Topic: [ANN] Infinitecoin - IFC | V1.8 Released! *Mandatory Upgrade, upgrade ASAP* - page 46. (Read 199671 times)

ok no probs i just haven't seen to much development yet maybe the dev should contact me 

Oh, I'm sure I read from the developer that if you had any ideas it was cool to post them here. I am posting here because most of the community (as far as I know) is here. The developer also seems interested in the idea and so it would make sense to post here?

can we ether move this to a new topic and call it IFC development or start a topic on altcointalk ?

( we are going of topic on the ann thread )

There would be no loans offered, it would simply be a vault that offers interest. There would be no fiat involved so I see no reason it would come under any laws at present. Of course the laws could change. And also it is all dependent on where in the world the project is set up. For instance Germany declared cryptos are exempt from tax etc.

EDIT: Also worth note is the project would be a relatively short term one. Probably only lasting 6 months to a year. Once you had run out of capital you could no longer offer the service. But by then I could see rises of over a 1000% and the coins distributed much better.

The problems with savings loans and banks even escrow is the law and being centralised would mean that it could be shut down very easily

Well yes it would potentially spread out the coins more, and maybe even make them value them more. It would be worth a go. But vs clearing a potential 20 billion of the boards, I don't think it would have anywhere near the same effect. Imagine if we could gather 2 billion for interest and that would clear 40% of the coins that will ever be created. It would create rarity as well as generating ad revenue which in turn would create demand (assuming you put the ad revenue to purchasing more coins to offer more potential saving. Eventually though you would reach critical mass.

it will help spread out the coins more and make people work for the coins and hopefully that makes them value them more

Of course that is not a bad way to promote your site and it is of course your coins, but my first thought is that it doesn't exactly do anything for the coin itself. In fact I think those coins would eventually just find their way back on an exchange again.

But again it is your call etc, I'm sure it would work to increase traffic on your site.

what I would like to do with the IFC I have

I will be closing some of my IFC giveaways as the IFC I am giving away is just being dumped on cryptsy

I am thinking about  paying out IFC to people that post useful topics and posts on my forum

It would have to have minimum requirements maybe

Topics 20 lines of text and a minimum of 10 posts on the topic by other users 

Posts 5 lines of text and has to be related to the topic


That way it would support my forum share out the IFC and help keep posts on topic 


i have a few other ideas as well just wondering what you guys think 

i will post a link here to the topic on my forum about this post ( guests can post on the forum )

So just done a little maths as an example...

So I am putting in 20 million. And lets say the interest rate is 5% for like a 3 month contract? Or a month whatever...

So someone deposits 1 million IFC, and holds it the specified time to receive the 5%. He would then receive 50,000 extra coins...

Now my 20 million would allow for 400 million worth of savers money under those conditions. So with the timescale you would want to work out how long you want the amount to be out of circulation, and what would make it worthwhile for the saver. I don't know where that balance would be and hopefully someone can help out with that?

Oh and under those conditions 1 billion in the pot would allow for 20 billion worth of savers money! That I feel would make quite a dent! And think also that the major holders would also not have their funds on the exchanges either, if they are in it for the long haul...

And say lets take zackclark as an example. Lets say he puts up 1 billion of his 5 billion. He would need the price of IFC to rise by merely 20% to have the equivalent holdings!

If my maths is right, please check! lol

I was wondering when and if you would take notice.  

So what do you think? I'm not sure on the rewards side of it, like how much of a percentage you could offer, but I would think it would go up on a scale, maybe even weekly instead of monthly? And of course you would have to have a cut off point depending on the size of the interest pot, so to speak.

I would even be willing to put 20 million into the pot. So maybe someone could do some maths on like how much you would need in a pot to offer a decent enough incentive for people to save.?

Just had an ace idea, (well I think so lol)... Imagine having a ticker for the clients balance, displaying their interest building in real time! Like with the countdown on infinitecoin.net. I think this would give an incentive for the clients to visit the site and watch the balance. Which would create more hits, which would generate more ad revenue. You could obviously advertise crypto related stuff. Due to the size of the number I think it would look really nice ticking along! Hopefully you get me.

Oh and the ad revenue would go to pay for the site and if any is left over it can go back to the shareholders/donators or maybe just used to purchase IFC's to increase the pot and create demand.

I really hope someone with the relevant skills is reading and giving it some thought.

interesting ...

Cool, I will go check that out!

Edit: Okay I had a look and it seems to me that it is more your typical bank. They are loaning out the coins you deposit and that isn't something I would touch personally. And not really what I had in mind. Really the kind of bank I would be talking about would be non profit. The only benefit investors in the bank would get would be having the price rise. Or perhaps you could monetise the site with adverts. But the client funds would not be touched. Too risky in my opinion.

So you don't actually talk here anymore? Just poach? Lol... Really can't be bothered joining yet another board to be honest. Anyway it's all good.

interesting website, service is  bitcoin based:

https://www.coinlenders.com/

https://bitcointalksearch.org/topic/closed-coinlenders-159359

Bitcoin Forum > Economy > Marketplace > Lending > CoinLenders :: Get bitcoin loans, and earn interest on your deposits!

good, need to go there and post there

I you guys are interested I will be starting a board on my forum ( www.altcointalk.co.uk ) dedicated to the future of IFC and ways to get it used more  


Edit here is a link to the new IFC board>http://www.altcointalk.co.uk/index.php/board,30.0.html

Hmmmm perhaps you could take some of your own advice? I really fail to see what you are adding to the conversation here???

Do you not see the ALT and F4 keys ? .. oh.. yup... there ya go.. thats it.. Now press enter...

Thank you.

Anyone else want a trip to Sleepy Funtime Fiatland ??

HT xD

LOL This would not be a typical bank, I mean it couldn't be for starters as we can not just create coins out of thin air. And to be honest the idea would be a temporary measure for say 6 months or something just to try and breath some life into the coin and to stave off all the dumping that is going on.

It most certainly would not be a big dirty bank as we know it and it would not lend any money nor take peoples money and invest it into things like arms or what not. It would simply be a vault where funds are kept and the holders would be rewarded as an incentive to continue holding.

EDIT: Perhaps under the terms you could have a maximum withdrawal too? So that when and if the price does increase you would not have a huge withdrawal and dump, more a steady stream of supply? These are just ideas and hey add to them or pick at them, you never know, you might like it?