Nice! Great seeing the project finally getting some attention.
On the topic of getting this on coinmarketcap, I think the point is less about knowing the market cap at a glance, and more about coinmarketcap being a great way to bring attention to the coin. Coinmarketcap gets a lot of views, and especially on days where the price rises a lot or it gets a good deal of volume, people who may not have heard of the coin will look into it. Fantastic source of free advertising for the project. Anyone can submit a request to get the coin added. I was about to do it but then realized coinmarketcap does want to have a logo for the coin. I realize you have been focusing on bigger fish, but even just something temporary that may not be perfect would be enough to get it on coinmarketcap. Can always change the logo down the road.
Also, I've been doing some math here. I believe the original specification called for block halving every 210000 blocks? So that would be around 145 days. What is the final base value for block rewards? Do a few quick calculations and it becomes clear it won't take too long before coins are trickling out and the total supply won't hit 210 million BCR for decades. Actually if the block reward continually halves it will never hit 210 million BCR, it wouldn't come remotely close. I'm just trying to get a picture of the long term economics at play. As it stands now it is going to be difficult to get more than a few dozen bank nodes up and running at 250k BCR per node, and after a few years of halving every 210000 blocks, it will be virtually impossible for anyone to obtain enough BCR to start a new bank node.
hey there
I guess i let my technical mind get ahead of business a lot. Yeah if you guys want it on coinmarketcap, i will not object and you are right it's good for publicity. Likely for practicality and investor awareness, i'll implement my own version in the wallet when i get to tinkering with the GUI again.
for a LOGO, i'd suggest this :
Currently the only way to earn BCR is through mining, which will eventually become a difficult entry level, in the coming few versions....tentatively 0.30.20 I will introduce incentives programs, blockchain hiring schemes and other directives that will create job opportunities and new means of earning coin and securing the blockchain. I am researching Proof Of Service (for masternodes) and Proof of Activity (for average node) as part of that program, but as usual, there is always so much going on in my mind that i end up going on a tangent without telling anyone.
Essentially, in a few versions from now, the blockchain will become self sufficient and self sustaining, there is a lot of financial, social and software engineering to be done, but you'll see the results soon. If I had development assistance we would likely see the first one or two of these by version 0.30.18. The BCR ecosystem is going to be a robust one that goes beyond the current realm of crypto-currency. Just give me a few more months to roll out features. I intend to make this an extremely competitive offering on the market.
Also one of the more obscure (still in my cloudy brain) ideas is a multi-tier system, ie at some point a few million BCR will be locked into the chain to become collateral for tradeable assets on the blockchain. An example would be BBD, to make the asset tradeable, we would represent it's value on the chain via this method, then if you open your wallet, you will see three balances, 1) your wallet balance, 2) your bank balance and 3) your Asset balance(s). All this is far ahead of current scope so i don't really talk about it unless asked.
For the moment only individuals are capable of setting up Bank nodes, however this is not the design goal. right now the project is very young and fragile, and resolute supporters are usually just individuals. Around launch time i will demonstrate how a group of people can collectively own and run a Bank node. This is a very important aspect since i expect that only a few of the current large holders will still be holding in a few months. The long term expectation is that less than 5% of the Bank nodes will be owned by individuals, the huge majority will be owned by partners and (if we get really big) by companies and potentially other smaller crypto-currencies trying to piggy back.
A lot of this is very important, but i never get to talk about it because my mind is always cluttered with thoughts on expansion and implementation.
Thanks for bringing it up.