I understand bro, but there's a 1.4 billion audience that would consider it.

Do you have to smoke and eat crap hamburgers to invest in Malboro or McDonalds?  No, you do it cause you know the masses will like it and whether you agree with this coin in a religious level you have to admit that the church does help a lot of poor needy people religious or not they don't turn anyone away.

Has bitcoin done anything for your or your neighbor lately? 

I'm not Catholic but I am Christian and I think a lot of Christian people and non-believers would greatly benefit from such a coin.  And if it succeeds all religions will adopt their own coins so the whole world will be better off.  Well, until one particular religion uses that money to pay off, you know, jihadists.  But those people have money anyway, its not like we're gonna ban the dollar cause terrorists use dollars to build their strap-on bombs.

Just saying.  You can't stop progress and this is progress and the NFL, NBA, etc and CatholicCoin, MormonCoin, will all want in on this.  It's like the church saying no to the benefits of the Internet. It's not gonna happen.  Everyone with a name will want their coin.

Spiral,

You seriously think it's a bad idea to launch a coin cause it only has 1.4 billion members and leaves out the rest?  Are you kidding?  Ever hear of billion dollar niche markets?  I'm ok with 1 million members and I'm awfully happy with 1.4 billion Catholics.

And what, Apple and Amazon have to appease their shareholders you say, but the NFL, or the Catholic Church have no need for money or better supply, logistics and marketing?  That's just absurd.

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Is this so parishioners won't have to sully the sanctuary with their offerings bearing the image of pagan gods?
Report to moderator 

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I'm not sure what that has to do with embracing technology and a new industry which can bring in a lot of money. There is no question that the Catholic Church has helped many poor and orphaned people throughout the ages. That is a big plus and this type of thing can add to that positive.

I wondered about that.  I hope not.  It should be open domain.  I mean, I can start a catholic school, right, based on catholic beliefs and nobody can stop me.  But I can't open up a Nike shop the same way.

I don't see how they can patent a religious name since they're not selling any goods with that name on it but I could also see this going to court.

That's like saying why did anyone start freicoin, litecoin, devcoin and so on when they could have all been part of bitcoin.  That's absurd.  The answer is simple: because you can and because having your own coin means a lot more money and control for you as the founder of that coin.  If the NFL can make just $1 billion they'll start their own coin.  

And if bitcoin made over $1 billion and nobody has hardly heard of them then you can bet if these alt coins get hot the NFL will make a lot more than $1 billion.

And besides the cashflows you have to understand the other benefits.  Supply and logistics would see a huge boon in savings and then there's marketing.  Marketing to a direct audience when you have full access to their wallets and they're using your own version of instant cash - these are wet dreams for any corporations.

Why else do you think Amazon launched their own money?  Why didn't they just put up a big sign: we accept bitcoin?  Why did apple just apply for a patent for Apple's own crypto money, iMoney?  The benefits are enormous and the cashflows are only half for story.

I thought about that and you could be right but the way I saw it was that ChristianCoin or ChurchCoin (and I own the domain for the latter as well) is too vague.  People like labels because they're clear.  It's an identity.

If you ask a catholic what religion are you, most will not say Christian, they will say Catholic.  That's their identity, that's who they are and it means a lot to these people because it makes up a large part of who and what they stand for.  So I think each Christian religion would do better with their own coins such as the Mormons would not want to be bunched up with Catholics and vice versa.

And then distribution, can you imagine all the Christian denominations fighting for their cut?  This way each one stands for their own version and with their own base of followers and gain their respective profits if there are any. 

Well, I might as well be the first one to post on here since it seems nobody is interested in what I think is an unbelievable idea and one which will definitely take off once alt coins become mainstream and the masses clamor for their own favorite coins.  

But until then - I'll just troll myself.  LoL.

But seriously, someone out there has got to see the massive appeal here.  It's almost instant success, there's so little that needs to be done if people really do take to crypto-coins the way I think they will.  

And if sports will have their own coins (I can't imagine the NFL not cashing in on their fan base) then why wouldn't one of the world's largest and biggest religions not want to benefit from this new industry.  

I think it will be a natural progression but it first needs to become blatantly obvious and that may take another year as most people on this planet are not early adopters.  

Everything is riding on Bitcoin's ETF Application and most experts think there is no way the US government will give it to them while I think it's a 100% done deal.  If I'm right then alt coins are less than a year away from their biggest run ever.  

Things are just getting started and I firmly believe they're gonna heat up and inflate more than the dot com boom.  That's why getting in early with any of these new alt coins is imperative so hopefully there are some like minded people on this forum.

Ok thanks.  I've been asking everyone and nobody seemed to know anything.  I don't know what a sub forum is, I post on numerous threads and none had the new topic link.  But thanks so much for solving this problem.  I don't mind now patently earning my previous badge title. 

Thanks to everyone who pitched in.  Greatly appreciate it!

Dude, that worked.  Where or how?  From what I read on here there should be a new topic button on any thread you are on.  And there isn't. 

Thanks so much!

This thread is for the proposition of the world's first religion based coin:  CatholicCoin.

My argument is that all of these alt coins have garnered some pretty good attention and in some cases pretty good value and they're not offering anything unusual.

Well, why not launch a coin which comes with a massive built-in loyal, fan-base - a coin which actually stands for something more than money?  I mean, if you can name a coin after a feather and offer zero goods and services and have it succeed then imagine a religion coin which offers a new idea and a special purpose.

And this new concept is that you can now invest in your faith, your church - as this coin will automatically divert or donate a large portion (i.e. 25%) of these coins to your particular faith (no strings attached) and so you can invest in an investment vehicle - a crypto-coin while at the same time create wealth and cash-flows for your church and directly help all of the many individuals which will in turn be helped by your faith entity, such as the Catholic Church.

Any and all money created by a CatholicCoin will be new cash-flows for your church which would otherwise never exist.  It's essentially like a new product line only there's nothing to sell as one simply invests in a CatholicCoin instead of a different speculative investment such as bitcoin, an investment which would do no direct favors or benefit your faith, church or beliefs in any way.

So if you're going to mine or buy an alternative currency why not be part of the one which most closely matches you and what you stand for, why not invest in a coin which gives back much the same way you would?


-  Please keep discussion on the business side of a CatholicCoin or I'll cite you for spam.  I realize some people don't like the idea of a Christian Coin but 3 billion Christians wouldn't mind so keep others in mind.  Not everybody likes hamburgers but McDonalds does fine and if you don't like it you don't bash them you just go next door to Subway.  

Please be civil - this idea is a business idea, it can only benefit the masses and if it brings in even a small % of Catholic Christians then investors in such a coin win twice.  

Thanks!

- I have CatholicCoin.com and every other variation locked in. -

I'm looking at the top and bottom of these pages where start topic should show up and I see nothing. I've looked and looked and its just not there.  So I'm not missing anything, I simply can't start a new thread.  And yeah, a full member should at least be able to start a new topic, that actually cuts down on supposed spam and trolling so the earlier you can get off someone else's thread and start your own the better.

I've been shouting out about this for a week and nothing.  I almost got banned for trying to raise my post count in desperation to start my own thread.  You're the first who said newbies can start a new thread so maybe there's something wrong in my settings. 

Can an admin or a mod please help me out?  Much appreciated!

Tell me about it.  I worked hard to earn my previous badge and now I'm stuck trolling boards and getting warnings for spam cause nobody wants to talk about a different coin as everyone is out to pump their own interests.

And I get that but this is ridiculous.  I imagine most people in my place would just give up and that's a huge loss to bitcointalk.  They should do more to keep their good, contributing members.  One day they won't have such a monopoly.  I think I've earned at least the right to start a new thread but obviously in the name of anti-spamming they have silenced a lot of other people who actually bring something positive to these threads.

And if you miss just one day in a full year then you can't be a hero member?  That can't be right.  For a lot of good people these blogs are a learning and communication tool, it's not their lives.  Many have families, jobs, personal issues and missing 1 day shouldn't eliminate an otherwise great contributor.  

Content and quality should matter more than repetition and missing one day or even a few days over the span of a full year shouldn't bar a great contributor from earning that badge when before others were doing it in as little as 2 weeks.  This has gone from one bad extreme to the other poor extreme.  

Can you do that for my account.  I have been posting for a week now and my 70 post rating hasn't budged even by 1. I'm pretty new here but I have been very active and about 2 weeks ago I had some family issues and couldn't post for about 10 days.  I got knocked down to 70 from nearly 400.  I was nearly a hero member.

This is a good idea but people who earned certain priviledges like starting a new thread should'd be stripped of everything just Cause they can't post everyday.  Losing your crown, your title of Hero should be enough.  It's hard because it stifles communication, and blogs like this are all about communicating and getting rid of spammer is all about increasing productive communication and this new rule kind of gets rid of the bathwater, baby and the tub.  

It's like cutting off the arm to get rid of an annoying splinter.  It's bad for bitcointalk just as much as the spammers it tried to get rid of. You don't want to lose your good, dedicated posters who simply can't post on a daily basis.  

For example, I want to discuss starting a CatholicCoin right now, but I can't because everyone gets offended if I bring it up in their thread.  So who knows how long I have to wait now.  Imagine thousands of guys in my position, this new rule inhibits progress and open communication so something needs to be added to get rid of spammers while empowering the users who earned their priviledges.  

Thanks.

Anybody know at what point someone can start their own thread.  I was a near Hero member a few weeks ago before this new rule and was able to start my own threads.  Then I wasn't able to post for about 10 days and now I can't seem to budge from this 70 level.

I've been posting for a full week now and I'm still at 70.  There needs to be a moving average added to the formula to smooth things out.  Someone ranked at 400 shouldn't lose it all overnight and then lose all the privileges like starting a new thread.

 And maybe reserve some rights for those who earned them at some point, don't knock them back down to zero privileges. Some people have other things going on or maybe family issues and can't post everyday.  Taking everything away isn't a good way to promote this blog.  Soon there will be many more popular coin blogs.  

Once Bitcoin gets its ETF it's gonna be an Alt-Coin feeding frenzy and make no mistake, Bitcoin 2.0 is coming.

Thanks in advance for any advice.

Lawyer,

I'll give you some proof.  You say devcoin has to go from a market cap of $244,000 to $7 Billion.  That's a 291 fold or roughly 29,100% return.  The best I've ever seen was DELL's 54,000% from 1991 to 2000.

Did you research these other alt coins yet?  I did.  In a matter of 2-4 months Litecoin went from roughly 2 pennies to $3 and stabilized.  That equals 150 fold, that would put us at about $5 Bilion market cap.

Namecoin went from $.001 to $1 and stabilized just below $1.  That's an increase of 1,000 fold or 100,000% which would put Devcoin closer to like $25 billion market cap.

Can you find any cashflows, present or in the future for these other coins?  ZERO.  None even planned.  That's actually shocking to me, especially for Bitcoin.

So like I said, given we currently have roughly a 1% participation rate in alt-coin investments, if or rather when Bitcoin gets an ETF and as a result takes alt coins mainstream, even a 10% participation rate will cause a frenzy in the alt-coin market and devcoin can fairly easily reach $1.  

This is as clear as day to me.  Don't bother with the numbers, these things have already been pre-planned by the powers that be.  Unless of course, you believe people can fly all of a sudden and break all the other laws of physics.  It's just not possible.  

There can only be one plausible explanation for all of this:  massive collusion and manipulation - in the highest degree and on every level.  And that ETF license should just about prove it cause the pros on wallstreet are right - there's no way the US govt can give that license to Bitcoin.  

But watch, they will, and without any issues or reservations.

Congrats Marticps, that was my top pick.

I'm really surprised at how few people actually voted.  I thought we had hundreds of active members.  This design is one of the most important aspects of Devcoin yet hardly anybody voted.  Really not a good sign - most people must think this is just another thing for them to be involved in when it's clearly so much more than that.

Lawyer,

You're talking about devcoin reaching $1 as if there's some fundamental analysis prerequisite behind all this.  Bitcoin has been very stable around $100, except for this current dip.

Can you do the same analysis for a worthless asset, like Bitcoin, with ZERO future cashflows, currently being valued at over $1 billion?  Can you do a present value (NPV) of Bitcoin's [ZERO] future cashflows and you can even use a high risk 25% discount rate.

Lol, you can use a 1,000% discount rate cause the answer will be the same, a net present value of ZERO, cause bitcoin has no cashflows even in the works.  This is literally like walking on water, yet educated people everywhere keep plugging in numbers as if they matter.  It's strange.

Just the same, if Bitcoin gets to $1,000, that means there's going to be an alt coin frenzy and by the same mechanics or exhuberance, devcoin can reach $1 which I'm aware of will be roughly $7-$9 billion market cap by next year.  And on the contrary, at least Devcoin has some sort of business plan and potential future cashflows, that's something Bitcoin hasn't even dreamt up yet.

It's all Utterly meaningless.  This is the same logic the media uses and wallstreet to say bitcoin will never get the ETF license.  I have 2 degrees and I think just like you and I see the fundamental flaws just like you but once in a while you have to look up at what's really going on in the world.  All of this has nothing to do with math or fundamental logic, but politics, power, society and the future.  

Good luck.

Volatility is the name of the game for another year or two.  If Bitcoin gets its own ETF then that will bring in many millions in various exchanges And also new investors. Eventually you get liquidity and less volatile swings. Until then just buy at these ridiculous lows cause if Bitocoin hits $1,000 next year then its very possible for Devcoin to see $1. 

There's a 1,000 to 1 ratio afterall so its very possible and if Bitcoin gets an ETF then I think $1,000 per bitcoin is almost a guarantee.