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Bitcoin Blog a1

Showing posts with label reddit. Show all posts
Showing posts with label reddit. Show all posts

Thursday, July 9, 2015

Speculation on why the Get fairshare tipbot keeps getting shut down


Image result for bitcoins

For those of you not familiar with get fair share, it is a community dedicated to this idea of universal basic Income. In my own words basically, it is the idea that everyone is entitled to a basic standard of income regardless of employment status. They cite one issue with welfare is work is disincentive as working might cause one to lose their welfare status. Universal basic income solves this problem by providing money for impoverished people (  and rich people), but also it allows them to work and make more money, allowing the incentive to work to exist.

Image result for giving money to homeless


In an article i recently wrote for coinbuzz I spoke about how ISIS has been given instruction on how to use bitcoin recently, I also spoke about how giving bitcoin to ISIS is illegal. This is seen in the case of Bryce Weiner, and US Law. I have more details in my past article.

It recently dawned on me that changetip stopped Bryce Weiner's tip from going through for personal liability reasons.  If this is the case, perhaps reddit is doing the same thing. Perhaps if the fairshare bot gave money to a terrorist organization, Reddit itself could be fined. Again, this is speculation, but I think it has merit.

Wednesday, February 25, 2015

Nyan explosion


I have found an amazing cryptocurrency. As I mentioned before in prior posts I enjoy having dogecoin, but is there a coin out there for cat lovers? Well the answer is yes! Nyancoin!


(Here is Nyan Cat just for reference)


Everyone loves Nyan cat! Although, perhaps it is not quite as quotable as doge ( when I try to quote Nyan cat it normally ends in just an incomprehensible series of meows, which attempt to follow the pattern of the video), nyancoin seems as fun-loving as dogecoin. The reddit for it is here, and has been stirring lately in activity. Much thanks to one user in particular, coinaday.


The technical specs for the coin are as follows (source):


SPECS:

Algorithm: Scrypt
337 000 000 Coins
337 coins per block
1% premine for bounties, giveaways & dev support (not 10%!)
1 Minute Blocks
Subsidy halves in 500k blocks
Difficulty Retarget Time: 3 hours
RPC port 33700
P2P port 33701


Note, it does have a small premine, which I feel isn't a huge deal it is the price of active developers. That is to say, nyancoin does have an active development team! This is something not all coins can claim.

Edit: Coinaday offered some clarification on the premine, "the 1% premine was spent in faucets long ago from what I heard from a random comment in this sub. I know nothing about it. I've spent almost 1% myself by now in giveaways. The premine doesn't pay for current development."