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dickwhite
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March 31, 2015, 01:17:48 AM |
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I've gotten in contact with presstab and he quoted me his price and said it should be do-able.
I am willing to pay him, to have this revival made possible, but it will require that enough people think me sane enough to follow my lead.
So, this is where it gets interesting... explaining my plan of action.
This coin will be a direct purchase currency. Tea and herbal tea. It has no BTC nor USD value (how can it, initially?). It's base numeration is 10 coin for 1 teabag (sample). Beyond that, it's whatever the seller and buyer (the "market") agree to. This is where an equilibrium is established over time. Shipping is also covered by an extra number of these coin (I'm thinking 100+), based on what the seller decides is fair compensation for shipping the product to the buyer (which is in USD/Euros, etc.), since they will use said coin to buy tea from someone else in the network. If you do not like drinking tea/herbal tea, there is no reason to get involved. Ideally, every seller should be a drinker, to make the most effective network. Why hold coin you have no use for (i.e you don't like/drink tea) and hs no value outside of this specific network?
The easiest way to make this network simple, is to have everyone grow/make their own herbal teas. I grow lemongrass, mint, lavender, etc., which can all be used/blended to make herbal teas. I will gladly be the first to ship a sample to anyone within the USA for 10 + 100 (110 total price) of said coin, when we get the network established and enough people on board to make this project viable.
The idea is to have enough coins to exchange for product (tea), generated through communication and purchases, but not 10's or 100's of thousands or millions of them. Being a Teacoin millionaire makes it difficult to establish value of the product. This project is all about building a tight-knit community around this coin and enjoying each other's tea blends and talking about it. Friendships, consumption, and communication. That's what I want this coin to build.
I seek to reestablish what Teacoin was MEANT to be used for, not what it became.
My wife nearly dissuaded me from this project, stating the loss of Fiat to ship a product sold for Crypto (she, herself, would not get involved), but that's why I say everyone who sells should also be a drinker, because, that way you can USE the coin to buy tea. If the "loss" of Fiat (to you) is greater than whatever value you would get out of this coin to buy tea (from another member) to drink, then this project is not viable for you.
It is my belief, that once this revived network gets established and grows enough, outside people (exchanges, other tea dealers, etc.) may establish an "outside value" (BTC, Doge, Litecoin, etc.) and it will be worth something beyond it's original intent.
But, even if it's "outside value" were to become monetarily worthless (as Teacoin has become, today), you would ALWAYS still be able to use it to buy tea and herbal teas from other people on the network.
Teacoin would *NEVER AGAIN* be ever, truely worthless. If you want tea... you like tea... you can always use your Teacoin to BUY tea. It's purpose will never be lost because it had no value monetarily.
Save your Fiat for something else... use Teacoin... TO BUY TEA!
I absolutely love the idea. I've often thought it ridiculous to have so many purposeless alt coins. Here is an opportunity to build a community of tea drinkers, facilitate trade, and give teacoin an actual legitimate mission. I think this is what alt coins were meant for. I'll definitely bookmark this thread and help in any way I can. Cheers. |
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Luposian
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March 31, 2015, 06:12:32 AM |
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I like your enthusiasm. But we need to spread the word. We need at LEAST 20-30 people (this will give me the foundation to warrant the expense of wallet programming) who not only like drinking tea, but also grow (or are willing to grow) the herbs to make their own herbal teas. If you have the expendable Fiat to do so, you can buy the ingredients to make teas/herbal teas and decide how much Teacoin to charge to compensate, for buying someone elses tea blends. It's up to each individual what they are willing to spend in Fiat to sell in crypto. But until (revived) Teacoin makes it back onto an exchange (we want it's value to be seen, for the tangible product it can buy, not just it's "crypto-concept"), Teacoin will be "worthless" except to buy the same as it's namesake, which is how I like it and why I'm doing this. Once the network is thoroughly established and enough people start talking about it, I'm sure someone is going to start promoting it to an exchange or two. That's when it's "secondary value" gets going. And, hopefully, it's secondary value will stay strong (or grow stronger) BECAUSE of it's established tangible value.
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dgmon
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March 31, 2015, 07:43:01 AM |
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Just discovered this coin. Hope it takes off again someday.
Would be interested in buying some TeaCoins for a little below market price if anyone's interested. PM me if so. Just 0.01 - 0.04 BTC-worth, not sure.
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Luposian
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March 31, 2015, 08:09:00 AM |
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I'm trying not to laugh... Teacoin is going for 1 Satoshi each. How do you sell/buy for LESS than 1 Satoshi? The only thing I can imagine is 2 Teacoin for 1 Satoshi.
My revival plan will create NEW Teacoin. If we can get interested OLD (current) Teacoin holders who want to BUY/SELL and DRINK Tea, based on my afore mentioned plan, then we MIGHT offer an exchange of OLD Teacoin for NEW Teacoin, but it would a very small amount of NEW Teacoin for a huge quantity of OLD Teacoins (which would be destroyed)... almost not even worth it. The new game plan involves only small quantities of NEW Teacoin to transact purchases (between 10-100 on average, I'm thinking). Thousands/millions of Teacoin are waaaaaay off the books!
Being a "Teacoin millionaire" is nigh meaningless now... there won't BE Teacoin millionaires on the new game field. And, you won't have to pay ANYTHING to GET the NEW Teacoins. Just chat and let rewards earn interest, til you have enough to buy some Tea! So, save your BTC... you won't need it, if this project gets off the ground.
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almightyruler
Legendary
 Offline
Activity: 2268
Merit: 1092
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April 01, 2015, 05:48:42 AM |
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I'm trying not to laugh... Teacoin is going for 1 Satoshi each. How do you sell/buy for LESS than 1 Satoshi? The only thing I can imagine is 2 Teacoin for 1 Satoshi. A coin which is traded against LTC or DOGE can have an effective market price lower than 1 Satoshi. |
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Luposian
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April 01, 2015, 07:19:50 AM |
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I'm trying not to laugh... Teacoin is going for 1 Satoshi each. How do you sell/buy for LESS than 1 Satoshi? The only thing I can imagine is 2 Teacoin for 1 Satoshi. A coin which is traded against LTC or DOGE can have an effective market price lower than 1 Satoshi. He said, "Just 0.01 - 0.04 BTC-worth, not sure." I took that at face value, him using BTC to buy Teacoin at it's current value of 1 Satoshi per coin. Had he mentioned LTC or Doge, that would have made the difference in my thinking. |
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Luposian
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April 01, 2015, 08:06:59 AM |
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I have an idea how to see if this whole, crazy idea of mine will actually work, before investing into a whole new wallet design. We can use OLD Teacoin... just a LOT less of them.
We create a new, closed Facebook group page called "Teacoin: Revived!" (or something similar). Get a nice title cover, something similar to the original Teacoin page, but not exactly the same. But it should look inviting and refreshing. Glass of iced Hibiscus herbal tea, on a nice table setting or something...
I need to get my Teacoin wallet up and synced. Hope that doesn't take forever.
Someone send me 1000 Teacoin. I'll give you 4,000 Satoshi for them. It's a penny ($0.01 USD) worth of Bitcoin, gained freely from Bitcoin faucets, so I'm more than glad to do it, to test out this idea. I have some herbal tea ingredients already. I can whip up a few teabags worth in the next few days, I'll be glad to sell for 10 (1 teabag worth) + 100 (shipping) Teacoin, to anyone in the USA.
We all agree to set an exchange standard of 10 TEA for 1 teabag worth of product we sell, plus 100 TEA for shipping.
We need sellers who are also buyers/drinkers. Preferably herbal tea, made at home, using ANY ingredients that are safe for making herbal teas. Test your product first, to make sure it actually tastes good. You should, preferably, grow your own ingredients, to limit Fiat expense to just shipping the product to someone else. Local (or relatively local) trade ranges should be established, to limit shipping expense. Those in the EU trade amongst themselves. Those in the USA, trade amongt themselves. Unless someone "across the pond" has a formulation that is a "MUST HAVE" (by rabid recommendation, by lots of buyers!), then buyer/seller can arrange the coin price.
If someone is familiar with making Facebook group pages, then they should be in charge of that. We can all meet/talk there and use that as a place for brainstorming, sharing ideas, ingredients, formulations (generalized recipes (just a list of ingredients, no amounts)); don't want to give away any "trade secrets", tho. (grin)) etc.
If this trial run gets enough momentum going, we can break out (how much time should we give? 6 months, starting in April/May?), to the real game!
Let's talk! I'm here!
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Luposian
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April 01, 2015, 08:56:26 AM |
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I open my wallet and it says "No block source available..." 61 weeks behind. I'm running Windows 7. How do I get things going?
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xaxuke
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April 01, 2015, 02:46:35 PM |
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I open my wallet and it says "No block source available..." 61 weeks behind. I'm running Windows 7. How do I get things going?
I have a new permanent teacoin node at 95.85.23.9 open your console and write addnode 95.85.23.9 add |
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dgmon
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April 01, 2015, 02:51:39 PM |
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I'm trying not to laugh... Teacoin is going for 1 Satoshi each. How do you sell/buy for LESS than 1 Satoshi? The only thing I can imagine is 2 Teacoin for 1 Satoshi. A coin which is traded against LTC or DOGE can have an effective market price lower than 1 Satoshi. He said, "Just 0.01 - 0.04 BTC-worth, not sure." I took that at face value, him using BTC to buy Teacoin at it's current value of 1 Satoshi per coin. Had he mentioned LTC or Doge, that would have made the difference in my thinking. Also I did imply that I was wishing to buy more than one Teacoin. For instance, if one were to buy 10 Teacoins at a price of 0.9 sat each, then one would pay 9 sat. |
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Miner-TE
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April 01, 2015, 03:26:30 PM |
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dgmon and Luposian, Post your Tea address and I'll send you both 1000 Tea.
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BTC - 1PeMMYGn7xbZjUYeaWe9ct1VV6szLS1vkD - LTC - LbtcJRJJQQBjZuHr6Wm7vtB9RnnWtRNYpq
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dgmon
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April 01, 2015, 04:05:06 PM |
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dgmon and Luposian, Post your Tea address and I'll send you both 1000 Tea.
Cool, not sure the mods like that kind of thing though. I'll PM you ;-) |
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Luposian
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April 01, 2015, 06:07:23 PM |
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I'm trying not to laugh... Teacoin is going for 1 Satoshi each. How do you sell/buy for LESS than 1 Satoshi? The only thing I can imagine is 2 Teacoin for 1 Satoshi. A coin which is traded against LTC or DOGE can have an effective market price lower than 1 Satoshi. He said, "Just 0.01 - 0.04 BTC-worth, not sure." I took that at face value, him using BTC to buy Teacoin at it's current value of 1 Satoshi per coin. Had he mentioned LTC or Doge, that would have made the difference in my thinking. Also I did imply that I was wishing to buy more than one Teacoin. For instance, if one were to buy 10 Teacoins at a price of 0.9 sat each, then one would pay 9 sat. My apologies. I wasn't thinking straight. I was thinking too linearly... as in, per coin. Well, you'll have 1000 anyways, once you get your Teacoin wallet sync'd. :-D |
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Miner-TE
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April 01, 2015, 06:38:00 PM |
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Tea sent.  enjoy a cup on me. |
BTC - 1PeMMYGn7xbZjUYeaWe9ct1VV6szLS1vkD - LTC - LbtcJRJJQQBjZuHr6Wm7vtB9RnnWtRNYpq
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Luposian
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April 03, 2015, 08:19:45 PM |
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This is NO Developer, so far as I know. The coin is 99% dead. The Facebook page is dead (no one posting/saying anything). The main site is gone... HOW MANY TIMES DO I HAVE TO SAY THESE THINGS? DOES NO ONE EVER READ EVEN A COUPLE PAGES BACK?!? ARRRRGH! Those that have Teacoin (including me, now... THANKS!), dare to find ANYPLACE to use them. Google every corner of the Internet. You will find only cobwebs and crickets chirping. Forums like this and one or two exchanges and a dead Facebook page are about the ONLY signs of life left in this coin. I want to see that change... but it won't, if we don't MAKE it happen. I have gotten in touch with presstab. If I can get enough people supporting a radical repurposing of Teacoin, I am willing to pay him to create a new (PoS) wallet for this. It requires we start making our own teas and selling them to others, who we also buy from. A close knit community of tea drinkers and sellers. We all becomes friends and acquaintances. That's the idea. Beyond that vision... I see NO hope. I have 1000 TEA. What am I going to do with them? Tell me. I'd really like to know. But I am willing to send some of them to someone who can make their own home-made herbal tea that I can buy. THAT is what I foresee as the "new purpose" for Teacoin... actually exchanging Teacoin... FOR TEA!!! What an absolutely novel concept! Whooda thunk it? :-D |
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dickwhite
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April 04, 2015, 12:30:28 AM
Last edit: April 04, 2015, 04:05:54 PM by dickwhite |
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This is NO Developer, so far as I know. The coin is 99% dead. The Facebook page is dead (no one posting/saying anything). The main site is gone... HOW MANY TIMES DO I HAVE TO SAY THESE THINGS? DOES NO ONE EVER READ EVEN A COUPLE PAGES BACK?!? ARRRRGH! Those that have Teacoin (including me, now... THANKS!), dare to find ANYPLACE to use them. Google every corner of the Internet. You will find only cobwebs and crickets chirping. Forums like this and one or two exchanges and a dead Facebook page are about the ONLY signs of life left in this coin. I want to see that change... but it won't, if we don't MAKE it happen. I have gotten in touch with presstab. If I can get enough people supporting a radical repurposing of Teacoin, I am willing to pay him to create a new (PoS) wallet for this. It requires we start making our own teas and selling them to others, who we also buy from. A close knit community of tea drinkers and sellers. We all becomes friends and acquaintances. That's the idea. Beyond that vision... I see NO hope. I have 1000 TEA. What am I going to do with them? Tell me. I'd really like to know. But I am willing to send some of them to someone who can make their own home-made herbal tea that I can buy. THAT is what I foresee as the "new purpose" for Teacoin... actually exchanging Teacoin... FOR TEA!!! What an absolutely novel concept! Whooda thunk it? :-D A good place to start is Reddit: https://www.reddit.com/r/teaThere are over 55000 tea drinkers in that sub. Propose your idea there and see what sort of response you get. The rules don't seem to forbid it. It wouldn't hurt to throw around a few coins as tips. If you need some, send me your teacoin address. I can always mine some more. Edit: Just been thinking more about this. Perhaps we should agree on and publish a project roadmap so that all can see what's going to transpire. Then, we can go out and promote the project and gather bodies. It just lends credibility. That would involve a new thread here as well, one that you control. As for your 1000 coins, I think they are worthless but to lay the foundation for Teacoin 2.0. There are just too many old coins floating around out there to have any hope of price stability. My idea for the new wallet is to ignore old coins and have you, the developer, distribute 1000 new coins to the first 1000 members of the new Teacoin Club, a 1,000,000 coin ICO if you will. With a POS rate of 10-20%, that should compensate for growth and lost coins, and promote price stability and savings. I emphasize this because we'll need exchanges where vendors can monetize their coins. No one wants to worry about volatility or speculation, just how to pay bills. That's reality. You'll also inevitably need to buy more coins when your stash runs out. Until we have a full Teacoin ecosystem, we still need exchanges. Transaction fees and/or a stake fee could be coded to support wallet development and such. It should all be transparent. This definitely can work, as a gathering for acquaintances with a common love for tea, and as a place to do business in a specific product and with a super efficient global payment system. I think the project will be more successful considering both. |
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Miner-TE
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April 04, 2015, 09:58:01 PM |
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Welcome other Teacoin Miners !!! Nice to see you on the chain.
"difficulty" : 1562.28636655
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BTC - 1PeMMYGn7xbZjUYeaWe9ct1VV6szLS1vkD - LTC - LbtcJRJJQQBjZuHr6Wm7vtB9RnnWtRNYpq
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Luposian
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April 04, 2015, 11:56:43 PM |
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This is NO Developer, so far as I know. The coin is 99% dead. The Facebook page is dead (no one posting/saying anything). The main site is gone... HOW MANY TIMES DO I HAVE TO SAY THESE THINGS? DOES NO ONE EVER READ EVEN A COUPLE PAGES BACK?!? ARRRRGH! Those that have Teacoin (including me, now... THANKS!), dare to find ANYPLACE to use them. Google every corner of the Internet. You will find only cobwebs and crickets chirping. Forums like this and one or two exchanges and a dead Facebook page are about the ONLY signs of life left in this coin. I want to see that change... but it won't, if we don't MAKE it happen. I have gotten in touch with presstab. If I can get enough people supporting a radical repurposing of Teacoin, I am willing to pay him to create a new (PoS) wallet for this. It requires we start making our own teas and selling them to others, who we also buy from. A close knit community of tea drinkers and sellers. We all becomes friends and acquaintances. That's the idea. Beyond that vision... I see NO hope. I have 1000 TEA. What am I going to do with them? Tell me. I'd really like to know. But I am willing to send some of them to someone who can make their own home-made herbal tea that I can buy. THAT is what I foresee as the "new purpose" for Teacoin... actually exchanging Teacoin... FOR TEA!!! What an absolutely novel concept! Whooda thunk it? :-D A good place to start is Reddit: https://www.reddit.com/r/teaThere are over 55000 tea drinkers in that sub. Propose your idea there and see what sort of response you get. The rules don't seem to forbid it. It wouldn't hurt to throw around a few coins as tips. If you need some, send me your teacoin address. I can always mine some more. Edit: Just been thinking more about this. Perhaps we should agree on and publish a project roadmap so that all can see what's going to transpire. Then, we can go out and promote the project and gather bodies. It just lends credibility. That would involve a new thread here as well, one that you control. As for your 1000 coins, I think they are worthless but to lay the foundation for Teacoin 2.0. There are just too many old coins floating around out there to have any hope of price stability. My idea for the new wallet is to ignore old coins and have you, the developer, distribute 1000 new coins to the first 1000 members of the new Teacoin Club, a 1,000,000 coin ICO if you will. With a POS rate of 10-20%, that should compensate for growth and lost coins, and promote price stability and savings. I emphasize this because we'll need exchanges where vendors can monetize their coins. No one wants to worry about volatility or speculation, just how to pay bills. That's reality. You'll also inevitably need to buy more coins when your stash runs out. Until we have a full Teacoin ecosystem, we still need exchanges. Transaction fees and/or a stake fee could be coded to support wallet development and such. It should all be transparent. This definitely can work, as a gathering for acquaintances with a common love for tea, and as a place to do business in a specific product and with a super efficient global payment system. I think the project will be more successful considering both. The thing is, since the wallet auto-generates new coins, based on each person's chats (conversations) and purchases (based on the minimum of 10 NEW Teacoin for a single teabag (sample) + 100 NEW Teacoin for shipping (you can mail out a teabag of herbal tea for probably the cost of a postage stamp anywhere in the USA)), you don't need a lot of coins for any of it. And the way I'll have the new wallet designed, the Rewarded TEA (from chats and purchases) earns 1% interest, per day. You chat in IRC or directly (wallet address-to-wallet address; like wallet Email) and the wallet rewards you for doing so. Communication and exchange is what earns NEW Teacoin. And, based on the above base value, you don't need much Teacoin to buy tea from people. You start out with nothing, and eventually have enough TEA to buy Tea from people! No money involved! Naturally, it will be determined mainly by supply/demand/review (yes, you could have a blend that everyone raves about (feedback) and people are willing to pay a lot more TEA for it, just to try it!). There are a lot of intricate details to the new wallet design (hopefully I can implement them all), but the biggest hurdle is getting enough people behind it, letting us know who will be buying and selling their teas (herbal teas can be made at home from home-grown herbs and such). As I've said before, I will gladly be the first one to sell one sample of my lemongrass tea for 10+100 NEW TEA, if/when this project gets rolling. But we need a list of names (people interested in doing this and becoming part of the new Teacoin network when the wallet is created). If we can get 30-40 people or more interested and willing, I am willing to pay a dev (presstab) to code the wallet to my specifications. If I am the one to be the name-keeper, here are the guidelines: 1) PM me with your name, city/state (if in the USA), or country. 2) Specify whether you want to be: a) Buyer only b) Mostly buyer, some selling c) Buyer/Seller - 50/50 split d) Mostly Seller, some buying Obviously, being ONLY a Seller is pointless, if the coin has no value outside of this community, which I imagine it won't. If this revived coin sees a surge of exchange interest/value ("outside value"), great, but that is not the intent of this project. This coin's primary purpose is to facilitate conversation and tea community! Nothing more. Nothing less. |
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almightyruler
Legendary
Offline
Activity: 2268
Merit: 1092
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April 05, 2015, 01:42:19 PM |
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I'm just quietly reading latest developments, enjoying the possible revival of this coin. One thing that sticks out - 1% interest per day? There seems to be potential for things to get way out of hand with that sort of return - your single teabag of 10 TEA would turn into 37 teabags (377 TEA) within a year. Surely such a massive ROI (3770% effective annual interest rate?) would encourage people to simply hold the balance in their wallets. I'm not an economist, so perhaps I'm missing something. |
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