Recent content by PatrickP92

Yes I have been designing it for the past year. I was just talking to a friend about creating a website yesterday. I have no computer skills so at this point I have to rely on my friends for now. I'm hoping to attract help with this project on BHW. This seems to be the place to find the people I...

By Team Multi-Act As always the best way to explain anything is with a story - and in this case a true story. Forest fires are a major concern in many parts of the U.S., upsetting lumber companies who saw profits burn and individuals who saw the trees ablaze. The Government decided to try and...

And goodluck patching those problems instead actually fixing them xD thats the difference between keynesians and austrians. Keynesians believe the system must be controlled to function. Austrians believe that the system will work if its built correctly, no meddling or tweaking required.

Edit: The Pareto Principle (inflation) that the quantity of the coin will experience, will increase at the same rate as the demand. Technology and geometry will improve, thus requiring more time and energy to make further improvements. So as computer technology advances from using this system...

Dont you understand that those problems that they are designing around are still present? They dont try to fix the problems, they design more complexity to cover it up, Mark my words, those problems will reveal themselves in time. It looks like you patched it up over here but the problem will...

We make better diamonds for cheaper than they can be mined first of all, secondly on that, diamonds are only expensive because they artificially restrict the supply of natural diamonds. The windshields of jets are made from sapphires we grew to enormous size and then cut. Actually a couple days...

When everyone believes in the same illusion, of course it is going to present itself as money. This chart represents a shape in nature called the Pareto Principle and this shape exists everywhere in nature. Go watch the Vsauce video on YouTube called the zipf mystery. This shape is not new, and...

The value of the car is determined by the materials, the value of the information required to assemble said car, and the energy it took to assemble said car. All 3 of these factors go into its overall value. Yes, charging bitcoin to process bitcoin is a premium. You are paying a certain...

First of all the guy paying $6 for some silver that is only worth $3 will not get his other $3 back unless he finds someone else who will buy it for double the melt value. Presumably in the market he would only expect to get half back. No there is no garuntee that he would get his $6 back unless...

This averages out to a shocking 215 kilowatt-hours (KWh) of juice used by miners for each Bitcoin transaction (there are currently about 300,000 transactions per day).Nov 1, 2017 According to the EIA, in 2017, the average annual electricity consumption for a U.S. residential home customer was...

The most valuable thing in the universe is new and useful information. That is how evolution works and improves. this is a constant across all forms of life, big and small. New and useful information is like a golden nugget to evolving life forms. Its how they better adapt to their environment...

This is a project thats been eating at my mind for the last year, I call it the Tecoin. It stands for technology coin. You would mine for it the same way you mine for a bitcoin and they would be desired by big corporations for R&D. Eventually smaller companies will have access to this technology...

Numismatic value just describes sentimental value. This is not a store of value. Things that have use value cannot lose value unless better methods arise or demand rises. Clothes, food, water, and shelter cannot lose value altogether but they can lose value if we produce too much and there is a...

At least pieces of linen cloth have a fire starter use value. What is the use value of a bitcoin? My 1964 quarter has 3 different values. Face value $0.25. Numismatic value around $6 and use value for the silver around $3-$4. That is an object with 3 distinct values. Which one is its true value...

Actually, i thought I was going to have to create this definition for use value when i discovered it was already defined over 150 years ago lol. I thought i was going to have to create this definition to explain this simple truth to the people who dont understand. Giving you a reference just...