Many are asking me what the long term plan is for LanaCoin.
So here are some insights into why it was created.
Firstly the coin was created as a birthday present for my daughter
Established cryptocoins are already quite valuable therefore cant be considered as something to play around with as it can be a costly thing, specially if you loose you private key, wallet.dat gets corrupted. hard drive dies or any other non desired event that leads to loss of coins/private key.
To bring cryptocurrencies to the average Joes and Janes, teens or elders they first must learn the fundamental rules of holding, trading, sending and recieving coins/token along with basics like backing up your wallet files, encrypting the wallet and all other aspects that come with cryptocurrencies and coin wallets in general.
Here is where for example LanaCoin comes in. A young at the moments almost "worthless" cryptocurrency with a huge supply of tokens that at first has no meaninigfull purpouse.
But hey at this very sentance this just changed as it has a purpouse and for the time being its a cryptocurrency that anyone in the world can use to get familiar with the technology itself before you are ready to deal with the father Bitcoin or his established kids and grandkids the altcoins.
All that being said, this will be one of the core purpouses of LanaCoin. Education, experimentation and an overall learning curve for the people that are right now terrified of the core idea of buying,storing and sending their first (example Bitcoins).
For that purpouse i will give away most of the coins i have mined up to date and no i am nowhere near being the no.1 miner of LanaCoin.
I will give away LANAs to anyone that can understand, share and accept what my point is here. Only thing i expect in return is a promise that the reciever will use those coins to educated friends, family and acquaintances about cryptocurrencies so they can also learn what you have already conquered.
One think i know for shure and i will quote John McAfee from his interview on RT to finish my post:
"Cryptocurrency is coming i promise you, it may not be Bitcoin it may be something else but it is coming. Its like the pandoras box that has been opened. You will never get that idea back into the box."
So here are some insights into why it was created.
Firstly the coin was created as a birthday present for my daughter
Established cryptocoins are already quite valuable therefore cant be considered as something to play around with as it can be a costly thing, specially if you loose you private key, wallet.dat gets corrupted. hard drive dies or any other non desired event that leads to loss of coins/private key.
To bring cryptocurrencies to the average Joes and Janes, teens or elders they first must learn the fundamental rules of holding, trading, sending and recieving coins/token along with basics like backing up your wallet files, encrypting the wallet and all other aspects that come with cryptocurrencies and coin wallets in general.
Here is where for example LanaCoin comes in. A young at the moments almost "worthless" cryptocurrency with a huge supply of tokens that at first has no meaninigfull purpouse.
But hey at this very sentance this just changed as it has a purpouse and for the time being its a cryptocurrency that anyone in the world can use to get familiar with the technology itself before you are ready to deal with the father Bitcoin or his established kids and grandkids the altcoins.
All that being said, this will be one of the core purpouses of LanaCoin. Education, experimentation and an overall learning curve for the people that are right now terrified of the core idea of buying,storing and sending their first (example Bitcoins).
For that purpouse i will give away most of the coins i have mined up to date and no i am nowhere near being the no.1 miner of LanaCoin.
I will give away LANAs to anyone that can understand, share and accept what my point is here. Only thing i expect in return is a promise that the reciever will use those coins to educated friends, family and acquaintances about cryptocurrencies so they can also learn what you have already conquered.
One think i know for shure and i will quote John McAfee from his interview on RT to finish my post:
"Cryptocurrency is coming i promise you, it may not be Bitcoin it may be something else but it is coming. Its like the pandoras box that has been opened. You will never get that idea back into the box."
Thanks for your explanation. I keep staking my lanacoin in wallet, dunno what to do in future, but if the price of lanacoin become 1,000 satoshi in future I'm sure I will be a millionaire. Lol...
By the way, the tx is pretty fast. Anytime I send some amount to my wallet, it will appear within seconds. I love this coin, at least 1,000 coins are generated everyday in my staking wallet, sometimes even 5,000. It's amazing.
