Proof of Trade - PoT Protocol (What yours Opinion on this new tech)

[owolabiayodele]

I stumbled upon this Thread and choose to ask you Guys your opinion.....If its what investing some bucks or not?


THE VALUECASH PoT PROTOCOL

The PoT protocol is configured to put power into the hands of the ValueCash community by becoming validators to the transactions they perform and get rewarded for performing the transaction. Each trade transaction completed between a Buyer and a Merchant will generate 10% new coin of the transaction value in price performed between the 2 parties, this means that new ValueCash will be generated after every successful transaction between a Buyer and a Merchant. For instance, if Mr. A buys an iPhone from Mr. B worth 100 XVL, 10% of the transaction value which is 10 XVL, will be created as new ValueCash coin and will be distributed among the Buyer, Merchant, Affiliate and ValueCash Project Development in the ratio 5:2:1:2 respectively.

This implies that buyers get 5% discount each time they patronise a merchant using ValueCash as a payment option, merchants get additional 2% profit for product or service they offer, affiliates get a lifetime reward of 1% when they are able to introduce merchants to accept ValueCash as a payment option while the ValueCash Project Development team gets 2% for the Security of the ValueCash Blockchain network, future development and Marketing.

More details: https://bitcointalk.org/index.php?topic=2674928.0


Whats your opinion??

[tromp]

new ValueCash coin and will be distributed among the Buyer, Merchant, Affiliate and ValueCash Project Development in the ratio 5:2:1:2 respectively.

This implies that

everybody will be a Buyer, Merchant and Affiliate at the same time, and by paying themselves, will inflate their holdings by 5+2+1=8%, and a hundred of these tx will inflate their holdings by about 220000%.

Sounds like a plan...