Title: [ANN] Announcing Scratchcoin, the crypto designed to seamlessly digitize the USD Post by: scratchdev on August 13, 2021, 06:51:59 PM Scratchcoin is a fair-launch, community-driven, grassroots cryptocurrency. It is a simple BEP-20 token with locked LP, renounced ownership, and anti-whale protection.
SCRATCHCOIN MANIFESTO Background: With the introduction of blockchain technology, we at Scratchcoin believe the world is fast approaching a digital revolution of sorts and the financial sector is likely to be the first to truly feel the impact. While we do not know the path this journey will take, our belief is that the benefits will outweigh the costs of transitioning to a natively digital currency and that blockchain will prove to be a truly revolutionary technology. However, there is a gigantic knowledge gap between the people who are creating these currencies and the people who are supposed to be using them. The public’s understanding of cryptocurrencies is so little, and the effort required to understand cryptocurrencies so great, the likelihood of mass adoption is extremely low. The public is craving a SIMPLE currency that is easy to understand. And let’s be honest, we’re trying to digitize a rectangular piece of paper not weather patterns. Let’s keep it simple. Our solution is to set the supply of our currency equal to the number of US Dollars in circulation as of the latest fed data available when Scratchcoin launched…June 30, 2021. 2.1791 Trillion US Dollars. 2.1791 Trillion Scratchcoin. This simple innovation has very big implications. There are two ways to look of this idea, each equally important. One is clever and marketable; the other is serious and critical. We shall start with the clever. The clever way to look at it. By using a familiar number of units (USD in circulation), it makes the math very easy for people to understand and visualize. If Scratchcoin were to replace the US Dollar one-for-one, 1 SCR = 1 USD. We have yet to hear a single person say they don’t understand this concept. It’s intuitive because it’s as if we took all paper dollars and put them on the internet. Simple. The serious way to look at it. Most people think that the thousands of cryptocurrencies out there are all vying for a spot at the top to take down the US Dollar. Most people believe bitcoin is the cryptocurrency community’s answer to the dollar but it is not. Experts see bitcoin replacing GOLD as a scarce commodity store of value. In our view, simple tokens will effectively sit on top of the bitcoin protocol as the de facto new dollar. Right now, the federal reserve’s plan is to release a cryptocurrency to eventually replace the dollar. Many refer to this as ‘Fedcoin’ but they are generally called Central Bank Digital Currencies (CBDC). There are three very big problems with this plan and Scratchcoin addresses all three. Problem #1: The Fed’s plan is to research and release results in FIVE YEARS!!!! That is not how technology works. We are so far behind it is not even funny. This is not a train we can slow down. The technology and infrastructure, in our view, is 95% complete and five years is not even close to soon enough. Problem #2: CBDC’s like Fedcoin have the potential to dramatically INCREASE government control by automating taxes, automating redistribution of wealth, and more. Google ‘Fedcoin’ for 10 minutes or so and you will get an idea of the potential here. Whether or not Scratchcoin is your answer to this problem, more attention needs to be paid to this. Problem #3: We believe the fed may integrate the continued ability to digitally print money. In other words, they will incorporate into the code the ability to increase the supply of digital dollars at their discretion. IN OTHER WORDS, THEY CAN CONTINUE TO PRINT MONEY AND DRIVE INFLATION UPWARDS. Scratchcoin is drawing a line in the sand. We froze all US Dollars in circulation and put them in a cryptocurrency. That currency is called Scratchcoin. It is your choice. In our view there are two options. Fedcoin will be digital in 5 years (or more) and will have a supply controlled by the government Scratchcoin is digital NOW and has that same supply but fixed FOREVER If there truly is a free market for money…I like our chances. This is not an attack on any institution, just a statement of fact that the plan in place is not good enough. We envision a future where Americans lead the charge in cryptocurrency, not stand by while the rest of the world passes us by. We believe Scratchcoin is the best path toward mass adoption but if someone has a better idea by all means… ~ScratchDev www.scratchcoin.net www.scratchcoin.net/howtobuy www.scratchcoin.net/whitepaper Telegram: @scratchcoinofficial Twitter: @scratchcoin1 Title: Re: [ANN] Announcing Scratchcoin, the crypto designed to seamlessly digitize the USD Post by: Bushadamfus on August 19, 2021, 04:28:27 PM Scratchcoin is a fair-launch, community-driven, grassroots cryptocurrency. It is a simple BEP-20 token with locked LP, renounced ownership, and anti-whale protection. SCRATCHCOIN MANIFESTO Background: With the introduction of blockchain technology, we at Scratchcoin believe the world is fast approaching a digital revolution of sorts and the financial sector is likely to be the first to truly feel the impact. While we do not know the path this journey will take, our belief is that the benefits will outweigh the costs of transitioning to a natively digital currency and that blockchain will prove to be a truly revolutionary technology. However, there is a gigantic knowledge gap between the people who are creating these currencies and the people who are supposed to be using them. The public’s understanding of cryptocurrencies is so little, and the effort required to understand cryptocurrencies so great, the likelihood of mass adoption is extremely low. The public is craving a SIMPLE currency that is easy to understand. And let’s be honest, we’re trying to digitize a rectangular piece of paper not weather patterns. Let’s keep it simple. Our solution is to set the supply of our currency equal to the number of US Dollars in circulation as of the latest fed data available when Scratchcoin launched…June 30, 2021. 2.1791 Trillion US Dollars. 2.1791 Trillion Scratchcoin. This simple innovation has very big implications. There are two ways to look of this idea, each equally important. One is clever and marketable; the other is serious and critical. We shall start with the clever. The clever way to look at it. By using a familiar number of units (USD in circulation), it makes the math very easy for people to understand and visualize. If Scratchcoin were to replace the US Dollar one-for-one, 1 SCR = 1 USD. We have yet to hear a single person say they don’t understand this concept. It’s intuitive because it’s as if we took all paper dollars and put them on the internet. Simple. The serious way to look at it. Most people think that the thousands of cryptocurrencies out there are all vying for a spot at the top to take down the US Dollar. Most people believe bitcoin is the cryptocurrency community’s answer to the dollar but it is not. Experts see bitcoin replacing GOLD as a scarce commodity store of value. In our view, simple tokens will effectively sit on top of the bitcoin protocol as the de facto new dollar. Right now, the federal reserve’s plan is to release a cryptocurrency to eventually replace the dollar. Many refer to this as ‘Fedcoin’ but they are generally called Central Bank Digital Currencies (CBDC). There are three very big problems with this plan and Scratchcoin addresses all three. Problem #1: The Fed’s plan is to research and release results in FIVE YEARS!!!! That is not how technology works. We are so far behind it is not even funny. This is not a train we can slow down. The technology and infrastructure, in our view, is 95% complete and five years is not even close to soon enough. Problem #2: CBDC’s like Fedcoin have the potential to dramatically INCREASE government control by automating taxes, automating redistribution of wealth, and more. Google ‘Fedcoin’ for 10 minutes or so and you will get an idea of the potential here. Whether or not Scratchcoin is your answer to this problem, more attention needs to be paid to this. Problem #3: We believe the fed may integrate the continued ability to digitally print money. In other words, they will incorporate into the code the ability to increase the supply of digital dollars at their discretion. IN OTHER WORDS, THEY CAN CONTINUE TO PRINT MONEY AND DRIVE INFLATION UPWARDS. Scratchcoin is drawing a line in the sand. We froze all US Dollars in circulation and put them in a cryptocurrency. That currency is called Scratchcoin. It is your choice. In our view there are two options. Fedcoin will be digital in 5 years (or more) and will have a supply controlled by the government Scratchcoin is digital NOW and has that same supply but fixed FOREVER If there truly is a free market for money…I like our chances. This is not an attack on any institution, just a statement of fact that the plan in place is not good enough. We envision a future where Americans lead the charge in cryptocurrency, not stand by while the rest of the world passes us by. We believe Scratchcoin is the best path toward mass adoption but if someone has a better idea by all means… ~ScratchDev www.scratchcoin.net www.scratchcoin.net/howtobuy www.scratchcoin.net/whitepaper Telegram: @scratchcoinofficial Twitter: @scratchcoin1 https://i.imgur.com/Z401hQc.png (https://www.scratchcoin.net/) The Future Should Be Simple. Scratchcoin is Simple. 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