Topic: Coming Project idea Locked value (Read 220 times)

you should also mention your own background and more importantly what language and platform you are going to use! maybe someone know c++ but you want to develop in java...

if it is another centralized stable coin like the dozens we already have then, no thanks. but if you have any idea about making it truly decentralized then i am very interested in hearing about it.

create single purpose coins have never been successful over the past 10+ years and it won't change now either. it is like paying the taxi with USD, the groceries with EUR and your bills with CNY, ... it will never work.

I'll park at the shops, and just log on to my chosen exchange to convert some bitcoin to parkingcoin so I can pay for my parking. As I walk across the parking lot, I'll open up the exchange again to convert some bitcoin to Walmartcoin so when I finish up in Walmart I can pay for my shopping. I'll maybe grab some HomeDepotcoin while I'm at it, cause I'm doing a DIY project as well. Once I'm done there, I'll convert some more bitcoin to Walgreenscoin and maybe even some KrispyKremecoin and treat myself to a doughnut. Oh no, wait - KrispyKremecoin doesn't trade on that exchange, so I have to send some bitcoin from one exchange to the other before I can buy some KrispyKremecoin. I'll also make sure to buy some gasolinecoin for the trip home, and some USPScoin for that package I need to send.

I get home and input in to my database all my trades, because after all, every single crypto-to-crypto trade is a taxable event. 7 more just from that trip! I also despair at just how much in exchange fees I have to pay every time I want to use a single purpose coin, and how much dust I have left sitting across hundreds of different coins and tokens.

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Seriously though, single purpose coins or tokens are pointless. Would you carry 100 different types of cash to use at 100 different retailers? Of course not. You carry one type of cash to use everywhere. So I will carry one type of cryptocurrency to use everywhere - bitcoin.

Lots of people would probably choose to pay with digital cash (not crypto-related, like Mastercard for example) than your token.

There's really no need to create a new token just to pay something. You'll directly compete with Bitcoin and I'm sure your token will die sooner or later.


Looks like they're dead.

Why would anybody want a stablecoin with a value of $500? Do you expect this to have any sort of liquidity among normal users? Or would it only be for institutional users, such as banks, money transmitters and custodians?

Realistically, the asset would need to be backed by something to ensure it maintains its value of $500. It is not possible to enforce this value unless you offer a guaranteed buy back system at like $499 or something.

Also, there are already parking tokens, check PARQ.

So, it can be Bitcoin but fully centralised. then why is blockchain needed?
who would be interested to invest in something without any possibility of growth?

But here you not got the answer of Vod, try to think on that. Your new coin will definitely be a coin with less use so with less use mean there will be a much higher volatility than bitcoin and as it will be less use coin so there will be less amount of developers working on it so they will not be able to make it more convenient than bitcoin, on bitcoin a large number of developers of the world working to make the usage of it more convenient with the passage of time.
Your coin will also require a struggle for a longer period for mass adoption.

To use btc should be easier! 
AT this moment all this wallets and so blockchain... It sounds too complex!
It Got to be easy like e-mail or online banking then we Can talk about massive adoption.
And Second problem is Volatility!! 

Bitcoin is that coin/token!

Why make another coin that has less use?

Stable coin is good idea but not current ones, they are trashes, they aren't even stable coins.
I think it will be ideal to create such stable coin, a coin which will be always the same in price and I'll explain what I mean.
Imagine with current 1$ and 1 stablecoin you can buy 1 ice-cream. 1 years later usd went down and 1 ice-cream worths 1.10$ now what happens? It still worths 1 stablecoin because we didn't follow to usd fall cause we are stable. Price is fixed, locked, it's separated from USD and is real stable thing.
I'll find my post where I talk about that in a little bit more details and will include link.

Thank You for that! 
Yes its very unconvient to pay for parking some places You need to send SMS some places u got to buy ticket its no Annoying!

But If u could have some one way token or coin wich u hold and u Can pay with that it will make Experience of parking your car much more pleasure experince!

I am currently giving time to learn the blockchain so that to become a perfect developer if I ever started my project. By the way I am commenting here to tell you that stable coin may not give you much benefit because most of the crypto community like the fluctuations in the price to earn the profit while holding or trading.

Your second idea is the best and outstanding idea as I also want to have a system with which we will pay via a card with crypto currency at Car Parking. It will bring convenience while parking our cars in any car parking place where that coin will be accepted.

Who Want to start making coin or token with me? 


2 ideas:

Stable coin (Locked value ; for example: 500$ is always 500$ value coin.)


Parking coin or token for example; paying with p-coin everywhere around the world.
So one coin or token for Car parking!