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Author Topic: Goodomy [GOOD] - Launching May 24, 2018 // From the creator of the first ICO  (Read 22689 times)
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kosmost
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October 29, 2017, 02:43:58 PM
 #261

Hi Kosmost !

been a while buddy. Expecting the frequent roll outof updates this coming month. One thing I am excited about is we are already on a nice exchange, With good news and development volume and price will definitly soar.

Alot of erc20 airdrops have been flying around, I dont know if this might be considered, atleast for awareness when the mvp is ready.



There will be a different kind of 'airdrop'.. but to the general public, not the world of crypto. Getting the token into everyday hands is what can make GOOD increase substantially in value and worth.

Goodomy [GOOD] – P2P Currency
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November 01, 2017, 05:40:51 AM
Last edit: November 02, 2017, 08:09:50 AM by kosmost
 #262

Greetings, all.

Over the next few weeks and into 2018 and beyond we will be seeing the growth of the Goodomy ecosystem via the token (GOOD) and the services (Shopomy).

Some may wonder why we there are two names. Allow me to explain a bit.

There will only be one cryptocurrency, Goodomy. Goodomy will serve as a platform for other services to operate on, starting with Shopomy. There may be other services beyond this, but Shopomy is more than enough to start with.

:GOOD = Ethereum token and platform for the Good economy (the 'goodomy'). Or, you can think of it like an operating system.

:Shopomy = consumer side of the equation. Or, you can think of it like an application that runs on the operating system. From the name itself, people can know immediately what it's about.

What is Shopomy about? Good question...

Shopomy is a way for consumers to buy stuff. Although on these pages and in the OP I've positioned Shopomy as a kind of consumer rewards program, it's probably not what you'd expect. In fact, I'm keeping certain core features secret until those features are released to the public.

Here's how we'll get things done around here.

  • The majority of the work is being delegated to outside developers. Very few tasks will be here posted for volunteers.
  • There will be no bounties. (The first Bitcoin transaction was to buy a pizza for 10,000 BTC. End of story.)
  • I will cover some of the development and business costs, but I will also be asking the community to help cover them also via Community Distributed Invoices. These invoices will be issued publicly. Feel free to help out where you can. Partial payment (or full) is appreciated! Minimum of $1 via PayPal. Once invoices are paid they will be converted into tasks.
  • For now, I will do my best to keep invoices to things that have a tangible result. I wouldn't feel right issuing an invoice for $5,000 for "development work" unless there was already something to show for it. For most of those things I will issue invoices after the work has been performed and there is something that can be seen and used.
  • Although the Goodomy account on Ethereum holds tokens that can pay for expenses indirectly, this facility will not be used until GOOD substantially increases in value. Otherwise, most of the tokens will just be wasted. Again, I don't want to buy a $60 $70 million pizza with GOOD. I'm sure that guy wishes he had kept his Bitcoins!

As I mentioned before, Goodomy will be run like a business. Most cryptos are run like democracies where everyone has equal say. That doesn't work, unfortunately. Thinking of coins like a business helped me to come up with the idea for the first ICO. If you want to make money, think business. Democracies trying to increase economic value doesn't actually work to get things done in a meaningful way. That being said, most plans will be non-public. Like Microsoft or Google, the public can buy shares in those companies but they aren't privvy to what's going on behind closed doors, nor should they expect to know. Goodomy will maintain a competitive advantage this way. If you would prefer a more democratic way of doing things Goodomy isn't for you. There are tons of other tokens out there who are more than willing to give away their secrets and their code to everyone.

All input is considered and suggestions are appreciated. That being said, please do not expect Goodomy to follow other coins or tokens with whiz-bang features or whatever. Although we will innovate and make strides to lead in the industry we will also do what is proven to work in business as a whole.

One more important thing to note... Our focus will be consumers, not crypto. Our market will be regular consumers and SMEs so that's where our focus will be. We will not waste time trying to please the crypto community. We will devote most of our time to giving consumers what they need and want, which will please the crypto community automatically as the value of GOOD increases. That's where the crypto goldmine actually is, but few cryptos really understand.

Thanks for joining the ride!

Goodomy [GOOD] – P2P Currency
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November 01, 2017, 06:54:02 AM
Last edit: November 01, 2017, 07:08:58 AM by kosmost
 #263

I've created the first distributed invoice in the new system that Goodomy will use for tasks and time tracking for developers. When there is a new invoice the status of all recent invoices will be noted as follows:



Essential

1)
2)
3)

Non-essential

1) For "Shopomy" logo design contest at 99designs [help with $1.00-$299] *NEW*



1)
2)
3)
----
Feel free to help out with anything from $1.00 to the full invoice amount. Anything would be appreciated!

Goodomy [GOOD] – P2P Currency
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November 01, 2017, 07:39:21 AM
Last edit: November 01, 2017, 02:15:40 PM by kosmost
 #264

We're just getting started on Goodomy's innovations and market leadership in crypto. The best is yet to come! I've spent the last few months working on what I think is a truly amazing business and economic model for Goodomy (and also working on the patent for it). I'm truly excited to get this released in the coming months.

"We're making history, boys." Here's a running list of innovations and 'firsts'. We've got some great things in store on the Goodomy side. You will see 'kosmost unchained'.

Goodomy Innovations


Innovations by the founder of Goodomy, via Karmacoin*

  • World's first ICO ("proof-of-coin" and "IPOCOs", April 2014)
  • first coin to be revived (March 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 hold a conference call with coin-holders

*Most of this was back when there were only about 100-200 coins around, not the 1,000-2,000 coins and tokens there are today. I personally checked each at least once (at the time) to see what they were up to, so the list is quite accurate.

Goodomy [GOOD] – P2P Currency
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November 01, 2017, 10:19:46 PM
 #265

Gonna have some more time tomorrow to go through it more thoroughly, but that already sounds pretty cool and reasoned at first glance.
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November 01, 2017, 11:42:34 PM
 #266

I was impressed when knew about this project! It seems to be very successful and wish you good luck!
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November 02, 2017, 03:39:06 AM
 #267

Really nice update. Great project. Good luck.
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November 04, 2017, 03:22:49 PM
 #268

Thanks, everyone. Lots of great things in store!

Goodomy [GOOD] – P2P Currency
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November 09, 2017, 03:08:42 AM
 #269

For those curious what's going on with Ethereum lately (regarding the recent bug) the answer is ... nothing.

The bug has to do with Parity multi-sig wallets created after July 20, 2017. More info here.

If you have Parity installed, you probably haven't created a "multi-sig" wallet. In fact, I'm using Parity now and have never actually created a wallet. I have only "accounts" from which I can send/receive ETH and tokens. Multi-sig wallets are primarily used by those who want more than 1 person to be able to access and use funds securely.

There is a "victims list" of wallets that are affected, in case you're curious.

Ethereum itself is not affected.

Some fun facts about Ethereum today:

  • Ethereum has processed 50% more transactions than BTC in the past 24 hours
  • Ethereum currently has 17 pending transactions (Bitcoin has 45,000)
  • You need only $0.006 to move $10 worth of Ether (the same transaction will cost about $1.50-$2.00 with Bitcoin)
  • It would take about 5-20 seconds to transfer Ether. Bitcoin transactions take anywhere from 10 minutes to about 24 hours

Yes, Bitcoin has made significant gains over the past few weeks and a lot of people are excited for that. However, in the past 12 months to today, Ethereum has gained 3,100% whereas Bitcoin has gained 1,046%

(Actually, it was just announced that Bitcoin's planned fork isn't going to happen. The BTC price might fall a bit within the next few days.)

I'm very excited for what's in store for Goodomy over the coming months. It might actually be revolutionary (from a cryptocurrency industry perspective).

Goodomy [GOOD] – P2P Currency
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November 09, 2017, 03:19:15 AM
 #270

I just tried sending $30 worth of Bitcoin.

Fees: $4.00 (!)

Goodomy [GOOD] – P2P Currency
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November 14, 2017, 01:55:03 PM
Last edit: November 21, 2017, 11:38:16 AM by kosmost
 #271

Project Update

We're on schedule to have the first beta for the app ready at the end of the month (+2 weeks)

Keep in mind that this is "developer time" so I always double the ETA for good measure.

First phase <-we are here
Basic functionality (splash, login, view, list, post, settings), UI, testing [Android only]

Second phase +8-12 weeks
Extended functionality: (marketplace)
Android + iOS

Third phase +4-6 weeks
Bells and whistles (GPS and other functionality), added security

In phase 2, you'll see the "magic" that could allow each GOOD to increase to $0.75-1.00 or more in value.

In my opinion, it is 3x better than any ICO, can raise far more funds for development, and is a perpetual value machine. People will wonder why they didn't think of it first Wink

More to come...

Goodomy [GOOD] – P2P Currency
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November 21, 2017, 09:01:34 PM
 #272

Project Update

We're on schedule to have the first beta for the app ready at the end of the month (+2 weeks)

Keep in mind that this is "developer time" so I always double the ETA for good measure.

First phase <-we are here
Basic functionality (splash, login, view, list, post, settings), UI, testing [Android only]

Second phase +8-12 weeks
Extended functionality: (marketplace)
Android + iOS

Third phase +4-6 weeks
Bells and whistles (GPS and other functionality), added security

In phase 2, you'll see the "magic" that could allow each GOOD to increase to $0.75-1.00 or more in value.

In my opinion, it is 3x better than any ICO, can raise far more funds for development, and is a perpetual value machine. People will wonder why they didn't think of it first Wink

More to come...


Thanks for the update. Are we planning any sort of press release to bring awareness in the crypto world about Good coin?
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November 22, 2017, 05:57:55 AM
 #273

Thanks for the update. Are we planning any sort of press release to bring awareness in the crypto world about Good coin?

Press releases aren't cost-effective, I think. Aside from that the focus will be serving consumer needs rather than the  crypto community. Everyday people and businesses will be what drives value for GOOD and its economy, and that should be reflected in the value of the token on the exchanges.

Goodomy [GOOD] – P2P Currency
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November 24, 2017, 05:17:40 AM
 #274

Hi! Global loyal program - very interesting project. But as for me, blockchain technology is not very crucial to this idea, and you do not want to promote the project through crypto-community, so why have you decided to embody your idea through cryptocurrency?
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November 24, 2017, 11:53:24 AM
 #275

Hi! Global loyal program - very interesting project. But as for me, blockchain technology is not very crucial to this idea, and you do not want to promote the project through crypto-community, so why have you decided to embody your idea through cryptocurrency?
It is essential for this project to use cryptocurrency, as will be seen. It is not a loyalty program in the usual sense, but something different.

The primary focus will be consumers. The consumer market is billions of people. It doesn't mean that other types of users will be ignored. We're just going after and focusing on the largest slice of the pie. Smiley

Goodomy [GOOD] – P2P Currency
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November 25, 2017, 05:26:53 AM
 #276

Regarding the GOOD approach to cryptocurrency, a currency must be used in order to become useful. The more it is used the more value it has.

There are many crypto coins and tokens on the market that have no inherent value. They are generally marketed to other crypto enthusiasts on these and similar forums in order to raise the price. At least fiat is based on faith in the government that issues it. When it comes to digital currency, the crypto "governments" are mostly anonymous. Then the crypto community doesn't need to have faith in me or whoever is running GOOD. They only need to have faith in actual numbers that can be verified (and clear evidence) when we show that everyday people are actually using it for transactions.

So how is GOOD different that most others?

Simply put, we seek to be an actual currency that everyone can use rather than just a small population. The largest crypto, Bitcoin, is worth billions yet when was the last time someone went out and used it?

As crypto billionaire Roger Ver states, "Bitcoin needs to be used in commerce in order for it to be store of value. It has to be both of these things or neither."

Who really uses Bitcoin in commercial or retail transactions? Very few, considering how much of an opportunity it has had to evolve over the  years.

With GOOD we need to set our sights on the biggest opportunity in crypto; the consumer market. I'm not doing this for anything less.

But it doesn't mean that GOOD will just be a digital currency that you store in an e-wallet. That has been done before, and it probably won't work to do it that way.

We are doing something different with GOOD. And it may very well change how people think of cryptocurrencies.

Goodomy [GOOD] – P2P Currency
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November 25, 2017, 05:40:48 AM
Last edit: November 25, 2017, 05:58:30 AM by kosmost
 #277

And let's not forget, the original purpose of Bitcoin was a digital currency.

However, the fact that Bitcoin has increased in value so significantly over the past several years means that most of the crypto world has forgotten its original purpose: to be used as a means of exchange (for goods and services). That is evidenced in the fact that if you want to purchase a newpaper or coffee, you may actually end up paying more in fees than the item itself costs. And you may also not have your transaction verified until up to 2 days later.

After the banks and insurance companies took over Bitcoin core, it ceased being built for its original purpose.

To put it another way:

Bitcoin and most altcoins: primarily as a store of value (e.g., "I might be able to make a 4,000% return if I buy DDY now and hodl") For me, this is just a way of holding "cash" that is difficult to spend and use.

GOOD and a few others: primarily as a means of exchange (e.g., "You can use this to buy that")

What people forget it that the more a coin/token is used in commercial transactions the more value it will have. So a coin that is used as a means of exchange will increase in value, perhaps more than the one used as mostly a store of value.

To put it yet another way:

Store of value: focus on the crypto community, pumps, scams, bag hodlers, and generally lots of drama. Consumers are usually forgotten about.

Means of exchange: focus on consumers. The crypto world comes after.

The idea with GOOD is to put it into as many hands of everyday consumers as possible. This is a multi-billion dollar opportunity, not just 8 or 9 figures in equivalent value.

Goodomy [GOOD] – P2P Currency
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November 25, 2017, 06:09:12 AM
 #278

In case it's not obviously now, the "green" angle of GOOD is not entirely accurate. We will be going after the ENTIRE consumer market, not just a small segment of it. This has been good enough for the past few months as we work on the concept and execution, but as we approach beta release it will be a bit more obvious that it isn't just something for 'green' products and services, but for anything and everything that can be bought.

The Goodomy website would therefore read more like this:

Goodomy (formerly Good Karma) is a digital currency for consumer rewards. When you buy socially and environmentally-conscious products and services, you can be rewarded with Goodomy ("GOOD"). You will also be able to reward your friends on Facebook, Twitter, Instagram, videos you like on YouTube, your favorite blogs, and much more, as a kind of 'like' with real-world economic value.

Enterprise clients in the Ethereum Alliance such as Toyota, Microsoft, JP Morgan and others can use Goodomy to automatically reward their customers with Goodomy when they purchase a hybrid car, buy 'green bonds', move business applications to the cloud to reduce energy usage, and much more.

[note: yes, but this is only a small part of what Goodomy will be able to do]

The 'green' industry is one of the fast-growing segments of the broader economy. Organic products in the US alone are now available in nearly 20,000 natural food stores and nearly 3 out of 4 conventional grocery stores, comprising a $45 billion dollar market that is growing bigger every year. Imagine a consumer being rewarded with Goodomy when they choose organic oranges over regular oranges. Not only does this help to offset the usually more expensive organic choice in the consumer's mind, they will have an experience that can be shared with others.

Goodomy can be used as an incentive for customers in just about any industry. Companies may also choose to reward their employees with Goodomy for their achievements and performance. The possibilities are limitless.
And, all across the web, hundreds of millions of people are doing things for each other every day. Perhaps someone replied with a helpful comment or uploaded a photo that made them smile, or maybe the saw a video that really helped them on YouTube. Now they can give back to anyone on just about any kind of website in a more meaningful way than just a 'like' – they can reward them with Goodomy at the touch of a button via an easy-to-use browser add-on.

[note: the latter is a trivial consideration. Any kind of person-to-person exchange would be possible.]

There will be more info as we approach lift-off.

Goodomy [GOOD] – P2P Currency
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November 28, 2017, 09:03:19 AM
 #279

Total Coin supply is very large of amount. Can you decrease it?
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November 28, 2017, 12:41:45 PM
 #280

880M coin may cause for low price of coin.
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