Topic: [ANN][HOC] ★ HouseofCoins | Community | Business | Power - page 29. (Read 46600 times)

I haven't invested in this yet the main reason is that the house will likely end up as a collection of people who have simply invested btc. What the house needs to have in order to be effective is to have a number skilled people, business people, programmers, developers etc - Would it be possible to allocate a few seats as 'to be decided' in order to invite skilled people to join at a later date, people who would be an asset to the project - these people would be relevant to the business path the house decides to follow.?

I asked two people today to do escrow for me, but they haven't replied back. If you can suggest someone that would be great. Someone everyone can agree to trust.
I asked Anon136(https://bitcointalksearch.org/topic/anon136s-reputation-thread-381041) if he can do escrow today. I'm waiting for a decision(he is probably busy).

That's a good overall assessment.

Everyone buys-in(a house seat). The funds are collected and put into a house fund. This fund can only be used if the majority of the house votes to access it. The more you invest the more coins you will get. The more coins you have the more voting power you have(with a maximum rule of 10%).

In the hypothetical assumption that the house decides to buy a "KNC ASIC Miner" shares will be allocated based on coin ownership. So the more coins you have the more profits from the "asic miner" you will get. This also transfers over to a hypothetical business venture. The more coins you have the more profits from that venture you will receive. This system incentivises the more active users. Active users will rise to the top and have more clout/power on how the houses' "funds" will be used.

Whenever there are decisions to be made. A house member will create a poll and get preliminary feedback on the raised proposition. If it goes to the final vote "house of polls" and it's not unanimous, a [HOC] address will need to be present along with a vote. Now an accurate vote count can be calculated(using a block-explorer to prove coin ownership percentages).

So who is the escrow I need to make the payment to?

So in a way, this is kinda like a private multipool run by the majority of the poeple who participate. The people with the bigger number is their wallets gets more voting power. So this is kinda like a POS, but more productive way right? Those who hoose to sell their HOC reduces their voting power? Or am I reading it wrong here? The wallet address would be scanned for each poll?

Added to the https://www.altcoincalendar.info/calendar

Is this not the best calendar for alts around? The admin is running a great site over there.

That's a perfectly legitimate question. The answer is you can't trust me. I have to earn your trust. That is why im starting small. I think it's pretty obvious that I didn't go through all this work of launching this coin just to steal everyone's money. There is a pattern at play to most of the scammers on here(edgecoin-stackcoin). They promise you pie in the sky wallets and dreams of fantasy technical achievements, and many fall for it because they want it to be true badly enough. I said before If everyone wants there money back refunds will be provided.

The key to success is to have a plan and never give up. If you dont give up people will eventually come around and see you are not going away. Also funding, you cant do much without funding. In this system funding is provided up front and the best minds/ideals in the group get to use the funding to provide profits back to the entire group. I'm just trying to recruit fellow investors who are just like me(interested in the asic miners). This could be a great way to bring together investors and get projects completed that would otherwise fail from lack of funding. Investors usually think alike and investment clubs are very popular, why not online? An investor can start with only $100, they need not be wealthy if we combine resource to obtain a common goal.

The asic share allocation can be tracked by the very coin foundation it is built upon. This part is very safe and transparent, if done how I envision. These things haven't really been done before. A lot will need to be invented. We are working on new crypto business/investment mesh nets and no one knows how to mold them perfectly.

When we create something that works everyone else will want in. If you get in early and plant your stake, you gains are potentially much higher than jumping on later when everyone else does(hype train). Nobody ever wants in early(few have foresight to see potential before it is achieved). I'm not saying this project will be a success, but the underlining ideals will live on in one form or another and evolve.

I'm not sure if that answered your question, but that is what was on my mind.

Intriguing concept, will be following and mining.

The Mini Titan. Not as economical as the larger version, but a possibility if $10,000 is under raised(House decides). (150mh)

https://www.kncminer.com/products/mini-titan

Windows wallet is compiled.



Windows Wallet Download
https://mega.co.nz/#!BFkRUAhK!FQ-KZkEyGlep032kPccG1GgMQxjtMHJ4Te-rGhW3RXE

I'm getting ready to calculate all of the seats from emails. I'm still aiming for the "Knc Titan".

I still think it's a great opportunity if we can order and get it by q2-q3 of this year(estimated knc shipping quotes).

Anyone keeping up on asic prices/market?
https://docs.google.com/spreadsheet/ccc?key=0AlhSF602y9DSdHRneWVZcjJLWmhjaVBMTHVCR3l4eHc&usp=drive_web#gid=0

You can now get "Gridseed ASIC Miners" for around $100 each. http://www.gawminers.com/25-gridseed-asic-miner-wholesale-102-95-ea/
note* im still not sold on these and look to see them sub $50

The KNC Titan is now saying  "Minimum 300/MH/s of performance from a 28nm chip" [800 to 1000 watts]
https://www.kncminer.com/products/titan


If KnC Sells out their 2500 units @ 300 mh/s = 750,000 mhs. What would the difficulty be?
http://www.reddit.com/r/litecoinmining/comments/23inmz/if_knc_sells_out_their_2500_units_300_mhs_750000/

This is Bitcoins present, and Litecoins future. (Knc farm)
http://www.reddit.com/r/litecoin/comments/23k3ua/this_is_bitcoins_present_and_litecoins_future/

I decided not to end the IPO before launching. It will be ended 24 hours after launch.
This will allow people to see the launch and decide if they want to reserve a seat.

so it's this saturday last day for IPO yes?

I've got seed nodes setup all over the world(tested and working). Still trying to get the Mac Wallet compiled, it shouldn’t be too much longer.

Update ..

Yes, Next Saturday is the Launch. I'm getting everything 100%(next day or two).

Look Chinese translation has been. I came late.
Okay, I'll pay attention to this thread, until I confirm that can invest.

So what is happening for IPO? We still got time?