[ANN] [ZERO] Zero Hedge Coin - Quantitative Easing Applied to Crypto Currencies

[solracx]

Happy New Year!

Celebrating the utterly brilliant Federal Reserve strategy of Quantitative Easing (QE),  we have created:

Zero Hedge Coin [ZERO]  a.k.a. "The Zero" (Spoken is similar way to 'The Euro').

www.zerohedgecoin.com

Join the discussion at:

zerohedgecoin.boards.net


The ZeroHedgeCoin (ZERO) mimics the various Federal Reserve Board (FRB) actions to stimulate the world economy via Open Market Operations (OMO).

One ZERO is equivalent to 1/1,000 of a USD.

This is the Federal Reserve schedule with the number of ZERO coins created during the different periods:

Nov 2008 1 month - Trouble Asset Relief Program (TARP) - 800 million ZERO (equivalent to 800 billion USD)
Mar 2009 - June 2010 1 year 3 months - QE1 -  2.1 billion ZERO (Equivalent to 2.1 trillion USD)
Nov 2010 - Sept 2012 1 year 10 months - QE2 - 600 million ZERO (Equivalent to 600 billion USD)
Nov 2012 - Nov 2013 QE3 - 85 million ZERO a month (Equivalent to 85 billion USD a month)
Dec 2013 - Tapering (TBD)

The timelines for ZeroHedgeCoin (ZERO) will be compressed into a single year rather than spanning 5 years.   So in in short the schedule will be:

TARP - 1 Week   -     800 million ZERO -  79365 coins per block ( 0 to 10080 )
QE1 -  3 Months  -   2,100 million ZERO - 15938 coins per block
QE2 -  4.5 Months -   600 million ZERO -   3035 coins per block
QE3 -  2.5 Months - 1,020 million ZERO -   9290 coins per block
Tapering - TBS - 1% inflation rate per year.  Similar in spirit to Quark coin mechanics.

Total number of coins equals the number of USD mints divided by 1,000.  So if the Fed mints 1 trillion USD,  1 billion ZERO coins will be created.

The coins are distributed in what is called the "Open Market Operation" (OMO).  In crypto-currency terminology, this is called "mining".  ZeroHedgeCoin miners are called "Primary Dealers".  They are responsible acquiring the coins using scrypt based solvers and re-distributing the coins to the general public.

Proof of Stake will be based on the LIBOR rate at the time the current easing started.

The Federal Reserves QE strategy was created by the smartest minds (i.e. Ben Bernanke, Janet Yellen, Larry Summers) in economics.  We do anticipate that by employing the same scheduling (in what is known as a Cargo Cult process), that the similar incredible wealth creation results of the Federal Reserve will be similarly replicated by ZERO.
 
More Technical Details:

Scrypt Based... Proof Of Work and Proof of Stake
1 minute per block

ETA  January 2014

BTW... could someone make a coin logo around these lines:

[1715101828]

1715101828

[1715101828]

1715101828

[1715101828]

1715101828

[tk808]

Reserved

[4w4k3ning]

reserved

[microlovr]

Wonder what Tyler will make of this!?

Crypto bitchez!!!

[chip99]

reserved

[Bigeyeone]

There is already Bernanke coin doing the same thing, hyperinflation coin set up to fail

[thekekk]

nice name

[FreePls]

zero EDGE coin 

[eddilicious]

zero hedge is against QE and Bernanke & Co. This is not right. Zero hedge is about fight club 

[occham]

Good site too

http://www.zerohedge.com/

[solracx]

specs updated.

seeking suggestions and comments.

seeking pools.

seeking logos.

[awais3344]

cool 

[KonstantinosM]

4 words. I am all in. 

[andrealandia]

reserved

[atp1916]

Let's roll, OP.

Do it up good.

[Nullu]

There is already Bernanke coin doing the same thing, hyperinflation coin set up to fail

So basically centralised?

[solracx]

There is already Bernanke coin doing the same thing, hyperinflation coin set up to fail

So basically centralised?

The coins will be mined in what we call "The Open Market Operation" OMO

[solracx]

Wonder what Tyler will make of this!?

Crypto bitchez!!!

They may selling all their gold and silver bullion to acquire this new coin!

[HashHound]

This looks interesting.

[solracx]

I found the historical LIBOR rates. 

This will be used to calculate the interest rates for the Proof of stake calcuations.  http://www.fedprimerate.com/libor/libor_rates_history.htm

[PondSea]

reserved

[solracx]

more updates to the spec.

[solracx]

Good site too

http://www.zerohedge.com/

never heard of it.

 ;-)

[sighle]

Forgive me because I am not an economics major but I see some flaws with this proposal which you might be able to answer..

This coin is "based" on the US dollar(only because you claim it is) and you are saying that it will be "worth" 0.001 USD per coin.

First - where are you getting this made-up value?

Second - Let's say hypothetically that this coin succeeds down the road and miraculously the US government gets involved and says that it's a legitimate form of currency, suddenly you are *causing an immediate 0.1% inflation to the entire US dollar*. That means it won't happen.

Furthermore, there is currently 1.23 Trillion dollars in circulation in the US. Are you saying that you are releasing 1.230 Quadrillion coins right off the bat to match it?

If so, that would be the highest number of coins released in a single cryptocurrency and with the systems you have in place, there is no theoretical limit to how many will be created.

The system makes no sense, feels like a scam. Prove me wrong.

Edit: Adjusted values for accuracy.

[cAllisTo]

Reserved

[solracx]

Forgive me because I am not an economics major but I see some flaws with this proposal which you might be able to answer..

This coin is "based" on the US dollar(only because you claim it is) and you are saying that it will be "worth" 0.001 USD per coin.

First - where are you getting this made-up value?

Second - Let's say hypothetically that this coin succeeds down the road and miraculously the US government gets involved and says that it's a legitimate form of currency, suddenly you are *causing an immediate 0.1% inflation to the entire US dollar*. That means it won't happen.

Furthermore, there is currently 1.23 Trillion dollars in circulation in the US. Are you saying that you are releasing 1.230 Quadrillion coins right off the bat to match it?

If so, that would be the highest number of coins released in a single cryptocurrency and with the systems you have in place, there is no theoretical limit to how many will be created.

The system makes no sense, feels like a scam. Prove me wrong.

Edit: Adjusted values for accuracy.

We are merely following the prescription of the Federal Reserve in its Quantitative Easing strategy.   So, we mirror the amount and scheduling of the minting of coins in our algorithm.   The technique of following the patterns of a successful process is called a 'cargo cult' process.

If 1.23 trillion USD is created by Quantitative Easing, the 1.3 billion (not quadrillion) coins will be created.  

The coin starts out at zero and does not presume that there are any existing coins in circulation.   This would mirror the bankrupt state of the U.S. financial system at the time of TARP.

Do you recognize parody when you see it?

[sighle]

Forgive me because I am not an economics major but I see some flaws with this proposal which you might be able to answer..

This coin is "based" on the US dollar(only because you claim it is) and you are saying that it will be "worth" 0.001 USD per coin.

First - where are you getting this made-up value?

Second - Let's say hypothetically that this coin succeeds down the road and miraculously the US government gets involved and says that it's a legitimate form of currency, suddenly you are *causing an immediate 0.1% inflation to the entire US dollar*. That means it won't happen.

Furthermore, there is currently 1.23 Trillion dollars in circulation in the US. Are you saying that you are releasing 1.230 Quadrillion coins right off the bat to match it?

If so, that would be the highest number of coins released in a single cryptocurrency and with the systems you have in place, there is no theoretical limit to how many will be created.

The system makes no sense, feels like a scam. Prove me wrong.

Edit: Adjusted values for accuracy.

We are merely following the prescription of the Federal Reserve in its Quantitative Easing strategy.   So, we mirror the amount and scheduling of the minting of coins in our algorithm.   The technique of following the patterns of a successful process is called a 'cargo cult' process.

If 1.23 trillion USD is created by Quantitative Easing, the 1.3 billion (not quadrillion) coins will be created.  

The coin starts out at zero and does not presume that there are any existing coins in circulation.   This would mirror the bankrupt state of the U.S. financial system at the time of TARP.

Do you recognize parody when you see it?

Alright, so in layman's terms this is basically a standard copy/paste coin release except the block volumes and intervals are based on the USD minting rate?

Does this also mean that there will be a 1.3 billion coin premine/genesis block or will those coins not exist?

[solracx]

Forgive me because I am not an economics major but I see some flaws with this proposal which you might be able to answer..

This coin is "based" on the US dollar(only because you claim it is) and you are saying that it will be "worth" 0.001 USD per coin.

First - where are you getting this made-up value?

Second - Let's say hypothetically that this coin succeeds down the road and miraculously the US government gets involved and says that it's a legitimate form of currency, suddenly you are *causing an immediate 0.1% inflation to the entire US dollar*. That means it won't happen.

Furthermore, there is currently 1.23 Trillion dollars in circulation in the US. Are you saying that you are releasing 1.230 Quadrillion coins right off the bat to match it?

If so, that would be the highest number of coins released in a single cryptocurrency and with the systems you have in place, there is no theoretical limit to how many will be created.

The system makes no sense, feels like a scam. Prove me wrong.

Edit: Adjusted values for accuracy.

We are merely following the prescription of the Federal Reserve in its Quantitative Easing strategy.   So, we mirror the amount and scheduling of the minting of coins in our algorithm.   The technique of following the patterns of a successful process is called a 'cargo cult' process.

If 1.23 trillion USD is created by Quantitative Easing, the 1.3 billion (not quadrillion) coins will be created.  

The coin starts out at zero and does not presume that there are any existing coins in circulation.   This would mirror the bankrupt state of the U.S. financial system at the time of TARP.

Do you recognize parody when you see it?

Alright, so in layman's terms this is basically a standard copy/paste coin release except the block volumes and intervals are based on the USD minting rate?

Does this also mean that there will be a 1.3 billion coin premine/genesis block or will those coins not exist?

The block rate is based on the Federal Quantitative Easing schedule, compressed in time line by 1/5th of the original time and by 1/1000th of the original currency.

As mentioned in the quote,  the coin starts at zero.

[solracx]

impressed with the initial response.

if you are familiar with what this coin is about..... then you know that this is going to be really huge!

it could make dogecoin look like.... well a dog.

[sighle]

Forgive me because I am not an economics major but I see some flaws with this proposal which you might be able to answer..

This coin is "based" on the US dollar(only because you claim it is) and you are saying that it will be "worth" 0.001 USD per coin.

First - where are you getting this made-up value?

Second - Let's say hypothetically that this coin succeeds down the road and miraculously the US government gets involved and says that it's a legitimate form of currency, suddenly you are *causing an immediate 0.1% inflation to the entire US dollar*. That means it won't happen.

Furthermore, there is currently 1.23 Trillion dollars in circulation in the US. Are you saying that you are releasing 1.230 Quadrillion coins right off the bat to match it?

If so, that would be the highest number of coins released in a single cryptocurrency and with the systems you have in place, there is no theoretical limit to how many will be created.

The system makes no sense, feels like a scam. Prove me wrong.

Edit: Adjusted values for accuracy.

We are merely following the prescription of the Federal Reserve in its Quantitative Easing strategy.   So, we mirror the amount and scheduling of the minting of coins in our algorithm.   The technique of following the patterns of a successful process is called a 'cargo cult' process.

If 1.23 trillion USD is created by Quantitative Easing, the 1.3 billion (not quadrillion) coins will be created.  

The coin starts out at zero and does not presume that there are any existing coins in circulation.   This would mirror the bankrupt state of the U.S. financial system at the time of TARP.

Do you recognize parody when you see it?

Alright, so in layman's terms this is basically a standard copy/paste coin release except the block volumes and intervals are based on the USD minting rate?

Does this also mean that there will be a 1.3 billion coin premine/genesis block or will those coins not exist?

The block rate is based on the Federal Quantitative Easing schedule, compressed in time line by 1/5th of the original time and by 1/1000th of the original currency.

As mentioned in the quote,  the coin starts at zero.

I see. I appreciate your patience with my questions but I think it's important that these things be *approachable* if you want them to be popular. dogecoin is about as approachable as it gets and look how successful it's been(as far as exposure and activity).

When you start throwing around financial jargon and terms that most people don't understand, things become less approachable and people won't get involved with things they don't understand.

That's why I spoke earlier "in layman's terms" because you need to get to the core of what you're doing.

So.. True or False; This coin is a scrypt copy/paste coin with block targets and sizes arbitrarily based on the USD "Quantative Easing" program. The value you've given it only serves as a way to decide block sizes, not necessarily the coin's actual value and the coin doesn't offer anything new on the technical side.

[solracx]

Forgive me because I am not an economics major but I see some flaws with this proposal which you might be able to answer..

This coin is "based" on the US dollar(only because you claim it is) and you are saying that it will be "worth" 0.001 USD per coin.

First - where are you getting this made-up value?

Second - Let's say hypothetically that this coin succeeds down the road and miraculously the US government gets involved and says that it's a legitimate form of currency, suddenly you are *causing an immediate 0.1% inflation to the entire US dollar*. That means it won't happen.

Furthermore, there is currently 1.23 Trillion dollars in circulation in the US. Are you saying that you are releasing 1.230 Quadrillion coins right off the bat to match it?

If so, that would be the highest number of coins released in a single cryptocurrency and with the systems you have in place, there is no theoretical limit to how many will be created.

The system makes no sense, feels like a scam. Prove me wrong.

Edit: Adjusted values for accuracy.

We are merely following the prescription of the Federal Reserve in its Quantitative Easing strategy.   So, we mirror the amount and scheduling of the minting of coins in our algorithm.   The technique of following the patterns of a successful process is called a 'cargo cult' process.

If 1.23 trillion USD is created by Quantitative Easing, the 1.3 billion (not quadrillion) coins will be created.  

The coin starts out at zero and does not presume that there are any existing coins in circulation.   This would mirror the bankrupt state of the U.S. financial system at the time of TARP.

Do you recognize parody when you see it?

Alright, so in layman's terms this is basically a standard copy/paste coin release except the block volumes and intervals are based on the USD minting rate?

Does this also mean that there will be a 1.3 billion coin premine/genesis block or will those coins not exist?

The block rate is based on the Federal Quantitative Easing schedule, compressed in time line by 1/5th of the original time and by 1/1000th of the original currency.

As mentioned in the quote,  the coin starts at zero.

I see. I appreciate your patience with my questions but I think it's important that these things be *approachable* if you want them to be popular. dogecoin is about as approachable as it gets and look how successful it's been(as far as exposure and activity).

When you start throwing around financial jargon and terms that most people don't understand, things become less approachable and people won't get involved with things they don't understand.

That's why I spoke earlier "in layman's terms" because you need to get to the core of what you're doing.

So.. True or False; This coin is a scrypt copy/paste coin with block targets and sizes arbitrarily based on the USD "Quantative Easing" program. The value you've given it only serves as a way to decide block sizes, not necessarily the coin's actual value and the coin doesn't offer anything new on the technical side.

This coin is targeted to financial folks who understand the financial jargon.  

If you are looking for a coin for the masses,  then maybe dogecoin is your coin.

The coin has the typical innovation that most coins out there have.   The primary difference is the use of the Federal Reserve's Quantitative Easing schedule.

However, the coin is similar in spirit to 'DogeCoin' in that this coin is based on a meme (but one targeted for financial folks).

[sighle]

Forgive me because I am not an economics major but I see some flaws with this proposal which you might be able to answer..

This coin is "based" on the US dollar(only because you claim it is) and you are saying that it will be "worth" 0.001 USD per coin.

First - where are you getting this made-up value?

Second - Let's say hypothetically that this coin succeeds down the road and miraculously the US government gets involved and says that it's a legitimate form of currency, suddenly you are *causing an immediate 0.1% inflation to the entire US dollar*. That means it won't happen.

Furthermore, there is currently 1.23 Trillion dollars in circulation in the US. Are you saying that you are releasing 1.230 Quadrillion coins right off the bat to match it?

If so, that would be the highest number of coins released in a single cryptocurrency and with the systems you have in place, there is no theoretical limit to how many will be created.

The system makes no sense, feels like a scam. Prove me wrong.

Edit: Adjusted values for accuracy.

We are merely following the prescription of the Federal Reserve in its Quantitative Easing strategy.   So, we mirror the amount and scheduling of the minting of coins in our algorithm.   The technique of following the patterns of a successful process is called a 'cargo cult' process.

If 1.23 trillion USD is created by Quantitative Easing, the 1.3 billion (not quadrillion) coins will be created.  

The coin starts out at zero and does not presume that there are any existing coins in circulation.   This would mirror the bankrupt state of the U.S. financial system at the time of TARP.

Do you recognize parody when you see it?

Alright, so in layman's terms this is basically a standard copy/paste coin release except the block volumes and intervals are based on the USD minting rate?

Does this also mean that there will be a 1.3 billion coin premine/genesis block or will those coins not exist?

The block rate is based on the Federal Quantitative Easing schedule, compressed in time line by 1/5th of the original time and by 1/1000th of the original currency.

As mentioned in the quote,  the coin starts at zero.

I see. I appreciate your patience with my questions but I think it's important that these things be *approachable* if you want them to be popular. dogecoin is about as approachable as it gets and look how successful it's been(as far as exposure and activity).

When you start throwing around financial jargon and terms that most people don't understand, things become less approachable and people won't get involved with things they don't understand.

That's why I spoke earlier "in layman's terms" because you need to get to the core of what you're doing.

So.. True or False; This coin is a scrypt copy/paste coin with block targets and sizes arbitrarily based on the USD "Quantative Easing" program. The value you've given it only serves as a way to decide block sizes, not necessarily the coin's actual value and the coin doesn't offer anything new on the technical side.

This coin is targeted to financial folks who understand the financial jargon.  

If you are looking for a coin for the masses,  then maybe dogecoin is your coin.

The coin has the typical innovation that most coins out there have.   The primary difference is the use of the Federal Reserve's Quantitative Easing schedule.

However, the coin is similar in spirit to 'DogeCoin' in that this coin is based on a meme (but one targeted for financial folks).

And it's supposed to be huge? Ok. Good luck.

[eddilicious]

I found the historical LIBOR rates. 

This will be used to calculate the interest rates for the Proof of stake calcuations.  http://www.fedprimerate.com/libor/libor_rates_history.htm

have you not heard libor is manipulated by PDs?

[solracx]

I found the historical LIBOR rates. 

This will be used to calculate the interest rates for the Proof of stake calcuations.  http://www.fedprimerate.com/libor/libor_rates_history.htm

have you not heard libor is manipulated by PDs?

yeah, I heard that, this is the historical (of course manipulated) rates.

we try our best to replicate the original conditions. ;-)

[theomoplatapus]

So how is this different from Bernankoin?

[solracx]

So how is this different from Bernankoin?

Bernanke isn't the Fed chairman anymore.  So that coin is obsolete.  ;-)

[procrypto]

Confused as to why you chose the ZH moniker.

This would be like launching a vegetarian restaurant that only served meat.

[solracx]

Confused as to why you chose the ZH moniker.

This would be like launching a vegetarian restaurant that only served meat.

Because, buying a crypto currency is like shorting the USD.

If you buy BTC,  are you long or short USD?   You are short USD.   So this is equivalent to shorting QE.

The ZH moniker is surprisingly accurate.

[awais3344]

interested 

[KKomygod]

Good site too
http://www.zerohedge.com/

waiting for official announcement from zerohedge...

[Hippie Tech]

Confused as to why you chose the ZH moniker.

This would be like launching a vegetarian restaurant that only served meat.

Because, buying a crypto currency is like shorting the USD.

If you buy BTC,  are you long or short USD?   You are short USD.   So this is equivalent to shorting QE.

The ZH moniker is surprisingly accurate.

What happens when you mine / buy ZTC ?

The URFKD moniker dead freakin on.

[Hippie Tech]

Yup.. URFKD it is !

Hi again..

I am no longer worried about the multi pools raiding this coin because of how few coins they will make per visit. Even with 24 ZTC per block, the users will demand its removal from the list for various reasons.

ZTC would have to be extremely over valued for this to be otherwise.

Please go to reddit and vote up the ZenithCoin request to include in coinedup.   http://www.reddit.com/r/CoinedUp

Give me a legitimate reason to, and I will.

When will the 1000 ghash go online ?

HT xD

Because if you don't, then there's no way to cash out.

The 1000 ghash promo has been suspended for lack of interest.

With statements like that, the only thing being 'cashed out' here is your reputation.

HT xD

[MsCollec]

any new updates