Topic: Freedom - page 2. (Read 1478 times)

Too bad you are living in this world then.
But nice to have dreams

Let me start off a Cryptorant

The cost of bitcoin is so incredibly delicate, just look at Mt.Gox's price right now. It's been fluctuating from 80-300 for the last week or so. The other exchanges are still around typical btc price, which means what exactly? All coins are driven by the cost that people buy and sell them at; it all boils down to choice really. What people are willing to pay for one coin.

This is incredible backwards to me. Crypto can make excellent return on an exchange, yes, but when it comes to IRL application; I don't want to pay for something with a piece of coin which may be more or less valuable tomorrow or the next day. I don't want to have the idea of being bitbroke tomorrow because my coffee will cost not 0.00x coins, but perhaps 0.0x00 or x000.000. Unacceptable.

I'm sure this also confuses merchants willing to get into the cryptoscene. Sure, the technology does most of the work, but what if I, as a merchant, suddenly lost a large portion of my clientèle due to the rise in price and all you fools only have a few coins? Yeah, you can buy more, but I, as a consumer, don't want to rush to the bitbank whenever I need funds. Or say there is not an immediate buyer available to cash out?

These are just a couple complications which are introduced by converting fiat into crypto at a variable rate of exchange.

So here's the thing, of all the aforementioned, the simplest solution is to create a coin which cannot sell for more than the value of a dollar. 1:1.

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My name is Tyler Durden, and this is more than just a whitepaper for a new crypto, this is a vow to dedicate my life to freedom.

This is a non-profit project, aimed directly towards the fair benefit of everyone. All initial premine is to be distributed, with the excess being held as bank for future crypto negotiations (withdrawals, payment, bank, etc).

Here's are some ideas;

1. Create a chain of trust within the community.
   This is essential to the success of this project. We need to collectively agree to provide a balanced distribution process of the initial pre-mine coin.
      - Distribution agents should be knowledgeable in mining, this is key and will allow for further education on the mining process. It will allow teaching the mining process to merchants so they may also benefit from Crypto if desired (extra income).
      - Having well known community members part of the distribution process would assist with this distribution trust.

2. Create a coin with premine.
   - Initial premine should be set (if possible to set X amount) on the amount of fiat currency available within the Americas.
   - Crypto may be divisible like current crypto. I see this as a great way for donations to be collected.
   - Crypto may not be sold or bought for more than a dollar. This will allow merchants and consumers alike to know exactly how much their funds are worth at all times.
   - Premine distribution will be well documented, publicly visible, and source from a handful of wallets to prevent scandal.

3. Distribute crypto to merchants.
   - Start with IRL application first, let crypto seep into the internet naturally.
   - This will allow seamless integration into the marketplace.
   - If a consumer doesn't have cryto, they can get it from the merchant itself, load it onto your card at POS for fiat.
      -This adds value to Crypto immediately after that initial purchase.
      - As more people obtain Crypto from merchants, fiat will be used less frequently over time, devaluing it substantially.
      - Merchants must be a legally owned and legitimate business.
         - If request is made by merchant for more crypto, loan will be given with interest committed to miner activity.
            - This will allow for miner bonus without charging transaction fee.
   By distributing the crypto to merchants first, online exchanges will not corrupt the value of crypto, which will be solely maintained at a 1:$1 value by merchants.

4. Centralized pool.
   - Micro-manage pools based off network hashrate. Miners with higher hash will be paid higher than the low-hash ones.
      - Manage by hash algo.
         - SHA256 asics get paid the most, expensive hardware
         - Scrypt will be second, expect scrypt ASIC soon.
         - nFactor will be least, cpu, gpu
         - Stake can be used for savings accounts +Interest
      - Work request by miner determines hash algorythme served; SHA256, Scrypt, nFactor

Complications / random notes:

= How to give crypto value?
   No back - No devaluation
      How to give something value.
         "value is related to how much you would sacrifice for something"
         "value is not inherent, only perceived"
            - If a consumer doesn't have cryto, they can get it from the merchant itself, load it onto your card at POS for fiat.
               - This will add value to Crypto.
               - Initial provision amount to a merchant must be carefully executed. How?
   Mining will naturally give Crypto value, it costs to create therefore sacrifice is it's backing.

= How to distribute Crypto fairly among businesses?
   - Possible solution would be to have the Pool act as a bank.
      - Loans would be given to merchants, with interest paid to the miners for their contribution.
         - This would commit fees from interst to miners without the need to charge for transaction costs.

= Many variables to crypto; hash algorithm for example
   - does algo effect actual transaction process?
   - Would it be possible to amalgamate all algos?
      - This may be possible by creating parameters specific to hashrate and/or mining software (since algorithm has to be set in miner, pools may be able to pick up on the requested worktype and be served as such.)
         - If I understand this correctly, the amount of coins are not specific to the algo, albeit the blocks are. If this is true, then it would be possible to amalgamate all generated coins before fair distribution (by shares)

= Block generation
   Since crypto will start off within the marketplace, miners will be more enticed to point their hash towards Crypto.
      block rate - 1 every 604800 seconds (Weekly paycheks) [[what does block rate affect?]]
      difficulty - set appropriately per decryption algorithm [[maybe current algo diff. is good starting point]]
      block reward - variable based off hardware cost and miners available, don't divide reward, multiply reward based on these factors.

= Need wide range of skillset; C++, networking, web development, etc
   - Biggest issue faced right now is lack of team. Most coin already created had incentive with cash output after release, which Crypto promises almost none until mining has been established.

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That is what I have so far; the idea has been with me for weeks, but only written down last night.
I appreciate any and all criticism, suggestions, and hands willing to help.

Unfortunately, I only have a background in shared webhosting, and my coding skills are limited to PHP (php.net and google trained); but at 24 years old, I have all my life ahead of me, with little to no distraction to focus my attention on this. There is very little personal gain from this; I do mine, and will continue to mine as a source of income. I have been able to locate some of the requirements needed (such as nfactor and stake functions) within the source code of coins, if I am reading sources correct mind you.

I know most of you will shy away from these ideas due to the NPO nature of this project, but this is about more than just making money. It's about empowering the 99%. It's about you, me, and our future generations. It's about taking everything we've created so far, and organizing ourselves to effectively overcome the oppression of bankers. It is about breaking free from the shackles of establishment to create a global economy driven no longer primarily by greed, but by the true value and worth of a hard day's work.

That's all for now, peace.

Freedom is the free choice of whether to share or not, the choice whether to be greedy or generous, and the ability to decide for yourself without limiting other's ability to decide for themselves.
Without the ability to choose whether code should be open sourced it's not freedom - it's communism.

So inspiring post.  But it's a moot point about greed. As I hear this word I always remember the words from "Wall Street" - "Greed is good" . I can't say if greed is the part of freedom or not, but no doubt it will be alive untill people are selfish and they will be selfish forever.

And if there is greed there will soon be no freedom.

I'm with you monkey.  True freedom can only be attained by abstaining from all monetary systems, we must liberate ourselves from greed to find the beauty of true freedom.

We can have a society where everyone cares for their neighbors as well as their self.  Our society can function just as well as it does now, just without the greed driven industries entangling our own existence.

True freedom awaits.  Our destiny is either to be free or to be enslaved indefinitely.  The choice is yours.  The time is now.

There can be no freedom without greed, since greed is fundamental to many humans.

So if you give people the freedom to be how they want to be, don't be surprised that many will be greedy.

I believe in freedom. I believe in an open sourced community. I believe in fairness among wealth. I believe in the people. I am the people.

I also believe Bitcoin, Peercoin, Litecoin, Vertcoin, and many other derivatives have the key ingredients to enabling this freedom; albeit creating resistance coupled with greed to diminish the likelihood of the fruition of said freedom.

One of these things is not like the other.

Open source is just that; freedom. Did any of you pay for the source? No. And the reason why is Open source. The code, and ever part of that code; including the numbers on your screen is open source software and should never have been paid for.

All the banks in the world have total control over every aspect of our lives. Their drive, ambition and prime objective is to fulfill their addiction to greed. And we are allowing this to happen at our own hand.

We the people have hold the key to freedom, if we choose to unlock the door of it's path.

I want this freedom from greed. Right now, crypto is driven by greed, and something has to be done to stop that.

I have a vision, a plan, ambition; but I am only one of many who share this dream. This is a call to arms. Let's rid ourselves from the clutches greed, and take back our freedom.

There will be no exchange.

There will be fair pay among workers.

There is only one crypto, Crypto itself.