Laxmicoin,
Is working on solution for Cash on delivery to users in India as majority of online shopping in India done with Cash On Delivery Option
http://bit.ly/1aDc4ew
Topic: Laxmi Coin for India and international market - page 2. (Read 11493 times)
Our Open discussion forum link
http://opencoin.in/general-laxmicoin-discussion/laxmi-coin-for-india-and-international-market/
as many of our new users not able to post here
http://opencoin.in/general-laxmicoin-discussion/laxmi-coin-for-india-and-international-market/
as many of our new users not able to post here
Thanks dishwara
For info
For info
OFFICIAL ASICMINER UPDATE
LTC ASIC
ASICMINER determined LTC ASIC is not viable since a high-speed memory bus is much more useful in other industries and very expensive to make in this regard.
LTC ASIC
ASICMINER determined LTC ASIC is not viable since a high-speed memory bus is much more useful in other industries and very expensive to make in this regard.
Thanks Zata1,
We have selected a best logo in Indian environment, Goddess Laxmicoin
Goddess Laxmi is symbol of money and prosperity and most of the Indians buy laxmicoins generally Gold coins on Diwali which is biggest festival in India
We have selected a best logo in Indian environment, Goddess Laxmicoin
Goddess Laxmi is symbol of money and prosperity and most of the Indians buy laxmicoins generally Gold coins on Diwali which is biggest festival in India
As crypto community mostly comprise of atheist and agnostic people,associating religious symbol may not be a good idea.
Thanks dishwara
Mining is possible in Indian environment if u go sha 256 based - bitcoin type, instead of scrypt based- litecoin type, alternate crypto currency.
You can check out and/or connect with the user "dishwara" on this board, he ran a GPU mining operation some years ago (and got burnt badly in the process). No idea where in India he's from though.
Thanks Sukrim,
I am talking to dishwara but it seems he stopped mining, Looks like mining not possible in Indian environment
Thanks, Mitts
Thanks Zata1,
We have selected a best logo in Indian environment, Goddess Laxmicoin
Goddess Laxmi is symbol of money and prosperity and most of the Indians buy laxmicoins generally Gold coins on Diwali which is biggest festival in India
and that's why we named it Laxmi Coin Please checkout out Twitter/facebook page
www.twitter.com/laxmicoin
www.facebook.com/laxmicoin
Thanks, Mitts
We have selected a best logo in Indian environment, Goddess Laxmicoin
Goddess Laxmi is symbol of money and prosperity and most of the Indians buy laxmicoins generally Gold coins on Diwali which is biggest festival in India
and that's why we named it Laxmi Coin Please checkout out Twitter/facebook page
www.twitter.com/laxmicoin
www.facebook.com/laxmicoin
Thanks, Mitts
I am curious to see where this goes
Hi Zata1,
We are trying best if you have any suggestions, we will try to improve
A nice logo always seems to attract new minors/investors!
I am curious to see where this goes
Hi Zata1,
We are trying best if you have any suggestions, we will try to improve
You can check out and/or connect with the user "dishwara" on this board, he ran a GPU mining operation some years ago (and got burnt badly in the process). No idea where in India he's from though.
Thanks Sukrim,
I will try to message him and please keep suggesting us if you have suggestions for improvement
We thought going for pre mined coins and backing by money is the best solution , Legally and people will trust also
Few of top e commerce websites agreed to accept Laxmicoin as payment method and will provide special discount if user pays with laxmicoin
because Laxmicoin will bring customers to their websites
I am curious to see where this goes
You can check out and/or connect with the user "dishwara" on this board, he ran a GPU mining operation some years ago (and got burnt badly in the process). No idea where in India he's from though.
MarkM,
We still exploring different options
One friend of mine ( Not disclosing name) launched a currency based on mining in Indian, He mentioned to me hardly anyone tried
it means it is difficult to mine in Indian environment
We will disclose more detail as we make progress
We still exploring different options
One friend of mine ( Not disclosing name) launched a currency based on mining in Indian, He mentioned to me hardly anyone tried
it means it is difficult to mine in Indian environment
We will disclose more detail as we make progress
yes but using a blockchain means people can do double spends and stuff like that, because no way will you get enough hashing power to make it secure.
So the whole idea of usign a blockchain for it is crazy. just use normal system like all the other currencies (paypal, egold. liberty reserve whatever) do, blockchain is not suitable for a centralised currency like you are making, it is just stupid vulnerability that is not needed and it is irresponsible to open such a pointless useless vulnerability unless you are in fact knowingly conspiring the screw your users.
-MarkM-
So the whole idea of usign a blockchain for it is crazy. just use normal system like all the other currencies (paypal, egold. liberty reserve whatever) do, blockchain is not suitable for a centralised currency like you are making, it is just stupid vulnerability that is not needed and it is irresponsible to open such a pointless useless vulnerability unless you are in fact knowingly conspiring the screw your users.
-MarkM-
Hi Sukrim,
Suppose you have BTC, It's price today is $140, you purchased from exchange x, They charge you some % for transfer or money % initially
generally it is 3% and tomorrow it is $280 then you go back to exchange and say take it back they again charge you %
we are charging for % of value for processing fee and more over we don't want to get it back but rather we want it to be in circulation
if user rather then returning us if they buy some thing or sell it forward they get actual value and % backed up value will not be 50% it will be almost near actual value
Hope this clarifies it
Suppose you have BTC, It's price today is $140, you purchased from exchange x, They charge you some % for transfer or money % initially
generally it is 3% and tomorrow it is $280 then you go back to exchange and say take it back they again charge you %
we are charging for % of value for processing fee and more over we don't want to get it back but rather we want it to be in circulation
if user rather then returning us if they buy some thing or sell it forward they get actual value and % backed up value will not be 50% it will be almost near actual value
Hope this clarifies it
Why would a 100% INR backed coin not simply be called "Rupee IOUs"?
If it is only partially backed, how would you attract customers?
"Hey, buy this ___coin for 1 Rupee - don't worry, you'll get back 0.5 Rupees if you give it back to me!" does not sound like a great deal - or if it does, I am happy to sell you SukrimBTC that are backed 90%(!) by the BTC I receive! 90% is higher than 50%, right?
If it is only partially backed, how would you attract customers?
"Hey, buy this ___coin for 1 Rupee - don't worry, you'll get back 0.5 Rupees if you give it back to me!" does not sound like a great deal - or if it does, I am happy to sell you SukrimBTC that are backed 90%(!) by the BTC I receive! 90% is higher than 50%, right?
There is no point using a blockchain, all that does it create vulnerability to attacks, vulnerability you do not need.
Just use something like Cyclos or Open Transactions if you are going to own all the coins initially, blockchain is pointless crazy stupid extra that is totally not needed for that.
-MarkM-
Just use something like Cyclos or Open Transactions if you are going to own all the coins initially, blockchain is pointless crazy stupid extra that is totally not needed for that.
-MarkM-
Interesting 
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