Project Nemesis - Solving distribution problem

[subvolatil]

Hi,
ok if a  coin is created in a localized fashion, it needs to be  distributed to the population some how.

There are many ways to  distribute it, one through only miners, the other by having  miners  mine  and donate  a  amount to  a  pool and use that to  distribute it to the population.

Or do we  have as many people enter mining so that the  distribution take cares of it self. if this is done how do be encourage people to  enter mining. 

[G K G]

If there is a way where we can create a wallet which check for ip when a block is created through mining, and accepts the new block only if the miner's ip belongs to the particular country or group of countries. if this can be achieved then we can include this limitation for the first year or two and after that it would be open to the entire world. this we(indians) might have an advantage.

[G K G]

as pointed earlier by @benson, we can also use the method of auroracoin http://auroracoin.org/
we'll have a premine of certain percentage and distribute it through a pool or by a faucet where the reciever will need to provide a proof of citizenship(voter id or aadhar card, but aadhar card has not been issued to every one).
or we can also setup a pool where if you mine from an indian ip you would be getting a X no.of coins extra from the premine, for every Y no.of coins you mine

[techguy]

If there is a way where we can create a wallet which check for ip when a block is created through mining, and accepts the new block only if the miner's ip belongs to the particular country or group of countries. if this can be achieved then we can include this limitation for the first year or two and after that it would be open to the entire world. this we(indians) might have an advantage.

People will start using Anonymous surfer kind of services like Hotshield and set the current location as India to fool the system

[techguy]

as pointed earlier by @benson, we can also use the method of auroracoin http://auroracoin.org/
we'll have a premine of certain percentage and distribute it through a pool or by a faucet where the reciever will need to provide a proof of citizenship(voter id or aadhar card, but aadhar card has not been issued to every one).
or we can also setup a pool where if you mine from an indian ip you would be getting a X no.of coins extra from the premine, for every Y no.of coins you mine

Iceland where very good national Id database, where as India doesn't has one.

Statistics of Aaadhaar:
The total number of Aadhaar enrollment as of January – 2014 is over 750 million (75 crore) and is going at the rate of about 1 million per day. The total number of Aadhaar Number (AN) processed and assigned as of 2014-01-25 is over 571 million (57.1 crore).

[G K G]

People will start using Anonymous surfer kind of services like Hotshield and set the current location as India to fool the system

as far as i know Hotshield uses anonymous IP. if you want your ip should be shown from a specific region you need to hire some network from that region. it could not be stoppped. but if 1 hires a server or a network from India, it brings new money into India. so thats good anyway.

[subvolatil]

People will start using Anonymous surfer kind of services like Hotshield and set the current location as India to fool the system

as far as i know Hotshield uses anonymous IP. if you want your ip should be shown from a specific region you need to hire some network from that region. it could not be stoppped. but if 1 hires a server or a network from India, it brings new money into India. so thats good anyway.

It can be easily done by using  proxy or even local vpn. so this is the problem

[subvolatil]

as pointed earlier by @benson, we can also use the method of auroracoin http://auroracoin.org/
we'll have a premine of certain percentage and distribute it through a pool or by a faucet where the reciever will need to provide a proof of citizenship(voter id or aadhar card, but aadhar card has not been issued to every one).
or we can also setup a pool where if you mine from an indian ip you would be getting a X no.of coins extra from the premine, for every Y no.of coins you mine

Iceland where very good national Id database, where as India doesn't has one.

Statistics of Aaadhaar:
The total number of Aadhaar enrollment as of January – 2014 is over 750 million (75 crore) and is going at the rate of about 1 million per day. The total number of Aadhaar Number (AN) processed and assigned as of 2014-01-25 is over 571 million (57.1 crore).

Aadhaar is a good option but the problem is how do you verify the Aadhaar, the gov is not gona be like. " Ok! so you guys want to access the Aadhar database to verify people in order to simplify your currency distribution model. here you go." they will be more like  " *silence* ".

The only option i see is the use of a network effect within the rural population by making it easy to use and accessible.

My suggestion is a phase wise implementation. (mining)
1st phase :
Have a good number of miners ready to mine in india the day of the launch.
 i.e. have all the services ready before hand. pools, faucets, gaming,
giveaways, forum, IRC, and a sub-reddit.

2nd phase :(After 15 days)
Have exchanges ready to integrate the new coin so INR can
be transacted and a price value can be put in place.

3rd phase : (After 1 month)
Online shops and merchants integration

My suggestion for a premined 100% coins using a PoS (Which i really dont like doing )
Distribution of the coin would be 100% through Initial BTC or inr input.
This is how it would work.
A time of 2 day is  placed when people can send in BTC or INR, and in the end of
the two days calculate the total amount received, and using the total amount to calculate
the % amt each person put in. Use that % amt to then distribute the new coins to those who put in the money.

p.s. - And in all fairness to every one the money collected(INR + BTC) should be
give to charity. that way no one involved would be targeted as being a person wanting to profit out of this.

My suggestion for premined 20% of the soft cap of  1 billion coins.

The steps for this remains the same as in the First suggestion with the Phase implementation.
But here 20% is premined and would be used to control the price of the coin from unstable
fluctuation.By not allowing prices to jump more than 2X at any given time.



In my opinion the way to go would be no premining, and let the network grow by having a more involved community.

[Benson Samuel]

Aadhar is not 'quite' govt issued or approved by them. In fact, I have been told several times that Aadhar is in a grey area at the moment.

While I truly despise any form of centralized identification system, these guys may provide some valuable outcomes in terms of distribution of digital content like money, etc..

We need an app on day 0, that people can install on their phones, PC's, Pi's, etc.. We raise mass awareness about the app and get it viral. Once we have atleast few 100 mil users 'plugged in', we get everyone to mine from day 0 to 10.
We keep a stable difficulty and allow some form of distribution to enable everyone to earn size-ably without the need of mega hardware.

We would have to take the risk of IP restriction, as I can see no other way.

Pre-mined, while is good for distribution, is not the correct way to attack this problem. What stops someone from purchasing large volumes from outside the country? It would be similar to mining from outside.

The ecosystem is of primary importance. Getting an ecosystem in place before the coin launch will be crucial to its success.