It is simpler than that; simple numbers. Bitcoin is volatile right
now, not for fundamental architecture reasons, but for reasons why
many other small issues are volatile. Low liquidity and a small issue
implies that a single big player can easily the move the market.
Further, it is volatile beca
Bitcoin's volatility is not a symptom of its architecture, but a reflection
of the collective knowledge of its future acceptance. Currently that
knowledge is based on very volatile sources: how some senator feels about
it this morning, which direction departments in the Chinese government are
leani
This has been asked very recently:
http://sourceforge.net/mailarchive/forum.php?forum_name=bitcoin-development
And a thousand times on bitcointalk.
On 12/10/13, Jameson Lopp wrote:
>
> "no reliance on external data" ... "depending on various factors (coin
> valuation/exchange rate"
>
> ಠ_ಠ
> -
"no reliance on external data" ... "depending on various factors (coin
valuation/exchange rate"
ಠ_ಠ
--
Jameson Lopp
Software Engineer
Bronto Software
On 12/10/2013 11:23 AM, Jan Kučera wrote:
> Basically there would be no reliance on external data as the network itself
> would decide on reward h
Hi there,
I am not sure this wont be considered as off-topic here, but I did not find
a better place to ask. My question is - has anybody here thought about the
idea of variable block rewards where mining would essentially be popularity
based? I mean in terms either improving Bitcoin's protocol or
Ryan Carboni wrote:
And the economic parameters of bitcoin are not fixed in stone. If
there needs to be a change, it will be messy but it could happen.
Need is an awfully big word. One thing we are certain of is that some
guy telling us all that we are wrong is nowhere near the "need" level.
On 12/10/13, Ryan Carboni wrote:
> You're just closed minded.
No, at least to persons have explained you why your proposal is not feasible.
If you wanted to learn, you would have made questions on why those
parts of your proposal are unfeasible.
There have been many proposals about "stablecoins"
>
> I believe that if there ever becomes a consensus that Bitcoin?s inflation
> parameters were a show-stopper for the Bitcoin economy, that the power to
> correct it lies with merchants, who would vote for changing the rules. I
> believe they would do this not by changing Bitcoin, but by acceptin
I've been lurking on this convo since it began, but I wanted to say
thanks, theymos
cheers to you all and yay for decentralization, wherever it leads.
-odinn
muh latest: http://github.com/ABISprotocol/ABIS
> On Sun, Dec 8, 2013, at 03:11 PM, Drak wrote:
>
> It's not just about trust, there is th
On Mon, Dec 9, 2013 at 11:57 PM, Mike Caldwell wrote:
>
> I believe that if there ever becomes a consensus that Bitcoin’s inflation
> parameters were a show-stopper for the Bitcoin economy, that the power to
> correct it lies with merchants, who would vote for changing the rules. I
> believe they
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