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Topic: HonestCoin New Coin!! - page 5. (Read 3015 times)

newbie
Activity: 14
Merit: 0
February 11, 2014, 04:50:14 PM
#4
At e times my block size of 42 minutes i have a puzzle

Puzzle = What is the right question?
newbie
Activity: 14
Merit: 0
February 11, 2014, 03:22:38 PM
#3
No pm's received

1st 42 minutes over

One honest appreciation was an investment itself  Smiley

2nd 42 minutes over
full member
Activity: 126
Merit: 100
February 11, 2014, 02:56:29 PM
#2
Good one.
newbie
Activity: 14
Merit: 0
February 11, 2014, 02:36:31 PM
#1
Honestcoin is a coin designed to encourage use of cryptocurrencies for carrying out business

Any coin's value is based on what value people give it.

Honestcoins value is dependent on the amount of faith people have in the need for honest yet private transactions

Honestcoin is a very risky investment, the original nodes entering the system need to be in tune with the mission

As the intial trading network has to be created on the basis of faith, the nodes only refer users to the network that they have faith on

PM me if you'd like to support an Honestcoin.

Donations are capped at 5 honest donations,

Here is how it works:

You donate money to 5 BTC wallets set for the honestcoin pool without hoping for a return

transaction details are not to be made public, details are discussed in pm

I estimate discussing on pm and donations, and ensuring individuality of donations is verified by donated stake ...this will take about 2 days

I will honestly declare donations every 42 minutes...donations collected during 42 minutes will be facilitated by me regardless of my awareness of the number of donations received

If still at any point of time 5+ donations are received, these donations will be shared with the rest of the honestcoin pool but the unfortunate investor will lose his/her coins...

This is not a problem as this unfortunate trader shall learn the price of altruism and the price of honesty and will be informed of the communities private development to follow it as it unfurls,

from beginning itself no user will be given the power to hurt the communities stake but will be given a wide window for gaining honestcredit for supporting the community

One link of information shall always be hidden from invitations to honestcoin so that the leap of faith during initial investment is an investment into honesty itself.

This should be an interesting experiment to watch!

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