[PEDcoin] Easy way to transfer BTC into Entropia Dollars, Income From Trans Fees

[JuenoMT]

[PEDcoin] Easy way to transfer BTC into Project Entropia Dollars (PED) and Make Income From Transaction Fees

Hi!

I was thinking about The Entropia Universe and how it can be difficult to transfer money into and out of The Entropia Universe if you don't have access to the regular methods such as credit cards and bank accounts. It can be impossible to do so for some. I think that I have a solution.

First of, I have to say that The Entropia Universe has a special meaning to me. It was while I was playing in-game that I notice in the shoutbox this comment... "Hey! I'm really interested in that Bitcoin idea!!" My reaction was (to myself) "Bitcoin??" It's not that I hadn't heard about Bitcoin, its that I had not given Bitcoin much attention and didn't know much about it.

My history with Bitcoin

About two years ago I received an inheritance of roughly $10,000. I didn't spend it right away, I sat on it while I considered what I was going to do with it. I knew I needed a new computer so that was definitely on the agenda but what I was most concerned about was how I could invest the rest. I am a geek to the core so I love all things tech. I began looking for a highly profitable tech venture that would not require a great deal of time on my part so that I could remain focused on getting my college degree. I had come across some information about bitcoin but didn't have the time to thoroughly investigate it. I mentioned to my wife what I was trying to find and she was (very) opposed, so I dropped it.    About one year later I was back at it, trying to find an online source of income which lead me to The Entropia Universe Project, you can put the rest together I'm sure...

So this is the idea,

Its a simple concept:

• Create an alt-coin that is merged mined with bitcoin (must be easy to do so that it will be adopted more readily)
• Call this new alt-coin the PEDcoin (duh! )
• Make the PEDcoin destructible when traded for PED in-game
• Since PED has a set value of $10, it will not decrease or increase in value (For this project this is a GOOD thing!)
• In the Entropia Universe you can buy land and setup your own business, including banks (maybe ATMs would be possible?)
• Buy/rent such a space within the game and setup a bank/ATM
• Setup the bank/ATM to receive deposit credits and data from outside the game (PEDcoin wallet)
• Institute PEDcoin mining
• Miners sell their PEDcoins in a BTC exchange (integrate exchange into PEDcoin wallet?) or directly to customers for a small markup
• Link PEDcoin wallet addresses to Entropia Universe account
• Owner of PEDcoin goes to bank/ATM and withdraws PED ingame
• Bank/ATM owner receives small transaction fee
• Everything should be set up so that the wallet handles all exchanges and transactions
• Thats It!

Who wants to help develop this, I want to make it open source but we will have to setup a bank/atm within game to test. So there is income to be made by being the first to open such a bank/ATM.

[/list][/list]