Post
Topic
Board Bitcoin Discussion
Re: The Legitimization and Inevitability of Bitcoin
by
Surawit
on 12/09/2011, 00:13:21 UTC
if they don't care or like money printing then you have nothing to worry about and shouldn't be wasting your valuable time here, right?
You object to "mindless USD printing". Isn't that what bitcoin printing/mining is by design? It's unalterable, there is no human input at all, it is literally mindless. In contrast a great deal of thought goes into how much USD to print each month... You may disagree with the reasoning they use, but it's stupid to call it "mindless".

I'm not as naysaying as some, who think bitcoin is totally worthless. I think bitcoin does have a medium-term future, as a niche currency for internet pedophiles, libertarians and drug dealers... also vested interest? You're the one that has spent actual cash on monopoly money. Clearly you have a vested interest in convincing others your monopoly money is worth something. I am, on the other hand, free of such conflicts.

b/c they will never be able to create a superior product and the mere fact that they would want to control and profit off an alt chain goes against the very concept of a decentralized, P2P, fixed amount of currency.  you clearly have a vested interest in not understanding what you don't want to understand.
OK, even if you are right (you're not)... Whats to stop them making a decentralized, P2P, fixed amount of currency bankcoin? They could alter the protocol so (say) instead of all 50btc or whatever going to miners for each block mined, a percentage of it would go straight to their accounts. Functionally identical to bitcoin for end users, with the exception that conventional banks are holding most of the reserves instead of nerds