You might be interested as to why I said 7M coins while the graph only shows ~3M.
Traincoin will have a 50% premine of which 48% will be used to distribute to the citizens of Cape Town, South Africa!
Maildrop:The coins will be mail dropped 60 days after the launch of this coin (a few days after the block subsidy hits baseline, which makes this an interesting ride!). We will try to reach everyone in the whole of Cape Town via their postbox. 1% of the premine will go towards covering these costs (this includes leaflets and flyers that will be handed out where-ever possible). Another 1% of this premine will go towards bounties and giveaways. (Note: This will have a transparent public ledger. There is in total a 50% premine. We will be getting designers on board to design paper wallets and the leaflets/brochures/video for a big market push. The mail that will be dropped will go through SAPO (South African Post Office). As said, the cost will be covered by the premine. Things included in the letter will be the address with assigned private key. The address will most likely contain just 1 XTN. It will also cover the basis on how to use the client, and how to use the android app (There is a bounty available for this). If you are a designer/artist interested in getting involved, please let us know. You will get a bounty for your effort. More details to follow soon.
You are fucking kidding us right?
Another mail drop scam?
Whats to stop you from delivering 40% and keeping the rest? or 30%? or 20%?
How will we know exactly how much was actually delivered to these people?
This is obviously discounting the retardation of the entire concept of mailing paper wallets with crypto to a large population of non technically savvy people.
I just, I don't even. I've never really been so far even as decided to use even go want to do look more like?
Every coin will be given out to the people of Cape Town. Paper wallets will be handed with the simplest of instructions. We will post pictures of preparation before the mail drop, if that helps. This is not one of noob scams just for a few coins. We will keep things transparent.
Right, anyone can say "we will keep things transparent" but it doesn't mean you CAN or you WILL.
You are basically saying "hey, just trust us with this money".
Which is something we need to stop doing.Encouraging people to put their trust in anonymous entities is doing the cryptocurrency community a disservice.Again, even if you "hand out" paper wallets to these people, how many of them are actually going to use those paper wallets? How many are just going to throw them in the trash?
If they use the paper wallets, what are they actually going to do with them?
How many of these people actually have computers?
Do you live in Cape Town? Is that why you want to hand them out there?
Can you verify that the people "handing out the paper wallets" are not handing out one to the people and one to their own wallets?
If you are 250,000 miles away in another country, whats to stop those people from keeping half of all the paper wallets for themselves?
NOTHINGThese are all glaring holes in security/logic that you have not addressed.Where is the whitepaper? Where is the accountability? Where is the transparency?You just got an idea one night "hey ill make my own cryptocurrency" but haven't put any real thought into it?
If you have, well you have underestimated the stupidity of the community or overestimated your own intelligence.
Don't just say "don't worry, we will make this work".
You are trying to make a world-wide currency, try making it look like you put some thought into this.
