Anyone out there completely control all of a coin? - page 2.

marine4u

full member

Activity: 673

Merit: 105

Quote from: jimmybuffet on June 18, 2015, 03:08:48 PM

"www.federalreserve.gov (owns 100%! They can print as many as you like and take the coins they've let others use back too)"

I fell off my chair laughing!!

Well lets say I owned a online casino and you could only play with my coins which I own them all. So I have a million coins and I value them at $1. So you play on my casino and buy the coins from me and then I buy them back from you. The site gets popular, so now you release coins to an exchange which now drives up the value of your coins and casino.
Think it could happen?

I see,

I think you should clone your own altcoin, and use the self hosted Marinex exchange platform until it grows in popularity.

jimmybuffet

newbie

Activity: 28

Merit: 0

"www.federalreserve.gov (owns 100%! They can print as many as you like and take the coins they've let others use back too)"

I fell off my chair laughing!!

Well lets say I owned a online casino and you could only play with my coins which I own them all. So I have a million coins and I value them at $1. So you play on my casino and buy the coins from me and then I buy them back from you. The site gets popular, so now you release coins to an exchange which now drives up the value of your coins and casino.
Think it could happen?

marine4u

full member

Activity: 673

Merit: 105

Quote from: jimmybuffet on June 18, 2015, 02:55:10 PM

Is there a coin out there that 1 person has sole ownership or majority ownership?
I would like them to be the bank for my website.
PM me.

can you give details, what do you have in mind?

canth

legendary

Activity: 1442

Merit: 1001

Quote from: jimmybuffet on June 18, 2015, 02:55:10 PM

Is there a coin out there that 1 person has sole ownership or majority ownership?
I would like them to be the bank for my website.
PM me.

Here's two for you:

www.ripplelabs.com - owns over 80% of the coins (Larsen, Britto and Ripple Labs)
www.federalreserve.gov (owns 100%! They can print as many as you like and take the coins they've let others use back too)

jimmybuffet

newbie

Activity: 28

Merit: 0

Is there a coin out there that 1 person has sole ownership or majority ownership?
I would like them to be the bank for my website.
PM me.

Topic: Anyone out there completely control all of a coin? - page 2. (Read 1594 times)