Topic: We have officially named our Coin (Read 1002 times)

Your post assumes that all Bitcoin users do not sell their Bitcoin and permanently hold. This is not the case. The guy who sold his Porsche for BTC may have sold his BTC 1 hour after he got it. Likewise, you assume that Bitcoin is always going to go down and never go up?

Your right on that account but I think in the early days you do need a spokesperson, mainly because if you dont, then people will make up their minds based on the comments. Amiir took the stage early on and his interviews/debates where always sounding like a child with his fingers in his ears, rarely replying back to questions asked of him and he instead went on his own tangent. So when the interview was finished, the comments of the well spoken, well dressed person, did outweigh those of the scruffy kid who assumed the whole world was an anarchist and could read the code. It is a bit of an exaggeration, but I am only highlighting "perception"

Then we have the internal workings....
On one hand we have miners who mine, make money and sell their coins at the market rate. If they are big enough, they can dump coins on the market, make their money, watch the price drop and then reinvest the money they made, back into buying even more coins.
A miner also does not bring development to the coin. That is not their purpose, because its all about greed for them. (Yes, I changed the scope of the word "greed" here)

On the other hand there are merchants that support the coin and many are doing so at a loss. Why, because Bitcoin can be so easily manipulated by miners. Why would merchants and even big retail chains take on a currency that could go from $1000 to $500 so easily. Merchants need to make money and without them, Bitcoin will just remain a toy bounced between the community.

http://img01.taobaocdn.com/imgextra/i1/11375778/T2gzVyXBlXXXXXXXXX_!!11375778.jpg
How many miners contribute back to the Bitcoin Developers?
Last I heard, Only Gavin was full-time and he stepped down

To use the crypto currency means that there need to be merchants willing to accept the coin, (unless its only used to exchange for fiat money).
These merchants need to weigh up the risks. Sell a graphics card for $420 and make his profit to stay in business, or accept 1 Bitcoin and have its worth suddenly go down the next day to $360 and lose out on the profit and instead make a loss.

For a miner, its all about the coins and how much you can get. For a merchant its all about providing a service with a currency that enables him/her to stay in business. I also sell Airsoft and I had to stop taking Bitcoin, because I couldnt profit from a sale to purchase more stock and its only fiat currency that kept me in business. Removing Bitcoin for me was the only way I could keep going. I still keep the sign there, but thats more a token gesture to promote Bitcoin.

As you can also see from the above comments, the discussions are one sided, favoring the mining and the miners. Added to that are some small minded comments, which are now part of this "spokesperson" of a website, which is not doing Bitcoin any favors at all.

So we are doing things differently to keep development a funded project and to promote our coin to merchants who will know that what coins they take in today, will be at minimum, worth 1 cent more tomorrow. By spreading the coin to more users and disabling (not all) the individual with the capacity to steer a coin, due to the massive investment (greed) in hardware to control the coin..... and its only then the community can "work" with the coin in their business. Big companies cannot take Bitcoin yet, because its a risk to do so, due to how easily it can be manipulated by those that have the capacity to alter its value. KnC will soon have its scrypt machine out and there will be miners who will spend millions on hardware and THEY will be the ones to be wary of, because they will control the market. Doesnt anyone wonder why China has so much influence on Bitcoin, or are they so naive to the industry and its manipulation?

I read somewhere that some person sold a Porsche for Bitcoin, when it was up high. How do you think that person feels now, that his sale is now worth half. Im sure the buyer is real happy and I am also sure the person that sold the Porsche would be steering clear of Bitcoin.

Perhaps miners will one day figure out that these big private farms are the ones that are taking money out of their pockets and doing Bitcoin an injustice... Im sure there is at least one "bright" miner on this forum that has figured that out

I know what it means and it great you see it differently.

I didn't find out until yesterday that "pegging" meant something different than overriding the marketplace to keep a fixed exchange rate. Naïve old me...

Though I have to say that the two meanings dovetail in a certain way.

And of course, there's lots more of them than early adopters. I further 'umbly suggest that ease of use is a far bigger priority than having a gifted and active spokesperson.

Look at it this way. To Joe Lunchbucket, the bricks-and-mortar world is the "real" world and the virtual world is but a veil. So, he naturally relates the virtual world to the bricks-and-mortar world.

To J.L., shopping at Amazon is as easy as picking up the phone and ordering...except it's better! There's lots of dish on the product he wants to buy.

To J.L., an exciting computer game is as exciting as a Hollywood movie...only better! He himself plays one of the characters!

Consequently...to Joe Lunchbucket, a crypto wallet is like the leather thingie that we all carry around. In order for him to conclude that a cyber is "better," the crypto wallet has to be both secure and as easy to use as a "real wallet" that holds the credit cards. In the "real" world, we don't walk around with physical padlocks on our wallets. Even if doing so is as easy as remembering a three-number combo or remembering your key.

If you can solve the tough and vexing problem of making your wallet both secure and as easy to use as a credit card, you'll have a real contender.

Oh, one more thing. Why doesn't everyone use a counterfeit-bill detector when they go shopping? It's not like using one is hard or anything. 

Does the developer know what a rim job means in the US?

bitcoin decentralize. rimbit centralize through your dev team aka sellers, right?

I followed your link and it reeks of scam....using greed to hook people.


I took a shit this morning and named my turd Rimbit.

Nxtblg

Thankyou for your comment and you are correct with everything you have said and that is our strategy. The only difference being the marketing, distribution and some changes to the UI itself to make it easier for those people that cannot change the clock on a VCR. After all, they have just as much right to enjoy Crypto Coins as other people.

We premine and we do it to put profits back into development. Bitcoiners mine to put profits back into their personal accounts. One benefits further development and the other does not.

We see Bitcoin at some time failing because it does not have a financial structure supporting it. Satoshi left, Gavin just left and it seems that there is nobody in the core team prepared to defend Bitcoin in the public arena. Why? Ideals only go so far. The core team does have work commitments, family commitments and so on and that needs a steady income to keep everything in balance.

Unless of course, your Amiir and happy to squat somewhere and be the spokesperson for Bitcoin. He did a great service and took the reigns when nobody else would. But he is not a speaker, or listener for that fact and after a while, he became repetitious and lost for words. However...  Kudos to the guy, he deserves it!

Companies that have a business model are better financed to ensure development of their product and they do have a spokesperson to travel the globe discussing their product and defending it when needed.

Who went to China to discuss Bitcoin with the Government? It would be a sad state of affairs if China did reach out, only to hear back that nobody could fund the trip and that nobody was prepared to discuss the matter and enlighten the Chinese politicians.

At the end of the day, we are asking the average consumer to take on Bitcoin as an alternative. We are also asking merchants to take the risk of accepting Bitcoin with its wild price fluctuation. How can a merchant replenish stock when his/her Bitcoins suddenly plummet by more than 50%? Do you actually think the person selling coffee or Alpaca socks really wants to risk a loss all the time, for the hope of a reward later?

Who is speaking out for Bitcoin when it needs a spokeperson? Who dealt with China? Who is speaking with Russia? Who dealt with Thailand when it wanted to ban it? I actually researched Thailand and found that the exchange was not telling the full truth and I had a talk with the guy. Nothing he said made sense and it appeared more a ploy to get out of a financial problem. Much like MtGox blamming errors in the BTC code and other nonsense. Inputs.io blamed hackers and so on.... Bitcoin needs to get out there, but it cant when it cannot support its own dev team!

Your coin seems to be a clone of Bitcoin, with an emphasis on UX to make it easier and more convenient to use.

You'd better keep an eye on this proposal following - the people behind it are very serious:

http://www.ofnumbers.com/2014/04/09/blockchain-2-with-adam-back-and-austin-hill/

EDIT: Also, check out this topic. It explains and discusses the same innovation.

I 'umbly suggest that you keep your coin as close to Bitcoin as possible so as to take advantage of the "Blockchain 2.0" feature. There's already a lot of excitement over it in the Bitcoin world. If your coin can compete on an equal footing with the Big BTC (except market-cap-wise) then you'd be doing the crypto world a favour. Competition is good.  

Thanks for the comment.
Everyone is entitled to an opinion 

Hey, I have been known to yell at a cat pissing on my rosebush... "Go away you darned cat"

man. your politeness is so disarming. must... resist ... have .... to ... be ... angry ... on ... the ... internet.

Looking forward to seeing your coin 

oh noez! why would we need this coin? especially with Rap(e)Coin going to be released in a few days.

Sorry but LMAO. This is the shittiest coin I've seen for a while, you do NOT need to create a coin with a 100% pre-mine and there are ways around it like letting other people actually mine? I doubt they even have a plan for miners because there will be no block reward. "We simply sell it"? Yep, just a quick job to make some cash.

oh really? unnamed coin... 
don't believe in this coin ///

Well I've seen coins come and I've seen coins go, but comrades: this is just fucking genius! 

Another crap coin.

Our coin finally has a name and we are in the process of putting together the new website that will cater for new adopters of the coin.
If you would like to know more, please visit our campaign at http://igg.me/at/community-currency