Bitcoin Forum

I am a self taught expert in many fields that believes bitcoin and related cryptography technology is the biggest innovation since the internet. I believe in this technology because it solves widespread issues that amazingly still exist in the world today like long transaction times, banks taking up to 7 days to transfer money. Transaction fees, it's insane the amount you have to pay to use your own money. Central banking the nerve some of these people have that they think they have a say if and when you can access your own money.

$100,000 of my own wealth will be locked into a new crypto that I will create. This Crypto will then be broken up into 100 shares (note: I am considering breaking it up into 1000 shares) that will be distributed to members of the crypto community. The application process to have a chance at receiving a share will be up shortly. All participants can only get one share and I will receive one share. I am an expert in many things but to do with this matter more specifically economics and finance and I believe this crypto could x100 in growth and I would be able to receive back my $100,000 investment if I wished simply by this appreciating in value.

This Crypto will not be doing an IPO of any sorts but simply an initial contribution of $100,000 by me to create a sort of diamond standard. You may have heard litecoin is silver to bitcoins gold, well then this crypto will be diamond to bitcoins gold.

When the application proccess is up you will have to demonstrate any achievements you may have had in the cryptography field, how you would further this crypto and what services you could provide it (get vendors to accept it, run a service that would accept it at the start etc.) by having a strong high number of effective people holding this crypto it would have the backing of one of the best communities in crypto.

What other developer can you say has such faith in their project that they will put in $100,000 of their own money and believe they can get that all back with their projected x100 growth? I'm not saying I would immediately dump at x100 all, to tell the truth it is highly unlikely I will sell this for fiat.

I am already working on the coin and the remaining coding itself will not take that long, on the technical side I would be able to launch this coin very soon. technical details of the coin will be up in do time along with an official announcment. I am however keen to see the interest the crypto community has in this project so leave any thoughts you may have.

creating to get 100x growth in what fiat? whats the point? enough cryptocurrencies around already why not just support one as an alternative to fiat rather then a fiat creation tool?

Well if this is true, the wisest thing you can do is sign on as many developers as you can. I'd be interested in managing such a project.

Dr. Finance is apparently not a self-taught expert in spelling

Ummm... does it take 100,000 USD to make a crypto/protocol? That Nakomoto fellow must've been one hell of a rich fellow before he created the protocol then :P

lol

Seems legit

LOL! If you're really going to invest 100K of your own money in this project, then prepare yourself for making a huge loss.

100K will be 10K after 5 or 6 months  :'( :'(

Application and Official Announcement will be available shortly.

Interesting.

Hit me up for Graphic Design.

G.

I'll be following this. Are you going to use a new hashing algorihtm? And how you are going to use the fiat. I see you are a coder yourself but are you going to hire more developers or is it for marketing?

Can you explain this further? It almost sounds like you're suggesting you will buy your own crypto.

interesting. sign me up for a share!  ;D

Oh god, you're not going to create an IPO are you? :P.

Put that 100k in an escrow to show you're serious.

I'm starting to smell an approaching IPO........

make it 1 million usd
http://upload.wikimedia.org/wikipedia/en/1/16/Drevil_million_dollars.jpg

Remember to promote luxury lifestyles for the early birds in your ponzi scheme.

Their is no IPO.

You do realize that starting a new account to announce your "investment" is a dead giveaway right? Obviously if you are putting that much cash into something you must be quite ecperienced in crypto and spent a decent time in Bitcointalk. You you choosing to ignore all "history" and credibility checks and then attempting to pull that dead rabbit out of your hat? A fail of Greek proportions :P

You are going to need a spokesman

One BILLION DOLLARs?

I haven't done much besides donate a little hash power.. But I would take some of your giveaway coins

stop leaving one word replys such as claiming.

Not sure if scam or retard

Their is no IPO and I am not asking for financial donations so how is this a scam? And how am I a retard?

*sigh*  There

"Their" or "There"?

Enquiring minds want to know!

My $.02.

;)

Sorry.... couldnt help it  ;D

https://i.imgur.com/MVoxJaV.png

Here's my turn for the $0.02.

Let's get this straight -

1) You claim you're a "self-taught expert ... in many fields";
2) That you want to start your own cryptocurrency;
3) That you're willing to back it with $100,000;
4) And you're expecting to have people jumping at you such that you can sort through their qualifications like it's a list of girls wanting to date you.

Let me address the above, point-by-point.

1) First off, you're tooting your own horn major here. Anyone who indeed has the qualifications usually need not say it. They speak, and the eloquence that flows out of their mouth demonstrates to others that they have an innate interest in what they are trying to sell as much as their prospective clientele. You haven't demonstrated that inherent trust yet. How are we supposed to take what you say at face value seriously if you're sitting there ballooning your own ego? You throw out economics, finance, and cryptography and talk about advertising and marketing like they're all trivial fields, and I assure you, they're not.

2) Starting, backing and promoting a cryptocurrency is a multi-man effort, unless you happen to be a graduate from Harvard School of Business with another bachelor's in Computer Science (and significant experience in this field and open-source in general) and you have access to, and can pitch to, a large enough scope of people to make the first two qualifications even near relevant. Too much ambition is called insanity for a reason.

3) This is just crazy. First of all, it's crazy to throw that level of your own money into any unproven technology, knowing that which coins succeed and which fail is mostly anecdotal at this point (although, if you're a "self-taught expert", I expect you to have found some trends...), and you could very well tank out and end up with squat. I suspect this is mostly a ruffling of your feathers, so feel free to post your transfer check stubs, transfer receipts, or any other form of media that would even start to suggest you actually made such an investment. You can't make a show of force without punching something or stomping on someone's head.

Secondly, supposing that you have 1 share out of 1,000, that means that you have $100 out of your original $100,000. That also means you would need to undergo gains in excess of 1,000 times before you would stake a profit. I see two core flaws with this - the first one being amount of exposure, the second one being rate of exposure.

Amount of exposure - if there's only 1,000 shares in existence, you're looking for transactions between 1,000 entities only to appreciate to *1,000 the initial value. What most people are going to do is do exactly what you seem to have in mind. Sit on the golden egg. So, assuming 20% actually use and exchange this "currency",  you're looking at 200 entities trying to appreciate three-orders-of-magnitude gains in a time-table that will have you see a profit. Unless you're investing Zimbabwe money, that won't happen.

Rate of exposure - you haven't talked about whether more shares can be created by any way through mining, but I suggest you go to the valuation tables for BTC and look at how long it took to go from a (roughly) initial value to that value *1,000. Keep in mind, when doing so, that if you're going to limit your initial disbursement amount to 1,000 people, that Bitcoin had a couple orders of magnitude greater people working toward its mining and those numbers are what you consider for how fast a cryptocurrency will appreciate or depreciate.

4) This ain't gonna happen with anyone that fits the range of people you're looking for. As I just finished writing, you need to instill confidence, and this certainly ain't the way to go through with it. You want to attain confident, smart people that can generate returns for you? Good luck with this being the first set of posts you've made where you're displaying a level of egotism that people of longer stature on these forums don't.

You haven't contributed anything of remote value to any of the (valid) inquiries/criticisms people have posted on your thread. Nor have you posted any details about the inner code workings of your currency, or about how the system is designed to be transacted. I would call Ponzi scheme on this, but it doesn't even appear to be that. It appears to be a poorly-thought-out project by a person who expects poorly-informed plebians to carry him to a poorly-thought-out endpoint by simply donating their developing and promotion means. You haven't explained any way that this will return a profit, other than saying you have a share?

How do you intend to enter negotiations with exchanges that allow your shares to be converted to that thing that actually matters (i.e. cash)?
How do you intend to make your "$100,000" investment bona fide into shares as opposed to just being a clever attraction tool?

Until we get actual answers from you as to the inner workings of this whole otherwise-crackpot idea, I'm calling bluff/scam on it all. You want to change my mind? Provide me with meaningful answers that aren't deflections.

Like I said this was just a post to gauge interest and not anything official. I said the official Announcement along with the application process will be up at a later date.

You'd get more interest if you cut it with the BS one-liners. You want interest, you give details up-front. If you go look at the actual announcements for the other altcoins they all specify up front their principles.

Mush in, mush out.

b.hash

a scammers favorite fallback line!

very vague with no calculations, no proof, no insight, etc
you are only asking for money and those who pay will have to work for the privileged of paying you, while you do nothing
you claim it is not a scam, prove it!
$100,000 from a Nigerian bank?

A:  Put money into Huntercoin(HUC)
B:  Profit 100x
C:  Buy yacht and salt shakers full of cocaine.

I'll match whatever you put up. give me a BTC addresss and i will send my coins

Wow,who are you?Why should we believe you?

From a Zimbabwean bank. You can purchase $100 trillion Zimbabwe notes for about $30 USD. Sounds about right.


Salt shakers o' yayo. Sounds like it's worth ripping off a bunch of unsuspecting bitcoin n00bs, huh?

You should research before you post, so you don't look like such a cum guzzler. Huntercoin is a way that noobs can get into digital currencies.

Huntercoin is the shit and I was saying that about "medical cocaine".  Future stuff :D

Dog, chill. I was sharing the joke about salt shakers full of cocaine and making fun of the OP's concept, not expressing derision at your post. If you'd read just a few pages up, you'd see that I'm a fairly vocal critic of this thread's premise. Bit of cynical humor, that's all. Apologies for making it rather ambiguous.

I'd love to see the day when medical coke becomes a thing.

Ah shit! My bad for not reading!


God that would be wonderful... I mean I can't see why it wouldn't be medical some day! Moderation and medicine management!

Shit, it'd be the Midwest Blizzard every day at my house haha  ;D

http://3.bp.blogspot.com/-aMN-MuwrXnk/TwYPvQyyjbI/AAAAAAAAAiE/bAoH8FEOJyw/s1600/scarfacesnowman.jpg

California FTW

https://i.imgur.com/kYRds1M.jpg

I dare them to make coke medical :D

Are those garbage bags? Holy hell.

It'd fix more problems than it creates.

I understand full premining here.


The pump part ?


So the dump part, on your believers ?

Sorry to be harsh but this plan is retard.
You'll lost your invest or you'll have to scam peoples to get back your money.

With 200 BTC you have enough to pump/dump most altcoins and make a profit.

Also, if that's true you shouldn't expose this publicly and work with a private team only. You're probably just a rich kid, don't fool yourself.

this is one the best startup ever!

I mean instead of the community paying for the ipo, the freaking dev is paying for the full ipo and giving it out to the community this is like opposite of war!

im in! If others don't want their share, im happy to take hold of them too! what is there to complain when you are offered free things that has a 100k backed value.

Seriously though, use a spellchecker.

And agian if your going through with this im down for some coins. I'm sure once you prove its legit some more trusted members would want in.

Nobody invest to that kind of shit. Please don't make new cryptos anymore. They all are waste of time and money.

Maybe its something more revolutionary that a coin... like one of those soft brown things that comes out of me arse :P

From what i read OP is not asking for any investments. Did i miss something here?

This is how it all starts. Then it ends with all I require now is your credit card number :P

People who fall for that... well NVM gonna stay political

Am I missing something? How does the $100,000 actually get invested?

Stashing a wad of cash in an account while simultaneously creating 1000 shares of thin air doesn't magically make those shares have any intrinsic value.

Assuming the OP will be willing to buy coins from an exchange if the price or volume gets to low.

Sounds like a pretty long shot to be honest
Good luck...

well just get some heroin. every doctor give that out!
 it is even over the counter at pharmacies and on the shelf at most supermarkets!