Bitcoin Forum

Why?

Good question. The value of alt-coins on the market and even Bitcoins are highly volatile. The value could rise in a minute and drop twice as much the next second. We have all seen it happen and it causes holding money in coins highly risky. There are numerous reasons for wanting to hold money with a crypto-currency but the risk caused by the volatile prices holds back numerous people. With Major Pieces it allows people to place money on an online currency without having to worry about the value dropping half it's price over night. 1 Major Piece = 1 Euro. No more. No less. We hope this spreads the use and popularity of crypto-currencies.


Why Will This Work?

While we say that we are designing a stable currency, we are not designing a currency that is completely stable, that would most likely be impossible. What we are essentially doing is designing an online version of the Euro. This coin would rise and fall the way the Euro does, meaning that it would be stable in conjunction with the Euro. This gives the coin more stability than say a Bit Coin, because the Major Piece has a tangible equivalent while the Bit Coin is based solely on the amount of faith people put into. The fact that it is based solely on faith, and not backed by either tangible assets or a legitimate government means that it is prone to severe fluctuations in value, which can be seen by its decrease in value when China said it would not accept it. While no currency paper or electronic is stable in accordance to other currencies this coin is much more stable in value to real world hard money, by having its value tied to a tangible currency and not merely to faith. Also having this currency may potentially drive up the value of the Euro and in turn drive up the value of the Major Piece.


The Name

http://i29.photobucket.com/albums/c292/MajorPiece/DefineMajor_zps529e211c.png

The definition of Major sums up our crypto-currency and our goals for Major Piece.

Why did we use Piece instead of Coin? Simple, because we are different. We aren't like every alt-coin clone out there.


Info

Type: Scrypt
Coins: 5400000000000 (Amount of Euro in circulation)

* rest to be announced at least one week before launch

IRC chat
http://webchat.zenet.org/?channels=#Major

Pools * Pre-Registration

http://major.zenet.org/
*More a few days before launch

Faucet

www.earncryptocoins.com *Coming soon


Bounties

Amounts to be announced

*New coin logo!
Block Chain
Exchanges
Pools
Gambling games
Merchants
Faucets
Videos
Graphics
etc.

If you are interested in helping support Major Piece by doing any of the above or something we have not listed, please feel free to contact me.


Pros

No fluctuations in price of coin, meaning no potential losses for holders

Businesses can accept this coin with no worry on losses due to price change.

More interest to people who have feared owning crypto-currency

No Pump and Dumps

Stable, non-variable crypto-currency to trade other coins with

Cons

No price fluctuation, meaning no large profit margins on trading this coin

Not independent from a central currency


Updates

We are working on getting this coin up on exchanges as soon as possible.

2/06/14 - Amount of Pieces changed to the number of Euro in circulation

Very interesting. I wonder if this will take off. Will be checking up on this!

sound just like another scam coin

LOL hehe LOL

simple as that 1 Billion coins. 1 Euro each... simples. Why didn't someone just do this before?? i know i always say this next coin is the bitcoin killer, and sadly it just never turns out that way.... however this coin really could be it. I mean stable currency is what we need around here and this major piece has a master mind behind it, a cunning plan and simple tactics.  I tell  you how much it is worth and you pay it.

Hopefully though in a few months we can just change our minds and make 1 major piece 1000 EURO,  no more no less. Simple. Then we will all have a bit more money and the shops will like that too so they will use it even more.

I'm in.

Scam coins are based on Pump and Dumps. That's not possible with Major Piece.

Hahahaha, the same shit like marinecoin.  :D  :D

Looking through all the alt-coin announces and this caught my eye. A stable coin sounds amazing.

hahahahaha

Thank you for adding us

So who is holding the 1,000,000,000 Euros to back it?  :D

Yeah me too, i can't wait.

I did just think of a slight issue. What if i accidentally sold for less than 1 euro?  i mean i'm not one for disobedience and all that stuff... but what if i pressed the wrong button :(  then others seeing mine sold first tried the same shit.... but they done it on purpose? how can we kick them off the major piece team?

What if they did not share our vision for major piece??? what if they just pretended to like it.... but then sneakily tried to sell it for that other BTC unstable junk?

Who is holding the gold to back up the USD? Who is holding the funds to back up Bitcoins?

that's true actually... who is holding the major piece to back up gold?

What if you accidentally gave someone a dollar for 3 quarters instead of 4? The value of the dollar does not suddenly crash.

Actually that is very true, i can see i had not clearly thought this through. Let's get going with this, i want to grab up big stash of major piece before others catch on.
Also can you make the blocks 1000, 000 reward each, block time 20 sec each max. I want to be a millionaire asap, these other fluctuating alts just are not providing me with the stable millions i need right now.

Major Piece of Shit is what this crypto is.

Ah very clever. But looking at your recent posts you seem to me to be just a Troll.

We have had a lot of interests in potential pools. Thanks to everyone for the early support.

€ 2,000,000 pre-mine  ::)

The coins worth what they worth because people believe in them, in the moment the people says "enough!" all coins will go down to 0.
But because we are all slaves of "Money" and we are also very naives is not gona happen to soon.
So yeah if they believe the coin worth 1 euro and they make us believe that to.
In the moment the first miner will put the coin on a exchange will keep the price close to 1 Euro UP .."regently eg UTC"

Most pre-mines are at 1% or higher. We will probably lower the pre-mine and release an outline of who gets what bounties. Most if not all of the pre-mine will go to bounties and giveaways.

So will this coin hit the usual exchanges? If so, what or who is there to stop me from dumping this cheaper? Not saying I will, just a question.

As Major Piece is different than the usual crypto-currencies different practices will have to be implemented.

We will be working this out with exchange sites to find the best possible solution.

Scam coins are based on cheaters, no matter who they are.

Weird but also interesting  ;D

Hm, what we have been needing is a stable coin. I hope this is successful I would have a lot of uses with this.

the basic idea behind this is a good one, but there are economics laws that you are ignoring.

You have no way to set a price for a coin. Once it hits an exchange the market will tell you what it's worth unless you are holding the coins hostage or you have the funds in reserve to back each coin. You do not have this.

I admire the thinking here though, and I'm curious how you plan on enforcing this - because I'd like to just print up two million of whatever currency I like as well.

Lolz +1

I'll have a pool up and running on/before release :D
Pre-sign ups will probably come in tommorrow

Literally what I was thinking the entire time.

What if someone with some serious hashing power decided to lowball an exchange, cutting the value in half? People are going to much rather pay for the ones costing .50 euro. Or what if someone with not a lot of Majors just wants to get the few he has off his hands quickly? What's stopping him at selling for .5 euro?

I don't see how you can promise a price on any coin. All are volatile. Unless you force an exchange to make a flat price (which how many exchanges would be willing to do that?), how will this price be solid?

I'm sold but seriously, need some explanations devs.

The idea is nice, but practically speaking it is impossible.

bondni.com is interesting. PM me when your source are ready.

OP: I don't understand why you're pegging the coin's value to EUR yet the block reward is totally disproportionate to the cost of mining it. A single block is supposed to be worth EUR 1000?  ??? Even with difficulty at around 20 you could generate EUR 1000 worth of coins in 24 hours with only 1MH/s of hashing power. In this case the coin's value would be 1000+ times the actual cost to mint it.

...plus a 2m EUR premine just screams greed...

The pre-mine WILL CHANGE along with the other values to best meet the needs. Along with on an outline to how it will be spent to ensure everyone how ALL the funds will be spent. Most if not all funds will go to bounties and giveaways. The OP has been edited. My focus for this is creating the first stable coin doing so by retaining the value of the Euro, not profiting.


For those of you questioning the market, I'll say this again

As Major Piece is different than the usual crypto-currencies different practices will have to be implemented.
We will be working this out with exchange sites to find the best possible solution.

We are working hard with many people to ensure Major Piece's success.


The most revolutionary ideas start at inception with people saying it will never work. Many people said Bitcoins couldn't work and look where they are now. I could give numerous examples but bottom line, we will do everything possible to succeed.

You're missing a very fundamental part of the puzzle. The only way you can execute this is if you were to do 100% premine and sell each coin for a euro.

Scrypt

Very true, there is no possible way to control the value of a currency unless you have 100% control over it. (central banks the world over can attest to this very fact). While I like the idea, it just isn't going to be practical in the wild. You do not have the 1,000,000,000 EUR it would take to back each coin. So the only other alternative would be like this individual suggested, 100% premine, and sell each coin for 1 EUR each. But with that in mind you could never claim it to be decentralized and miners would have virtually no incentive to mine it.

The last sentence is the point. If there was a 100% pre-mine and we had to pay him to get a coin. That's ridiculous and would never work.

If the devs can manage to get an agreement with some exchanges to put it on for non-variable amount then it couldn't change.

The value of the Euro, Dollar etc. is only what it is because they say it is and we believe it.

But if you think about it the value will change. The value of the coin changes on the price of the Euro and if you placed this against other coins on cryptcy I could see this working. That's the only way though, along with strong supporters.

This idea idea is interesting non the less, alldough I ask myselfe the same questions posted above, here is another one.
If this coin will be equal to an euro that means if euro grows so will this one, and the some gose the other way around, if the euro falls so will the coin.
Now Euros are still printed now and then, this coin has a maximum cap.. this will bring indirect inflation to the coin..

I love the way this discution is goin.. pleas post more!

That won't work either, private exchanges (person to person, or alternative exchanges as well) can decrease the value of coin determined by supply and demand. Look at BTC now with the different USD/BTC exchanges. The value can sometimes be as much as 200 U.S. dollar from BTC-e and MtGox.


That's because we're forced to "believe" it due to legal tender laws. With Legal tender laws you have an unintended consequence called Gresham's law (https://en.wikipedia.org/wiki/Gresham%27s_law) takes effect. Basically bad money chases good money out of the system. As an example, try finding a 90% silver quarter in circulation now. People horde it because they know its worth far more than the quarter it represents in melt value. In theory this coin could run into the same problem due to the currency that will be used to supposedly back it's value. We all know that central banks only have a hammer and every thing is a nail. Meaning all they know how to do is inflate their currency for whatever possible problem comes along. Say this coin goes forward as is, the euro will continue to be inflated next to the dollar because the end of fiat currencies is inevitable. It's impossible to keep a system of debt going forever, you can't print a currency at interest and not print the interest to pay it. To me, that's the biggest flaw of this coin is backing it with a known inflating currency while limiting the supply of the coin. Is the dev, or someone going to continue watching the Forex looking for value deviations and adjust accordingly? Yeah a Euro is a Euro to the guys and gals out using them. But for Forex traders a Euro is worth a $1.35 one day, or $1.42 the next day. It's value does fluctuate just not as much as cryptos.


Due to person to person transactions, or alternative exchanges I don't see how any exchange can keep the value of the coin to where the dev's of this coin would like them to be. Without the Dev's having 1,000,000,000 EUR to back each coin, or 100% premine they will never be able to keep the value of the coin for their intended target. The law of supply and demand mandate it. It would do the same to national currencies if central banks didn't inflate to make up for the rise and fall in interest rates.

HI, everyone we will add a Major Piece faucet on Earn CryptoCoins (http://earncryptocoins.com). Join us on 1st of March for the opening of the faucet. Thanks

1,000,000,000 are the total no. of EU that exist?

But there are 5400000000000 EU as of the current time.

Flawed crypto.

The idea we have here is actually quite simple but some people appear to be over thinking it. While we say that we are designing a stable currency, we are not designing a currency that is completely stable, that would most likely be impossible. What we are essentially doing is designing an online version of the Euro. This coin would rise and fall the way the Euro does, meaning that it would be stable in conjunction with the Euro. This gives the coin more stability than say a Bit Coin, because the Major Piece has a tangible equivalent while the Bit Coin is based solely on the amount of faith people put into. The fact that it is based solely on faith, and not backed by either tangible assets or a legitimate government means that it is prone to severe fluctuations in value, which can be seen by its decrease in value when China said it would not accept it. While no currency paper or electronic is stable in accordance to other currencies this coin is much more stable in value to real world hard money, by having its value tied to a tangible currency and not merely to faith. Also having this currency may potentially drive up the value of the Euro and in turn drive up the value of the Major Piece.

dE_logics you are correct. 1,000,000,000 pieces was just a general idea but will be replaced with the number of Euro in circulation.

Well good luck with that. ALMOST no one is going to pay 1 euro for a coin that is 'worth 1 euro exactly because some guy says so', they know it is not really 1 euro and you are just trying to get rich really easily. I mean, a premine of 2 million euros??? Well good luck getting people to give you that 2 million,  if you succeed, give me some.

We are considering changing the pre-mine to 0% This is not about money. It's about a revolutionary change in crypto-currency.

We have 3 pools set to open on launch and a faucet. We are looking for more! Bounties are still available.

102739 years. You are seriously?

We are working out the full details. The amount shown is 100% going to change. We have been discussing the best coin generation details for Major Piece. Thank you for the input and we will keep this suggestion in mind on the final decision.

This is the pre-launch and details WILL be changing. We are working hard on this. We have updated the thread so that there is no more confusion.

Lol.  How do you classify deciding how many coins/block and deciding yes/no for a premine as working hard?  Initial numbers are as retarded as the concept so I'd say about 2.7 seconds of thought should let you come up with something better.

How is using market dynamics and PURE FACTS over thinking your coin will never maintain parity with the Euro? You want to wager some BTC on that?


This is ABSOLUTELY impossible because once you release it into the wild, you will have 0 control over it. The price will be a speculative vehicle like all other crypto currencies. Without a Government or Central Bank declaring and backing each individual coin you'll never maintain price parity, or even stability for that matter. It's simple economics. What part of this aren't you getting? This isn't over thinking, this is reality. You can declare it 1 Euro, but once it gets to an exchange outside of your control people will arbitrage the shit out of it dropping the price to what the MARKET says it's worth. If you can figure out a way to control the markets, you could get a job at any central bank or government the world over.


No it doesn't, that's speculation on your part. Since the coin hasn't been released the market hasn't determined what the price of your coin is worth. Backing a crypto currency that is limited in supply and decentralized in nature with a fiat currency that is centrally controlled and inflating on a daily basis is not only haphazard, it's also short sighted in regards to currency stability. That's like mixing oil and water and calling the solution stable when the oil floats on top of the water.


You know next to nothing about economics. The reason the price rose and fell in Bitcoin was because of (here take a note) LIQUIDITY. Liquidity in an emerging market is a major factor in price discovery. What you saw with the sharp drop was liquidity drying up and not enough funds to bid up the price further so it contracted to reflect the lack of liquidity in the market. It wasn't because of bitcoin has no backing that caused it, it was payment processors cutting the source of liquidity.


No it isn't, and no it won't.. Once you release it you'll notice it within a number of days that the price will be less than a euro. How the hell can it rise against the euro when 1.) no one will accept it outside of a alternative crypto currency exchange, and 2.) No demand for it outside of the exchanges? This is not over thinking this coin, this is the reality you face and will NEVER be able to guarantee parity with the Euro.


So how is this different from the Euro then? Instead we'll have a decentralized infinitely inflating crypto currency? Gee where do I sign up to mine this?  ::)

How exactly are you going to keep the price at 1 euro?

As my explanation above details, he(they?) won't be able too. It'll be a speculative vehicle like all other crypto's. With no demand outside of alternative crypto exchanges, he/they will never maintain stability. Law of Supply and Demand is a brutal teacher. If he/they release the coin as is currently planned, he/they will see really quickly the law of supply and demand will take hold and if there is no backing, and no demand for his/their currency it will collapse.

He/they has no understanding of currency stability or backing at all.. It's pretty apparent.

There hasn't been gold backing the USD since the  Nixon Shock of 1971 (https://en.wikipedia.org/wiki/Nixon_Shock) Nixon severed the gold standard and replaced it with the Petro Dollar.

Ever since then the dollar only has value because OPEC only accepts dollars for their oil. If OPEC were to take a basket of currencies other than the dollar, the dollar would collapse over night. The ONLY thing that gives the dollar value is the DEMAND for oil. It's a great scheme, but it's doomed to failure.

Have any trading platforms agreed to list this currency as of yet?

If the devs get this into exchanges at a flat rate and allow it to be traded with other alt-coins I could see it working, but that's the only way. I think it would provide a lot of benefits and people would do it. There are so many advantages. I also like his giving some one 3 quarters for a dollar does not crash the value of the dollar example.

You say "if there is no demand" What if there is a large demand. Because there is a large demand for a stable coin. Bitcoin took forever to take off but it did slowly one person at a time. Why wouldn't that be okay with this?

The dollar = oil. What about Euros?

Also I don't think this is meant to be different than the Euro to the poster above this one. I think it's meant to be an online version of the Euro.

EDIT: I don't understand why everyone keeps saying there's no demand. How do you know? I personally think there is a HUGE demand for a stable coin. Maybe it won't have quite a lot at first but it may grow.

It won't work due to person to person transactions, or even exchanges the dev doesn't have a relationship or an agreement with. For example, say I take all 10Mh and mine this coin during release. I decide to undercut the market by selling a large quantity at half a euro. Yes, a small transaction won't kill the market, but large transactions at less than value will destroy a currency. If you want or need any proof look at Argentina and what they've gone through for the past decade with their unstable currency.

There is a huge demand for a stable coin, but backing it with a centrally controlled infinitely inflating currency is not the answer. If he personally had 1 Billion Euro to back each individual coin, then yes, he could maintain parity with the Euro. But if not, it's just going to float like all fiat currencies do. The market will determine the value whether you or the dev like it or not. The ONLY stable currencies were those backed by precious metals. Unfortunately if you back a digital currency, you're setting yourself up for failure as we know central banks don't really care for competition. They'll use the excuse of bullshit money laundering laws to close down the precious metal warehouse, confiscate all precious metals, and for your trouble, send you to prison for a couple of decades.

I know there is no demand, because no one has asked for a digital currency backed by a fiat currency. Where is the demand coming from that is going to maintain the parity price the dev is advocating for? What store can I spend this digital currency in? Who is going to pay me thousands of Euro's if I decide to cash out? The moment you can't maintain that parity which you WON'T because the Dev doesn't have 1 billion Euro, and neither do the exchanges to maintain that price the currency will depreciate in value.

This is simple economics. What aren't you getting?

I'm going to make a $100coin and it will literally be worth 100 USD without any implications, oh and yes this is arbitrary but it'll totes definitely work because I titled the coin $100coin.

I can guarantee you this will be the price. You'll just have to take my word for it. I'm the coin creator after all, and it's not like I'm personally invested in my $2,000,000 premined.

Lol, I just love the crypto world, it get's entertaining day after day :)   I want to create British Pound Sterling coin and will it on the whole world to accept British Pound Sterling coin for one British Pound simply because I said so!  and it's going to work and stay stable when not even the fiat currencies themselves whom we all consider "stable" relative to crypto currencies which are actually BACKED by the economies of their respective countries can stay stable themselves. Look at the value of the dollar in 1920 and the value of it now.

While this is a valid argument it does not necessarily fit in to this idea quite the way you envision it. While it is true that we are relying on a bit of faith from people to believe the coin is worth what we say it is worth it is no different than a person having to put in faith that their dollar will actually mean something or that their Yen will mean something. By saying that it will be worth one euro we have already planned for part of this faith issue. Also on the issue of changing market value we have seen that this issue cannot arise because the true value will always be that of a euro. It’s not like gold or oil were the price can be arbitrarily inflated or deflated based on faith and amount of product. Also while people can hope and believe that their one dollar is actually worth more than it is it is only worth what it is at that point and time. So while people may say that the Major Piece is worth more or less then the euro they are actually wrong because it has already been decided that the value will only fluctuate directly with the value of the Euro.

Decided by whom?  You really have no understanding of how basic economics works.  You can't have something worth something else simply because you "decided" and "dictated" its going to be that.  People assess value on something because it is either backed something else (dollar is backed by US economy, Euro is backed by Eurozone, meaning within those regions I can use dollar and euro as a means of exchange for service or products) or based on speculation which 100% of crypto world fall into as none of the crypto is backed by any economy.  Speculation = wild price fluctuation which is what you are not aiming for.  At the very least, many of the other coins are driven by speculation around a new type of encryption, code, feature, future utility and even value of meme.  Yours has absolutely none of that except for the fact that you are going to somehow magically will everyone in the world to value your coin at 1 euro and not just make them will it at 1 euro, but make them will it at 1 euro forever.  As I also mentioned before, not even fiat currencies stay stable and also are subject to fluctuations and teams of economists, governments do their best to try minimize this fluctuation (to prevent widespread panic and bank runs) but will never be able to completely stop it as it is DEPENDENT ON THE VALUE PEOPLE ASSESS TO IT AND ARE WILLING TO TRADE THEIR GOODS AND SERVICES PER THAT VALUE ASSESSED.   Unless you've come with some mind control technique, this is impossible.  Why is this hard to understand!

We @ Zenet.org are very excited with this Major Piece, so we have setup a pool for it! You can already pre-signup @ http://major.zenet.org/.

We are working hard with a few exchanges to allow Major Piece to be traded at a non-variable value of 1 Euro against/with other alt-coins. Once we get a few exchanges more will follow. We are also working with online stores and services to accept Major Piece. This will allow for the Major Piece to retain the value of 1 Euro.

What I bolded in what you said. Euro works because you can exchange it for a product. Well if Major Piece can be used to trade for products on line then it should be able to work under the same concept.

People who start these coins should understand how a currency works. Be much more successful.

Give you a hint, a nations GDP is what sets the value of a currency for which is used to trade that value on exports and imports. That is what creates that value.

One reason China's economy is about to implode is due to the way they measure their GDP - it is an artificial method, by measuring the production and not the sale of resources. Thus whole cities build for millions to live remain almost empty.

So, if the economy implodes, will alt-coins be anymore useful - no. As they are not recognized as being associated with trade values outside of personal barter - which will always be very unstable.

If you want to make a product like bitcoin you have create value in ownership not necessarily in the trade - like gold. The more crypto coins that are released, the less valuable they all become.

With crypto currencies they way they are now - is no different that bank notes in the 1800's - any bank could produce them and people would trade with them. It failed, due to the instability of the rate of trade - just like cryptocurrency is doing today.

If there was to be a real trade, it would be to have something stand as value to the coin. Have it be a natural resource or like. Could be anything that has a value, thus the coin becomes a stock or commodity.

I love the idea, but the execution is the problem... in five years this will be remembered as a fun experiment. And someone will figure this out and make it real - most likely Wall Street.

If you can pull this off the miners are going to love the coin. What other altcoin could net you hundreds or thousands of Euros just by mining with a MH or two for half a day?

Question is whether people will actually BUY this coin at that rate...

If you can figure out how to do that, then by all means.  After 5 years, Bitcoin is just beginning to become accepted by some retailers, however, this is still a very small fraction (less than .000001 %) and the price is still fluctuating wildly. 

What the op is proposing is an impossibility that no human being has ever achieved unless he comes up with a mind control technique to brain wash the masses into valuing this his altcoin at a constant 1 Euro no matter what based on the simple fact that he said so.  Why stop there?  Let's peg to a bar of gold simply because we say so.  He fails to understand the principles of supply and demand and market valuation to which every single currency is subject to, fiat or crypto.  It always has been that way and it will always continue to be that way as long as human beings exist.   

The fixed price(1euro) + the huge amount of the coins

Be Either a scam or mad.

^ This

Like I said in a previous most, the law of supply and demand is a brutal teacher. The dev's of this coin will discover this very quickly. Without 100% premine, or the dev(s) having 1 Billion Euro to back this digital currency it's just not going to happen. Even the valuations of precious metal currencies fluctuated with the discovery of new ore veins and extraction. The Comstock Lode of 1859 dropped the value of silver by a few percentage points. I can't remember exactly by how much, but it decreased the value because of how large it was, and how much silver was being pulled out of it.

Sorry OP, but without you actually having 1 billion euro to back this currency the peg your setting it at just isn't going to stay. The market will determine the value of your coin. Because without you actually promising the miners, and those who actually cash out and expect euro's won't be able to get it. The currency valuation will collapse. That IS the reason Nixon severed the gold standard in 1971 in the United States. France was demanding gold for all the dollars they held. Since the Federal Reserve had debased the currency it could no longer maintain the 35 dollar per ounce peg. So something had to give, and Nixon said no more. In reality that's called a default, but since the U.S. had a global currency everyone continued to use it, even though it was no longer as good as gold. The same will happen to your currency. No euro remittance, no true euro peg. Simple as that.

A moderator has appeared to have deleted my original post. I have no idea why, as an explanation hasn't been posted. It was a perfectly valid post. Given that it's been quoted about six times, it also puzzles me why it was deleted at all.

There has to be enough weight behind a value for people to agree on it. Whether that be lots of people, institutions, or some other form of wealth. If you opened a shop and declared 1 coin = 1 Euro, then you'd soon go bankrupt. You would need thousands of stores or services to agree on that price.

Unless you had a way to also own the only exchange that could sell Major Piece. Then you could set the price.

I have to agree with Nullu on this one.

-straight forward answer- you will be backed by home-made rigs, if you're lucky by BTC. You have nothing behind the idea except for us- the miners.

-I would like to point out one project with the exact same claim: marinecoin.somethingsomething. You can claim whatever you want to but you expect from us to back you up. Well, nobody's willing to give you the trust for something better than 'I am/ I can'.

-Your argument on top of page 4 asks for faith, because none of the fiat currencies has any value. Well, Nullu already said something about that, but I will add something else: 'They have guns, you have shit!'. They can persuade you to use fiat, you can't make people use your currency.

Please be smarter then this, your profit will decrease significantly if you don't keep pace with the market. For me, your claims are nothing but pure and utter garbage.

Convince me I'm wrong, please.

 :-*

This is the only coin ever envisioned that is more retarded than even FairQuark.

hehe i love major piece....when is it coming out?

Let's agree all with the dev here pls...
After all, we know for sure it's worth 1 E. And the major piece is that we don't even need exchanges for this one... I mean, what's the point in selling it for 1E and buying it back for 1E. Why buy it when you can mine it?

As long as this will stay away from exchanges it will keep its value! And we all go to the moon!

It is not expected that Major Piece will take off from the start. It will start with small numbers and build slowly gaining more trust as more people start to mine it and use it.

Part of the reason that not many markets accept Bitcoins is due to that price fluctuation, and because it is so new. Since Major Piece's value does not fluctuate (not counting the fluctuation of the euro) more companies will start to accept it. Maybe not at the beginning, but in the long run. 

As I said before we are working with exchanges and online businesses to accept Major Piece at a value of 1 Euro. As it spreads to more markets and more people use it it will grow. People will use it because there is a huge demand for a crypto-currency that does not fluctuate in price (once again not including the fluctuation of the euro) This is a long term project and needs to be viewed that way.

03/01/2014 it says it in the OP.

I am going to buy Europe with Major Piece.  ;D

A huge amount of faith. Does this coin at least have that?

I can't wait to mine 5 million of these on the first day and become and instant millionaire.

Would be nice if they at least got rid of the white line on the upperright of the image. Now it looks like it is made in Paint... :S

Fixed. If anyone thinks they can make a better image feel free, there's a bounty waiting for you if you do.

We @ Zenet.org are very excited with this Major Piece, so we have setup a pool for it! You can already pre-signup @ http://major.zenet.org/.

Added to CryptoCoinsCalendar.com (http://www.cryptocoinscalendar.com) good luck Major  ;)

Looking forward to offering this coin off-exchange at a rate of 0.85 EUR
Introduce OP to term 'free market'

This concept is far from reality.

Anybody here thinks that you would achieve the same value as any flat currency simply by setting the total amount of coins to be released to equal with that of a flat currency ???

Prepare to see a major piece with minor value  :D

Interesting idea, waiting for it ;)

Added major to CryptoDir.com - Vote your favorite coins, or add your own coin. Calender for upcoming coins as well. Dont miss out new coin releases  ;D http://cryptodir.com/coins/maj-major-piece/ (http://cryptodir.com/coins/maj-major-piece/)

BitEmber is working on a pool for this coin as we speak.

We will open for pre-registration soon.

Please tell me this is a troll.

How can someone be intelligent enough to create a cryptocurrency yet dumb enough to not understand basic economics. The fact that there is even a discussion going on about this for 5 pages now makes my brain hurt and makes me even more suicidal than I already am. Oh god help us all.

BitEmber pool is now open for pre-registration.

http://maj.bitember.com/

Enjoy  ;)

This ^^'

Just how are you going to put this on any exchange at a fixed price?

But I guess op was just trolling hard.

How intelligent do you have to be?
Take a current coin source, tweak a few numbers, change the name and you are done.

Hi,

We designed a logo for this coin that is better fitting with its goal:

http://s30.postimg.org/4lnizb7k1/major_piece_euro.png

Do you like it?

1 Euro=0.002BTC currently

How can this coin start from this big amount from the beginning.Possible?

Only the early miners will get rich off this coin.

So mine early ;)

Using Majorpiece's gold ring ;D ;D ;D

Thick of it this way. Let's say you want to get rid of £10, would you accept £8 from me?

Nixon severed the gold standard because of the Vietnam War and higher public expenditures like the Space Program. When there was a gold standard, government spending was limited to tax revenues. With the Vietnam war, taxes were going up and became unaffordable, the Americans were against the war and the rising taxes. By severing from the gold standard, governments can spend what they like by printing money out of thin air, hence why the amount of money expanded since 1970 shot up, see any graphs as the previous hundreds years of money expansion was relatively flat then surged upwards till this day. Hence why since the 1970's we all had huge inflation, inflation meaning expansion of money supply and NOT CPI or RPI as 99% of the humans believe it to be so.

I like the Logo with the Hempleaf

Mascot for this Major Piece of Shit coin should be a Pinworm or a kernel of corn

You can't just create a clone coin with zero feature and peg exchange-rate to another country's currency.

Jeez you love Litecoin so much you should pay them half your earnings from any exchange.. seriously.. go donate to them now please !

But seriously why did you make this ?

oh wait i get it.. you missed getting <lite coin> early so you want to clone the coin and relaunch it so you can get in on flash-mining.

daaaaamn that is smart !
i wish i thought of that Sad

PS:
If i wanted to lookup random words from the dictionary i would.. that is not much of an excuse to make a coin, but
TAKE MY MONEY !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOW

You really post this in every thread.

Go fuck yourself already you butthurt teenager.

There is a coin called HashDollar and Devs are proposing to keep it 1:1 parity with the dollar.
They will pegged them into commodities (Brilliant at first) and they said they are partnering with a lot of shops network to accept them.
Pré lanunch non official. (https://bitcointalk.org/index.php?topic=369843.0;all)
Launch (https://bitcointalk.org/index.php?topic=449479.0;all)

ps: they did Premine Some of Trillions of coins, apparently, will be to hold the price.
___________
I trust Hashdollar already offered me 7/10 USD per unit.
I'll also trust in Major we will see where this is going.

wut?!

Take an economics 101 class please before designing a coin

NOT A BAD PROFIT 2M euros premine LOL

And how exactly to you plan on pegging your alt coin to the Euro? Do you intend to purchase MAJ when the price drops bellow the Euro ? and how many BTC will you have to insure such peg ?

Username = Hawaii

 8)

Lahaina side rules the 808  ;)

This coin is just rediculously lol...

This is so stupid, i don't even know where to begin... how old are you guys, 16?

i think this is going to catch on actually ....

For example today...

 i've been doing a bit of tentative probing just to gage interest....asked 3 checkout girls who work in the poundland store under my studio apartment (slum) ... if it was up to them and them alone... would they prefer to take my major piece or my fiat?

Guess what ...all three said they wouldn't touch either with a barge pole.  

This proves one thing.... both are equally desirable to the public. It's a done deal. 1 billion major piece = 1000 000 000 euro.

To be equated with the Euro is necessary that the diff is always high because no one will pay dearly for something that can get easily.

I absolutly can not imagine how this will work, what mechanism will be implemented to stabilize the price?
It seems to me impossible.

Nothing in this thread has convinced me this is anything more than a half-baked idea. I can explain exactly how it could be worth one Euro, but then it's not my job to do that. it's the Dev's. I'm just not convinced one iota.

Imo three important points for an alt coin being successful are that the coin offers something unique, new and useful to the community.
Creating a stable coin fulfills these three point.

But unfortunately there are a lot more things you need to take care of to make a coin successful. At the moment I dont see that this is happening.
Rather reschedule the start and invest some more time in planning than launching an unfinished product and wasting the brilliant idea of creating a stable coin.

As a lot of people already mentioned. The "faith thing" is not going to work. No way you can trust in the faith of 1000s of users. Someone will start selling cheap and the rest will panic and follow. (See what happened to Panda coin today)
It sounds like a good idea to have exchanges regulating the price by keeping it stable to 1 €. But what would you do once 1 exchange platform decides not to play any longer according to your rules?
5400000000000 each being worth 1 euro and ppl mining 1000s and 10000s of it with low difficulty at day 1? Not going to work out I would say.

What about regulating the price by having a flexible reward system. The amount of coins per block increases or decreases with the value of the coin. As long as the coin is worth 1€ the reward per block is i.e. 100000 coins. Once the value of the coin goes up the reward increases and vice versa.

Good look with your coin. You might need it.

Doesnt everyone know that believing can make it true. If you believe one MAJ is worth a euro then it is, that is that... just say it and pow... its real!!! now you just have to convince everyone else like these schmucks are trying to do. Now another question is if I want euro why would i not just buy euro instead of some make believe crapcoin equivalent ??

This coin will fail the moment the premine is announced.

Also, Euro is an inflationary currency. Unless you have a moving cap, having a static cap makes no sense. It wouldn't work without a moving cap.

hahahhahahha

Much negativity.  I am really interested to see how this coin turns out.  I would like to see more information on how you intend to keep the price in parallel with the 1 euro.  I am keeping an open mind on this coin and looking forward to the launch.  Good luck with the launch.

The author was 4 days ago  >:(

I would like to hear how the developer plans to have this coin operate on an exchange.  There is nothing in the cryptocurrency world (that I know of) that can accommodate the trade of a coin like this. The only way this coin could be pegged to the value of the Euro would be if it were controlled by a central authority and not traded on a free and open market.  Sound familiar???   I'm doing the math, and with 5 trillion coins (I don't care how long it takes to mine them),  there isn't enough zeros behind the decimal for this coin to trade!

It just needs a sufficient number people willing to exchange one euro for one major piece on demand.  Seems simple enough to me...if OP can deliver such at thing at time of launch I will 100% mine this coin exclusively!

Working hard to have exchanges and retailers peg it to the Euro on launch! lol
I think I just saw a airborne porcine float by my window as well.

You'll never find a retailer stupid enough to do this and if you do watch them run out of stock and then go bankrupt in the blink of an eye.

Maybe, just maybe if you could somehow make it expensive enough to mine and somehow vary depending on the cost of electricity in the miners country it would at least be tied to something and people might be more inclined not to sell at a huge loss.

It's sad to see these poor attempts at stability.

Having the same number of coins as a currency does not mean the coins will be worth the same.  By your logic, Mooncoin (384,400,000,000 coins) should be worth 14 Euros each (5,400,000,000,000 Euros & Majorcoins).  Are 5.4 trillion buttons worth 1 Euro each because there are only 5.4 of them?

Does the dev. team have at least 1 person with a business background?

I have an idea for a stable coin design, but no technical skills to execute it.

I think it's hilarious that you say it's worth 1 euro, just because you want that to be true, doesn't mean that just magically makes it true.  Quite hilarious indeed.

change the logo at least

Mommy, mommy, these people are saying my coin is not worth 1 euro...please make them shut up..i want my coin to be 1 euro...my coin...my precious coin

lol, someone said 1 shit = 1 euro.

This is the Major Piece of crap i have seen today besides 502 coin

is difficult to produce so much shit in so little time.

Will this coin launch? Dev last activity is 19th!

What time/date is this coin launching? Anyone know?

A lot of fail launches going on so you never know, just keep an eye out.

 ;D +1

i think this is not possible without putting large securities up (be ready to buy every single coin yourself for the minimal value).
Getting rid of volatility is also not possible without getting rid of the free trade. So this was really a waste of time for everybody

i don't think this coin will launch

release time?

author at bed,never

DEV needed to continue his psychiatric treatment.. please be patient..HE WILL COME BACK !!!!

^^

With posts like this it's hard to tell whether they're joking, scamming or just straight up incompetent, but regardless, it's an entertainingly dumb idea.

I've got some alcTwigs over here, sure they might look like plain old twigs like you'd find on the ground anywhere in the world, but these ones are worth 1€ each. You just need a bit of faith! Their value is tied to the Euro, because it has been decided that their value is tied to the Euro. Any takers?

Nobody?

i bet:

just a  ANN, nothing anymore......

We are removing Major Piece from EarnCryptoCoins

I can't believe I just wasted a few minutes of my time here on earth reading this ANN. Whomever started this altcurrency must have been on just about every illicit drug known to man at the same time and then had someone hit them on the head with a large hammer a few times for good measure.

[ANN] UrinalCoin The value of each coin will equal the price of a bar of gold * the size of my bladder
NO PREMINE

where is the wallet

awk no release?

may as well remove the rest of your spam inducing site as well  ;D

Dead Joke !

I wouldn't pay 1 Euro. Nobody can dictate the price of a good. Never happened in the history of mankind.

Perhaps the Op finally realized the stupidity of what he was saying.

I'm looking for less known coins , that haven't yet hit the news , but still have some potential , cons that have stayed below radar for most people or have become more or less abandoned. Are there still things going on with this?

No. The entire concept was idiotic, and almost certainly just created for a joke.

Thanks for the feedback. But... don't forget about doge , you never know what might pop up in the future.

Is there any wallet out already? I can put this coin up on my multi-coin faucet if the wallet's out already :)

http://cryptocoinfaucet.appspot.com (http://cryptocoinfaucet.appspot.com)

Simple no-nonsense faucet, and if there's a bounty i can fill it to boot with some of it like i did with SHAcoin ;)

This coin Announcement was just Bullsh!t, don't believe everything you see !

Just look at the above post , for god sake.
The coin has turned into a zombie coin.

still nothing?  ;D

stop pushing crap-threads!  :P

dev awol  :-\

This was just a Gag/Joke Thread, can't you tell by the Copy and pasting of the Definition & the absurd Idea lol