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April 08, 2018, 10:12:19 PM |
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LOL. So we give you money, and you be happy about it and donate some random amount of corn, possibly even 1 kernel? Yes?
From the site:
How does it work?
You send me cryptocurrency, and after each batch of donations I donate corn to a food bank. See the harvest.
You might wonder what the benefit is for you. Well, don't think about that! It's the world's first-ever “I🌽O”! Getting in on this could be the opportunity of a lifetime, if you've spent your life wanting to give someone digital currency to help provide corn to the hungry.
Want more technical details? Read the cornpaper.
From whitepaper:
Rationale
Cryptocurrencies such as Bitcoin are often
viewed as extremely durable systems due to
their decentralized design. But systems are
only as reliable as time proves them to be,
said someone once . And since 1
cryptocurrencies haven’t been around for
even one single millennium, in the grand
scheme of things how trustworthy can they
be?
Corn, on the other hand, has been a
part of human civilization for thousands of
years . Corn’s biological processes have 2
proven to be remarkably fault-tolerant , 3
making corn-based systems possibly safer and
more robust than cryptocurrency alternatives.
In fact, corn has historically served as a
currency in some cultures, which you can
read about by following the affiliate link in
this footnote . 4
Many cryptocurrencies also ensure
value through deflationary schemes which
enforce scarcity. But there is already a finite
amount of corn in the world—supply and
demand, something something blockchain.
These observations show that while an
“initial coin offering” (or ICO) is a useful
mechanism for distributing new
cryptocurrencies, an “initial corn
offering” (or I� O)—in which corn is
donated to food banks in exchange for
cryptocurrency donations—may benefit from
the additional robustness of corn's inherent
biology and value.
Essentially its just a bunch of jibberish to see if anybody will actually give money away for something so silly. Good work!
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