Can someone from the team explain how will real-world mining actually work?
Yes.. to really get all the details you need to download the Philosophy Paper,
www.ReMoneta.com. But basically it goes like this:
Normal mining uses a lot of electricity (bad for the environment) and it favours people with a lot of money to buy big computers. That's not fair and not good.
We want a system which is fair for all, doesn't matter how much money you have, how big a computer and which not only gives a financial reward, but also does some good for the world.
So, to do the mining you take real world actions, like promoting the values which our community shares (environment, human health, clean energy, animal welfare, global unity) and promoting the community (bringing new retailers, members, supporting other community members...). These actions you post in the system we are developing for that and you are rewarded according to the value to the community, decided by the community.
For anyone interested in some more info, have a look at Medium.com/ReMoneta - we have a whole series of articles there about ReMoneta, the financial system, how things work differently and what is possible. Each week another few articles go online.
Can you please name few key features that will separate ReMoneta from other similar payments system,some features that will give you an advantage over competition?
Yes. Zero cost (paypal, BTC, ETH... all have some fees somewhere), micropayments (completely new industry), instant and high number of transactions, complete stability of pricing, follow-the-money security, no cost to transfer between users, linking crypto to commerce... with a bit more detail below
- combining all the features below, we bring Crypto to the mainstream
- completely stable pricing, avoids falling values in crypto and fiat (dollar/Euro/Pound)
- allows micropayments opening up a new industry (imagine 0.1c/s for streaming video or 0.2c for buying a gem on games) with faster throughput than other systems
- ReMoneta companies are backed by land, as far as we know the only currency that exists like this (fiat or crypto) and certainly no major ones
- zero transaction costs, zero joining costs, zero fees, no costs at all - a totally frictionless hub connecting Crypto with Commerce
- near-instant transactions and a huge scaling of transactions for micropayments using time-sliced consolidation
- no need to rely on speculation and price rises - very large concrete earnings possible through community mining which uses no computing power or electricity so it is equal for everyone and fair
- community members are rewarded by promoting real world values (environment, human health, clean energy, animal welfare, global unity) and the ReMoneta community
- retailers are rewarded for joining the network and according to the number of transactions they make
..see our Philosophy paper on
www.ReMoneta.com and our channel t.me/ReMoneta or t.me/ReMonetaChannel
. The operating company is in the European Union - Estonia. Estonia is well known for IT and new technologies and the system is quite flexible. We have done a full in-depth legal analysis with the no.1 legal company in the region, Sorainan, who I have worked with for years, so legally everything is as sure as it can be in this market (which is changing every week).
