Nobody is claiming that this will "save the world" nor "end global warming"
Just one quick comment re the above: I'm certainly going to do my best to that end, whether or not it is possible.
Scrypt is bad for the environment, but ASIC's are very energy efficient, and Carboncoin's rapid halflife means that speculative, competitive mining is disincentivised on a long term basis, unlike BTC which has been shown to use more electricity the higher the price goes due to the increased profitabilty of mining (I should say compared to fiat currency and conventional banking it is still MUCH more efficient, and in no way do I mean to do it down - I just wish to use the value generation mechanism of this technology as a force for good, without using energy unnecessarily). I also would like to see wealth generated in people with an environmental conscience - this is far better than it being in the hands of bankers, oil speculators etc in my opinion.
What we will achieve with the adoption of this coin in terms of the environment is a viable, workable, non-legislative, non-punitive alternative to carbon credits as one way to tackle the problem of soaring emissions. It's a bit bigger than a few trees in a field. That said the 2300 native British hardwoods in Hampshire are doing very well. We will be visiting with a few members of the community in mid September to see how they are coming along.
Due to the way the Carboncoin has developed - partly in relation to it's acceptance (or lack thereof) by many of the bitcoin community initially, coins will be released from the environmental wallet (effectively an early adopter currently holding about 4.5% of all the coins ever http://carbonchain.info/address/LFsTe6yRk1TXuGGW6kKwG8L3N4pkx5b6Do - not premined but donated by the community out of pure altruism) at a point when we are in the mainstream, because it is only then that The Carboncoin Trust will be able to achieve what we need to for the environment.
Due to the timing of the seasons, saplings to be planted this winter actually need to be seeded this or early next month so it is unlikely that we will be able to plant any this year, however with things happening the way they are we should be able to more than compensate for it next year. The fact remains that between here and Wyoming we have space and planning for over a million trees, this is arranged and it is just a case of producing and planting saplings, but I don't want to stop there. I want to fill that up then find more land and keep on going. It wont just be forests either - we will plant natural carbon sink ecosystems which we will construct having sponsored research in the academic community on exactly the best way to do so.
If anyone wants to talk about a fiat/btc donation in the next fortnight so we can plant a notional amount of saplings this year then as ever get in touch but as I said by next year we should be well on our way to making a real difference and a genuine positive impact with Carboncoin on its own.
Onwards and upwards!
