Paye (Alt Currency) - a different type of currency - an idea.

[General]

Hello everyone.

I'm currently developing "Paye"

It will have 1,000,000 units.

The units are randomly given out each time an account is created.  1 - 1,000 units will be given out (at random) until they have all been distributed.

The units will be given out for 365 days -- after 365 days have ended all 1,000,000 units will have been distributed.

This is not a crypto-currency.  It doesn't rely on cryptography.

While Bitcoin is valued by rarity & labor, Paye will be valued by only rarity.

Paye is web-based and will have an Android OS & iOS app weeks or months after the beta is released.

The main goal of Paye is to enable people that aren't tech-savvy to get into e-currency & acquire e-currency without knowing how to configure hardware or join a "mining" pool.

--

Let me know if you have any questions and I will do my best to answer them.

This is an experiment -- it could be a huge flop or thrive for years.

Thanks.

[General]

Post reserved for future usage.

[blueangel01]

What if I created 1,000 accounts for myself? Then it would not be fair for the rest who created only 1 accounts.  i do like the idea, better than other copy alt-coins.  I really hope you can create an algorithm that distributes the coin fairly to others.

Good Luck!

I hope someone could develop a coins that have  a 3D image, and not just a logo. Each coin will be unique like a protein in the protein-folding.

[etlase3]

This is not a crypto-currency.  It doesn't rely on cryptography.

Then how are transactions initiated? Would it just be a centralized server with accounts? That won't interest many here at all.

[General]

What if I created 1,000 accounts for myself? Then it would not be fair for the rest who created only 1 accounts.  i do like the idea, better than other copy alt-coins.  I really hope you can create an algorithm that distributes the coin fairly to others.

Good Luck!

I hope someone could develop a coins that have  a 3D image, and not just a logo. Each coin will be unique like a protein in the protein-folding.

There will be measures in place to prevent the making of many accounts by the same person or entity.

This is not a crypto-currency.  It doesn't rely on cryptography.

Then how are transactions initiated? Would it just be a centralized server with accounts? That won't interest many here at all.

The code will be open-source.  The database (of trans.) will be available to the public.

Transactions are initiated from the account.  Transactions are irreversible.

[etlase3]

The code will be open-source.  The database (of trans.) will be available to the public.

Transactions are initiated from the account.  Transactions are irreversible.

You didn't answer the question.

[General]

The code will be open-source.  The database (of trans.) will be available to the public.

Transactions are initiated from the account.  Transactions are irreversible.

You didn't answer the question.

Let me know if you have any questions and I will do my best to answer them.

[etlase3]

Well you said you're developing it, and you said it doesn't use cryptography. Will it then be a centralized server such as Paypal where you have final control over everything? Because if it is going to be decentralized, you are going to need some heavy cryptography.

[General]

Well you said you're developing it, and you said it doesn't use cryptography. Will it then be a centralized server such as Paypal where you have final control over everything? Because if it is going to be decentralized, you are going to need some heavy cryptography.

Never said it doesn't use cryptography.

It doesn't rely on cryptography.

[etlase3]

Yeah ok, move along, nothing to see here.

[MsCollec]

RESERVED

[General]

Yeah ok, move along, nothing to see here.

Just responding according to the brevity of your post.