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Alternate cryptocurrencies / Altcoin Discussion / Re: [Experiment] Abstract Coin 0.3.0
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on: May 22, 2023, 01:00:45 PM
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If anybody wants an "airdrop" from my portion of the original "distribution", I can send as BRC-20 airdrop I'm interested, where do I apply for airdrop exactly? You just post your address. I will send the first airdrops out today. Unfortunately, it seems none of the original protagonists of this 2013 experiment seem to be active As a reminder, this BRC-20 experiment would be just a transitional solution while we do it properly, as the OP intended (ie. with timestamping on an existing blockchain with json/merkle trees)
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Alternate cryptocurrencies / Altcoin Discussion / Re: [Experiment] Abstract Coin 0.3.0
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on: May 20, 2023, 09:06:05 AM
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Here are the next steps I propose
0) I created 100 000 000 Abstract Sats. As said before, this is a departure from the original concept. It is a provisional solution and if there's enough interest, we will do it properly later
1) if you are in the original leaderboard, write a "command" to DEX/transfer your Abstract Coins to $ACTX, and I will send you your portion of $ACTX. Unfortunately, I think most original holders are all gone from here, I tried to message a few privately. I will only keep my original portion for myself
2) after this BRC-20 project, if there's interest, we'll do it in a better way, by using json for txes, merkle tree, and piggybacking on a crypto chain to keep 'infinite divisibility' of the original concept
The concept as you said about using json for transactions, Merkle trees and merging with crypto chains is an interesting aspect. However, I think this all depends on the response and interest of the community and the support they receive in developing something like this. That is the actual project, yes, it's what the OP wanted to do with this experiment 10 years ago While that is being developed, the 100M quantized "abstract sats" is an interim solution I am the first person to buy abstract coin using crypto coins (see in previous pages)  If anybody wants an "airdrop" from my portion of the original "distribution", I can send as BRC-20 airdrop The BRC-20 model is basically what OP of this thread wanted, as it is exactly that, JSON inscribed onchain. But the part that fits imperfectly is that an abstract coin must be infinitely divisible, whereas $ACTX BRC-20 is "quantized" into 100 million abstract sats
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Alternate cryptocurrencies / Altcoin Discussion / Re: [Experiment] Abstract Coin 0.3.0
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on: May 19, 2023, 11:47:54 PM
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Hey folks, I know it might sound a bit out there to perform necromancy on a decade-old thread back from the dead With the rise of BRC-20 tokens recently, I got the idea: why not give Abstract Coin another shot? So, I went ahead and created $ACTX as a BRC-20 Since the OP said we will piggyback Abstract Coin TXs on the bitcoin blockchain! Now, I know it's not a perfect match for the original idea. After all, BRC-20 doesn't exactly jive with the concept of infinite divisibility. But, I see it as a kind of stepping stone, a placeholder, if you will, between Abstract Coin 0.3.0 and what I hope will be Abstract Coin 1.0 when we figure out how to do it properly I see Abstract Coin as a kind of proto-NFT, an immaterial and invisible valuable or even performance art. Abstract Coin is not tied to any blockchain, but can provisionally use any Here are the next steps I propose 0) I created 100 000 000 Abstract Sats. As said before, this is a departure from the original concept. It is a provisional solution and if there's enough interest, we will do it properly later 1) if you are in the original leaderboard, write a "command" to DEX/transfer your Abstract Coins to $ACTX, and I will send you your portion of $ACTX. Unfortunately, I think most original holders are all gone from here, I tried to message a few privately. I will only keep my original portion for myself 2) after this BRC-20 project, if there's interest, we'll do it in a better way, by using json for txes, merkle tree, and piggybacking on a crypto chain to keep 'infinite divisibility' of the original concept
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network
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on: April 16, 2020, 02:16:43 PM
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I would call this model - Decentralized Feudalism
That's a hilarious but wild comparison. There are specifics about feudalism that don't apply to crypto even metaphorically. The less hyperbolic analogy would be shareholder corporate governance... the more shares you have, the more skin-in-the-game, the more the decisions affect you so naturally your voice weights more. In your model, cryptos are progressing towards democracy, but I would disagree; democracy is not the culmination of the governance evolution. I'm more with Plato here who considered democracy a degeneration. Democracy is what got us into this mess in the first place ( brrrrrrrrrrr); the most oppressed minority in the world is the individual, and it's oppressed by the whims of those who represent the majority.
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