[ANN] Levelcoin - Proof of Stake / Proof of Burn Hybrid - Inflation Immune

[vtbean79]

Interesting.  Good luck and I'll be waiting to see more stuff come out of this project soon.   

[Level Coin]

As an investor I would feel more at peace if the Dev had a team instead of just him, which is like a single point of failure- leaving those who invested left holding the bag. I'll keep my options open w/ this project.

I am working on gathering a team.

[Anotheranonlol]

They may or may not. I will pose my case and they will likely pose theirs. Levelcoin complies with every single one of their guidelines.
Should the Kickstarter fail, then I will just post the resources meant for Kickstarter, here in this thread. I will then likely use PayPal.

may be so, however it's still likely your kickstarter application will be rejected.

[techguy]

Hello Bitcointalk!

Level 1 (LV1) coins are the name of the currency that will be distributed via the pre launch fundraiser. These are the coins that will be on exchanges and can be bought and sold. These coins will generate 1 additional LV1 coin per week for every 1,000 LV1 coins that you own (updates fractionally on the blockchain every 15 seconds and are rounded up to the nearest millionth). This means that in one year of holding 1,000 LV1 coins, you will receive roughly 50 LV1 coins, or 5% per annum. Doesn't seem like much? Keep reading.

Level 2 (LV2) coins can only be obtained by burning Level 1 coins. For every 1,000 LV1 coins that are burned you will receive one LV2 coin. These coins can not be exchanged, sold, or discarded by any means and will be attached to the wallet indefinitely. Each LV2 coin will generate five LV1 coins per week. In one year of holding one single LV2 coin, you will receive roughly 250 LV1 coins. This equates to an increase of 25% per annum. Much better isn't it?

Wonderful concept.

[sinnyc]

They may or may not. I will pose my case and they will likely pose theirs. Levelcoin complies with every single one of their guidelines.
Should the Kickstarter fail, then I will just post the resources meant for Kickstarter, here in this thread. I will then likely use PayPal.

may be so, however it's still likely your kickstarter application will be rejected.

Has there ever been a cryptocurrency Kickstarter campaign?

[Level Coin]

They may or may not. I will pose my case and they will likely pose theirs. Levelcoin complies with every single one of their guidelines.
Should the Kickstarter fail, then I will just post the resources meant for Kickstarter, here in this thread. I will then likely use PayPal.

may be so, however it's still likely your kickstarter application will be rejected.

Has there ever been a cryptocurrency Kickstarter campaign?

Not to my knowledge.

[FrictionlessCoin]

We discovered your idea and really like it.

Therefore we are incorporating this idea with our new coin NEX.

https://bitcointalk.org/index.php?topic=422052

The coin is in active development,  if you would like to contribute your expertise,  please let us know.

[Level Coin]

We discovered your idea and really like it.

Therefore we are incorporating this idea with our new coin NEX.

https://bitcointalk.org/index.php?topic=422052

The coin is in active development,  if you would like to contribute your expertise,  please let us know.

How are you planning to incorporate it?

[pandaisftw]

Is this you? http://www.linkedin.com/pub/david-elsinger/9/945/356

I don't see any coding experience, so is this something you picked up, but forgot to add in your profile?

Nevertheless, this sounds interesting, but I may hold off on investing until I see some indication you actually have something to back up your claims.

[FrictionlessCoin]

We discovered your idea and really like it.

Therefore we are incorporating this idea with our new coin NEX.

https://bitcointalk.org/index.php?topic=422052

The coin is in active development,  if you would like to contribute your expertise,  please let us know.

How are you planning to incorporate it?

NEX is an entirely new implementation built from the ground up. 

The first part of the protocol (we call it NIC, NEX Invest Coin) works like a Proof of Stake coin.

The second part of the protocol (we call it NEC, NEX Enterprise Coin) is straight forward since it is just an atomic translation of NIC to NEC.  It is also a proof of stake on the NEC side.

[pandaisftw]

We discovered your idea and really like it.

Therefore we are incorporating this idea with our new coin NEX.

https://bitcointalk.org/index.php?topic=422052

The coin is in active development,  if you would like to contribute your expertise,  please let us know.

How are you planning to incorporate it?

NEX is an entirely new implementation built from the ground up. 

The first part of the protocol (we call it NIC, NEX Invest Coin) works like a Proof of Stake coin.

The second part of the protocol (we call it NEC, NEX Enterprise Coin) is straight forward since it is just an atomic translation of NIC to NEC.  It is also a proof of stake on the NEC side.

Damn OP, frictionless just took your idea, renamed it and then called it his own... I spot a trend going on here. But hey, maybe he'll provide free alpha/beta testing for you

[FrictionlessCoin]

We discovered your idea and really like it.

Therefore we are incorporating this idea with our new coin NEX.

https://bitcointalk.org/index.php?topic=422052

The coin is in active development,  if you would like to contribute your expertise,  please let us know.

How are you planning to incorporate it?

NEX is an entirely new implementation built from the ground up. 

The first part of the protocol (we call it NIC, NEX Invest Coin) works like a Proof of Stake coin.

The second part of the protocol (we call it NEC, NEX Enterprise Coin) is straight forward since it is just an atomic translation of NIC to NEC.  It is also a proof of stake on the NEC side.

Damn OP, frictionless just took your idea, renamed it and then called it his own... I spot a trend going on here. But hey, maybe he'll provide free alpha/beta testing for you

I posted attribution to this thread. 

It indeed is a good idea.  So that is why we are adopting it for the NEX coin.   

[hypersire]

We discovered your idea and really like it.

Therefore we are incorporating this idea with our new coin NEX.

https://bitcointalk.org/index.php?topic=422052

The coin is in active development,  if you would like to contribute your expertise,  please let us know.

How are you planning to incorporate it?

NEX is an entirely new implementation built from the ground up. 

The first part of the protocol (we call it NIC, NEX Invest Coin) works like a Proof of Stake coin.

The second part of the protocol (we call it NEC, NEX Enterprise Coin) is straight forward since it is just an atomic translation of NIC to NEC.  It is also a proof of stake on the NEC side.

Damn OP, frictionless just took your idea, renamed it and then called it his own... I spot a trend going on here. But hey, maybe he'll provide free alpha/beta testing for you

I posted attribution to this thread. 

It indeed is a good idea.  So that is why we are adopting it for the NEX coin.   

You are adopting it for the NEX coin because you are a parasite with absolutely 0 coding abilities. You simply scour these forums for people who are truly innovative (like the person starting this project), and then copy their ideas and/or code because you are incapable of creating anything by yourself.

First you demanded that Come-From-Beyond hand over the Nxt code, and now you are trying to squeeze help and/or code out of Levelcoin. You literally make me sick to my stomach.

[sinnyc]

They may or may not. I will pose my case and they will likely pose theirs. Levelcoin complies with every single one of their guidelines.
Should the Kickstarter fail, then I will just post the resources meant for Kickstarter, here in this thread. I will then likely use PayPal.

may be so, however it's still likely your kickstarter application will be rejected.

Has there ever been a cryptocurrency Kickstarter campaign?

Not to my knowledge.

IMHO, it would be a big thing if Kickstarter accepts the project.  It would give a lot of visibility and provide an entry point for a lot of people who may have heard terms like "Bitcoin", "virtual currency", and so on but remain clueless about how to learn more and get involved.  Best of luck to you!

[stuartcharles]

Below is a quote from the opening of your thread

As a disclaimer, I will not be holding any of this currency so there will be absolutely zero dilution. My funding will be entirely based on pre launch fundraiser. Currently I am in the coding phase, there are still some kinks to work out and I have to apply every scenario possible to ensure that this system is not exploited in any way, though from what I have tested thus far it seems highly unlikely.

If you are not holding any of the coin what will be your incentive to keep the development going after launch?

[FrictionlessCoin]

You are adopting it for the NEX coin because you are a parasite with absolutely 0 coding abilities. You simply scour these forums for people who are truly innovative (like the person starting this project), and then copy their ideas and/or code because you are incapable of creating anything by yourself.

First you demanded that Come-From-Beyond hand over the Nxt code, and now you are trying to squeeze help and/or code out of Levelcoin. You literally make me sick to my stomach.

Let me guess, you're a Nxt supporter.

[Secondleo]

You are adopting it for the NEX coin because you are a parasite with absolutely 0 coding abilities. You simply scour these forums for people who are truly innovative (like the person starting this project), and then copy their ideas and/or code because you are incapable of creating anything by yourself.

First you demanded that Come-From-Beyond hand over the Nxt code, and now you are trying to squeeze help and/or code out of Levelcoin. You literally make me sick to my stomach.

Let me guess, you're a Nxt supporter.

It's a valid question.

By the way. Can you be booked? You're hilarious

[Labteck]

Retarded people like me that didn't understand the level thing ,can join too?

[figi.tvar.odvisnik]

Interesting CONCEPT! Will buy some levelcoins soon

[xibeijan]

What about the supply of LV2 coins?  Are they Inflation Immune?

This is a serious concern.