Transaction

03b446ea2af25f83fb9e2a14b79e1a2b99e2ebbae3af8790a78eb9ec29802c4f
Timestamp (utc)
2024-03-22 00:58:37
Fee Paid
0.00000018 BSV
(
0.00250854 BSV
-
0.00250836 BSV
)
Fee Rate
10.25 sat/KB
Version
1
Confirmations
97,254
Size Stats
1,755 B

2 Outputs

Total Output:
0.00250836 BSV
  • j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckMÞ<div class="post"><div class="quoteheader"><a href="https://bitcointalk.org/index.php?topic=721.msg7783#msg7783">Quote from: gridecon on August 06, 2010, 03:53:24 AM</a></div><div class="quote">I understand that bitcoin's utility as a currency is independent of the method of minting - that is crucial to what I'm trying to express. My claim is that the positive properties of bitcoin's security could be implemented using a different method of minting, and that users will likely gravitate to currencies with whatever they believe are the most fair and efficient minting systems. <br/><br/></div><br/><br/>Go for it.&nbsp; In the meantime, I think that you both miss some fundamental truths.<br/><br/>1)&nbsp; The point of the system is not to 'mint' coins at a high energy cost, but a high computational cost, to protect the system no matter how high Moore's law may go.&nbsp; <br/><br/>2)&nbsp; The award of bitcoins is not 'minting' really anyway, it is an award by lottery for participating in the strenghtening the currency.&nbsp; Those 50 bitcoins already existed from the moment that the rules were conceived and the process set into motion.&nbsp; They are just distrubuted from the original owner in a systematic manner. <br/><br/>&nbsp;The computations are a neccessary part of keeping the system strong and confidence high, and are a small price to pay when compared to the costs that we all incur from the administration of fiat currencies.&nbsp; I think that it was a brilliant idea.</div> text/html
    https://whatsonchain.com/tx/03b446ea2af25f83fb9e2a14b79e1a2b99e2ebbae3af8790a78eb9ec29802c4f