We felt we should address some of the concerns regarding total number of Latium coins that this forum has presented. The number of Latium coins created was done by using this calculation:
# of People on Earth (~7 Billion)
X 5 Free Latium Coins for Each =
35 Billion Latium Coins# of People on Earth (~7 Billion)
X 10 Latium Coins to compensate for Affiliates (this is the maximum amount of Latium Coins required if referred by all 100 levels of referral) =
70 Billion Latium Coins35 Billion Latium Coins
+ 70 Billion Latium Coins =
105 Billion Latium Coins The total amount of Latium coins was purposely created support the growth of the Latium network over time. We do understand that not all these coins will be claimed. Once Latium has solid traction and we can evaluate the requirement for coins in circulation, we will destroy excess coins as needed (with proof). If Latium does achieve the goal we have envisioned, it is better to have coins to destroy than not enough to honor our commitment of supplying the world with an easy access point to crypto-currencies. Currently, the majority of posters in this forum continue to focus on the total coin supply, but once Latium is active on exchange (within the next day or two) we feel the focus will change due to the limited amount of coins available for purchase.
Circulation will greatly impact the value of Latium and currently we do not know of another coin that has a model so focused on limiting coin circulation. Latium is a different concept on what a crypto currency can be. We don’t anticipate everyone will agree with the Latium model, but we do feel the risk to the end-user is far less than with any other coin (no investment, no mining, etc).
The bottom line is quite simple. Sign up and get free coins or don’t sign up don’t get free coins. Latium will prove itself over time and the model has been thought out well into the future. We are more than happy to participate in the community and we will provide answers to any question we can. We will not, however, respond to conjecture, opinion or speculation about the coin or the Latium system, as we do not feel this is beneficial to anyone.
We have released blockchain info here
http://latium.cc/block.html and difficulty charts here
http://latium.cc/difficulty.htmlWe have recently introduced two additional languages to the Latium.cc site: Chinese (
http://latium.cc/cn.html) and Japanese (
http://latium.cc/jp.html), with additional languages to come.