Quote from: DavinciJ15 on September 09, 2011, 06:40:33 PM

Quote from: The_Duke on September 09, 2011, 06:46:38 AM

Quote from: Synaptic on September 07, 2011, 01:49:04 PM

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...

I have learned nothing except you are an angry and perhaps jealous individual.

Quote from: Synaptic on September 07, 2011, 01:53:58 PM

Quote from: westkybitcoins on September 07, 2011, 08:09:29 AM

@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.

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.

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.

You have no fucking idea what you're talking about, you obviously haven't read my conceptual description in the alt-crypto forum (https://bitcointalk.org/index.php?topic=41059.0), 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.