Activity: 1 million
Merit: all of them
[ANN] SpendProof [SPNDPRF] | POS/POW | 0% Premine Blocks | 0% Base APR (decreasing over time)
Spendproof is an innovative money disbursement system that aims to generate wealth transfer through it's unique and dynamic distribution method
Proof of stake and proof of work have proven unsustainable in the medium to long term. Proof of work destroys 10% of the atmosphere per year according to estimates which have proven to be conservative. Many scientists in the field think that number could be at least 20x 30x higher. As bitconnect has proven, Proof of stake is nothing but a pyramid scheme. Dash will likely fall next.
Spendproof aims to create a sustainable, fair and unique money distribution system. Beginning today I will be instituting two new protocols to facilitate my singular aim of fairly distributing cryptocurrency throughout the modern world.
Today I introduce to you POS(Proof of spend)/POW(proof of where) The Proof of Spend/Proof of Where structure is truly unique and dynamic, as there'll be 0 blocks of 0% per annum ROI after every rotation of the sun. Spendproof also supports reverse staking. Every coin sent to my wallet is guaranteed to be reversed staked and returned to you once my personal staking process has completed. There is potential for a single masternode through which all transactions will flow, see roadmap for masternode details.
With proof of Spend and proof of When you will never need be concerned with where or when your bitcoin is being spent as every single time I spend a bitcoin at a merchant I will take a picture showing the transaction along with a geotag, thus ensuring you know I have spent your money and you know where I have spent it.
POT (proof of time) may be instituted in the future but currently our team of developers has yet to figure out how to timestamp a photo.
Follow my twitter to see exactly where your money is being spent, and god willing, when.
Twitter:
https://twitter.com/SpendproofExplorer: He who explores
Discord: Disagreement between people
Email:
spendproof@protonmail.com*Please note that, anyone who wants to PM/DM, should only contact via twitter, email, or bitcointalk DM.
If you would like to participate in this exciting opportunity please donate below.
BTC: 3N4Pc4pvZx9DbfoVzvyWDQ31jCiuhQNQ8t
BCH: qrvtpgvl0adq0wa2ysehgwa4mwe0aptv6gu0hn9ag4 ( I prefer you not send bch as I am principled and honest, but if you must....)
LTC: MD6KugNA33fdj4bdqjZmaPgaUuJefbXJcH
ETH: 0x3e88259b7053C018F9f17f9A902FEb28c059E8C8
Name: Spendproof
Ticker: SPNDPRF
Algorithm: Analog
Type: POW / POS
Maximum money: Up to you
Premine: No Premine!
p2p port=dafuk?
rpc port=dafuk?
Block Time: TBA
Minimum stake age: Medium Rare
Coinbase maturity: tween
Max block size: 1
Please note that POS is disabled on premine wallet as there is no premine wallet. I don't currently own a wallet but may look into leather billfolds depending on the success and adoption of Spendproof coin.
POS will start jump street.
There will be 2 different numerals representing per annum ROI of POS rewards, 0% and 0%. The base APR will be 0% and the 0% APR will activate after every 0 blocks for just 0 blocks, named as dummy blocks. This will continue till 0 blocks. The rewards will change after 0K blocks, which will be explained later. The structure of POS rewards till 0K blocks is as follows: To calculate accurate returns on coins staked simply multiply above variables x 3.14 and then subtract your age.
Miners will get black lung if proper respiratory cautions are not taken.
...so on and so forth, reducing into half after every block.
Stock Exchange: a place to buy and sell stocks
Coin Exchange: a place to buy and sell coins
Diverse Blockchain start
Launch Website:
http:// 2050
Launch Block: Explorer likely never
Get listed on Exchanges
Stocks Exchange: please see above definition of stock exchange
Coin exchange: Please see above definition of coin exchange
Cryptopia: an exchange which often has wallet problems.
Whitepaper
Launch whitepaper (pending)
