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Author Topic: ∞ Goodomy ("GOOD") ∞ Social Blockchain for $30 Trillion Consumer Market ∞  (Read 19540 times)
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June 16, 2017, 06:22:00 AM
 #1
















Where to Buy Good

GOOD/BTC
https://www.coinexchange.io/market/GOOD/BTC

GOOD/ETH
https://www.coinexchange.io/market/GOOD/ETH

GOOD/DOGE
https://www.coinexchange.io/market/GOOD/DOGE


Website and Facebook
http://www.goodomy.com
https://www.facebook.com/goodomytoken


GOOD ERC20 Token Contract Code

https://etherscan.io/address/0xae616e72d3d89e847f74e8ace41ca68bbf56af79#code


Total Number of Coins: 888,000,000 verified limit
https://etherscan.io/address/0xae616e72d3d89e847f74e8ace41ca68bbf56af79#readContract


GOOD Block Explorer
https://etherscan.io/address/0xae616e72d3d89e847f74e8ace41ca68bbf56af79



Please note: This is respectful forum. Posts deemed to be disrespectful to other members or the community as a whole will be deleted, as well as irrational conjectures, inflammatory statements, false accusations, posts without content, and other improprieties that can normally be found on Bitcointalk. Continued abuse will be reported to the system moderator.

Securities Disclaimer: The information contained in this website forum is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities in the Company or any related or associated company or entity. Any such offer or solicitation will be made only by means of the Company's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. None of the information or analyses presented are intended to form the basis for any investment decision, and no specific recommendations are intended. Accordingly the information contained in this forum does not constitute investment advice or counsel or solicitation for investment in any security. This information does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. Goodomy and its agents expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.

Goodomy [GOOD] provides a truly revolutionary new type of economic mechanism for 700,000 retail stores in the US and millions more around the world. Launching early 2018!
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June 16, 2017, 06:22:29 AM
 #2

FAQs

You didn't invent the ICO. Come on!

Somebody did. And it just so happens it was me. I conceived of it in March 2014 for the old Karmacoin (through a new entity called Karmashares) and we launched on April 18, 2014.

Here is my post that proposed the idea, and a pre-announcement of the world's first ICO. We also reached out to other coins to spread the news about how effective it had been in such a short period of time.

Although MaidSafe and Mastercoin both held 'crowdsales' before then, they were not ICOs. Crowdfunding is merely a method of fundraising, whereas an ICO raises coins for both capital and as a representation of ownership interest in an enterprise, like a digital stock certificate. We referred to the new model as POC (proof-of-coin, to secure the coin's economy) and IPOCOs (Initial Public Offerings for COins, for subsidiaries or derivatives). In fact, we even had digital certificates to go along with our list of owners http://web.archive.org/web/20140626124054/http://karmashares.com:80/explorer-v01 as well as bonus periods for earlybirds. We also reached out to other coins like ReddCoin and the broader cryptocurrency community to consider the same kind of model.

I have been, however, trying to get people to consider the difference between the two terms, and also been amazed at how effectively a Wikipedia "editor" can continuously delete corrections to make sure that Mastercoin is (inaccurately) referenced as the first ICO despite plenty of evidence.


So why isn't this an ICO?

You'll notice that most legitimate ICOs today do not allow anyone that lives or resides in the US to join in the distribution. What's not being considered is that the people running the ICO should not be US residents or citizens, either. It is likely to constitute an “investment contract” by the SEC per the US Securities Act of 1933 as thus fall into the domain of an unregistered security. It is the reason I shut down Karmashares.

Until the SEC changes their guidance on securities and equity derivatives in favor of ICOs, I won't even think about it (and advise others residing in the US or who are US citizens not to, either).

I've had nearly 4 years to think about the benefits of ICOs and have since then come up with something that I think will be far more effective, the ICR. Our own unique implementation of the ICR should prove tremendously more effective than any ICO could have done. Where an ICO is a one-time event to raise funds, an ICR has no limitations. We'll unveil the 'secret sauce' that will power Goodomy to the top of the charts as we approach our first ICR event.


888,000,000 tokens? That's TOO MANY!

Actually, it isn't enough. When considering how many tokens are had, we must look not only at whole numbers but fractions of tokens. For example, most Bitcoin transactions are not for whole Bitcoins. Someone can use 0.0003 Bitcoin to buy a cup of coffee. So we must look at how many units a token has. Let's look at it this way:

Bitcoin                               2,100,000,000,000,000 units (2.1 quadrillion units, 21M whole)

Goodomy                             888,000,000,000,000 (888 trillion units, 888M whole)

OmiseGO    140,245,398.245,132,780,789,239,631 (140 billion quadrillion units)

QTUM                100,000,000,000,000,000,000,000 (you get the idea)

Although "888 million" might seem like a big number, the Goodomy token has only 6 decimals. (Compared with the usual 18 decimals for most Ethereum tokens of high market cap.) Bitcoin has about 2x more tokens than Goodomy, while OmiseGO has 157 million times more tokens.

Why we'll need every single token will become more obvious when we reach phase 2.


Let me guess. You invented the decentralized autonomous organization (DAO) too, right?

As a concept, a DAO is thousands of years old, I think. (It's just the "invisible hand" of the marketplace, but transformed to work for an individual company.) I modelled Karmashares operations after a unique framework called the "Decentralized Autonomous Organization". Here is a short explanation from April 2014.


Why Ethereum? Is it a good idea? Why not like most other coins?

We are going where the big money is going, as part of our future plans:
https://bitcointalk.org/index.php?topic=1969334.msg19793618#msg19793618

However, we may be moving to the EOS platform when it launches, for various benefits (speed, scalability and, most importantly, free transactions for users). IOTA's tangle (via Peaq) is also an possibility.


No mining? Where do the tokens come from? Who profits?

Goodomy is based on the Ethereum platform as an ERC20 contract, so there is no need for mining to support the health and security of the token.

ERC20 tokens are deployed from the contract itself, either in an automated way or via an agent following a release schedule (in this case, the developer). Any Ethereum received in the exchange goes directly to the Goodomy  contract -visible on the blockchain- and is used as capital to increase the token's utility as well as expand its economy. Although the developer has done pioneering work on ICOs in past, he believes that this method of raising capital on an as-needed basis spread out over many years is far more effective, not only allowing Goodomy  to keep a close eye on costs but also to sustain growth long after similar ICO-backed companies have burned through funds.

Although some companies that raised capital through an ICO sale have become "successful" it is easy to assume that these companies are doing well because of their market capitalization. However, their valuation is based on the value of coins that flow through their network, not the value of the company behind the coin. This network valuation may be confusing for some when considering which currencies to invest (or speculate) in. Some of the most valuable altcoins don't have any real money for growth and, thus, most likely will not be able to expand as rapidly as those who are cash-rich (such as Ethereum, who issued over $1B worth of Ethereum to its foundation before their ICO, in today's value). Goodomy  is more business-wise, seeking to operate just as some of the most successful corporations in the world would, all the while helping people to do good things for each other.

Note: If you are uncomfortable with capital being raised in such a way to grow the GOOD economy and the value of the token itself, please do not speculate.


Who is the Developer?

A Canadian inventor, entrepreneur, founder of multiple successful startups, and project lead for Karmacoin in 2014 (taken over from the developer, who abandoned the coin). Through his leadership, Karmacoin became the first coin to be revived, was among the first coins to successfully switch algorithms, the first to provide detailed project plans and a schedule to the community, the first coin to allow the community to vote on matters, the first to incorporate and run as a business, the first coin to hold an ICO issuing 'sharepoints' for Karmashares and sub-entities (IPOCOs) and inspired other coins to consider the same "proof of coin" model that has evolved into the modern ICO, was one of the very first cryptocurrencies to issue press releases, among the first to apply for a trademark, the first to offer a contact number on its website, the first to schedule a conference call with coin-holders, saw a coin price high of 3,900% more than at the beginning of his leadership, and many others milestones.
 
From our website: "The Canadian founder of Goodomy knows a thing or two about both community and business. An entrepreneur from an early age, he has also worked for some of the biggest companies in the world, including Leo Burnett, Energizer, Thompson, KPMG, Unilever, Proctor & Gamble, and others. At age 20 he was the youngest executive in the history of the largest financial public relations firm in the US, reporting directly to the board of directors of Fortune 100 clients such as EMC and others. During the time he served as a volunteer English teacher for immigrants he was also the sole project manager for the City Colleges of Chicago's 'Year 2000' project where he was responsible for auditing 27,000 PCs, workstations, and servers across 19 locations with a team of 30. Afterwards, he served as a community organizer and leader before moving to Hong Kong and starting several multi-million dollar internet businesses from less than $200 of his own investment capital. He cares deeply about humanity and is committed to bridging the chasm between new technologies and traditional social values."



Goodomy [GOOD] provides a truly revolutionary new type of economic mechanism for 700,000 retail stores in the US and millions more around the world. Launching early 2018!
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June 16, 2017, 06:22:41 AM
 #3

Running List of Innovations and 'Firsts'

Goodomy Innovations

  • REMI (to be announced; early 2018) <-- Liftoff!
  • FITE (to be announced; early 2018) <-- Fuel!

Innovations by the founder of Goodomy, via his leadership with Karmacoin

  • World's first ICO ("proof-of-coin" and "IPOCOs", April 2014)
  • Early pioneer of the Distributed Autonomous Organization (April 2014)
  • first coin to be revived (March 2014)
  • first coin to hire an economist (May 2014)
  • among the first coins to successfully switch algorithms (June 2014)
  • among the first coins to rebrand itself
  • the first to provide detailed project plans
  • the first to provide a schedule to the community
  • first to allow the community to vote on matters
  • first to incorporate and run as a business
  • one of the very first cryptocurrencies to issue press releases
  • among the first to apply for a trademark
  • first to offer a contact number on its website
  • first to schedule a conference call with coin-holders


The Blockchain, and How it Relates to Goodomy

One of the goals of the Goodomy ecosystem is to make our blockchain accessible and easy to use for the average person. This has the benefit of substantially increasing its overall value. It's good that most coin/tokens today don't see the value of this and are so obsessed with technology that they forget the basic rule of business: give people what they want, and find more people to give it to.

I see exponential growth for a blockchain network in these 2 dimensions: scale and magnitude.

With scale, we need more people using our blockchain. Bitcoin is over $10,000 now, but people aren't really using Bitcoin that much. In fact, its accepted in less places today than it was a few years ago. Remember Bitcoin ATMs? Stores and cafes accepting Bitcoin? Yeah.. they're disappearing. But no one is noticing that the ecosystem is not only not growing, but is dying. It is, instead, becoming an instrument for big banks and derivatives. I come across so many cryptocurrency websites that say they are a digital currency but do not actually explain things or show how it works for their market demographic. Why not make it plain and simple so more people can use it? Does it really need to be that complicated? Scale only happens when something is easy to use.

With magnitude, we need the average person to use it more often. This doesn't mean just buying it and holding onto it, but seeing it as an extension of their wallet or purse. This also means that it should be dead-simple to use. The average person does not care about the technology behind it. They only want to know two things: 1) what can they do with it; and 2) who do they know that's using it? Magnitude is a social dimension. People want to use products and services in a way that helps to define their place in society.

When we have both scale and magnitude, exponential growth becomes far more possible. When we leverage blockchain technology to build an environment for organic social experiences while making it easy to participate in those experiences, then we have something truly special. Then people will want to use Goodomy over others because it will be easy to use and have social benefits. The more you use Goodomy, the better your social life will be. (That's why the iPhone became so popular. It was both easy to use and a social experience.)

I had some experience working at a very large ad company for some of the largest consumer companies in the world. Our group handled Marlboro, Kellogg's, Proctor and Gamble, and a few others. I say this to tell you that NOT A SINGLE COIN is giving the general public what they really want. This isn't rocket science. How many thousands of years old is barter and trade? How old is money? The cryptocurrency space should have this figured out by now.

Also, the biggest issue with trying to make blockchains decentralized is that it's hard to counter the human need for authority. We naturally want to control things, I think, and this is happening to cryptocurrencies.

A truly decentralized blockchain would not have a high barrier to entry, such as being able to purchase expensive mining equipment (PoW) or holding lots of coins (PoS). The only good barriers to entry are the lowest ones possible, such as the ability to participate in social experiences. The more people that are able to do something the more decentralized it will be. When we choose common abilities like "the ability to walk" for example then almost anyone and everyone can be an equal authority. For Bitcoin, it's the ability to purchase expensive computers and wait a year or more to receive them, learn how it works, etc. This isn't what "decentralization" is but what elitism is.

A truly decentralized blockchain would also need to be democratic, and that can't happen when transactions aren't FREE. If you need to pay in order to use the system then you're only drifting up to elitism. Authorities still need to be there, but only to make sure that the right incentives are in place for self-organization, not to tell participants how it should be organized (as in the case of coin or token "foundations", core developers, etc).

The future is in free platforms, not ones where you have to pay for every transaction. We'll start this by having most transactions on our own network, then sidechain, then transitioning to one of the free platforms being developed now. We'll talk more about this in a year or so.

Goodomy [GOOD] provides a truly revolutionary new type of economic mechanism for 700,000 retail stores in the US and millions more around the world. Launching early 2018!
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June 16, 2017, 06:23:15 AM
 #4

So what's going to happen with the old karma?

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June 16, 2017, 07:23:12 AM
 #5

So what's going to happen with the old karma?

That depends on the efforts of the original community, actually. Also, the current moderator of the thread (and former team member) would need to make changes, organize resources, and move things forward.

I have posted a more in-depth reply at https://bitcointalk.org/index.php?topic=579973.msg19590981#msg19590981

Please let us know if you have any questions or concerns. And thanks for visiting!

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June 16, 2017, 10:10:34 AM
 #6

 Grin will be the new good plan

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June 16, 2017, 10:44:49 AM
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is there any bounty for this coin ?

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June 16, 2017, 12:34:17 PM
 #8

I'm not much into the original Karma coin, but I have a simple question: Why is there a need for a new Karma token and how is it *significantly* different from the older one?

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June 16, 2017, 12:52:30 PM
 #9

sad to see that the previous attempt of making karma to be known was unsuccessful now its needed to be rename or re-brand what about those karmatoken what will happen did you settle those coins or it will be forgotten since another dev is working on it?

Hi. Karma classic is still on-going, as noted in the second sentence in the first post of this thread.

The fundamental problems with Karma are 2-fold: too many coins, and too many bad coins (coins that we stolen from exchanges, and also ones that the original developer mined unfairly at the beginning). There are other important barriers, as anyone who has been following the thread can attest, but we won't get into that here.

This is a place for good karma Smiley

The KarmaToken was a side project by a former team member. It allowed the exchange of both good and bad coins (of which I estimated the majority of coins swapped for the token we stolen from one or more now-defunct exchanges). I believe that is also still on-going, though there isn't much activity in the thread.

Hope this answers your questions. Thanks for giving me the opportunity to clarify some of that.

Goodomy [GOOD] provides a truly revolutionary new type of economic mechanism for 700,000 retail stores in the US and millions more around the world. Launching early 2018!
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June 16, 2017, 12:55:38 PM
 #10

I'm not much into the original Karma coin, but I have a simple question: Why is there a need for a new Karma token and how is it *significantly* different from the older one?

As noted above, the token was a project by a former member of the team. Most of the coins used in the swap, it seems, were stolen from one or more exchanges. (Our main exchange was MintPal, followed by Cryptsy. Both wallets are now in questionable hands. About 30 billion coins, or nearly half of the old Karma's value)

But more importantly, the purpose, direction, focus, and leadership of the two are very different.

Goodomy [GOOD] provides a truly revolutionary new type of economic mechanism for 700,000 retail stores in the US and millions more around the world. Launching early 2018!
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June 16, 2017, 01:08:46 PM
 #11

is there any bounty for this coin ?

I'm not sure about that but let's see after it's released. What did you have in mind?

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June 16, 2017, 01:24:34 PM
 #12

Is this karma Token KTN?  http://coinmarketcap.com/assets/karmatoken/
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June 16, 2017, 01:29:13 PM
 #13


I believe so, though don't know much about KTN since I didn't have anything to do with it.

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June 17, 2017, 05:39:23 AM
 #14

I am happy to report that the code is now finished, compiled, and deployed. It is open source and will be viewable by anyone on the Etherscan website.

Next stop.. exchanges!

I'm also working on the website and instructions on how to use the wallet

Then, I'll update the OP with some additional info, links, etc.

Then, I will draw up a more complete road map.



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June 17, 2017, 07:26:34 AM
 #15

How about the karmacoin in market alcurex and yobit? Whether in swap for new karma


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●  Whitepaper
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June 17, 2017, 07:31:23 AM
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If you need Chinese translation, reserve
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June 17, 2017, 07:45:36 AM
 #17

How about the karmacoin in market alcurex and yobit? Whether in swap for new karma

Hi. The Karma classic (X11 algorithm) community is working on an updated wallet, whereby you should be able to swap. But you'll have to follow that thread in order to see about progress.

This is a 'fork' of Karma with a different blockchain (Ethereum), not directly related to Karma classic.

Please let me know if you have any other questions. - Thanks

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June 17, 2017, 08:44:29 AM
 #18

A look back on history...

Seeing the mtgox price at $2.75 has got me depressed, wishing I'd bought coins back in December.

But it has me thinking - what is the average cost, today, to create a bitcoin? I know it can't be anywhere near $2.75.

We'll see what we can do to match Bitcoin's phenomenal growth  Cheesy

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June 17, 2017, 09:16:31 AM
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As for old karma dev wanted to fair distribution I think. That's why he sent me 500000 karmas. Then I went to social media asked people to give me karma wallet address for giveaway but nobody bothered taking them. Back then nobody cared to getting free karmas. This time we will succeed I think.  Cool

Edit: What's the difference between coin and token?
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June 17, 2017, 10:14:22 AM
 #20

Airdrop?
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