MobileCash, First PoCh coin (Proof of Charity)

[btvGainer]

Accusing from the beggining that it WILL be a shitty , p&d scamcoin is wrong. JK siad its gonna be something like a "ripple project" , so saying that it could make sense why such a big amount of premined coins. Lets just wait and see how the project develops.

Agree.We can't accuse anyone on the basis of assumption.Give op a fair chance to clearify any question that you may have instead of rejecting it outright as scam

[xhoneyael]

- 1052101444 MBL premine (support for Ripple-like business model)

Quality is better than Quantity
10.5 BTC @ 1 satoshi   

[jk_14]

The Ripple also had lots of STR at their start, check in their website, when is estimated the next update?

Accusing from the beggining that it WILL be a shitty , p&d scamcoin is wrong. JK siad its gonna be something like a "ripple project" , so saying that it could make sense why such a big amount of premined coins. Lets just wait and see how the project develops.

yeah cause scammers avoid IPO, ICO, and PoS, they usually start with merge mined coins with no way to cheat...those crafty scammers.
JK is an upstanding member of the community, and his nvidia mining linux distro kopieumtu is used by many of us in the community. He made it available to the community free of charge, no scam, and helped many of us not familiar with linux mine with our 750ti cards. If anything he raised the difficulty on coins he was mining himself like vertcoin, it would have been to his benefit to keep kopieumtu to himself and not release it to the community.  He got nothing out of it, so kind of hard to see how he'd create a merge mined coin to scam the community he has already contributed so much to...
Seriously think a lot of posts in the alt forums are just from scammers pumping their scam shitcoin and trashing legit alts.  

Agree.We can't accuse anyone on the basis of assumption.Give op a fair chance to clearify any question that you may have instead of rejecting it outright as scam

Thank you.

I want to start a business part on top of the coin till the end of this year - such arrangements are always time consuming,
and not always predictable (when many people from classic business has really different connotations regarding cryptocurrencies).
I will honestly inform you if any serious problem will appear at business side.

For that reason, I rather recommend to merge-mine first (what is almost costless during Vertcoin mining) than to buy
(until some good news will appear )

[patronis]

palnning to put it on any exchanges on launch date?

[smith coins]

jk_14, how much will cost 1 Mobile cash at the first day of launching? 4 days left and still no info

[jk_14]

jk_14, how much will cost 1 Mobile cash at the first day of launching? 4 days left and still no info

because I have no such information

and because many years ago I was successfully "infected" by Austrian School of Economic
- I belive every thing is worth exactly that, what someone wants to pay for it.

Let's wait for first market, where miners will offer their mined MBL and will cooperate with eventual buyers for finding some price consensus...

[jk_14]

palnning to put it on any exchanges on launch date?

yes - shortly after, I hope

[patronis]

Did a little backround check on you and found some solid evidence that you are the real deal in the crypto community , so saying that i think if you desided to launch a coin with such a big premine then you have to have a purpose and maybe you have a good idea or "killer app" to push it to the next level. I cant wait to see the whole picture of your buisness plan, hope to see it in the near future , because i would like to invest, but just not now.
If you take it to an exchange on launch day i wonder what the price will be My buy range is 5-10sat max. But some will say its still to much.

[jwinterm]

Did a little backround check on you and found some solid evidence that you are the real deal in the crypto community , so saying that i think if you desided to launch a coin with such a big premine then you have to have a purpose and maybe you have a good idea or "killer app" to push it to the next level. I cant wait to see the whole picture of your buisness plan, hope to see it in the near future , because i would like to invest, but just not now.
If you take it to an exchange on launch day i wonder what the price will be My buy range is 5-10sat max. But some will say its still to much.

Even 5 sat seems pretty unlikely. There are 100B doge in existence at a price of ~50 sat, so even 5 sat would give this guy's premine a value of ~$1.2M (since market cap of doge is ~$12M). I guess it's possible, but I doubt it.

[jk_14]

Even 5 sat seems pretty unlikely. There are 100B doge in existence at a price of ~50 sat, so even 5 sat would give this guy's premine a value of ~$1.2M (since market cap of doge is ~$12M). I guess it's possible, but I doubt it.

versus

Quality is better than Quantity
10.5 BTC @ 1 satoshi  

1sat = 10.5 btc
5sat = 52.5 btc

one btc is not 22850 $ yet (unfortunately... )

P.S.  if I was mischievous, I would say you and patronis - are trying to buy it cheap...
(just kidding)

[jwinterm]

Even 5 sat seems pretty unlikely. There are 100B doge in existence at a price of ~50 sat, so even 5 sat would give this guy's premine a value of ~$1.2M (since market cap of doge is ~$12M). I guess it's possible, but I doubt it.

versus

Quality is better than Quantity
10.5 BTC @ 1 satoshi  

1sat = 10.5 btc
5sat = 52.5 btc

one btc is not 22850 $ yet (unfortunately... )

P.S.  if I was mischievous, I would say you and patronis - are trying to buy it cheap...
(just kidding)

Sorry, I thought the premine was 100B, not 1B. I still wouldn't buy a single coin at 1 sat.

[jk_14]

one btc is not 22850 $ yet (unfortunately... )

P.S.  if I was mischievous, I would say you and patronis - are trying to buy it cheap...
(just kidding)

Sorry, I thought the premine was 100B, not 1B. I still wouldn't buy a single coin at 1 sat.

and me - every amount
(I'm answering mainly for having your post preserved, for eventual future use )

[hashbrown9000]

jk, can you detail your distribution method for the premine?

[jk_14]

jk, can you detail your distribution method for the premine?

There is more than one option here.

The same way I have recommended to merge-mine than to buy, until some significant news will appear
- I recommend to assume the worst case scenario (at least from exchange rate point of view):
 i.e. air-drop or similar, like Auroracoin - but with global scope.
https://bitcointalk.org/index.php?topic=1182734.msg12455052#msg12455052


I will do my best to execute a better option from that point of view,
but I need some paper agreement with some entity (-ies) here - to be more confident.

In meantime, company created for MobileCash purpose will deposit 21 x 50M MBL in paper wallets
in safe deposit boxes in two different classic banks, in two different locations, with two different physical keys needed for opening.

Until that paper agreement signing - I do understand your questions, but I can't describe more.
Because we all perfectly know from the bitcoin case, that:

First wins the whole pot.

[wildduck]

This could be interesting i will keep my eye

[silencesilence]

- 1052101444 MBL premine

My law in crypto!
Don't mined and buy coins with premine!

[jk_14]

His premine will take 95 years before the coins emitted through PoW match the premine. He will control more than 90% of coin supply for more than 10 years. Yea, it's nice that he refitted PiMP or BAMT to work with nvidia cards, but why does that make the premise of this coin any less shitty. He promised on reddit some killer feature and that he will distribute his enormous premine, but he gave no indication of what said feature is, and why make a premine just to distribute if you're making a PoW merge-mineable coin? Why not just let the PoW be the distribution? Why trust a single person with practically all the coins that will be in existence for decades, and approximately half the coins that will exist in 100 years? Seems like a scam, or an incredibly stupid design decision if you want to give him the benefit of the doubt.

That is very nice to have currency, what will lose only 50% of value in 95 years - compare with dollar last 100 years history.
It's very nice to have the cryptocurrency, what is mature almost from the beginning.

Second, completely separate matter is - if you should trust me or not.

[jk_14]

Solo merge-mining info available:

https://litecointalk.org/index.php?topic=16800.msg285593#msg285593

[jk_14]

Solo merge-mining info available:

https://litecointalk.org/index.php?topic=16800.msg285593#msg285593

a bit updated procedure:
https://litecointalk.org/index.php?topic=16800.msg285593#msg285593

[prodigy8]

I am excited to see what will happen after 6 hours.
Is there any giveaway like the darktronotoken (DTT) ?
If so i would like to participate, also what is the price of 1 coin? any exchange to trade?