Bitcoin Forum
October 29, 2020, 02:07:04 AM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2] 3 4 5 6 7 8 9 10 11 12 13 14 »  All
  Print  
Author Topic: [ANN][GRT] Grantcoin: Currency with a Conscience (old thread)  (Read 35888 times)
freebird
Sr. Member
****
Offline Offline

Activity: 414
Merit: 250

Freedom through Cryptocurrency!


View Profile
May 06, 2015, 05:15:14 AM
 #21

@freebird, thank you! is there a link to all of this? and the Excel is empty? how do i get in on the first patch? can I enter an order now? what is the lowest initial sale price? what are the following prices?

There are multiple sheets in the Excel file. First sheet is on-market sales that have already occured (therefore nothing there yet), other sheets in the spreadsheet are planned sales.

We still have to decide how to distribute the planned sales among the various Ripple markets for different currencies. We'll probably do it by GDP of each national currency, so US Dollars and Euros would be the biggest ones, but our Board of Directors hadn't made a decision about this yet and it'll be discussed at our next meeting which is tomorrow. We'll try to put out an updated spreadsheet with planned sales broken down by each currency before trading begins.

Also, as I mentioned, the sales at higher prices, let's say beyond about 10x the opening price, might be reduced if the market can't handle it. It all depends on how much buying interest there is. Our current sales plan reflects what we'd like to see happen, but details are subject to change based on what would be the best course of action to balance the financial needs of the organization with the interest of investors and merchants to have a stable and well-supported price.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
1603937224
Hero Member
*
Offline Offline

Posts: 1603937224

View Profile Personal Message (Offline)

Ignore
1603937224
Reply with quote  #2

1603937224
Report to moderator
1603937224
Hero Member
*
Offline Offline

Posts: 1603937224

View Profile Personal Message (Offline)

Ignore
1603937224
Reply with quote  #2

1603937224
Report to moderator
1603937224
Hero Member
*
Offline Offline

Posts: 1603937224

View Profile Personal Message (Offline)

Ignore
1603937224
Reply with quote  #2

1603937224
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1603937224
Hero Member
*
Offline Offline

Posts: 1603937224

View Profile Personal Message (Offline)

Ignore
1603937224
Reply with quote  #2

1603937224
Report to moderator
1603937224
Hero Member
*
Offline Offline

Posts: 1603937224

View Profile Personal Message (Offline)

Ignore
1603937224
Reply with quote  #2

1603937224
Report to moderator
freebird
Sr. Member
****
Offline Offline

Activity: 414
Merit: 250

Freedom through Cryptocurrency!


View Profile
May 06, 2015, 05:18:28 AM
 #22

Oh, and yes, trading will open first on Ripple Trade. We'd like to get on a significant Bitcoin exchange like Bittrex or Poloniex around the same time too, preferably the exact same day, but that's harder to predict because they make their decisions based on perceived demand which is a vague measurement. I hope the 250+ Twitter followers we've gotten in the first 5 days since launch will help sway their decision. Smiley

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
freebird
Sr. Member
****
Offline Offline

Activity: 414
Merit: 250

Freedom through Cryptocurrency!


View Profile
May 06, 2015, 05:20:11 AM
 #23

you may want to push the rippletrade roll out a bit. RL is having everyone migrate their wallets by the 1st, could be some issues. https://idripple.com/

Thanks for the heads up. We'll have to look into this. Our partners in the Ripple community (One Million Gateways and Rippex) should be able to give us some good advice on whether we should delay trading.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
National
Sr. Member
****
Offline Offline

Activity: 269
Merit: 250


View Profile
May 06, 2015, 05:20:26 AM
 #24

okay so I just entered a $25 order on ripple trade for GRT.Grantcoin. So Ill be good for that at the release? also, out of curiousity, how do you guys know you have enough attention to roll out less than 15 days after the announcement that grantcoin even exists?
freebird
Sr. Member
****
Offline Offline

Activity: 414
Merit: 250

Freedom through Cryptocurrency!


View Profile
May 06, 2015, 05:23:39 AM
 #25

okay so I just entered a $25 order on ripple trade for GRT.Grantcoin. So Ill be good for that at the release?

If you establish a trust line with ~Grantcoin for GRT, it should be good to go. For $USD the trading pair where we'll be selling the tokens is USD.SnapSwap, so that's the market I recommend placing your order on.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
freebird
Sr. Member
****
Offline Offline

Activity: 414
Merit: 250

Freedom through Cryptocurrency!


View Profile
May 06, 2015, 05:27:25 AM
 #26

also, out of curiousity, how do you guys know you have enough attention to roll out less than 15 days after the announcement that grantcoin even exists?

Can't be sure. But we were already interviewed on Let's Talk Bitcoin and we're being recorded for another interview with Bitcoins and Gravy next week, and we're doing aggressive promotion on Twitter, and also the mining reward jumps up a LOT in about 1 week from now. So, with all those things, hopefully it'll be enough attention to get some buying to happen. If the buying doesn't happen as quickly as hoped, it's all cool, it'll happen whenever the right people find out about Grantcoin. Smiley

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
National
Sr. Member
****
Offline Offline

Activity: 269
Merit: 250


View Profile
May 06, 2015, 05:33:09 AM
 #27

can you send me the link to the interviews and your twitter?
freebird
Sr. Member
****
Offline Offline

Activity: 414
Merit: 250

Freedom through Cryptocurrency!


View Profile
May 06, 2015, 05:36:25 AM
 #28

can you send me the link to the interviews and your twitter?


Let's Talk Bitcoin interview here.

Twitter @Grantcoin

Bitcoins and Gravy interview will be recorded next week.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
National
Sr. Member
****
Offline Offline

Activity: 269
Merit: 250


View Profile
May 06, 2015, 08:08:07 PM
 #29

is this the best place to look for updates?
freebird
Sr. Member
****
Offline Offline

Activity: 414
Merit: 250

Freedom through Cryptocurrency!


View Profile
May 07, 2015, 01:32:41 AM
 #30

is this the best place to look for updates?

Yeah, we'll be keeping this thread regularly updated. Also our Twitter account.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
atrostophe
Full Member
***
Offline Offline

Activity: 152
Merit: 100


View Profile
May 07, 2015, 02:05:47 AM
Last edit: May 07, 2015, 02:20:38 AM by atrostophe
 #31

this will 100% turn out to be a scam i promise you

money can never have a concience lol
freebird
Sr. Member
****
Offline Offline

Activity: 414
Merit: 250

Freedom through Cryptocurrency!


View Profile
May 07, 2015, 02:47:52 AM
 #32

money can never have a concience lol

"The people can never have a seat in government; only the king can rule." -- England, pre-Magna Carta.

"Black people can never be free citizens." -- America, pre-Civil War

"Women can never have the right to vote." -- America, pre-19th Amendment

"[Insert one of dozens of countries here] can never be an independent country; the British Empire will reign." -- all over the world until the mid 20th century

"Gay people can never marry." -- America, a few years ago

So, what does history tell us? That features of society evolve, and things that seem impossible can become possible because people with a conscience decide to make the right thing happen. Who's to say that a more ethical type of money is impossible or can never happen?

And if it were a scam, why would the people involved be using their real names?

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
National
Sr. Member
****
Offline Offline

Activity: 269
Merit: 250


View Profile
May 07, 2015, 07:59:32 AM
 #33

this will 100% turn out to be a scam i promise you

money can never have a concience lol

Unless money has a common interest with conscience (i.e. a good that happens to make profit and be marketable.)
atrostophe
Full Member
***
Offline Offline

Activity: 152
Merit: 100


View Profile
May 07, 2015, 05:08:43 PM
 #34

money can never have a concience lol

"The people can never have a seat in government; only the king can rule." -- England, pre-Magna Carta.

"Black people can never be free citizens." -- America, pre-Civil War

"Women can never have the right to vote." -- America, pre-19th Amendment

"[Insert one of dozens of countries here] can never be an independent country; the British Empire will reign." -- all over the world until the mid 20th century

"Gay people can never marry." -- America, a few years ago

So, what does history tell us? That features of society evolve, and things that seem impossible can become possible because people with a conscience decide to make the right thing happen. Who's to say that a more ethical type of money is impossible or can never happen?

And if it were a scam, why would the people involved be using their real names?


money is a different game entirely from people and colonies and rights lol theres no comparison, money cant be fair or it would have no worth or value so use a bit of common sense

how legit are these people though? theres no links/proof theres just some writing saying what they do, how many coins do you know that turned out to be a success that had a public face right from the start (maybe ie's bytecent but even that perished a little)

tyz
Legendary
*
Offline Offline

Activity: 2394
Merit: 1272



View Profile
May 07, 2015, 06:17:32 PM
 #35

I hoped to get more information about the new proof-of-participation concept from the whitepaper, but I only found superficial description about it. Can you provide some more "mathmatical" information?

National
Sr. Member
****
Offline Offline

Activity: 269
Merit: 250


View Profile
May 07, 2015, 07:42:26 PM
 #36

what time do the coins release on the 15th?
The Grantcoin Foundation
Member
**
Offline Offline

Activity: 76
Merit: 10


View Profile WWW
May 07, 2015, 11:28:31 PM
 #37

I hoped to get more information about the new proof-of-participation concept from the whitepaper, but I only found superficial description about it. Can you provide some more "mathmatical" information?

The proof-of-participation grants to businesses will be made based on a process of (1) application, (2) qualification, (3) discretion by the Foundation and its national and local affiliates. So, here's an example of how it would go:

1. Companies A, B, and C apply for a grant. They each submit information about their company's activities and business practices according to a template provided by the Foundation.

2. Each company's application is scored according to a scoring system. This is where mathematics will come in. Let's say Company A scores 60/100, Company B scores 85/100, and Company C scores 40/100. Let's say 50/100 is set by the Foundation as the threshold to qualify for a grant, so in this case Company A and B would qualify, but Company C would be eliminated from consideration.

3. Now the grantmaking institution has to decide how much Grantcoin to give to Company A and B. Let's say it's two local businesses in a particular city. So the members of the local affilate of the Grantcoin Foundation in that city would discuss those companies and their merits, and would decide how much to grant to each one.

In terms of the specific qualifications and scoring system, the details have yet to be determined. But in broad terms, it will be based on what's called the Triple Bottom Line, which means companies have to demonstrate evidence that they are profitable, that they are respecting people, and respecting the environment. Companies will be scored in all three of those areas. Within each area there will be more specific criteria. Here is a rough overview from the first draft of our Policy on Grantbanks (national/local grantmaking affiliates):

Quote
6.   Potential recipients of business grants as defined in section 5 above must submit to the Grantbank an application detailing its value or success in all three aspects of the triple bottom line: humanitarian value (positive effect on people and community), environmental value (positive effect on the planet and ecosystem), and economic value (profitability). This may include descriptions of business practices and policies, certifications received, financial data, and other relevant information. At minimum, the applicant must address these areas:
a.   Humanitarian:
i.   Degree of ownership by employees, and opportunities to earn equity or participate in decision-making in the organization, if any.
ii.   Presence of labor unions, if any, and policies in that regard.
iii.   Employee compensation and benefits compared to similar businesses in the same or similar locations.
iv.   Degree of inequality of pay scale and benefits for highest and lowest employees.
v.   Degree of reliance on temporary or part-time labor without benefits.
vi.   Steps taken to source inputs through fair trade imports, if applicable.
vii.   Steps taken to source inputs from companies with humanitarian practices, e.g. avoiding or reducing inputs produced by child labor or other forms of exploitation of workers.
viii.   Participation in community service and charitable donations and activities.
b.   Environmental:
i.   Steps taken to reduce carbon footprint.
ii.   Steps taken to reduce pollution and industrial or consumer waste.
iii.   Policies and practices regarding agriculture, forestry, or animal husbandry, e.g. organic, sustainable, non-GMO, cruelty-free, etc., if applicable.
iv.   Steps taken to source inputs from environmentally responsible companies.
v.   Charitable donations and activities to help the environment.
c.   Economic:
i.   Current revenue, expenses, and profitability (at least breaking even?).
ii.   Revenue trend (growing or declining?).
iii.   Profitability trend (growing or declining?).

The specific granular details of the application, scoring criteria, formulas, and process, are yet to be determined. The Grantcoin Foundation will be building relationships with certifying bodies that have already developed methods for scoring the sustainability of businesses, to learn from their expertise and develop the details of our business grant program accordingly.
The Grantcoin Foundation
Member
**
Offline Offline

Activity: 76
Merit: 10


View Profile WWW
May 07, 2015, 11:47:39 PM
 #38

what time do the coins release on the 15th?

The time hasn't been decided yet. Keep following this thread for more detailed info and updates as the date approaches.
The Grantcoin Foundation
Member
**
Offline Offline

Activity: 76
Merit: 10


View Profile WWW
May 10, 2015, 04:01:34 AM
 #39

Grantcoin Foundation Partners with Rippex to Bring Grantcoin to Brazil

The Grantcoin Foundation is pleased to announce our partnership with Rippex, a Ripple gateway based in Brazil. The Foundation will establish a market on Ripple Trade for users to trade Grantcoin for Brazilian reals using the BRL.Rippex token, which represents the Brazilian currency on the Ripple platform.

Rippex will help the Grantcoin Foundation find organizations and businesses in Brazil whose values align with Grantcoin, and other opportunities to spread the word about Grantcoin in this important emerging market. Brazil is the largest economy in South America and the seventh-largest economy in the world by GDP.

"We're excited to build a mutually beneficial relationship with the premier Ripple gateway in South America," said Eric Stetson, Executive Director of the Grantcoin Foundation. "We look forward to providing a GRT/BRL market with Rippex, and working together to raise awareness about Grantcoin among socially and environmentally conscious people and organizations in Brazil."
The Grantcoin Foundation
Member
**
Offline Offline

Activity: 76
Merit: 10


View Profile WWW
May 10, 2015, 06:33:45 PM
 #40

Attention: Miners start your engines! Grantcoin has passed block 50,000. The block reward is now 6.25 GRT per block. It will double every 1,000 blocks until it reaches 400 GRT per block.
Pages: « 1 [2] 3 4 5 6 7 8 9 10 11 12 13 14 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!