Bitcoin Sidechains via Bip300: https://drivechain.info
Quote from: zack on February 18, 2016, 05:19:28 PMThe value of the coins is approximately equal to the value of the resources destroyed in creating those coins.If a rich person spends 2x the market cap of bitcoin buying bitcoins, no resource is destoyed. The USD don't get destroyed, they go to other bitcoin holders who sell. So the market cap can't increase.So the rich person ends up with less than 50% as much value as they started with.
Quote from: zack on February 16, 2016, 01:54:08 PMFor example, imagine a group of people who owned $100 billion wanted to convert all that money to bitcoin. They should own 94% of all the bitcoin after this transaction, because all existing bitcoin is only worth 6% of the amount they are buying.
Quote from: zack on February 22, 2016, 05:17:25 PMNo one would prefer the assets that have crazy expensive fees attached.
Quote from: zack on February 22, 2016, 11:19:41 PMI want to make a blockchain with a $ trillion market cap.There are 2 ways to increase the market cap of a cryptocurrency:1) burning value by advertising.2) burning value by mining.
Quote from: psztorc on February 22, 2016, 11:50:17 PMDo you really not know how prices are determined? Obviously the two correct answers are "supply" and "demand".
Quote from: zack on February 23, 2016, 01:37:16 AMQuote from: psztorc on February 22, 2016, 11:50:17 PMDo you really not know how prices are determined? Obviously the two correct answers are "supply" and "demand".Sure, price is from supply and demand, I don't see how that relates.I was making a claim about the market cap, not the price.I claim that the only way to raise the market cap is by doing POW, which can possibly take the form of advertising.