[ANN] [GLB]Globe – One Currency for One Globe - Polished and Ready for Action - page 38.

atta2k15

sr. member

Activity: 315

Merit: 250

Quote from: bcfanminer on December 28, 2013, 10:05:06 AM

I have updated the balance of reserved BTC to our website:
http://www.globecrypto.com/#where-are-taxes-going-to

Currently they look like this:

Reserved GLB Balance
Monitored by bcfanminer (GLB: 1Hb5woVrbnxdXzsthd9qhVvyND9JX2Vc3j):
1.00

Reserved BTC Balance
(BTC: 1ES5tS9y83iyXQAGrGdcnxLENgKTK6yXEe):
0.06

Superb, good work guys! Cool

bcfanminer

member

Activity: 117

Merit: 10

Quote from: sphere on December 27, 2013, 02:45:06 PM

As a matter of principle I still send a couple Globes your way

.

Just as said before, you don't need to send me GLBs for the domain and host staff.
The domain and simple hosting can be considered as my donation to the GLB community.

If you still want to send some GLB to me, 1 GLB is enough. Cool

bcfanminer

member

Activity: 117

Merit: 10

Quote from: sphere on December 28, 2013, 10:40:28 AM

So guys what do you think about this idea ?

Hey Globe community,

I just came up with an idea that might help completely de-centralize the reserve and price stabilization system. Not sure if this would work in practice but what if we cold-store all the reserves, encrypt the private-keys with a password and send them as a message in the block chain. Would this work? I think the difficult part would be trying to send it into the block-chain and not quite sure how this would be done.

Thanks

I didn't quite understand this idea. Do you mean just send a message with encrypted private-key with a password to some address? then the transaction with the message will be stored into the block chain?
If doing this, you will open your private key to the world. If someone hacks your password, then the reserved money will go along the wind.
And this has nothing to do with de-centralization.

Feel free to correct me.

sphere

full member

Activity: 224

Merit: 100

Quote from: myhoho on December 28, 2013, 11:33:49 AM

Quote from: sphere on December 28, 2013, 10:50:28 AM

Hi, you are correct. My aim is not to build a cryptocurrency that is technically very different because I think Bitcoin itself covers most of that but to make it economically viable for mass use.

So, get up and involve some businesses in your location to show us a real example Wink

.

Yes sir

myhoho

legendary

Activity: 1162

Merit: 1008

Quote from: sphere on December 28, 2013, 10:50:28 AM

Hi, you are correct. My aim is not to build a cryptocurrency that is technically very different because I think Bitcoin itself covers most of that but to make it economically viable for mass use.

So, get up and involve some businesses in your location to show us a real example Wink

.

sphere

full member

Activity: 224

Merit: 100

So guys what do you think about this idea ?

Hey Globe community,

I just came up with an idea that might help completely de-centralize the reserve and price stabilization system. Not sure if this would work in practice but what if we cold-store all the reserves, encrypt the private-keys with a password and send them as a message in the block chain. Would this work? I think the difficult part would be trying to send it into the block-chain and not quite sure how this would be done.

Thanks

sphere

full member

Activity: 224

Merit: 100

Quote from: myhoho on December 28, 2013, 10:43:13 AM

I believe most interested miners here have to find local coworking spaces and try to convince them to play with Globe.
This coin is not innovative on technical side, but it be succesful if it targets businesses directly.

Hi, you are correct. My aim is not to build a cryptocurrency that is technically very different because I think Bitcoin itself covers most of that but to make it economically viable for mass use.

myhoho

legendary

Activity: 1162

Merit: 1008

I believe most interested miners here have to find local coworking spaces and try to convince them to play with Globe.
This coin is not innovative on technical side, but it be succesful if it targets businesses directly.

sphere

full member

Activity: 224

Merit: 100

So guys what do you think about this idea ?

Hey Globe community,

I just came up with an idea that might help completely de-centralize the reserve and price stabilization system. Not sure if this would work in practice but what if we cold-store all the reserves, encrypt the private-keys with a password and send them as a message in the block chain. Would this work? I think the difficult part would be trying to send it into the block-chain and not quite sure how this would be done.

Thanks

sphere

full member

Activity: 224

Merit: 100

Quote from: bcfanminer on December 28, 2013, 10:05:06 AM

I have updated the balance of reserved BTC to our website:
http://www.globecrypto.com/#where-are-taxes-going-to

Currently they look like this:

Reserved GLB Balance
Monitored by bcfanminer (GLB: 1Hb5woVrbnxdXzsthd9qhVvyND9JX2Vc3j):
1.00

Reserved BTC Balance
(BTC: 1ES5tS9y83iyXQAGrGdcnxLENgKTK6yXEe):
0.06

Since we have address confirmed I will send remaning 50% reserves here is a break-down

38550 blocks
-650 GLB ( converted into BTC)
= 37900

So i will send half of this = 18950

Thanks

myhoho

legendary

Activity: 1162

Merit: 1008

No doubt, we need some improvements on managing side. Only 100% transparent management may help it survive. I've invested some bitcoins into this project because of some kind of innovative idea.
that's just a miracle it's still alive. So, let's use this occasion.

Sampey

legendary

Activity: 2632

Merit: 1040

In all honesty, i hope this coin will hit an Exchanger, to sell all and make profit. Grin

I have told some reply back what i think about this coin and the dev strategy. Wink

myhoho

legendary

Activity: 1162

Merit: 1008

Quote from: Sampey on December 28, 2013, 10:12:39 AM

i'm donating 20% of Tax for each block against my will. Isn't enough? Wink

You have huge early adopter premium. Probably it make sense to help coin to roll on.

Sampey

legendary

Activity: 2632

Merit: 1040

i'm donating 20% of Tax for each block against my will. Isn't enough? Wink

myhoho

legendary

Activity: 1162

Merit: 1008

BTW you should note that donations to reserves are welcome.

myhoho

legendary

Activity: 1162

Merit: 1008

Yay, it's silly. But it actually works. I actually think that those coins which have 100+ pages conversation have something inside.

bcfanminer

member

Activity: 117

Merit: 10

Quote from: myhoho on December 28, 2013, 10:05:52 AM

The key to success here is to chat in starting topic so that everybody will see the coin on the first page of alt/currencies board. That's the best advertisement.

GOOD POINT !!!

myhoho

legendary

Activity: 1162

Merit: 1008

The key to success here is to chat in starting topic so that everybody will see the coin on the first page of alt/currencies board. That's the best advertisement.

bcfanminer

member

Activity: 117

Merit: 10

I have updated the balance of reserved BTC to our website:
http://www.globecrypto.com/#where-are-taxes-going-to

Currently they look like this:

Reserved GLB Balance
Monitored by bcfanminer (GLB: 1Hb5woVrbnxdXzsthd9qhVvyND9JX2Vc3j):
1.00

Reserved BTC Balance
(BTC: 1ES5tS9y83iyXQAGrGdcnxLENgKTK6yXEe):
0.06

sphere

full member

Activity: 224

Merit: 100

Quote from: btc24 on December 28, 2013, 08:27:17 AM

Quote from: sphere on December 28, 2013, 08:18:11 AM

Hi guys,

The Bitcoin reserves are held in the following address : 1ES5tS9y83iyXQAGrGdcnxLENgKTK6yXEe

0.06 BTC ? You'd probably should try to fundraise like Visacoin and Mastercoin does...

This will slowly increase as we convert GLB reserves into BTC & LTC . Also how do they fund-raise ?

Topic: [ANN] [GLB]Globe – One Currency for One Globe - Polished and Ready for Action - page 38. (Read 113608 times)