Hi all, apologies for the quiet period, been away for a while.
PremineYes 1 million coins, these are guaranteed to be held as capital (think its for 10 years) in secure cold storage like the original Bitcoin.
A further 1.1 million coins are premined for IPO/ICO, giveaway, faucet and for commercial/business investment.
A current consideration is also being given to a further premine for global airdrop - more details on that will be provided as and when confirmed including full details of destinations.
ExchangesTo ensure that all anti-fraud and anti-terrorism legislation is adhered to, it will be the responsibility of all exchanges listing XBTC21 to verify users before allowing people to buy and sell. I accept no responsibility for any exchange that does not comply or self-regulate for the purposes of national or international public protection.
Consideration is also possible to open an exchange, or if enough IPO/ICO is raised to perhaps get Cryptsy back on its feet if they persist to have problems. The original Bitcoin and Litecoin which have been much the problem of theft means their future as investment vehicles is somewhat tainted, so this is an ideal time to look for a POW/POS replacement of the same original specifications.
Mining & UseBy mining XBTC21 you understand that the coins are to be used for positive human endeavour, to help others, and at no time to be used as a weapon or used to cause physical, financial or other damage to persons or property nationally or internationally.
Future Regulation
It is likely that governments in the future will introduce legislation to allow police to do stop and searches, or indeed home searches to establish the quantities of digital currencies that people own. Centralised finance allows the tracking of money so that for example companies cannot avoid laundering money or not paying taxes, if decentralised finance is to work there still needs to be a level of centralisation and accountability which is why ultimately having a high street featuring crypto banks for example is an exciting prospect.
Whilst there is a battle between extreme dangers at one end of the human spectrum and extreme control (and war) by the other end of the spectrum, there are 6.9 billion people around the world caught up in conflict against their will, somehow there needs to be a way in which people can go about their lives free from being exposed to conflict, less than 1% of the world is military, the remaining 99% are civilians (at a guess). If this means centralised registration and transaction monitoring at some level independent of the current banking regime and government then that may be a good thing.
Information & IdeasPlease present any information and ideas you have. There are no guarantees that this coin will be of future value, it is experimental, and it will be both self regulated, regulated by exchanges (for their own safety should they list it) and also regulated by any government or international future regulations.
Any questions please ask, I will update again soon.
Thanks for reading.
