Bitcoin Forum

US-dollar supported coin
*** Project is on the ice, until there is more interest about this kind of coin ***

reserved

addnode=24.237.35.104

wordpress website, poor english.. sorry doesnt look very professional.  Then the fact you are trying to make a centralised currency that would be no advantage over paypal etc.

I downloaded without reading and tried to set up mining. Read the OP and realised that this not for mining.

Lets see how this goes.

25iBa2bN1LuLtGu8MgVL9LHnudSy1Pupub

25PiayvMYLE2ozCk59H9fpPVdpJMQUHuA6

thankyou

I thought dolar is the currency we are fighting against.  ;D

"Each coin holding one US-dollar deposed in the bank or other USD based account/safe.
For that reason, cryptoDOLLAR exchange value is all the time equal with the US-dollar."

"Premine: 100%
Total minted: 2,000,000,000"


So you have 2,000,000,000 USD in your bank account to back that up?

Cool: 28UutUaKWA88yuy1H9urQa2ihewcSkLUkh

The advantage would be no fees, and no 3rd party having control over your money and what transactions you can/can't perform.


But all crypto's have that advantage anyway.

Premine: 100%??

Quick question, how are you moving these coins around, with no miners, there, genius?
So, the value is never more than $1. So, this coin has no appeal to miners, or traders. Great job. Idiot

halibit

You shouldn't create the fixed amount of currency. You must create & sell new coins or buy & destroy a part of existent coins only when it will be required by economy, to maintain the balance between supply and demand (i.e. act like any Central Bank). That's why your model is broken by design and doomed to fail. The real fiat currency should provide runtime money emission/destruction control. Otherwise it is nothing more than another fork with strange parameters.

P.S. Looks like someone should be forced to buy textbooks.

rJya1iJKWyKCpYFGQoA9NK8ogA7xg5n77

Is this coin endorsed by Jayzis? I don't think he would want anything to do with this.

this sounds pointless.
I could transfer ~0.01 btc if i wanted to transfer a dollar.

How could it be trusted?
How do you make your coins valuable that much?
Be realistic.

Well, no you can't. If you trade your alcoins to USD, you can't send it anywhere exept in your bank etc USD account.
Altcoins and btc are not stable. This is not problem with 0.01btc, but even in minutes you can loss hundreds if you transfer 10btc.
Of course, you may win too, but then it is trading, and if I sell something, I don't want to quess how much I will get.

Value will be created with the deposed US-dollar.
If you buy cryptoDOLLAR, it will cost 1 USD and that 1 US-dollar will deposed on safe and never used.
But if cryptomarket crash, or no one don't want to trade cD anymore, you will get that deposed dollar back. I think cryptoDOLLAR realistic value is then 1 usd.

I collect all wallet address and will send test coins.
Be patient, I still run some perform test.

Well, lets see. Traders buy coins, in hopes to trade them for more then they paid for them, for profit....

price evaluation takes atleast a day whereas you can transfer bitcoins in a like 10 minutes or so

Yes, same like they do when buying direct US dollars, but they can send cD between any server where it can trade.
So first of all, this coin need exchange servers. Welcome to project if you want to. There is still few job to do :)

thanks

so its not mined at all?
------------------------------

You welcome. I will send your cD coin after few test.
Wallet will be updated to the next version too.

No mining. All coins are already mined.
Mining gives only 0 blocks. So there is no reason for mining.
All Coins are out of the market. Coin will be released on the market only when some one buy it. coin will cost 1 USD.
This 1 USD will deposed in safe. This is why coin have 1 USD value all the time.
cD coin is virtual USD, but coin owner will get 1 "real" USD in any situation.
Coin can sell on the market, or even if there is no market anymore, it can sell back to us.
We will buy it with the 1 US dollar. (Excluding exchange fee. See topic)

  26x63KQGS2r7g21eAnf7JDQmNyHD3v6Btm

  Thanks a lot

Kingdom of Jesus?! Whats that about? No religious stuff please!

okR1T79sHAH8JhaQ2Fahf28gJniZp1f1o
21G6apwzVDeAqyq62ZNNS8jNJxeB1SqB2M
w8RSZTA6A1LDor4i4CN1EgpVQJ7HMLH6p
vus8zDrmbAcYhPfckbThAGP94B6DWxvCs

such a variety of addresses :|,  oh well one the above if theres a giveaway ;D

Yeah, also saw that and skipped...

The Brits and Canucks tried something like this years ago with United Kingdom Britcoin (UKB) and Canadian Digital Notes (CDN) (http://galaxies.mygamesonline.org/plotcdn.html) respectively.

One big problem turned out to be that the transaction fees were not sufficient to motivate enough miners to secure the blockchains with enough hashing power to make them even marginally secure against 51% attack.

That problem was temporarily band-aided or splinted by moving away from blockchain format temporarily until such time as the transaction volumes make transaction fees look attractive to Massively Merged miners and Massively Merged Mining matures to a point where being merged mined might reasonably be hoped to secure the chains. The over a year now wait for ASICs has extended the duration of that "temporary" move because of course the people most interested/motivated to secure the chains did not want to invest in mining rigs that were, for a year or so or more, about to be obsoleted in "two weeks" by Butterfly Labs ASICS.

Hopefully once top of the line 28nm or better ASICs are widely available off the shelf on a same day shipping basis the interested parties will be able to deploy mining gear and move back to blockchain format as merged mined coins.

Another big problem turned out to be the cap on the number of coins, since they followed the tradition of bitcoin, (100%-pre)mining only 21,000,000 coins.

Trying to keep the price of UKB at GBP parity and the price of CDN at CAD parity resulted in the Brits and Canucks selling off their coins cheap (that is to say, at parity with the fiat) in their attempts to prevent their coins from going way the heck up higher in price than mere parity. The Martians seem to have been the main beneficiaries of that Brit and Canuck largess, because the Martians did not throw away their coins (Martian BotCoins (http://galaxies.mygamesonline.org/plotmbc.html)) cheap in attempts to keep their coin at some arbitrary low value trying to keep it at parity with some variety of fiat. The Martians happily allowed their coin to go up and up in value, buying up UKB and CDN cheap (as in, at or close to parity with the corresponding fiat), until eventually the Brits and Canucks abandoned their attempts at suppressing the value of their coins.

http://galaxies.mygamesonline.org/digitalisassets.html

-MarkM-

If it's well operated & trusted by people for some time, the value will exceed 1 Dollar, and you don't have enough reserve to keep the price at 1$. What you will do? Fork more so-called cD-2, cD-3?

Attach to the USD is not a good thing. You might forget the famous Liberty Reserve. Or you are a child not knowing it.

https://bitcointalk.org/index.php?topic=288097.new#new

: D

Yes.

da fuq?

So let me get this straight.

No one will mine this coin as there are no coins left to be minted - so how do you secure the network?

You have pre-mined 2,000,000,000 coins which you will sell for US$1 each. So basically you are trying to sell a brand new centralised coin (with no current value) for $1 each. Good luck.

How could this possibly work? What security is there on the value of the coin?

28BVghoCJaAsYnv7uLDqWLKEtwWUTk4d2z

Probably a false positive but total virus shows a slight chance that the wallet is a trojan, though I really doubt it. Either way, not really interested in this just thought it was an interesting concept though. Good luck trying to sell people on it though.
Also, a good way to secure the network could be proof of stake ;) with a 0% reward and coin age of 1 day required to start lol.

United Kingdom of Jesus...

http://gagz.pl/images/ug/60fd5c9dc150771d9573b775bd316682_1325806541.jpg

About trojan, do total virus name on it? I have no any alert, but I will check that too.

Thanks for the secure tips. You are welcome to team if you like to levelop it with us.
I know this version is open in many way, so I can see how network acting.
Then it will need protec more.

I see one possible issue with transparency. Is there any publicly accessible (at least read only) bank account where we can check if you really deposited all the USD what you got, or we have to believe in what you will tell us ::)?

Yes. Accounts balance that I will use, can see online.

+1

hmm sounds interesting...

send some coins when you get a chance, thanks in advance.

28GBrjrp9SedELiW4BMNbg3ZDM4CH6Z7ny

I will

This.

how does this qualify as a crypto if it's centralized and cannot be mined?

Why not? Fiat cryptocurrency with the centralized emission is possible. But this project can't be qualified as the currency, because it has no authority as the replacement for removed emission model. It has no heart.

As Carlin said : "...talk about a good bullshit story..holy shit! "

Nice idea!
Give me some real dollars, then believe that i will keep them in some safe, and when you ask them back - i will give you something (perhaps not real dollars)  ;D

If you want to hold deposits, it's fine for me.
Of course you need to give it back to me, if there is no more market, where I can trade it, with value of the 1 usd.
So, at least I need to know who you are. My company and owners are not hidden, as you see on the topic.

Actually I think/hope holders will be exchange providers or shareholders group or other well trusted.
If you have good idea, I'm open for that.

How about, can you see any good point for stable crypto currency?

It's not a currency or cryptocurrency. And of course, this "currency" can't be stable by design.

I undestand you point, but think about that.
If you buy one cD witht the price of the 1 usd. (just think about it).
If there is place where you can any time get 1 usd with your cD coin, You dont sell it 1 usd on the exchange market, right?
... How come cD is not stable?

Sorry typo, keyboard batterys :)
Corrected versio:

I understand you point, but think about that.
If you buy one cD with the price of the 1 usd. (just think about it).
If there is place where you can any time get 1 usd with your cD coin, You dont sell it under 1 usd on the exchange market, right?
... How come cD is not stable?

i wouldn't call usd stable given the economy

Agree, but for some reason all want it :)

2A2kcrVzaKZTMk2gYczuHFU5DNA5LSQawn

Thanks

You welcome.

If any one else want to tiny amount cD coins, leave note here.
I will collect all requests, and will send coins after new wallet version is ready.

Just for note.
beta version main nodes will go down now.
If some one sharing nodes, it will be alive, but new version will not work with beta wallet.

Thank you for all of you, network is tested well, and we can compile secured version.
If there is any "hackers", I hope you will audit new version, please.
Just wait about few days.

lol
I see, it is fine to you to hold deposits 8)
What about interest rate on them?  ;)

It's great if we can get deposit accounts where cryptoDOLLAR shareholders can get interest rate.
Be noted, I will not keep deposits and profits by my self. I will offer cryptoDOLLAR shares (and profits) for every business partners.

On the "Which coin would you like to see on PhenixEx? (https://bitcointalk.org/index.php?topic=285906.0)" POLL, these are the new coins you can vote for!

[SIC] - SIFCoin
[BFC] - ButterflyCoin
[BAC] - BaseCoin
[MPL] - Maples
[cD] - CryptoDollar

Did you vote (https://bitcointalk.org/index.php?topic=285906.0) for your favorite coin(s) already?

Give away cD coins.

I will send 2.00 cD for each one who ask that before, but please tell me your new wallet address replying for this post, so I can be sure you will got it.

sumantso +2.00 cD
angie +2.00 cD
noelmal +2.00 cD
thcst8 +2.00 cD
cargofe +2.00 cD
digit +2.00 cD
loveys +2.00 cD
11danman11 +2.00 cD
huahua520 +2.00 cD

Tell me if I miss your name from the list.

So, wallet is ready, and new website will be ready on the next week.
Don't loose your coins. You can sell it in any time on the cryptodollarcoin.com website, with the price of 1cd=1USD - safe deposit exchange fee.
And when we get cD on the market place, you will get whole 1USD for each cD coin you have.

32 cD are still left for give away...
If any one else want some cD coins for testing, list your wallet address here.

Here's my new wallet address

y8HwMajiYHJgRRnKz7FWqAd2EYNAGrTVc

Sent 2.00cD

Do you have 1999999998.00 REAL USD to back up the minting of those 1999999998.00 other Cryptodollars?
Either you are a retard that went heads on w.o a flashlight into a pitch black alley or you are looking for retards that firmly belive that each one of your 200000000.00 cryptodollars are in fact worth 1 USD/each.
Why did you not register a proper firm i mean a UK based LTD company is like mjeeh-fuck-it...

Btw i like your "disclaimer":
Third party risk claimer:
 In situation when bank or any other third party deposit holder company get bankrupt, steal or make any other crime or other way loose deposit, or if you lose your property's your self, we can not take responsibility for any losses of that.

So if your LTD even steals the deposits - well its was in the disclaimer.. :-*

So bottom line is that you want us to trust you mr-random-guy-from-the-interwebs to hold our 200000000 USD cause your such a legit guy and have a LTD registered ::)
Dude go back to writing Nigeria letters or wtf you did prior to this..
If this coin EVER hit a exchange i will mount a action cam on my head and jump live from the Eiffel tower!

Well, let see what markets will say. It's not up to me..
Actually it's same to me if exchange providers keep deposet usd in they own account.
Waiting your jump  ;D

Mining is other think. One point why I made cryptodollar is, all exchange providers can offer coin vs usd trade.
cD is more like ripple, but not exactly.

I dont think any exchange is willing to BUY cryptodollars from you and hold them for their potential customers to maybe buy them from the exchange in the future, how do you gonna distribute cryptodollar to the exchanges when there is no liquidity for the cryptodollars before someone pays for them?
Who will hold all deposited real dollars and where? Your personal bank account or your LTD companys bank account (that practically makes it your own bank account anyway).
Why would they use cryptoDollars when they might keep on to use Bitcoin as they are atm.
I dont know if you see your logic bumps and fails yourself, maybe your mother called you "special" as a kid, i can only speculate.
And with how the economy is looking - who is interested in holding USD long term, America was almost going bankrupt a few months ago in case you did not notice, why do you think people want Bitcoin!?

Sweet so mine should be very valuable LOL  ;D

Note for nicknames:
sumantso
angie
noelmal
thcst8
cargofe
digit
loveys
11danman11
huahua520

Download new wallet and tell you wallet address and I will send 2 cryptoDOLLAR in your account.

Still some giveaway coins left.
cryptoDOLLAR coin is 1 usd worthy.
(Details, see topic info)

So a exchange can both mint the cryptoDollar AND hold the dollar deposited, no way such system can be abused.. btw i like your idea with a Swiss number account, seems totally legit to me ::)

I hate to bump this back to the top, but this is probably the most utterly, screaming of scam, retarded concept ever. 

How come this is scam?
If you read, you will find I don't even want to keep deposed usd by my self.
So, if I don't keep usd and I don't release cD on the market untill it is covered with usd, how this is scam?

Give me more about what you mean. Not just "retarded concept ever" , so we can talk about it.
If you see there is some point we can do different way, tell me and we can learn from you.

Well, exchange already holding your dollars and altcoins anyway.
Best account may have where no one can't withdraw by self (need several holders sign) and minting/buy back are automatic transfer.
This is not problem when there is some money,  but we need to start more simple.

Can you please provide us some proof that the already minted cryptoDollars exists and are properly deposited on a account ::)
Dude this is such a retarded project only you fail to see how stupid it is, or pretend to not see how stupid it is.
"Sorry guys i dont want to hold you 2 billion USD, i let my Swiss number account do it instead, its safe and i will never scam you i promise".
If you need a multiple account where several people have to sign to withdraw, how in detail did you think you should manage automatic transfers och withdraws?
Btw since you are from Finland this should according to Finnish regulations be considered banking, do you have a Finnish or English banking license, no i guess not.

Ofcourse all can see minted cryptoDollars accounts and all tranfers too.
Like all coins, cryptoDOLLAR network transfers are open information.
Don't worry about technical or account details. You don't need to do it.
Don't worry about bitcoin, altcoins, exchange or my company regulations. There is nothing you can do.
Maybe this is hard to you, because you feel like I want your money. Well, I dont.

Still few giveaway cryptoDOLLARS left.
Leave your wallet address and I will sent it to you.

Dude you dodged all questions in my post and gave us a fuckload of shit instead.
I want proof of that the already minted cryptoDollars have REAL USD as liquidity, since its according to you "open information" then give it to us..

Read this topic and ask something new.
You asking about how I may handle money transfers. This is funny question on this moment. exchange is not even started yet.
But I can give you one idea about money transfer.
Deposit process in the account can be automatic, but withdraw need confirmations.
This can work because exchange market is main place where sell cD coins.
Deposed usd will take out only if exchange market not offer trade any more.
If you read this topic, you will find this answer too...

Dude learn to read im asking for proof that the ALREADY minted cryptoDollars are in fact backed up with real USD.
Start by showing us the current holding account i mean you cant hand out fresh minted cryptoDollars in this thread without you depositing some REAL USD into a holding account - get my point now?
Show us the current holding account.
It is according to you "open information", then give us that information.

cryptodollarcoin.com will open soon and there you will find all accounts information online.
Be noted. I will not sell any coins before that.
About the giveaway coins,
Yes, each giveaway coin have support US-dollar in account. I deposed my own dollars and you will see that info on the account too. Just wait I make website ready.
So, all give away coin holding 1usd and can sell with the 1 usd price (excluding process fee. see topic).

Still some give away coins left..

0cD bought= 0USD in bank - 0 cD in circulation
100cD bought= 100USD in bank - 100cD in circulation
100cD sold= 0USD in bank - 0cD in circulation
The USD gained from selling the CD will be used for buying them back from anyone who wants to sell them.

Yes. That's how it will work. :)
On that moment, there is 2.00 cD released on the market and usd account have deposit 2.00 USD.
We can see all accounts balance online, when cryptodollarcoin.com website are ready.

Yes, exactly.

But blockchain is a poor way to implement such things initially because the volume of transactions is not enough for the transaction fees to attract miners, even if you use merged mining so that mining costs miners close to nothing. That is why United kingdom Britcoin (UKB), Canadian Digital Notes (CDN) and so on moved away from using blockchains until some hypothetical future date when transaction fees are enough to attract miners.

What they did not move away from however is the cap on how many coins total will be "minted", which turned out to make it very hard - and maybe ultimately pointless - to try to suppress the per coin value to keep it as low as the per unit value of the fiat they initially had intended to be at parity with:

http://galaxies.mygamesonline.org/digitalisassets.html

-MarkM-

The coin can't be mined with the wallet that's for public use. The blockchain will be kept alive by some small rig. The coin can't be mined with the public wallets to prevent 51% attacks.

But if the public wallets are able ultimately to find a port to connect to, that port can then be connected to by a custom miner someone builds.

So are you trying to use "security by obscurity", hoping no-one figures out where to connect a miner of their own in order to 51% you?

-MarkM-

"Miner wallets" are behind nat and public node address is "no mining" wallet.
But no one can't say, it's unbreakable.

I'll let you try.
First one who can permanently break cryptoDOLLAR network, so it comes unstable to use anymore, or network loose coins, will get 0.5 BTC.
(Not some temporary ip ping attach please. There will be more nodes on the future).

I go to sleep now. Let see what I have tomorrow :)

So yeah, security by obscurity.

Meanwhile if someone puts mining into a node and posts its address where other nodes will learn about it and connect, they can mine just fine.

That is security by obscurity.

-MarkM-

Can you do that, please. I want to learn and it's easy money for you.

Half a bitcoin? That isn't easy money, its a pathetic pittance.

-MarkM-

Sorry, Hard times  :-\
Good to know it's not easy money for that job.
And of course, if there will be more money on the network, I will audit security on different level too.

How do you intend to use the money in the network, aint they deposited as liquidity for the cryptoDollars in circulation!?
Seriously just scrap this entire idea its so stupid...

No don't scrap it I have 2 usd sitting in his swiss bank account.

No problem even if some one break the cD network. (I doubt, they can), but your hard worked 2 dollars are safe anyway, if they don't break usd account.

Lol are you for real, what lunatic asylum did you escape from?
ATm you "network" is worth a few dollars(well maybe not even that) but how do you estimare the interest of making forks and so on if its worth 2 billion dollars, get real, take your pills as ordinated and crawl back into your padded cell.

Are you too blind to see that something is fundamentally wrong with your concept when it even gets hard to give away free coins at this forum?

Right. Network is 2 dollars worth right now :)
Go to sleep dude and eat well. Then we can talk more.

cryptoDOLLAR bank wallet balance online information added.
http://cryptodollarcoin.com/?page_id=119 (http://cryptodollarcoin.com/?page_id=119)

Hmm. In this kind of situation when BTC crashing, I think cryptodollar should be interest coin in exchange where is no USD market, like cryptsy. Sorry I didn't get it on the market yet. I just have too much "normal" job right now.

so how are my two cryptodollars holding up? Are they playing nice together.

 :) Your 2 dollars are fine and safe deposed on btce holding USD value  :)
I put this project on ice until there is even few people who want to develope it.

If you want your cd to cash out, give me your btc address and I will send it to you.

Good to see you are still on forum, long time no see.

Keep them there and keep the dream alive. Always been here more of a reader than a poster though.

I'm not a lawyer but this really sounds like legal trouble

is this dude still alive? the cryptodollar website gives a database error? Was looking for something just like this for a little project of my own...Anyone know where this has gone?

Not gone, but the second try of the same dev got abandoned too (https://bitcointalk.org/index.php?topic=397679.4880).
Third try is running, will most likely end the same way: https://bitcointalk.org/index.php?topic=769597.40