Vericoin:2018

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Name one reason why Vericoin should be a thing

Did you play the Hyperdimension Neptunia games? If you did, you wouldn't be asking that question.

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>Hyperdimension Neptunia games
sorry but i have a gf
lol wat

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>asks question
>gets bullshit images

dual blockchain shit is great on paper. if they succeed this will be beast of 2018.

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So what problem does dual blockchain solve?

You are thinking about the analogy incorrectly.

It is obviously not mining.

The parallel is useful because both crypto mining and gold mining cost money. The cost of mining provides a price floor, this is the relevant aspect.

Golds value is highly inflated past the price of its mere utility btw.

As for 'wasted' energy consumption. Who gives a fuck, man made global warming is a meme and if it isn't you will just have to get used to swimming with Polar bears ;D.

>The work in PoW goes entirely into solving a puzzle that has its whole purpose in making creation of coins costing an effort.

Satoshi was a very smart man.

>crypto mining and gold mining cost money

But crypto mining doesn't produce anything of value. As said, gold has a value because it can be used in many applications.

PoS deals with this issue based on the fact that any computer, even a Raspberry Pi is fast enough to write a block. And since the coin is the only value that exists, PoS uses this exact value to create blocks.

>Satoshi was a very smart man.

Satoshi intended that everyone using the blockchain maintains it. He didn't predict the mining industry. The original Satoshi client still has mining functionality build in but most miners today run dedicated hardware that do nothing but number crunching and sending shares to a pool.

Miners don't have to have any interest in the coin. They are forced to sell the coin on the market to cope with their energy cost. They don't even need to hold any coin they mine.

PoS is more close to Satoshi's intention. It makes sure that the ones maintaining the coin are the same people that also use it. You create blocks by having coins. That makes the coin secure because attacking the blockchain means you attack your own stock. Also gaining significant power over the network requires you to buy huge amounts of coins, which automatically increases the coin price and thus the amount of money you need to invest. That would increase the money needed into the billions. While in PoW you generally can sell the hardware after you ran your attack. As a miner you are not a member of the blockchain, you are a worker who gets hired but doesnt need to have any honest interest in the product.

yes but the cost of mining btc fluctuates with difficulty which may be correlated to the price itself, unlike with gold mining

>Who gives a fuck, man made global warming is a meme

I don't care about global warming here. The energy is still wasted because it does nothing. It creates hashes until you found a number that you then write into the block header.

I actually don't give a fuck if you use the energy saved to play games, watch porn or save the planet.

We need to waste more energy tbq, carbon dioxide helps the crops grow. PoW will save the human race.

>carbon dioxide helps the crops grow
There is more CO2 than all the crops on the planet ever need even if you covered the whole surface with crops.

Yet we still pump carbon dioxide into green houses.

Because green houses are an encapsulated system. The carb concentration will lower over time so they pump them in.
But in the open, crops are carbon neutral. The carbon the plant consumes is put back into the atmosphere by you and the animals who eat the plants. If you eat your bread, you pull out the energy the plant pulled from sunlight and breath out the carbox it consumed. The parts of the plant that you don't have in your bread are eaten by other animals like cows or just microorganism when they compost the plant.

Additional carbon dioxide facilitates increased plant growth. These are facts.

There is more than enoug carbox in our atmosphere for all plants on the planet. These are facts.

Not more than enough, there is enough for the plants that exist now. With more carbon dioxide we will have more plant growth.

There is no shortage of carbox

There is if you want increased plant growth.

To feed the world through increased crop yields. Verium with its PoW mining will solve world hunger and starvation. I can't believe that you would be so heartless as to oppose this.

Yes no