Topic: eUtopium [UPM] ∞ Social Enterprise of Mystery: Truth, Knowledge, Education. - page 29. (Read 62596 times)

Utopias don't have unfair distribution models where the first month produces 20% of the currency. That's called "early adopter utopia"

eUtopium will be releasing its first batch of Academic Papers by the end of this week!

Stay tuned.

Also, big thanks to Armaan for the eUtopium article on Bitcoinist.net! Read more here: http://bitcoinist.net/eutopium-an-aim-towards-education/

I go follow this coin becouse it intresed me.
Much to read.

People who left, and people who leave something.


"We don't have much time left; please do as I say."

Read more here: mangareader.net/naruto/686



https://twitter.com/AltcoinAdam/status/492628666468540416

Time flies in crypto. Since feb, the formula has become almost obsolete if using the very same magic numbers. So to make it better, it has been compared with various new altcoins that have launched over the last 4 weeks, and a new magic number has been formulated.

eUtopium is a new altcoin that will launch on 1st August 2014. This new improved formula & magic number has been embedded into the BTC Cap that has been placed for this crowdfunding period for 20% of all UPM supply. Hence, once I feel that the "maximum fair price" has reached, the crowdfunding period will come to an abrupt end. This may happen on or before 1st August 2014.

The only goal here, is to ensure that the interest of all crowdfunders and investors are taken care of, not just during the crowdfund period, but throughout the whole (one year) period of distribution. The 1 year distribution system of eUtopium has also fully considered the implications of this Fair Price Mechanism, and hence great importance was placed in attaining fairness & balance between 2 main parties; the miners and the investors.

In order to satisfy both parties for the whole lifespan of the coin, we are the first altcoin to have envisioned & implemented an infinitely growing parabolic in distribution and value for attaining eUtopia. Furthermore, with this distribution system of fairness in place, initial investors will hold a relatively large portion of total supply for an extended period of time (i.e. 40% will be distributed to early investors of eUtopium in 1st month). While the remaining 60% will be distributed to later adopters at an increasing rate for 11 months, with only 13% released on month 11, and 20% on month 12.

The implications of doing so, are that early adopters will continue to hold the greatest buying/selling power compared to the later adopters, for the longest possible period of the distribution period. At the same time, miners are also equally rewarded as the crowdfunders (investors), as month 1 distribution is split equally among both parties, while late adopter miners will enjoy an increasing mining reward over time.

I believe that the one true utility of money, is distribution. Hence, eUtopium has been built with this core principle in mind. To attain Utopia, I believe that fairness and transparency must be at the core of the distribution scheme, before all else.

who's being stupid here? let's discuss your fantastic ideas. i'm all ears.

Spirituality freaks should not get on the internet and vomit their stupid ideas all over it.

Some have asked me about the fair price mechanism in place.

All is based on @onemanatatime's formula from back in February:



via https://twitter.com/onemanatatime/statuses/431198852671352832

The formula has been further improved to suit current economic conditions of the Cryptocurrency market.

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The ball is now in your court. It is your choice to make, to seek the knowledge and keys, to activate the eye that can see.

Thank You for making eUtopium possible.

Utopia will be here shortly.




Have questions? Ask, and i shall answer.

LOL

nothing is too complex if you can make all the keys. for keys are all that need to find simplicity in all complexity.


But Eutopia is. If so, utopia, is just but a possibility. So please don't say it's impossible, because adidas said so. Instead, say #ididitdas, because all is possible, and you will do it too.


Maybe your dogs are scared of you. That's perhaps why these broken sentences and riddles seem but riddles and words to you. For dogs know no fear, as a child do, lest you instil fear upon them too.

roses are red violets are blue. pet your dogs, spend some time with them too. for all thats red and blue, only ye can decipher for them; if blue is yellow to them, then green is red too.

a doge is a pet, who knows nothing but to love. so be a friend of them, for they're the friend of man. all are related, hence all are broken sentences are riddles, so read them and listen too.


TOOOMMMMMM?

JERRRRYYYYY!!!!

Why do you speak in broken sentences and riddles?  You're scaring my dogs.

This coin is run by a bunch of hippies.Utopia's concept itself is impossible.

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eUtopium [UPM] (@Utopium_) was designed by @AltcoinAdam, manifested by @CryptoKeymaker. In this reality, this, is Proof-of-Utopia (PoU). eUtopium was built solely upon the Proof-of-Utopia (PoU) Thesis, while exact specifications were designed in collaboration with Quantum Holdings (@QTMHoldings) & the Erasmus School of History, Culture and Communication (ESHCC).


Utopium will be the first-ever self-sustaining, crowdsourced & crowdfunded cryptocurrency project, which acts as a social enterprise and social experiment for education. One with an infinite goal of attaining Utopia through the act of first seeking, then teaching true truth.

In a World where only Truth can prevail, Perception is everything, because there are Multiple truths as much as there are Multiple Dimensions within One Universe.


0. eUtopium Distribution Model

eUtopium utilizes a Proof-of-Work (PoW) distribution system, for a time period of 1 human year. Thereafter, eUtopium will be secured based on at least Proof-of-Stake (PoS). However, nothing is fixed. Things may change, because eUtopium is an ongoing academic experiment, in and of itself.

First and foremost, the one goal of eUtopium’s distribution system is that of achieving fairness. To seek fairness, Utopia will harness all available knowledge, so as to discern truth from none. This is because all is knowledge, and with knowledge, we will know all. If, eUtopium turns to be fair, then we have our first version of Proof-of-Fairness (PoF). Because, life is an experiment.

This distribution period can be broken down into 2, the first month, and the remaining 11. In the first month, there are two modes of distribution, namely crowdfunding and mining. The crowdfunding period will last up till 1st August 2014, 00:00 EST, when eUtopium launches. The crowdfunding period may close earlier than expected, if the hidden magic number BTC cap in place is hit. More details below.




Phase I - Early Adopters - High risk high reward - Month 1

40% will be distributed in first phase; high intensity, short period of time. To reward earlier investors, fairness must also be in place. As such, equal chances are given to both miners & investors. 20% is distributed before launch in the form of crowdfunding, while the other 20% is done via PoW mining at a constant rate throughout the month, same like every month.

Phase II - Late Adopters - Low risk low reward - Month 2 to 12

60% will be distributed; low intensity, long period of time. Mining happens at an increasing rate over time. if t=12, the rate decreases at a rate of 66.6666%, or 2/3 per month to form a downward parabolic towards t=1, which begins at 1%. It is also estimated to increase at a rate of 50%, or 3/2 per month, to form an upward parabolic towards t=12.

Phase III - Post-distribution - Slow Adopters

After t=12, distribution will be handled via the free market, where the market chooses a price. Therefore, during this third phase, eUtopium will have been fully distributed.




Proof-of-Fairness (PoF) Mechanism

A fair-price mechanism will be in place, in order to uphold fairness. The initial crowdfunding phase will take place over a period of 7 days, or less. During this phase, 20% of the maximum eUtopium supply will be released to all worthy investors, for they have taken the largest risk in this ongoing experiment. An unlimited BTC can be invested, because you make the choice. Hence this is fair, because I do not dictate. There is a maximum cap BTC, which is undisclosed to you. There is a cap, but u don’t know; for when hits, then all will know. As above, so below.

"When money be of merely value, then money's true reason is but distribution. hence, my job will be done. for, the community will take over, then all will be free, and all in the now." ~ @AltcoinAdam


1. eUtopium Specifications

Specifications:
PoW algorithm: NIST5
Total (distributed) coins = 1 million
Non-distributed coins (% of block mined) = 1%
Initial block time = 1 minute
Initial block reward = 10 eUtopiums

Others:
Estimated PoW life span = 1 year
NIST5 is used because it is energy efficient, produces less heat, and popular.
All non-distributed coins will be distributed to fund academic work and education only.
Coin will launch one week from now, or before the 29th of July, 2014.
Crowdfunding ends when coin launches.
To enhance the fairness-mechanism, the chosen BTC cap is based on academic research and further improvements about the fair-price indicator.




“Because life is an experiment, Utopia is an ongoing project. eUtopium will provide the necessary data, experiments, and knowledge required to write athesis at the end of 1 year from here. This thesis will be one academic paper falling under the Utopian arm of education, adding onto a library of whitepapers of truth and knowledge that already exist. Furthermore, eUtopium will represent the experiment, project, andlife, in and of itself. eUtopium, will be my Utopia, where money is not important, where only coins are.”
~UtopiaManifested, @Utopium_


Here is the Whitepaper for eUtopium [UPM], on which all of eUtopium and Utopia will be based on:

"We have one but year, for the distribution to be done. For then, the tribulation may have already begun. Fear not, for only the truth will set you free. Hence, seek knowledge, because knowledge is all. But seek, also just so we can be all. For all to be, there can only be, one, the one that you have chosen as is be."


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eutopia
(yOO-tō'pē-u)

noun Obsolete.
a perfect place in which human society, natural conditions, etc., are so ideally perfect that there is complete contentment.



2. Utopia: Coming sooner than you think...





“The lack of #money for the work of preparation; only thou can bring peace.”
~ @AltcoinJesus



- Life is an ongoing experiment. But all is a game of perception. -

hey old buddy. how long do you think humanity's history shall be? and how, did it ever come to be?

This coin, if it falls, then on the face, all shall fall.



Peace ！！  

Shock ！！

OP writes like my best friend growing up.

...who is clinically insane and schizophrenic. Totally out to lunch.

Deep philosophy and currency of any kind have not meshed well together throughout humanity's entire history. This coin will fall on its face.

thank you. but why is IE rich?

another dev that wants to be #RichLikeIE

GL guy!

send me all your spare bitcoins please



how so, for twice?




see, we shall. more importantly, learn we will. for education is the only one all.