Topic: Wanted - Programmer for 2 new alt-coins (BOUNTY - 5oz of silver OR BTC) - page 4. (Read 3781 times)

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10/10 trolling 

I'll need to look into this.

Paying the programmer in the coin is meant as a show of trust.  He is perfectly free to send them back and redeem them for the real silver.  Perhaps the price is too low?

I understand that almost no one will trust it at first.  That is fine.  I've got time.  And perhaps no one trusts it ever.  This is also fine.

Mining after the first block will produce transaction fees as people move the coins around.  Collect enough and the fees may be redeemed for the bullion.

Isn't a very similar feature already included into Ripple? You can issue IOUs denominated in gold and silver, if you like, and trade them for the real thing.

so what's the point of mining after the 1st block?

I love how your going to reward the programmer with coins from the ALT coins so basically they be doing it for free.

Come on man. You've been here since 2011. You know damn well trying to get programming work and paying for it in your made up coin is beyond scummy. pay people proper for their work, or you'll get shit for effort.

Trust only comes with time.  There are benefits to holding GDC's and SRC's.  You can freely trade them all over the place, without shipping metal all over the world.

An experiment that would leave you holding 100 Billion ounces of Gold and Silver... You could retire 1000 times over.

Not a joke.  Just an experiment.

I'm... not quite sure if you're joking or not...

Is there anyone out there that would be willing to create a couple alt coins for me?  GDC (Goldcoin) and SRC (Silvercoin).

I have a couple specifications.

1 - All 100 billion coins are premined in first block and go into vault wallet, accessible only by me, meaning I mine the first block.
2 - 50% of all future transaction fees go to me.
3 - 50% of all future transaction fees go to miners.
4 - Coin can be merge mined with Bitcoin.

This is the plan.  Create one coin backed by gold and another backed by silver.

Gradually, people will begin to trust me with their gold and silver, which will be kept in safety deposit boxes in various banks and available on request from people who are able to send me units of these alt coins.

1 coin will equal 1oz of metal.  If someone sends me 1GDC, they will be sent 1oz of gold bullion from my safety deposit box.  If someone sends me 1oz of gold bullion, I will send 1GDC to their GDC address.  GDC's are always redeemable by me in metal as there is a 100% reserve, but shipping costs will apply.

Various other details will be worked out in future posts.

The transaction fees going to my personal address may be sent to the vault wallet so that I may redeem the metal to sell and pay for safety deposit box rent, personal expenses, etc...

As a reward for this task, I'm offering to send 2SRC's to the programmer, which he may keep or redeem with me for 1oz coins.

This is purely an experiment to see what, if any, demand for this sort of thing is out there.

*offer increased to 3SRC's
*offer increased to 4SRC's or a negotiated amount of BTC.
*offer increased to 5SRC's or a negotiated amount of BTC.