jimmybuffet (OP)
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June 18, 2015, 06:55:10 PM |
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Is there a coin out there that 1 person has sole ownership or majority ownership?
I would like them to be the bank for my website.
PM me.
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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canth
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June 18, 2015, 07:02:21 PM |
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Is there a coin out there that 1 person has sole ownership or majority ownership?
I would like them to be the bank for my website.
PM me.
Here's two for you: www.ripplelabs.com - owns over 80% of the coins (Larsen, Britto and Ripple Labs) www.federalreserve.gov (owns 100%! They can print as many as you like and take the coins they've let others use back too) |
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marine4u
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June 18, 2015, 07:02:57 PM |
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Is there a coin out there that 1 person has sole ownership or majority ownership?
I would like them to be the bank for my website.
PM me.
can you give details, what do you have in mind? |
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jimmybuffet (OP)
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June 18, 2015, 07:08:48 PM |
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" www.federalreserve.gov (owns 100%! They can print as many as you like and take the coins they've let others use back too)" I fell off my chair laughing!! Well lets say I owned a online casino and you could only play with my coins which I own them all. So I have a million coins and I value them at $1. So you play on my casino and buy the coins from me and then I buy them back from you. The site gets popular, so now you release coins to an exchange which now drives up the value of your coins and casino. Think it could happen? |
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marine4u
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June 18, 2015, 07:16:58 PM |
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" www.federalreserve.gov (owns 100%! They can print as many as you like and take the coins they've let others use back too)" I fell off my chair laughing!! Well lets say I owned a online casino and you could only play with my coins which I own them all. So I have a million coins and I value them at $1. So you play on my casino and buy the coins from me and then I buy them back from you. The site gets popular, so now you release coins to an exchange which now drives up the value of your coins and casino. Think it could happen? I see, I think you should clone your own altcoin, and use the self hosted Marinex exchange platform until it grows in popularity. |
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Mountain Jew
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June 18, 2015, 07:22:23 PM |
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" www.federalreserve.gov (owns 100%! They can print as many as you like and take the coins they've let others use back too)" I fell off my chair laughing!! Lol, I found it amusing too. Not sure what op is on about though. I'm sure there must be a few devs who launched coins and they ended up being the only people that mined them. |
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spazzdla
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Merit: 1000
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June 18, 2015, 07:43:59 PM |
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I hold around 8% of a specific coin, muhahahahhaa.
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Twipple
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June 18, 2015, 09:18:34 PM |
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You should just create your own altcoin and have it premined 100% and maybe make it so it can't be mined if thats what you need. But it will lack any development work so unless you land in on an exchange , I don't think anyone would prefer playing with that as essentially people would be paying fiat or bitcoin to obtain it to gamble on the site.
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jimmybuffet (OP)
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June 18, 2015, 09:56:47 PM |
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MJ - Well that is who I am looking for someone with a bunch and is still mining them, that way you leave the door open for the coin to take off a bit. Ideally I would like to find someone with a good percentage of litecoins and try and revive that.
Twipple - I want it to be mined that way the coin goes up in value as more people want it and myself and partner still hold a majority.
Any of you know of anyone who is sitting on a bunch of dead coins we could try and revive?
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bitillionaire
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June 18, 2015, 10:00:08 PM |
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Is there a coin out there that 1 person has sole ownership or majority ownership?
I would like them to be the bank for my website.
PM me.
can you give details, what do you have in mind? Surprise surfuckingprise |
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erpbridge
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Merit: 1000
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June 18, 2015, 10:33:56 PM |
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I seriously doubt that even if there is a dead coin out there , it would be under one person's control as it would have been distributed already. Creating your own coin would be the best option.
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Twipple
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June 18, 2015, 10:46:13 PM |
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Twipple - I want it to be mined that way the coin goes up in value as more people want it and myself and partner still hold a majority.
If thats the case then even I would recommend creating an altcoin from scratch. But how do you intend to have people obtain the coins ? |
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EvilDave
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June 18, 2015, 10:46:30 PM |
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I was waiting for MarineCoin to raise its ugly (99% pre-mined and in the hands of the dev) head.  The OP could always use EvilCoin......I've got pretty much 100% of those. Market cap is around the million $ point, so if the OP would like to roll 4,000 BTC my way, he can have the lot. The sane explanation for EvilCoin: I created a vanity asset on Horizon, issued 10 million, set a sell price at 625 HZ/EvilCoin, and voila !
Instant million dollar market cap........it really is that easy.
But don't buy any of it, ffs
If the OP simply needs a token for his casinos internal operations....take a look at the NXT Asset Exchange or Monetary System. This is what they were designed for. (or if you want to be cheap like me, use Horizon, which is an less advanced NXT clone) |
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jimmybuffet (OP)
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June 18, 2015, 10:57:05 PM |
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Thanks a lot EvilDave you opened up my eyes to different avenues that might work. Are your evil coins being mined though?
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monsanto
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Merit: 1005
..like bright metal on a sullen ground.
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June 18, 2015, 11:40:58 PM |
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Is there a coin out there that 1 person has sole ownership or majority ownership?
I would like them to be the bank for my website.
PM me.
I can help you out. Dollarcoin: https://bitcointalk.org/index.php?topic=702098.0 |
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billotronic
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Merit: 1000
Crackpot Idealist
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June 19, 2015, 01:51:52 AM |
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Is there a coin out there that 1 person has sole ownership or majority ownership?
I would like them to be the bank for my website.
PM me.
Here's two for you: www.ripplelabs.com - owns over 80% of the coins (Larsen, Britto and Ripple Labs) www.federalreserve.gov (owns 100%! They can print as many as you like and take the coins they've let others use back too) oh man this was the best response possible... i'm not even going to try to beat this. hats off to you sir. |
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MicroGuy
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Activity: 2506
Merit: 1030
Twitter @realmicroguy
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June 19, 2015, 03:57:36 AM |
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I haven't read the responses to keep this clean, but I think any coin completely controlled by a single person is very unlikely to succeed. Decentralization is the greatest single factor (other than community) when it comes to measuring the strength of a cryptocurrency.
The first Altcoin to surpass Bitcoin in marketcap will do so because it will possess a purer form of this quality.
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TaunSew
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June 19, 2015, 04:29:07 AM |
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Is there a coin out there that 1 person has sole ownership or majority ownership?
I would like them to be the bank for my website.
PM me.
Here's two for you: www.ripplelabs.com - owns over 80% of the coins (Larsen, Britto and Ripple Labs) www.federalreserve.gov (owns 100%! They can print as many as you like and take the coins they've let others use back too) oh man this was the best response possible... i'm not even going to try to beat this. hats off to you sir. "Ripple" (counting everything) owns more than 90%. The Federal Reserve doesn't have that much and would salivate just to own 10% of the US dollar. While yes the Federal Reserve can print, loan out and cause all sorts of destruction - there's limits both internal and externally placed upon them. Not so much the case for Ripple, Chris Larsen is pretty much a Stalinist Führer with complete control over the Ripple protocol. |
There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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tspacepilot
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Activity: 1456
Merit: 1076
I may write code in exchange for bitcoins.
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June 19, 2015, 06:18:20 AM |
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It's a fun idea from the OP, but for it to happen, he's going to have to be mining it himself too (in order to validate deposits and withdrawals. His idea is that people can start to trade it for themselves if his casino becomes popular but to allow that to happen, you have to have enough hashing power to keep others from taking over your blockchain. In the end, it seems like alot of resources to put towards the idea that your casino might get popular. If I were you, I'd focus on getting your casino popular first by taking bitcoin deposits and withdrawals and users play with an internal token (chips!). Then, if you have enought success at that, you can start offering your own coin and at that point you'll have a userbase to experiment with (offer them some discount if they start using your crypto rather than the chips).
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