Post
Topic
Board Development & Technical Discussion
Re: Bitcoin version 0.0.8
by
Cr4shOverride
on 02/09/2023, 08:12:24 UTC
Quote
you cannot switch ON that network without declaring yourself a miner!
You can have a non-mining node. Not everyone has to be a miner. It was planned from the very beginning.

The current system where every user is a network node is not the intended configuration for large scale.  That would be like every Usenet user runs their own NNTP server.  The design supports letting users just be users.  The more burden it is to run a node, the fewer nodes there will be.  Those few nodes will be big server farms.  The rest will be client nodes that only do transactions and don't generate.

Quote
i wonder what will happen when the official coins are mined in full
Then, the system will switch entirely into transaction fees, and nothing else. Then, 21 million coins will change hands, but there should be no new ones being generated, all of them should be only reassigned, when it comes to ownership. Also, we have a separate topic about fees, you can read it too: https://bitcointalk.org/index.php?topic=5465318.0

the moment someone does the mining with his computer or smartphone or tablet or any other tap into the internet device, he is a miner.

but this was the main reason i created mynetec.com in the first place. to find way to enable this mining principle to the indvidual user. not by cloud mining.
he interacts with his device, this costs him time.

from there on i connect them into the miners. do them the banking part and give them an output for mined coins amounts via social media app already existing (whatsapp is best use for masses here at the moment)

most people do not wanna connected into this anyway more than understanding how mining in principle works, making money from it. and spending thee money through a whats app chat.

you accept their bitcoin address they give where they wanna have send the money into and you do the transaction for them

their ownly job is:

interacting with the whatsapp chat. no external additional app needed or better said you can implement this way of processing into any existing chat or communication app.

putting into bitcoin address for where they wanna have things send to

and deciding if yes or no.

No keys have to saved. NO to be remembered by the user.

and no additional hardware be bought to run by themselves.

cause i do not like that every partitipant for bitcoin should be responsible for how their money is managed. this is not good for enabling the tech for more people.

it is only good for people like us that like doing the bankers job in combination to a coders (most people are not coders either)

that is why i think such an approach is the better solution now.

only thing needed is accepting the contract to mine your coins via mynetec as the company you are being connected.

now everyone reading this encouraged to build his own company as well for dealing with it in such a way to help for further mass adoption and the competition keeps things running.

however as with all this information now placed here it is also true that i have to be responsible now to keep the network going. otherwise the company wont run.

all said for this part of the job for running an own company.