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re-quoting so it's visible
Shurugwi, in the aspects you've mentioned it's no different than other altcoins or Bitcoin itself. Placing the premine in escrow makes no sense, it has to be distributed according to our plan anyway (see how placing a premine in Moolah's hands worked out for Syscoin by the way...). And I've demonstrated I'm trustworthy with Spaincoin before and I wouldn't be taking any of the premine for myself.
Anyway, it doesn't matter any more because I'm cancelling the launch of this currency. With the lackluster support from the community and the lack of understanding about cryptocurrencies from the Ph govt, it's really not worth my time. I'd rather launch a cryptocurrency with some innovative features (you had a point there) and I do have a couple of good ideas I'll eventually execute.
Anyway, it doesn't matter any more because I'm cancelling the launch of this currency. With the lackluster support from the community and the lack of understanding about cryptocurrencies from the Ph govt, it's really not worth my time. I'd rather launch a cryptocurrency with some innovative features (you had a point there) and I do have a couple of good ideas I'll eventually execute.
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e-Peso
The government-backed electronic currency for the Philippines
e-Peso is a peer-to-peer cryptocurrency made according to the specifications set by the Philippine House Bill 4914.
What currently exists in the Philippines is a patchwork of methods using traditional
credit systems, which act in place of money on the Internet.
The E-peso will be the electronic equivalent to the paper peso.
See on Philstar: http://www.philstar.com/business/2014/10/05/1376516/solon-pushes-e-peso-act
We are launching this cryptocurrency so that the Republic of the Philippines can adopt a stable and robust cryptocurrency without having to start from scratch. We're ready to work with them when they decide to adopt it officially and enforce parity with the Philippine peso. This is advantageous to them as we'll bring promotion among crypto enthusiasts and investment into the currency thus making it easier for the Philippines to adopt it.
Websites: the ePeso web is online now!
http://epeso.co
http://e-peso.org
Links / social networks:
Twitter: @electronicpeso
Downloads:
To be announced at launch (30th october 2014)
Specifications:
Proof of Work algorithm: SHA256
Total coins: ~1 billion
Block target: 1.5 minutes (90 seconds)
Difficulty adjustment: every block (DigiShield)
Block reward halving every ~4 months (non-linear, recalculated every block to avoid big jumps in block reward)
All coins will have been mined after 2 years
Mined coins mature in 120 blocks
Premine: 15% to be distributed among Philippines citizens
When the Republic of the Philippines adopts the currency, the specifications can be altered to suit their needs.
Pools:
- To be announced
Exchanges:
- To be announced
Services:
There will be a block explorer and more services at launch
Contact:
If you want to collaborate send us a tweet or private message here on the forum
Twitter: @electronicpeso
IRC: #epeso on Freenode
We're looking for merchants interested in accepting e-Peso! get in contact with us if you want to accept it after launch.
Cheers!
