Topic: [CARBON][SM] Carboncoin | For a Greener Future - Efficient+Secure+Sustainable - page 18. (Read 57424 times)

Simply not true when coins are available on exchange, however balances can fluctuate short term (it's an unrestricted protocol)  subject to the principal that no one maintains a long term position of more than 2% of total circulation.

Thanks for your continued interest. You are looking at a great deal of hard work from several good people.

Are you considering joining the network?

If dev was selling coins, then clearly he had more than 2%.

Thanks Charles

The currency is free, open and there are no rules or restrictions in the protocol itself regarding wallet size/coin ownership

Our 2% maximum is therefore not mandatory, but recommended. Our primary mechanism for value appreciation is the network effect and it was felt that 2% was a reasonable cap to give the network effect its best chance. The exception is the environmental wallet (~4% of total circulation), full of coins donated by the early adopters - not through any premine or capital controls

Further, every holder of coins understands that they need to spread them out for them to appreciate in value. They are already very hard to get hold of - less than 1900 new coins issued to the network per day. Meaning that independently of hashrate you would have to mine for over a year to get 1M coins - or 0.02 BTC at the offer price

It's cheaper to buy coins than it is to mine them and it is intended to stay that way. Indeed to justify an energy increase the price would have to increase 5 times. We halve again in some 42 days, at which time the price will need to increase some 10 times to make an energy increase economically viable. (calculated using 0.12p per KWh, network currently running on about 1.5KWh per day)

Also you would not be able to get 2% of coins anywhere currently - to place a market order for *half* a percent of total circulation or 80M coins, would take the price beyond 20 satoshis and cost over ~2.5btc

The team sell at the market price, so maybe for people who aren't into bitcoin? I'll leave it to the OP to explain the 2% thing.

If it was listed on a market, why would you buy it from the team? And if it was listed on a market, how can there be a cap on owning 2%?

From one of the team, certainly not from the developer. Carboncoin has been listed on a market since it started

Did you buy your coins directly from the dev?

I don't see what is bizarre about that. Did I miss something in your question?

Everything you say is bizarre.

By one of the main guys behind the protocol. They have stayed anonymous because it makes the currency more secure. I'm in the UK and I believe that is where the majority of the distribution has happened so far but there are many holders internationally too - the coin had a pretty fair launch back at the beginning so there will be many holders all over the world

Told by whom? Where did you buy it?

Head on over to www.carboncoin.cc to see the latest amendments to our homepage

We continue to provide secure value storage and transfer facilities in a manner that can be depended on

Please try not to feed the troll

When I bought carboncoin I was told quite clearly that the maximum I could buy was 2% of circulation because more would have a negative impact on the network effect. You've got literally no idea have you

Bid at 1 satoshi, asshole

Look at the actual wallet amounts.  They are mostly for the same round amount over and over and over again.  This is a clear sign of a larger wallet being broken up into many smaller ones.

Last weekend myself and two other members of the community went and put some trees in the ground (hooray)

We planted 80 in a day and learnt a huge amount in the process a great deal of which we can pass on to you here.

First of all planting trees does not need to be nearly as expensive as we had been led to believe. Back at the beginning of the project we were informed that to put a tree in the ground cost between 4 and 5 pounds sterling.

This price broke down approximately as follows (it was 2.5 years ago so it's pretty rough)

Sapling just over ~£1
Tree guard to prevent them being eaten by rabbits/deer ~£1
Stake to keep them standing up ~£1
Labour to put them in the ground ~£1

The price quoted for us planting a tree was around £5 equivalent in BTC, LTC and Carboncoin

Trees are available in a variety of different stages of growth but the youngest form (and most vulnerable to being eaten) is called a whip. Provided it is planted in the ground correctly (at the right time of year (!) ) and not eaten by anything naughty this will grow into a fully grown tree so I'm happy to announce that it's MUCH cheaper than I thought to plant trees!

I think we can do it for about £2 per tree and there are ways to make this even cheaper!

On the current site we have room to plant another 200 and we have several other sites. Our first site is still there but because they maintain forests professionally they are only interested in planting higher quality later stage whips and using high quality stakes and guards. Our objective is biodiverse natural habitats on land that's not being used for anything else - and community participation is a thing we absolutely want to encourage - which the original site did not want to.

We're doing it ourselves and we've got canes and basic tree guards already so it's 60p each (because we're doing it for free) - so 200 is about £120 if anyone fancies a bit of that action here's a bitcoin address 19MzcxbwSKGw9HK9YWNCZPnuDM3DzWrgax

Carboncoin is set up to provide a constant source of funding for biodiverse forestry but only once we've had it adopted (because the donated coins in the largest wallet aren't worth very much til that happens)

We're getting some trees in the ground while we make that happen.

The Carboncoin blockchain is 3 years old in less than 2 weeks!

Do you know where your local tree nursery is?

Get the trees in the ground!

AM

coin is not a scam only it is just our thinking which makes it so and i think we should not lose our heart in this respect.

Some members of the community were out planting trees this weekend and we found out lots of valuable information which we'll be sharing when the full report is prepared. It is possible to plant trees for far less than the amount of money we were initially quoted at the original carboncoin forest site so this means we will be able to plant many more trees than we previously thought.

You can expect the full report in the next few days!