Quote from: Herp on January 30, 2014, 02:20:53 PM

Quote from: funkycoin on January 30, 2014, 02:11:30 PM

Quote from: Herp on January 30, 2014, 01:53:31 PM

Quote from: funkycoin on January 30, 2014, 01:35:31 PM

Quote from: Herp on January 30, 2014, 01:32:53 PM

Haha right. Mining this coin only contributes to more energy consumption and global warming. You can thank Max for that.

Yes... the irony of this had not been lost on me... but with human innovation and smarter programming, hopefully chips and graphics cards will eventually become less power hungry.

Right it's a race to the bottom. Atm PCs consume more and more power.

We've had 100PSU then 150, then 200 then 300, 340, 400, 500 W. Now not even 500 is enough you need 1000 wat PSU.

Miners keep buying more power hungry cards and do Quad crossfire n shit and put 4 cards on a mobo or even 8 cards.

It's nonsense basically. Also check the mining operation of some professional miners. I own shares on one of those. They keep getting power network upgrades on regular basis as operation is very power hungry.

Yes agreed, power consumption is adding to global fuel consumption which potentially becomes part of the problem... but there has to be a payoff between a system that begins to allow transparency and fairness to the current alternative... systems that eat power but are contributing to the wealthy staying in control and f***ing it up for humanity...

We all run fridges, washing machines, heating but if the computer in your house is contributing to THE network that provides the machine that decentralises the power of wealth and slowly takes it away from the 1% who currently have it then that power is being put to good use in that it begins to readdress the balance.

People will slowly stop mining shitcoins and provide power to the best coins (and other crypto apps) that actually achieve this aim... as the best ones will be the ones that will naturally have the highest growth/investment potential.

Another thing that should be remembered here is that crypto is at only at the early stages of its evolution and its use as a global ledger to make all trading and wealth distribution more transparent.

Max, through his Maxcoin initiative is part of that journey. His experience and time investment in launching this coin will help him to gain hands on knowledge of the system so look out out for MaxShares, MaxStocks, MaxFunds, MaxTrade, MaxExchange, MaxLoans, MaxMortgages, MaxPay, MaxDerivatives, MaxGold, MaxCard, MaxCredit... this is just the begining folks:-)

You can do all of the above with a proof of stake currency. You don't need mining.

Max could have issues a 100% proof of stake currency if he cared about the environment.

good one^^