On 12/22/2017 06:48 PM, John Newman wrote: > > > On December 22, 2017 4:33:54 PM EST, grarpamp <[email protected]> wrote: >> On Fri, Dec 22, 2017 at 2:56 AM, Gaycoin <[email protected]> wrote: >>> Coin went from ~20K to almost half it's value in a few days. >> >> Normal, been there, done that... >> https://www.reddit.com/r/Bitcoin/comments/7leubr/fact_tonight_is_the_fifth_30_correction_of_2017/ >> https://www.youtube.com/watch?v=-hlN2nel5HI >> >>> 1,000,000.00 >>> 100,000.00 >>> 10,000.00 <--- You are here >> >> At least two more magnitudes remain to unlock. >> >>> reddit.com/r/Bitcoin/comments/7leq7t/bought_at_19500_ama/ >> >> For posterity... >> https://www.reddit.com/r/Bitcoin/comments/7le7t9/bitcoin_today/ >> https://www.reddit.com/r/CryptoCurrency/comments/7lhgeq/waking_up_today_and_checking_prices/ >> https://www.reddit.com/r/Bitcoin/comments/7lg5dt/quick_grab_the_offer/ >> https://www.reddit.com/r/Bitcoin/comments/7lfm1b/so_the_10k_prediction_by_the_end_of_the_year_was/ >> https://www.reddit.com/r/Bitcoin/comments/7lf70e/why_crypto_crashed_today/ >> https://www.reddit.com/r/Bitcoin/comments/7lhj3w/to_the_new_guys_lets_see_how_tough_you_really_are/ >> https://www.reddit.com/r/Bitcoin/comments/7ler9l/number_of_hodlers_with_strong_hands/ >> https://www.reddit.com/r/CryptoCurrency/comments/7lefhw/current_state_of_the_crypto_world/ >> >> Whatever the new line of support ends up being, >> it'll be a hella strong launchpad to the next one. >> >> Cryptocurrency is still early days, there are but three primary >> rules... >> >> 1) Stay agile 2) Buy dips 3) HODL... >> https://www.youtube.com/watch?v=90dQQYp2QWM >> https://www.youtube.com/results?search_query=crypto+hodl >> >> and of course >> >> 4) Work on adoption while ignoring the markets >> https://www.youtube.com/watch?v=3lql_bwZoZs >> https://www.youtube.com/watch?v=y3cKBDBabtA >> >> 5) Spend and annoy a statist >> https://www.youtube.com/watch?v=TZ0XcvHgpTc >> https://www.youtube.com/watch?v=YdJGmOnTURc >> https://www.youtube.com/watch?v=woOodUglSrk >> or just live >> https://www.youtube.com/results?search_query=living+on+bitcoin >> >> >>> Scumbags >> >> Some say BTC is pretty scummy with crazy fees and all... >> https://www.reddit.com/r/btc/comments/7ld7vp/greg_maxwell_uncorks_the_champagne_to_celebrate/ >> >> >>> hemp >> >> Aren't there already some drug coins? >> So buy some, smoke a lil, and dig the audiovisuals... >> https://www.youtube.com/results?search_query=marijuana+music >> https://www.youtube.com/results?search_query=psychedelic+music >> >> >> In crypto we trust... > > A brief point... The whole proof of work calculation that is done > in the process of Bitcoin activity would be far more > interesting if it did something useful. I suppose this is > much easier said than done - how do you precisely > quantify "useful work" (eg crunching data on the genome, > on folding proteins, on SETI, etc)... >
One way a friend and i thought of was to use bitcoin tech but make the coin far far more divisible - something like 10^10 or even more and have the blocks signed by some sort of mint. The "mint: could be SETI or genome projects or the like. The way we thought to get rid of the energy problem would be to only issue a very very small portion of the blockchain. The obvious problem is the centralization, though there could be many signers that could issue work-coins for worthy projects. Not sure if my understanding of the tech is right but it was something we thought a bit about. > Burning carbon to generate wattage simply for the > purpose of proving work generating hashes, without doing > anything useful, seems like an awful waste. We are baking > the earth quickly enough, aren't we? > > Are there are any digital currencies working in this > direction? Is it even feasible? > > I take only a mild interest in Bitcoin having sold (used, actually) a number > of coins at $400-$600 a couple years > ago and feeling foolish now, but I also recognize the > environmental problem. > > Cheers > John >
