Primecoin: The Cryptocurrency Whose Mining is Useful

Re:Primecoin: The Cryptocurrency Whose Mining is Useful by signalnine on Tuesday July 09, 2013 @03:08AM (#6011495)

This more or less addresses all of the major complaints I have about Bitcoin; you know, minus the whole insane deflationary spiral which arguably is also its' main feature.

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Re:Primecoin: The Cryptocurrency Whose Mining is Useful by icebraining on Tuesday July 09, 2013 @06:11AM (#6011902)

Pretty sure the "spiral" part is not lauded as a feature. Or accepted as an inevitable outcome, for that matter.

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Re:Primecoin: The Cryptocurrency Whose Mining is Useful by Nursie on Tuesday July 09, 2013 @06:27AM (#6011953)

I'm not sure about the spiral, but the deflation aspect is definitely part of the plan.

Those most in love with BTC seem basically to just want to sit on something and get richer, because anything else is the government/other people/moochers stealing their money through inflation.

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Re:Primecoin: The Cryptocurrency Whose Mining is Useful by maxerickson on Tuesday July 09, 2013 @07:21AM (#6012093)

It depends on who you are listening to. There are certainly enthusiasts chanting BTC 10,000 (or more).

That's at least close to deserving the label spiral (the devaluing of the dollar over history has been something like a factor of 30 (depending on your dates), a factor of 100 is pretty impressive compared to that).

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