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    Author Topic: Economic Devastation  (Read 504862 times)
    TPTB_need_war
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    April 27, 2016, 09:43:52 PM
     #2541

    The purpose of mining is to create a permanent decentralized exchange, which thus results in a permissionless system.

    And even better than Bitcoin will be the coin where those newly mined coins are mined by the millions and billions of users, not by few 100s of professional miners (which is where Bitcoin is rapidly centralizing to). The only way to achieve this is to make mining unprofitable. I've explained this design, yet so many people remain skeptical. I'll finish the 'plaining in a white paper after it is too late to copy the design.

    Absent an automatic means in the economy where money naturally moves from the power law distribution wealthy back to the masses, then Socialism erects to do the job, which is then captured by the same power law which ends up in periodic 600 year Dark Ages.

    It is time for something better. Even better than Bitcoin. At least we have a somewhat decentralized Bitcoin in the meantime.

    I have work to do.



    Then get your a$$ back to work!

    Smiley    Tongue    Smiley    Tongue


    I can write that because I'm older than you are, smile.  But, really, do what you have to do...

    World changing accomplishment completed (links to the solution are at the other thread):

    Today afaics I have completely solved Philip Wadler's famous Expression Problem in the remaining area where it wasn't solved which are collections! A known unsolved problem in computer science for at least a decade and half.

    Philip Wadler is the famous computer scientist professor co-creator of Haskell.

    Essentially afaics my proposal is combining first-class type unions, first-class trait intersections, a global hash dynamic dispatch, and optional immutability to allow for first-class heterogeneous collections which are open in both dimensions of Wadler's Expression Problem, i.e. can add new data types and new interfaces orthogonal without restarting from before what one already has at any location in the source code. And this apparently eliminates subtyping entirely (which typeclasses didn't have any way, e.g. Haskell, Rust, and PureScript).

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