[Experiment] Abstract Coin 0.2.1

[adamstgBit]

anyway i want to if this crazy idea can have some level of success

we need to move the coins around to see if it can work

[01BTC10]

Abstract™ is a trademark of adamstgBit a private for-profit company. I am breaking their Terms of Service by using the trademark Abstract without permission. Sue me.

With Bitcoin, you hold your own money. You control it.

With Abstract, you don't hold money. You hold debt issued by , adamstgBit a central authority.

As it is debt, they can print as much as they want, when they want. (Aka debasing).

With Bitcoin, miners are required to use their computational power to earn new Bitcoins and transaction fees.

With Abstract,  adamstgBit can issue as much coins as he wants.

With Bitcoin, nobody can spend your money without your private keys.

With Abstract, as the source code has not being released and it is still proprietary,  adamstgBit can change the rules and spend your money.


Bitcoin is v2.0 of money - where you control it in a democratic process via mining. Core network rules are embedded in open source code.

Abstract is v1.1 of money - building on top of existing central banks, and fiat money. Their current marketing efforts are set to overtake and destroy BTC, with their centralized system.

Abstract is a scam.

[adamstgBit]

Abstract™ is a trademark of adamstgBit a private for-profit company. I am breaking their Terms of Service by using the trademark Abstract without permission. Sue me.

With Bitcoin, you hold your own money. You control it.

With Abstract, you don't hold money. You hold debt issued by , adamstgBit a central authority.

As it is debt, they can print as much as they want, when they want. (Aka debasing).

With Bitcoin, miners are required to use their computational power to earn new Bitcoins and transaction fees.

With Abstract,  adamstgBit can issue as much coins as he wants.

With Bitcoin, nobody can spend your money without your private keys.

With Abstract, as the source code has not being released and it is still proprietary,  adamstgBit can change the rules and spend your money.


Bitcoin is v2.0 of money - where you control it in a democratic process via mining. Core network rules are embedded in open source code.

Abstract is v1.1 of money - building on top of existing central banks, and fiat money. Their current marketing efforts are set to overtake and destroy BTC, with their centralized system.

Abstract is a scam.

Abstract Coin doesn't have any particular software associated with it
Abstract Coin is nothing more then an imaginary object.
Abstract Coin operates with a protocol which allow users to transmit pieces of this imaginary object back and forth between any of the users imaginations
Abstract Coin first came into being yesterday night, the imaginary object appear in my mind, and i began to break it up and give it away to people. today i only have a small piece of this object left in my mind, what will happen tomorrow is anyones guess.

Abstract Coin is abstract, deal with it!  

[01BTC10]

[adamstgBit]

Will you believe you own a piece of Abstract Coin tomorrow?
... 

Not if no one else does!

[jubalix]

Will you believe you own a piece of Abstract Coin tomorrow?
... 

Not if no one else does!

can you send me some abs coin please....

also twitter of google docs may help

you need a coin explorer that can knit together every thing that each individual sends along, then show a legit chain back to you

also by time, you could say that no new coins issued by you will be valid after this time X thus making a hard limit.

[adamstgBit]

Will you believe you own a piece of Abstract Coin tomorrow?
... 

Not if no one else does!

can you send me some abs coin please....

also twitter of google docs may help

you need a coin explorer that can knit together every thing that each individual sends along, then show a legit chain back to you

also by time, you could say that no new coins issued by you will be valid after this time X thus making a hard limit.

you'll get your freebie tomorrow
tomorrow  the protocol will be refined
it will become more flexible making it easier to deal with / understand how to use.

Abstract Coin is unlike any other crypto that came before it!

[zellt5]

can i have some abstract coin sounds awesome ill give u some devcoincs or ixcoins for extra lol

[Tacticat]

I would like to have some

[Bytas]

i would like some too plz. Just for the funz

[Phinnaeus Gage]

This seems to me to be similar to Ripple, but without the main developer(s) hoarding a chunk of coins(?).

I believe that a system such as this, all the coin(s) should be given away in the open, for all to see.

Then, a value needs to be assigned, then reassigned on a regular basis so not to erratically deflate the currency.

Then, a marketplace desiring such a currency needs to be sought. I have suggested using it as an exchange, of sorts, for all other crypto-currencies.

Perhaps, it's the combined crypto-currencies that backs it with its 1% transaction fee, sans overall expense, that'll increase Abstract Coin's market cap.

Just thinking out loud.

[Praxis]

Send me a piece of the imaginary object, pretty please.

[Praxis]

the genesis entry for Abstract Coin

|AC63n78dn| (1AC)Genesis(0AC) -> AdamStgBit

confirmed  

here we go! first free batch

|AC8DG84KD| (0.999AC)AdamStgBit(0.899AC) -> Hazard
|AC8DG84KD| (0.899AC)AdamStgBit(0.889AC) -> ohhaithere
|AC8DG84KD| (0.889AC)AdamStgBit(0.869AC) -> fredtrader
|AC8DG84KD| (0.869AC)AdamStgBit(0.838AC) -> nimda
|AC8DG84KD| (0.838AC)AdamStgBit(0.828AC) -> BitcoinAshley      
|AC8DG84KD| (0.828AC)AdamStgBit(0.808AC) -> TsuyokuNaritai
|AC8DG84KD| (0.808AC)AdamStgBit(0.798AC) -> True___Blue
|AC8DG84KD| (0.798AC)AdamStgBit(0.788AC) -> Phinnaeus Gage  
|AC8DG84KD| (0.788AC)AdamStgBit(0.778AC) -> calian  
|AC8DG84KD| (0.778AC)AdamStgBit(0.768AC) -> batcoin
|AC8DG84KD| (0.768AC)AdamStgBit(0.758AC) -> Boi qaaf
|AC8DG84KD| (0.758AC)AdamStgBit(0.658AC) -> NamLaLai

Confirmed.

[adamstgBit]

the genesis entry for Abstract Coin

|AC63n78dn| (1AC)Genesis(0AC) -> AdamStgBit

confirmed 

I'm going to start giving away large amounts today, just so i can get the coins out there asap. once this block is confirmed( by someone quoting it ) you can use that confirmation as proof that you own some Abstract Coin.

|AC8DG84KD| (0.654AC)AdamStgBit(0.644AC) -> zellt5
|AC8DG84KD| (0.644AC)AdamStgBit(0.634AC) -> Tacticat
|AC8DG84KD| (0.634AC)AdamStgBit(0.624AC) -> Bytas
|AC8DG84KD| (0.624AC)AdamStgBit(0.614AC) -> Praxis

[adamstgBit]

The idea is that, if i say i give you 0.xxx amount of Abstract Coin, it makes it so.
Looking at the history of who said what, we know where the Abstract Coins currently are.

[adamstgBit]

here is an example of a fraudulent claim on Abstract Coin
someone made it appear as if I had giving away 0.500AC to fredtrader

|P60DG84KL| (0.658AC)AdamStgBit(0.158AC) -> fredtrader

confirmed

|C60DG84WI| (0.500AC)fredtrader(0.300AC) -> 01BTC10

clicking on this fabricated quote should bring you to the post were I said "|P60DG84KL| (0.658AC)AdamStgBit(0.158AC) -> fredtrader"
since i never sent this msg the quote doesn't work, and points to an unrelated msg.
clearly no one can believe fredtrader owns these coins, and so he doesn't!

 


still confused? thats because Abstract Coin is Abstract!

[adamstgBit]

the entire Abstract Coin MUST be giving away!

simply post your interest below, and you will get some today!

[adamstgBit]

Abstract Coins anyone?

now giving away 10% of the total supply to the next person to ask for it

[rudrigorc2]

Sounds good i would like to have some in my abstract p_cket. Thanks.

[adamstgBit]

the genesis entry for Abstract Coin

|AC63n78dn| (1AC)Genesis(0AC) -> AdamStgBit

confirmed 

|AC8DG84KD| (0.614AC)AdamStgBit(0.514AC) -> rudrigorc2