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Author Topic: ÇoinProLite (ÇPL): Converting Shitcoins' Sçhit ---> ฿/$/etc. via Proof-of-Burn  (Read 16127 times)
CoinProLite (OP)
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September 19, 2014, 09:11:34 AM
Last edit: September 19, 2014, 09:28:42 AM by CoinProLite
 #41




Salman Khan talk at TED 2011 (from ted.com)

I can't go wrong using Khan Academy's YouTube channel (Ticker Symbol: Khan, KA, KhanA, or KhanAc, dependent upon what they or their subscribers choose) - https://www.youtube.com/user/khanacademy/about - as another example to further illustrate the Sçhit ---> ÇPL ---> YTC ---> YTC c-c ---> BTC$whatever concept.



But, before I embark - again (hit a snag with the example depicted in a previous post above) - let's take a quick look at the stats of Khan (ticker symbol):


Khan Academy has 65 channels, thus, theoretically, they could enjoy 65 YTC c-c trading on the YTC exchange platform, all having different ticker symbols, with each its c-c shares trading at no less than one US ¢ent per, for their friends, family, subscribers, students, teachers, investors, to name a few, to purchase, in which to show their support, as an investment, or both.

Continue to bear in mind that all YTC c-c (crypto-commodity) trade in increments of whole US ¢ents on the YTC c-c exchange (the domain name procured, but not yet disclosed), and not fractional or decimal segmentation of such.

Whether you realized it beforehand or not, there's not a single cryptocurrency, including Bitcoin, that can blast an email to 2,180,208 subscribers, not to mention the various other avenues Khan Academy utilizes, to notify said base whatever, with an accompanied advert(s) to boot. In fact, all the altcoins combined DON'T have that large subscriber base. That's pretty damn strong! Now, multiply that by at least a hundred, and you'll begin to approach how powerful the Sçhit ---> ÇPL ---> YTC ---> YTC c-c ---> BTC$whatever concept truly is, all the while you and/or devs are tinkering with the next singular shitcoin that may or may not be fruitful. If the may-not's the end result, that'll just be more fodder eventually converted over to ÇPL by those, once again, who picked an underperforming alt/crypto.

All that said, and at the risk of being higgledy-piggledy (recent #WOTD), allow me to once again walk you through how a Sçhitcoin (not meant derogatorily  Wink) Sçhit metamorphized to ÇPL could be further traded up to YTC c-c using (you're goin' to love this) LeafCoin (LEAF) ---> Khan Academy (Khan), as the examples representing the remonetization of Sçhitcoin Sçhit to something of greater value, along with having the ability to readily exit the platform at various intervals sans needing to jump through hoops like a trained show dog performing for the promise of treats.  

Hoping that all the zeros fit the screen, LeafCoin currently trades at 2.513e-09 BTC or ~$.000001 each. Thus, it'll take 10,000 LEAF to be worth $.01 (1 US ¢ent). LeafCoin has a market cap of 39 BTC (~$17,890.86) with an available supply of 15,322,977,853 LEAF. Awesome!  Shocked "Circle the LEAF wagon next to the privy cart, boys! We don't want them pesky Indians gettin' their red paws on our precious."

As outlined earlier, only 1% of any given Sçhitcoin's Sçhit's market cap can be queued, then converted, to ÇPL during any 30-day time frame, with some undetermined maximum percentage of that sum able to be transferred per individual (possibly determined by email or wallet addresses, and monitoring IPs to help deter gaming of the system).

For illustrative purposes, we'll consider the entire 1% lump sum, disregarding the number of actors involved. Thus, only the max $178.91 worth of LEAF (or 153,229,779 LEAF, both this and the $ amount rounded up) would be able to metamorphosize to ÇPL within any given 30-day period.

Adding the 36% premium (also outlined earlier), $178.91 becomes $243.32 worth of ÇPL via PoB [-Burn], depicted as 24,332ç when purchasing ÇPL at its lowest possible price point - one US ¢ent/1 US penny/1¢/.

With 24,332ç on account, one may opt to exit the exchange(s) that ÇPL trades on to receive at least $243.32 USD or BTC/?, or... (parlay comes to mind)

The 24,332ç could be used to purchase YTC, then one would have 24,332YTC (YTC symbol pending, albeit this works swelly).

Again, with 24,332YTC on account, one may opt to exit the exchange(s) that YTC trades on to receive at least $243.32 USD (considering YTC's lowest possible price point at one US ¢ent/1 US penny/1¢/) or BTC/?, or... (parlay comes to mind)

As stated above, we're using the YouTube creator's brand Khan Academy, having the c-c ticker symbol Khan, to further illustration the Sçhitcoin Sçhit ---> ÇPL ---> YTC ---> YTC c-c ---> BTC$whatever concept along.

The 24,332YTC could be used to purchase YTC c-c Khan on YTC's c-c exchange, then one would have 24,332 Khan (still worth $243.32, all things considered equal) or, more precisely, 24,332 shares of Khan Academy since we're speaking of a crypto-commodity, not a cryptocurrency.

Once again, the 24,332 Khan would be able to readily exit the YTC c-c exchange in lieu of USD/BTC/?, or...

The 24,332 Khan could readily trade for the myriad YTC c-c, with one having the ability to exit from ANY c-c at will to formidable options available - USD/BTC/? (? = any other money transfer system in place, i.e., other trusted cryptocurrencies).

To be clear, if 24,332ç enters the YTC c-c exchange, regardless what Sçhitcoin Sçhit was burned via PoB, the worse one would exit with is $243.32, maintaining their 36% premium after trading for at least one YTC c-c (more on this aspect forthcoming). The other option would be is keeping the 24,332ç in place to take advantage of the handsome PoS [-Stake] offering.

I duly hope the above more firmly ingrains LEAF ---> YTC ---> YTC c-c's Khan ---> $/BTC/?.

The algo/protocol of YTC has yet to TBD, although its realistic maximum set amount has been formulated. Same true for each YTC c-c, all of which will be of the exact same builds, and definitely minable via low-cost, low-power registered devises, programmable by its users/miners to trade in and out of the myriad c-c depending on parameters suitable to their liking.

As mentioned prior, the IPCO of all c-c will be no less than one US ¢ent/1 US penny/1¢/. I am toying with a two-weeknot TM pre-IPCO trading period available only to YouTube creators having their brands already participating in the YTC program, and to those entering the YTC exchange via ÇPL, thus giving the latter another reason to participate for having previously failed at their attempt to ROI with their formally worthless Sçhitcoin Sçhit.

One will be able to acquire YTC and YTC c-c via as many cryptocurrencies as possible, including Apple Pay, and limited amounts via PayPal and credit cards, for I'm paving the way for at least a million new cryptoers desiring to purchase shares of their favorite YouTube creator's brands.

In closing, while others are building, then hawking their newfangled alt to hopefully best LEAF's $17,890.86 market cap, I'm moving forward building a billion-dollar-plus enterprise.

Questions?

~Brüno Kučinskas

ÇoinProLite Takes Your Sçhit - Literally!

ÇoinProLite Takes Your Sçhit - Literally!
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September 30, 2014, 09:01:49 PM
 #42

Quote
Khan Academy has 65 channels, thus, theoretically, they could enjoy 65 YTC c-c trading on the YTC exchange platform, all having different ticker symbols, with each its c-c shares trading at no less than one US ¢ent per, for their friends, family, subscribers, students, teachers, investors, to name a few, to purchase, in which to show their support, as an investment, or both.

Upon revisiting the above, it occurred to me that Khan Academy's 65 channels have various degrees of success, thus possibly different block awarding schedules predicated on their individual reach could be considered, tweaked in such a way to still make it advantageous for their least subscribed-to channel to enjoy the benefits that a YTC c-c has to offer.

~Brüno Kučinskas

ÇoinProLite Takes Your Sçhit - Literally!

ÇoinProLite Takes Your Sçhit - Literally!
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September 30, 2014, 09:10:21 PM
 #43

If I were to get at least a dozen YouTube creators on board the YTC c-c concept, would you guys be more receptive of the overall endeavor?

I'm positive that after sending a blast of emails, a myriad of creators will reply with some sort of noncommittal approvals, especially after seeing that they'll have nothing to lose via participating provided, of course, their brands are protected.

~Brüno Kučinskas

ÇoinProLite Takes Your Sçhit - Literally!

ÇoinProLite Takes Your Sçhit - Literally!
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September 30, 2014, 09:19:32 PM
Last edit: September 30, 2014, 09:37:03 PM by UberNifty
 #44

At first, I thought I was witnessing Monty Python gone horribly crypto (i.e. the butt trumpets from "Holy Grail")... then this fellow Bitcoiner's epiphany hit me like a bolt of lightning. On the "Watch" list!

Shocked

...

Huh

...

Undecided

...

Cool

Brilliant!


[Edit]
Heralding ÇoinProLite (ÇPL) Monty Python-style:


"Remember, the blockchain is truth..."
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September 30, 2014, 09:48:45 PM
Last edit: October 02, 2014, 09:11:30 PM by CoinProLite
 #45

At first, I thought I was witnessing Monty Python gone horribly crypto (i.e. the butt trumpets from "Holy Grail")... then this fellow Bitcoiner's epiphany hit me like a bolt of lightning. On the "Watch" list!

Shocked

...

Huh

...

Undecided

...

Cool

Brilliant!


[Edit]
Heralding ÇoinProLite (ÇPL) Monty Python-style:


Holy fuckin' shit! I simply love it! I can easily incorporate that image into the ÇoinProLite mix, of course keeping such at bay when it comes to YTC and YTC c-c.

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September 30, 2014, 10:03:46 PM
Last edit: September 30, 2014, 10:14:25 PM by UberNifty
 #46

Yes, aside from copyright yadayada, it definitely fits the scene. Several months back, when i first learned about PoB, I was immediately intrigued; albeit at a loss for how it could be of practical use... that is, until now. Keep up the awesome work!

"Remember, the blockchain is truth..."
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September 30, 2014, 10:13:31 PM
 #47

Also, just a thought... but this thread may be of great interest to you, if you do indeed launch your project (no affiliation):

https://bitcointalk.org/index.php?topic=802212.0

This would give your PoB altcoin some serious thrust at the appointed time, perhaps.

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October 01, 2014, 01:12:05 AM
 #48

Also, just a thought... but this thread may be of great interest to you, if you do indeed launch your project (no affiliation):

https://bitcointalk.org/index.php?topic=802212.0

This would give your PoB altcoin some serious thrust at the appointed time, perhaps.

Well, that was an interesting read. Thanks, bud. BTW, I guess I'll be the first to provide a link to his site since somehow its owner forgot to add it in the OP: http://cryptocollider.com/.
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October 02, 2014, 10:04:09 PM
Last edit: October 08, 2014, 01:14:56 AM by CoinProLite
 #49

ÇoinProLite paves the way for YouTubeCoin (real name still cloaked, albeit retains the YTC initials), et al., where content creators of highfalutin' YouTube channels have their venerable brands trade YTC c-c (crypto-commodity, depicted as two- to six-character ticker symbols) on a dedicated exchange so that they and their sycophants, among others, could potentially benefit from bellwether trends, and visualizing first-hand - on a continuous basis - how theirs truly fair against peers.

~Brüno Kučinskas

ÇoinProLite Takes Your Sçhit - Literally!

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October 02, 2014, 11:10:42 PM
Last edit: October 08, 2014, 02:10:20 AM by CoinProLite
 #50

The following, sans the redactions in bold blue font, is what's currently published on the YTC site that it, too, has not been disclosed. Further, safely assume that whenever you see , the redacted term it accompanies has yet to be formally trademark.



YouTubeCoin (actual name redacted) is more than an emblematic altcoin encompassing relatively similar attributes, i.e., as an independent peer-to-peer consensus system; its primary utility functions as an online web-based trading and client portal, affording members free access to a myriad of user-friendly options, thus enabling them to further heighten, perhaps influenced by affinities or trends, any world-renowned or promising YouTube channel creator [L......] by readily trading their now enhanced monetized brand as a crypto-commodity (c-c) [Y...Stock] – in real time – à la a cryptocurrency-backed commodity [yA......], exchanged on a secure, dedicated platform [YTC-...] that's pegged to a unique ticker symbol [T.....], never to be traded below an ICO's per share [y...] price point of at least one U$ ¢ent (1¢), with upwards of 6% of y...s methodically doled out gratuitously to our affiliated YouTube publishers, plus (.)5% via a facet [y......] to their subscribers – as y...s become available – distributed accordingly as gratitude for patronage and loyalty, respectively, sourced from one of the family of domains that's under the auspices of our administrative syndicate [Y....opolis], i.e., [URL redacted], or elsewhere.

~Brüno Kučinskas

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ÇoinProLite Takes Your Sçhit - Literally!
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October 12, 2014, 09:09:07 AM
 #51

this shit is too much academic! nobody understand it!

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October 22, 2014, 06:24:45 PM
 #52

Holy Sçhit! I need eye drops now. God, the colors are burning my eyes. A rhino shitting - seriously? LOL

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October 23, 2014, 01:59:49 AM
 #53

this shit is too much academic! nobody understand it!

I'm currently working on the white paper to present the overall project more coherently, at least that's the plan.

Holy Sçhit! I need eye drops now. God, the colors are burning my eyes. A rhino shitting - seriously? LOL

Okay, what's your deal? Seriously, you're not one of them rhinoshittingphobes, are you?  Grin



Feel better now?  Tongue
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October 24, 2014, 01:18:17 AM
 #54

 Roll Eyes  Huh

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February 27, 2015, 10:12:30 PM
 #55

where the fuck am i, and what happened in my life that i ended up here?  wowbobwow.
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