Quote from: JayCrypto on May 19, 2015, 06:50:18 PM

Quote from: jyakulis on May 16, 2015, 05:29:26 PM

Yes, because the mining process was purposely designed to take a long time. Though, what is surprising is the adoption and buzz already. I expected it to be out of Star Wars....like a rebel alliance type currency.

I guess it was only a prototype designed for funny. He did not expected anything from it!

Well, not a joke. The Star Wars reference was a metaphor. Though not quite the same. I envisioned it circulating like Colonial Scrip did during the days of the Revolution. Instead of being forced to use the pound though you can replace it in todays terms in relation to legal tender laws and the debt backed US Dollar.

https://21stcenturycicero.wordpress.com/fraud/colonial-scrip/

"Each Colony had its own currency and some were better managed than others. It was banned by English Parliament in the Currency Act after Benjamin Franklin had explained the benefits of this currency to the British Board of Trade. Outlawing the circulating medium caused a depression in the Colonies, and Franklin and many others believed it to be the true cause of the American Revolution"

"After Franklin had explainedto the British Government as the real cause of prosperity, they immediately passed laws, forbidding the payment of taxes in that money. This produced such great inconvenience and misery to the people, that it was the principal cause of the Revolution. A far greater reason for a general uprising, than the Tea and Stamp Act, was the taking away of the paper money."

Anyway, when I came up with cryptocurrency I had envisioned a similar system as that of Colonial Scrip that would circulate alongside the Imperial US Dollar (the empire...Alex Jones like lol).