BITLAND: NEXT GENERATION CRYPTO ASSETS & CURRENCY
Please take sometime to read!! Nakamoto inspired us all, his ideas gave birth and inspiration to BitLand!
What is BitLand? BitLand is a Next Generation Cryptographic Asset & Currency ecosystem. Bitland is a revolutionary new concept which will change the world and cryptocurrencies. This is the next step and next evolution of Crypto, it is not just a currency system but also an Cryptographic assets system!
Real world problems:--Housing and Land is unaffordable
--Real-world assets are monopolized by corrupt corporations and government
--Resources which belong to the people such as oil, gas, agriculture, minerals, have been looted by massive anti-free market corporations and governments
--Hard Working people are unable to afford real world assets anymore, Land, realestate, resources, minerals, etc are ALL out of reach for the working man.
--Owning assets requires massive debt for the vast majority of the population
--inaccessibility to real world assets and resources has created increased levels of poverty
--Inflation, cost of living, are ruining lives and creating debt slavery
--Few accessible commodities such as gold and silver are largely manipulated where the corrupt only benefit.
All these problems gets you thinking, what can we do about it ? Nakamoto solved the problem of fiat Currency but what can we do about assets? Why can't the normal hard working individual reap his/her rewards anymore and actually enrich their lives by buying assets without going in debt, why is it just a dream that will most likely never happen.
This is where BitLand is born, BitLand is the first next generation Cryptographic Asset ecosystem, where you can buy,sell,invest, own Cryptographic Assets, resources and currency!
BitLand, how does it work?--BitLand is exactly what it is, land ! However it is based on crytpo
--Built from scratch
--Fully Anonymous. Anonymity will be a major factor
--BitLand will have its own De-centralized Exchange
--BitLand is composed of a mix of next generation POS+POW concepts.
--BitLand will generate "Deeds" , Deeds is a software license that is also the main engine behind BitLand.
--Deeds will enable the BitLand ecosystem, inside the ecosystem there will be multiple assets and resources such as BitOil, BitHomes, BitEnergy, BitRareEarth, among many many others.
--Crypto-Contracts will be part of the ecosystem, secure crypto contracts will insure terms between parties are signed and met and can be used for legal purposes.
What are deeds?--Deed owners will OWN BitLand.
--Deed owners will always automatically receive a percentage of ALL and every transaction within BitLand, including any resources found within the ecosystem or any Crytpo Realestate constructed.
--BitLand deeds will be traded in an exchange
--BitLand Deeds can be leased!
--There is a Finite amount of land which is FIXED, all Deeds will be generated ONCE and traded
--Land cannot be Mined, however resources within BitLand can be mined and realestate can be constructed
--Only 4Million Land deeds will ever be created
Resources & Real estate:--The BitLand Ecosystem will compromise of various multiple resources
--Resources will be "discovered" part of a unique exploration system which rewards miners
--You can build or trade realestate in BitLand
--Some resources will be rare, some will be abundant depending on the type.
Construction:--Construction requires Land, in order for you to construct realestate you will require to own some land (deeds) to construct on. The amount of realestate is limited to the amount of Land you hold
--Construction will compose of unique algorithm similar to mining where you can use your machines to build your own Crypto Realestate
--Realestate will be income generating as the ecosystem grows in size.
Revolutionary Mining concept:--Miners will be able Mine resources such as BitOil, BitRareEarth, BitWater and various other resources
--Some mining components will require resources to operate!!
--Mining is merged with "EXPLORATION" , this means BitLand System will CREATES resources and release them in the system. Explorers of the resource will get larger percentage of discovered resource.
Mining will be cross platform:--Mining will be available for everyone! Why should mining be only restricted to ASIC or GPU owners?!
--Mining will be available for asics, GPU, CPU, consoles and MOBILE processors! Yes you can mine and construct from your mobile phone. This gives everyone a chance to mine
Corporations:--People will be able to setup Corporations within the BitLand ecosystem
--Energy coprations, realestate corporations etc
--Corporations can own various assets or land and can buy/sell these crypto assets
--Corporations will be used to liquidate your assets to real-world assets
Real World liquidation:Via Corporations, individuals will be able to liquidate their assets into real world assets. For example you can setup a shop that allows you convert to fiat and realestate in any country in the world.
Currencies:--Currency integration will include Bitcoin,Litecoin, eMunie and many more.
--This means you can trade resources, assets and land using various Currencies
Simulator:-- A distant plan to create a simulation system where people can view BitLand in a 3D crytpographic world
Checks and balances:The BitLand system will create FREEMARKET ethical checks and balances to insure no individual or corporation has too much control.
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Code Language:BitLand will be based of C++, JAVA and Ruby for Web apps.
Next gen Exchange system:Decentralize WEB-BASED exchange system also client will be available.
Anyone who owns BitLand deeds can launch their decentralized exchange, yes anyone!
Release date:--As of now April 2014 is the planned launch date.
--Website and community to be launched
How will BitLand be allocated:-- On launch 50% of all BitLand will be allocated to donors in form of Deeds. Deed owners earn percentage of all income generated within the BitLand ecosystem Please read above for more details on deeds. The first 50% is exclusive for donors and will be split among donors as per donation ratio.
--The other 50% of BitLand will be released on launch and traded at the price the market decides at the time.
--50% - 50% split is to create fairness.
--Total Number of BitLand 4Million land deeds, this will never be increased as crypto land is finite.
Risk:As with all projects digital or real world, the risk of failure is always a reality, Only donate if you can afford to.
Donations:BitLand is opensource donationware.
In order to make this happen, donations are required. The plan is to limit the total Donation amount to 10 BTC as to not take more donations than currently required, donations will be shutdown after this limit.
If you like this concept, please send BTC to below address and a PM with the transaction ID so you can be identified as a donor:
1MpBVoFby4CtDRNmbBEk7ZESUuRJw24oLEMore donation options will be added like litecoin soon
it may take time to respond to you, please be patient!
Support:--There will be various ways for people of all backgrounds to support this project!! if you are interested express it in this thread!!
--This thread will be updated with more info!
