-
Welcome to Religious Forums, a friendly forum to discuss all religions in a friendly surrounding.
Your voice is missing! You will need to register to get access to the following site features:- Reply to discussions and create your own threads.
- Our modern chat room. No add-ons or extensions required, just login and start chatting!
- Access to private conversations with other members.
We hope to see you as a part of our community soon!
Cryptocurrency - Few questions
- Thread starter Viraja
- Start date
It was the first cryptocurrency.
Someone has to be willing to trade. There are vendors who do trading. Many businesses do not use cryptocurrency, so at this time the bitcoin and the other cryptocurrencies are more like a stock than a currency. There are vendors who accept bitcoin instead of bank notes, and so they can be used as cash sometimes but not always.
The main breakthrough of cryptocurrencies is not the currencies themselves but the blockchain. The blockchain creates a permanent record, replacing various functions of banks and other institutions. Kodak is offering a service based on this that secures rights to digital photos. They keep a record of photos that you register on their blockchain, so you can always prove that you are the author. Traditionally this would be a function of government, but the blockchain acts as a guarantor.
For a staffer, you're dang smart.
How'd they ever let you in?
They wanted a pleb to buy the pizza and do the back rubs.
Fine....but no happy endings.
While we're at it when did Revoltingest become such a sweetie pie.
Viraja
Jaya Jagannatha!
@Brickjectivity, thank you so much!
He bribed us with cryptocurrency. We didn't know what that was until he bought us cheeseburgers with it.
I've always been wonderful.
But I've been doing a better jkob of avoiding some
discussions...you know, the kind wherein someone
needs a spank'n.
When he offered Brickcoins, you weren't suspicious?
Nah. Brickcoins are still more than what staff get paid around here.
Are you sure?
Brickcoins are more like IOUs than money, ie, if you get
one, you owe someone else a cheeseburger or foot rub.
What if we fork a copy of one of the open source crypto currencies? We'll call it ReligionCoin, and we'll use it for implementing a donation system. If you donate to a charity through us you get ReligionCoin. We'll keep track of donations, and that's our business; like a notary service. If there's any question about whether someone donates we will back them up with our blockchain.
I see one problem with this plan and also a correction to the problem.
There is a huge problem with the above plan and that is the resources needed and the energy it will cost to implement our own blockchain. It requires a lot of processing power and a lot of users sharing CPU time. Therefore what we should do instead is piggyback onto one of the currently successful public blockchains. We will mine with them and instead of issuing crypto currency for donations we will issue digital certificates based upon entries we will make in their blockchain ledger. We benefit the blockchain by contributing CPU time, and we will provide a notary service for donors.