Topic: Why a drop to about $2/coin will be good for bitcoins (Read 4770 times)

I agree.

People who bought lots of them with real money and were left holding the bag when the bubble popped?

I think your signature exlpains why you were so angry.

Clearly you dont understand bitcoin

• mining has a purpose >.<
• price is irrelevant to the end user except for price stability which is a different thing
• in order for the market cap to increase the price of bitcoin has to increase, which is good for miners, investors, currency exchangers, and bitcoins in general, good press really, who is it bad for? People with a low iq that dont understand decimals...anyonelse??
• // end thread //

You have no fucking idea what you're talking about, you obviously haven't read my conceptual description in the alt-crypto forum (https://bitcointalksearch.org/topic/hypothetical-new-cryptocurrency-version-01-41059), or you're simply too fucking stupid to understand it.

And your youtube videos were hilarious. Even more-so as my market predictions play out to the letter.

Pie in the sky compared to a working solution!  Your idea may work but I would not agree to use your solution as free and thinking human being because in reality resources are limited not unlimited.

Your solution will not have the support of good honest people but it would be supported by the dishonest as in the current currency system you can manage your currency buy contracting and expanding the supply through deceptive measures thus making you no different than a central bank.  Once again your currency idea may work as the dishonest are more powerful than the honest people today and if you get one of them to support you, then you could get lucky.  This is what Facebook and the rest hope to achieve as we go through a currency crisis.

"[unlimited fiat] money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice." George Washington

I want to use the same colorful metaphor towards you but it would bring me down to your level of anger and evil.   I need to stop being angry at bankers and people such as yourself and focus on doing something to protect my self and improve the living conditions of those that agree with me or the ideas of Ron Paul.

Davinci
Working hard everyday to protect my self first and hopefully end the global banker occupation.

+1

Unless you know locals who use bitcoins, you might want to focus on services that can be offered online.

What languages do you know? You might be able to offer teaching, tutoring or conversational services for bitcoins.

If you know any programming, there may be bitcoin bounties for some code segments wanted by others on this forum.

How about artistic skills? Can you draw well, or perhaps create original designs for personal projects (nightstands, etc.) to certain specs?

You might be surprised the things others find valuable.

The NVIDIA is for compatibility with a game I want to play.  I have not bought the card yet.

Anyway, I'm not sure what employment I can get to be paid in BTC, but I really would like to try.  And there is a website (in someone's signature) full of people saying they'll do this or that for BTC but no website with want ads that will pay people BTC to do things.

Instead of loosing money mining on your nvidia have you considered offering services to be paid in BTC ? ,,,

With 230+ posts it look like you haven't learned anything here.

What the fuck have you all been smoking to reply to this ?

No, you know what is really obnoxious? People who bitch and moan about something, but don't do anything to correct it. You say you have an idea for something better, but you don't have the skills to implement it, and won't release the idea so that someone with the skills could consider implementing it. So, Bravo, you've done nothing (except puff yourself up in alternate threads like a jackass). 

At least coinhunter in all his clownery had something out there competing with bitcoin when talking all his talk.

Excellent questions, and I wish you would have posted them in the alt-crypto thread instead, but here goes:

1) The limits are variable. Yes, there is a limit. No, it's not a hard limit. Maybe, I can elaborate further in the reference thread later.

2) Variable rate. Read the whole thread, I address this. Block generation is tied to economic indices.

Good, I hope I'm obnoxious.

Because you know who's REALLY obnoxious?

Fucking Bitcoin proponents. People who think that poorly thought out alpha level proof-of-concept crypto-currency is the savior of the world financial markets and a viable speculation and investment vehicle.

Those are the REALLY fucking obnoxious people...

@Synaptic: Two questions...

1) Does your proposal result in a limited number of ?coins being produced?

2) Does your proposal attempt to distribute ?coins at a constant rate, or a variable rate? And if variable, what determines the rate of distribution?

-------------------------

@Minsc: I don't see how you're going to avoid what you're perceiving as a problem.

Mining needs to be based on something. In the case of Bitcoin, it's based on computational power. Whatever resource you propose to replace computational power, is going to be more available to those with more wealth.

Even if mining required answering Captchas, who will be more successful at this: someone trying to mine alone as a hobby, or someone who can hire a roomful of folks to do it for him? Greater wealth always means greater power. There's no way to avoid this in the physical realm.

"Secret sauce"?
"Get-rich-quick-tards"?

I've said it before, but I'll repeat myself. You're obnoxious. I'm not sure you're an out-and-out troll (exclusively, I mean), but nothing you have said has given me any reason to believe in your ability to design a better currency system, and since you don't give any real details about, say, how you will secure the system... Well.

Good day, sir.

Vladimir must be having fun with his hobby.

Firstly, if you think you're a big miner with 8Gh/s...uh...

...anyway, you're not doing the network a favor by "securing" it.

Bitcoin is a shit design. People accept the flaws of the Bitcoin because they are either fucking stupid, or are profiteers that don't give a shit either way.

We(we are a duo of miners) run presently at around 8 GHash/s, so I consider myself a big miner.

Get-rich-quick? Man, seriously, we're far from being lunatic. We're not mining hoping to pay myself a nice new card to play that awesomenewgamewithhighgraphics. Mining is a job that need to be done. The more there is mining power, the more the network is secure. If you don't want to do it, fine. But don't come shitting on us, hoping that we disappear when you don't want to do this job.

We, big miners, are working hard to find new way of making mining efficient and profitable. We want to live with that, so we need to optimize our processes and try to do the best job possible for the money available. It's a job, and it's hard. We're offering 24/7 mining power for the network, so it stays secure from external attacks. It's not with people mining every 2 or 3 days with 1 card that you're going to secure that network. It's too inconstant.

Right now, with around 3 millions dollars, you can buy enough stuff to own more than 50% of the network. That's not a lot. If somebody really wanted to attack the network, it is really cheap to do it. I see often people worrying about governments trying to shut down Bitcoin with laws. They don't need to use law, they just need to invest 3 millions (on a country budget, that's nothing) and the network is dead.

The lower the price goes, the less incentive there is for mining, the less secure the network is, the cheaper it is to attack it.

I completely agree with you on every single point.

http://modelrockettier.com/lolz/thumbnails/funny-pictures-bravo-bunny.jpg

Or it might be because you refuse to publish said design, making it impossible for a developer to evaluate the viability of said design.  But, yeah, keep blaming all of us get-rich-quick-tards.

Well problem is someone has to code the whole thing and a true good replacement will be recoded from scratch.