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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Gocoiner on January 04, 2014, 03:55:18 PM



Title: GoCoineR::Your Private P2P Exchange and Bank system
Post by: Gocoiner on January 04, 2014, 03:55:18 PM



GoCoineR exchange website accept BTC and LTC, GCR will be acceptable later. www.gocoin.com
GCR alpha wallet is ready for investors: https://bitcointalk.org/index.php?topic=406298.new#new
$2000 bounty for developer thread: https://bitcointalk.org/index.php?topic=399323.msg4318245#msg4318245
10PTS bounty for translation thread: https://bitcointalk.org/index.php?topic=399284.msg4317762#msg4317762
Tips for someone to help answer GoCoineR questions thread: https://bitcointalk.org/index.php?topic=399260.msg4317393#msg4317393
Thanks for those who encouraged me.

I am very excited to announce that I am now working on a new DAC project – GCR.

The new DAC have:
a) Your own computer is your private bank, you can deposit and withdraw money anywhere there is an internet in the world even on your smart phone.
b) Easy to exchange with local fiat currency(USD, EUR, whatever). Capability to hold a stable user-defined value, such as an ounce of gold or U.S. Dollar, with no need to trust a person promising to back up that value.
c) Additional security features to make your money much harder to steal.
d) Built-in support for a distributed currency exchange.
e) Built-in support for distributed betting (no need to trust a website to coordinate bets).
f) Built-in support for "smart property" which can be used to create and transfer property such as titles, deeds, or stock in a company.

This is a significant improvement over anything we've had before. This DAC has been started since the end of Sep 2013, and you can finally get a piece of it today!
The name of the new DAC is ‘GoCoineR’, and it is 100% message-based, meaning that it encodes all its protocol data as hidden messages in the block chain which have special meanings, such as placing a bet, or transferring GoCoineR to another address.
Once you own GoCoineR, you have the building blocks for creating GoldGCR, USDGCR, EuroGCR, and any other real-world asset you can imagine! These child currencies will then be ‘meta stable’(holding their values as long as they remain sufficiently backed by GoCoineR held in escrow). Their target values are maintained by protocol actions which control the available supply.

Whether you are a miner or an investor, we've got a way for everyone to help grow the GoCoineR Ecosystem. As I am planning to contact III company to get some support, so you have two options, choose any of them you prefer – PTS/BTC. If I can work with III company successfully, all the PTS owners will have 10% stake of GCR which means if you have 100 PTS, you can get 10 GCR. You'll need the private keys for your ProtoShares balance to claim your GCR distribution. If your balance is held at an exchange, the exchange will hold the private keys and be able to make the claim. However it is uncertain how different exchanges will handle this. To be certain of receiving your full distribution, I recommend holding your full balance off-exchange, and in a single address for simplicy.

PTS/BTC raised in the fundraiser will be used to fund the development of software implementing the GoCoineR. The fundraiser was structured like a kick starter, but it is also an investment. If we're successful, the purchased GoCoineR could be worth a tremendous amount of money someday. Thanks to everyone who would like to participate, help us raise the original foundation of PTS/BTC. We will track every expenditure of that money in a public ledger: https://docs.google.com/spreadsheet/ccc?key=0At0-X5eyFeDQdHNpYVlfREdQbFVTV1ktRjBlMmlVS0E&usp=sharing

Do not attempt to purchase or use GoCoineR with a web wallet such as MtGox or Coinbase (YOU COULD LOSE YOUR MONEY). You must use a wallet where you can control a sending address by sending all your funds to that address first, then creating a ‘message’ by sending funds from that address in a special format. Web wallets such as BlockChain.info will work fine, since they give you complete control over the addresses in your wallet.

If we pay bounties, sell PTS or BTC to pay salaries for services then we have no way to prevent those individuals from deciding to reinvest back into the fund.  From a block chain perspective it will be very hard to audit this behavior without us freezing the funds. We will be as transparent as possible about where we spend the funds and this should make it clear that we are not recirculating funds. In this business trust is everything so we will protect our integrity in this area because without it we are sunk.
I have created a google docs XLS sheet to track all expenses paid from the GCR fund. Our goal is to make everything as transparent as possible.
https://docs.google.com/spreadsheet/ccc?key=0At0-X5eyFeDQdDRLaEkxcDdmWVVGUVpsdnJTZUUyUFE&usp=sharing

How to Get GCR?

It couldn’t be easier. From now on, there will be 10 million GoCoineRs up for grabs in a new patron competition every day for 30 days.
10%(1 million) of them will be reserved for Protoshares owners.
45%(150,000) of them will be available to Protoshare investors everyday.
45%(150,000) of them will be available to Bitcoin investors everyday.  
That's ultimately 10,000,000 total GCRs.
Those who donate Bitcoins to this GUL address will proportionally split 150,000 GCRs:

1GULkbrUQuivwjS33F0Pk3BLcJWLD6YfFw

Those who donate ProtoShares to this Pevy address will proportionally split 150,000 GCRs:

PeVYS7rueCFzpK3ifXHXT5ByvoHaqg2Dq8

Every day the GCRs are divided among those who donated that day.
Be vigilant! Watch for slow days and anyone can snag some great bargains.

You can monitor these addresses here:
https://coinplorer.com/PTS/Addresses/PeVYS7rueCFzpK3ifXHXT5ByvoHaqg2Dq8
https://coinplorer.com/BTC/Addresses/1GULkbrUQuivwjS33F0Pk3BLcJWLD6YfFw
https://blockchain.info/address/1GULkbrUQuivwjS33F0Pk3BLcJWLD6YfFw

Don't send donations from anywhere but your own wallet!

DAC developers will initialize their genesis blocks to honor the key where your donation came from!

What happens to all the donations?

100% of the proceeds go to growing the crypto-equity industry.
Funds will be used to encourage new developers with salaries, grants, contracts, and bounties to build everything from small components to entire new GCR.  They will be used provide a free high-quality Developer's Toolkit giving DAC developers a huge head start. They will be used for advertisements, conferences, promotions and give-aways to stimulate interest in the new industry and to provide opportunities for everyone to contribute.  They will be used for legal advocacy for the ecosystem in many jurisdictions.  Anything that we believe will grow the value of GoCoineR DAC that honor the contributions of GoCoineR and PTS holders.

Partial List of Risks
Thanks for your interest in GoCoinR!You should be aware that investing in currency experiments is really, absurdly risky. There are a huge
number of things that could go wrong. I'll list a few of them here, but this is by no means all of them:
a) I could lose the bitcoins and thus not be able to continue funding this project. While I'm taking every precaution I can think of to make sure funds sent to the GUL/Pevy address are not lost or stolen (the wallet is backed up and only accessed from an offline-only computer), history shows that people have a hard time keeping their bitcoins safe.
b) Your own bitcoin wallet could be lost or stolen, taking your GoCoinR with it.
c) I could be slow. I don't plan on quitting my job (unless millions of dollars are raised), and regardless of how much money is raised, I have three small children, my lovely wife and parents who take priority over anything else.
c) Someone else could do it better. I may have first-mover advantage, but first-mover is rarely the long-term winner. Especially if I am slow, there is a big risk someone else will take the lead.
d) My bank ideas might not work. I think they will, but that remains to be proven.
e) There could be legal trouble. If the government tells me to quit working on this, I probably will. I'd gladly hand over the project to someone else, but there's no guarantee that someone will step up.
f) Please also be aware that GoCoiner are not in any way equity. They don't give you ownership of any company I might start, and they certainly don't give you voting or control over this project. I plan to be the biggest GoCoineR purchaser, but even if someone else buys more than I do, that doesn't give them majority ownership, or any other rights or privileges. GoCoineR is an experimental currency, P2P exchange or bank system built on top of another experimental currency (Bitcoins).

The risks (and potential rewards) are extreme.Finally, anything I say here or anywhere else should not be considered investment advice. Please consult a financial advisor before investing in GoCioneR (they will probably have a heart attack at the thought).


About me:
a) I've been a software engineer for over 8 years focused on air plane control system which is much more complicated than bitcoins.
b) I've been studying bitcoin protocol since the end of Jan 2013(very late to join bitcoin community but later is better than never).

You can find out more details about DAC at III company website: http://invictus-innovations.com/i-dac/

DO YOU WANT TO WORK FOR GOCOINER?

We have a ton of work to do, and you can help and get paid for your help!

The variety of things we’re doing is staggering. We have:
a) People frantically working to build their own wallets and independent software projects.
b) People writing specs for various features big and small.
c) A upcoming Documentation Contest.
d) A PR company.
e) IT
f) Research level problems e.g. Dark Exchange and Economics Research into GoCoineR value.
g) Project Management

Hiring
And many more…
The scope of all these jobs varies, there’s room for people to give an hour here and there to help document, through working a few days on a spec, to full own project leadership and innovation – you can essentially create your own startup based within the GoCoineR ecosystem (soon you’ll have Smart Property and will be able to launch your very own Autonomous Application).


Title: Re: GoCoineR::Your Private P2P Exchange and Bank system
Post by: markm on January 04, 2014, 03:59:26 PM
Wow this latest fashion in scams is wildly popular isn't it?

The text seems kind of stolen too, doesn't it?

-MarkM-


Title: Re: GoCoineR::Your Private P2P Exchange and Bank system
Post by: Gocoiner on January 05, 2014, 03:02:25 AM
We wanted to give people some time to digest the system before the daily auctions start that way everyone has equal opportunity.


Title: Re: GoCoineR::Your Private P2P Exchange and Bank system
Post by: Nullu on January 05, 2014, 03:07:13 AM
Quote
Partial List of Risks
Thanks for your interest in GoCoinR!You should be aware that investing in currency experiments is really, absurdly risky. There are a huge
number of things that could go wrong. I'll list a few of them here, but this is by no means all of them:
a) I could lose the bitcoins and thus not be able to continue funding this project. While I'm taking every precaution I can think of to make sure funds sent to the GUL/Pevy address are not lost or stolen (the wallet is backed up and only accessed from an offline-only computer), history shows that people have a hard time keeping their bitcoins safe.
b) Your own bitcoin wallet could be lost or stolen, taking your GoCoinR with it.
c) I could be slow. I don't plan on quitting my job (unless millions of dollars are raised), and regardless of how much money is raised, I have three small children, my lovely wife and parents who take priority over anything else.
c) Someone else could do it better. I may have first-mover advantage, but first-mover is rarely the long-term winner. Especially if I am slow, there is a big risk someone else will take the lead.
d) My bank ideas might not work. I think they will, but that remains to be proven.
e) There could be legal trouble. If the government tells me to quit working on this, I probably will. I'd gladly hand over the project to someone else, but there's no guarantee that someone will step up.
f) Please also be aware that GoCoiner are not in any way equity. They don't give you ownership of any company I might start, and they certainly don't give you voting or control over this project. I plan to be the biggest GoCoineR purchaser, but even if someone else buys more than I do, that doesn't give them majority ownership, or any other rights or privileges. GoCoineR is an experimental currency, P2P exchange or bank system built on top of another experimental currency (Bitcoins).

In big ole' bold, right on the first page. Just in case anyone with green-tinted specs glossed over these caveats.

Best of luck to you.


Title: Re: GoCoineR::Your Private P2P Exchange and Bank system
Post by: sva_h4cky0 on January 05, 2014, 05:21:28 AM
Wow this latest fashion in scams is wildly popular isn't it?

The text seems kind of stolen too, doesn't it?

-MarkM-


reminds me of angelshares https://bitsharestalk.org/index.php?topic=1863.0  ::)


Title: Re: GoCoineR::Your Private P2P Exchange and Bank system
Post by: wwtree on January 05, 2014, 05:51:13 AM
let me c...


Title: Re: GoCoineR::Your Private P2P Exchange and Bank system
Post by: testz on January 05, 2014, 06:08:54 AM
Probably will be better if you contact bytemaster and get funded from AngelShares fund instead to get funding here. It's will look better and you also get support from ProtoShares/BitShares community.
For me, your idea looks like idea of BitShares itself. For open discusion please post your DAC information here: https://bitsharestalk.org/index.php?board=9.0


Title: Re: GoCoineR::Your Private P2P Exchange and Bank system
Post by: bytemaster on January 05, 2014, 06:14:17 AM
This is a complete SCAM and is copying our fund raising scheme for BitShares.   Do not send money to these addresses.


Title: Re: GoCoineR::Your Private P2P Exchange and Bank system
Post by: Gocoiner on January 05, 2014, 07:16:04 AM
This is a complete SCAM and is copying our fund raising scheme for BitShares.   Do not send money to these addresses.

I respect you as a hero member, so I don't want to argue anything. Let the market and time to decide.


Title: Re: GoCoineR::Your Private P2P Exchange and Bank system
Post by: Gocoiner on January 05, 2014, 07:25:48 AM
I did not realize that so many people have a passion on the project. There are several translations being done. I don't speak other languages, so the one the public prefer will get the bounty. Thank you for your support.

Reminder, by the end of IPO, no matter how many PTS/BTC we received, we will split all the GCRs to those donors.


Title: Re: GoCoineR::Your Private P2P Exchange and Bank system
Post by: ipsum100 on January 06, 2014, 12:08:54 PM
I did not realize that so many people have a passion on the project. There are several translations being done. I don't speak other languages, so the one the public prefer will get the bounty. Thank you for your support.

Reminder, by the end of IPO, no matter how many PTS/BTC we received, we will split all the GCRs to those donors.

You did not pay the translation, if not paid will be considered a scammer.
My translations will not be part of a scam.


 Please pay today.

 

 


Title: Re: GoCoineR::Your Private P2P Exchange and Bank system
Post by: Gocoiner on January 06, 2014, 12:32:34 PM
I did not realize that so many people have a passion on the project. There are several translations being done. I don't speak other languages, so the one the public prefer will get the bounty. Thank you for your support.

Reminder, by the end of IPO, no matter how many PTS/BTC we received, we will split all the GCRs to those donors.

You did not pay the translation, if not paid will be considered a scammer.
My translations will not be part of a scam.


 Please pay today.

 

 

We will not only pay for you, we will pay for others. I have announced(https://bitcointalk.org/index.php?topic=399284.msg4317762#msg4317762) that we will pay once the IPO is end. If every workers want the payment at once, there would be a big pressure for our financial. Thank you for your support. Now we have Spanish, Russion, Arabic and Chinese version.  I also noticed that French, Italian and German version are in progress. It is a very good start.

I think you will not only want 10 PTS, what we are doing is very excited, P2P exchange and bank system may change your daily life. The GoCoineR client is ready, but still have many bugs, we also need to find a talent developer to work with us. Hopefully the client will be launched in 30 days as the quality of the client and system as a whole is paramount.


Title: Re: GoCoineR::Your Private P2P Exchange and Bank system
Post by: BitcoinsChina on January 06, 2014, 12:42:39 PM
Not bad. So I will be patient for the payment. https://bitcointalk.org/index.php?topic=399516.msg4320736#msg4320736.

Moreover, I have invested 20 PTS once I got this thread, please confirm. I prefer to wait for the official client to the beta one. Hate bugs!!!


Title: Re: GoCoineR::Your Private P2P Exchange and Bank system
Post by: tangle on January 06, 2014, 12:53:06 PM
I did not realize that so many people have a passion on the project. There are several translations being done. I don't speak other languages, so the one the public prefer will get the bounty. Thank you for your support.

Reminder, by the end of IPO, no matter how many PTS/BTC we received, we will split all the GCRs to those donors.

You did not pay the translation, if not paid will be considered a scammer.
My translations will not be part of a scam.


 Please pay today.

 

 

We will not only pay for you, we will pay for others. I have announced(https://bitcointalk.org/index.php?topic=399284.msg4317762#msg4317762) that we will pay once the IPO is end. If every workers want the payment at once, there would be a big pressure for our financial. Thank you for your support. Now we have Spanish, Russion, Arabic and Chinese version.  I also noticed that French, Italian and German version are in progress. It is a very good start.

I think you will not only want 10 PTS, what we are doing is very excited, P2P exchange and bank system may change your daily life. The GoCoineR client is ready, but still have many bugs, we also need to find a talent developer to work with us. Hopefully the client will be launched in 30 days as the quality of the client and system as a whole is paramount.

Make it half now, half after IPO to prove you're legit.


Title: Re: GoCoineR::Your Private P2P Exchange and Bank system
Post by: Gocoiner on January 09, 2014, 06:09:28 AM
GCR alpha wallet is ready for investors:
https://bitcointalk.org/index.php?topic=406298.new#new


Title: Re: GoCoineR::Your Private P2P Exchange and Bank system
Post by: MsCollec on January 09, 2014, 08:20:51 AM
Is this your website, http://invictus-innovations.com/i-dac/? looks the one visncoin gave me, are you in same group??
https://bitcointalk.org/index.php?topic=398447.msg4297541#msg4297541


So many noises, read the thread carefully and make your decision. I said our team change the BTC address for genesis block purpose. We are trying to find out which way is better.

1. Concensus+POS
2. concensus+POS+POW

For more details we can learn from the ancestor: http://invictus-innovations.com/social-concensus

VIRUS DETECTED DONT OPEN LINK MY SCREEN JUST WENT BLANK

So many noises, read the thread carefully and make your decision. I said our team change the BTC address for genesis block purpose. We are trying to find out which way is better.

1. Concensus+POS
2. concensus+POS+POW

For more details we can learn from the ancestor: http://invictus-innovations.com/social-concensus


VIRUS DETECTED DONT OPEN LINK MY SCREEN JUST WENT BLANK

Your are not good at lying. I would like make a copy here. And we are trying to contact Invictus-Innovations Incorporated to see if we can join the DACs.

Contentcopy of the link http://invictus-innovations.com/social-concensus

Quote
Statement of Social Consensus a.k.a. “Social Contract”

Google defines a Social Contract as “an implicit agreement among the members of a society to cooperate for social benefits.” Another term that means the same thing is Social Consensus.  We use the terms interchangeably, but prefer Consensus because it is more accurate and because the term “contract” may invite undeserved scrutiny by regulators in many jurisdictions.   It also emphasizes the two-way nature of the consensus.   It is beyond our control to prevent a copycat from forking our open source code in a way that fails to honor our promises.  It is up to the market to reject this, or not.

Our first and only formal Social Contract prior to this is for ProtoShares.  It was published in our October newsletter and again in our forum on Nov 3, prior to genesis on Nov 5, 2013:

At our DAC’s pre-published launch time, Invictus will initialize the DAC’s genesis block
to precisely match the current unspent outputs of its corresponding ProtoShares blockchain.

A week later we informally generalized this to at least 10% of all our DACs. 

All chains shall be derived from ProtoShares,
with a 1:1 mapping and 10% of the ultimate money supply of that chain.

The 10% requirement is a minimum, since any number greater than that also satisfies the promise.  The 1:1 mapping and 10% minimum together set an upper limit on the number of shares a DAC may allocate.  If only 1.5M PTS exist at DAC release, then 15M is the derived upper limit to number of shares for that DAC.  We reserve the right to scale the share count to the needs of each DAC while preserving percentages for all stakeholders.

In this document, we are for the first time formally defining our view of the integrated Social Consensus for ProtoShares, AngelShares and BitShares. We also clean up the language to better comply with the laws of our jurisdiction. To that end, Invictus will only develop, endorse, support and promote DACs that meet all of the following applicable consensus requirements:

For all third party DACs:

Allocate at least 10% of its equity to ProtoShares holders at genesis.

For all Invictus sponsored DACs:

Allocate at least 10% of its equity to ProtoShares holders at genesis.
Allocate at least 10% of its equity to AngelShares holders at genesis.
Allocate the last 80% at the discretion of each DAC developer.

We have chosen 50-50 for our first DAC to equally honor mining-lottery and patron-donor schools of thought. 

For our first BitShares DAC:

Allocate 50% of its shares to ProtoShares holders at genesis.
Allocate 50% of its shares to AngelShares holders at genesis.

We will scale the total share count to 4 million shares, equally divided between the two schools.

This makes all of our early supporters “official BitShares distributors” for those who arrive later!
We can't think of a more fair and decentralized way to make shares available to them.

We hope you agree.

Specifications for the last 80% of other future DACs will vary with developer according to their business model and marketing strategies and shall be specified prior to their genesis.   Until they are defined formally on this page, all forum discussion is for the purpose of reaching consensus, and any sharing of our current thinking does not constitute a commitment to any specific course of action.


Title: Re: GoCoineR::Your Private P2P Exchange and Bank system
Post by: MsCollec on January 09, 2014, 08:29:57 AM
This is a SCAM, please don't fall for this.. All IPO are run by the same group of individuals


Title: Re: GoCoineR::Your Private P2P Exchange and Bank system
Post by: shanent on January 09, 2014, 07:42:15 PM
I do for him a translation...wasted time !


Title: Re: GoCoineR::Your Private P2P Exchange and Bank system
Post by: MsCollec on January 09, 2014, 09:37:03 PM
I do for him a translation...wasted time !


They are all scammers at least you didn't invest in his scam.
https://bitcointalk.org/index.php?topic=406452.msg4405019#msg4405019


Title: Re: GoCoineR::Your Private P2P Exchange and Bank system
Post by: MsCollec on January 11, 2014, 07:35:36 AM
FUCK!
SHIT!

Sorry :-[


Title: Re: GoCoineR::Your Private P2P Exchange and Bank system
Post by: Gocoiner on January 13, 2014, 12:04:07 PM
GoCoineR exchange website is available now, we accept BTC & LTC, GCR will be acceptable later. www.gocoin.com