Mining generates coins and helps to keep the network stable/secure.
HT xD
I knew the answer to the network mining question before spider-man answered it. I posted yesterday that the 1TH of ASICS I bought will help secure the Bitcoin network the more miners the more confirmations and I'm sure there's more to it. And making free tax free money a monkey know that part.
So yes, one purpose is to equally distribute coins to many people without doing a centralized giveaway (ala XRP, or... this...). Making free money is not an answer, especially considering that you have to invest into a mining rig. Hippie Tech got that one. The other purpose is more specific. Yes, it keeps the network secure, but there is a more specific way to describe this.
How do miners help secure the network? If you can't answer this Vlad, then you have no business launching a coin. That's like founding a toothpaste company, knowing only that everyone uses toothpaste and without knowing what the purpose of toothpaste is.
I do know what those things means but only vaguely and only since the last 3 months. I can't put a list of all the websites I've bought, like 140 of them. It would be funny. Keep in mind I got here late so most of the good names were gone so I had to get creative on some of these. Lol
So GoDaddy charges about $10/yr for domain registration. So you spent $1400 in domains alone? This is absurd.
But eventually it will be ZOG as you call it - but that could take 5 years or 50 years but digital cash is here and soon watch now Americans will beg for it to replace their dollars and that's the whole point.
Are you talking about Bitcoin? Because government hates it! It's so much easier for them to confiscate money from bank accounts and track people with credit and debit than any cryptocurrency, especially now that Zerocoin is becoming a thing. Cash is even easier to confiscate.
I even bough a couple old servers a few months ago when i was even more excited, which sit here doing nothing.
Holy shit, how much money have you spent so far?
Oh it's funny. I told him I launched my own coin and he kinda just laughed and said something like: oh, I don't think I would do anything like that.
Man, I'm like those retards who don't know their own strength. This guys is a hardware genius and he wouldn't launch his own coin and 3 months ago o thought a node was something on a tree and I launched my own coin. At least I realize in what things I'm really stupid in so I search out real talent. I've got world class hardware and a software guy now which I know personally that can help me out.
He doesn't want to waste his time it seems.