I am writing a coin from scratch. It is most similar to Monero. i.e. It is fungible. The programming language I have used to develop it is Rust. I do not want to make money from it. I wrote it to understand Monero from scratch and hopefully add more advanced features which Monero does not currently have. I have already implemented CLSAG and MLSAG and RingCT which Monero already has. I am currently working on adding DLSAG and implement atomic swaps and may be payment channels which Monero does not have. It will be PoW but I haven't implemented that part. I am still working on more and more novel types of transactions and multisigs before worrying about things like PoW which I don't feel is as important.

• Should I launch it?
• Should I launch it after it has more features than Monero? (Since upgrading a p2p network is complicated)
• What is the best way to prove to people there was no pre-mine, insta-mine etc
• Should I add a stablecoin issuing transaction type if the reserves are stored in Singapore? Singapore government likes stablecoins with KYC but that will hurt fungibility.
• Is there a piece of wisdom I can read somewhere which will tell me how not to screw this up

I am thinking of starting a testnet first, and keep it that way until there are a few 100 users.

What features do you like to see in a fungible coin?

Hi  Genesis-Mining,

Can you give me more transparency? I just need to feel like I know you guys.

Marco Streng (CEO) has said he is from LMU Munich and that he majored in math and physics. But I can't seem to find anything related to him in LMU. His Facebook profile doesn't have any friends.

Dr. Marco Krohn (CFO) seems like he is still working for Hypovereinsbank owned by UniCredit.

Jakov Dolic (Sales) seems like he is still working for a plastering company named Dolic which accepts Bitcoin.

Jana Eichhorn, can't find anything relevant about her.

The company GENESIS MINING LTD. was only registered recently in Bermuda on 11th April 2014 with the registration number 48978.

Is the above information correct? I apologize for my skepticism.

Can you name a country in which you have your mining rigs? Who is managing those?

How did the prices drop from ~80 cent to ~30 cent per kilohash/s ahead of the release of the ~30 cent per kilohash/s scrypt mining ASIC release from KnC Miner?

Here is a 3 year Put option by CBOE Options Exchange: https://www.cboe.com/products/leaps.aspx

Writing naked puts is possible as shown here: http://seekingalpha.com/article/617921-naked-puts-versus-traditional-margin-leverage-for-a-little-less-coin

All you need to do is when you are unlucky you buy the Bitcoins at the strike price from the buyer of the put option you wrote. Of course after you purchase Bitcoins from the buyer of the put you wouldn't hold on to the Bitcoins if you are Goldman, you would sell the Bitcoins for USD and suffer the loss. With 0% interest USDs, Goldman can write infinite number of such options can create future supply in the market. Such an expectation of future supply of Bitcoins can be used to discount the current price.

Whoever is buying the far out-of-the-money 5 year put options sold by Goldman Sachs will get the fiat, after 5 years when the promises are broken, and the exchange intervenes to make Goldman settle their debt using fiat.

All those 5 years bitcoin traders will live under the false knowledge that 5 years later Goldman would flood the market with 1 million bitcoins. So the traders armed with such false foresight, will discount that into the exchange rate before the option expires.

I believe the exchange rate of Bitcoin in fiat money can be fixed by using financial derivatives.

Financial derivatives are promises to deliver the underlying asset i.e. Bitcoins at a future date.

If the promises are broken, the law allows the debt to be settled in the relevant fiat currency.

So if Goldman Sachs makes promises to sell 1 million Bitcoins in a future date at pre-determined exchange rate, and fail to keep that promise, the US government will forgive them if they use USD to settle their debts due to the broken promise.

Since Goldman Sachs can borrow USD at a discount rate of 0%, they will use the USD to make ridiculous promises they cannot keep.

Such broken promises settled in USD, can be used to affect the exchange rate of bitcoin, by creating a false expectation about the future supply of Bitcoin.

I believe this is what SecondMarket aims to achieve with its Bitcoin exchange.

SecondMarket is backed by government funds like that of the Temasek Holdings which is chaired by a Singapore minister, and Li-Ka Shing Foundation of China which also has government connections.

I believe the establishment will try to fight the competition to central banking that Bitcoin represents.

Destroying one crypto currency would be enough to propagandize the invalidity of all future crypto-currencies. The anglo-american establishment, has the left leaning media (useful idiots), and the Nobel Laureate economists (Krugman) ready to announce the demise of Bitcoin at the first sign of trouble.

He taught Gavin Andresen about smart contracts, although they aren't popular yet.

I am trying to list the wise decisions made by Satoshi. Can you help me list some more?

• He used two rounds of hashing in the nonce finding process so as minimize the risk of SAT solving the nonce at higher difficulties
• He used the elliptic curves which were luckily not the problematic curves suggested by NSA
• He made the transaction scripting language non-Turing complete so as to avoid very hard to detect security risks (like escaping the interpreter to root the underlying OS and weird cases of halting problem like having an SPV client embedded in the transaction script)
• He made the Bitcoin divisible into 100 million satoshis so as to avoid the Capitol Hill Babysitting Cooperative problem with deflationary currencies.
• His initial code release was remarkably free of buffer overflows, and other security vulnerabilities