Topic: [ANN][HOC] ★ HouseofCoins | Community | Business | Power - page 31. (Read 46602 times)

This is needlessly complicated and can be done for cheaper with a far simpler solution.

All you would need to do is create HouseofCoin on Counterparty protocol, issue your coins to who ever is interested in trading with them, buy your KnC miner and easily redistribute your mining profits in either BTC or XCP.

The protocol has no room for the Frank Underwoods of the world either.

I want (5-10) "Knc Asic Titans". I think it's smart to just get one
at first and see how it goes. Even with (5-10) we're still small fries. We
will need millions to scratch and ATTN. the elite farms.

I'm not sure where you're drawing insinuation that I can't handle copy pasta Pos? I'm dedicated to my project. You're comment tells me that you like to kick people when they are down, if you really believe that im having trouble. No offence, i'm glad to talk and answer questions.

All I said was that you should only invest what you can afford to
lose, if that's something you don't already know, then maybe it
was something that you needed to hear. -Financial talk that may only
be interpreted correctly by those it's ment for(Investors).

-not much time to get caught up today either, will try to emails soon.

And just for reference which other coin did you create? People would like to know these things before they invest in something. Being in the financial markets yourself im sure you can understand that.

people are going to give you 50.000 Usd Are u for real??
you want 50k upfront and you say you're barely able to do a vanilla copy paste so u cant do a Pos  coin what makes a lot more sense for this model.
and we would all have to trust you with the 50k and If as you say the machines dont arrive thats just to bad.. and the "If we all put in what we can afford to lose" OMFG .

That's exactly right. The (proof of stake) is something that I don't know so well and that is why I'm doing what I know (Proof Of Work). Right now POW is 'tried and true for me' and as a GPU miner it's what I familiar with. I'm going to look more into that now that you mention it, you are probably right, it may be a better fit. This coin only needs a small amount of miners to keep the business side up and running, but I want to see how it does with the added innovation of mining share incentivization. What I don't want to do is create another coin that just gets pumped and dumped like normal. It's just not interesting anymore, time for the next level.

Figuring out how to create a "Permanent escrow" would be an incredible accomplishment. I have thought about giving the keys to multiple benefactors, but if one of the chain links break the entire piano falls two stories high. It has to be a simple solution. Someone who is trust worthy and has a reputation to lose if the contract is broken. I have to believe that there is something that hasn't been invented yet that will do escrow in this way without added counter parties.

If I was to buy 5 "Asic Knc Titans" and something goes wrong(Knc never delivers or does a BFL) I lose or tie up $50,000. If we all put in what we can afford to lose, we wont take as big of a hit if something goes wrong. Basic risk assessment methodology. Investing in Asics has it's risks and anything we can do to off-set them should be applied strategically. There is no guarantee that Asics will have a decent "ROI"(return on investment) and I wouldn't want to put all my eggs in that basket. As an investor, I think the risk reward is good(70-90%) and worth putting 10-20% down on Asic Investments. Also having the Asics ran by the right people is also a factor. The difference between 100-200% gains over strait (LTC) mining.

Tweaks made to specs, and updates to try and prevent KGW exploit.

Initial Block Reward: 100
Block halving: 150,000

what can you Hubby do?