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    \[Kickstart\] Link - The File Sharing Blockchain Protocol

    Feathercoin Discussion
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    • K
      Kevlar Spammer last edited by

      It’s entirely possible.

      The short answer is: New blockchain.

      The long answer is MUCH more interesting.

      Because the coins are being destroyed, the existing ones become more valuable. As the rate of deflation increases, the cost of publishing skyrockets until it becomes unfeasible. Also, you’re rich.

      But let’s do the math. If 15 bytes is 1 satoshi, there’s 336 million FTC possible. 336,000,000 * 10,000,000 = 3,360,000,000,000,000 bytes. or a little over a little over 3.3 exabytes.

      And that the FTC blockchain. What about InifiniteCoin? DogeCoin? NotYetInventedCoin?

      I think it’s a problem people will decide how to deal with later. You can’t stop people from spending coins, so it’s a problem for the free market to solve using free market dynamics, like supply and demand.

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      • K
        Kevlar Spammer last edited by

        Holy crap, I’m on the front page of /r/bitcoin!

        [url=http://www.reddit.com/r/Bitcoin/comments/1tncpx/i_thought_some_of_you_might_be_interested_in_this/]http://www.reddit.com/r/Bitcoin/comments/1tncpx/i_thought_some_of_you_might_be_interested_in_this/[/url]

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        • F
          finalbillybong Regular Member last edited by

          Kevlar! I don’t have many coins but think this ia fantastic idea! Sending you 10! I know it’s not much but as Tesco say, every little helps…

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          • H
            HopeStillFlies Regular Member last edited by

            [quote name=“Kevlar” post=“47475” timestamp=“1387966200”]
            Holy crap, I’m on the front page of /r/bitcoin!

            [url=http://www.reddit.com/r/Bitcoin/comments/1tncpx/i_thought_some_of_you_might_be_interested_in_this/]http://www.reddit.com/r/Bitcoin/comments/1tncpx/i_thought_some_of_you_might_be_interested_in_this/[/url]
            [/quote]I see already there’s people who are losing their shit over it.

            This is gun be [i]good[/i].

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            • T
              Tuck Fheman last edited by

              [quote name=“HopeStillFlies” post=“47519” timestamp=“1387993715”]
              [url=http://www.reddit.com/r/Bitcoin/comments/1tncpx/i_thought_some_of_you_might_be_interested_in_this/]http://www.reddit.com/r/Bitcoin/comments/1tncpx/i_thought_some_of_you_might_be_interested_in_this/[/url]
              [/quote]

              I’ve read about 10 minutes and it’s full of haters irate over the fact that they’ve failed to comprehend what Link is/does and are attacking a red herring [i]they[/i] created in their responses. Too funny.

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              • M
                mnstrcck last edited by

                [img]http://i.imgur.com/RCglydF.png[/img]

                My favourite is this, from Gavin Andresen himself, who actually didn’t even bother to read about it in detail and just assumed it was intended strictly for Bitcoin.

                [sub]Or at least that’s how I understood it. What I don’t understand is how SatoshiDice transaction bloat is OK, but something like this isn’t?[/sub]

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                • H
                  HopeStillFlies Regular Member last edited by

                  Maybe someone should link him to the technical thread where Kevlar steps everything out.

                  I made a submission. heeeeeeeeeee I’m happy.

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                  • zerodrama
                    zerodrama Regular Member last edited by

                    [quote name=“HopeStillFlies” post=“47528” timestamp=“1387997048”]
                    Maybe someone should link him to the technical thread where Kevlar steps everything out.

                    I made a submission. heeeeeeeeeee I’m happy.
                    [/quote]

                    O.M.F.G. The amount of passive aggressive hate in the thread. LOLOLOLOLOLOL.

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                    • M
                      mnstrcck last edited by

                      [quote name=“zerodrama” post=“47533” timestamp=“1388000126”]
                      [quote author=HopeStillFlies link=topic=5663.msg47528#msg47528 date=1387997048]
                      Maybe someone should link him to the technical thread where Kevlar steps everything out.

                      I made a submission. heeeeeeeeeee I’m happy.
                      [/quote]

                      O.M.F.G. The amount of passive aggressive hate in the thread. LOLOLOLOLOLOL.
                      [/quote]

                      People rushing to judgement without proper research + a closed social circle sheep mentality.
                      r/Bitcoin is very circlejerky already.
                      The good thing is that it has started a discussion.
                      The seed has been planted.

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                      • H
                        HopeStillFlies Regular Member last edited by

                        Well, I meant I made a submission to the Link project properOMGSOMEONEGOFINDIT

                        As for /r/Bitcoin itself, give a few days and someone “in” will talk about it and it’ll get proclaimed as the Second Coming of Crust.

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                        • zerodrama
                          zerodrama Regular Member last edited by

                          [quote name=“HopeStillFlies” post=“47537” timestamp=“1388000948”]
                          Well, I meant I made a submission to the Link project properOMGSOMEONEGOFINDIT

                          As for /r/Bitcoin itself, give a few days and someone “in” will talk about it and it’ll get proclaimed as the Second Coming of Crust.
                          [/quote]

                          I linked the proper protocol as well. They’re so afraid that their Store of Value bomb shelter bunker might be overshadowed by a Useful Method of Exchange Value Ferrari.

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                          • M
                            mnstrcck last edited by

                            [quote name=“HopeStillFlies” post=“47537” timestamp=“1388000948”]
                            Well, I meant I made a submission to the Link project properOMGSOMEONEGOFINDIT
                            [/quote]

                            Five Iron Frenzy? Now your username makes a lot of sense.

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                            • H
                              HopeStillFlies Regular Member last edited by

                              [quote name=“zerodrama” post=“47540” timestamp=“1388001255”]
                              I linked the proper protocol as well. They’re so afraid that their Store of Value bomb shelter bunker might be overshadowed by a Useful Method of Exchange Value Ferrari.
                              [/quote]Nonono, I mean, er, I’m not making myself clear.

                              I’m already using the site proper that Kevlar linked those who contributed to. I made a submission to the blockchain.

                              [quote author=mnstrcck link=topic=5663.msg47542#msg47542 date=1388001559]
                              Five Iron Frenzy? Now your username makes a lot of sense.
                              [/quote]
                              Plus it’s a double meaning with my actual name.

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                              • zerodrama
                                zerodrama Regular Member last edited by

                                Member kids, Gavin sez: Don’t anus the blockchain.

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                                • M
                                  mnstrcck last edited by

                                  [quote name=“zerodrama” post=“47554” timestamp=“1388006792”]
                                  Member kids, Gavin sez: Don’t anus the blockchain.
                                  [/quote]

                                  It’s like some dude that was involved in working on improving the Gutenberg press in 1440 saying, “K, guyz, don’t use dis 2 printz erotica 'n stuff, k?”

                                  [sub]Which, again, I’ll have to reiterate a previous comment I made where I said that the idea of a Bitcoin Foundation is kind of a bad one. It’s showing someone is taking ownership of something that wasn’t meant to be owned or centralized.[/sub]

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                                  • C
                                    chrisj Regular Member last edited by

                                    If only Satoshi had made the code open source so that anyone could have a go at setting up a global dialogue with a self stabilising consensus and then let the people decide through their collective action who should win.

                                    If only it were easier to get to the top than it were to stay there. If only we weren’t ruled by tyrants at the mercy of their fear desperate for power and control.

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                                    • M
                                      mnstrcck last edited by

                                      [quote name=“chrisj” post=“47558” timestamp=“1388008771”]
                                      If only Satoshi had made the code open source so that anyone could have a go at setting up a global dialogue with a self stabilising consensus and then let the people decide through their collective action who should win.

                                      If only it were easier to get to the top than it were to stay there. If only we weren’t ruled by tyrants at the mercy of their fear desperate for power and control.
                                      [/quote]

                                      +1

                                      I don’t want to sound alarmist - but it’s a cyclical thing. Historically speaking. And I see it happening to some extent with Bitcoin. The human aspect in its maintenance is prone to human fallacies - weaknesses - greed and ego.

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                                      • C
                                        chrisj Regular Member last edited by

                                        [quote name=“mnstrcck” post=“47559” timestamp=“1388008994”]
                                        +1

                                        I don’t want to sound alarmist - but it’s a cyclical thing. Historically speaking. And I see it happening to some extent with Bitcoin. The human aspect in its maintenance is prone to human fallacies - weaknesses - greed and ego.
                                        [/quote]

                                        But those cycles are getting a lot shorter. And short enough to provide opportunity for adaptation within our own lifetimes rather than it being intergenerational. Change is the new normal and the rate of change is accelerating. Learn or die.

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                                        • zerodrama
                                          zerodrama Regular Member last edited by

                                          [quote name=“chrisj” post=“47558” timestamp=“1388008771”]
                                          If only Satoshi had made the code open source so that anyone could have a go at setting up a global dialogue with a self stabilising consensus and then let the people decide through their collective action who should win.

                                          If only it were easier to get to the top than it were to stay there. If only we weren’t ruled by tyrants at the mercy of their fear desperate for power and control.
                                          [/quote]

                                          Dat y I do dis: [url=https://bitcointalk.org/index.php?topic=382896.msg4115835#msg4115835]https://bitcointalk.org/index.php?topic=382896.msg4115835#msg4115835[/url]

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                                          • F
                                            FTClover Regular Member Banned last edited by

                                            [quote name=“Kevlar” post=“47457” timestamp=“1387958608”]
                                            It’s entirely possible.

                                            The short answer is: New blockchain.

                                            The long answer is MUCH more interesting.

                                            Because the coins are being destroyed, the existing ones become more valuable. As the rate of deflation increases, the cost of publishing skyrockets until it becomes unfeasible. Also, you’re rich.

                                            But let’s do the math. If 15 bytes is 1 satoshi, there’s 336 million FTC possible. 336,000,000 * 10,000,000 = 3,360,000,000,000,000 bytes. or a little over a little over 3.3 exabytes.

                                            And that the FTC blockchain. What about InifiniteCoin? DogeCoin? NotYetInventedCoin?

                                            I think it’s a problem people will decide how to deal with later. You can’t stop people from spending coins, so it’s a problem for the free market to solve using free market dynamics, like supply and demand.
                                            [/quote]

                                            I like the long answer, thank you for that! I think I’m just going to store and build my ftc holdings for at least 6 months and hopefully by then ftc will be worth at least 10 euro :)

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