Author

Topic: Crazy plan for Bit-Coin-Copper (BCC) but it's good (Read 113 times)

sr. member
Activity: 322
Merit: 253
Property1of1OU
Thanks OP for the txt ... my browser just popped out at web app layer in London Metal Exchange

https://www.lme.com/metals/non-ferrous/copper/#tabIndex=0

{BTC}
member
Activity: 210
Merit: 26
High fees = low BTC price
The USD was pegged to gold once but the bankers started to fake the gold until
the french asked for payment in gold in 1973 from the Americans and then the USD
got pushed off the gold standard.

USDT is pegged to the USD but lots of people are crying fowl !
https://www.reddit.com/r/btc/comments/7d9jz8/bitfinexs_tether_usdt_printing_fraud/

Quote
No one is arguing the other side because there is no evidence for other side, including Tether themselves. The more you research Tether and their bogus USDT, the more you will come to the same conclusion that everyone else does: TETHER/BITFINEX ARE A FOCKING FRAUD. You try and create an argument for Tether... good luck!


------------------------- White paper with color you all love  Cheesy --------------------------

Bit-Coin-Copper (BCC) is pegged to the price of BTC at a ratio of 10,000:1
Deposit of 1 BTC is deposited on Bitcoin block-chain (Working capital)
BCC now has a buffer of 1,000 coins without any mining bullshit and silly program code
BCC Public key in BTC block-chain becomes public and is a Well Known Address. Copper Public Address (CPA)
Genesis node in BCC block-matrix is created with a balance of 1,000 coins  (Working capital)
Wallets will contain the usual BCC public/private keys but must also contain users BTC public key

Payments made using BTC and sent to CPA will become new mined coins on the BCC ledger
and result in coins being added to the persons BCC wallet at ratio of 10,000:1 but will need the wallet to
synchronize with BCC nodes and send the BCT public key to the BCC nodes to credit the account with BCC

The balance of the BCC ledger should always total close to the amount held on reserve in
the BTC block chain with the key CPA and the public are welcome to check the balance but the key
point here is that person topping up a wallet has to pay the BTC miners fee during the transaction to
convert BTC to BCC.

All send and receive transactions now take place on the public BCC block-chain and are independent
of the BTC block-chain and the transaction fee will be fixed at $0.10 that becomes adjusted once a day
(Micro transactions charged at $0.01 but is subject to availability of the network)

The BCC network will always have enough BTC on reserve to pay anyone in Bitcoin who want to cash out
but this will be subject to the BTC miners fees and the amount will be deducted from the BCC wallets balance.

---------------------------------------- End white paper, see us on twitter clap trap ----------------------------

The above will create a new Bitcoin Copper Coin block chain and the coin will always have value
as long as BTC maintains a value and also achieves a degree of accountability which is a lot more than can be
said for other ICO's peddling hens teeth so what do you think apart from having to rely on me not emptying the
BTC account and running off with the money to live in the sun.

 

 








Jump to: