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GoogleCoin The coins are an artistic representation of the company's future coins, however they are real tradable crypto-currency* [GOGL] Interest Free Credit Coin The Interest Free Credit Coin model is my intellectual property  GoogleCoin [GOGL] will be issued and activated over a private Blockchain in the event of a near
Global-Banks-Failure.
 Coin Value: will be set to the Dollar value at the day of issuance and will be allowed to fluctuate
Number Of Coins: First issue cycle - The estimated Dollar value of Google holdings x 2 (on the day of issuing)
Issue Policy: New coins may be issued Each quarter based on last quarter growth of total productions of all users x 2 ( "GDP" of GOGL users x 2 )
Coin's Reserve Policy: 1/2 of total coins will be held by the issuer (Google) to allow full control on monetary policy with existing funds.
Distribution Policy: Coins will enter the market as an interest free credit, as direct payment for services and labor and directly into the market according to stated volatility target
Volatility Target: +0.01. Google coin management authorities will control the market's volatility to the stated target' using its currency reserves as well as product's pricing.
Credit Guidelines: 1. Credit is interest free. 2. The indexed value at the day of credit issue will be calculated for returns. 3. Borrowers will be issued a credit identity by Google before being eligible for credit.
Credit Identity: A credit identity will be established and initially rated according to the strength of identity (cross social networks profiles, location photos ext).
Credit Rating: Each identity score will be established as a profile based on an internet activity data and will develop by accumulating debt payments history  We will create a fresh flow of credit detached from fiat based debts.
Our currency will be backed by the value of Google market activity.
We aim to restore trust in a monetary system based on the blockchain technology and a competitive market of credit providers. *The coins are art coins made as art  |
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"The US Patent & Trademark Office (USPTO) published 10 patent applications yesterday that were filed by Bank of America in June of last year." http://www.coindesk.com/bank-of-america-patents/I think the community need to retaliate. My idea is this https://bitcointalk.org/index.php?topic=1187331.0I think it is time for us to take over Bank Of America IP to show them the power of a decentralized system. And lets start here. If we will start trading coins named as the Bank Of America and using the official logo of the company it can get really interesting.  |
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The Moral Alliance for Redistribution of Wealth The goal of this topic is to promote the moral aspects of compromising the trust in the accounting and distribution mechanism of the banking system. It is our moral call to support and voice our support to hackers and anyone else who help to disable the banking accounting systems and are reworded for their effort by forcing the exchange of fiat to bitcoins "An Alliance must be started to create a meaningful dialogue about the real global crooks in this world. Hopefully, the blockchain will be the tool to eradicate these fallible humans who keep scamming the public with inflationary spirals, booms and busts, and fractional reserve banking. Bitcoin has been sent to us from the vision of Satoshi Nakamoto, and has brought forth a system of accounting that cannot be tampered with." https://news.bitcoin.com/against-bitcoin-alliance-we-need-anti-bankster-group-instead/The power of the banking system and the abuse of that power can not be broken by our democracies,It can only be weaken by mechanical malfunctioning which will destroy the trust in the accounting power of that system. This alone will enable the redistribution of power held by central banking. Social based laws such as a constitutions or bills of rights can not overcome the power of accounting. It is only an alternative system for accounting and secure distribution which can have the power to deflate the banking system and inflate a competitive decentralized system.
It is not enough to take the dollars from the wealthy banks and hand to the poor. In order to redistribute the wealth effectively, these dollars have to be exchanged for a token of a decentralized monetary system.
(Of course this exchange could have been done according to the laws if our laws where govern by the power of the people and not by the power of fractional reserve banking and central banking.) |
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BOACC Introducing the first original crypto-currency by BANK OF AMERICA [BOACC]
issued on Counterwallet http://counterparty.io/
22.000000 coins were issued on Sep. 22nd 2015
Trade * on the counterwallet p2p exchange platform will open on December 24th at 9:00am EST 1 [BOACC] = 0.0001 BTC The US Patent & Trademark Office (USPTO) has published a patent filed by US financial services giant Bank of America that seeks to protect a system for wire transfers using cryptocurrency technology. The patent, filed on 17th March, 2014, and published 17th September, seeks to protect a system by which electronic funds could be sent between customer accounts using the underlying blockchain of a given cryptocurrency as the rails for payment.
The system described, for example, would enable customer funds to be converted at a cryptocurrency exchange and then sent to a second cryptocurrency exchange to be converted into a foreign currency before the value is moved to a recipient.http://www.coindesk.com/bank-of-america-cryptocurrency-wire-transfer-patent/United States Patent Application 20150262173 Kind Code A1 Durbin; Thomas Edward ; et al. September 17, 2015 System and Method for Wire Transfers Using Cryptocurrency Abstract A system includes a memory and a processor. The processor is coupled to the memory and causes the system to receive an electronic request for a fund transfer and initiate a debit of a first amount of a first currency from a customer account. In response to determining using cryptocurrency is optimal, the processor can transfer the first amount of the first currency into an account associated with a first cryptocurrency exchange and initiate the purchase of a first quantity of a cryptocurrency from the first cryptocurrency exchange. The processor can transfer the first quantity of the cryptocurrency to a second cryptocurrency exchange and initiate the sale of the first quantity of the cryptocurrency at the second cryptocurrency exchange. The processor is further able to initiate the transfer of at least a portion of the resulting currency to a recipient. Inventors: Durbin; Thomas Edward; (Waynesville, NC) ; Ronca; James Gregory; (Decatur, GA) Applicant: Name City State Country Type Bank of America Corporation Charlotte NC US Assignee: Bank of America Corporation Charlotte NC Family ID: 1000000811784 Appl. No.: 14/215473 Filed: March 17, 2014 Current U.S. Class: 705/64 Current CPC Class: G06Q 20/38215 20130101 International Class: G06Q 20/38 20060101 G06Q020/38 Claims 1. A system comprising: a memory operable to: store a customer account associated with a customer; and a processor communicatively coupled to the memory, the memory including executable instructions that upon execution cause the system to: receive an electronic request for a fund transfer from the customer; initiate a debit of a first amount of a first currency from the customer account; determine whether using cryptocurrency is optimal; in response to determining using cryptocurrency is optimal: transfer the first amount of the first currency into an account associated with a first cryptocurrency exchange; initiate the purchase of a first quantity of a cryptocurrency from the first cryptocurrency exchange, wherein the first quantity of cryptocurrency is equivalent to the first amount of the first currency; transfer the first quantity of the cryptocurrency to a second cryptocurrency exchange; initiate, essentially simultaneously as the initiation of the purchase, the sale of the first quantity of the cryptocurrency at the second cryptocurrency exchange, wherein the sale of the first quantity of cryptocurrency results in a second amount of a second currency; and communicate a message to a local automated clearing house, the message requesting a transfer of at least a portion of the second amount of the second currency to a recipient. 2. The system of claim 1, wherein the first currency is associated with a first country and the second currency is associated with a second country. 3. The system of claim 1, wherein the at least a portion of the second amount of the second currency is equivalent to the first amount of the first currency. 4. A system comprising: a memory operable to: store a customer account associated with a customer; and a processor communicatively coupled to the memory, the memory including executable instructions that upon execution cause the system to: receive an electronic request for a fund transfer from the customer; initiate a debit of a first amount of a first currency from the customer account; determine whether using cryptocurrency is optimal; in response to determining using cryptocurrency is optimal: transfer the first amount of the first currency into an account associated with a first cryptocurrency exchange; initiate the purchase of a first quantity of a cryptocurrency from the first cryptocurrency exchange, wherein the first quantity of cryptocurrency is equivalent to the first amount of the first currency; transfer the first quantity of the cryptocurrency to a second cryptocurrency exchange; initiate the sale of the first quantity of the cryptocurrency at the second cryptocurrency exchange, wherein the sale of the first quantity of cryptocurrency results in a second amount of a second currency; and initiate the transfer of at least a portion of the second amount of the second currency to a recipient. 5. The system of claim 4, wherein the first cryptocurrency exchange is located in a first country and the second cryptocurrency exchange is located in a second country. 6. The system of claim 4, wherein the first currency is associated with a first country and the second currency is associated with a second country. 7. The system of claim 4, wherein the customer account is associated with a first country and the recipient is associated with a second country. 8. The system of claim 4, wherein determining whether using cryptocurrency is optimal is based at least in part upon an exchange rate associated with the cryptocurrency. 9. The system of claim 4, wherein determining whether using cryptocurrency is optimal is based at least in part upon a date threshold associated with the electronic request. 10. The system of claim 4, wherein the at least a portion of the second amount of the second currency is equivalent to the first amount of the first currency. 11. The system of claim 4, wherein the memory further including executable instructions that upon execution cause the system to initiate the sale within a time threshold of initiating the purchase. 12. The system of claim 4, wherein the time threshold is essentially simultaneous. 13. A fund transfer method comprising: storing, using a processor, a customer account associated with a customer; receiving, at a network interface, an electronic request for a fund transfer from the customer; initiating, using the processor, a debit of a first amount of a first currency from the customer account; determining whether using cryptocurrency is optimal; in response to determining using cryptocurrency is optimal: transferring the first amount of the first currency into an account associated with a first cryptocurrency exchange; initiating, using the processor, the purchase of a first quantity of a cryptocurrency from the first cryptocurrency exchange, wherein the first quantity of cryptocurrency is equivalent to the first amount of the first currency; transferring the first quantity of the cryptocurrency to a second cryptocurrency exchange; initiating, using the processor, the sale of the first quantity of the cryptocurrency at the second cryptocurrency exchange, wherein the sale of the first quantity of cryptocurrency results in a second amount of a second currency; and initiating, using the processor, the transfer of at least a portion of the second amount of the second currency to a recipient. 14. The method of claim 13, wherein the first cryptocurrency exchange is located in a first country and the second cryptocurrency exchange is located in a second country. 15. The method of claim 13, wherein the first currency is associated with a first country and the second currency is associated with a second country. 16. The method of claim 13, wherein the customer account is associated with a first country and the recipient is associated with a second country. 17. The method of claim 13, wherein determining whether using cryptocurrency is optimal is based at least in part upon an exchange rate associated with the cryptocurrency. 18. The method of claim 13, wherein determining whether using cryptocurrency is optimal is based at least in part upon a date threshold associated with the electronic request. 19. The method of claim 13, wherein the at least a portion of the second amount of the second currency is equivalent to the first amount of the first currency. 20. The method of claim 13, further comprising initiating the sale within a time threshold of initiating the purchase. 21. The method of claim 20, wherein the time threshold is essentially simultaneous. Description TECHNICAL FIELD OF THE INVENTION [0001] This invention relates generally to wire transfers, and more specifically, to a system and method for wire transfers using cryptocurrency. BACKGROUND OF THE INVENTION [0002] Enterprises handle a large number of foreign wire transfer requests on a daily basis. As technology advances, foreign transactions have become more common. For some customers, it may be desirable to conduct a foreign wire transfer in less time than what current foreign wire transfer systems allow. SUMMARY OF THE INVENTION [0003] According to embodiments of the present disclosure, disadvantages and problems associated with previous wire transfer systems may be reduced or eliminated. [0004] In certain embodiments, a system includes a memory and a processor. The memory may store a customer account associated with a customer. The processor may be communicatively coupled to the memory and may cause the system to receive an electronic request for a fund transfer from the customer and initiate a debit of a first amount of a first currency from the customer account. The processor may also cause the system to determine whether using cryptocurrency is optimal. In response to determining using cryptocurrency is optimal, the processor may cause the system to transfer the first amount of the first currency into an account associated with a first cryptocurrency exchange and initiate the purchase of a first quantity of a cryptocurrency from the first cryptocurrency exchange, wherein the first quantity of cryptocurrency is equivalent to the first amount of the first currency. The processor may also cause the system to transfer the first quantity of the cryptocurrency to a second cryptocurrency exchange and initiate the sale of the first quantity of the cryptocurrency at the second cryptocurrency exchange, wherein the sale of the first quantity of cryptocurrency results in a second amount of a second currency. The processor is further able to initiate the transfer of at least a portion of the second amount of the second currency to a recipient. [0005] Particular embodiments of the present disclosure may provide some, none, or all of the following technical advantages having specific technical effects. In certain embodiments, components of the system may initiate fund transfers using cryptocurrency bypassing the use of traditional wire services thereby reducing dependency on third party networks and increasing the reliability of fund transfers. In another embodiment, initiating fund transfers using cryptocurrency allows for the technical effect of conducting a foreign fund transfer in less time than a foreign fund transfer currently, as it avoids delays that may be caused by relying on third party systems and services. In some embodiments, fund transfers using cryptocurrency reduces the reliance on third party systems and the transfer of customer data to third party system, thus increasing control and security of customer data. [0006] Certain embodiments of the present disclosure may include some, all, or none of the above advantages. One or more other technical advantages may be re http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=7&f=G&l=50&co1=AND&d=PG01&s1=bitcoin&OS=bitcoin&RS=bitcoin |
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Toyota Coin The coins are an artistic representation of the company's future coins, however they are real tradable crypto-coins [ITOYOTA] Data-Quanta Token* * The Data-Quanta Token model is my intellectual property The Toyota Coin [ITOYOTA] is part a series of coins which are made
to present the future of crypto-currencies and the future of credit.
The coins are real coins which can be traded P2P
on the counterwallet exchange platform
HOW TO INVEST 10,000 Toyota coin [ITOYOTA] have been issued on Counterwallet.
These coins are only a representation of the Toyota company, They are not backed by the company and are aired using my artistic freedom as an artist.
However all the value of my work regarding the Toyota project is put into these tokens, thus when you buy a token you are invested in this art piece. And since this project is an art piece, it means that the medium of my expression are these tokens and thus all the value gained by this piece is attached to it by law.
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Apple Coin The coins are an artistic representation of the company's future coins, however they are real traded crypto-coins [IAPPLE] A Byte Token-Coin* * The Byte Token-coin model is my intellectual property The Apple Coin is the fourth in a series of coins which are made
to present the future of crypto-currencies and the future of a true free currency based market.
The coins are real coins which can be traded P2P
on the counterwallet exchange platform
"....Then I will create a CocaCola Coin.... and a Disney Coin... Apple coin and other industry coins.
Each coin will be created as an illustration for the real coins these industry may create one day" The Apple coin [IAPPLE] is issued on Counterwallet.
10,000 coins have been issued . A Byte Token-Coin model
.
A byte, which defines the basic unit of digital information and is the smallest addressable unit of memory
serves as the basic unit of account in the Byte Token-Coin monetary system
1 Byte Token-Coin currency unit = 1 KB bytes.
(1 "byte penney" = 1/100 KB = 10 bytes = a typical text word)
In a Byte Token-coin currency system, the coin value is given in memory units*. Thus a price of an electronic
device is a factor of stored code information + free storage capability (which can also be transferred to a Cloud)
*As we are approaching the era of Internet Of Things, and crypto-currencies will become the standard currency technologie,
the Byte Token-Coin itself may be designed to act as a crypto key to activate memory cells
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BARAK COIN
of
OCCUPY BANKS COINS
OCCUPY BANKS COINS is an alternative credit system in which individuals and organizations can issue coins created as self-credit to support their activity.
While regular banks hold a monopoly on credit production, given to them by the power of our states,
the OCCUPY BANKS COINS is going to be the first bank of its kind to issue self-credit, employ free market mechanism built on opens-source code, make loans free of interest charge, and run as a decentralized organisation The goal of OCCUPY BANKS COINS is to provide self-credit issuers, with coin services and management, and become the social network which back these coins. Also to serve as a live functioning model of an alternative to the abusive bank system practices.
The first coin BARAK COIN is issued to credit the activists participating in the activities initiated by Barak Cohen. Barak is an Israeli lawyer and a hard line activist in the 'Occupy' ecosystem. He lead the foundation of an activist group which targeting major banks CEOs, challenging them to take personal responsibility on behalf of the injustice caused under their leadership by their bank's actions.
The controversial actions got the attention of the media and eventually the shareholders who just recently filed a lawsuit against the Leumi Bank and it's directors .
http://www.forbes.com/sites/robertwood/2014/12/29/in-400m-bank-leumi-tax-evasion-settlement-who-was-willful/
http://www.reuters.com/article/2015/01/25/us-bank-leumi-lawsuit-idUSKBN0KY0IH20150125
The group https://www.facebook.com/fightbank?pnref=story which have been very active and effective in the past few months has launched a crowed funding campaign on the Israeli crowed funding platform, Mimoona https://www.mimoona.co.il/Projects/2583
The BARAK COIN campaign is going to tie directly into the fundraising campaign as well as to the activists actions.
The coin will be the first use case demonstrating a direct link between services rendered and a currency which represent the community interest.
As describe below, all coins will get into circulation only as a payment on work, services or products which benefit the Coin-community's goals.
IMPLEMENTATION STEPS OF BARAK COIN A chosen board of trustee will hold a multisig wallet of the coins. All coins will enter the market only as a reword payed on investment into the" occupy" ecosystem:
1 Fiat donations through the crowed funding channel of Mimoona will be reworded with BARAK COIN.
2 Activists will be reworded on their activity with BARAK COIN.
3 Any direct product donations will be reworded with BARAK COIN.
4 Anyone working with in the ecosystem, in marketing and implantation will be reworded in BARAK COIN. ] |
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Trade Coin The coins are an artistic representation of the company's future coins, however they are real tradable crypto-coins IEBAY A Trade Token-Coin* * The Trade Token-coin model is my intellectual property The Trade Token-Coin mechanism allows the network to capitalize on
the volume of trade it is creating, by directing the exchange
trade volume to a public exchange platform, which sells
and buy the Trade Token-coin on behalf of all users.
Method of Payments and Exchanges A buyer is charged by the system in the value of his purchased item.
Trade Coins are being bought by the system in the trade market upon any currency payment.
The merchant is being credited for the item by the system with the acquired Trade Coins.
Upon request (can be set automatically) the system then sell the Trade Coins on behalf
of the merchant and buy the currency of the merchant"s choice, then credit the merchant with that currency
Fees
The credit card's fee is observed by the system which is buying the Trade Coins on behalf of the shopper
This fee value requirement is then transferred to the merchant as the system’s fee,
which have to be payed to the system in Trade Coins. .
Goods traded in the network, using the Trade Coin directly are charged much lower fee
No exchange fees are required to be paid by users
Trade Coin [IEBAY] is issued on Counterwallet.
100,000 coins have been issued. more detail are coming soon |
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Disney Coin The coins are an artistic representation of the company's future coins, however they are real tradable crypto-coins [IDISNEY] A Mickey Token-Coin* * The Micky Token-coin model is my intellectual property The Disney Coin is the second in a series of coins which are made
to present the future of crypto-currencies and the future of a true free market, which breaks the state's monopoly on currency.
The coins are real coins which can be traded P2P*
on the counterwallet exchange platform
open wallet here to buy coins https://counterwallet.io/
*However, these coins are not backed by the Disney company. It is the first real traded Disney coins which are made as a
representation using the artistic freedom, an artist like myself has, to paint a very clear vision of the reality I wish to represent.  MIckey and Minnie present the original, first ever, most fun crypto: The Disney Coin [IDISNEY]
20,000 Coin have been issued.
.My Mickey art sequences will be on sell for the total value of 10,000 [IDISNEY] coins
My Minnie art sequences will be on sell for the total value of 10,000 [IDISNEY] coins
All my art sequences of the Disney art series,
will be offered for sell only for Disney Coins [IDISNEY]
Coin sell starts October 20th
1 Disney Coin [IDISNEY] = 0.02 Bitcoin [ BTC ] Mickey-Token monetary model The Mickey Token-Coin model differ slightely from the classic Token-Coin monetary model which is based on the Token mechanism In the classic Token Mechanism all currencies are accepted and are exchanged for the token.
The Token comes out of the issuer's vault once purchase and go back into the issuer's vault after being used to get the Issuer's service or product. The issuer control the token supply to match dammed. In the classic model, that of train tokens or gambling chips the issuer's interest is to keep plenty of extra tokens in the vault to match damned requirement. In the Classic token model the token price is set by issuer and doesn't fluctuate by market demand.
The Token-coin model makes the token into a currency by allowing the public to trade with it
The Mickey Token-Coin is a sub-group of the Token-Coin model. The supply of coins are still in the issuer's control, but the price is set by the free market mechanism. However, much like central banks, the issuer has the power to control the money supply in the market and the price of the unit by manipulating the supply. Different from central banks, an Issuer of a token have products and/or services which are giving it its real value. thus the issuer can control production and use it instead of interest rates which are the central bankers instrument.  MICKEY: Minnie!!!! WTF! These are COCA-COLA colors! We need to promote Disney coin. I told you to dress up in blueMINNIE: But these are MY colors. This is how Walt made me.
MICKEY: Obviously you dont understand anything, Coca-Cola will sue us, they used "your" colors first.MINNIE: So are you going to sue Twitter for using your colors?!Twitter Coin
[ITWITTER]
MICKEY: Our Coins [IDISNEY] are going on sell today Im excited.
MINNIE: Do you think anyone will buy them Mickey? Real people don't believe we are real.
MICKEY: We are not real Minnie, but the coins are.
MINNIE: I don't get it, these coins are just as virtual as we are and even more so.
They don't even have a face
MICKEY: Maybe we need to give our coin a face and draw a character, like Bitcoin did.
MINNIE: He looks cute.
lol OP your off the scale in weirdness !
MINNIE: Why do they think that we are so weird?
MICKEY: Well our developer is using fictional characters to present and explains our coin .
MINNIE: But also Satoshi is a fictional character who presents and explains Bitcoin
MICKEY: But his developer is really smart.
MINNIE: So they think our developer is dumb?!... It must be my fault.
MICKEY: Minnie, you are over reacting, people appreciate you as a character, and eventually they will appreciate your contribution to the bitcoin ecosystem too.
MINNIE: Mickey, maybe you should speak with Satoshi and ask him to reply in our thread.
MICKEY: The great Satoshi Nakamoto?! are you out or your mind?!!! .
MINNIE: He is a fictional character just like us, how much greater can he be?
MICKEY: He is a human! Not a mouse like us.
MINNIE: O' darling, Mickey Mouse is your pet name, you are not really a mouse, mice can't talk or add numbers, remember?
Hey guys I got you on my team to explain our coin to the public. So far we are not doing so great. Minnie you should use your simple minded brain to explain our coin. and you Mickey, well... I thought that you will be rating higher
Oh....Wow! I just realized that you figured out who Satoshi is, he is a cartoon!!! OMG
MINNIE: I don't get it then, if Satoshi is a cartoon how come no one claims him as intellectual property? isn't he really clever?
MICKEY: Maybe he is an illegal alien.
MINNIE: Wow from another planet?
MICKEY: No silly, just someone from a foreign country, who works in the studios without papers .
MINNIE: Like a japanese?
MICKEY: That is a little simple minded
MINNIE: Well as Newton said "Truth is ever to be found in simplicity, and not in the multiplicity and confusion of things"
MINNIE: Mickey, should we rethink our strategy? No one is buying our coins.
MICKEY: Minnie, the concept that we sell is very sophisticated and we are on the air less the two weeks.
MINNIE: So do you think that people will eventually get it?
MICKEY: Satoshi was mining for a whole year before anyone got it
MINNIE: O.K, so we'll keep digging...
MINNIE: The things we do here as coin presenters, is like what Newton described as "Standing on the shoulders of giants".
MICKEY: Oh Minnie you always confuse things. This quote is used in the academia not in the world of commerce and intellectual property laws!.
MINNIE: But I think that Walt was a genius too, and other people should be free to 'stand on his shoulders'. Just like they do in bitcoin. They call it "Open-Source" and I like that a lot.
MINNIE: Its this cute guy again, I just love him! |
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Coca-Cola Coin The coins are an artistic representation of the company's future coins.
The coins are real and can be traded but are not backed by the company depicted in the image and name.* [ICOKE] A Coupon-Coin* * The "Coupon-Coin" coin model is my intellectual property The Coca-Cola Coin is the first in a series of coins which are made
to present the future of crypto-currencies, and the future of a true free market which breaks the state's monopoly on currency.*
The coins can be traded P2P
on the counterwallet exchange platform
open wallet here to buy coins https://counterwallet.io/
 "....Then I will create a CocaCola Coin.... and other industry coins.
Each coin will be created as an illustration for the real coins these industry may create one day" * The representation of each company is done using the artistic freedom, an artist like myself has, to paint a very clear vision of the reality I wish to represent [ICOKE] Coupon-Coin sale A limited addition of 10,000 [ICOKE] coins have been issued on Counterwallet Each coin will act as a Coupon to buy my product at a discount. 1 bottles of Coca-Cola for 1 Coca-Cola coin. My Coca-Cola bottles are art pieces, Original art prints, using the Coca-Cola brand images These rt piece can be bought using any currency but using the [ICOKE] gives a discount. 1 coin unit sells for 0.01 bitcoin and 1 art piece unit sells for 0.1 bitcoin or more 1 [ICOKE] coin = 1 Coca-Coal soda bottle*
*This bottle is an art piece not real soda bottle
1[ICOKE] coin = 0.01 Bitcoin*
*coins that are issued and put in the market for sell in the first round
1 Coca-Cola soda bottle* = 0.1 bitcoin*
* The art bottles can be bought directly with bitcoin but the coin acts as a coupon.
In the real Coca- Cola coins case it will make sense to keep a much smaller gap between the market price and the coupon coins. COUPON-COIN monetary model 1 coupon unit = 1 product unit
price of 1 coupon unit < price of 1 product unit in the market
The coupon units has no expiration date (unlike most coupons)
The coupon units will always be redeemable by issuer (or risk management agent) for the monetary value that it was issued at.
The monetary benefits of the model:1. coin value stability - A value that range between the market price of the product unit ,and the issue price of the coupon unit. The smaller the gap is, the less fluctuations of value are possible 2. Ease of rating the real value and risks of the coin - The balance of, products in production, damned for this product and the total value of other assets can be evaluated to determine the real value of the coin at any given momen  These coins is where fiction meets reality. *The representation of each company is done using the artistic freedom to depict any image in order to create the artistic clear vision of reality that I wish to represent. Independent-Currencies Market As virtual wallets are taking shape and the rise of Bitcoin shatters the paradigm of money held for centuries, the roads are now open for industries and corporate to start capitalizing directly with their own issued currency. Also communities of users such as the social networks and organisations are ready to put their community power in the market and create their own currencies. We are approaching this stage demonstrated by Coca-Cola Coin [ICOKE] as we speak,however this is only the beginning..... Payment on workChoice of payment on work will become the greatest factor to determine these new currencies value. The primary value of a coin, that which on its behalf the currency was issued, will rise dramatically once a person will ask to be payed on his/her work with this coin. By making a choice in which currency one is getting paid, this person’s work become valued as a product of the industry he choose to be paid by its currency. Thus the currency is now representing not only the future products of the industry that issued it, but also the future products (of any industry) gained by that person’s work. This factor will have great effect on the future credit market and will stop the abusive practices of the current banking system CreditThe greatest force in modern economy is credit, all currencies originated in credit, and any expansion of the money in circulation is based on credit. In the current system central banks and commercial banks through the consent of the states are the ones issuing credit in a form of fiat money. But credit in itself is originating in a system of trust and can not be owned by any state. This so called trust is backed by credit rating which is a combination of statistical data and periodical evaluations. Thus it is the evaluation process which will soon favor the currencies which will perform better than that of the national currencies. This free evaluation process will expend the credit market into the independent currencies market. INTEREST FREE CREDIT COINS
Since most of us need credit to buy our education, cars and homes, we will "work" for the currencies which will provide us with the best credit package.
Credit provider which will share profit with it's users community will be most attractive to users and thus create grater demand to its coin |
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IFCC Interest Free Credit Coins Interest Free Credit Coins is a platform for crypto-currencies to replace interest-based fiat credit with interest-free crypto-coins loans IFCC is being develop on the premise of a free independent-currencies market in which currency suppliers and credit providers will have to cater to a decentralized competitive free market of currencies.
The coins mechanism of distribution as loans through the IFCC platform is such that it can guarantee value for lenders based on future demand for the coins. Since value is a product of demand, and fluctuation in demand are a product of projected figures and speculation on future figures, the IFCC system is designed in such way that there is always a predetermined figure for the lowest possible demand of coin supply and Thus a floor for the coins value relative to the entire market. IFCC vision is to map out and take the steps required to move the economy from “debts based” economy to “added value” economy.
The philosophy behind the “added-value” economy is such that value is “loaded” into anything including financial instrument such as currency, based on users demand, thus the users are the ones that should benefit from the value acquired by the power of their trust. The IFCC platform is designed to reword borrowers on the increased value of the borrowed coins. The IFCC network long term vision is to use the network power to offer and replace fiat-based debts with the IFCC network coins that are loaned interest free, The IFCC coin will be the platform's token.
Lenders participating in the platform's lending pool will be reworded with tokens.
1 IFCC coin For any number of coins lend through the pool in the value of 1 mili-bitcoin on the day of lending. Below I present how borrowers and lenders both can profit from borrowing. Since this new paradigm of independent coins brakes all the basic rules created by the a monopolized momentary system of a national coin, I ask you to read it carefully and critic it accordingly. When doing so pleas keep in mind the fact that any value is a product of a relationship between demand and supply and that a monopolized monetary system is excluding the creation of money and credit from the free market mechanism. The IFCC coin-pool mechanism
Loans on the IFCC coin-pool are attached to an index, based on the basic cost of living and are interest free.
Payment on debts are calculated according to that index on the due date for each payment.
Thus when the value of the coin increases, less coins pay the debts and the borrower pocket the difference.
When the value of the coin decreases more coins are needed to pay the debts.
An increase of value will profit coin providers and borrowers who keep a portion of the coin for themselves. Decrease of value will created more demand for coins which will naturally push the coin value back up
LOAN TERMS OF USE
1. Borrowers will leave at least 50% of their loan as a collateral in the main pool. by doing so they become shareholders and investors in the main pool.
2. Borrowers will have to build a history to increase borrowing.
Description Of Example Case:
100 coins were put the pool when borrowing starts
Borrowing
1. Julie borrowed 40 coins and returned to the pool 20 coins as collateral
2. Linda borrowed 60 coins and returned 30 coins as collateral
3. Julie and Linda now own the 50 coins that are in the pool but they can not use it themselves. they can land it out to someone else
4. Jonie borrowed the 50 coins and leave in the pool 25 coins
5. jack borrow 25 and leave 12.5
If they were all to pay their debts at once there will have to be 175 coin in existence which means that by loaning back the collateral to another client they,as the user community, creating a demand for 75 more coins which have to be mined in order to be paid back .The potential demand for more coins create a value for the existing coins. This value is the floor value that is not dependent on any other market value.
Returning The Loans
Borrowers debts is calculated according to an index (to be determined which index to follow or create) the borrower have to return index value on the entire sum of money borrowed . their minimum weekly pay back is 10%
1, if the index stay the same Julie will have to pay 6 coins back, Linda 4, Jonie 5 and jack 2.5
total of 17.5 coins back to pool
1. If the coin value increased 50%, the borrowers need to return this week only half the amount of coins which is 5%, total to 8. 75 . the remaining 8.75 coins, they each pocket according to the borrowing sum they took,
By having to get (buy) only half the coins to meet payment obligations, The borrowers instantly lower the demand for the coin
2. if the coin value decreased 50%, they each need to return one and a half of the coins they took which comes to 15% of the sum of coins borrowed. total to 26.25 coins.
Having to get more coins means that they instantly increase the demand for the coin
3. In actual, the percentage of the total coins to be repaid fluctuate between 0% to 100%. theoretically speaking, if coins value drop to 0 all standing balances are required back. if coin value increase 100% no coin payment is required. But since there always is a demand for coins to meet payment obligations the value will never reach 0. it can however reach above 100%.
4. If coin value increase more than 100% The borrowers potentially can withdrawal coins from their collateral accordingly. at 200% they pocket all their remaining loan and owe nothing.
But since their collateral have been loaned out they can not really redeem that part thus the maximum profit a user can make in any given moment is the value of half of the remaining loaned sum which is always the money that iis in their hands (spent or kept) This will prevent the system from default. This condition will be written into the terms of the loans
5. Since the borrowed coins have been spent, the borrowers have to buy new coins using their dollars in order to return them. and at this point they start to put dollar value on the coins. (assuming that until that point this coin had very little value and was traded for surplus of commodity that had no other buyer). |
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NILIcoins
Art-Coins  NILI Coin [NILI] . Coca-Cola Coin [ICOKE], Disney Coin [IDISNEY],
Toyota Coin [ITOYOTA], ebay, Coin [IEBAY],, Twitter Coin [ITWITTER],
Apple Coin [IAPPLE], Beatles Coin [IBEATLES], USA Coin [IUSA] The Coins will be issued in a limited addition on the Bitcoin 2.0 protocol .
Coins are created as art and can gain collector's value after initial distribution .
NILIcoins are created to promote a competitive credit-provides ecosystem. A decentralized monetary system based on cryptocurrency which will employ production power, trade volume and social networks to create an independent coin market. A market which will then have the power to offer a viable and sustainable alternative for the monopoly of bank credit.
The first step is to provide industries and communities the proper coin model to capitalize directly on their commercial power, then utilize coin independence and versatility to initiate the construction of a competitive credit industry.
The NILIcoins project itself was conceived as a result of the need to illustrate this concept in real terms.
NILI coin
[NILI] Share-Token
The coin is backed by the value of my existing art work.
When you buy NILI coin you are buying ownership of my artwork
Owning a coin is owning the proportional piece of the art collection.
Now you dont have to trade with the art itself only with the coins.
 NILI LERNER "Looking at a peacock" 1993 acrylic on canvas, 30"x36" Colectors make huge profits by validating art works using the museum's walls as the ultimate seal of value.
We, the public which value the work, should be able to share profit as "users" just like users of any platform
should. In actual, one painting on the wall of a museum could be owned by thousands of people that are not all
that rich, but want to be invested in this art, and benefit financially from the recognition which that art get.
As a person which appreciate art and add to its intrinsic value by this appreciation, buying a coin would be like
investing in a product you took time to promote.
[NILI] COIN VALUE How The coin draw it’s value and how this value fluctuate
NILI coin is backed by my existing artwork which means that the coin carries the real value of that artwork.
Both,the coin value and the artwork value, are not fixed and will be determined by the market mechanism.
However, a lowest margin for the artwork value indexed to the USD is fixed as well as the coin supply.
Upon the day of issuance the real value of a coin equals The entire art collection value,
divided by the total number of coins issued
100,000 NILI coins have been issued
My art collection worth 1,000,000 Dollars
1 NILI coin = $1,000,000 : 100,000 = $10
1 NILI coin = $10
Upon the day of issuance I commit to:
1. Sell my existing artwork for NILI coins only.
2. The lowest sell value of my existing artwork collection.
3. The lowest value margin for the NILI coins which I sell directly.
4. a guaranteed return of value to distribution coins, realized in art or future investment
5. Once an art piece from the existing collection is sold, all NILI coins received from the sell will be
redistributed to all coin holders.
- - - - - - - - - - - - - - - - - - - up coming coins - - - - - - - - - - - - - - - - - - - ebay Coin [IEBAY] A trade Token-Coin* * The Token-coin model is my intellectual property "....Then I will create a CocaCola Coin.... and a Disney Coin... Apple coin.... ebay coin.. and other industry coins.
Each coin will be created as an illustration for the real coins these industry may create one day" The ebay coin [IEBAY] is issued on Counterwallet.
100,000 coin have been issued . more detail are coming soon Apple Coin [IAPPLE] A Byte Token-Coin* * The Token-coin model is my intellectual property "....Then I will create a CocaCola Coin.... and a Disney Coin... Apple coin and other industry coins.
Each coin will be created as an illustration for the real coins these industry may create one day" The Apple coin [IAPPLE] is issued on Counterwallet.
10,000 coins have been issued . more detail are coming soon Anyway ... all this is my art and once you buy into this project you are invested in my art.
NILIcoins
After the coins will be created and distributed we will move into the next phase.
Using the value power of your coins I will offer you to participate in the first interest free credit pool.
This pool will be the lenders bank to issue new coins as credit to the public in terms that will let the borrower share profit with the lender.
Borrowers will become the source of future demand and by this will secure the future value of the pool's coins
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