People don't mine Bitcoin, they mine other shitcoins.
FUCK BITCOIN
Aiden Hall
Juan Jackson
Has anybody ever made an inflationary cryptocoin that isn't reliant on mining, so it's an actual useful currency instead of a deflationary pyramid scheme targeting goldbuggerers?
Gavin Bennett
I remember when Bitcoin was first a thing and it was hard as fuck to mine with an Nvidia card, I had still given it a shot with my 770 and made about a tenth of a bitcoin or something. I remember having thought to myself that the whole thing was worthless since one bitcoin was around ten bucks, so I threw it all away. That said, Bitcoin is a tip top meme that everyone's gotten in on so the ecosystem is so entrenched in shit that even if I still had my fraction of an internet dollar I still wouldn't know what the fuck to do with it.
Basically this
Nicholas Thompson
cryptocoins will always rely on miners, without them there is no cryptography, and there are several inflationary cryptocoins, since you obviously have no idea how any of this works, how about doing 10mins of research instead of just shitposting?
David Price
It's called proof of stake. The more money you set aside to stake the likelier you are to win. This makes it so making money is based on how rich you are. (If you own >50% of the coins you can attack the network IIRC). What could go wrong giving all the power to the richest class of users.
Julian Rodriguez
It would be like normal fiat currency, so there would be no way to kike normalfags into it.
As opposed to mining where your ability to make coins through mining entirely depends on your pre-existing wealth to afford the mining hardware.
Ryder Butler
no POW
yes POS
Matthew Collins
...
Austin Young
I'm not falling for your tricks, Schlomo.
Gabriel Adams
10 mins of research man, thats all it would take, seriously, you dont [have to] pay a miner fee on [most] inflationary coins, and miners are the equivalent of cashiers, they may not own the product that youre buying, but theyre certainly related to the transaction.