Mr. Brew,

I'm happy to hear you think it's a good idea. 

I think we should try to generate some other good ideas about how we structure the pack.  Perhaps others in the community have some thoughts as well?

A couple thoughts I've had since my last post:

1) What if in the pack we suggested that the shops value Teacoin at USD 0.10 (10 cents)?  There is obviously a big price difference between that and the presently traded price but it would encourage shop owners to buy it very cheaply on the open market (more demand) and also that others would be it more cheaply on the market (more demand) so they could use it at tea and coffee houses and get their tea/coffee more cheaply.  If we could get enough shops signed up quickly, we might see the price actually move rapidly towards that level.  On the other hand, if only a small number of shops sign up then the risk is that some of their customers flood them with Teacoin that they can't sell near the value they're accepting it and they stop using it.  Perhaps some kind of advertising campaign, say for example in that tea shop industry site with the Teacoin article could get a large number of shops online quickly.

2) How do we make Teacoin viral? Beyond the placard on the shop counter, how do we get customers excited about using Teacoin?  Maybe the shop gives them a 20% discount to the fiat price if they use Teacoin (valuing Teacoin at USD 0.10).  The shop owner is making a profit on the coins he bought cheaply and sold at USD 0.10 so he doesn't care about the 20% discount. 

Points 1 and 2 work well together provided the existing holders of Teacoin don't rush out to any shop that starts accepting Teacoin and flood the shops.  As long as the shops can buy coin cheaply, sell to their customers at a profit, then give the customers a discount on their products, everyone is happy.  We, the holders of Teacoin, just need to sit tight and not dump into the market as the price starts to rise.  If you had 1000 shops with teacoin and each shop with 20 customers that bought 20$ of Teacoin that would be a nice little economy and probably a substantial market cap.

kong

Why without it?

Nice!  Simple and fantastic!

Hey, this is for TEA paper wallet bounty. I wanted it to be low on ink.

My address: ToFhgP8B3XqBn8WVVz7oLjop1otiL3AvbH

https://i.imgur.com/x1JeDv6.jpg

So today is the day? 

- http://Bittrex.com (Official Teacoin Exchange)

Keep an eye on Teacoin it will be back on Bittrex in a week

We made an agreement with Bittrex to make their exchange the official exchange for Teacoin.

Even though you can trade Teacoin on several exchanges.  We will be recommending that you visit Bittrex to trade Teacoin.

The reasons are simple.

• Fast as heck
• Safe exchange with 2F authentication
• Depositing Teacoin is really fast
• Awesome API https://bittrex.com/Home/Api
• USA based

Mr. Brew,

I bought a lot of Teacoin a while back because you had a single tea shop using Teacoin and there is such an obvious play in getting other independent tea and coffee houses on board.  I thought you were working to get more online which felt to me like a great way to grow the demand of the coin.  It seems to me that you are spending a lot of time trying to get Teacoin onto multiple exchanges.  I gather that your opinion is that there will be a greater volume of Teacoin traded if more people have access to it. 

My opinion is that it doesn't matter how many exchanges you get on because the volume will center itself in 1 or maybe a couple of exchanges.  Teacoin traded almost all of it's volume on Cryptorush which was totally random- the market just converged there because that's where people found/decided would be the most liquid place.

If you want to have the coin's market cap grow in value, and I really hope you do, I believe you should focus on getting the independent tea and coffee houses involved.  I wrote a post a while back suggesting that you create a 'starter pack' for a tea/coffee house that consists of a wallet, a downloadable placard that they can print and put on the counter, a section on the website, and some Teacoins that they can give or sell to their customers.  I'm sure we could come up with some other great ideas for the starter pack if we thought about it.  You replied at the time you were waiting for a mobile wallet.  While that would be great, I think you can get the ball rolling without it.  There are plenty of people with laptops that can use a wallet and pay in the shop.

If you were to get only 100 shops on board you'd see some upwards movement in the price, which would be good for everyone and probably further incent the shops to hop on the bandwagon.

That's my rough idea.  I hope as the lead on this coin you will consider it seriously and help get it going.   I would be willing to put a sizeable Teacoin bounty for someone that will put some thought into this and get a pack ready for production.  Perhaps you can help organize the bounty.  I will give you 100,000 Teacoin to hold for the person that creates a compelling starter pack.

I'm happy to discuss further and look forward to hearing your thoughts.

Regards,

kong

I got the paper wallet working just need to do more testing and get graphics designed.

If anyone wants to test it please use very small amounts.

1. Just send like 0.0001 TEA to the paper wallet address
2. Open console type "importprivkey <private key>"

You should see the 0.0001 TEA in your wallet

http://teacoin.net/paperwallet/generate-wallet.html?design=alt-teacoin#

Mind you it's not pretty we need to get graphics done and make the site look more like Teacoin

I juggled the idea for a long time.

You can get 1 TEA per block now.  No matter how much hash rate you put on Teacoin your not going to change the yearly inflation by much.

People will be able to mine with old Bitcoin mining equipment.

I mine with 5 USB block Erupters that do about 1.66 GH.  It makes about 25 TEA per day and contributes to the generation of new blocks.  All of those coins go to free giveaways.

Blackcoin at 1% compound inflation should be about 747,000 BC per year and 3.8 M after 5 years for a total of 78.2 M BC after 5 years.

Teacoin at 2.5% mining inflation should be about 1,006,960 TEA per year and 5.2 M after 5 years for a total of 45.5 M TEA after 5 years.

It's not a huge difference it's just a preference on how you want to earn more coins.

If you want to earn more Teacoin you can buy a $6 USB Erupter on ebay and mine 5 Teacoin per day (turn it on and forget it).  You will earn allot more blocks of TEA then BC per day.  

Teacoin is a rare coin now.   Everyone needs to understand this.

Let's get this sleeping giant back on Bittrex

Also MrBrew did you think about changing algo and maybe implenting something new?