I finally went over to the Kore thread and did some reading. From what I gather the VoIP feature has not been released yet, is that correct? It looks like we'll have an alpha in a few days. That will give us VoIP that is anonymous through Tor. So you need to run your wallet in the Tor network in order to make anonymous calls is what it looks like. Right?
Topic: Will Kore Coin be able to Anon Call Standard Lines? - page 4. (Read 4433 times)
Just curious about the legalities of this coin. My hesitations to invest are based on the fact that it was completely mined in less than a week, 3 days I think was the total. 500 and 1000 block values. The coin may very well be hoarded by Dev members and people lucky enough to hear about it at the launch. Also, people on the Kore main thread are saying the Rich list is not working. I was told by a Dev I do not know what I am talking about here but it states it in their Coin Structure. 60 Second blocks multiplied by the amount of blocks. I could be off by a day for diff adjustment but it was still a very short Proof of Work with Large Block payouts.
The launch happened before functionality was released too. Shouldn't this be a kind of Red Flag? Why do all the Alt coins do this? They must need to pay for Development but there should be an IPO or something more fair to start with.
The other fact I see about the coin is that anyone can download the Wallet and make Free Anon Wallet to Wallet calls. This means there is no need for people to buy the coins and make the price go up creating demand for the coins.
Kore has features of Proof of Burn that they are implementing to create a sort of Anon Wallet Total. I don't really understand how this makes the money anonymous since it will have to be mined later by the wallet in order to use the coins. I don't fully comprehend it since it is not a working feature yet.
Kore also states that they will have Anonymous Calling to Standard Telephone lines from your Kore wallet for a small fee, cheaper than Skype. I don't think this can be done legally. And if Kore pegs its price on this fee the coins will only be worth the translation of less than the cost of Skype vs the dollar amount. If they can make the fee randomly change with the price fluctuation of bitcoin vs the dollar vs kore value then this may not be an issue. But it seems pretty obvious to me, where some of the Devs tell me I don't know what I am talking about in their thread. But they don't answer me that they will take care of this disparity, or tell me how I am wrong. Wouldn't this limit their Market Cap if they charge a flat rate of Kore per call? This rate would have to peg Kore at less than the cost of Skype as suggested by them.
The Devs also give away coins to promote the coin, the Devs must have so many coins that it won't affect them since they are probably staking more than 50 percent of the network anyways. They are currently giving away coins for tweets and retweets. Well if everyone just gets free coins by retweeting and no one buys the coins since you don't need the coins to call anyone Wallet to Wallet, how will value be added to their coin? People buying on speculation will make it rise but only to the extent the holders of the coin allow, back to the initial concern.
Well I have an idea for their Marketing... Once the Calls to Standard Telephone Lines are implemented everyone who makes Telemarketing calls gets free Kore to pay for the Telemarketing, or Kold Kalling. And since Kore can't be mined anymore, we can call the payment Kore Sampling, as a way of payment for the cost of the call on the Kore Standard Telephone Line Network.
Make a script and replay it for each call and tell people about the Anon calling and that they don't even need to buy anything to make it work. Just download the wallet without buying Kore and use the service for free. And after they join in to the TeleMarketing Campaign for Free Kore, they can participate in the giveaway, everyone just gets Free Kore and Free Wallet to Wallet calls. Kore is basically free coins! Everyone will sign up for something Free! If you call people multiple times they may get so pissed off, they investigate and find out that the FCC can't do anything since Kore is Anonymous.
But that is a good question, can the FCC shut down Kore Wallet addresses of, Crank Yankers, abusive users, terrorist threats, or obscene phone calls? The PoP in question for collection of FCC taxes for access to the LEC's will have to be controlled by the FCC. Kore will have to somehow be able to Block a Wallet but the perpetrators could just create another wallet and it is on the Tor Network. This may be a stumbling block.
Kore could even Telemarket to Telemarketers and they will love the Anon features since they could break all the rules and harass people on Cell Phones day and night with shopping offers and vacation giveaways.
I made a little fun at their expense to prove a point. I think it is a legitimate question for all those people seeking to invest in Kore since it can not be mined anymore and has issues that I am not fully clear about.
If someone knows the legalities, let us in on the facts here.
Since Surly,
Crypto Nick
The launch happened before functionality was released too. Shouldn't this be a kind of Red Flag? Why do all the Alt coins do this? They must need to pay for Development but there should be an IPO or something more fair to start with.
The other fact I see about the coin is that anyone can download the Wallet and make Free Anon Wallet to Wallet calls. This means there is no need for people to buy the coins and make the price go up creating demand for the coins.
Kore has features of Proof of Burn that they are implementing to create a sort of Anon Wallet Total. I don't really understand how this makes the money anonymous since it will have to be mined later by the wallet in order to use the coins. I don't fully comprehend it since it is not a working feature yet.
Kore also states that they will have Anonymous Calling to Standard Telephone lines from your Kore wallet for a small fee, cheaper than Skype. I don't think this can be done legally. And if Kore pegs its price on this fee the coins will only be worth the translation of less than the cost of Skype vs the dollar amount. If they can make the fee randomly change with the price fluctuation of bitcoin vs the dollar vs kore value then this may not be an issue. But it seems pretty obvious to me, where some of the Devs tell me I don't know what I am talking about in their thread. But they don't answer me that they will take care of this disparity, or tell me how I am wrong. Wouldn't this limit their Market Cap if they charge a flat rate of Kore per call? This rate would have to peg Kore at less than the cost of Skype as suggested by them.
The Devs also give away coins to promote the coin, the Devs must have so many coins that it won't affect them since they are probably staking more than 50 percent of the network anyways. They are currently giving away coins for tweets and retweets. Well if everyone just gets free coins by retweeting and no one buys the coins since you don't need the coins to call anyone Wallet to Wallet, how will value be added to their coin? People buying on speculation will make it rise but only to the extent the holders of the coin allow, back to the initial concern.
Well I have an idea for their Marketing... Once the Calls to Standard Telephone Lines are implemented everyone who makes Telemarketing calls gets free Kore to pay for the Telemarketing, or Kold Kalling. And since Kore can't be mined anymore, we can call the payment Kore Sampling, as a way of payment for the cost of the call on the Kore Standard Telephone Line Network.
Make a script and replay it for each call and tell people about the Anon calling and that they don't even need to buy anything to make it work. Just download the wallet without buying Kore and use the service for free. And after they join in to the TeleMarketing Campaign for Free Kore, they can participate in the giveaway, everyone just gets Free Kore and Free Wallet to Wallet calls. Kore is basically free coins! Everyone will sign up for something Free! If you call people multiple times they may get so pissed off, they investigate and find out that the FCC can't do anything since Kore is Anonymous.
But that is a good question, can the FCC shut down Kore Wallet addresses of, Crank Yankers, abusive users, terrorist threats, or obscene phone calls? The PoP in question for collection of FCC taxes for access to the LEC's will have to be controlled by the FCC. Kore will have to somehow be able to Block a Wallet but the perpetrators could just create another wallet and it is on the Tor Network. This may be a stumbling block.
Kore could even Telemarket to Telemarketers and they will love the Anon features since they could break all the rules and harass people on Cell Phones day and night with shopping offers and vacation giveaways.
I made a little fun at their expense to prove a point. I think it is a legitimate question for all those people seeking to invest in Kore since it can not be mined anymore and has issues that I am not fully clear about.
If someone knows the legalities, let us in on the facts here.
Since Surly,
Crypto Nick
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