0 Members and 1 Guest are viewing this topic.
Quote from: fuznuts on December 06, 2013, 11:25:38 amhttp://altcoins.com/curecoin.htmlVery interesting. Along the same lines as PrimeCoin. Could #DACs be built as non-profits?? I would assume parallel mining could be done with nearly all of them. These types of things build trust from the outside community, actually help humanity and are basically free PR. Hell I might mine just for these sometimes...but merged mining? It would be incredible to my thinking.All organisms must create more value than they consume or they will die. For a non-profit DAC to be practical it must not consume wealth through mining and must fund its good cause from its profits rather than from its equity other wise it will die.
http://altcoins.com/curecoin.htmlVery interesting. Along the same lines as PrimeCoin. Could #DACs be built as non-profits?? I would assume parallel mining could be done with nearly all of them. These types of things build trust from the outside community, actually help humanity and are basically free PR. Hell I might mine just for these sometimes...but merged mining? It would be incredible to my thinking.
Quote from: guaka on December 15, 2013, 12:51:33 pmI like the idea of a non profit DAC.But it raises some questions: What is profit? Where's the profit in Bitcoin as a DAC?Bitcoin as a DAC is a negative profit enterprise that manages to grow in value despite the huge consumption of resources required to maintain it. The value proposition of crypto-equities is so strong that they grow in value using a business model that would put a centralized company out of business.
I like the idea of a non profit DAC.But it raises some questions: What is profit? Where's the profit in Bitcoin as a DAC?