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Author Topic: Antimatter Official Development and Release  (Read 3807 times)
barwizi
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July 01, 2013, 09:41:20 AM
Last edit: July 04, 2013, 05:42:43 AM by barwizi
 #1

A currency backed by other currencies.

If say i had 0.1 antimatter coin, at that moment it is worth only 0.1 antimatter coin...but if i stake 1 SXC to it, then every 0.1 antimatter coin is backed by 0.1 SXC. If someone else stakes 1 PNC each 0.1 unit is backed by 0.1 SXC and 0.1 PNC.

Keeping track of the transactions has been a hurdle for abstract coin, i intend to make a client that will handle that issue.
The huge premine will produce the coin that will be distributed via buy-ins using the non-traded coins. The buy-in method implemented, in essence is merging all the non traded coins into one super-coin that has the backing of people who have previously been backing these coins and have been holding them with no sign of exchange. The beginning is very energy efficient since people wont have to divert their hardware to mining it, all you have to do is buy in using your non traded coins. A lot of hash power was used on a lot of non traded coins and this is a method of cashing in on those efforts.

As a result the alts shore up this "idea" coin and as the coin gains popularity your buy in converts into something actually tradable, there by you get returns (finally) on the effort put into mining these non traded alt. I am sure noone wants to be left holding the bag of the non traded alts. By limiting growth of the coin via mining during the first few thousand blocks, we encourage energy and effort saving but making it lucrative to just buy in using your Hazard coins rather than diverting your miners again from profit making.The stakes push the price of each unit up as interest builds. It's an unorthodox merge but it allows us to clean up the forum of the windfall of alts that were released by attaching their value to a single currency. And as the volume of stakes rises, this "coin" may end up being of competitive value due to it's being backed by cumulative derived values of alt coins. This is a project that will (just like Noirbits) be community oriented.

This idea came to us on cryptsy and google chat while we were trying to figure out a way to combine all the alts and solve the issues faced by the community.The unifying idea was born and has been developed and fine tuned. I'd like to make a public apology to r3wt  Tongue his feedback was ignored but has proven to have insight.  


Non-Tradable currencies accepted as buy-ins (we will update as we do our homework on more of them)
    
SifCoin
CureCoin
XenCoin
WeedCoin
VaginaCoin
FlashCoin
PornCoin
FlorinCoin
AnoCoin
MegaCoin
SuperCoin
ExCoin
ZenithCoin
OneCoin
InfiniteCoin
SkyCoin
SexCoin
DragonCoin
Emerald
USCoin
RealCoin
OneLadtCoin
QuantamCoin
FireCoin2
PowerCoin
SunriseCoin
IceCoin
GameCoin
LiquidCoin
SolidCoin
RuCoin
RedCoin
CosmosCoin
ValueCoin
6Coin

If a coin has been added erroneously please advise. If i missed one, the same applies.

The buy-in period is also limited until the date we hit an exchange from then on people will trade and mine.

The client will be available at launch for authentic method to store your buy in.
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July 01, 2013, 09:44:37 AM
 #2

wait a sec... is this like Ripple for Abstract Coin?

barwizi
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July 01, 2013, 09:48:12 AM
 #3

wait a sec... is this like Ripple for Abstract Coin?



 i have honestly no idea about how ripple works, does it act as a unifying currency?
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July 01, 2013, 10:35:43 AM
 #4

I think this is a fantastic idea -

will you only include the non traded coins , or can we also back ANT with some Caps or some precious gem like nibble ?

: D

- Twitter @Kolin_Quark
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July 01, 2013, 10:38:04 AM
 #5

also can we call it ANT and can it have an Ant symbol as i suggested , everyone seemed to like that  and I'm going to want it so much more if that happens.

Also how far away are you ?  from the ANT derivative ?

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July 01, 2013, 12:25:48 PM
Last edit: July 01, 2013, 01:43:57 PM by digitalindustry
 #6



The ANT Derivative

I really like this idea .

It will be hell fun to mine all this crap and jam it into a single derivative  - all i can say guys is watch out for Malware -

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barwizi
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July 01, 2013, 01:01:55 PM
 #7

i'm still consulting a few people but if their responses come, we can be a go in 24 hrs. all i need to do is secure the bases
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July 01, 2013, 01:32:36 PM
 #8

I can lend

Plasma rifle

and a

Turbo plasma rifle

for base security, I've been collecting caps for a while -

how many bases need to be secured?



Antimatter Rifle -

- Twitter @Kolin_Quark
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July 01, 2013, 01:59:14 PM
 #9

hehe, we just ordered our own enterprise class just to hover around. All i want is one last person to hop aboard and let me use his platform.
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July 01, 2013, 02:14:59 PM
 #10

I don't really understand. How do you know exactly was is the price for altcoin1 ... altcoin2 ... altcoinxx ?
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July 01, 2013, 02:30:28 PM
 #11

I don't really understand. How do you know exactly was is the price for altcoin1 ... altcoin2 ... altcoinxx ?

we consider 1) Volume mined 2) level of premining 3) distribution 4) how much interest was shown 5) if the chain was forked or any other deal breakers
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July 01, 2013, 02:32:33 PM
 #12

https://docs.google.com/document/d/1s0A_6f9n78E7W1_yt96C4qJJRdRjLCa0ppT9sH4hs7c/edit?usp=sharing

doc for ideas and queries
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July 01, 2013, 02:33:49 PM
 #13

Please do not vandalize the doc!

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July 01, 2013, 02:41:55 PM
 #14

I don't really understand. How do you know exactly was is the price for altcoin1 ... altcoin2 ... altcoinxx ?

we consider 1) Volume mined 2) level of premining 3) distribution 4) how much interest was shown 5) if the chain was forked or any other deal breakers

who decides ?

i didn't even think of that , i think i just asked the deal breaking question -

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barwizi
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July 01, 2013, 02:50:48 PM
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I don't really understand. How do you know exactly was is the price for altcoin1 ... altcoin2 ... altcoinxx ?

we consider 1) Volume mined 2) level of premining 3) distribution 4) how much interest was shown 5) if the chain was forked or any other deal breakers

who decides ?

i didn't even think of that , i think i just asked the deal breaking question -

there will be a one off poll 24 hours before launch where people will vote the coins in. That way the community part  is satisfied in a free manner.
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July 01, 2013, 02:51:18 PM
 #16

So it's like a whole BASKET of shitcoins Smiley
I'm in for sure, got a plethora of muppet coins taking up space on my hard drive.
barwizi
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July 01, 2013, 02:52:36 PM
 #17

So it's like a whole BASKET of shitcoins Smiley
I'm in for sure, got a plethora of muppet coins taking up space on my hard drive.

its like taking dung and making usable fuels.
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July 01, 2013, 02:57:40 PM
 #18

If you can lock them into things like multisig escrows and merge them into Open Transactions, you will have viable derivatives.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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July 01, 2013, 03:02:37 PM
 #19

So it's like a whole BASKET of shitcoins Smiley
I'm in for sure, got a plethora of muppet coins taking up space on my hard drive.

its like taking dung and making usable fuels.

Yes, indeed

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barwizi
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July 01, 2013, 03:03:27 PM
 #20

If you can lock them into things like multisig escrows and merge them into Open Transactions, you will have viable derivatives.

You mean using an escrow service to distribute the coins? wow, thanks. I'll look around for a trustworthy guy, any suggestions?

the part i don't get is the merging into Open transactions.
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