If you bought early BRAG about it. This is the place to do it  

2012 - $8 (seals. I won't say any more).


Now get on with it already

I own a boatload of altcoins and I'm not rich. I own them because I can, and they are fun to play with. You can get free bitcoin at a 100 different faucets (an amount of some value you would have to actually work for GASP).

Whatever, what a stupid post.

Sounds like the perfect Xmas gift to me!   For the record carbon and carbon offsets are the same thing - you're buying the offset. I sometimes use these terms interchangeably. If the price goes up or down you have a capital gain or loss (like a stock). In your example you could also buy at 1 satoshi and sell at 16 as well, though we haven't seen the price going up lately unfortunately. Adoption will help IMO.

Larger for-profits, non-profits and even gov's could eventually be buyers, however the coin is definitely designed to be empowerment for the little people. It's for the small solar guys and biofuels upstarts that need carbon credits that big entities trade with each other (albeit the gov makes them, which ultimately is a non-starter). No one can really control you owning it (like bitcoin) or trading it between each other, or holding a 5M winner-take-all poker night with your friends.

Good marketing: I cannot agree more. It will be tough to figure out how to "message" carbon and then one day it will suddenly be super easy. That day has not yet arrived.

I think PoS is a definite eventuality. It is not in my wheelhouse to do such things though so I would need to reach out and find someone interested in consulting on the project (if you know anyone send them my way).


Good stuff, keep it coming, and glad you're interested.

speculation and use are mutually exclusive. Bitcoin might rally to 4000 on no news whatsoever. And those threads trying to explain that move will be as useless as this one trying to describe the lack of a move...

1 hr 41 minutes to hit block #334,487

GreenCoin being backed in carbon means you can trade it like carbon and not just this altcoin nonsense. for example, here is the Allcoin market:






And here is what the exact same trading data could look like as part of a carbon trading website:







A site like this is a first: it's basically coin-agnostic. Users trade carbon not coins (and greencoin becomes the backend mechanism the carbon exchanging runs on top of). Note that all this takes is using the Allcoin data and multiplying BTC by the exchange rate to get $ amount, and the GreenCoin / Carbon exchange rate to get the amount of carbon (currently 31323.95 GRE per kg CO2). Otherwise it is the exact same data. To some extent I agree with Lightsplasher that Bittrex ultimately isn't really necessary, and they would actually be a competitor. But it is nice to have an exchange now so folks can buy now if they like the coin or the overall idea and there can be some adoption of the coin throughout the altcoin community (which hasn't happened much to date).

An open market, private-ownership peer-to-peer carbon offset asset currently exists exactly nowhere in the world today. I'm drinking my own kool-aid, so take that as a caveat, but in my opinion, there is a HUGE, untapped phantom market bursting at the seams to get their hands on something like this credit. And for me? I don't really care if someone else did it, I'll just run the Foundation and make sure the coin has the necessary carbon integrity. Somebody could make a lot of money or an exchange or carbon service like this: somebody with a good web dev team (integrating the customer experience with the carbon story is critical) and really crafty marketing.

Also, the mining conundrum was always an element we thought starting out would be broached downstream; either go PoS or some other solution, depending on the risks versus rewards (PoS does have some double spending concerns I've read right?). I don't feel a coin reboot is necessary. The folks that have been involved up until now deserve their stake for their effort and time, and given the size of the ecosystem. forking in some code changes would be acceptable. We did this back at block 150k when panda added merged mining.

Well they want a coin to have 0.2 BTC per day average over 7 days which is 1.4 BTC total right (or does every day need to be above 0.2?). If they take 0.25% fees that only equals 0.0035 BTC per week, or ~$1.25. Certainly if I paid $1300 to get on the exchange I would give them this weekly to stay on it.

oddly with the price down around 3 satoshi, and that price is low obviously, but GRE begins to price carbon for close to what it might be "worth." Per kg it prices CO2 at:

3 satoshi * 1e-8 (BTC/satoshi) * 31,262.22 GRE per kg CO2 * 352 $/BTC = $0.33 per kg CO2

This is equivalent to $2.97 per gallon of gas or $0.36 per kWh produced purely by coal. That is, if you wanted to offset the carbon of utilizing these sources, that would be the cost of the carbon. Obviously GRE is an open market system, so it doesn't require a gov't agency to step in and force a coal company to buy the coins. Instead, it rewards the solar producer or the biofuel producer for offsetting carbon difference with a payment in newly minted GRE, for free. The demand comes from environmentally conscious carbon buyers who want to hold GRE (CO2) for purposes of creating a better world (and doing so with an asset that can change in value, and if it goes up, make a return). If a biofuel producer can receive GRE at the source for producing the biofuel and sell it at parity with gas or diesel at the pump (say $2.50), then they essentially make $5.47 in revenue per gallon. This is how we think we solve the global carbon problem - by adding a social value to the carbon offset for renewable producers. In turn, more producer come on board to receive a piece of the GRE distribution, furthering carbon reduction.

In a global sense, anthropogenic emissions total 35 Gigatonnes, or 35,000 billion kg of CO2. That's a big number, but what does it mean? Well the GDP last year was ~$85 trillion, or $85,000 billion. At $0.33 per kg CO2, 35 GT of emissions = $11.6 trillion or 13.6% of the GDP. The question becomes, is this the price of carbon? The market decides ultimately, but if carbon affects the GDP more than this figure (in terms of net negative climate change affecting productivity) than carbon needs to be more expensive, if it is less than the price should be cheaper.

Another way to look at this number is dividing carbon output by the GDP which equals 0.41 kg CO2 to produce $1 in GDP (equal to 13.6 cents per $1). The mechanism with which GreenCoin has been designed to work is to lower the kg CO2 per $1 in GDP by affecting BOTH sides of this equation: decreasing the carbon output (by incentivizing renewables with free coins) and increasing productivity (GreenCoin does not punish coal and gas like gov't cap and trade and carbon taxes do) instead of hurting it. GreenCoin = LESS carbon and MORE productivity.

Let's consider distributing carbon over the entire global population. There's 7.2 billion folks on the planet so if the mean emission per capita is 4,861 kg CO2 per year, or 13.3 kg per day. Americans produce about 17 tonnes per capita per year, and there is disparate carbon production around the world for sure, so I put that in as well:

Region	kg CO2 per year	kg CO2 per day	GRE per day	USD per day
Global	4,861	13.32	416,000	$4.40
United States	17,000	46.58	1,456,000	$15.38

The world can offset their carbon for $4.40 per day per person, on average, at the current price. Adjusted for actual output, US residents would need to invest $15.38 per day or $5,612 annual each at the current $0.33 per kg of CO2 price of carbon to offset their carbon output with the commensurate productivity outlay.

It would be helpful if folks could email Bittrex and let them know you support GreenCoin and want it to remain active.

Just want to weigh in here about one question which had to do with online coins. So this is where I think a lot of people really blow it with the concept of bitcoin. Essentially it is a software protocol that allows people to collectively agree on something (bitcoin is more of an agreement protocol than it is a payment protocol). What everyone is actually agreeing to is the ownership of these "coins" or digital tokens in a distributed ledger. Since these tokens can be traded instantly to anyone in the world almost instantly, now you have a payment protocol assuming the tokens have value, which is ironically self-fulfilling prophecy: the more people that use it the more they say it's worth (by buying it and such). Bitcoin can be more accurately described as an asset IMO (like gold) than a currency.

So for the first time people can exchange tokens with each other in a peer-to-peer fashion which is bitcoin's central functionality (this wasn't possible before bitcoin), so what do people do, they run around and store their coins online at 3rd party websites (like MtGox)! It's kind of insane, and is exactly NOT the point of bitcoin. This is what I think people miss: Here you have a system where you can keep a couple of coins in a personal file on your computer and you voluntarily let someone else hold them for you? Doesn't make sense!

What is bitcoin ownership ultimately? The private key. When 3rd parties gets hacked, this is what they lose to the hackers. Convince yourself:

- download bitcoin and install (block chain takes awhile to sync)
- go to a faucet like freebitco.in and roll for some free coins. You can have 10,000-20,000 satoshi (0.0001 - 0.0002 BTC) in like a week or so. The expected value per roll is about 2 cents, so in 50 rolls you'll have a buck, theoretically. You can roll once an hour. You can even refer people ....  
- Send the coins to your personal bitcoin client (from the above site they auto-withdraw once a week I believe)
- Once received, copy the address you sent them to
- Open the client -> go to help -> debug window -> console
- in the command line area type "dumpprivkey <your bitcoin address>" (no quotes or brackets)
- copy the output (this is the private key!)
- go to this folder (this is where your wallet lives in "wallet.dat") c:\Users\[YOU]\AppData\Roaming\Bitcoin   [note, this is for windows]
- delete wallet.dat (your coins are now toast). You can also just rename it wallet2.dat or something else, or move it to your desktop or whatever, for this exercise.
- reopen bitcoin (it will generate a new, blank, wallet.dat file automatically if you don't have one there)
- go back to the console and type importprivkey <private key>
- your coins come back!

When people make cold-storage, paper wallets they dump the private key and delete all traces of the software. Therefore you really don't even need a wallet file. You just need that private key. You could even memorize, and all of your net bitcoin wealth exists solely in your brain. Imagine that, flying overseas with a memorized key in your head that unlocks $10M in bitcoins. Kind of a cool concept. WITH BITCOIN YOU DON'T OWN ANY COINS. THAT'S JUST A WORD. YOU OWN A PRIVATE KEY.

Lastly, one thing I really enjoy about bitcoin (or any of the 400 alts out there, they really all work the same) is that it is meant to be USED. And I mean beat on like a rented mule. Download the client, play around in the command line area, make several wallets and move some coins around. I mean, if you play around with the client, know of and can manipulate the wallet file, back it up, play with keys and such you are literally 99% further along with bitcoin than the rest of the public, and all of that would take you less than a few hours on a weekend. Welcome to the Top 1%! Not bad for being a noob just earlier today! PLus a lot of the answers to your questions that others have posted in here begin to make a lot of sense, so that's the real benefit of playing around with it, if you really are indeed curious how it works.

check out the FAQ here. I can get into a lot more detail if you have any specific questions.

how do you move coins between spend and stake? Does it happen automatically?

"The coins themselves are not discrete things which need storage." This explanation is good. If you copied your wallet file you'd simply have a duplicate copy of a file that accesses the same information on the blockchain, not duplicate coins.

I was just going back through really old BCT forum posts for fun. Stuff like this is amazing:

https://bitcointalk.org/index.php?topic=25.msg118#msg118

https://blockchain.info/address/1BHtsCnpmTvpgJEP7eMKEVhpJFunxSM8vq

Attention Pools: Please check to make sure you are getting your full 1000 coin reward for each block. You may be burning coins. Any pool that came back online recently (in the past couple of days) it is especially probable.

I only ran once and was super lame this week (flu  ) but I do hope to start getting back soon even with the baby.

I like the idea of a custom minted coin: http://custom.nwtmint.com/process_coinideas.php

Thinking about making a GreenCoin physical coin. Thoughts on what it should say / what it should look like?

it's a different thing entirely

I'll be running this week!