Yeah once the block rewards dry up, joe shmoe miner won't be able to afford to mine, leaving the likes of google and amazon as ones processing transactions. They don't need block rewards to pay their hardware and electric bill, joe shmoe does.
http://www.marketoracle.co.uk/Article39704.html
https://bitcointalksearch.org/topic/the-deflationary-problem-12109
Topic: The path to one world currency (Read 1106 times)
Can't say much for the guys reasoning, however he kind of got a little bit lucky in that btc is vulnerable to being taken over by the power elite. In conjunction with the current police state and internet spying and data mining, it's positively anti-anonymous. And a corporate/government 51%+ mining cartel is pretty much certain once the block rewards dry up, if it's mainstream enough at that point.
I doubt there's a need to get an rfid implant or get "666" tattooed across your forehead though.
I doubt there's a need to get an rfid implant or get "666" tattooed across your forehead though.
I have considered this a bit, isn't it miners who decides what goes in blocks. As such certain large organisations who got potential to invest in effective hardware could control most of transactions? Basicly they would just do "approved" transactions, and leave rest up to other people. Or even some cases fork the chain...
The path to many competing global
The path to many competing global currencies
Yup :-)
Is bitcoin the best tool for a one world order control? It does have the profile for that infamous upcoming end of the world sign, but as long as it cannot be controlled by a centralized organization we should not be worried...
Ripples on the other end... Hmm... :-). Perfect currency for Satan! :-)
Ripples on the other end... Hmm... :-). Perfect currency for Satan! :-)
The path to many competing global currencies
Can't say much for the guys reasoning, however he kind of got a little bit lucky in that btc is vulnerable to being taken over by the power elite. In conjunction with the current police state and internet spying and data mining, it's positively anti-anonymous. And a corporate/government 51%+ mining cartel is pretty much certain once the block rewards dry up, if it's mainstream enough at that point.
I doubt there's a need to get an rfid implant or get "666" tattooed across your forehead though.
I doubt there's a need to get an rfid implant or get "666" tattooed across your forehead though.
Open video, guy promoting his book, skip, guy reading bible, skip, guy promoting his website, close
hah too true. made me laugh. wasted my time too on that one.
Open video, guy promoting his book, skip, guy reading bible, skip, guy promoting his website, close
interesting video guys, i enjoyed listening . what do you think?
http://www.youtube.com/watch?v=8cVFHl7aYuE
http://www.youtube.com/watch?v=8cVFHl7aYuE
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