PLATINUM BARS Launching 18th January 2014

[clackersmaracas]

http://www.commonwealthcoins.org/img/exports/platinumbar/splash.jpg
PlatinumBars
Real Asset Based Currency

Release date: UPDATE DELAYED TO 00.00PM MIDNIGHT GMT, 25th January/26th January 2014

Coin Information

PlatinumBars (also known as PlatinumBullion, PlatinumIngots, Silver  and TruePlatinum)
This new “Alt-Coin” is part of a brand new group of asset based crypto currency including GoldBar and SilverBar supported by real gold, silver and platinum.
We see Gold, Silver and Platinum as potential real payment systems in the future, unlike most coins however our premine will be invested in real Gold, Silver and Platinum to give long term real world value to our currencies.

Our PlatinumBars are created to be mined across a 50 year period ensuring these are always in demand, always rare and will ensure a greater value whether its person to person or on an exchange. Each of our only 6,000,000 (6 million) bars represents all of the platinum bars currently ingotted and stored in any part of the world and bars yet mined from the precious earth).

Due to the potential high value of these bars, we will offer a secure storage facility for your platinum coins when mined to ensure that you never lose these valuable deposits.

Value

The value of One Bar Of Platinum in real terms is over $460,000 dollars compared to Gold ($600,000 dollars per bar) and Silver ($1,380 dollars per bar), what will our cryptocurrency be valued to.......?

Mining

- 1 minute block target
- 5 Confirms per transaction
- Difficulty re-targets every 60 minutes
- Block reward 0.01 estimated (may be higher)
- Total coin supply: 6,000,000 (6 million - one for every bar in storage and mass awaiting mining)
- Scrypt


- Premine: 3.5%
An estimated Pre-Mine of 3.5% is required for the purpose of retaining and investing in real, actual gold deposits which will increase the value of your coins in the future*. Of this 3.5% around 0.5% - 1% will be kept for promotions, currency development and ensure future giveaways and use to make a positive difference to the world by relieving poverty, providing financial opportunities and improving real world social problems through donations, work and provision of opportunity.

Our coin has been minted (compiled pending launch)

Wallets ready on launch;

Linux wallet (ready)
Mac wallet (ready)
Windows wallet (being finalised)

Pools:

Please contact us at info@commonwealthcoins.org if you wish to have your pool added

Hashasaurus: http://platinum.hashasaurus.com (available for signup on Saturday 18th January)

FAQ:

#1. - Question: When and where can we download the wallets.
#1a. - Answer: Our wallets will be available to download from our website and linked to from a number of websites including here as soon as possible and in advance of coin launch.

#2. - Question: Why GoldBars, SilverBars and PlatinumBars
#2a. - Answer: We understand that there may be considerable value in our coins whos aim is to directly replicate the use of gold, silver and platinum in society into a virtual cryptocurrency

#3. - Question: Will Gold, Silver and Platinum be on the exchanges
#3a. - Answer: We are confident that these belong on the exchanges and will be making an application to major exchanges upon launch.

Other:

Blockchain: TBC (will be available upon launch)

Forum: TBC

Website: http://www.commonwealthcoins.org

Anything else please contact us via private message or via email at info@commonwealthcoins.org

[pmm123]

- Premine: 3.5%
An estimated Pre-Mine of 3.5% is required for the purpose of retaining and investing in real, actual gold deposits which will increase the value of your coins in the future*. Of this 3.5% around 0.5% - 1% will be kept for promotions, currency development and ensure future giveaways and use to make a positive difference to the world by relieving poverty, providing financial opportunities and improving real world social problems through donations, work and provision of opportunity.

DEAD
BYE

2,5% FOR YOU AJJAJA GL

[Ferris419]

Why why why release a coin with a huge premine?!? Good luck but you can consider this coin dead!!

[cremstopper]

So it takes 50 years for the rest of us to mine ours, yet you will have yours immediately. No thanks.

[neuroMode]

So it takes 50 years for the rest of us to mine ours, yet you will have yours immediately. No thanks.

Exactly my thoughts too.

[tokyoghetto]

scamcoin. you people have been warned.

[itsallpc]

platinum and gold bars same day / same 3.5% premine no thanks

[bctmasterer]

Same as gold bars, way to high premine

6,000,000 bars at 3.5% premine is 210,000 bars premine.

0.01 bars per block.

1 block per minute.

1440 blocks per day.

525600 blocks per year.

5256 bars per year.

It will take 39.95 years for the public to mine as much as your premine.

[pjr77]

3.5% ?? GREED IS STRONG WITH THIS ONE !!!

[cremstopper]

Same as gold bars, way to high premine

6,000,000 bars at 3.5% premine is 210,000 bars premine.

0.01 bars per block.

1 block per minute.

1440 blocks per day.

525600 blocks per year.

5256 bars per year.

It will take 39.95 years for the public to mine as much as your premine.

Wow, if that's right, then these three coins are all a complete waste of time.

[michaelsss]

oh,god.

DEV will luanch another coin at same time
https://bitcointalk.org/index.php?topic=412535.new#new


scamer!!!

[tangle]

Scamshitcoin

[defaced]

youch that premine man

[delphs]

wtf is with people pre-mining...

"for development and contest and promo" WHATEVER, coin has no value until people are into it and you're stealing all the coins upfront so people can't get into it...

backward retarded coin

[axxian]

Same as gold bars, way to high premine

6,000,000 bars at 3.5% premine is 210,000 bars premine.

0.01 bars per block.

1 block per minute.

1440 blocks per day.

525600 blocks per year.

5256 bars per year.

It will take 39.95 years for the public to mine as much as your premine.

LOL? 40 years !!! wow these dev... truly amazing.....

[Catswold]

No.

[cryptohunter]

this guys is trolling....

he is releasing about 10 coins on the same day


hopefully a shill account for a senior member illustrating how stupid it's all getting.


People should release 20 coins a day each....

[UNOE]

Scam

Please don't support this junk

[Turpomann]

I predict windows wallet won't be ready at the launch and linux users instamine the shit out of it.

[kaiMCsquare]

there should be a requirement for ANNs to have a poll to outright just vote to delete announcements of such horrible coins like this one. and ban the user's IP for good measure.

this kind of scam coins are HURTING US ALL.

we as a community need to stick up for ourselves instead of letting all these snake oil salesmen run amok in our young market.