Para sa akin mas mainam nalang na wag nalang gumawa ng sariling coin ang pinas dahil sigurado naman akong icoconect nila ang sistema ng MLM para makapang scam ulit ng mga taong walang alam sa bitcoin. Katulad ng ngyari sa PSB or pesobitsa simula ng ico nya okay then in the long run kinonect nila sa MLM ayun nagkandaletse letse na nag sistema dahil napsukan na ng mga sakim sa pera.
The coin, if ever, would at the start of course be centralized, in this case I'll be in the center, so eh, ganun talaga eh. Eventually it will have its own life, maybe a separate foundation or entity where I'm still around but have no powers if people kick me out, and maybe it's own governance model. I don't know. I'll help it jump start, but then the community will take over.
While I am not against MLM, it's not something that's on the agenda, it's not something I would tolerate too. They can use their own system or they can exist in the fiat system the way they do now anyway. The idea of selling shoes and having left or right doesn't make sense to me, but other systems do, but those are off-topic already.
I say we do need a crypto coin of ours that has a 1:1 ratio to the PHP value. This way we can go cashless and buy other cryptos instantly and securely. The purpose of this 1:1 coin is to completely replace our paper money. Then, this way we can start more crypto related projects. Plus! Heck, we got good accounting and no more effin corruption.
No one can create a coin that is pegged to a fiat value except the government or big corporations, and that's not something we like to force ourselves into. Sure there are bitshares-USD and USDT (tether), but notice that they also don't have the exact dollar or fiat value, it's still fluctuating a bit. The price is controlled, but eventually it will either go out of control, or is heavily centralized anyway, eh di sana yung banko sentral na lang ang gumawa ng coin.
There is a proposal in congress I think. I also think that's not going anywhere. The current administration is focused on law and order, on corruption, on drugs, on other things we shouldn't worry about. The next government will have other problems that we also shouldn't worry about. Until they say something crypto related, we don't mind them.
The bounties or airdrops must be of the coin itself. If people dump them, that's their loss. It should be something that instills value in itself, not deriving it from outside except in the case of PoW mining.
Tokens hosted on other platforms (such as ETH or WAVES or QTUM or ETC) are out of the question, I won't do it then. You are relying on the platform, and anything that affects those networks like cat games or something ...