Author

Topic: Idea for new type of coin a pegged coin. (Read 394 times)

hero member
Activity: 717
Merit: 501
January 04, 2014, 06:15:19 AM
#1
rather than starting a new coin.  Have a coin that is 100% premined, however the coin ends after a period of 5 years.  On an exchange say btc-e have a fixed exchange rate for the coin.  The coin could also have a 1% sales tax (deleted), where the exchange rate adjusts for the pegs outstanding.  Thus you might get back 2 bitcoins for every 1000 bitcoinpegs after 4 years.

1000 dogecoin = 1 dogeshit coins.
1 bitcoin = 1000 bitcoinpegs

The main purpose is to get all the transactions off the main blockchain.  Then 2nd main purpose is to give the coin a more uniform exchange rate where 1 peg = $1 or 1 euro.
 

Jump to: