Have you talked with any banks in Kenya to discuss 'costs' etc?
This forum is filled with people promising to do this or that to boost a coin, then the coin goes up and the dev disappears after the premine is sold.
Topic: [ANN] [SH]Shilling-The Digital Currency Tailored in Africa for Africa - page 12. (Read 39845 times)
June 18, 2017, 12:41:29 PM
June 18, 2017, 12:20:59 PM
One big issue with remittances to poorer countries is volatility. On the way up, some people get surprised with a little extra money, but when markets are dropping, if you send a certain amount of fiat, vi crypto, to help pay some bill and the price of that crypto plummets, there will be a problem.
One possibility might be to use transactions within one coin as a sort of clearinghouse for remittances at a guaranteed rate.
For example Remittance company X, or the dev, or whoever, agree to buy back any currency bought by them, as long as the seller's coins are only two steps from the buyer.
So the Remittance company sells 20 coins to person A, Person A sends them to person B, Person B sends them back to the Remittance company and the Remittance company checks the blockchain and sees those coins were sold for price x, and so is committed to pay price x to Person B.
Some way to compensate for people selling outside the circle when prices rise would have to be figured out.
so far its the best workable theory. any ideas around it? One possibility might be to use transactions within one coin as a sort of clearinghouse for remittances at a guaranteed rate.
For example Remittance company X, or the dev, or whoever, agree to buy back any currency bought by them, as long as the seller's coins are only two steps from the buyer.
So the Remittance company sells 20 coins to person A, Person A sends them to person B, Person B sends them back to the Remittance company and the Remittance company checks the blockchain and sees those coins were sold for price x, and so is committed to pay price x to Person B.
Some way to compensate for people selling outside the circle when prices rise would have to be figured out.
June 18, 2017, 11:24:10 AM
https://localbitcoins.com/faq
Quote
AML and KYC
Anti Money Laundering and Know Your Customer is a group of laws in the United States that require Bitcoin sellers to know who their customers are. Certain sellers will ask for your identification to comply with these laws. Other countries around the world may have similar laws and requirements.
Finland, where localbitcoins is located, is a fairly democratic country https://en.wikipedia.org/wiki/Democracy_Index but localbitcoins would not have lasted long in most countries, and you can expect them to be targeted soon by various larger countries meaning to make a statement about aml laws.
If you are physically in Kenya you might try meeting with a government person and offering them a cut of profits in exchange for non interference, but otherwise that kind of exchange would be difficult. For the U.S. side of such a business the payoffs would be much more expensive and have to be funneled through lawyers.
June 18, 2017, 11:07:16 AM
creating an exchange entirely controlled by the people...
What do you mean? Sounds a little bit bullshitty...
June 18, 2017, 10:45:30 AM
creating an exchange entirely controlled by the people...
What do you mean? Sounds a little bit bullshitty...
June 17, 2017, 10:25:12 AM
creating an exchange entirely controlled by the people but using Escrow with a reputation and feedback mechanism for regulation.
June 16, 2017, 09:21:19 PM
... But the introduction of third parties only risk drugging the remittance revolution to its current state. What if we introduce an instance exchange option to willing clients?
Instant exchange has to involve both the fiat of the sender's country and the fiat of the receiver's company, and would involve aml laws and registering as a money broker etc. A few big entrepreneurs who were completely honest and above board got attacked by various governments on the grounds of not having created adequate paper when they formed their company.
June 16, 2017, 06:55:36 AM
One big issue with remittances to poorer countries is volatility. On the way up, some people get surprised with a little extra money, but when markets are dropping, if you send a certain amount of fiat, vi crypto, to help pay some bill and the price of that crypto plummets, there will be a problem.
One possibility might be to use transactions within one coin as a sort of clearinghouse for remittances at a guaranteed rate.
For example Remittance company X, or the dev, or whoever, agree to buy back any currency bought by them, as long as the seller's coins are only two steps from the buyer.
So the Remittance company sells 20 coins to person A, Person A sends them to person B, Person B sends them back to the Remittance company and the Remittance company checks the blockchain and sees those coins were sold for price x, and so is committed to pay price x to Person B.
Some way to compensate for people selling outside the circle when prices rise would have to be figured out.
One possibility might be to use transactions within one coin as a sort of clearinghouse for remittances at a guaranteed rate.
For example Remittance company X, or the dev, or whoever, agree to buy back any currency bought by them, as long as the seller's coins are only two steps from the buyer.
So the Remittance company sells 20 coins to person A, Person A sends them to person B, Person B sends them back to the Remittance company and the Remittance company checks the blockchain and sees those coins were sold for price x, and so is committed to pay price x to Person B.
Some way to compensate for people selling outside the circle when prices rise would have to be figured out.
mmmmmh! quite a good theory and so true mostly the volatility part, people love it when its an up trend but the down trend always puts even major players in the crypto market at a bitter taste. But the introduction of third parties only risk drugging the remittance revolution to its current state. What if we introduce an instance exchange option to willing clients?
June 15, 2017, 08:04:14 PM
One big issue with remittances to poorer countries is volatility. On the way up, some people get surprised with a little extra money, but when markets are dropping, if you send a certain amount of fiat, vi crypto, to help pay some bill and the price of that crypto plummets, there will be a problem.
One possibility might be to use transactions within one coin as a sort of clearinghouse for remittances at a guaranteed rate.
For example Remittance company X, or the dev, or whoever, agree to buy back any currency bought by them, as long as the seller's coins are only two steps from the buyer.
So the Remittance company sells 20 coins to person A, Person A sends them to person B, Person B sends them back to the Remittance company and the Remittance company checks the blockchain and sees those coins were sold for price x, and so is committed to pay price x to Person B.
Some way to compensate for people selling outside the circle when prices rise would have to be figured out.
One possibility might be to use transactions within one coin as a sort of clearinghouse for remittances at a guaranteed rate.
For example Remittance company X, or the dev, or whoever, agree to buy back any currency bought by them, as long as the seller's coins are only two steps from the buyer.
So the Remittance company sells 20 coins to person A, Person A sends them to person B, Person B sends them back to the Remittance company and the Remittance company checks the blockchain and sees those coins were sold for price x, and so is committed to pay price x to Person B.
Some way to compensate for people selling outside the circle when prices rise would have to be figured out.
June 02, 2017, 09:17:09 AM
Good wallet! Run long time without problem.
Good job dev!
Good job dev!
June 15, 2017, 06:12:59 PM
June 06, 2017, 10:19:14 PM
Any altcoin can be used for remittances, and many coins focus on that now. But to cater to Africa specifically a coin should have some features that make it more amenable to that area, maybe copy some features from Pascal and Humaniq. Adding biometrics to coins in place of regular private key generation is a rough sell in the West, biblical issues, apocolypsis etc, but in less developed countries it is a short term solution.
The Dev is located in Africa and that is one of the reasons to use it there. He was attempted to get a few ATMs in Kenya to try out. When it comes to biometrics, I don't think that is ideal till the tech is further along and adoption rate is higher. Mobile phone money such as mpesa used by VodaPhone in Africa is a great example how they have already adopted a form of digital transactions. Now to move it to crypto. Getting some more good mobile wallets would be good... Getting shilling onto Coinomi...
For remittances to East Africa.. I use World Remit. Fees are still high.. but lower than Western Union and easy to send from Phone App to mPesa on a cell. How should we setup Digital Shilling to have this happen?
May 24, 2017, 12:55:30 PM
yavwa: Have you gotten any further on the remittance idea? Would love to see the shilling being used this way in Africa. Do you have a concept that we could work on? I'd would like to test out some ideas sending from North America to East Africa.
Any altcoin can be used for remittances, and many coins focus on that now. But to cater to Africa specifically a coin should have some features that make it more amenable to that area, maybe copy some features from Pascal and Humaniq. Adding biometrics to coins in place of regular private key generation is a rough sell in the West, biblical issues, apocolypsis etc, but in less developed countries it is a short term solution.
May 10, 2017, 05:53:37 PM
yavwa: Have you gotten any further on the remittance idea? Would love to see the shilling being used this way in Africa. Do you have a concept that we could work on? I'd would like to test out some ideas sending from North America to East Africa.
May 01, 2017, 12:13:20 PM
Dear Shilling Coin Community,
Your Coin Has achieved the 8th place among other 50 Coins with (226 Votes) in our public votes with your great efforts, now its nominated to our official private members Election to choose the next coin to pump after 11 days
You can support you coin by participating in our private elections among another 3700 members from here
Private Elections https://goo.gl/d6vk2d
sincerely
PumpMyCoin Team
We Pump But Never Dump
www.PumpMycoin.com
Your Coin Has achieved the 8th place among other 50 Coins with (226 Votes) in our public votes with your great efforts, now its nominated to our official private members Election to choose the next coin to pump after 11 days
You can support you coin by participating in our private elections among another 3700 members from here
Private Elections https://goo.gl/d6vk2d
sincerely
PumpMyCoin Team
We Pump But Never Dump
www.PumpMycoin.com
April 27, 2017, 01:34:23 PM
Don't know who you are but thanks for the call... I haven't abandoned Shilling though. Just working behind the curtains.
April 23, 2017, 01:56:16 PM
Extra node and stats page added for Shilling... http://sh.cryptocronic.com/stats/
April 17, 2017, 07:09:54 AM
There is a website for the coin: http://digitalshilling.org/
April 16, 2017, 11:20:55 PM
yavwa plans to come out with a new wallet? More friendly to scans.
You releasing a website for the coin?
You releasing a website for the coin?
April 10, 2017, 02:45:03 PM
Very good.! We have 30 years for mineing 
I keep buying
I keep buying Jump to: