Topic: Charity Based 2nd-Generation Currency (Read 570 times)
so I will create 100 exchange profiles
interesting.
I posted this idea in another thread first(polycoin) but it looks like that was just a scam.
I'm not going to put something revolutionary on the table, CancerCureCoin is pretty much the same, but I dont like how it's still based on mining.
I believe that NXT, CounterParty and other so called "2d generation" coins have taken one step forward by excluding the mining part. Mining is a waste of energy, it's really a substitute way of distribution just to make the crypto a complete currency.
However, NXT, CounterParty and all the other 2d generations has still failed somewhat imo. They favored the early adopters and ended up like all other cryptos and our fiat money, controlled by a few.
The idea Im about to prupose will still not have 'solved' the problem of creating a perfectly fair distribution, but as I see it it's the correct way of doing it, and I dont think there are any other better way.
So here we go:
Along with the coin release there should be an exchange. All coins are placed as one big order at a ratio of 1BTC : 10,000X(a fixed ratio), which makes the total supply something like 12,000,000 * 10,000(just as an example)
Sell Order: 120,000,000,000
Sell Price: 0.0001
This will make sure that the value stay consistent, and the distribution will be honest. The big amount of coins will make it more convenient as a means for payment. Speculators can still invest for the sake of speculation, even though it will take a good while before they have made any profit. People will also be able to pull their stake out by selling at a cheaper rate (even though its marginally cheaper like 0.000099).
But there remains one problem "where will all the Bitcoin payment go?", CounterParty made them simply go to an address that's not accessible, which actually was a way of literally burning money. This worked, but the money that could have been used for good purposes was simply gone - never to be seen again.
Imagine to instead start a movement along with the coin, a charity to provide shelter and food for people in need!
I myself believe that our world is standing in flames at the moment, humanity is being both physically and psycologically enslaved by our ever tightening economical situation. I've been following a guy called Bill Still for many years now, he has a great deal of information on how our fiat system is actually the very instrument of controll that 'they' - the money masters - have been using to manipulate our whole society(media, politics, industries, etc.), for centuries.
This man, Bill Still, was the guy who introduced me to the cryptos, in the beginning of December 2013, he started to talk about Quark on his youtube channel - days later a was in the middle of a wild and crazy crypto market. And now, 3-4 months later I've come to the realization that this market produces very little productive, and a whole lot of Wall Street-looking, complete and utter crap. Even Quark turned out to be more like a private investors club rather than a revolutionary movement...
Money should not be created out of nothing, or even the solving of algorithms - it's something that our society(you and me) rewards it's members for contributing to a everyones virtue and benefit.
I hope that the future will bring lots of innovative new solutions to the current problems facing our cryptos, and Im willing to contribute in any way I can to make this happen!
I'm not going to put something revolutionary on the table, CancerCureCoin is pretty much the same, but I dont like how it's still based on mining.
I believe that NXT, CounterParty and other so called "2d generation" coins have taken one step forward by excluding the mining part. Mining is a waste of energy, it's really a substitute way of distribution just to make the crypto a complete currency.
However, NXT, CounterParty and all the other 2d generations has still failed somewhat imo. They favored the early adopters and ended up like all other cryptos and our fiat money, controlled by a few.
The idea Im about to prupose will still not have 'solved' the problem of creating a perfectly fair distribution, but as I see it it's the correct way of doing it, and I dont think there are any other better way.
So here we go:
Along with the coin release there should be an exchange. All coins are placed as one big order at a ratio of 1BTC : 10,000X(a fixed ratio), which makes the total supply something like 12,000,000 * 10,000(just as an example)
Sell Order: 120,000,000,000
Sell Price: 0.0001
This will make sure that the value stay consistent, and the distribution will be honest. The big amount of coins will make it more convenient as a means for payment. Speculators can still invest for the sake of speculation, even though it will take a good while before they have made any profit. People will also be able to pull their stake out by selling at a cheaper rate (even though its marginally cheaper like 0.000099).
But there remains one problem "where will all the Bitcoin payment go?", CounterParty made them simply go to an address that's not accessible, which actually was a way of literally burning money. This worked, but the money that could have been used for good purposes was simply gone - never to be seen again.
Imagine to instead start a movement along with the coin, a charity to provide shelter and food for people in need!
I myself believe that our world is standing in flames at the moment, humanity is being both physically and psycologically enslaved by our ever tightening economical situation. I've been following a guy called Bill Still for many years now, he has a great deal of information on how our fiat system is actually the very instrument of controll that 'they' - the money masters - have been using to manipulate our whole society(media, politics, industries, etc.), for centuries.
This man, Bill Still, was the guy who introduced me to the cryptos, in the beginning of December 2013, he started to talk about Quark on his youtube channel - days later a was in the middle of a wild and crazy crypto market. And now, 3-4 months later I've come to the realization that this market produces very little productive, and a whole lot of Wall Street-looking, complete and utter crap. Even Quark turned out to be more like a private investors club rather than a revolutionary movement...
Money should not be created out of nothing, or even the solving of algorithms - it's something that our society(you and me) rewards it's members for contributing to a everyones virtue and benefit.
I hope that the future will bring lots of innovative new solutions to the current problems facing our cryptos, and Im willing to contribute in any way I can to make this happen!
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