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by Kenmoria » Sun Feb 11, 2018 9:01 am
by Araraukar » Mon Feb 12, 2018 5:58 am
Apologies for absences, non-COVID health issues leave me with very little energy at times.Giovenith wrote:And sorry hun, if you were looking for a forum site where nobody argued, you've come to wrong one.
by Imperium Anglorum » Mon Feb 12, 2018 9:13 am
Araraukar wrote:OOC: How exactly is this Social Justice?
by Masurbia » Mon Feb 12, 2018 1:14 pm
Araraukar wrote:OOC: How exactly is this Social Justice?
by Araraukar » Mon Feb 12, 2018 1:24 pm
Masurbia wrote:Araraukar wrote:OOC: How exactly is this Social Justice?
Bananaistan said that if I was going for consumer protection, which I am, then to choose social justice rather than free trade.
Apologies for absences, non-COVID health issues leave me with very little energy at times.Giovenith wrote:And sorry hun, if you were looking for a forum site where nobody argued, you've come to wrong one.
by Masurbia » Mon Feb 12, 2018 1:29 pm
Arotania wrote:OOC:Masurbia wrote:But cryptocurrencies are built on open source code, allowing transparency and the ability for others to build off of it.
Cryptocurrencies themselves are not code.
Just like databases. Or HTML. Or e-mail.
They are structured data that can be interacted with. They are not programs. The programs that interacts with the cryptocurrencies (miners, wallets..) can be built as open source. Everyone can write their own programs to interact with a public cryptocurrency.
Masurbia wrote:Again, would these in store cryptocurrencies be on the blockchain? Or would they have a separate trading system?
They would be on a private blockchain. Same as above. You display severe incomprehension of the topic you are trying to legislate.
Masurbia wrote:Is the supply determined by a central bank?
This again... A central bank could issue their own cryptocurrency, defining its algorithmical parameters, and thereby control its supply.
by Masurbia » Mon Feb 12, 2018 1:31 pm
Araraukar wrote:Masurbia wrote:Bananaistan said that if I was going for consumer protection, which I am, then to choose social justice rather than free trade.
OOC: Keyword: IF. I'm not seeing any consumer protection.
by Dirty Americans » Mon Feb 12, 2018 1:43 pm
Masurbia wrote:Is the supply determined by a central bank?
by Rovikstead » Mon Feb 12, 2018 2:26 pm
The Glorious Third Reign of Templedom wrote:** RED FLAG ** . ** RING CHURCH BELLS ** . ** BESTIALITY ALERT ** . ** CHRISTIANS TAKE COVER **
by Masurbia » Mon Feb 12, 2018 4:50 pm
Rovikstead wrote:OOC: Masurbia, why do you believe that the regulation cryptocurrencies is WA issue? Why can't cryptocurrencies be managed by the individual nations themselves?
by Rovikstead » Mon Feb 12, 2018 5:28 pm
Masurbia wrote:Rovikstead wrote:OOC: Masurbia, why do you believe that the regulation cryptocurrencies is WA issue? Why can't cryptocurrencies be managed by the individual nations themselves?
Well as you said, there are hundreds of nations that just want to watch the world burn and bring down economically stable nations. They are permitted to make as much cryptocurrency as they want and scam individuals with it. This proposal would prevent that.
The Glorious Third Reign of Templedom wrote:** RED FLAG ** . ** RING CHURCH BELLS ** . ** BESTIALITY ALERT ** . ** CHRISTIANS TAKE COVER **
by He Qixin » Mon Feb 12, 2018 10:02 pm
jacknjellify wrote:Watch Battle For Dream Island or be eliminated.
by The First German Order » Tue Feb 13, 2018 7:04 am
He Qixin wrote:OOC: I agree that cryptocurrencies should be recognized by member nations, especially since some member nations don't quite treat cryptocurrencies as real currencies though they are part of them. But I don't believe all member nations use cryptocurrencies, so you might as well look into that.
by Kenmoria » Tue Feb 13, 2018 8:30 am
by Araraukar » Tue Feb 13, 2018 11:05 am
Apologies for absences, non-COVID health issues leave me with very little energy at times.Giovenith wrote:And sorry hun, if you were looking for a forum site where nobody argued, you've come to wrong one.
by The First German Order » Tue Feb 13, 2018 11:45 am
Araraukar wrote:The First German Order wrote:OOC: Most of what you just said makes no sense.
OOC: Part of it is a language issue, they're not native English user, but I think that also affects their understanding of complex issues like this. I'm not native user either, and some of the stuff on this topic goes so far past my scientific knowledge comfort zone that I leave the arguing on those bits to those who seem to be doing a better job.
by Masurbia » Tue Feb 13, 2018 12:59 pm
Rovikstead wrote:Masurbia wrote:Well as you said, there are hundreds of nations that just want to watch the world burn and bring down economically stable nations. They are permitted to make as much cryptocurrency as they want and scam individuals with it. This proposal would prevent that.
1. Could you point to a specific clause(s) that would prevent this kind of corruption?
However, if a form of cryptocurrency were internationally recognized, it would have a universal value in all WA members. This would act as an incentive to scam other nations and illegally reproduce the cryptocurrency.
2. Yes, a nation can abuse a form of cryptocurrency, but if the regulation of cryptocurrency remains a national issue, then only nationally recognized cryptocurrencies would be susceptible to abuse and terrible inflation. But a nation abusing its own cryptocurency would only hurt the currency's value and the nation's economy. These consequences would act as a deterrent to abuse their nationally recognized cryptocurrency.
by Araraukar » Tue Feb 13, 2018 1:15 pm
Apologies for absences, non-COVID health issues leave me with very little energy at times.Giovenith wrote:And sorry hun, if you were looking for a forum site where nobody argued, you've come to wrong one.
by Dirty Americans » Tue Feb 13, 2018 2:52 pm
Araraukar wrote:OOC: So, can anyone explain to me, in simple terms, where the "money" of a cryptocurrency comes from?
by Rovikstead » Tue Feb 13, 2018 3:02 pm
Dirty Americans wrote:Araraukar wrote:OOC: So, can anyone explain to me, in simple terms, where the "money" of a cryptocurrency comes from?
OOC: In simple terms? The money supply of a cryptocurrency is created as more and more people dedicate their computer resources to host the blockchain a process which is oddly enough called "mining." So as more and more distributed servers come on line the supply of the currency increases.
The Glorious Third Reign of Templedom wrote:** RED FLAG ** . ** RING CHURCH BELLS ** . ** BESTIALITY ALERT ** . ** CHRISTIANS TAKE COVER **
by Araraukar » Tue Feb 13, 2018 3:27 pm
Dirty Americans wrote:Araraukar wrote:OOC: So, can anyone explain to me, in simple terms, where the "money" of a cryptocurrency comes from?
OOC: In simple terms? The money supply of a cryptocurrency is created as more and more people dedicate their computer resources to host the blockchain a process which is oddly enough called "mining." So as more and more distributed servers come on line the supply of the currency increases.
Apologies for absences, non-COVID health issues leave me with very little energy at times.Giovenith wrote:And sorry hun, if you were looking for a forum site where nobody argued, you've come to wrong one.
by Kenmoria » Wed Feb 14, 2018 2:46 am
by Bears Armed » Wed Feb 14, 2018 5:34 am
Rovikstead wrote:Dirty Americans wrote:
OOC: In simple terms? The money supply of a cryptocurrency is created as more and more people dedicate their computer resources to host the blockchain a process which is oddly enough called "mining." So as more and more distributed servers come on line the supply of the currency increases.
OOC: So if millions of citizens from WA members that use ICC-recognized cryptocurrency host the blockchain, wouldn't that simply inflate the cryptocurrency and make it virtually worthless? Isn't the sudden influx of people interested in investing in bitcoin the reason why bitcoin became such an infamously worthless currency in the end?
by Araraukar » Wed Feb 14, 2018 5:46 am
Bears Armed wrote:OOC: Seems like it to me. The term 'pyramid scheme' springs to mind...
Apologies for absences, non-COVID health issues leave me with very little energy at times.Giovenith wrote:And sorry hun, if you were looking for a forum site where nobody argued, you've come to wrong one.
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