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Topic: [PRE-ANN] DOLLARCOIN - Earth's first Consensus Fixed Value Cryptocurrency (CFVC) (Read 3937 times)

legendary
Activity: 1680
Merit: 1003
Well, That's Crypto :-\
Kudos for thinking outside the box monsanto.

There are those that say the dollar is dead but I think dying is a better way to describe it. Govt's are going to hang onto the money they produce and do everything they can to ensure "their" dollars are never replaced. Crypto may or may not be the replacement for standard fiat, we shall see.

The future lies in the hands of the people. What the people decide will ultimately take center stage whether this involves a revolution to overthrow a corrupt govt or the adoption of a new standard of money.

People yell "power to the people!" when really the people already have all the power except they dont think for themselves thus they are ultimately powerless.
hero member
Activity: 1008
Merit: 501
we all love dollars but not dollarcoin ...
full member
Activity: 154
Merit: 100
why we need coins, because it's valueless but invaluable.
hero member
Activity: 770
Merit: 501
I'd hate to think of the legal implication of even scanning and uploading that dollar bill pic........ And that was the last we heard from monsanto as the FEDs kicked in his door raid his / her home for all their hardware .....




COIN DEAD!


Picture changed since my post... nice clean up ...
hero member
Activity: 1792
Merit: 513
<3 DeepOnion
sr. member
Activity: 1274
Merit: 265
lol
the dollar and imf has just lost reserve status and is doomed due to brics
new bank coming online and you want associate this with a doomed currency.

man thats priceless, don't you read the news?
full member
Activity: 126
Merit: 100
BTMan
sr. member
Activity: 392
Merit: 250
Dollarcoin, hmm I don't think so..
coins so good with expensive prices  Wink
good luck with your business
sr. member
Activity: 333
Merit: 250
member
Activity: 64
Merit: 10
legendary
Activity: 1241
Merit: 1005
..like bright metal on a sullen ground.
Introducing


Dollarcoin




                                                                                                                                                                                           



                                                                                                                                                                                           




The World's first Consensus Fixed Valued Cryptocurrency (CFVC)


Preliminary Mission Statement: The primary purpose of Dollarcoin [DC] is to provide a non-volatile cryptocurrency capable of maintaining a price stability of 1:1 with the U.S. Dollar by the adoption of Consensus Fixed Value [CFV] (as well as several other possible methods utilized by a Dollarcoin Foundation along with the Dollarcoin community).  What is CFV? CFV is the voluntary yet implicit agreement that no one shall sell or buy Dollarcoin for any value greater than or less than the value of 1 U.S.dollar.  Why? Because it is Dollarcoin.  

There are many potential benefits inherent in Dollarcoin, primarily however, it is to provide a digital currency of stable value, that gives the end user ease of use, security and functionality.

Status: Obviously Dollarcoin is a project in its earliest of stages so there are many decisions to be made. But this also provides anyone interested a chance to get in on the ground floor and be a part of Dollarcoin's creation and future. It would be best if we could use this thread at first to discuss the general outline of what we want in Dollarcoin and the technical specifications necessary to make that a reality. The way the coin is first distributed through mining will be of paramount importance.  Premining/IPO type distribution will not be allowed.  The aim will be to get as many smaller gpu and lower level miners involved as possible, as well as other creative and transparent ways of initial distribution.  A good goal would be to have the most creative and fair launch of any cryptocurrency to date.  This is an essential step in cementing Dollarcoin into its 1:1 value status with the U.S. Dollar.  Once we have a handle on the specifications and distribution process we want to utilize with Dollarcoin there will be bounties issued.  It's time for something different than pump and dump price manipulation.  It's time for Dollarcoin.

"Dollarcoin, because it's time to make history."

First issues up for debate:

Symbol: [DC] or [DOC] would seem appropriate. Thoughts? looks like it will be [DC]. Eventually Dollarcoins could be referred to as "DCs."  

Algorithm: Pow/Pos?

Total coins: One idea might be 10x BTC for a total of ~210,000,000.  This would provide a quantitative link with BTC while providing enough money for bounties, etc.

Distribution: ?

The items to list in this list that are up for debate: ?






  


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