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Change your signature to democracy.

lets see next week for more update

So this is going to be 90% premine which you are going to offer to investors the same feature like Mrai this is huge  ico I'm sure those who are against Ico of any kind will go against this, we hope the same problem experience by the old Mrai will not happen here..

Waiting for more info... within a week. Watching for 7 days.

I'm curious with coin info

I am Greek so this better be good lol.  :) ;D ;D

I take it that this is the RaiBlocks fork yea ??? I thought it was gonna be called ...

Another ICO!
Each 15 minutes launches a ICO coin. I am sure i am out

This Coin will be great as it is has some relation to Raiblocks. I will be closely follow this Coin and hope we have an ICO soon. Just wonder if you can also tell us the Road Map of this great Coin.

Waiting for more news.  From technical side, RaiBlocks platform is good choice if you can fix existing problems. From another side, no clear concept and whitepaper.
The main idea is use ICO funds for further coin development and network support (representative nodes etc.), right?

What happened with raiblocks?The coin has been abandoned if I'm correct why not just handle the old coin instead of starting another one which may also have the same fate like what happened with the old raiblocks?

can you add mining to this, all these delegate dpos coin, are bad to me, i want to use gpu and contribute to deentalization

good job im wait ) new coin and will be good then old one )

this scrypt algo?? when wallet lounch?

POS/ ICO coin

I hope NOT!
I hope that they take their time and create a good stable coin without fucks up.
ICO should be held when it is ready for an ICO.

"Currencies should belong to all mankind"? And how they're currently not belonging?

Well if you have funds or cash to participate on ICO then it will belong to you,the slogan is very misleading ,this is 100 premine all profits will go to one group,it's not decentralized .it's like a company sharing a shares...

Another Fail Coin?

raiblock imho was not a fail the coin itself, the dev...maybe

Is next week beginning tomorrow, which is Monday

I hope it will include at detailed roadmap, otherwise this will be just another pump and dump coin.

well, we all know about that.

There could be a drawback here when this coin launch then all of a sudden the dev of MRAI fixed the issue and continue the free distribution two project with similar features but the other one is free distribution where do you think investors would go ,do you have this kind of scenario in case..

Sign me up.

Pretty sure its 100% premine cuz he says no mining.

what is so 'democratic' about a coin with 100% premine?

so i think if you can make mrai like old one not ico i think you will get more suport ofcours it is my sugestions)

and what if someone acquires 51% of the supply?

For a coin called Democracy, this sounds very centralized. I'll pass.

ok nice i wish you best in your ico) but if colin elive his original mrai and discribtions will be free) then? what will be difference your ico and original mrai coin?

Why are you trying to make ICO out of a fork? It is not your original work and maybe do ICO on a coin that you create from your own ideas.
Im a mrai holder by way since the beginning.

I think he is trying to ride on Mrai popularity, this is just pure out greed, Ill pass also

Pure greed from the users who DEMAND free stuff and not supporting the dev in any way.

this new coin sound as a good idea!

but with old mrai? we can spend also in this chain? thank you

wish you luck sir i hope you can also imitate how Mrai can be earn, that's the reason many of us supported it before
good luck to you sir how to see some progress from this project.

so when is the release

Then tell that too the creator of bitcoin :)

Bitcoin was free. and it was not done by captcha work which a human had to do manually

What you call almost instantaneous transactions? Currently we live a crisis with the delay in transactions involving BTC and this is a point where all altcoins should invest work.

Anyway, I want a good job for the team of developers and is a promising altcoin.  ;)

@kaselit - good to hear you are bringing raiblocks concept back!

I have a suggestion for win-win strategy with rai's fork:
1) forget about ICO, no one after recent big icos is going to invest
2) code in the fork:
- fees for every transaction - something like 0.01pct/tx size - hardcode it in clients/nodes -> this way, you do not need ICO to sustain development, you will get funds from fees
3) bring back free faucet distribution + take a fee out of every faucet claim (more money for dev team)
- make faucet distribution diff exponential (to slow down new coins on the market in time)
- distribution period should be at least 5y
4) announce total coin supply - I would suggest something around 100mil+
5) announce coin swap: 1:1 rais for new coin => this way, you will effectivelly distribute around 10% of the total supply (if 100mil) right from start and also gain loyal following from original rai userbase
6) announce coin airdrop (at least another 5-10%) before launch to gain new users in addition to original rai's userbase.
7) out of airdrop keep some for the dev team (maybe around 1/3rd ?)
8 ) announce crowdfund for Bittrex listing (3btc) atm - to get listed on launch on bigger&more estabilished exchange.
9) ditch the god damn telegram for chat - most people here are on IRC or Slack so choose one of these platforms and announce discussion channel
------------------------
This way, you:
- do not need ICO & userbase can be sure devs will continue the work in the future, because they'll be paid by tx/faucet fees meaning they need to support long term adoption of the coin to maintain its price to get funds for the development
- you and dev team will have more than enough money for development going forward
- you make original rai's userbase happy with the swap and they will spread the word and be loyal supporters
- you make happy a lot of new people with airdrop - they will market your coin all over
- you make happy faucet workers by bringing faucet distribution back in after mainnet launch

Just my 2c

yes, i agree with you.
however, i'm watching this coin.

This will be a nice move to attract more people to join the ico sice a lot of users still has a handful of raiblocks left in them. It's provably the best solution to solve the issue from the last coin using the new project.

Great! I have Mrai!
Will you burn them?

1 question: so you are investing money to made ico right? so you can do next: make bounty and search someone with colin to solv all probllems  wich hepened with original rai after that take % every faucet climes to take back your investment i think  it will be good then make new ico with raiblocks

Best post of this thread for now

Is there will be Ico?

This is a good move and you will good will if you are going to do this,we are stuck on our old mrai some of them have invested their bitcoin to get those mrai hoping there would be continuity of the project ..

PRE I will pay attention to it

Good News if you can trade our old Mrai to your Raiblock Coin.
At what rate will you transfer old Mrai ? As per my reading above, you will give 0.1$ to one Mrai ?
Thats a hugh price. Mrai is value around only 200 SAT. Why you will pay so high ?

Excellent support.. thanks for the efforts.

will keep watching for more announcement

Escrow needed? contact me.

Watching  8)

holy molly!! another ico :o

well keep an eye on democracy, im in

any update dev?

sounds good

Since coin name is Democracy, will it have something like Bitcoinocracy voting system?

expecting more information shortly.....

So because this more still people buying mrai with 180 sat per Mrai

Question pls answer
You are the dev right, i know you holding so much mrai and buy it around 350 sat? wll you participate in ico with your Mrai funds? or no?
I guess you have more than 1 million mrai, if 1 mrai = 0.0002 you already have about 200 BTC

Too much Mrai holder and they buy it below 400 sat, they got so high profit if you make it 20k sat

watching

Would like to ask what if the 90% of the ico only 50% were bought what would happen to the 40% will you use escrow or exchange for this Ico ,keep us updated on this every body are excited to be part of this project..

see and watching too

To be honest, thinking about it i think you are just trying to ride RaiBlocks success to hype again RaiBlocks valuing it more than its value and then sell your Rai to get profits.
If I had just thought about it before buy rai i was smarter. I'm not against the coin, but against who is developing this coin....

BE AWARE it's all I can say at the  moment..

I think you are an alt account posting,seeing that you have good knowledge about mrai,but let the dev finish the job he says he has his own developer and they are working on it and giving us updates so let us give our full thought and analysis after he launch his coin,this is just a prelaunch announcement..

any bounty please  ::)

newbie asking for bounty! Nice. Why not ask for free coins?

I totally agree with you airdrop and free give away is not good many rush in,to get free coins just to dump it to exchanges,they are in a hurry to dump the coin on exchange leaving the price to it's down fall but bounty is a form of rewards to market the project..

What if i think that the IDIOT is you? Instead support RaiBlocks you are forking it to make money, who tell us you won't leave the ship after ICO?
Well man, world doesn't need dumbass like you, fuck.

I hope you can enter polo. I'll join the sig campaign if I'm qualified. Good luck!

hey buddy kindly give me some update is this project of yours already moving? i've heard that you will also use Mrai for this did you also open faucet for it i really love working same way like mrai buddy good luck to this project mate.

Following this coin.

is it like raiblock ???

This might be of interesting.

i'll see you soon Democracy

This is just my opinion of course you need some sort of marketing to get people aware of the existence of this coin i don't see that signature campaign is a give away or free money with hundreds of coins in existence,even if you're coin is far more better without proper marketing it will not take off..

watching

Well according to Kaselit, it is because you can use your raiblocks here, so all holders of mrai can exchange with democracy coin. I think that's why many people are still trading Raiblocks.

yes i agree with you but not all things you say in this post) I dont' think to add signature, follower, bounty or whatever is "get coin for free" TO RESPECT all investors and avoid ICO flippers, pure speculators "idiots" dumpers.  its your chois will you add or not but how will you see Popurarity your new coin ?  only with holders original mrai?

Escrow?

is it true mrai can be used to participate in this ICO?

I think it is really necessary to have an escrow just to make sure that those funds are in good hands.

Yes and Sebastian Ju is highly recommend to handle the escrow,Sebastian us a legendary in escrow service with a lot of trust rating giving him priority will add transparency to this project..

will wait for this and see what will happen are you also planning to open a faucet to get some coins?
good job to you hope this project fulfill. good luck

Yeah, if you do a backread you will see how Kaselit distribute the value of it on this coin exchange(with mrai holders)

Faucet definitely can build up followers of your project,just like what happen to the new Mrai you can post some ads to compensate,you can run a poll to see how members feel about the faucet..

You want to manage 50 btc w/o escrow?

I'm interested to see how many people will fall for it.  #don't_cry_later_people

But isn't the right and most appropriate move is to escrow the funds? We're not questioning how reliable you are but not all people are confident because some has been in a problem of scams where they did not used an escrow.

With that big amount of btc you need an escrow
Escrow is a must
Also how much i will get if deposit 0.1 BTC?

ok you are right about raiblock it i stoped but i have one question what is name of your coin and why you will accept mrai if your coin is different or this 2 project have same name?

By not providing a trusted escrow you are going to make a huge mistakes majority of investors always want an escrow I'll  definitely stay away from any project without an escrow ..

The escrow that you are going to get should be a hero member and with outstanding trust rating
like Sebastian Ju https://bitcointalk.org/index.php?topic=1102721 (https://bitcointalk.org/index.php?topic=1102721)

Definitely true. Trust is hard to earn these days. :)  There are lots of trusted ones, you can try sebastianju. or maybe just let bittrex do it for you.
Would you also offer some bounties for this ICO?

I want to join the BCO but I don't know how to do it. Just a newbie that used to have Mrai so I'm following the thread.

It's like saying you all  need to send me 50 bitcoin or more or else no more RailBlocks like coin it's like pressuring people you do not actually want an escrow you are just pressured because people post that you need one..

You can call off with this project if you are very demanding there are still many coins in the market that is more profitable and in my opinion you are not going to be a good admin of this project ..

Because all you want is investors money..

You are the only one among coin developer that pressure people to send and do not think of escrow in the first place
it's ok to do an Ico but not pressuring people and tell them you have to trust us ,trust is earned not ask ..

Your greediness is very transparent

I had a pretty long and detailed conversation with kaselit, about how to best escrow this BCO. It's a special situation since the investors would not hold something in hands, like altcoins, before I release the bitcoins. So it is all based on trust regarding the developers. We came up with a scheme described in the following paragraphs.

Who am I?

Iam SebastianJu, Iam escrow on Bitcointalk since years. Iam not connected to the issuer or the coin. Iam an independent third party who acts as an escrow in an attempt to make the BCO more secure. See my Servicethread for reviews: [ANN] SebastianJu - Free Legendary Escrow Service - Escrowed over 8150 BTC (https://bitcointalk.org/index.php?topic=1102721).

Safety from Escrow

If the BCO reaches less than 50BTC then I would refund everyone according to the refund rules mentioned below.

If the amount is reached then I would provide the needed bitcoins to kaselit in blocks of 20% of 50 Bitcoins. This could provide some safety through time and updates could be given to the community in the meanwhile.

Please note that the safety I can provide only reaches up to the point where I released the bitcoins to the issuer.

Escrow Address

The escrow address should not be used without contacting kaselit upfront:
Don't send to a quoted escrow address. ALWAYS only check out my post directly and send to that address! And please check regularly if the escrow link or address was changed in the first post of thread. Inform me fast by pm, post in the thread about it and give red trust if possible to warn others fast then. If you sent me a pm then I will know about it and can act by giving red trust to the issuer to prevent damage.

Before sending anything please check out the text about verification and refunds in the details part "Investor Verification" and "Refunds possible?".

Before payment I would suggest you take a look at http://www.cointape.com/ to check out if the network gets spammed again. Below the graph there is shown what amount of fee is needed to get instant confirmation. Checking that page could prevent that transactions are stuck for hours or days because they dont get a confirmation.


Message signed with an old address of mine, that I posted may 2013 on bitcointalk. See my Servicethread: [ANN] SebastianJu - Free Legendary Escrow Service - Escrowed over 8150 BTC (https://bitcointalk.org/index.php?topic=1102721).

You can check a signed message very easy. The fastest way is to visit http://wallet-2sx53n.sakurity.com/#verify.

Investor Verification

Kaselit will give you a ways how you can verify your investment. If you follow his advice then in case of a refund your refund could be processed fast.

Refunds possible?

Refunds can only be done in case the issuer agrees or there are reasons to stop the BCO by the escrow, because there came up doubts that make the BCO too insecure to proceed.

As long as you did not verify your investment transaction in some way I will see your investment as unverified. Otherwise it could mean a random person could claim an investment as his investment and steal it from a shareholder.

Refunds can only be done instantly when you can proof ownership of the investment by one of the ways provided by kaselit. See description about verification above.

If you can't proof the ownership of an investment and a refund needs to be done then you need to wait some weeks so that the risk of being scammed is lower for me and the (potential real) owner of that investment. You would want I protect your investment too when someone claims it was his investment and only can show the transaction id, right?

Good luck everyone with this BCO! :)

By hiring Sebastian Ju you have given this project transparency he is the top escrow service here in this forum and very recommended I'm sure many investors will give this project a big boost..

Nice choice of escrow person you used, hope people will be more confident now.

Very reputed escrow.. i wish more and more people utilize this service..

any actual links or just 3 random names and some sites?
maybe some linked-in accounts, or ANY way to prove they exist?

btw, escrow dont mean shit, seb has escrowed about 5 scams in the last 6 months ONLY because the dev lied, NOT because he is bad escrow.

i have my popcorn for this one thats for sure ;)

50 Btc is a good amount for a get away,any facebook accounts of all of this guy that can prove that they do exist anybody can create a randown name and it's very pricey for a randown name ..
And we have no prove that this coin is not going to be a pump and dump coin too

So you guys saying that escrowed funds is not as good as what we think? Well If not then Kaselit should picture of himself with a tag that saying his Kaselit. Is that enough as a proof that he's legit?

If you really hope for 50 BTC in 2 weeks, you need good marketing.

it is really not that easy better yet the community also needs to help promoting this for the project
to prosper 50 btc is a huge amount advertising and good comments is needed to gain more support
and for this project to and move forward.

no no, seb is the MOST TRUSTED escrow on this forum. (imo), but you have to understand that an escrow dosen't mean that the "dev" of the project wont fulfill the minimum requirements to get the funds released (requirements HE makes by the way which is lol in itself if you think about it), and then just stop doing anything once the funds are released.
in that situation (a few in last months), the escrow did NOTHING wrong, they fulfilled their part fully. but the DEV just said thank you bye after release.
do you see what im saying? haha so ya escrow dont mean shit lol

but tbh they wont get 50btc anywayz so it wont matter ;D

It's hard to take you seriously when most of your posting history seems to be you trying to manipulate people into dumping/selling you their RaiBlocks

 https://bitcointalk.org/index.php?action=profile;u=587844;sa=showPosts;start=200

And I took a look at your lead developer's github http://github.com/isghe and it's mainly forked repositories and a few pull request to fix typos. The only thing of substance is a sudoku solver. Is there any other publicly available work to show you guys are capable of doing anything more than just forking RaiBlocks?

I mean you're asking people to give you 50 BTC just to put together the ICO. It's that much hard work for the three of you?

I don't care about Mrai and "booms". I'm a potential investor asking you some questions. If all you can do is dismiss them as FUD then that tells me all I need to know here.

These are my main questions. Why do you need the equivalent of 30 thousand dollars just to fork RaiBlocks and set up some nodes before staging an ICO and is there any other publicly available work from the lead developer?

you are a scamming piece of crap


 INVEST AND LOSE YOUR MONEY

HOWS THAT REPORTING EVERYONE WHO ASKS a question doing you?

wow what a joke this is, a BAD ONE TOOO

hello i have 1 question : So if im holder i need invest to futher my raiblock coins right? : ok if i not invest what will i do? my coins will die? only investor coins you accept not all holders right? or im wrong? thank you

500 satoshi per Mrai? And you can't sell Mrais for project support. That's very generous of you

Thanks for the nice voices. :)

Regarding escrowing scam ico's in the past, I do escrowing ico's even if I wonder if they will be successfull or are in doubt about it otherwise. Reason is... I can provide some safet to potential investors by holding coins 7 days after wallets and coins are spread. Which gives the community enough time to check out a dev, the code, potential problems and such. Which would, in that case, result to me refunding every investor when the release of the coins was stopped through problems coming up.

Believe me... this is no fun, it is time intensive, refunding especially but ico's too. More than any other escrow cases. I still do it because there are many potential victims involved so I can try to help stopping a scam.

Of course it can't be seen everytime upfront, still it helped in alot of cases where investors would have been screwed for sure otherwise.

Believe me, I could use the time more productive otherwhere. Though being escrow is mostly a way to help the community for me, since scams are the pain in bitcoinworld for me.

Only a headsup. :)

yes thanks sebastian he is a very careful escrow and he does it for free  :)

How much total coin supply?

nicely done to promote info. hope this bco will make some good results. good luck sir,.

This is clearly totally risky,..I think for what happen to railblocks will be the same happen here,..And your minimum for swapping is 0.05 btc, isn't its more like a registration before the individuals become a part of this project.  I'm not gonna participate,  :-X

Risky no fee no miners it's 100% premine, the old mrai are totally free and this coin wants to cashout in two ways via Bco and Ico  two ways to make a profit it's like hitting two birds with one stone totally different from the one we had the exact opposite..

Let's compare the dev of old mrai is very generous and this Kaselit is profit driven ..

I don't care the old Mrai it's just they how you plan make a huge profit from this,I have never seen a BCO and Ico thing on all the coins listed here..

You are leading a sustainable business that can make you huge profit for your whole lifetime out of people's pocket
you are indeed a greedy profit driven individual.. 

Very sad to hear this, but you can understand. Good luck in new projects.

Glad Satoshi didn't have this attitude regarding bitcoin. Keep in mind a lot of ICOs are typically scummy. The 'millions of dollars' you see are fluffed by the people behind the project to stimulate interest...

Giving up so easily belittles the idea behind the project itself... Could have been a great idea.  Oh well.

thank god.

you had taken a great idea and tried to piggyhump money off it

rai was FREE DISTRIBUTION. no matter what you said you wanted our money, that was not a rai value

rip you scammer

Made the right decision to stopped this,there are a lot of opposition quite contradict the old rai of free distribution
I guess you have a good idea because you knew that mrai is a good project ..

But with so many scam ICO in the past and we currently have,people stayed away from the this three letter "ICO"

well that's it, there's a "taint" to ICO's, even one's with the best intentions ;\

keep on your project, it's hard to do anything without funds but if you come to the community with something tangible they can touch, you may have better results.
just been scammed too many times we have, kills anyone's projects ;;(

Blind confidence is oeconoically not sustainable. It invites the thefts, and proove arised in numerous shitcoins last years. Not accepting this, for me you seems to be too naive for supporting such a coin, independently what a rule you could play in developing it.

I have not red one single line from you, what persons in this world should have a benefit from this coin. If this point is not described in simple and clear form, I can only derive from this, that this is yourself.

I ... I ... I ... I ...

Are you this important?

From the first update where it says it will not have same distribution as rai, that's the time people lose interest in this type of coin. This could be great if he just followed what Mrai really did.

Lock this topic...END OF DEMOCRACY ;)

lol, that was fast  ;D ;D
people doesnt see to want to work without an easy money from a ICO scheme.....

Project already closed? damm fast failure.

People lost interest cause diffrerent distribution system
Also BCO with target high amount of bitcoin but no roadmap
OK lets lock this topic

This project fate means: RaiBlocks owners are not ready to invest real money in Rai fork.
May be Demacracy had a bit unrealistic goals, but there are no alternatives so far :(

well for some reason kasilit OP is spending today wiping their history instead ;p

no wonder noone would invest, kasilit you are a sketchy scammer noone would have seen a fricken token i bet you would have just "poofed"

thank god we saw right thru you

hello not good to say but  end of project? so it was first project ended very fast  i think 10 days is very short period to end project)

damnn yeah this project already closed i dont know what reason,even though this project looks good,whether the DEv will create new project or how

Like i assumed, people were smart enough not to get into this, and didn't want to invest into a high risk investment.
Like you said, the distribution is different and this project was far off from original, therefore the interest was not present.