The World's first Consensus Fixed Valued Cryptocurrency (CFVC) Preliminary Mission Statement: The primary purpose of Dollarcoin [DC] is to provide a non-volatile cryptocurrency capable of maintaining a price stability of 1:1 with the U.S. Dollar by the adoption of Consensus Fixed Value [CFV] (as well as several other possible methods utilized by a Dollarcoin Foundation along with the Dollarcoin community). What is CFV? CFV is the voluntary yet implicit agreement that no one shall sell or buy Dollarcoin for any value greater than or less than the value of 1 U.S.dollar. Why? Because it is Dollarcoin.
There are many potential benefits inherent in Dollarcoin, primarily however, it is to provide a digital currency of stable value, that gives the end user ease of use, security and functionality.
Status: Obviously Dollarcoin is a project in its earliest of stages so there are many decisions to be made. But this also provides anyone interested a chance to get in on the ground floor and be a part of Dollarcoin's creation and future. It would be best if we could use this thread at first to discuss the general outline of what we want in Dollarcoin and the technical specifications necessary to make that a reality. The way the coin is first distributed through mining will be of paramount importance. Premining/IPO type distribution will not be allowed. The aim will be to get as many smaller gpu and lower level miners involved as possible, as well as other creative and transparent ways of initial distribution. A good goal would be to have the most creative and fair launch of any cryptocurrency to date. This is an essential step in cementing Dollarcoin into its 1:1 value status with the U.S. Dollar. Once we have a handle on the specifications and distribution process we want to utilize with Dollarcoin there will be bounties issued. It's time for something different than pump and dump price manipulation. It's time for Dollarcoin.
"Dollarcoin, because it's time to make history."
First issues up for debate:
Symbol:
[DC] or [DOC] would seem appropriate. Thoughts? looks like it will be [DC]. Eventually Dollarcoins could be referred to as "DCs."
Algorithm: Pow/Pos?
Total coins: One idea might be 10x BTC for a total of ~210,000,000. This would provide a quantitative link with BTC while providing enough money for bounties, etc.
Distribution: ?
The items to list in this list that are up for debate: ?
