Interesting project, keeping an eye on this.
Am I correct in understanding that UPM will not be on any exchanges for at least the first year?
that is incorrect. UPM will be on exchanges when exchanges choose to include eUtopium. My mistake then. The interpretation I got from the distribution model was that distribution was the focus & it will take a year, that and the fact I couldn't find any info on exchanges.. no problem. the distribution model was meant for explaining the mining/crowdfunding mechanism. once UPM is in the hands of users, those coins belong to the free market, and may probably find its way to an exchange soon after launch. details of UPM on exchanges will be posted after launch, when need be. I'll follow the topic to see how things evolve.
Good luck!
thank You much appreciated |
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All UtopiaCoin updates will now go here: https://github.com/AltcoinAdam/UtopiaAll academic and whitepapers will also be housed in this same repository, under the folder 'education', where the .pdf versions can be downloaded for your reference. Future papers will also be added here. Don't forget that once released, eUtopium is a fully open-source project, with transparency & trust in mind. |
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Interesting project, keeping an eye on this.
Am I correct in understanding that UPM will not be on any exchanges for at least the first year?
that is incorrect. UPM will be on exchanges when exchanges choose to include eUtopium. |
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Utopias don't have unfair distribution models where the first month produces 20% of the currency. That's called "early adopter utopia"
why does having an early 20% on the market make it unfair? and unfair to who? also, how do you think this compares to now commonly seen 3 month or less PoW distribution phases? |
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Current Crowdfunding Status:BTC total = 6.45 BTC UPM total = 200,000 UPM Price per UPM = 0.00003225 BTC/UPM Time left = 4.5 days Ball is in your court; it is your choice and price to make.Some have asked me about the fair price mechanism in place. All is based on @onemanatatime's formula from back in February:  via https://twitter.com/onemanatatime/statuses/431198852671352832The formula has been further improved to suit current economic conditions of the Cryptocurrency market. ===
Proof-of-Fairness (PoF) Mechanism
A fair-price mechanism will be in place, in order to uphold fairness. The initial crowdfunding phase will take place over a period of 7 days, or less. During this phase, 20% of the maximum eUtopium supply will be released to all worthy investors, for they have taken the largest risk in this ongoing experiment. An unlimited BTC can be invested, because you make the choice. Hence this is fair, because I do not dictate. There is a maximum cap BTC, which is undisclosed to you. There is a cap, but u don’t know; for when hits, then all will know. As above, so below.
"When money be of merely value, then money's true reason is but distribution. hence, my job will be done. for, the community will take over, then all will be free, and all in the now." ~ @AltcoinAdam
Have questions? Ask, and i shall answer. Could you explain us with details what you made to improve @onemanatatime's formula? Time flies in crypto. Since feb, the formula has become almost obsolete if using the very same magic numbers. So to make it better, it has been compared with various new altcoins that have launched over the last 4 weeks, and a new magic number has been formulated. eUtopium is a new altcoin that will launch on 1st August 2014. This new improved formula & magic number has been embedded into the BTC Cap that has been placed for this crowdfunding period for 20% of all UPM supply. Hence, once I feel that the "maximum fair price" has reached, the crowdfunding period will come to an abrupt end. This may happen on or before 1st August 2014. The only goal here, is to ensure that the interest of all crowdfunders and investors are taken care of, not just during the crowdfund period, but throughout the whole (one year) period of distribution. The 1 year distribution system of eUtopium has also fully considered the implications of this Fair Price Mechanism, and hence great importance was placed in attaining fairness & balance between 2 main parties; the miners and the investors. In order to satisfy both parties for the whole lifespan of the coin, we are the first altcoin to have envisioned & implemented an infinitely growing parabolic in distribution and value for attaining eUtopia. Furthermore, with this distribution system of fairness in place, initial investors will hold a relatively large portion of total supply for an extended period of time (i.e. 40% will be distributed to early investors of eUtopium in 1st month). While the remaining 60% will be distributed to later adopters at an increasing rate for 11 months, with only 13% released on month 11, and 20% on month 12. The implications of doing so, are that early adopters will continue to hold the greatest buying/selling power compared to the later adopters, for the longest possible period of the distribution period. At the same time, miners are also equally rewarded as the crowdfunders (investors), as month 1 distribution is split equally among both parties, while late adopter miners will enjoy an increasing mining reward over time. I believe that the one true utility of money, is distribution. Hence, eUtopium has been built with this core principle in mind. To attain Utopia, I believe that fairness and transparency must be at the core of the distribution scheme, before all else. Interesting. You're right, that formula was obsolete and apparently you has readapted it well, congrats
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eUtopium's Goal is to fund education, and academic work to find true truth. In particular, eUtopium's focus is on 2 main topics of interest, namely Cryptocurrency economics, and secondly Social Media (marketing). As promised, we are releasing our first three academic papers about Social Media today, with one new paper to be released everyday of the week up to the launch of eUtopium. To read all Academic Papers falling under Utopia's Education Arm, please refer to this folder (new papers will also be added here): eUtopium Education Arm: Academic PapersIndividual papers include:1) Social Media: Bridging media platforms & engaging customers 2) Social Media: Customer reviews & webcare 3) Social Media: Relationship between users & businesses 4) Social Media: Hashtag Killer Campaign === If you have an interest in any mentioned related topics, would like to suggest a topic for a paper, or contribute to write for eUtopium, please contact me. |
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Don't forget that the crowdfunding period lasts only for another 5 days, and 20% of maximum supply will be split between all investors.  |
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Some have asked me about the fair price mechanism in place. All is based on @onemanatatime's formula from back in February: via https://twitter.com/onemanatatime/statuses/431198852671352832The formula has been further improved to suit current economic conditions of the Cryptocurrency market. ===
Proof-of-Fairness (PoF) Mechanism
A fair-price mechanism will be in place, in order to uphold fairness. The initial crowdfunding phase will take place over a period of 7 days, or less. During this phase, 20% of the maximum eUtopium supply will be released to all worthy investors, for they have taken the largest risk in this ongoing experiment. An unlimited BTC can be invested, because you make the choice. Hence this is fair, because I do not dictate. There is a maximum cap BTC, which is undisclosed to you. There is a cap, but u don’t know; for when hits, then all will know. As above, so below.
"When money be of merely value, then money's true reason is but distribution. hence, my job will be done. for, the community will take over, then all will be free, and all in the now." ~ @AltcoinAdam
Have questions? Ask, and i shall answer. Could you explain us with details what you made to improve @onemanatatime's formula? Time flies in crypto. Since feb, the formula has become almost obsolete if using the very same magic numbers. So to make it better, it has been compared with various new altcoins that have launched over the last 4 weeks, and a new magic number has been formulated. eUtopium is a new altcoin that will launch on 1st August 2014. This new improved formula & magic number has been embedded into the BTC Cap that has been placed for this crowdfunding period for 20% of all UPM supply. Hence, once I feel that the "maximum fair price" has reached, the crowdfunding period will come to an abrupt end. This may happen on or before 1st August 2014. The only goal here, is to ensure that the interest of all crowdfunders and investors are taken care of, not just during the crowdfund period, but throughout the whole (one year) period of distribution. The 1 year distribution system of eUtopium has also fully considered the implications of this Fair Price Mechanism, and hence great importance was placed in attaining fairness & balance between 2 main parties; the miners and the investors. In order to satisfy both parties for the whole lifespan of the coin, we are the first altcoin to have envisioned & implemented an infinitely growing parabolic in distribution and value for attaining eUtopia. Furthermore, with this distribution system of fairness in place, initial investors will hold a relatively large portion of total supply for an extended period of time (i.e. 40% will be distributed to early investors of eUtopium in 1st month). While the remaining 60% will be distributed to later adopters at an increasing rate for 11 months, with only 13% released on month 11, and 20% on month 12. The implications of doing so, are that early adopters will continue to hold the greatest buying/selling power compared to the later adopters, for the longest possible period of the distribution period. At the same time, miners are also equally rewarded as the crowdfunders (investors), as month 1 distribution is split equally among both parties, while late adopter miners will enjoy an increasing mining reward over time. I believe that the one true utility of money, is distribution. Hence, eUtopium has been built with this core principle in mind. To attain Utopia, I believe that fairness and transparency must be at the core of the distribution scheme, before all else. |
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Spirituality freaks should not get on the internet and vomit their stupid ideas all over it.
who's being stupid here? let's discuss your fantastic ideas. i'm all ears. |
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Some have asked me about the fair price mechanism in place. All is based on @onemanatatime's formula from back in February: via https://twitter.com/onemanatatime/statuses/431198852671352832The formula has been further improved to suit current economic conditions of the Cryptocurrency market. ===
Proof-of-Fairness (PoF) Mechanism
A fair-price mechanism will be in place, in order to uphold fairness. The initial crowdfunding phase will take place over a period of 7 days, or less. During this phase, 20% of the maximum eUtopium supply will be released to all worthy investors, for they have taken the largest risk in this ongoing experiment. An unlimited BTC can be invested, because you make the choice. Hence this is fair, because I do not dictate. There is a maximum cap BTC, which is undisclosed to you. There is a cap, but u don’t know; for when hits, then all will know. As above, so below.
"When money be of merely value, then money's true reason is but distribution. hence, my job will be done. for, the community will take over, then all will be free, and all in the now." ~ @AltcoinAdam
=== The ball is now in your court. It is your choice to make, to seek the knowledge and keys, to activate the eye that can see. Thank You for making eUtopium possible. Utopia will be here shortly.  Have questions? Ask, and i shall answer. |
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Would also love if you had an update regarding zerocoin/coinjoin dev etc
Just checking in. How is the MegaCoin community doing today?  i wonder what Hazw3rth thought about the pump last night ?  thank you Kimoto and everyone who's doing good things for the future of Megacoin! I've been reading all the great entertaining posts here every day. (if this forum had a facebook "like" button, I'd be pressing "like" on most of them.)
yes please Doctor, been a while for next step....
thanks
 GRANDPA JOE: You're a crook! You're a cheat and a swindler! That's what you are. How can you do a thing like this? Build up a little boy's hopes and then smash all his dreams to pieces. You're an inhuman monster! DR. KIMOTO: I said Good Day! GRANDPA JOE: Come on, Charlie, let's get out of here. I'll get even with him if it's the last thing I ever do. If Hazw3rth wants a Gobstopper, he'll get one. (Long pause.) CHARLIE: Dr. Kimoto . . . (Charlie leaves the Gobstopper on Dr. Kimoto's desk.) DR. KIMOTO: So shines a good deed in a weary world. Charlie . . . my boy . . . You won! You did it! You did it! I knew you would; I just knew you would. Oh, Charlie, forgive me for putting you through this. Please, forgive me. Come in, Mr. Pari$lover. Charlie, meet Mr. Pari$lover.. Born of a Frenchman who found his Southern belle. (Pari$lover--formerly known as Hazw3rth--enters.) PARI$LOVER: Pleasure. CHARLIE: Hazw3rth! DR. KIMOTO: Non, no, that's not Hazw3rth. He's a supporter. We share values. Everything is connected Charlie. CHARLIE: A supporter? DR. KIMOTO: The world had to test you, Charlie. And you passed the test. You won! GRANDPA JOE: Won what? DR. KIMOTO: The jackpot, my dear sir, the grand and glorious jackpot. CHARLIE: The Megacoins? DR. KIMOTO: The Megacoins, yes, the Megacoins, but that's just the beginning. We have to get on, we have to get on; we have so much time, and so much to do. Zerocoin. Strike that. Reverse it. Yes. Coinjoin. This way please. We'll take the Gravity Well. Step in, Charlie. Grandpa Joe, sir. This is the Great Kimoto Gravity Well. GRANDPA JOE: It's a diff algo. DR. KIMOTO: It's a Gravity Well. Standard algos can only go up and down, but the Gravity Well can go sideways and slantways and longways and backways . . . CHARLIE: And frontways? DR. KIMOTO: . . . and squareways and frontways and any other ways that you can think of. It can take you to any room in the whole factory just by pressing one of these buttons. Any of these buttons. Just press a button and ZING! You're off. And up until now I've pressed them all . . . except one. This one. Go ahead, Charlie.  CHARLIE: Me? (He pushes the button.) DR. KIMOTO: There it goes. Hold on tight. I'm not exactly sure what's going to happen. Faster, faster . . . If we don't pick up enough speed, we'll never get through. CHARLIE: Get through what? DR. KIMOTO: Ah-ha! GRANDPA JOE: You mean we're going . . .? DR. KIMOTO: Up and out! GRANDPA JOE: But this roof is made of gigahashes. It'll shatter into a thousand pieces. We'll be cut to ribbons! DR. KIMOTO: Probably. Hold on, everybody. Here it comes. (The Gravity Well crashes through the roof and flies into the sky.) GRANDPA JOE: You did it, Dr. Kimoto, congratulations! DR. KIMOTO: Get up. Take a look. CHARLIE: Grandpa, our town looks so pretty from up here. GRANDPA JOE: Yeah, look over here, Charlie. I think I see our house.  CHARLIE: Wow. GRANDPA JOE: It really looks beautiful. CHARLIE: There's my school, Grandpa. DR. KIMOTO: How did you like the Megacoin factory, Charlie? CHARLIE: I think it's the most wonderful place in the whole world. DR. KIMOTO: I'm very pleased to hear you say that because I'm letting you run it. That's all right, isn't it? GRANDPA JOE: You're letting Charlie run the--? DR. KIMOTO: The factory belongs to all the supporters, so who can I trust to run the factory when I am busy and take care of the Oompa Loompas for me? Not a grownup. A grownup would want to do everything his own way, not mine. That's why I decided a long time ago I had to find a free spirit. Unconstrained by any other coin. Most deserving of a chance. A very honest, loving free spirit to whom I can tell all my most precious coin making secrets. CHARLIE: And that's why you released with those ports. DR. KIMOTO: That's right. So the factory's all yours to command, Charlie; you can start immediately. GRANDPA JOE: And me? DR. KIMOTO: Absolutely. CHARLIE: What happens to the rest of-- DR. KIMOTO: The whole family. I want you to bring them all. (Charlie hugs him.) But Charlie . . . don't forget what happened to the man who suddenly got everything he always wanted. CHARLIE: What happened? DR. KIMOTO: He lived happily ever after. CHARLIE: He, and all else, lived happily ever after. GRANDPA JOE: Of course. For we all are one, and we all can be. |
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Right then. I have stocked up on some delishious MEC ahead of Kimoto's new project announcement and Birthday celebrations tomorrow Bring it oooon. oh im so excited, perhaps i should buy some more? Birthday party so wild, Oh so excited for new project, Can't wait much longer, end of this week. Megacoin forums. RSVP and Change of clothes! -xoxo Kimoto But I have no clothes.. only but my birthday suit, and a fig leaf since I ate the fruit. |
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LOL this is too complex for me xD
nothing is too complex if you can make all the keys. for keys are all that need to find simplicity in all complexity. This coin is run by a bunch of hippies.Utopia's concept itself is impossible.
But Eutopia is. If so, utopia, is just but a possibility. So please don't say it's impossible, because adidas said so. Instead, say #ididitdas, because all is possible, and you will do it too. Why do you speak in broken sentences and riddles? You're scaring my dogs.
Maybe your dogs are scared of you. That's perhaps why these broken sentences and riddles seem but riddles and words to you. For dogs know no fear, as a child do, lest you instil fear upon them too. roses are red violets are blue. pet your dogs, spend some time with them too. for all thats red and blue, only ye can decipher for them; if blue is yellow to them, then green is red too. a doge is a pet, who knows nothing but to love. so be a friend of them, for they're the friend of man. all are related, hence all are broken sentences are riddles, so read them and listen too. JERRRRYYYYY!!!!
TOOOMMMMMM?  |
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   === eUtopium [UPM] ( @Utopium_) was designed by @AltcoinAdam, manifested by @CryptoKeymaker. In this reality, this, is Proof-of-Utopia (PoU). eUtopium was built solely upon the Proof-of-Utopia (PoU) Thesis, while exact specifications were designed in collaboration with Quantum Holdings ( @QTMHoldings) & the Erasmus School of History, Culture and Communication ( ESHCC). Utopium will be the first-ever self-sustaining, crowdsourced & crowdfunded cryptocurrency project, which acts as a social enterprise and social experiment for education. One with an infinite goal of attaining Utopia through the act of first seeking, then teaching true truth.In a World where only Truth can prevail, Perception is everything, because there are Multiple truths as much as there are Multiple Dimensions within One Universe.0. eUtopium Distribution ModeleUtopium utilizes a Proof-of-Work (PoW) distribution system, for a time period of 1 human year. Thereafter, eUtopium will be secured based on at least Proof-of-Stake (PoS). However, nothing is fixed. Things may change, because eUtopium is an ongoing academic experiment, in and of itself. First and foremost, the one goal of eUtopium’s distribution system is that of achieving fairness. To seek fairness, Utopia will harness all available knowledge, so as to discern truth from none. This is because all is knowledge, and with knowledge, we will know all. If, eUtopium turns to be fair, then we have our first version of Proof-of-Fairness (PoF). Because, life is an experiment. This distribution period can be broken down into 2, the first month, and the remaining 11. In the first month, there are two modes of distribution, namely crowdfunding and mining. The crowdfunding period will last up till 1st August 2014, 00:00 EST, when eUtopium launches. The crowdfunding period may close earlier than expected, if the hidden magic number BTC cap in place is hit. More details below.  Phase I - Early Adopters - High risk high reward - Month 140% will be distributed in first phase; high intensity, short period of time. To reward earlier investors, fairness must also be in place. As such, equal chances are given to both miners & investors. 20% is distributed before launch in the form of crowdfunding, while the other 20% is done via PoW mining at a constant rate throughout the month, same like every month. Phase II - Late Adopters - Low risk low reward - Month 2 to 1260% will be distributed; low intensity, long period of time. Mining happens at an increasing rate over time. if t=12, the rate decreases at a rate of 66.6666%, or 2/3 per month to form a downward parabolic towards t=1, which begins at 1%. It is also estimated to increase at a rate of 50%, or 3/2 per month, to form an upward parabolic towards t=12. Phase III - Post-distribution - Slow AdoptersAfter t=12, distribution will be handled via the free market, where the market chooses a price. Therefore, during this third phase, eUtopium will have been fully distributed.  Proof-of-Fairness (PoF) MechanismA fair-price mechanism will be in place, in order to uphold fairness. The initial crowdfunding phase will take place over a period of 7 days, or less. During this phase, 20% of the maximum eUtopium supply will be released to all worthy investors, for they have taken the largest risk in this ongoing experiment. An unlimited BTC can be invested, because you make the choice. Hence this is fair, because I do not dictate. There is a maximum cap BTC, which is undisclosed to you. There is a cap, but u don’t know; for when hits, then all will know. As above, so below. "When money be of merely value, then money's true reason is but distribution. hence, my job will be done. for, the community will take over, then all will be free, and all in the now." ~ @AltcoinAdam1. eUtopium SpecificationsSpecifications: PoW algorithm: NIST5 Total (distributed) coins = 1 million Non-distributed coins (% of block mined) = 1% Initial block time = 1 minute Initial block reward = 10 eUtopiums Others: Estimated PoW life span = 1 year NIST5 is used because it is energy efficient, produces less heat, and popular. All non-distributed coins will be distributed to fund academic work and education only. Coin will launch one week from now, or before the 29th of July, 2014. Crowdfunding ends when coin launches. To enhance the fairness-mechanism, the chosen BTC cap is based on academic research and further improvements about the fair-price indicator.  “Because life is an experiment, Utopia is an ongoing project. eUtopium will provide the necessary data, experiments, and knowledge required to write athesis at the end of 1 year from here. This thesis will be one academic paper falling under the Utopian arm of education, adding onto a library of whitepapers of truth and knowledge that already exist. Furthermore, eUtopium will represent the experiment, project, andlife, in and of itself. eUtopium, will be my Utopia, where money is not important, where only coins are.” ~UtopiaManifested, @Utopium_Here is the Whitepaper for eUtopium [UPM], on which all of eUtopium and Utopia will be based on: "We have one but year, for the distribution to be done. For then, the tribulation may have already begun. Fear not, for only the truth will set you free. Hence, seek knowledge, because knowledge is all. But seek, also just so we can be all. For all to be, there can only be, one, the one that you have chosen as is be."
=== eutopia (yOO-tō'pē-u) noun Obsolete. a perfect place in which human society, natural conditions, etc., are so ideally perfect that there is complete contentment. 2. Utopia: Coming sooner than you think... “The lack of #money for the work of preparation; only thou can bring peace.” ~ @AltcoinJesus- Life is an ongoing experiment. But all is a game of perception. - |
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OP writes like my best friend growing up.
...who is clinically insane and schizophrenic. Totally out to lunch.
Deep philosophy and currency of any kind have not meshed well together throughout humanity's entire history. This coin will fall on its face.
hey old buddy. how long do you think humanity's history shall be? and how, did it ever come to be? This coin, if it falls, then on the face, all shall fall. Shock ！！  Peace ！！  |
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Stop hogging the pipe OP, its puff puff pass
the jebus has spoken. welcome forth another dev that wants to be #RichLikeIE GL guy! thank you. but why is IE rich? |
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Newbie releasing coin.....smells like last weeks Fish..... It would look better if you just asked people to send you there spare Bitcoins At lest then they couldn't bitch later  send me all your spare bitcoins please eUtopium already saved my life. Twice.
how so, for twice? I don't know why the man with the afro is thinking about chasing a multicultural selection of teenagers. But yes choose your adventure. Lets see!  see, we shall. more importantly, learn we will. for education is the only one all. |
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