Just sent over 0.05BTC  

https://blockchain.info/tx/9116e095a313b234686b3f7b1a995484c4ae829825e56e8a382dad97105c2196

Please add me as well.  Thanks!

How much money do we need in order to start the coding? Or we still have to look for the people to code?

What I bolded in what you said. Euro works because you can exchange it for a product. Well if Major Piece can be used to trade for products on line then it should be able to work under the same concept.

While this is a valid argument it does not necessarily fit in to this idea quite the way you envision it. While it is true that we are relying on a bit of faith from people to believe the coin is worth what we say it is worth it is no different than a person having to put in faith that their dollar will actually mean something or that their Yen will mean something. By saying that it will be worth one euro we have already planned for part of this faith issue. Also on the issue of changing market value we have seen that this issue cannot arise because the true value will always be that of a euro. It’s not like gold or oil were the price can be arbitrarily inflated or deflated based on faith and amount of product. Also while people can hope and believe that their one dollar is actually worth more than it is it is only worth what it is at that point and time. So while people may say that the Major Piece is worth more or less then the euro they are actually wrong because it has already been decided that the value will only fluctuate directly with the value of the Euro.

It won't work due to person to person transactions, or even exchanges the dev doesn't have a relationship or an agreement with. For example, say I take all 10Mh and mine this coin during release. I decide to undercut the market by selling a large quantity at half a euro. Yes, a small transaction won't kill the market, but large transactions at less than value will destroy a currency. If you want or need any proof look at Argentina and what they've gone through for the past decade with their unstable currency.

There is a huge demand for a stable coin, but backing it with a centrally controlled infinitely inflating currency is not the answer. If he personally had 1 Billion Euro to back each individual coin, then yes, he could maintain parity with the Euro. But if not, it's just going to float like all fiat currencies do. The market will determine the value whether you or the dev like it or not. The ONLY stable currencies were those backed by precious metals. Unfortunately if you back a digital currency, you're setting yourself up for failure as we know central banks don't really care for competition. They'll use the excuse of bullshit money laundering laws to close down the precious metal warehouse, confiscate all precious metals, and for your trouble, send you to prison for a couple of decades.

I know there is no demand, because no one has asked for a digital currency backed by a fiat currency. Where is the demand coming from that is going to maintain the parity price the dev is advocating for? What store can I spend this digital currency in? Who is going to pay me thousands of Euro's if I decide to cash out? The moment you can't maintain that parity which you WON'T because the Dev doesn't have 1 billion Euro, and neither do the exchanges to maintain that price the currency will depreciate in value.

This is simple economics. What aren't you getting?

Here is an interesting chart (as of 2/6/2014):



Obviously most people (myself included), that hold a decent amount of BTC are holding them in different wallets, however the above chart shows that if your btc wallet address holds more than 0.01 BTC, that you are currently in the top 1% of the bitcoin richest addresses.

This is an interesting distribution chart, as the number of addresses holding 1k or more bitcoins is very small in comparison to the world's population.   Where do you sit?