Bitcoin Forum

Development phase 1

OneRareCoin
1 coin is mined, 20% of this initial coin is destroyed by the transaction fee. So 0.2 of the coin is destroyed with 0.8 remaining
A maximum of 0.800000 coins are avaiable at a price of 0.001 btc = 0.000001 ORC

All BTC used to buy OneRareCoin is put in to a pot that will be used in turn to buy ORC that is sold on exchanges.
All purchased coins will be destroyed.
After 8 weeks any ORC remaining that hasn't been purchased from the original 0.8 will be destroyed
This ensures that after 8 weeks the price can only go up


summary of coin: hyper deflationary, safegaurds against massive dumps, instead of dumps plummetting price they have the power to raise price, rarest and potential to be most high valued coin in cryptocurrency, 20% of coins are destroyed in every transaction by transaction fee.

Proof Of Rarity (POR)
This is a new protocol built from the ground up for OneRareCoin. (POR) will reward holders of OneRareCoin for retaining them this will make dumping coins in large quantities less attractive and even when done will raise the demand for OneRareCoin in turn making it worth more while still making transactions of OneRareCoin worthwhile.

Note: I created my pre announcment thread on Proof Of Rarity 1 week before insanity dev: https://bitcointalk.org/index.php?topic=457462.msg5045688#msg5045688
he seems to be attempting to clone my coin without even fully understanding how proof of rarity works. Good luck to him anyway I guess.
This thread is the launch of the purchase phase.

if litecoin is silver and bitcoin is gold OneRareCoin is diamond?  ;D Interested to see the explosive growth looks interesting.

I like the idea but you need to show me a lot more before I maybe buy some.

I saw your original thread and was interested with the concept didn't see anything for a while so was thinking you cancelled. A crypto that solves dump problems sounds interesting.

When is this to be launched?

When do we start the purchase stage?

The launch will be 2 weeks after the purchase stage has started.

The purchase stage will start today.

I just wanna be a millionaire  where can I buy this coin? is it in cryptsy?

I have small amount of bitcoin in cryptsy I don't know how to send it from there if this coin it's not there

how much do you think we can make?

Pm me if you wish for your payment to be processed.

Can you please post an "official" link back to the thread that will be used to conduct the purchase?

Pm me if you wish to make a payment and for it to be processed.

  ;D

how big $?

The Original post has been updated with the purchase address and the purchase phase has begun.

0.8 available, 20% transaction fee to make even more rare, I think we should all get ready for attack of the decimals.

Nice scamcoin.

Why IPOs should be banned from the forum:  https://bitcointalk.org/index.php?topic=443196.0

what is the point of this kind of Rarity?

Rarity in holders is the exact opposite of what you want in a PoW currency system, or really any currency system for that matter.  You need the brain of a monkey to think this is a good idea.

No I posted my original thread with the pre announcement of proof of rarity 1 week before insanitydev: https://bitcointalk.org/index.php?topic=457462.msg5045688#msg5045688

Like I said in this post I was the original (POR) protcol creator, Insanity is just a clone that has done a sloppy job.

This isn't exactly a conventional PoW system. Did you even read the OP at all or anything on the proof of rarity (POR) protocol? I didn't think so. This is an investment coin which if you actually read the OP would see why it's so brilliant.

this is a scamcoin people already sent 3.1 btc to him you can say goodbye to that btc dumb fucks.

Your an idiot seeing as your the one with a -4 trust rating and a failed scamcoin I'd say your mad that some people are actually able to launch successful coins and get funding because their legit. gtfo the thread scammer.

Will be explosive!

Diamonds are actually quite common... there are even whole planets made of diamonds, the only reason they have value is because De Beers has the diamond cartel and controls the price as well as demand.

Debeers even created the first idea that people needed diamond rings for weddings...

Debeers is just another centralized faggot.

edit:
http://www.youtube.com/watch?v=N5kWu1ifBGU

new orders will be processed later today at around 11:45 forum time.

Yes that's true but diamonds are still more rare and higher valued then gold. Like ORC will be higher valued and more rare than btc. ;D

You just described ripple.

updated

This concept of rarity really sounds like a good idea for investment.

No one sent any BTC to him, he can put any number he wants there.



This is most likely a scam, there is no proof whatsoever.

"The Original post has been updated with the purchase address and the purchase phase has begun."


Am I blind or is there no purchase address at the top of this thread?
Can you repost it here, or paste a link to the post it's in?

Well how does one purchase I don't see a address

pm me if you wish to purchase ORC and I will process your payment, it says that in the OP.
I didn't want people to send payments without me authorizing it first.

good luck!!