Bitcoin Blockchain Has Been Forked (New: BitcoinCash UAHF)

[grarpamp]

On Tue, Aug 1, 2017 at 6:03 PM, \0xDynamite <dreamingforward at gmail.com> wrote:
> What bitcoin needs to do is limit transactions to online transactions
> or (more exclusively) the internet.  If it enters the old money
> marketplace, it simply engages too much confusion.

"Old money" is a representation and medium of work. One cant't
just wish a new DC validity and valuation upon people from the FSM,
one has to work for or exchange into a currency. No, that happens
validly everywhere, online/internet, interpersonal barter, etc.

Yes, it may usefully be hideable from old, as in Zcash / Zencash.

> You see the old money works because it's tied to actual value, not
> merely scarcity.  Officially or not, it's based on a valuable
> commodity, namely oil.

No it's not. One cannot obtain anything fixed from its issuer (The
Federal Reserve) in exchange for them. Everything else from all others
floats, be it freedom from jail for taxes, or petrol, eggs, jeans. Same for BTC
and DC's. NO sane oilman will give you a forever and indefeasible futures
contract per liter denominated in either any fiat or any DC.

> Bitcoin should devise a way to tie itself to
> CREATIVE works and produce more bitcoin (to prevent inflation) when
> more creative works are produced.

aka: Mining, though it's asymptotic, approaching valuation of
demand, as a currency should be.

It's also known that people can't grok, due to fiat indoctrination school, and
thus hate fixed quantity issuance because they failed to get in, so
they foolishly
demand inflation and manipulated markets as a crutch, instead of standing
upon fixed (relative deflation compared to LOL of fiat) as a benefit.

The fixed Q DC's posit that mutually enforced scarcity *is*
the value in itself, among other new deep thought values.
It's expected and normal for people to stay out till they grok that.

> The untold secret of the G8 economy is that they print new money when
> a few key players decide

Duh. Now various DC's require their only participants to drive the
print contract,
and they will never ever inflate it like fiat, otherwise they lose as
self suicide,
just like they are murdered by fiat.

> that value in the industrial economy has been
> produced.  That's actually not a TOTALLY bad policy, but eventually it
> drives the planet towards entropy unless that industrialism is
> producing MORE order rather than less.

Are shit products from China "order"? What about raped Earth?
And pointless US consumerism? Whose policy decides that?

> Bitcoin can figure out a fair solution to deciding when creative value
> is produced.  If it really wanted to be try something new, it could
> also value all non-material works, including academic work, patents,
> rather than just creative.

DC's are now programmable genesis codebase autonomous ICO's,
so you may create your own valuflation order models in a new coin.
Good times indeed.