Re: Anyone know what happened to knightmb and his 371,000 BTC?
So that's where I spend all my time now, at timekoin.org
This is a quote from the site:
Quote
The Timekoin economy runs on very simple rules. These rules are enforced by all peers participating in the network.
No hard limit on currency. The only restraint is math itself.
No hard limit on currency. The only restraint is math itself.
If this means that there is no upper limit on the total amount of "coins" that can be generated - i.e. infinite inflation, than this will fail unfortunately.
All currencies must be inherently scarce, otherwise failure is guaranteed.
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There is only so many hours in a day Im guessing
