Topic: [SPUDS] PotatoCoin **DEAD** - page 6. (Read 58270 times)

[22:48] <@lifeofcray> i got 120k spuds
[22:48] <@lifeofcray> i'm thinking of transfering them here
[22:48] <@lifeofcray> so that i can do more
[22:49] <@lifeofcray> !rain all
[22:49] <+SpudsHead> Usage: !rain  [max people]
[22:49] <@lifeofcray> !balance
[22:49] <+SpudsHead> lifeofcray has 993.55934216 SPUDS (unconfirmed: 0 SPUDS)
[22:49] <@lifeofcray> !tip KeksCore 993 channelsoak
[22:49] * pengamat ([email protected]) Quit (Read error: Connection reset by peer)
[22:49] <+SpudsHead> lifeofcray tipped KeksCore 993 SPUDS! "/msg SpudsHead help" to claim.
[22:49] <@KeksCore> Such [Cray] lifeofcray is soaking 69 potatoes with much 14 SPUDS: johnbrainless FlyingMongoose mozy5000 earlz BrownPanick OnlyOne j4jackj arkiboy arki__ wawanarki __ron__ degenorate thispanda JimliteLaptop mmilbrat moriarty X3n0X`AFK KeksMan shack4 NeoJolt Banger Graphique le_killer El_Kabong brucevein jamenjaw t00tie
[22:49] <@KeksCore> byroe goodshibe pi_43 sbits fury sorrowfox nagzter MeckPomm Phil_3x ItsLuke Viperlin Allcryptocoins Scorpianz Jookly BtcBob VashTheStampede AltxF4 Vindyne8 Razerglass nOgAnOo ValiantThor hosler ad3847 justwalking buZz Caphits_ JCJr222 cosmo shivendra Jimlite kassado Charles_the_Gowl HarD2BeaT SoreGums AngryAdmin Atmalik
[22:49] <@KeksCore> VaultEX-icecube coinswap-jeremy PCFiL Devianttwo kernels10 tryphe
[22:49] <@KeksMan> wow
[22:49] <@KeksMan> thanks
[22:49]  Thanks
[22:50] <@lifeofcray> well, price is down to to
[22:50] <@lifeofcray> two
[22:50]  When will the premine be dumped?
[22:50] <@lifeofcray> Charles_the_Gowl now!
[22:50]  Okay.
[22:50] * @lifeofcray dumps 300 mil coins
[22:50] <@lifeofcray> naa
[22:50]  lol
[22:50] <@lifeofcray> the plan on the premine
[22:50] <@lifeofcray> we got the "ATF" right
[22:50]  I was just about to ask about the plan for the premine.
[22:50]  Yes, the African Trust Fund.
[22:51] <@lifeofcray> that one will never go below what it started with
[22:51] <@lifeofcray> if you've noticed, the PoW goes down by like 4 sats per block
[22:51] <@lifeofcray> after that we're going pos
[22:52] <@lifeofcray> so the ATF will never go below starting value AND will only be used for things that can profit farmers in africa directly
[22:52]  new wallet on the way then?
[22:53] <@lifeofcray> any direct profits to potatocoin will go directly into the ATF
[22:53] <@lifeofcray> VashTheStampede there's still like 300 days left
[22:53]  oh ok
[22:54] <@lifeofcray> then we got the "Initial distribution to African farmers"
[22:54] <@lifeofcray> we'll try to sell the african people on potatocoin
[22:54] <@lifeofcray> there's already a precendent that they like bitcoin
[22:54] <@lifeofcray> but potatocoin is 30x faster than bitcoin in terms of transaction time
[22:55] <@lifeofcray> (bitcoin is 15 min, potatocoin is 30 sec)
[22:55] <@lifeofcray> but we'll try our best to get down there and try to convience them to exchange potatocoin for M-PEsA or local currency
[22:56] <@lifeofcray> any and all M-Pesa or local currency we get from that
[22:56] <@lifeofcray> we'll put into either investments for the future
[22:56] <@lifeofcray> like stock options or similar
[22:57] <@lifeofcray> or trade directly towards spuds
[22:57] <@lifeofcray> i.e if we trade 100 of their local currency for 2500 spuds, we take those 100 and buy spuds for those
[22:58] <@lifeofcray> those will go into the ATF
[22:59] <@lifeofcray> if that doesn't work out, we'll find another way to helpt the african community
[22:59] <@lifeofcray> but those coins are earmarked for just that
[23:00] <@lifeofcray> helping the african community, where infrastrucute is the #1 priority
[23:00] <@lifeofcray> alright, then we got the bounty + server costs bounty
[23:00] <@lifeofcray> about 15 mil spuds
[23:01] <@lifeofcray> so far we've only put up bounties for pools, exchanges and shops
[23:01] <@lifeofcray> but our plan is to deplete the bounty part of the premine before we go pos
[23:03] <@lifeofcray> some of the bounty (about 100 usd max) is planned to be used to register us as a financial NPO as well. In the country of Sweden
[23:03] <@lifeofcray> Swedish laws makes us eligable NPO status as it is
[23:03] <@lifeofcray> so we could technically call us an NPO legally
[23:04] <@lifeofcray> but we refrain from doin so as of yet
[23:04] <@lifeofcray> there will also be more bounties coming in the future
[23:05] <@lifeofcray> for things that we feel could help the coin
[23:05] <@lifeofcray> these projects could be anything
[23:06] <@lifeofcray> from game tournaments with the prize money in SPUDS or individual projects
[23:06] <@lifeofcray> we're going to have a brainstorm about this at a later date
[23:06] <@lifeofcray> and we're always listening to the communitys wants and needs as well
[23:06] <@lifeofcray> so if you have a suggestion, please tell us
[23:07] <@lifeofcray> but yeah, that's about it
[23:07] <@Phil_3x> !tip AndChat|64721 10
[23:07] <@Phil_3x> hi AndChat|64721
[23:08] <@lifeofcray> also, we stake the bitember brand name and reputation of this coin
[23:08] <@lifeofcray> and i've also used my real name (Marcus)
[23:09] <@lifeofcray> and with my Bitcointalk username (durilup) you should have no problem finding my youtube or facebook page
[23:09] <@lifeofcray> so we're quite serious
[23:11] <@lifeofcray> Charles_the_Gowl does that answer your question?
[23:13] <@lifeofcray> or do anyone else have a question?
[23:13] <@lifeofcray> anything at all, i'll try to answer it to the best of my abilities
[23:16]  It answers my question, lifeofcray. Thanks.