors as you promised and again ignore inquiries regarding this!
Yeah, I'm not sure of your intent with this reply.....is it supposed to excuse the FACT that you PROMISED IPO investors you would return their funds if it failed for any reason?! You publicly promised "that people could sue you should the project fail and you did not return their investments"! You lied straight out, then ignored post after post asking you to make good on your promise.
Remarkable that you think people will trust you again with another project when you have already proven beyond a shadow of a doubt to be a, disrespectful, unprofessional and dishonest person!!
If a bank goes for a virtual currency, it would create its own and put millions $ into the development. The will not take over someone else's coin. The idea is novel, but think about it, why would a bank trust someone else if they can create their own super currency using their own devs and build something great.
Bank of England is already playing with the idea of creating their own coin.
http://www.theregister.co.uk/2015/02/26/bank_of_england_considers_its_own_brand_of_bitcoin/
Bank of England is already playing with the idea of creating their own coin.
http://www.theregister.co.uk/2015/02/26/bank_of_england_considers_its_own_brand_of_bitcoin/
We won't accept total control...they can't steal our movement. It's a compromise it's fair
If a bank goes for a virtual currency, it would create its own and put millions $ into the development. The will not take over someone else's coin. The idea is novel, but think about it, why would a bank trust someone else if they can create their own super currency using their own devs and build something great.
Bank of England is already playing with the idea of creating their own coin.
http://www.theregister.co.uk/2015/02/26/bank_of_england_considers_its_own_brand_of_bitcoin/
Bank of England is already playing with the idea of creating their own coin.
http://www.theregister.co.uk/2015/02/26/bank_of_england_considers_its_own_brand_of_bitcoin/
Is this a coin?
Not yet !
A good portion of the activity of banks are very useful. They don't make the rules and the fiat system.
Not exactly true considering the SEC, Treasury and other departments are generally headed and ran by x banksters... Hell, during the mortgage crisis the #1 consultant to the top SEC guy was some ex Goldman Sachs executive that was only an x employee because she left for the SEC consulting and probably received a healthy bonus and promotion when she returned to the company...
F*ck... this guy stole my idea about FAIL.
No worries.. there are a lot of videos with Resitas (spanish comedian). 
http://knowyourmeme.com/memes/el-risitas-interview-parodies
What the hell happened with your last project man?
I can't trust this, you made promises in your last project and failed to payback your other IPO investors as you promised and again ignore inquiries regarding this!
as far as xsx is concerned I did what I could laws were enacted late last year that killed it. Also both times I tried to get it going I couldn't get any support from anyone other than well wishers . I lost about 4k dollars trying to make it a success . I'm sorry it didn't pan out, but it was not due to lack of effort on my part. Many forces came together against us. Including the fincen rulings and fed government. not to mention an unwillingness amongst the community to spend coins.I can't trust this, you made promises in your last project and failed to payback your other IPO investors as you promised and again ignore inquiries regarding this!
Yeah, I'm not sure of your intent with this reply.....is it supposed to excuse the FACT that you PROMISED IPO investors you would return their funds if it failed for any reason?! You publicly promised "that people could sue you should the project fail and you did not return their investments"! You lied straight out, then ignored post after post asking you to make good on your promise.
Remarkable that you think people will trust you again with another project when you have already proven beyond a shadow of a doubt to be a, disrespectful, unprofessional and dishonest person!!
Because we (miners) are giving them money transmitter status in this scenario, I think mining should still be perfectly legal . So long as they can link back to you via registered accounts
What the hell happened with your last project man?
I can't trust this, you made promises in your last project and failed to payback your other IPO investors as you promised and again ignore inquiries regarding this!
as far as xsx is concerned I did what I could laws were enacted late last year that killed it. Also both times I tried to get it going I couldn't get any support from anyone other than well wishers . I lost about 4k dollars trying to make it a success . I'm sorry it didn't pan out, but it was not due to lack of effort on my part. Many forces came together against us. Including the fincen rulings and fed government. not to mention an unwillingness amongst the community to spend coins. I can't trust this, you made promises in your last project and failed to payback your other IPO investors as you promised and again ignore inquiries regarding this!
What the hell happened with your last project man?
I can't trust this, you made promises in your last project and failed to payback your other IPO investors as you promised and again ignore inquiries regarding this!
I can't trust this, you made promises in your last project and failed to payback your other IPO investors as you promised and again ignore inquiries regarding this!
Changed title much better
l
I thought that you were announcing a new coin....ready to mine.....that's for sure
Why not? Go for it.....and I'm ready to share about ideas that might be useful
Is this a coin?
Not yet !
A good portion of the activity of banks are very useful. They don't make the rules and the fiat system.
Changed title much better
l
I thought that you were announcing a new coin....ready to mine.....that's for sure
Changed title much better
I thought that you were announcing a new coin....ready to mine.....that's for sure
Changed title much better
Added existence definition of pool fees
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