Quote from: franky1 on May 20, 2022, 11:51:10 PM

you are not advertising bitcoin.
your advertising a new token that has multiple functions.
and then adding in words to make it sound like its about bitcoin..

plus looks like a poorly done copy and paste job from some website you found.
where they want to steal buzzwords like satoshi/bitcoin to pretend their token is bitcoin2.0..

funny part is it has not even shown any detail of dealing with the issues nor understanding the actual bitcoin network.

but hey nice try.
..
heres one issue to handle

something that goes back to the 2009 days.
bitcoins 'value' (not price) is based on the cost of computational power that people want to break even or profit from using.
EG bitcoin's base VALUE is over $20k but the price is above that.
this is because it costs over $20k of computational power to make a new btc this year.

lets say a country wanted to 'create' $1trillion of new token. where it has used $1trill of computational power in their 'pre-mine'
that would require alot of electric.

EG how people THINK a $1 coin is worth $1 of scrap metal (like the olden days of english money where £1 was thought of being worth 1pound(LB weight) of silver

to get back to matching this value exactly and proven. is not cheap and its time consuming. so not something you can just invent/release overnight

there will always be an element of value not equalling price.
even in the real bitcoin.
if we were to have mined at a constant 220exahash using modern asics. right from the start of 2009.
those 19mill btc that exist today would have been mined for under $50billion of electric. .. no where near the half a trilion 'market cap'
the reason we value the older coins as the same price as new coins. where people sell old coins at the same rate as new coins. is speculation.

in short.
trying to 'invent' a token that you think should have a proven value of say $20trillion to cover all the world reserve money conversion. would actually require trying to find a way to use $20 trillion of value to be USED in its creation. and then proven/locked into that token.. so that people then can buy something of proven value.. using their native currencies. to then destroy and remove the native currency at the conversion.. sorry but not gonna happen

I am not really advertising anything. It is only a proposed model. I would definitely like to see it built before CBDCs are thrust upon us. Most sovereigns would benefit from it rather than private parties like VCs/teams premining tokens. Bitcoin Protocol to me is just a model for a neutral mint & currency divorced from economic conditions of one sovereign state like the dollar.

I think the artificial difficulty defeats that definition of value. If the difficulty goes down due to some natural disaster or electricity becoming scarcer but bitcoin trades higher due to speculation, does it mean the value of bitcoin goes down? The computation cycles used again is artificially enforced.

There is no one country creating 1 Trillion Tokens. It all countries receiving the incentive/premine in the proposed currency for transitioning away from the dollar & to issue verified credentials.

Also the dollar reserve currency status was due victory in world war 2 & Bretton Woods Conference by 44 nations & before that the pound was there due to colonialism. Should we wait for war or collapse of the US economy for the discussion to happen gain. Even the US had to come up with the Marshall Plan & IMF quotas to make dollar acceptable. So sovereign states running such nodes & issuing their CBDCs & bridging their economies to the proposed platform/blockchain would signify its 'value'

AGAIN this doesn't replace fiat currencies but allows them to be tokenized & inter-operable so sovereign states won't lose their monetary sovereignty.