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Topic: I'm researching a new crypto and need advice (Read 33 times)
Greetings Everyone,
I'm researching building a new alt coin. It's designed to strip the 1% of their political power. Basically, I'm unhappy that the wealthy have an excess amount of political power (because political campaigns require raising large sums of money to be successful.) It causes a lot of distortion in our democracies. I feel as though “we the people” has been replaced by “we the corporations” and “we the 1% who will donate to your political campaign.”
I've been developing a political ideology that has a mechanism to strip the 1% of their power. However, as just one person with limited means, it's doubtful that I could be successful. Perhaps at best I could get 1 or 2 percentage points like the Libertarian or Green party. Thus, I am building a secondary philosophy that would serve as a foundation for the first. The secondary is designed to spread in a method similar to a virus. However, getting the virus to spread is perhaps even beyond my means, as I'm just one person.
Four years ago, I was active on these forums, and was particularly interested in that Aurora Coin. I started to develop the concept of an “equality coin” before shelving the idea and moving onto other things. The idea however, was to develop a crypto currency where every human was allotted 1 coin. This way, everyone would start as equals. The coin would be free, but just the first one. The only way to obtain more coins would be to barter with your neighbor. That would contrast sharply with bitcoin, where the early buyers made a fortune at the expense of late comers. The wealth in bitcoin I believe, is even more concentrated than the wealth in the real world. If coin value depends on the size of the network, it leads to an obvious question: why should the 99% join or support a crypto currency network where a small number of people control the wealth? The 99% could simply form their own crypto network, leaving the 1% involved in bitcoin with a worthless coin because the network would be too small.
The mechanism for spreading the equality coin, one per a human, is challenging. Do we obtain fingerprints? Do we use facial recognition software? Do we use DNA? Maybe a retina scan? And what's the mechanism via which it will spread?
So I shelved the concept 4 years ago. When bitcoin started getting press recently by rising to $18,000, I started researching the idea again. I believe the equality coin concept could be attached to a network I'm building for a language software project. The language software could provide the mechanism and network via which the coin could spread.
Thus, we could strip the 1% of their political power in 5 stages.
1) Equality coin concept.
2) Build the network.
3) Use the network as a means to spread the virus.
4) The virus will form a backbone for IDP.
5) IDP causes a revolution, thereby stripping the 1% of their political power.
6) Without their excessive political powers, the income distribution levels or Gini ratio could be reduced to a more reasonable level.
My questions are:
1) Does this sound like the type of project the crypto community might support?
2) If I proceed, what platform should I launch an ICO on? Ethereum seems to be the preferred platform. But I'm concerned about the network congestion and the increasingly high transaction fees. I'm not convinced that Ethereum can scale, although I could be wrong. I was thinking about an ICO on the Stellar Network due to the fact it can scale plus transaction fees are small/quick.
I'm kind of assuming Ethereum is the preferred platform because it's easier to raise the most money on Ethereum due to it having the biggest network. Stellar's ICO network is so small, perhaps I would fail to raise any money at all, lol. There's also Cardano, Neo, and other alternatives to Ethereum that I have yet to research.
3) Why do ICOs have a time limit? Do they need to have a time limit? I'm interested in dispersing the coins among the greatest number of people possible, in order to increase the network size. Having an ICO without a time limit would allow for greater distribution of coins. I'm also interested in reducing fees for efficiency, to give the coin holders greater value on their money. For example, an ICO that raises 10 million but spends 5 million promoting it, the loss is 50%. But an ICO that raises 10 million but spends $50,000, the loss is only a half percent. If the ICO has a time limit, I would imagine the budget in promoting it could be quite expensive.
4) Does anyone know good sources, books, websites, people, or consultants that could provide information on the best methods to conduct a successful ICO?
I'm researching building a new alt coin. It's designed to strip the 1% of their political power. Basically, I'm unhappy that the wealthy have an excess amount of political power (because political campaigns require raising large sums of money to be successful.) It causes a lot of distortion in our democracies. I feel as though “we the people” has been replaced by “we the corporations” and “we the 1% who will donate to your political campaign.”
I've been developing a political ideology that has a mechanism to strip the 1% of their power. However, as just one person with limited means, it's doubtful that I could be successful. Perhaps at best I could get 1 or 2 percentage points like the Libertarian or Green party. Thus, I am building a secondary philosophy that would serve as a foundation for the first. The secondary is designed to spread in a method similar to a virus. However, getting the virus to spread is perhaps even beyond my means, as I'm just one person.
Four years ago, I was active on these forums, and was particularly interested in that Aurora Coin. I started to develop the concept of an “equality coin” before shelving the idea and moving onto other things. The idea however, was to develop a crypto currency where every human was allotted 1 coin. This way, everyone would start as equals. The coin would be free, but just the first one. The only way to obtain more coins would be to barter with your neighbor. That would contrast sharply with bitcoin, where the early buyers made a fortune at the expense of late comers. The wealth in bitcoin I believe, is even more concentrated than the wealth in the real world. If coin value depends on the size of the network, it leads to an obvious question: why should the 99% join or support a crypto currency network where a small number of people control the wealth? The 99% could simply form their own crypto network, leaving the 1% involved in bitcoin with a worthless coin because the network would be too small.
The mechanism for spreading the equality coin, one per a human, is challenging. Do we obtain fingerprints? Do we use facial recognition software? Do we use DNA? Maybe a retina scan? And what's the mechanism via which it will spread?
So I shelved the concept 4 years ago. When bitcoin started getting press recently by rising to $18,000, I started researching the idea again. I believe the equality coin concept could be attached to a network I'm building for a language software project. The language software could provide the mechanism and network via which the coin could spread.
Thus, we could strip the 1% of their political power in 5 stages.
1) Equality coin concept.
2) Build the network.
3) Use the network as a means to spread the virus.
4) The virus will form a backbone for IDP.
5) IDP causes a revolution, thereby stripping the 1% of their political power.
6) Without their excessive political powers, the income distribution levels or Gini ratio could be reduced to a more reasonable level.
My questions are:
1) Does this sound like the type of project the crypto community might support?
2) If I proceed, what platform should I launch an ICO on? Ethereum seems to be the preferred platform. But I'm concerned about the network congestion and the increasingly high transaction fees. I'm not convinced that Ethereum can scale, although I could be wrong. I was thinking about an ICO on the Stellar Network due to the fact it can scale plus transaction fees are small/quick.
I'm kind of assuming Ethereum is the preferred platform because it's easier to raise the most money on Ethereum due to it having the biggest network. Stellar's ICO network is so small, perhaps I would fail to raise any money at all, lol. There's also Cardano, Neo, and other alternatives to Ethereum that I have yet to research.
3) Why do ICOs have a time limit? Do they need to have a time limit? I'm interested in dispersing the coins among the greatest number of people possible, in order to increase the network size. Having an ICO without a time limit would allow for greater distribution of coins. I'm also interested in reducing fees for efficiency, to give the coin holders greater value on their money. For example, an ICO that raises 10 million but spends 5 million promoting it, the loss is 50%. But an ICO that raises 10 million but spends $50,000, the loss is only a half percent. If the ICO has a time limit, I would imagine the budget in promoting it could be quite expensive.
4) Does anyone know good sources, books, websites, people, or consultants that could provide information on the best methods to conduct a successful ICO?
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