What is it about crypto-currency that makes it so intriguing? That millions of people will buy, trade and spend something that has no physical value. If we tried this outside of the internet realm it probably would not work so well. What if I took a piece of paper and drew a design on it and told you I would buy your watch with it because it is worth, according to my design, the limited supply and a few other calculations, roughly $300. But your watch is only worth $100. Are you going to give me your watch plus $200 of your hard earned money? No! I don't think so! For this reason, Fiat currency will only hold out until the first doubts start to rise.
[Bitcoin and Alt-coin’s] exist because we support them, we vote for them, we elect them and it is by popularity and our Hope in them that they increase. What happens if one day that support stops, hope stops? What happens when people fully understand that they have invested billions of dollars in something that has no physical value? Will anyone refund your money, your time and dedication that you have put into supporting and strengthening this imaginary investment? If paper money used by countries fail because they have become semi-fiat in only being partially backed by a commodity like Papiermark(Germany), Peso(Argentina), Dollar(Zimbabwe), Sol(Peru), Escudo(Chile) and currency like the U.S dollar that is falling in value and recognition around the world, then what makes us think that a full fiat currency will last forever? I for one don’t think it will. Its new, its exciting, it is fun to be a part of the change, to be on the forefront of the technological super currency. This will fade with time as it loses its novelty. Everything fades with time. It has already started in the alt-coin world. The stale, seemingly motionless rise and fall of the all mighty Bitcoin, when everything is going in Bitcoin's favor and the other Major alt-coins are seemingly only drifting in cyber-space, not making major gains. The junk coin creators can see it. That’s why there are so many new coins coming into the market. A young lion won’t attack the strong and healthy pack leader. It is when that leader becomes old and tired, that all the young lions attack. Is that not what we are seeing? If I am correct BTC was worth over $1,000 per coin at one time, right? Why then are we sitting at just over $500? Is that a shining example of sustainability?
So, if I dislike it so much why in the world would I attempt to join in the madness? Well to be quite honest I like money, as do most of you, I suspect. I also see an ability to take something that could be better and make it great. Because the idea of crypto-currency works, what is missing is something to give it value. Something, so that we know that even if all else fails, we still have something solid in the end. So, with that thought in mind...
I bring you Silvercoin (SIL)
The Silver backed crypto-currency. Each coin has value because every coin is backed by real 1/10 .999 Fine Silver. Every coin has a true stated value. As a crypto-currency it is fluid, you can hold it in a e-wallet, e-vault or paper wallet and just make money as silver increases or you can spend it in an online store or on a game, you can even sell it back for a known value. The other thing about Silvercoin that you are not going to get from all the other alt-coins is a guarantee of return. There is a 10% feed-in from anything sold in the Silvercoin store or made from Silvercoin games. That 10% is evenly dispersed over the previously purchased Silvercoins. You also get 10% from Battle Tokens. The more coins that are bought, the higher we drive the silver market. The higher we drive the silver market the more money you make. When silver prices increase you make money. If the Silvercoin store makes money, you make money. If our betting games make money, you make money, when battle tokens make money, you make money. The dollar amount grows and the amount of silver you have grows,
So stop playing with your imagination. Isn’t it time you got physical?
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SilverCoin
SIL
x-11
POW
No Block Halving
Coins Per Block - .02+
Target Spacing- 3min
Target Time Span- DGW3
Transaction Confirmations- 6
Maturity- 21 blocks
Max SilverCoin- 120,000,000
P2P Port-11060
RPC Port-21060
You have to remember when you look at this, that this isn't comparable to any launch you have read before. This real silver can't be given out at ten thousand ounces every day to be mined. There has to be accountability, that the value of this coin cannot be compromised. So here is how the pre-mine and distribution works
.
120,000,000 coins
113,150,000 pre-mined for step distribution
3,696,720 step mining avail
3,000,000 games and giveaways
153,280 for shipping, depository and fees etc
Coin only distributed for 5 years and mined for 110 years.
year 1 - 10,000 coins per day will be launched, mined award per block is .02
year 2 - 20,000 coins per day will be launched, mined award per block is .04
year 3 - 40,000 coins per day will be launched, mined award per block is .06
year 4 - 80,000 coins per day will be launched, mined award per block is .08
year 5 - 160,000 coins per day will be launched, mined award per block is .10
year 6 - mined award per block is .12
year 7 - mined award per block is .14
year 8 - mined award per block is .16
year 9 - mined award per block is .18
year 10 - mined award per block is .20
year 10-100 - mined award per block is .20
I know I am supposed keep this short, so please see our FAQs/Q&A for more info!
On the website, instead of faucets, we have a variety of games you can play. You enter your name and you add your wallet address into the email section. Just your wallet address! You can play each game once per day.
This is also where we host the SilverCoin store. All prices are listed in (s) SilverCoin. You pick your items, go to your shopping cart and check out. An invoice is sent to you with the payment address for the wallet. As soon as you pay the amount due the order is processed and shipped. Jewelry is shipped from China and takes a couple of weeks and there are no returns to China, so make sure you check sizes on Rings etc before you buy. This is also where you go to buy Silvercoin.
When buying SilverCoin, I ask that you have some understanding with regard to transaction times. It is very foreseeable that we will have many orders to process at the same time. We will process orders as fast as we are able to do so. Make sure that when you buy SilverCoin you put your wallet address in the field above the "Buy Now" button. When you decide to sell SilverCoin back to us - no more jumping through hoops to try to get real money instead of gift card's - we will buy back SilverCoin from you. This does however take a couple days as we do have real silver we have to move to get you paid. Mints are much faster to take your money than to give you your money. This will at least happen in the beginning, since we will likely have some refinement of our processes as we mature. Once a larger reserve is built it should then become a much more streamlined, expedited process.
Feel free to try out the games that are on the website. It should go without saying that anything you win before launch is void and will not be paid out. Some of the prices in the store still have to be adjusted, and more items will be added prior to launch.
To those that are thinking about copying this idea with Silver, Gold, Copper etc. Let me issue a word of caution to you. If you do not know what you are doing when it comes to Buying, Selling and Trading Commodities or Currency in the real world. STOP. This is not a game! you are no longer playing with imaginary coins. This is real, and real consequences come if you make mistakes. You have been warned and I have no pity for you if you try and cannot overcome the known and unknown obstacles that lay before you.
All Bounties will be paid in SilverCoin
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