Post
Topic
Board Altcoin Discussion
Re: Fundamental flaw in consensus algorithms?
by
username18333
on 27/08/2015, 01:21:38 UTC
One potential solution I see to this problem is to make mining an unprofitable asset burning operation. But if this is accomplished by burning coins, eventually end up with 0 money supply.


GEC could be "spent" ex nihilo (and, thus, ex necessitate rei), so "the next [five] years or more" (xhoneyael) could be irrelevant as long as its "buying power" were non-null.

So we don't want an anti-money (whom can free-for-all coinbase nilly-willy debase faster race into the abyss) shitcoin that is designed to perniciously, self-destruct into a mutual chaos.

Are you certain? (I.e., Are you an economic Euthyphro?)

Quote from: Thomas Paine, _Rights of Man_, 1791
Reason obeys itself; and Ignorance submits to whatever is dictated to it.

Even Aristotle (384‒322 BCE) would not understand: “the capital or money is money because it is beloved of the one basis point” (qtd. in username18333).