Do we want our own coin?

[Katashi]

Bump. Let's get some more ideas. I'm warming up to the possibility. It's been awhile, at the same time I'm looking for a small group of people that can form part of the core team. However, just like the founder of the first coin, ayoko mag handle ng day to day developments of the coin, I just want to get it started and see if it can grow on its own, with no restrictions. Organic ba.

Ibibigay ko ang buong suporta ko kung may gagawin coin ang mga kilalang members  na pinoy dito sa forum, basta yung pang masa na coin tulad ng bitcoin kasi hindi na din malayong mangyari na magkaroon ng sariling coin ang bawat bansa tulad nalang ng china na kahit tutol sila sa crypto ay gagawa pa din sila ng sarili nilang digital coin. papahuli pa ba tayong mga pinoy sa lumalaganap na bagong teknolohiya?

[Dabs]

This will be an open source, community coin, but we need to jumpstart it somehow. Hindi sya pwede galing sa gobyerno, besides pag gumawa ng coin sila, it will be controlled by them and sigurado pegged to the fiat Peso somehow. I think we need several months to plan this and launch something.

[julerz12]

This will be an open source, community coin, but we need to jumpstart it somehow.

100% support this as well. We will be needing someone who can code or maybe mag-fork nalang sa mga existing coins?

Hindi sya pwede galing sa gobyerno, besides pag gumawa ng coin sila, it will be controlled by them and sigurado pegged to the fiat Peso somehow.

Sa pagkaka-alala ko, may proposed coin dati ang government natin, 'di ko 'lang matandaan yung name, pero mukhang wala namang nangyari, hanggang proposal 'lang ata.
Also, kelangan din makapag-isip ng tamang paggagamitan ng "Pinoy coin" (Pcoin?  ); use cases kung baga, maybe for remittances ng mga OFW?

[carlisle1]

This will be an open source, community coin, but we need to jumpstart it somehow. Hindi sya pwede galing sa gobyerno, besides pag gumawa ng coin sila, it will be controlled by them and sigurado pegged to the fiat Peso somehow. I think we need several months to plan this and launch something.

sa likod din ako Boss ,may nakalaan pa akong maliit pondo para mailagak sa matinong currency and with you backing malaki tiwala ko na magtatagumpay kahit manlang dito muna sa Bansa natin at kasunod na lang ang international market,tutal marami na tayong mga cryptonians sa Pinas at kulang na lang ng pushing galing sa mga Prominenteng tao para magtuloy tuloy..
Push lang boss andito kami para sumuporta

[abel1337]

Support lang ang kaya kong gawin para sa mga kababayan natin and some small promotions.

Marami na din nag try mag lunsan ng kanilang coin na Philippine base like Pesobit and somehow nakuha nito ang market sa kanilang early phase ng development, Pero as I see ngayon para wala ng galaw ang coin nila. I hope if this project continue maiwasan natin ang mga mali nung mga unang nag release ng kanilang coins.

[tambok]

This will be an open source, community coin, but we need to jumpstart it somehow. Hindi sya pwede galing sa gobyerno, besides pag gumawa ng coin sila, it will be controlled by them and sigurado pegged to the fiat Peso somehow. I think we need several months to plan this and launch something.

You have our support boss, andito Lang kami with our 100%. We got your back. Tama po kayo Hindi pwedeng galing government, bukod sa pegged to peso for sure gagawan nila ng paraan how they can imposed tax which is ayaw naman nating lahat. Take your time po, it is not easy but we can do this for the better and for a change din, talunin natin paymaya, Gcash.

[acroman08]

This will be an open source, community coin, but we need to jumpstart it somehow. Hindi sya pwede galing sa gobyerno, besides pag gumawa ng coin sila, it will be controlled by them and sigurado pegged to the fiat Peso somehow. I think we need several months to plan this and launch something.

I'll support this! also, I heard Union bank has launched its own coin(stable coin) called PHX. are we gonna make our own coin, stable?
like Union bank to minimize its volatility or something like an altcoin? in my opinion, lower volatility like a stable coin will attract more users
to use it for remittance purposes.

[Dabs]

Hindi naten kaya gumawa ng stablecoin, how do we peg it? How do we fix the price? We can't if it's a truly free market. Meron na gumagawa ng ganyan through smart contract called DAI / MKR on the ETH chain. But to truly peg it, dapat meron tayong billions of pesos available to fix the price.

Kung magtayo ng sariling exchange for the coin, even if we fix the price, it won't be long before it gets listed on other exchanges as well, and then the market will take over.

Ang daming kailangan gawen para lang magkaron ng stablecoin. I think we should stick to pure crypto and let the market decide the value of the coin. This will depend on how it is produced whether that's staking or mining, and if there will be incentives to run full nodes like masternodes or not.

I have a few devs in mind who can do this, mag recruit ako ng mga "professional" coin devs, but the rest would be up to us. Alam ko si julerz magaling sa campaign management. We'd also need to raise enough funding to pay this small core team for a few years, hindi pwede lahat donations lang, o meron foundation. Kailangan buhay itong napakaliit na core team for the first two to three years or else mamatay lang ang coin.

The rest of the parameters we need to discuss and think about even though I've already have a few ideas since a few years ago.

[julerz12]

talunin natin paymaya, Gcash.

Payment processors 'lang Paymaya, Gcash even coins.ph, no need na kalabanin natin mga yan, mas maigi pa nga if we could make partnerships with these companies para mas maraming ways to use the coin.

This will depend on how it is produced whether that's staking or mining, and if there will be incentives to run full nodes like masternodes or not.

Pwede both PoS/PoW  

We'd also need to raise enough funding to pay this small core team for a few years

Which will be through ICO/IEO? Mas patok ngayon yung IEO pero when using that method, kelangan talaga ng initial funding just to get listed for an IEO on any exchanges, unless willing makipag-partnership like yung mga bago pa lang. Also dapat sure din tayo na maabot yung stated goals/roadmap kasi kung hindi, uulanin ng reklamo. Alam mo naman mga crypto-investors ngayon, karamihan gusto nila 100% ROI agad.   Subukan din natin e pitch-in sa mga kilalang private investors, baka sakaling willing sila.

[crwth]

I'm still not into the idea of having an own coin. Are we doing it because of the "thinking" we need our own? I'm not sure there would ever be a time that every Filipino would be using that coin unless the Philippine Government is the one issuing it. Andami magandang projects kaso ang problem lang is too many people want to have a slice of the cake. So what I mean is that, there's no central payment system in our country. Andaming competitors (not that it's bad), but what I'm concerned about is how different payment, processors, wallets, and currencies are there. Ang maganda is one central processor tapos applicable sa lahat ng service.

So to explain more clearly, yung sa transportation natin. Andaming gusto mag simula ng "card payment" processes pero totoo bang useful ito? Iba iba ang mga gusto mag control kaya iba iba din ang mga RFID card payment system based (beep, star8 card, etc).

If ever man magkaroon ng own coin, I hope maapply siya sa lahat, kahit focus on transport systems muna. All the buses, trains, jeeps, etc. would utilize that type of payment system. Parang sa ibang bansa, talagang isa lang din ang card for all. Mapa-bus man or Train, at least you don't need anything else. Yun lang naman naisip ko.

[Sadlife]

Bump. Let's get some more ideas. I'm warming up to the possibility. It's been awhile, at the same time I'm looking for a small group of people that can form part of the core team. However, just like the founder of the first coin, ayoko mag handle ng day to day developments of the coin, I just want to get it started and see if it can grow on its own, with no restrictions. Organic ba.

katulad ng majority ng sumagot Sir suportado namin tong initiatives mo kung saka sakaling magkatuluyan,sa tingin ko napapanahon na din na magkaron tayo ng sariling Coin .

Support lang ang kaya kong gawin para sa mga kababayan natin and some small promotions.

dito siguradong madaming makikibahagi dahil kapos man sa financial eh may oras at resources naman para mag promote.antabay nalang kami Sir Dabs sa mga magiging updates

[julerz12]

Andaming competitors (not that it's bad), but what I'm concerned about is how different payment, processors, wallets, and currencies are there. Ang maganda is one central processor tapos applicable sa lahat ng service.

Wala tayo magagawa dyan, unless sabihin ng gobyerno natin na isang company lang dapat per service. Also, like you said, competition isn't that bad, at least may mapag-pipilian, para if ever one service provider fails, may maaring magamit na iba.
Isipin mo nalang kung tanging MRT lang pupwedeng sakyan ng mga tao sa Metro Manila, if that fails, maglalakad lahat. 

If ever man magkaroon ng own coin, I hope maapply siya sa lahat, kahit focus on transport systems muna. All the buses, trains, jeeps, etc. would utilize that type of payment system. Parang sa ibang bansa, talagang isa lang din ang card for all. Mapa-bus man or Train, at least you don't need anything else. Yun lang naman naisip ko.

Mahirap yan especially for a startup, unless if maraming partnerships with different companies and heavily funded. Siguro ang posible na makakagawa nyan is our government mismo at kung gobyerno natin gagawa, for sure stablecoin ang ending which isn't so bad as long as libreng magagamit ng mga kapwa natin Pilipino.

[Dabs]

Yeah, requiring all transport to accept it, would make it a government controlled coin.

The idea is that we launch it, and work towards getting it accepted. Like Opera browser now accepts bitcoin. Pwede siguro later on, at least sa Pilipinas lang, baka ma accept ang coin naten sa Grab, which is a company, but it's not government. (na wala na kasi ang uber, pero sa ibang bansa malaki parin sila.)

And yes, as a consequence, anyone who gets in on our new coin, will get a slice of the cake, ganun talaga. Wala naman ibang incentive para gamitin ng mga tao. Ganun din naman nag umpisa sa pinaka umpisa, ... (bumili ng pizza, etc etc etc.)

Madali lang naman sa ICO, nagawa na dati. We keep it simple lang. Meron minimum goal, pag hindi na meet by deadline (with possibility of extension depende sa tao), then balik lang lahat ng na ipon.

We'll give more than enough time for people to participate, but we must also cap it, hindi pwede parang EOS na 1 year yung ICO, hindi rin parang BAT nag 2 minutes lang ang ICO.. at, wala akong alam na exchange na willing mag IEO sa aten, hindi naman tayo kilala.

Meron akong mga connect sa isang exchange, tanungin ko kung ok sa kanila. At least para pag launch, meron na isang exchange.

[Hippocrypto]

Andaming competitors (not that it's bad), but what I'm concerned about is how different payment, processors, wallets, and currencies are there. Ang maganda is one central processor tapos applicable sa lahat ng service.

Wala tayo magagawa dyan, unless sabihin ng gobyerno natin na isang company lang dapat per service. Also, like you said, competition isn't that bad, at least may mapag-pipilian, para if ever one service provider fails, may maaring magamit na iba.
Isipin mo nalang kung tanging MRT lang pupwedeng sakyan ng mga tao sa Metro Manila, if that fails, maglalakad lahat. 

If ever man magkaroon ng own coin, I hope maapply siya sa lahat, kahit focus on transport systems muna. All the buses, trains, jeeps, etc. would utilize that type of payment system. Parang sa ibang bansa, talagang isa lang din ang card for all. Mapa-bus man or Train, at least you don't need anything else. Yun lang naman naisip ko.

Mahirap yan especially for a startup, unless if maraming partnerships with different companies and heavily funded. Siguro ang posible na makakagawa nyan is our government mismo at kung gobyerno natin gagawa, for sure stablecoin ang ending which isn't so bad as long as libreng magagamit ng mga kapwa natin Pilipino.

Medyo kailangan ng matagal na implementasyon dyan kabayan, kasi hindi natin alam ano patutungohan ng ganyang aspeto ng sariling coin natin sa bansa. Sa bagay kung tutuusin natin, kung sa binance usdt to bitcoin trading eh bakit sa pinas posible kayang meron php coin? Pananaw ko lang yan, dahil sa tingin ko capable and pinas sa tulong din ng nasa gobyerno natin.

[crwth]

Wala tayo magagawa dyan, unless sabihin ng gobyerno natin na isang company lang dapat per service. Also, like you said, competition isn't that bad, at least may mapag-pipilian, para if ever one service provider fails, may maaring magamit na iba.

Yun ang advantage ng mga consumer to have competitor services, pero ang fact lang na hindi lahat applicable, like hindi pa applicable yung coins.ph wallet in other areas of transportation, lahat lang ng nag aaccept ng beep card.

Isipin mo nalang kung tanging MRT lang pupwedeng sakyan ng mga tao sa Metro Manila, if that fails, maglalakad lahat. 

Pahirapan nanaman niyan sumakay. Sobrang hassle siguro nun talaga tapos may surge pa sa mga TNVS. Iyak na lang. Haha.

Mahirap yan especially for a startup, unless if maraming partnerships with different companies and heavily funded. Siguro ang posible na makakagawa nyan is our government mismo at kung gobyerno natin gagawa, for sure stablecoin ang ending which isn't so bad as long as libreng magagamit ng mga kapwa natin Pilipino.

Actually yun lang naman ang naghihinder sa pag laki ng startup eh, funding. If they receive well enough funding, it could turn into something great. Ang problem kasi, gusto ng mga pinoy sakanila din mismo yung kita. Kalimitan ito ang nangyayari, It's SELF before the COUNTRY

Yeah, requiring all transport to accept it, would make it a government controlled coin.

For me, ang goal if ever magkaroon is to have actual use of the coin, hindi lang yung pag HODL. It's supporting the coin to use it diba?

Pwede siguro later on, at least sa Pilipinas lang, baka ma accept ang coin naten sa Grab, which is a company, but it's not government. (na wala na kasi ang uber, pero sa ibang bansa malaki parin sila.)

Yun lang nakakalungkot dito sa atin, wala ng ka-competition si Grab on TNVS (cars category). Kayang kaya na nila i-control yung price. Unlike nung may uber pa, mamimili ka lang kung san mas mura.

Meron akong mga connect sa isang exchange, tanungin ko kung ok sa kanila. At least para pag launch, meron na isang exchange.

Maybe that contact you have could launch an IEO and malay mo, marami mag invest? I'm looking forward to that din. I think once the roadmap has been set, it could be easily implemented. I think we could get there.

[Clark05]

Support lang ang kaya kong gawin para sa mga kababayan natin and some small promotions.

Marami na din nag try mag lunsan ng kanilang coin na Philippine base like Pesobit and somehow nakuha nito ang market sa kanilang early phase ng development, Pero as I see ngayon para wala ng galaw ang coin nila. I hope if this project continue maiwasan natin ang mga mali nung mga unang nag release ng kanilang coins.

Kala ko nga rin na ang pesobit noon ay lalago ang presyo dahil nakakaproud naman kung ang gawang pinoy ay makikilala . Pero ang paggawa ng sariling coin ng mga Pilipino ay nangangailangan ng matinding research kung papaano ito lalago siyempre kung gagawa talaga ng coin ang mga Pinoy dapat natin itong suportahan para hindi matulad sa Pesobit na una lang tumaas at nagbigay ng hope at pagtapos ay biglang baba at wala nang movement na nangyayari.

[Katashi]

Yeah, requiring all transport to accept it, would make it a government controlled coin.

The idea is that we launch it, and work towards getting it accepted. Like Opera browser now accepts bitcoin. Pwede siguro later on, at least sa Pilipinas lang, baka ma accept ang coin naten sa Grab, which is a company, but it's not government. (na wala na kasi ang uber, pero sa ibang bansa malaki parin sila.)

And yes, as a consequence, anyone who gets in on our new coin, will get a slice of the cake, ganun talaga. Wala naman ibang incentive para gamitin ng mga tao. Ganun din naman nag umpisa sa pinaka umpisa, ... (bumili ng pizza, etc etc etc.)

Madali lang naman sa ICO, nagawa na dati. We keep it simple lang. Meron minimum goal, pag hindi na meet by deadline (with possibility of extension depende sa tao), then balik lang lahat ng na ipon.

We'll give more than enough time for people to participate, but we must also cap it, hindi pwede parang EOS na 1 year yung ICO, hindi rin parang BAT nag 2 minutes lang ang ICO.. at, wala akong alam na exchange na willing mag IEO sa aten, hindi naman tayo kilala.

Meron akong mga connect sa isang exchange, tanungin ko kung ok sa kanila. At least para pag launch, meron na isang exchange.

Posible bang ma tap natin yung mga existing crypto exhange platform sa bansa like coins.ph? kasi kung makagawa tayo ng coin at accepted sa coins.ph eh di madami agad itong pwedeng pag-gamitan tulad ng pambayad sa bills, toll gates, pang-load sa mobile phones at kung anu-ano pa.

[JC btc]

Medyo kailangan ng matagal na implementasyon dyan kabayan, kasi hindi natin alam ano patutungohan ng ganyang aspeto ng sariling coin natin sa bansa. Sa bagay kung tutuusin natin, kung sa binance usdt to bitcoin trading eh bakit sa pinas posible kayang meron php coin? Pananaw ko lang yan, dahil sa tingin ko capable and pinas sa tulong din ng nasa gobyerno natin.

Mahaba habang panahon at oras pa ang dapat gugulin para dito, dahil maraming factors ang dapat pang iconsider, anong klaseng coins, sino ang target market, is it feasible ba, kunting survey dito at sa mga non crypto, and many more, so maganda talaga kung magbrain storming ang mga expert dito sa Pinas ukol dito.

[julerz12]

Posible bang ma tap natin yung mga existing crypto exhange platform sa bansa like coins.ph? kasi kung makagawa tayo ng coin at accepted sa coins.ph eh di madami agad itong pwedeng pag-gamitan tulad ng pambayad sa bills, toll gates, pang-load sa mobile phones at kung anu-ano pa.

Posible naman, lalo pa kapag naging known na yung coin dito mismo sa 'Pinas. Pero in reality, that would take a lot of blood, sweat and tears and for sure before even getting accepted sa coins.ph dapat listed nadin yung coin on multiple cryptocurrency exchanges for them to even consider it. Pero kahit hindi sa coins.ph okey lang naman, the aim is to have mass adoption so sa kahit anong payment processor pa yan basta legit, okey lang, the more the merrier. 

[virasisog]

I saw a thread earlier asking about Philippine based or targeted coins, and there have been a few attempts at a country coin. Is this really something that we are interested in?

The purposes for others was for remittances, for general investing, for bills payments and banking, for OFWs, for rewards, for points.

Would we like something similar to Bitcoin ATMs where you can buy and sell on a machine?

Do we want a free airdrop? Or an ICO? Or a mixture of both? (Bounties of course will be available.)

Discuss.

Madami na nga nag attempt mag try nito well hindi naman impossible ito pero medyo mahirap lang to deliver it to reality
specially kapwa pilipino ang critics, may tumatak na kasi na image na kapag Local project is scam or malayong maging successful.
Hopefully it can happen in the future wag natin maliitin ang kapwa natin , there will always be a first and  will be looking forward for it.