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Author Topic: [Network Repaired][ANN][BITS] BitSeeds - A Currency that Grows!  (Read 36376 times)
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BitSeedsFoundation (OP)
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April 17, 2015, 11:39:33 PM
Last edit: May 04, 2015, 09:32:39 PM by BitSeedsFoundation
 #1

Welcome to
http://i59.tinypic.com/2hdzkg0.jpg
A Currency That Grows!

ReThink. RePlant. Renew

Jobs. Infrastructure. Quality of Life.  Reforest the planet.

Be the Disruption

Change the World.

http://i61.tinypic.com/2412mpv.jpg

Blockchain Parameters

###Proof of Work
* Algo: SHA-256D
* Block 1: 100,000,000BITS Custody Amount
* Block 2 - 111: 0BITS
* Block 112-210: 1BITS
* Block 211 - 26130: 100BITS
* Block 26131 - Onward: 10BITS, Reward reductions follow at a rate of 0.0025BITS every 90 days for 400 reductions, or 99 years.
* Difficulty Regulator: Kimoto's Gravity Well
* TX Comments

###Proof of Stake
* Interest Per Year: 10%
* Minimum Stake Age: 24 hours

###Network
* Coin Maturity: 110 Blocks
* Block Time: 5 minutes
* MainNet Port: 2300
* MainNet RPC Port: 23000

Explorer
http://explorer.bitseeds.org



What Is BitSeeds?
BitSeeds is a hybrid proof of work/proof of stake cryptocurrency network with the stated goal of raising money to assist the Rainforest Foundation (http://rainforestfoundation.org/bitseeds) in its mission of reforesting the planet. For every coin emitted on the BitSeeds network, the Rainforest Foundation and the BitSeeds Foundation has committed to planting one tree. The rate of deforestation is so enormous that in order to restore balance a disruption in traditional fund raising was needed. BitSeeds provides a cryptographic ledger with unique features specifically designed for not-for-profit organizations and driving merchant adoption. Ecosystem development is an ongoing process spearheaded by the BitSeeds Foundation.

Why Is BitSeeds Necessary?
BitSeeds adds ecosystem-specific remittance rails for charitable donations and a blockchain robust enough to accomodate future development.  Every commercial transaction conducted within the remittance rail has the value added benefit of a charitable tax deduction, beyond the normal cost savings of crypto-currency adoption.  Individuals are then incentivized to hold and stake BitSeeds in personal wallets not simply to support the network, but support the greater mission of the Rainforest Foundation to reforest the planet.  

"The simple act of holding BitSeeds makes the world a better place because you are investing in the mission of the Rainforest Foundation to reforest the planet."

What Is The BitSeeds Foundation?
The BitSeeds Foundation is a not-for-profit entity registered in the state of Nevada. More information may be found at the BitSeeds website (http://BitSeeds.org).

Why Is BitSeeds Important?
Cryptocurrencies are a means to give people hope, and that is the primary use case of BitSeeds. Beyond the stated mission, the BitSeeds Foundation is committed to furthering the partnership of cryptocurrencies and charity and offers its network and support services to any charity that wishes to implement a safe and healthy digital currency into their fundraising efforts.

Why Not Use Another Currency?
While BitSeeds could not exist without blockchain technology, other networks may not suitable for most charity organizations. BitSeeds adds ecosystem-specific remittance rails for charitable donations and a blockchain robust enough to accomodate future development. Every commercial transaction conducted within the remittance rail has the value added benefit of a charitable tax deduction, beyond the normal cost savings of crypto-currency adoption. Individuals are then incentivized to hold and stake BitSeeds in personal wallets not simply to support the network, but support the greater mission of the Rainforest Foundation to reforest the planet.

What Makes BitSeeds Different?
While boasting a number of technological advances which make it superior to other currencies, BitSeeds has a real mission to guide its development and growth. The core mission of reforesting the planet always takes precedence over other concerns. Without distractions, the work of the Rainforest Foundation and the BitSeeds Foundation can continue with minimal outside risk.
Why Would Merchants Use BitSeeds?

Merchant adoption is driven through a custom remittance system being developed by Coin.co (http://coin.co). 1.25% of every transaction processed is sent to the BitSeeds Custody Address. Merchants will be presented with a yearly accounting and requisite paperwork for tax purposes.

Every transaction completed through this process is a charitable tax deduction for the accepting merchant.

How Do You Plan To Plant 1,000,000,000 Trees?[/b]
That's the best part about BitSeeds: all of the necessary experience, expertise, ingenuity, and infrastructure are already there! It's all built and ready. All we need is funding from the public to expand 30+ year old reforestation operations to levels never seen before. BitSeeds will provide jobs, infrastructure, and raise the standards of living for the poorest in the world. This project is already in motion.  BitSeeds makes more of it happen, faster.

To make this initiative possible, each year BitSeeds will yield 10% interest to each person who holds the currency. At the launch of the currency, 100 million BitSeeds will be set aside in a special multisig wallet that will generate interest for the Rainforest Foundation. The yearly interest income the Rainforest Foundation receives will enable them to help local communities conserve and restore forests on a scale never before possible.

From the Rainforest Foundation, founding member of the BitSeeds Foundation:
“Immediately slowing or stopping the alarming rate of rainforest destruction is vital to society’s health and wellbeing. So we asked ourselves: how can we leverage more resources to support what we know are effective solutions? The scale of funding needed to halt or reverse rainforest destruction is so large that we can't just do what we've always done to raise funds. We need innovation. We need disruption.”
-Suzanne Pelletier, Executive Director of Rainforest Foundation US and founding member of the BitSeeds Foundation


http://rainforestfoundation.org/bitseeds


In The News
http://www.coindesk.com/rainforest-foundation-digital-currency-save-rainforests/
http://www.newsbtc.com/2015/04/20/bitseeds-and-rainforest-foundation-to-protect-rainforests/

To Everyone Who Helped
Thank you.


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April 17, 2015, 11:39:51 PM
 #2

10 million premined

good luck with that
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April 17, 2015, 11:43:11 PM
 #3

10 million premined

good luck with that

It's actually 100 million.

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April 17, 2015, 11:43:17 PM
 #4

10 million premined

good luck with that

No, 100 HUNDRED Million...and 100 BR...
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April 17, 2015, 11:44:07 PM
 #5

wow sorry missed 1 "0"
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April 17, 2015, 11:45:42 PM
 #6

wow sorry missed 1 "0"

Don't worry, the OP found it and added it to the premine for you....

Oh sorry, not a premine, a "custody amount"...
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April 17, 2015, 11:46:08 PM
 #7

The BitSeeds Custody Address
---------------------------

The custody amount of 100,000,000 BITS was generated in Block 1 and shall be staked for seven days to form a core of funds to kickstart the BitSeeds Foundation.  The custody amount is to be held in a 3-of-4 multisig wallet (BhHpy32LSFgpqNp8ZUpq1dvyJYkuG83JTW) generated with the following public keys:

> **Gabe Aronovich**
> 02f79cdcc8dde477bd4547fda9bc4405081067da7e631dcfb01fce0bc5e0b0402a

> **Coin.co**
> 0314b1e751d0ae6d51805820ea5f64b9fc879454341e259d9b1a919e4710e9ede7

> **Rainforest Foundation**
> 028b9da0d90bc9919648dc95dc07e4c8ac18512277acf6d9620bd24264de8920eb

> **Bryce Weiner**
> 02567e06ff807804a16f189e43f3da8b6647bb0ad1a616386b0aa3e27363a2bdb6

The custody amound shall not be spent, but shall be staked no more frequently than a quaterly basis after the initial seven days following launch.  Interest generated will be directly reinvested into development of the BitSeeds ecosystem by incentivizing participants and vendors to accept BitSeeds for the automatic charitable tax deduction (see below).  The interest paid on the first seven days shall be held and staked by the BitSeeds Foundation as a means of thanking donors for supporting our mission and that of the Rainforest Foundation.
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April 17, 2015, 11:46:49 PM
 #8

Where is the working wallet? Wallet from website shows no response and error while running it. Also is it launched? Any pools?
BitSeedsFoundation (OP)
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April 17, 2015, 11:53:04 PM
 #9

Bryce Weiner no longer works for Blocktech due to their unethical conduct.  This is a well known fact.  Blocktech had nothing to do with this network. 

The official pool isn't online but it will certainly be posted here when it is!

Thank you for your support!
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April 17, 2015, 11:54:26 PM
 #10

Bryce Weiner no longer works for Blocktech due to their unethical conduct.  This is a well known fact.  Blocktech had nothing to do with this network. 

The official pool isn't online but it will certainly be posted here when it is!

Thank you for your support!
Premine is ridiculous
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April 17, 2015, 11:58:51 PM
 #11

Bryce Weiner no longer works for Blocktech due to their unethical conduct.  This is a well known fact.  Blocktech had nothing to do with this network. 

The official pool isn't online but it will certainly be posted here when it is!

Thank you for your support!
Premine is ridiculous

Yep... I had a pool built and ready.. but then saw the amount of coins already in circulation.. Ridiculous! Bagtech Product.

Bitfarms.io - Powering Blockchains with Sustainable Energy
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April 17, 2015, 11:59:13 PM
 #12

The premine will never be sold. It will be locked in a 3-of-4 multisig wallet and staked periodically each year.  The interest generated will be sold to donors directly.
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April 18, 2015, 12:15:57 AM
 #13

This thread is moderated and inflammatory posts will be deleted.

The blockchain holds all of the proof of conduct necessary.
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April 18, 2015, 12:37:01 AM
 #14

I grew up in a house surrounded by trees and have had plans for a long time to use (hopeful) future profits from cryptocurrency to buy land here on the island (Big Island, Hawaii) for conservation and reforestation.

Forests (if not necessarily rainforests) are my absolute favorite places in the world; the cause of reforestation is one I care about. So I hope that this project is successful in its stated goals. Guess time will tell...
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April 18, 2015, 12:48:12 AM
 #15

I grew up in a house surrounded by trees and have had plans for a long time to use (hopeful) future profits from cryptocurrency to buy land here on the island (Big Island, Hawaii) for conservation and reforestation.

Forests (if not necessarily rainforests) are my absolute favorite places in the world; the cause of reforestation is one I care about. So I hope that this project is successful in its stated goals. Guess time will tell...

We feel the same way!

Thank you!
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April 18, 2015, 01:35:03 AM
 #16

The BitSeeds Custody Address
---------------------------

The custody amount of 100,000,000 BITS was generated in Block 1 and shall be staked for seven days to form a core of funds to kickstart the BitSeeds Foundation.  The custody amount is to be held in a 3-of-4 multisig wallet (BhHpy32LSFgpqNp8ZUpq1dvyJYkuG83JTW) generated with the following public keys:

> **Gabe Aronovich**
> 02f79cdcc8dde477bd4547fda9bc4405081067da7e631dcfb01fce0bc5e0b0402a

> **Coin.co**
> 0314b1e751d0ae6d51805820ea5f64b9fc879454341e259d9b1a919e4710e9ede7

> **Rainforest Foundation**
> 028b9da0d90bc9919648dc95dc07e4c8ac18512277acf6d9620bd24264de8920eb

> **Bryce Weiner**
> 02567e06ff807804a16f189e43f3da8b6647bb0ad1a616386b0aa3e27363a2bdb6

The custody amound shall not be spent, but shall be staked no more frequently than a quaterly basis after the initial seven days following launch.  Interest generated will be directly reinvested into development of the BitSeeds ecosystem by incentivizing participants and vendors to accept BitSeeds for the automatic charitable tax deduction (see below).  The interest paid on the first seven days shall be held and staked by the BitSeeds Foundation as a means of thanking donors for supporting our mission and that of the Rainforest Foundation.


"shall not be spent, but shall be staked no more frequently than a quaterly" while we fork and doublespend the network due to insane stake weight built up.

$MAID & $BTC other than that some short hodls and some long held garbage.
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April 18, 2015, 02:20:33 AM
 #17

The entire amount will not be staked at once for obvious reasons.
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April 18, 2015, 02:33:05 AM
 #18

So what is the business model here?  

1) You are issuing a crypto coin, with a huge premine for yourselves, but you are not going to sell the premine, just keep it to generate interest and spend that.  

2) Then you host the blockchain and mining on a server that costs $$$ every month.  

3) you are then going to plant 1 billion trees?


Merchant adoption is driven through a custom remittance system being developed by Coin.co (http://coin.co). 1.25% of every transaction processed is sent to the BitSeeds Custody Address. Merchants will be presented with a yearly accounting and requisite paperwork for tax purposes.

Every transaction completed through this process is a charitable tax deduction for the accepting merchant.


4) are you registered as a charity?  What is your IRS non-profit number?

So........... where is the money coming from for you to pay for the servers, future development of the coin, and the trees?  

This is a generation 1 coin, that is outdated already.  Crypto coins like Crypti and NXT are offering applications and DAPPs secured by the block chain, which gives them a real world use, other than trading for fiat or other alt-coins.

I dont see a sustainable business model here.  

BitSeedsFoundation (OP)
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April 18, 2015, 02:45:39 AM
 #19

So what is the business model here?  

1) You are issuing a crypto coin, with a huge premine for yourselves, but you are not going to sell the premine, just keep it to generate interest and spend that.  

2) Then you host the blockchain and mining on a server that costs $$$ every month.  

3) you are then going to plant 1 billion trees?


Merchant adoption is driven through a custom remittance system being developed by Coin.co (http://coin.co). 1.25% of every transaction processed is sent to the BitSeeds Custody Address. Merchants will be presented with a yearly accounting and requisite paperwork for tax purposes.

Every transaction completed through this process is a charitable tax deduction for the accepting merchant.


4) are you registered as a charity?  What is your IRS non-profit number?

So........... where is the money coming from for you to pay for the servers, future development of the coin, and the trees?  

This is a generation 1 coin, that is outdated already.  Crypto coins like Crypti and NXT are offering applications and DAPPs secured by the block chain, which gives them a real world use, other than trading for fiat or other alt-coins.

I dont see a sustainable business model here.  

The Rainforest Foundation is already planting trees.  This work is already in progress at this moment.

Charity registrations are still in process with the state and shall be provided when available.
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April 18, 2015, 02:54:31 AM
 #20

Is there any ETA on a pool?  And a Mac wallet? Thanks.
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