THE TRIBE - a revolutionary new cryptocurrency - PLEASE READ and PM for invite!

[graymatter1111]

Hi all,

We are working on a new cryptocurrency for widespread adoption and would like some feedback.

The problem we are trying to solve

• Bitcoin is an investment like gold rather than a currency. People invest in it and hoard it rather than spend it to buy things like normal currency.
  
• Bitcoin is anonymous so it is easy for it to be used for illegal purposes - money laundering, drugs, terrorism, tax evasion, etc.
  

• Bitcoin's cost is a barrier to entry for most people in the world who don't have the spare money to invest in it.
  

Our solution

A cryptocurrency for everyone which is fully transparent, has low barriers to entry and encourages people to use the currency like normal money rather than hoard it.

Here's how it works:

• Coin creation - Everyone who joins the tribe gets a fixed number of coins for free. However, the founders/developers/marketers get the most coins, the early adopters get slightly less coins, the later adopters get even less coins, and so on. So people are encouraged to join early.
• Global appeal - Because all new users get some coins for free, anyone can join regardless of how much money they have. This, together with the incentive for early adoption will drive high demand.
• Transparency - New users will only be able to join if an existing user invites them. Accounts will be linked to people's names/ID and all accounts/transactions will be recorded on the blockchain. So it is unlikely to be used for illegal purposes and should satisfy any regulators / law enforcement. There is also unlikely to be any theft of coins as the accounts would not be anonymous.
• Coin value generation - The coins will gain their value through usage. The coins will initially be used in the sharing economy - people will be able to buy and sell goods/services from each other using the coins instead of fiat currency. This could on existing platforms like Craigslist / gumtree or our own platform. The more the coins are used, the more valuable they will become. To gamify this and encourage people, there will be bonus coin rewards and other rewards (trophies, avatars, etc.) for people who sell goods/services using the coins. The early adopters and founders/developers will want the coins to gain value quickly as it will make the larger number of coins they already have more valuable. The coins could also then be traded on an exchange just like any other coin. However, new coins are generated every time someone joins so there is natural 'inflation' which encourages people to spend the coins rather than hoard them, just like fiat currency.

Feedback

• Are there problems that we haven't thought of?
• Are you interested in being part of the development team?
• Would you want to join this and be an early adopter?
• How likely are you to sell goods/services using the coins instead of fiat currency?
  
  Thanks for your feedback  . Please PM me if you're interested or my telegram is Graymatter1111.

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[CryptoNation-X]

To begin with, I think the concept of designing the coin as a "daily used coin" as against an "virtual asset" (like bitcoin) strikes the difference.
Nonetheless on your summary above (in my opinion), you are expected to definitely touch on one of the basic fundamental questions that attracts stakeholders, which is - on what platform/blockchain is your project to be based on ? Bitcoin, ERC20, or building your own platform. And also the programming language used (this draws the already positioned programmers closer).
Second is the advisers (legal, economists and the likes).That will begin to give your project some foundation pillars before the readers. And systematically others will begin raising hands.

If can provide more info on this, I can provide you more guide, and see how I can help. I dont claim to know all though. Have been on this crypto thing for a while - even though just new to this forum.

[Patatas]

The moment someone says 'centralisation' - I don't even bother reading ahead.
So you want to solve bitcoin's anonymity problem ?

 1.Bitcoin is not anonymous
 2.People want to use a coin that is anonymous as it can get.

Your idea just basically involves 'legalising' bitcoin in a way which is acceptable by the governments.Cipher Punks don't like it.I don't like it.And with the global appeal idea,you're coin will forever remain worthless.