Topic: [ANN][SHA]SHACoin2 - Dead Revival - Virtual & Physical Coin - Faucet - page 33. (Read 198336 times)

microchip? The field is probably not a short time to learn for us.

I have to tell you,
recycle factory don't think the Carbon Fiber have any value.(or very little, almost can ingore)
they don't like that. they like gold, silver, copper, iron and any other metals.

for example:
we can use Carbon Fiber to make the shell of cellphones, and can sell for a high price.
but if you take the shell to recycle factory, you will get nothing back.(or very little, almost can ingore)

why they don't like that? because they worth nothing actually.(or very little, almost can ingore)

it is you or creater believe it have value.
so, you still on the way to create something good, but not the money.

We need something that we don't need to explain the value of it,
then we can guarantee the value of our blockchain.

that is why we choose copper.

On this website you will find prices for carbon and other materials sold in small quantities fiber. http://www.robotmarketplace.com/products/carbon_fiber_main.html. You'll get a sense of the cost of the material. The site is located in the USA, but it makes deliveries to all locations.

Manufacturing coin with carbon fiber will be able to put a microchip inside the currency with the public key recorded it with the value of the currency, example: A coin of 5 Shacoin have written to the chip internal value of the currency. Now, as the cost of producing the coin, I believe it is not as high.

The faucet is empty 

Thx. Interesting idea.
Although we do not have much research on it, we believe that it is more suitable as a work of art.
it seems can have very high value.
maybe we can make some items of it in the future, and selling them for SHA.

Using copper in the 21st century? Do not! Dare and have to use a material that is difficult to fake, is not metallic, easy to transport between countries, has no problems with transport, can be mailed. For something physical, I would suggest a material that is worth how heavy and costly, can be recycled and the physical coins could be built with it. Present: Carbon Fiber!!

ya. with this system, we can sell many items.
physical shacoin version 1 will accept usd 1:1.

during this time, we will learn a lot and proof that we can send our physical coins over the sea.

If we are successful, we can do version 2.

we can define the SHA amount of physical coins.
for example, we may have 1,5,10,50,100 sha coins(1g,5g,10g,50g,100g copper),
then we can exchange virtual to physical.
we will not limit our physical coins' amount.
so, limited virtual coins with unlimited physical coins, we can guarantee the virtual's value.

Very nice . More than just selling the physical currency accepting payments shacoins?

This is our physical coin distribution system.

http://www.shacoin2.com/shop/

It will be opened after some adjustments.

Now we have more experience, and has entered a new field. Soon we will have a good news.

wishing you a speedy recovery.

sorry I have not got this done yet. I got very sick (strep throat) and today is the first day I feel half way human since starting the antibiotics. I haven't forgotten nor walked away. Probably have it done today, possibly tomorrow. I'm still not feeling great, and paid work is getting first priority.

We have some bad news.

Their actions faster than we imagined. We have an order in a foreign country has been locked.
They think our physical coins are too valuable.
We will study how to solve this problem.

Hello everybody. What is happening to the value of shacoin?

Is falling more each day.

You have to stop the sale of the coin, but will fall further

thx. I will wait for you.

I have to say that we must not attract too much attentiaon before we distribute our coins.
it is lawful because we are not currency and worthless.
there are many limit to send physical items.
I thought btc cannot do this now because too famous,
if they now entering this area, is the same as suicide.
government will stop it as soon as possible.  then you will need pay lots more to get these coins.

I will have something for you to look over by monday, based off of my understanding. I'll PM it to you, you tell me what's wrong with it, and I'll fix it. You can use it how you will. I'm invested in this coin, so I'm not after bounties or anything like that, I just want to boost it's value.

Some thought on securing the blockchain.

One. It's a pure POS coin, so 51% is just about not an issue.

Two, anything, even cosmetic, that raises it's exchange value will attract more investors. But as you noted they are likely to trade it for BTC almost immediately.  Like all cryptocurrencies, real world adoption is the holy grail, and most don't even realize it.

So I think you're on to something. We just need to flesh it out and see where it goes and what can be done.

well, thx man.

english is not my native tongue.
that is true. so, sometimes it is not so easy to express the idea.
that is why i said need a translator before.

i still will try the best to explain the idea to you.

what you are saying is right, but,
you may have misunderstood something about the plan. we maybe talking different things.
because the main purpose of the plan is to guarantee our blockchain's value.
it is not to make tokens of our blockchain.

from my point, we now have computers, cell phones, actually no need to make tokens.
unless we are already a currency, then we need tokens to play in some place.
now we just need an electric wallet. our cryptoworld actually have good system already.

but, without value, we are nothing.
we need something people can trust you know. for example, copper or other metals.

maybe you can think about multipool, we are trying to do something similar.
but this time we will do physical.

with multipool, people mining a coin, but they sold for btc finally,
no matter how many hashing power we plugin,
no matter how many btc we spending on our coin, they will all go to btc,
and then sold for usd, because people now only trust usd.

so i would say our world need a fix.
after this fix, we can move on, we can go further, we can have a stable coin.

and, if you want help, sure, we need that. welcome!
put these things brief and make them clearly will help a lot.

Well, I can think of a few rebuttals, but I'm going to try to be constructive instead. To start with, if you're going to make pure copper coins with the name SHA on them, I'm totally good with that. Copper has been the poor man's coin for centuries, and works well as a store of value. And the SHA design does have some advertising merit. But it remains a separate coin.

On the idea of coins with the public key on it, and the private key destroyed, I like this because it eliminates the NEED for it to be metal, or even actually a coin. It opens up many possibilities for you to put out this "solid" cryptocurrency. Like for instance, a laminated card with a specific denomination on it, along with a QR code for a payment processor.

Why? Because the value of that card will never change, but the link to a payment processor makes it possible to MAKE CHANGE at the cash register via a normal interaction with the blockchain. So the user of the solid currency hands it over, just like he might a $20 bill, and gets change from the live coins in the account of the merchant. The merchant does not have to wait for confirmation, because the private coin/card/token has a set value that is forever attached to that one key. So to him, it's a totally solid deal.

But reverting to my first point, if the coins have the public key and the private has been destroyed, then they don't even have to be metal. They are a token, but a token that can't be altered in value. They could be made of a dense plastic, which would be cheap and easy to build, or they could be steel, which is ridiculously durable and very cheap to produce. And etcetera.

I think your idea would also work, in conjuntion with the above. I think it needs a lot more detail though.

I'm going to risk insult here, but I think I'm right. English is not your native tongue, correct? Perhaps you could put together a bulleted list with all the features you have in mind, either here or in PM, and I could write it out in a more presentable form (privately for your approval or amendment) because right now it's a bit too vague. I like some of your ideas and am somewhat afraid of some of the others, but it could easily be because I don't fully understand them.

thx. good thinking.

it seems we are entering a place of difficult to explain.

I guess you are still in how to guarantee the physical coins value,
but the question should be how to guarantee the blockchain?
by this point, maybe you can find the way out.

lets talk about this more:

"print a public key on the coins and destroy the private key.  This way the value of the coin is held in the shacoin blockchain, but can only be transferred to another party by exchange of the physical coin."

yes, it was a good idea. and BTC lovers did this before. but it is not good after these days.

because building such a coin will cost more than 10 usd each, or more than 50 usd each.
and the metal of it still worth less than 1 usd each. it just like a paper wallet without private key.
we cannot use them in social life. it just too expensive and will need guarantee by blockchain.
without a good blockchain like BTC, it worth almost nothing.

or if you build them by gold, worth more for sure, but it still too expensive and cannot use them in social life.
if you cannot use them in social life, then why not just buy gold?

by this way, our blockchain still worthless.
blockchain, almost worth nothing these days because we can create altcoins as many as we want with almost nothing.

what we need is something guarantee our blockchain. not our blockcain guarantee something.

for example: we need more power or more money guarantee it.

guarantee:

1. using electricity? failed because free electricity.
2. using gold or silver? failed because too expensive.

so we decide using copper or other metals to guarantee our blockchain.
by this way, we can guarantee our blockchain's value. and blockchain can transfer our money worldwide faster.

I FULLY endorse what I bolded and colored! That is a vastly awesome idea!