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Title: The Big Idea.. a compromise more info Post by: MickGhee on March 05, 2015, 10:31:29 PM this is being changed
Title: Re: PRE-ANN-- Coming Soon PAYNET [PYNT] A coin For the System Post by: MickGhee on March 05, 2015, 10:31:55 PM they WANT OUR TECH WE WANT THIER LEGITIMACY. they want control we want freedom lets meet in the middle
This idea frees people from debt and uses money as a positive power for the people. Title: Re: PRE-ANN-- Coming Soon PAYNET [PYNT] A coin For the System Post by: najzenmajsen on March 05, 2015, 10:31:58 PM god damnit mickGhee you cheated man. :'(
Title: Re: PRE-ANN-- Coming Soon PAYNET [PYNT] A coin For the System Post by: Shadow_Runner on March 05, 2015, 10:32:10 PM Is this a coin?
Title: Re: PRE-ANN-- Coming Soon PAYNET [PYNT] A coin For the System Post by: ocminer on March 05, 2015, 10:33:08 PM Just one idea:
https://www.youtube.com/watch?v=cIasr2AiyZ0 Title: Re: PRE-ANN-- Coming Soon PAYNET [PYNT] A coin For the System Post by: MickGhee on March 05, 2015, 10:33:50 PM This is a concept for a coin yes
Title: Re: PRE-ANN-- Coming Soon PAYNET [PYNT] A coin For the System Post by: MickGhee on March 05, 2015, 10:35:09 PM Just one idea: very funny is that what u thinkhttps://www.youtube.com/watch?v=cIasr2AiyZ0 Title: Re: PRE-ANN-- Coming Soon PAYNET [PYNT] A coin For the System Post by: Bit_Happy on March 05, 2015, 10:39:54 PM PAYNET the official currency of SKYNET. :o
http://0.media.bustedtees.cvcdn.com/b/-/bustedtees.88caaabb-43ee-4eb3-8d47-7fcee159.gif http://images.askmen.com/entertainment/special_feature_300/339_skynet-5-things-you-didnt-know_flash.jpg Title: Re: PRE-ANN-- Coming Soon PAYNET [PYNT] A coin For the System Post by: MickGhee on March 05, 2015, 10:41:57 PM PAYNET the official currency of SKYNET. :o http://0.media.bustedtees.cvcdn.com/b/-/bustedtees.88caaabb-43ee-4eb3-8d47-7fcee159.gif http://images.askmen.com/entertainment/special_feature_300/339_skynet-5-things-you-didnt-know_flash.jpg There u go let's feed the system can't fight forever Title: Re: PRE-ANN-- Coming Soon PAYNET [PYNT] A coin For the System Post by: MickGhee on March 05, 2015, 10:42:59 PM Maybe we can link ur acct to a qr code tattooed on your hand or forehead
Maybe too much but you get it Give them what they want Title: Re: PRE-ANN-- Coming Soon PAYNET [PYNT] A coin For the System Post by: Zackgeno96 on March 05, 2015, 10:43:02 PM Just one idea: very funny is that what u thinkhttps://www.youtube.com/watch?v=cIasr2AiyZ0 Title: Re: PRE-ANN-- Coming Soon PAYNET [PYNT] A coin For the System Post by: MickGhee on March 05, 2015, 10:45:05 PM Love the video but it dosent apply here
Title: Re: PRE-ANN-- Coming Soon PAYNET [PYNT] A coin For the System Post by: MisO69 on March 05, 2015, 10:55:41 PM Your ANN is nice and short and to the point. You even left out the fancy ass graphics. Thank you. I like the idea and I like the premine idea alot.
Just a couple of things: Consider giving the premine to an escrow agent for more credibility. Let hashing power decide coin distribution. Don't limit number of coins to wallets, some people can spin up 200 cpus. But do certainly include scrypt, sha256, a GPU and a CPU algo for distro. Argument- Cryptocurrency puts the power of money creation in the hands of the people. Lets offer something back to the existing power structure. ----------------------------------------------------------------------------------------------------------------------------------------------- PAYNET- A transparent vehicle for instant transfers of funds. It will operate with REGISTERED ACCOUNTS (like name address social etc.) there will be no max supply but block rewards will be chosen and adjusted as situations arise.this will be voted on by all users with a 1 man 1 vote rule. the power will lie with a board of top 10 wallets this board will serve 2 functions 1) determine what the people need to vote for. 2 handle merchant/consumer disputes, creating buyer protection for the user. the board will operate as an incorporated entity, with all network fees going to the board (explained later) _______________________________________________________________________________ _____________________________________ DISTRO- the distro will happen primarily through a central pool. all users will split block reward equally. mine with asics or cpu u get the same. a portiion of network fees go to the strengthening of this network to ensure it is very hard for another pool to find a block (HANGMANS DILEMA) _______________________________________________________________________________ ______________________________________________ PREMINE - A huge un-godly premine will be offered as a bribe to citigroup thereby giving them controlling interest in the board... Why citigroup ? cause they just might take it. boom there u go more to come discuss Title: Re: PRE-ANN-- Coming Soon PAYNET [PYNT] A coin For the System Post by: MickGhee on March 05, 2015, 10:59:18 PM absolutely sha scrypt gpu/cpu minable trusted escrow would be citigroup hopefully. the fair distro is wset to give the guy in africa a fighting chance against us
connecting more devices wont get u more coins cause ur wallet is registered to u. 1 man 1 acct 1 slot on pool regardless now if u wanna take a chance u can go rouge but u may never find a block even with a huge amt of power cause u r fighting against the rest of the world and fair distro Title: Re: PRE-ANN-- PAYNET [PYNT] A coin For the System - Lets sell out! Post by: MickGhee on March 05, 2015, 11:29:56 PM Added existence definition of pool fees
Title: Re: This is not a joke Post by: MickGhee on March 05, 2015, 11:43:36 PM Changed title much better
Title: Re: This is not a joke Post by: djemphol on March 05, 2015, 11:55:13 PM Changed title much better I thought that you were announcing a new coin....ready to mine.....that's for sure ;D Title: Re: This is not a joke Post by: MickGhee on March 06, 2015, 12:05:59 AM Changed title much better l I thought that you were announcing a new coin....ready to mine.....that's for sure ;D Title: Re: PRE-ANN-- Coming Soon PAYNET [PYNT] A coin For the System Post by: picolo on March 06, 2015, 12:11:29 AM Is this a coin? Not yet ! A good portion of the activity of banks are very useful. They don't make the rules and the fiat system. Title: Re: This is not a joke Post by: djemphol on March 06, 2015, 12:12:32 AM Changed title much better l I thought that you were announcing a new coin....ready to mine.....that's for sure ;D Why not? Go for it.....and I'm ready to share about ideas that might be useful :) Title: Re: The Big Idea Post by: IMJim on March 06, 2015, 01:09:07 AM What the hell happened with your last project man?
I can't trust this, you made promises in your last project and failed to payback your other IPO investors as you promised and again ignore inquiries regarding this! Title: Re: The Big Idea Post by: MickGhee on March 06, 2015, 04:10:34 PM What the hell happened with your last project man? as far as xsx is concerned I did what I could laws were enacted late last year that killed it. Also both times I tried to get it going I couldn't get any support from anyone other than well wishers . I lost about 4k dollars trying to make it a success . I'm sorry it didn't pan out, but it was not due to lack of effort on my part. Many forces came together against us. Including the fincen rulings and fed government. not to mention an unwillingness amongst the community to spend coins.I can't trust this, you made promises in your last project and failed to payback your other IPO investors as you promised and again ignore inquiries regarding this! Title: Re: The Big Idea Post by: MickGhee on March 06, 2015, 04:33:07 PM Because we (miners) are giving them money transmitter status in this scenario, I think mining should still be perfectly legal . So long as they can link back to you via registered accounts
Title: Re: The Big Idea Post by: IMJim on March 06, 2015, 05:13:27 PM What the hell happened with your last project man? as far as xsx is concerned I did what I could laws were enacted late last year that killed it. Also both times I tried to get it going I couldn't get any support from anyone other than well wishers . I lost about 4k dollars trying to make it a success . I'm sorry it didn't pan out, but it was not due to lack of effort on my part. Many forces came together against us. Including the fincen rulings and fed government. not to mention an unwillingness amongst the community to spend coins.I can't trust this, you made promises in your last project and failed to payback your other IPO investors as you promised and again ignore inquiries regarding this! Yeah, I'm not sure of your intent with this reply.....is it supposed to excuse the FACT that you PROMISED IPO investors you would return their funds if it failed for any reason?! You publicly promised "that people could sue you should the project fail and you did not return their investments"! You lied straight out, then ignored post after post asking you to make good on your promise. Remarkable that you think people will trust you again with another project when you have already proven beyond a shadow of a doubt to be a, disrespectful, unprofessional and dishonest person!! Title: Re: PRE-ANN-- Coming Soon PAYNET [PYNT] A coin For the System Post by: spartak_t on March 06, 2015, 05:25:06 PM Just one idea: https://www.youtube.com/watch?v=cIasr2AiyZ0 F*ck... this guy stole my idea about FAIL. ;D No worries.. there are a lot of videos with Resitas (spanish comedian). :) http://knowyourmeme.com/memes/el-risitas-interview-parodies (http://knowyourmeme.com/memes/el-risitas-interview-parodies) Title: Re: PRE-ANN-- Coming Soon PAYNET [PYNT] A coin For the System Post by: ElmerFUD on March 06, 2015, 06:09:10 PM Is this a coin? Not yet ! A good portion of the activity of banks are very useful. They don't make the rules and the fiat system. Not exactly true considering the SEC, Treasury and other departments are generally headed and ran by x banksters... Hell, during the mortgage crisis the #1 consultant to the top SEC guy was some ex Goldman Sachs executive that was only an x employee because she left for the SEC consulting and probably received a healthy bonus and promotion when she returned to the company... Title: Re: The Big Idea Post by: jc12345 on March 06, 2015, 06:11:08 PM If a bank goes for a virtual currency, it would create its own and put millions $ into the development. The will not take over someone else's coin. The idea is novel, but think about it, why would a bank trust someone else if they can create their own super currency using their own devs and build something great.
Bank of England is already playing with the idea of creating their own coin. http://www.theregister.co.uk/2015/02/26/bank_of_england_considers_its_own_brand_of_bitcoin/ Title: Re: The Big Idea Post by: MickGhee on March 09, 2015, 05:06:44 AM What the hell happened with your last project man? as far as xsx is concerned I did what I could laws were enacted late last year that killed it. Also both times I tried to get it going I couldn't get any support from anyone other than well wishers . I lost about 4k dollars trying to make it a success . I'm sorry it didn't pan out, but it was not due to lack of effort on my part. Many forces came together against us. Including the fincen rulings and fed government. not to mention an unwillingness amongst the community to spend coins.I can't trust this, you made promises in your last project and failed to payback your other IPO investors as you promised and again ignore inquiries regarding this! Yeah, I'm not sure of your intent with this reply.....is it supposed to excuse the FACT that you PROMISED IPO investors you would return their funds if it failed for any reason?! You publicly promised "that people could sue you should the project fail and you did not return their investments"! You lied straight out, then ignored post after post asking you to make good on your promise. Remarkable that you think people will trust you again with another project when you have already proven beyond a shadow of a doubt to be a, disrespectful, unprofessional and dishonest person!! If a bank goes for a virtual currency, it would create its own and put millions $ into the development. The will not take over someone else's coin. The idea is novel, but think about it, why would a bank trust someone else if they can create their own super currency using their own devs and build something great. Bank of England is already playing with the idea of creating their own coin. http://www.theregister.co.uk/2015/02/26/bank_of_england_considers_its_own_brand_of_bitcoin/ We won't accept total control...they can't steal our movement. It's a compromise it's fair Title: Re: The Big Idea Post by: MickGhee on March 11, 2015, 02:37:54 AM If a bank goes for a virtual currency, it would create its own and put millions $ into the development. The will not take over someone else's coin. The idea is novel, but think about it, why would a bank trust someone else if they can create their own super currency using their own devs and build something great. Bank of England is already playing with the idea of creating their own coin. http://www.theregister.co.uk/2015/02/26/bank_of_england_considers_its_own_brand_of_bitcoin/ I take this away as an illustration of my point Digital currencies, the paper says, are significant because they show “that it is possible to transfer value securely without a trusted third party.” “While existing private digital currencies have economic flaws which make them volatile,” the paper says, “the distributed ledger technology that their payment systems rely on may have considerable promise.” They want it Title: Re: The Big Idea (or how to bring this to the man) Post by: MickGhee on March 18, 2015, 08:59:12 PM Surprising how no one is looking at this at all. Fcc has claimed the web and that includes the blockchain it's only a matter of time before they take this away from us . We need to strike first or we will lose the power to create our own monies ... You naive fools
Title: Re: The Big Idea.. a compromise more info Post by: MickGhee on March 21, 2015, 02:02:35 AM updated
Title: Re: The Big Idea.. a compromise more info Post by: Everething on March 25, 2015, 11:20:05 PM Interesting. I'm gonna come back to this tomorrow.
Title: Re: The Big Idea.. a compromise more info Post by: Crestington on March 26, 2015, 05:02:51 AM Ok a rather interesting idea,
So this would be a POW only Coin then? or POS type? It seems a bit over complicated and may be likely to stall out due to lack of interest, most users just go along for the ride but would probably never vote and unless given enough time they may not update and feel leftout/cheated as the ones with the voting power may do it just for greed. I remember some Coin a while back that has some kind of Proof of Vote but the main developer didn't mention it at all until he was able to just vote everyone else out and for the Blockchain. Title: Re: The Big Idea.. a compromise more info Post by: MickGhee on March 31, 2015, 04:56:44 PM well this is just working theory what is important is we get it used by the financial system. there needs to be some sort of disbursement with the people creating the money and the system controlling it. the people should off set the system in some way .and the system should be able to offset the people in some way. kind of like politics where there is so much in fighting and greed that its hard to change things. greed is not bad if it can be directed in the right way like innovation, not commercialization. u could use greed as tool if u use it right
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