Topic: [ANN][GRE] GreenCoin | On Bittrex now! - page 2. (Read 83663 times)

Boy it pains me to see this happening to this coin it has so much going for it.  If Bittrex drops the coin it might be a blessing in disguise anyway.  It would give some time to get reorganized and build some buying pressure.

If this coin is merged mined, why the need to give have half the block reward to the miners, why not take most of the block reward for the biofuel or solar producers and add PoS to attract investors and secure the block chain?  It appears that most of this mining community does not seem too supportive of environmental concerns and I'm doubtful that paying them generously is moving things forward at this point.

I would even think about doing a complete coin block chain lobotomy and start fresh with a PoS only coin.  Offer to pay out some of the initial coins of the new coin to the holders of the GRE coin at some high ratio and use the rest for the foundation to generate interest with and pay the producers.  Just don't pay out so fast that the price plummets faster than you can say “run for the bank” and all the investors get scared.

I would say this is a key statement...
but there are few completely altruistic carbon purchasers and investors and producers need some faith in price points.

Nice to see you here SamWalters, this coin could use some of your marketing magic.    If the pricing reflected the true global cost/benefits I would think this coin would top bitcoin in value because clean energy can generate all sorts of things from healthy people to happy planet.

Well they want a coin to have 0.2 BTC per day average over 7 days which is 1.4 BTC total right (or does every day need to be above 0.2?). If they take 0.25% fees that only equals 0.0035 BTC per week, or ~$1.25. Certainly if I paid $1300 to get on the exchange I would give them this weekly to stay on it.

Quoting myself

The reason this ( the drop in value ) has happened is partially simplemulti's fault... they made GRE a conversion coin for people mining on other coin-type addresses...

I can now mine ANC @ simple multi... and all the merge mine coins get converted to ANC...  that means they are putting HUGE sell pressure on GRE...

( simplemulti does all their business @ bittrex )

We need to 'convince' Bittrex to keep GRE on other grounds besides trade volume...
This is a sort of thing we can't solve easily...

oddly with the price down around 3 satoshi, and that price is low obviously, but GRE begins to price carbon for close to what it might be "worth." Per kg it prices CO2 at:

3 satoshi * 1e-8 (BTC/satoshi) * 31,262.22 GRE per kg CO2 * 352 $/BTC = $0.33 per kg CO2

This is equivalent to $2.97 per gallon of gas or $0.36 per kWh produced purely by coal. That is, if you wanted to offset the carbon of utilizing these sources, that would be the cost of the carbon. Obviously GRE is an open market system, so it doesn't require a gov't agency to step in and force a coal company to buy the coins. Instead, it rewards the solar producer or the biofuel producer for offsetting carbon difference with a payment in newly minted GRE, for free. The demand comes from environmentally conscious carbon buyers who want to hold GRE (CO2) for purposes of creating a better world (and doing so with an asset that can change in value, and if it goes up, make a return). If a biofuel producer can receive GRE at the source for producing the biofuel and sell it at parity with gas or diesel at the pump (say $2.50), then they essentially make $5.47 in revenue per gallon. This is how we think we solve the global carbon problem - by adding a social value to the carbon offset for renewable producers. In turn, more producer come on board to receive a piece of the GRE distribution, furthering carbon reduction.

In a global sense, anthropogenic emissions total 35 Gigatonnes, or 35,000 billion kg of CO2. That's a big number, but what does it mean? Well the GDP last year was ~$85 trillion, or $85,000 billion. At $0.33 per kg CO2, 35 GT of emissions = $11.6 trillion or 13.6% of the GDP. The question becomes, is this the price of carbon? The market decides ultimately, but if carbon affects the GDP more than this figure (in terms of net negative climate change affecting productivity) than carbon needs to be more expensive, if it is less than the price should be cheaper.

Another way to look at this number is dividing carbon output by the GDP which equals 0.41 kg CO2 to produce $1 in GDP (equal to 13.6 cents per $1). The mechanism with which GreenCoin has been designed to work is to lower the kg CO2 per $1 in GDP by affecting BOTH sides of this equation: decreasing the carbon output (by incentivizing renewables with free coins) and increasing productivity (GreenCoin does not punish coal and gas like gov't cap and trade and carbon taxes do) instead of hurting it. GreenCoin = LESS carbon and MORE productivity.

Let's consider distributing carbon over the entire global population. There's 7.2 billion folks on the planet so if the mean emission per capita is 4,861 kg CO2 per year, or 13.3 kg per day. Americans produce about 17 tonnes per capita per year, and there is disparate carbon production around the world for sure, so I put that in as well:

Region	kg CO2 per year	kg CO2 per day	GRE per day	USD per day
Global	4,861	13.32	416,000	$4.40
United States	17,000	46.58	1,456,000	$15.38

The world can offset their carbon for $4.40 per day per person, on average, at the current price. Adjusted for actual output, US residents would need to invest $15.38 per day or $5,612 annual each at the current $0.33 per kg of CO2 price of carbon to offset their carbon output with the commensurate productivity outlay.

it would be also better to raise some trades there 

It would be helpful if folks could email Bittrex and let them know you support GreenCoin and want it to remain active.

check out the FAQ here. I can get into a lot more detail if you have any specific questions.

How can you solve green problems?

This happens on Bittrex from time it time.  It seems to be helpful to keep things flowing; volume is important.  There's a couple other coins I'm interested in purchase right now but I'll try to add some more GRE too; seems like a good time to buy but I don't have a magic crystal ball.

Delisting might happen on Bittrex:

"This market is in danger of de-listing due to low trade volume and lack of user interest. It may be removed on December 19th unless the average daily trade volume for the last 7 days exceeds 0.2 BTC."

Mine @ simplemulti... make sure your payout is set to a greencoin address... this is WHERE they buy and sell the GRE...

If we mine, the volume will increase...

Or go buy and sell some...

What one man can do another man can do.  Bitcoin holds no monopoly on block chains and I think eventually people might figure this one out; it doesn't seem like it would take a rocket scientist.    

May all beings be free from suffering and have just enough success for extreme happiness but not so much that it binds them up by the curse of opulence so badly as to require them to spend their days in gated communities far from their relatives and other unscrupulous people.  Brew ha ha ha...  

I appreciate your generous donation for PoB and I'll keep it until clean abundant energy becomes the norm, or I get bored, cold or broke – every buyer needs a seller right?

I'm feeling a bit disappointed that no one else wanted to ride with us.  But no worries, I'm not sure I'd want to ride with myself based on my rather odd sense of humor and generally eclectic nature.  Maybe next time someone else will start up a ride.

I was just going back through really old BCT forum posts for fun. Stuff like this is amazing:

https://bitcointalksearch.org/topic/m.118

https://blockchain.info/address/1BHtsCnpmTvpgJEP7eMKEVhpJFunxSM8vq

Attention Pools: Please check to make sure you are getting your full 1000 coin reward for each block. You may be burning coins. Any pool that came back online recently (in the past couple of days) it is especially probable.

I did a week of riding for GreenCoin and made a video with some highlights.  It was great to be out riding my bike for coins.  I hope you enjoy the video. http://youtu.be/g15nUDSJS4Y

Just wanted to remind everyone you can mine at http://www.simplemulti.com/ and use a GRE address as your username.... they merge mine a lot of different scrypt coins at the same time and will convert all to GRE automatically...  they do this at Bittrex... This will keep buying pressure and volume on GRE up.... @ Bittrex...

This is a good thing...

I like the idea of a custom minted coin: http://custom.nwtmint.com/process_coinideas.php

would like to see a wooden one

Are you thinking of doing 3D printed design?  I made a 3D printed coin on Shapeways you can see here: https://www.shapeways.com/model/1163350/rwbb-coin.html?materialId=26  I would change it to have more rounded contours if I did it again and maybe make it larger.

The initial design for the GreenCoin would be fun to do in full color sandstone with the leaf raised up and maybe with some veins showing in it.  Sandstone is very light and fragile though.  Brass or polished silver would be better for a coin, but too pricey for me.    They have all kinds of other materials too.

Thinking about making a GreenCoin physical coin. Thoughts on what it should say / what it should look like?

There even was an other Greencoin before if I am not mistaken.

The price is quite stable at 10satoshis