Decentralized Market Update

Method of Implementation:

- Separate tabs for buyers and merchants.
- Every Merchant will be given a unique key. Merchants needs to register themselves. Their names will be displayed publicly on a website. This is done to reduce fraud and authenticate merchants so buyers can be assured to receive their goods. If they have any problem with the product received, they can always contact the merchant.
- Buyers can buy anonymously and no details are required.

Merchant
- To list a product for sale, the merchant needs to provide his/her Merchant Key, the name of the product, cost, an image file of the product (It should be a URL) and the SFR address of the merchant.
- Once the key is verified, the key, name, cost,image URL of the product and the address will be included in the next block.
- The Merchant can query the blockchain with the unique Merchant Key to check if any products are bought.

Buyer
- Buyers will see a list of products to be sold. The image URL will be extracted from the block and a webpage request will be made for that URL to display the image for the product.
- Buying is very easy. Just click on the item. The address of the merchant and the cost will get filled and you just need to click "Send". The buyer would then receive an Order ID for reference.


We will have a client mock of the Merchant and Buyer tabs in a day.
The name for this market hasn't been decided yet. We are putting up some options on the Poll. Please vote.

Proof will come at the conference my friend.  We will also be releasing the name and info of our independent auditor who litterally audits our holdings of bullion.  This is from a CPA firm in Greensboro, NC that has been established for decades.  We are 100% legit.

Ok - Here we are at the buzzer for today!!!!  As promised I am sharing the wonderful folks here on BCT the first bit of information on our bullion reserves.

*  From launch through the first halving of mining (147,000 blocks) we will back the coin with bullion, and add to our reserves each time 1% of the coins are mined.   This way the initial reserves will not be diluted when more coins are mined.  At each halving we will increase our reserves by the same factor as the halving.  This way we are significantly increasing the value of the coins (in relation to their bullion reserves) each time a halving occurs.  We decided that this was the best route to go in order to develop a long term investment, and to give our miners incentive to mine and hold the coins.

* With that being said we are launching with the following in reserve:

Gold: 4 ounces
Silver: 250 ounces
Platinum: 3 ounces

Total USD invested in bullion: $14,311

Now as we stated earlier - each time 1% of the coins are minded we will add that same amount into the reserves again. This will take place all the way through the first halving.  When we reach the completion of the first 147,000 blocks we will increase the amount of reserves to offset the smaller block reward thus increasing the value of the coin's bullion reserves.  This process will occur each time a halving occurs. 

Are you interested yet???  Final details to be released at the conference on Friday!!!  We will have a live stream available and I will post the link to that here as well.   Thanks for all the continued support guys and gals!!  See you on Friday!!!

I'm trying to mine back what I lost, thought I had more time haha

white paper with further details of our work should be ready in time when we hit pos.

*NSFW

Mark your calendars and see you there!