Im creating a new cryptocurrency to use in Cuba. Any ideas?

KevinO

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Hi There,

Curious how you crypto project for Cuba is going?
You would think If any country needed a cryptocurrency it would be Cuba?

A couple of comments/thoughts --

1. I am an entrepreneur and was looking at a venture to import large amounts of electronic scooters to Cuba and offer them for sale with long-term financing so there are affordable monthly payments. However, one concern we have to figure out is how would consumers make payments as most do not have bank accounts. Any thoughts on how what method Cubans pay their bills would be appreciated

2. I have a friend who specializes in ICO's and has done an ICO for bringing crypto to emerging companies called "Humaniq"
https://humaniq.com/. He is a very busy guy but maybe some synergy?

If you want to hit me back you can email me directly at "[email protected]"

Thanks
Kevin

legenduim

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This thought has also come to my head. Cuba is not the prosperous country, and people do not have even enough fiat money to pay for living. Are you sure you will find those ones who will be really interested in this coin?

bituperio

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Quote from: km4700ruda on December 27, 2017, 11:05:00 AM

No money to invest = no project.

It works by that way, if you do not have money to make marketing, you are not going to make a good project.

Also, saying that you are going to create a new Crypto from Cuba, is not a good face to promote your ico.

Do you think that Satoshi had much money to start with? Ok, I know times are now different, but if you have a real project and if your can convince a small yet knowledgeable team of people to join it, it is not impossible to bootstrap a project. I am sure that many people in Cuba would support it and possible people in Miami.

aencarnaci

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Quote from: hypnotic-frog on December 21, 2017, 01:21:08 PM

I have written a whitepaper already, but first I would like to know what other people of the bitcoin compunity might say.

Any ideas, thought, or comment would be really apreciated!

I will suggest you to scan the market for crypto and especially for new crypto because your crypto will be new and anonymous for people and in such a currency which has no place in market I will never invest. Already there are more than 1000 cryptocurrency in the market but people are investing in just 4 or 5 currencies because they do not believe the rest and no one wants to lose his investment in such a currency which has no value.

hypnotic-frog

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Quote from: km4700ruda on December 27, 2017, 11:05:00 AM

No money to invest = no project.

It works by that way, if you do not have money to make marketing, you are not going to make a good project.

Also, saying that you are going to create a new Crypto from Cuba, is not a good face to promote your ico.

Who says I have no investors? I just wanted to get some feedback from the comunity. Its not a fundraising or promotion post.
But you have right about the "new crypto for Cuba" label. I definetely got that wrong. Its not what I ment.

km4700ruda

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No money to invest = no project.

It works by that way, if you do not have money to make marketing, you are not going to make a good project.

Also, saying that you are going to create a new Crypto from Cuba, is not a good face to promote your ico.

hypnotic-frog

newbie

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Quote from: cryptonx on December 21, 2017, 02:40:23 PM

Quote from: hypnotic-frog on December 21, 2017, 01:21:08 PM

Hi. Im a software developer who lives in Cuba, and I have being working for a while in a project to run a new cryptocurrency in order to allow cuban people to use epayments. This are my thoughts:

It cant be bitcoin. I really dont see it. Getting bitcoins in Cuba its really hard. Mostly because almost all exchanges forbid access and operations from the country. Also minning in Cuba is not an option as you might guess.
It has to be email/sms driven to end users. Most people in Cuba dont have easy internet access. There are some public Wifis you can use, but they are very localized and the coverage is small. But, most of the cubans have cellphones (without internet), but they have access to email data plans and sms services. All interactions from the users wallets to the blockchain nodes should be ussing those.
It has to work partially offline.Like allowing users to sign transactions offline and send them later when online.
It has to be 100% without the government support.There is no way the Central Bank of Cuba (and the government) supports a system like this. They have a monopoly over all the financial system and all the operations are closelly monitored.

I have written a whitepaper already, but first I would like to know what other people of the bitcoin compunity might say.

Any ideas, thought, or comment would be really apreciated!

getting bitcoin is hard in cuba depends on your quote above, but why you want to make a new crypto there,,
are you already prepare for everythings,? maybe you will get problem with the government in cuba

Yes. Probably I will. But there are not specific regulations related with cryptocurrencies in Cuba yet. So by experience, you have to put the tech out there.... and then the government would have to deal with it someway. Not the other way around. At least not in Cuba.

bituperio

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Quote from: hypnotic-frog on December 22, 2017, 12:22:28 PM

Quote from: bituperio on December 22, 2017, 08:59:40 AM

Quote from: GayOfThrones on December 21, 2017, 05:36:04 PM

You could use Byteball in Cuba. It can be sent through email, unlike all other cryptocurrencies. And it has a great wallet which makes it easy to adopt and it doesn't need proof of work.

Mail is not really a good idea, at least not without encription and if it is encrypted then is suspicious in Cuba I guess. Besides, how many people there have access to internet as we understand it in the western countries?

I know email is not idea choice, but saddly, email and SMS' are the only services users can use in their smartphones to interact with the network if they are not connected to a public Wifi.
Email can be encrypted though. I think that would be no problem.

I think that you may look into TokenPay. Very discrete and quite easy to send.

nrm4bits

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LMAO yes sorry, check this out, i pm you

hypnotic-frog

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ERROR: "You have exceeded the limit of 1 personal messages per hour"

Whaaaaaaaat! Embarrassed

hypnotic-frog

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Quote from: cryptonoob312 on December 22, 2017, 09:06:10 AM

As i know Cuba is not a rich country at all, thus your crypto should be affordable to the people. Also to become a real alternative to fiat there should be infrastructure. It means that your crypto needs to be accepted in stores and companires. It's a big problem, because state bank will be against it.

Of course banks will be against. But I know people (bussiness owners, local entrepeneurs, and merchants) will support the project. I mean, I know the Cuban National Bank could be a pain in the ass and give a hell of a fight, but I trust descentralization and broad-acceptance to overcome that.

It happened other times here in Cuba, with the "paquete semanal" and other solutions not aproved by the government. At the end they had to deal with it. Just as it happened with Bitcoin.

hypnotic-frog

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Quote from: bituperio on December 22, 2017, 08:59:40 AM

Quote from: GayOfThrones on December 21, 2017, 05:36:04 PM

You could use Byteball in Cuba. It can be sent through email, unlike all other cryptocurrencies. And it has a great wallet which makes it easy to adopt and it doesn't need proof of work.

Mail is not really a good idea, at least not without encription and if it is encrypted then is suspicious in Cuba I guess. Besides, how many people there have access to internet as we understand it in the western countries?

I know email is not idea choice, but saddly, email and SMS' are the only services users can use in their smartphones to interact with the network if they are not connected to a public Wifi.
Email can be encrypted though. I think that would be no problem.

hypnotic-frog

newbie

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Quote from: GayOfThrones on December 21, 2017, 05:36:04 PM

You could use Byteball in Cuba. It can be sent through email, unlike all other cryptocurrencies. And it has a great wallet which makes it easy to adopt and it doesn't need proof of work.

Hum. Never heard of it. I just red the whitepaper. Quite interesting aproach! Have to tryit and run some local tests to see if it works here. Cheesy

Thanks for the suggestion.

cryptonoob312

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As i know Cuba is not a rich country at all, thus your crypto should be affordable to the people. Also to become a real alternative to fiat there should be infrastructure. It means that your crypto needs to be accepted in stores and companires. It's a big problem, because state bank will be against it.

bituperio

member

Activity: 208

Merit: 13

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Quote from: GayOfThrones on December 21, 2017, 05:36:04 PM

You could use Byteball in Cuba. It can be sent through email, unlike all other cryptocurrencies. And it has a great wallet which makes it easy to adopt and it doesn't need proof of work.

Mail is not really a good idea, at least not without encription and if it is encrypted then is suspicious in Cuba I guess. Besides, how many people there have access to internet as we understand it in the western countries?

GayOfThrones

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You could use Byteball in Cuba. It can be sent through email, unlike all other cryptocurrencies. And it has a great wallet which makes it easy to adopt and it doesn't need proof of work.

hypnotic-frog

newbie

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What about an ICO campaign? Could that be a good idea for funding? Huh

hypnotic-frog

newbie

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Quote from: bowonakulo on December 21, 2017, 02:38:11 PM

Cuba produces a number of the same commodities, such as tobacco, sugar and coffee, resulting in competition in marketing the commodity to the international market, I think a decentralized agro-business based project with a blockhain network would be good to develop

Yep. I had some ideas on that too. Cheesy

hypnotic-frog

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Quote from: VarDiff on December 21, 2017, 02:15:43 PM

Choose some old, well-tested coin and fork it.

Make your own coin from scratch is a madness. You will waste a lot of time and I'm sure once you will be hacked.
Bitcoin is not good due to transactions speed.

Maybe some privacy-focused coin. like Dash?
If you want to attract users who do not want the government to find out about their links to crypto-currencies.

Nice idea, btw. Good luck to you!

My initial propossal was to use Multichain nodes and to extend them to be able to comunicate through email and sms with client wallets. Dash sounds interesting though. I'll definetely check it out.

Thanks for the encouragement!

cryptonx

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Futurov

Quote from: hypnotic-frog on December 21, 2017, 01:21:08 PM

Hi. Im a software developer who lives in Cuba, and I have being working for a while in a project to run a new cryptocurrency in order to allow cuban people to use epayments. This are my thoughts:

It cant be bitcoin. I really dont see it. Getting bitcoins in Cuba its really hard. Mostly because almost all exchanges forbid access and operations from the country. Also minning in Cuba is not an option as you might guess.
It has to be email/sms driven to end users. Most people in Cuba dont have easy internet access. There are some public Wifis you can use, but they are very localized and the coverage is small. But, most of the cubans have cellphones (without internet), but they have access to email data plans and sms services. All interactions from the users wallets to the blockchain nodes should be ussing those.
It has to work partially offline.Like allowing users to sign transactions offline and send them later when online.
It has to be 100% without the government support.There is no way the Central Bank of Cuba (and the government) supports a system like this. They have a monopoly over all the financial system and all the operations are closelly monitored.

I have written a whitepaper already, but first I would like to know what other people of the bitcoin compunity might say.

Any ideas, thought, or comment would be really apreciated!

getting bitcoin is hard in cuba depends on your quote above, but why you want to make a new crypto there,,
are you already prepare for everythings,? maybe you will get problem with the government in cuba

Quote from: bituperio on December 21, 2017, 01:33:04 PM

I recommend that you look into sonocoin, is an incoming project that can send money as txt, msg, etc...

why sonocoin ? are you one of the team member from sonocoin ?

bowonakulo

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idap.io

Cuba produces a number of the same commodities, such as tobacco, sugar and coffee, resulting in competition in marketing the commodity to the international market, I think a decentralized agro-business based project with a blockhain network would be good to develop

hypnotic-frog

newbie

Activity: 13

Merit: 0

Quote from: rzevskiy on December 21, 2017, 02:14:41 PM

Why to use only in Cuba? If it is not widespread and popular, it has little value

Because its a local problem. Im sure that anything that solves a problem, has value.

Maybe not to some people, but it definetely will have value to the 470 000+ turists who arrive to Cuba every month and can't use their Visa, or to the thousands of families who send money from the US to their relatives in Cuba, or to the small bussiness owners who want to be able to use ecommerce inside the island.

VarDiff

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Choose some old, well-tested coin and fork it.

Make your own coin from scratch is a madness. You will waste a lot of time and I'm sure once you will be hacked.
Bitcoin is not good due to transactions speed.

Maybe some privacy-focused coin. like Dash?
If you want to attract users who do not want the government to find out about their links to crypto-currencies.

Nice idea, btw. Good luck to you!

rzevskiy

newbie

Activity: 71

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Why to use only in Cuba? If it is not widespread and popular, it has little value

hypnotic-frog

newbie

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Quote from: tdeannova on December 21, 2017, 01:51:17 PM

if the internet network there is not accessible to everyone, I can not imagine how it works. if the intermet can be accessed easily and the entire territory of the country can use the internet, I am sure it will be very easy to get users and educate them about the crypto you will create. maybe for now is not the right time.

Internet is not accesible, but intranet access (sites and services inside Cuba) is actually very cheap. Also email services are accesible and cheap as well. I know its not going to be ideal until Internet access becomes extensive, but that could be years away. I was just thinking that in the meantime, maybe the solution should be local.

Thanks for replying.

hypnotic-frog

newbie

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Quote from: bituperio on December 21, 2017, 01:33:04 PM

I recommend that you look into sonocoin, is an incoming project that can send money as txt, msg, etc...

I just did. Very promissing. But the current presale is 2000SNC min, which is like 3000USD. Same problem to get it as with Bitcoin. Thanks for the reply.

tdeannova

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if the internet network there is not accessible to everyone, I can not imagine how it works. if the intermet can be accessed easily and the entire territory of the country can use the internet, I am sure it will be very easy to get users and educate them about the crypto you will create. maybe for now is not the right time.

bituperio

member

Activity: 208

Merit: 13

TRUSTED CARS ICO

Quote from: hypnotic-frog on December 21, 2017, 01:21:08 PM

Hi. Im a software developer who lives in Cuba, and I have being working for a while in a project to run a new cryptocurrency in order to allow cuban people to use epayments. This are my thoughts:

It cant be bitcoin. I really dont see it. Getting bitcoins in Cuba its really hard. Mostly because almost all exchanges forbid access and operations from the country. Also minning in Cuba is not an option as you might guess.
It has to be email/sms driven to end users. Most people in Cuba dont have easy internet access. There are some public Wifis you can use, but they are very localized and the coverage is small. But, most of the cubans have cellphones (without internet), but they have access to email data plans and sms services. All interactions from the users wallets to the blockchain nodes should be ussing those.
It has to work partially offline.Like allowing users to sign transactions offline and send them later when online.
It has to be 100% without the government support.There is no way the Central Bank of Cuba (and the government) supports a system like this. They have a monopoly over all the financial system and all the operations are closelly monitored.

I have written a whitepaper already, but first I would like to know what other people of the bitcoin compunity might say.

Any ideas, thought, or comment would be really apreciated!

I recommend that you look into sonocoin, is an incoming project that can send money as txt, msg, etc...

coineye

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First you should consider similar experience in other countries that launch pilot projects with a cryptocurrency

hypnotic-frog

newbie

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Hi. Im a software developer who lives in Cuba, and I have being working for a while in a project to run a new cryptocurrency in order to allow cuban people to use epayments. This are my thoughts:

It cant be bitcoin. I really dont see it. Getting bitcoins in Cuba its really hard. Mostly because almost all exchanges forbid access and operations from the country. Also minning in Cuba is not an option as you might guess.
It has to be email/sms driven to end users. Most people in Cuba dont have easy internet access. There are some public Wifis you can use, but they are very localized and the coverage is small. But, most of the cubans have cellphones (without internet), but they have access to email data plans and sms services. All interactions from the users wallets to the blockchain nodes should be ussing those.
It has to work partially offline.Like allowing users to sign transactions offline and send them later when online.
It has to be 100% without the government support.There is no way the Central Bank of Cuba (and the government) supports a system like this. They have a monopoly over all the financial system and all the operations are closelly monitored.

I have written a whitepaper already, but first I would like to know what other people of the bitcoin compunity might say.

Any ideas, thought, or comment would be really apreciated!

Topic: Im creating a new cryptocurrency to use in Cuba. Any ideas? (Read 216 times)