Not in a hurry, I know you're planning an ecosystem, but exchanges do help people who aren't miners to obtain currency and start setting the value for a crypto - any plans to get on an exchange?
Hi QuadraQ
There many threads making a big noise at present, I have had to rethink and consider things at length. but am of the opinion that my original concept is the way to move forward.
I have decided to start a marketing thread for Silver and Diamondback, It is important that they start to get a value as you say. My feeling is that if they have a value I can offer a bit of reward to Chainradar to list Outback cryptos on site. This will happen today.
It is important that Dosh never gets valued against Bitcoin or Altcoins as that will be countering the Idea of The Outback.
So to answer your question more directly, a value for Diamondback and Silverback is necessary to start trading Dosh. I will set out to achieve this by creating a marketplace today.
So if I understand you correctly the plan is to have Dosh exclusively tradeable for the other Outback currencies like Diamondback and Silverback, and those currencies could be traded for fiat or btc?
Thing is I put things out there for people to respond to, so a duologue can ensue, but the lack of response causes me to doubt things. The following is my original concept, and I am becoming more comfortable that it is the way to go.
The Outback is a crypto-collective, where creativity and innovation can work together to create a robust and secure every day crypto experience.
Every aspect of the Outback is independent of each other and not bound or obligated. Nothing or nobody will rely on any other part of The Outback, and any Crypto and its community will be free to go its own way if they choose to. The individual Blockchains will not be bound to or reliant on any central or even decentralised web or other interface. The Outback will ideally grow to twelve cryptos and that will be all. It will never be a breeding ground for never ending hype based pump and dump Cryptos. So Participating cryptos will be well thought out, relevant and marketable. No hit and runs.
There are advantages in a diversified crypto-economy, the obvious being an active market between Cryptos on The Outback. Creativity and Innovation can benefit from collaboration to create a user-friendly unintimidating Crypto economy.
Three Cryptos have been launched, They are and will serve a function within The Outback
( The outback is a work in progress, including the name Outback, it is there purely to establish the spirit of uncharterd territory and can be Changed )Outback roadmap:
1) Diamondback and Silverback have been launched and mined for Two weeks. As in past history cryptos on The Outback will be backed in a similar way to Gold backed Fiat currencies. The first step on the Roadmap is to create a value for them through an open market. I have started a market thread here and once an independent Block Explorer is created will launch a campaign to list Diamondback and Silverback on Established exchanges. At present Over four Million Silverback and close to 4000 Diamondbacks have been mined.
2) A good way to create stability is to create regionally diverse Cryptos that resonate with their audience, but can still quickly and easily be used to transact with anyone in the world. Help and assistance will be given to those that can show their ideas. There will need to be a set time frame for people to submit their ideas. Collaboration and cross pollination of ideas can only benefit all. Cryptos don’t need to be created with world domination in mind.
3) The first Outback Exchange launch. There are a number of things that set this apart from other exchanges. Firstly, it will open and close at certain times, as things develop there will be four exchanges that operate at different time zones for six hours. Future exchanges will need to be more than Automated 24 hour sites. At the end of day all accounts are cleared.
Secondly the exchange will have a limited liquidity in the form of an Exchange currency. This currency is not created by the exchange but mined externally and brought to the exchange for a fixed fee. It will be what all Outback Cryptos on the exchange are traded against. It cost money to mine and is doubly backed by Diamond and Silverback, Thus can justifiably be pegged both from a crypto point of view and fiat. Thirdly this Exchange currency cannot be held for longer than a certain time, Still to be decided, before it is auto reversed. It has to remain liquid and cannot be held. All off this is to create a less volatile, stable and more secure trading platform.
4) With the above in place the Tech innovation can begin to develop. A GUI client can be multi crypto and can hold Silver, Diamonds and Cash. Cryptnote Technology has been chosen for its scalability and has many examples of what can be done. A stable Economy will make it more attractive for shop owners to accept cryptos, so there will be much to do.
I appreciate you suggestions and questions
.. this did that for me.