> Not sure which bookstore accepts bitcoins, but you might want to invest in a dictionary. :o) Or amazon coins, dogecoins, aurora coin, blackcoin, coinye's, dark coins, etc etc.
I won't fight over a stupid dictionary definition, but in case you want to know: The one I used I took it from one. Now what? Do you have any algorithm so that we can achieve consensus on this, or I'll have to accept what you say as a doctrine? The fact that you insist so much on a definition makes it clear that your argument is pretty weak, you have no clue how to attack Bitcoin anymore. You just have an irrational hate against it and want it to go away.
And I don't consider any of those coins "investments". They are redundant, they don't do any significant thing that Bitcoin doesn't, and Bitcoin has a much larger network effect, which is one of the most important things for a protocol and a currency.
> That's 50% plus one
Since you keep saying that, let me explain that simple majority isn't 50% plus one, it's >50%. For example, if we have 9 participants, the majority would be 5, not 5.5.
> Why do you think there are so many different crypto currencies. They all are greedy and want to harvest as much in the early stages of their mining, maximum returns on investments.
Yes, people are greedy. Some try to innovate, some just copy/paste the code, like your beloved dogecoin. But what's your point anyway?
> And if i don't seem to understand, in your eyes, what proof of work is, then please elaborate.
It's an algorithm for achieving distributed consensus, and the cost is those hashes. If you think distributed consensus is worthless, that's a separate issue and you should discuss it as such.
> Only thing they managed so far in my opinion is to create a somewhat, (its not,) anonymous payment system that allows the selling and buying of things that are generally illegal.
Cash is much better for illegal activities. Do you know who said this? The FBI. But your hate is too strong to accept this.
> So to get back to evolution theory, there certainly isn't a consensus on this around the world.
I'm talking about the scientific community, obviously. What do I care what preachers or soldiers say about a scientific issue?
> Have a good and happy mining weekend :)
What makes you think I mine? I don't mine Bitcoin, just like I don't mine gold.
I won't fight over a stupid dictionary definition, but in case you want to know: The one I used I took it from one. Now what? Do you have any algorithm so that we can achieve consensus on this, or I'll have to accept what you say as a doctrine? The fact that you insist so much on a definition makes it clear that your argument is pretty weak, you have no clue how to attack Bitcoin anymore. You just have an irrational hate against it and want it to go away.
And I don't consider any of those coins "investments". They are redundant, they don't do any significant thing that Bitcoin doesn't, and Bitcoin has a much larger network effect, which is one of the most important things for a protocol and a currency.
> That's 50% plus one
Since you keep saying that, let me explain that simple majority isn't 50% plus one, it's >50%. For example, if we have 9 participants, the majority would be 5, not 5.5.
> Why do you think there are so many different crypto currencies. They all are greedy and want to harvest as much in the early stages of their mining, maximum returns on investments.
Yes, people are greedy. Some try to innovate, some just copy/paste the code, like your beloved dogecoin. But what's your point anyway?
> And if i don't seem to understand, in your eyes, what proof of work is, then please elaborate.
It's an algorithm for achieving distributed consensus, and the cost is those hashes. If you think distributed consensus is worthless, that's a separate issue and you should discuss it as such.
> Only thing they managed so far in my opinion is to create a somewhat, (its not,) anonymous payment system that allows the selling and buying of things that are generally illegal.
Cash is much better for illegal activities. Do you know who said this? The FBI. But your hate is too strong to accept this.
> So to get back to evolution theory, there certainly isn't a consensus on this around the world.
I'm talking about the scientific community, obviously. What do I care what preachers or soldiers say about a scientific issue?
> Have a good and happy mining weekend :)
What makes you think I mine? I don't mine Bitcoin, just like I don't mine gold.