EDIT: The signature campaign thread is now live:
https://bitcointalk.org/index.php?topic=1521348.0EDIT: Follow the link to the YuTü.Ço.in thread:
https://bitcointalk.org/index.php?topic=1489378.0First, apologies for this being a self-moderated thread (my first). If by happenstance you have issues with its creator - ME - then simply start a new thread expressing your concerns. I'm known to be fair and won't delete posts willy-nilly as long as they are at least quasi-on-topic. Character assassinations won't be tolerated unless it's I doing them to myself.
ÇoinProŁite (ÇPŁ) has been mentioned before on this forum by
yours truly, albeit some ideations expressed then (
Strange alt of the week - scroll down) have since been revised, now using this account (and thread) to officially move forward with it and the overall endeavor (forthcoming soon).
Feel free to question and discuss all things concerning ÇoinProŁite over and beyond the following.
Gist:ÇoinProŁite coinage (ÇPŁ) are centrally (purposed) mined at a fixed rate with its blocks mintage first transactions obtainable via Proof-of-Burn (PoB) of still viable altcoins, recorded on ÇoinProŁite's public blockchain ledger maintained by independent nodes.
Metrics (gleaned verbatim - barring <redacted> or <annotations> - from the forthcoming official website): - Token-cum-Ticker Symbol: ÇPŁ
- Ecce Signum: Ç (superscript Ç denoting ÇPŁ): 42Ç; 314Ç; 1337Ç (1,337Ç)
- Algorithm: Primarily a Proof-of-Burn (PoB; PoBurn) protocol
- Port(s): TBA (if applicable)
- # Premine or Instamine Schedule: Ø (exempting Genesis Block if applicable) <see Notes>
- Validation Schedule: 1 Block exactly every 60 seconds (1 Minute)
- Block Reward: 256Ç
- Halving Schedule: N/A [or TBD <not to negate the next bullet point>]
- Maximum ÇPŁ: 2,825,625,600Ç (256Ç x 60[m] x 24[h] x 365[d] x 21[y])
- Minimum Exchange Rate: U$.01 (1 U$ ¢ent) when used to purchase <redacted> (YTÇ) or other <different proper noun redacted> wares
- # Decimal Places: 8 (or TBD)
- Proof-of-Burn (PoB; PoBurn) Premium: 36% (awarded immediately) <see Notes>
- Burn Ratio (swap): 1:2 (i.e., exchanged value for value, every 128 burned sçhitçoins = 256Ç)
- Development Retention Pool per Generated Block: 21.875%, or 56Ç (R&D; legal; bounties; marketing; promos; etc.)
- Difficulty Retarget: N/A
- Transaction Confirmation Time: Virtually instant
- Tx Fee(s): Ø (or TBD <considerations for independent nodes may be in order>)
- Pools: N/A
- Exchanges: TBA
Notes:In re.
# Premine or Instamine Schedule:, Ø may be considered a misnomer depending on how ÇoinProŁite will be developed. Rest assured that whatever processing model is used, distribution of ÇPŁ
WILL BE 100% fair AND 100% transparent.
In re.
36% (awarded immediately), using the virtual sçhitçoin RateCoin (XRA) as an example, the calculations are as follows:
- 1 ÇPŁ = U$.01 (minimum) for purchases on <redacted> platform(s), echoing Minimum Exchange Rate: (Metrics: above).
- RateCoin (XRA) currently trades at U$.000273 per.
- [~]4,688 XRA = U$1.28.
- 4,688 XRA (rounded to favor trader) are swapped for 1 Block of 256 ÇPŁ (256Ç).
- 56 ÇPŁ (56Ç) are retained for R&D et al.
- [~]4,688 XRA-cum-U$1.28 is effectively swapped for 200 ÇPŁ (256Ç)-cum-U$2.00, recognizing a U$.72 or 36% increase in holdings.
Predicated on feedback, the entire ÇoinProŁite metrics outlined may be revamped in lieu of a more favorable model.
Developer Compen$ation:[Minimum] 28
Ç (28 ÇPŁ) per block, with a minimum base salary of U$150K/yr actual fiat or equivalent (dependent upon your preference) if opting to stay on board developing et al. all of
<redacted> alt coinage. If the latter, you'll have the option of remaining anonymous to the general public, but not to the IRS (US) for obvious reasoning. The quicker to fruition, the quicker the sought-after developer would be able to liquidate his or her's holdings or start earning a regular conventional prevailing salary.
Further notes:Personally, I won't ever be taking a salary from any entity consisting of the overall endeavor, albeit all my immediate minimal needs shall be satisfied, whereupon the affixed dollars worth of expenditures will be assessed accordingly on my personal IRS filings. To be clear, my minimal needs DO NOT consist of owning some fancy GAWmobile, blow, or a troupe of transvestites entertaining myself while occupying a U$60K bed on a bidiurnal basis (read: no bed regardless its worth on Ø basis). More about my compensation package at the revealing of the
GAWdiose project, all 100% disclosed - available for review - down to a new pair of shoelaces if such a purchase is warranted.
The raison d’être for ÇoinProŁite’s nascency is to canvass support for
<redacted> by re-positioning crypto-coiners’ devalorized premined assets to ÇPŁ, effectively launching a ready-made, patron-backed infrastructure, resulting in preparatory exposure and expanded mindshare initiating YTÇ awareness. That, and to garner initiatory support for developers et al., principally sourced from ardent cryptocurrency enthusiasts, in essence, waivering an accustomed IPO/ICO proceeding.
To date, I've procured over two dozen domain names affiliated with this endeavor, with close to that many need-be purchased to deter scatters et al. The first major expenses will be incorporating in the state of Tennessee (sound reasoning behind not incorporating in Delaware or the like), along with setting up shop there (
Nashville metropolitan area), I currently residing in Illinois. All assets, including present and future domain names, will be in the incorporation's name, with all our books open for peer review by certified personnel. Quasi-pun intended as to why its
sound reasoning to be based in/near Nashville, TN, not necessarily having anything to do directly with the
country music scene.
I look forward to your feedback.
Please contact me via PM through either the ÇPŁ or
https://bitcointalk.org/index.php?action=profile user accounts if you're interested in participating in this endeavor in bringing your skill sets to the table. The project in mind is vast, needing an eventual full-time team of qualified personnel to maintain the endeavor(s).
If you reside in the Nashville, TN, area, I especially look forward to hearing from you if this venture sparks an interest in you.
Bruno (yes, that Bruno)