[ANN] TeaCoin [TEA] -@Bittrex - Fast - 0 Premine - 2.5% inflation

[InceptionCoin]

What is the unique feature of this coin?

[Luposian]

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.

And... you plan to drink only 37 teabags worth of tea... during the entire year, right?  This coin's purpose is to buy tea you drink.  It's called *TEA*coin for that reason.  There is no "Return On Investment", as you don't need to pay ANYTHING for these coins.  The only "investment" is your time to talk to other Teacoin wallet users!  You CAN'T buy them!  You just chat (and let your reward for chatting, grow) until you have enough and buy tea when you have enough.

The idea is not to become "Teacoin wealthy" (you won't be possessing 10's of thousands or millions of Teacoin).  IF this coin ever develops "outside value" (via exchanges), then that's fine.  But it's intrinsic value... from the very start... is the simple concept that you like to drink tea (others in the network make) and/or want to sell your own, and want to exchange conversation and ideas about tea and herbal teas.  This (revived) coin would facilitate that.

Nothing more.  Nothing less.

People need to stop thinking that this coin's purpose is to make them money... it is NOT.  That ship has sailed and crashed into rocks and sank.  Look at where Teacoin is today, if you can.  If you don't like drinking tea, then you don't want this (revived) coin.  It really is THAT simple.

[Luposian]

What is the unique feature of this coin?

If, by "unique feature", you mean something to help make it have monetary value outside of tea exchange, it will have none.  The fact it will have intrinsic value for buying a tangible product is it's base value.  It could be as worthless as Teacoin is today (1 Satoshi) and still be worth a LOT to those who like to drink tea.

People need to stop thinking this (revived) coin is going to be like other coins.  It isn't.  That's not it's intended purpose.  It is not a coin to grow to thousands and millions and trade on an exchange and make dollars/euros/whatever.  It is designed to have enough to send someone else to buy their tea, to drink.

There will be no "Pump and Dump" possibility with this coin, because, even if you could, all it would buy... is more tea... and who wants to hold millions of a coin that can only buy one thing?  It's kinda silly.  You want enough to keep buying tea from people, not hoard tea in your basement, waiting for the apocalypse! :-D

When will people ever get the message?  *sigh*

[almightyruler]

It's still about value, even if the coin is not traded to/from BTC. Surely an exponentially increasing wallet balance is going to dilute the value of the coin.

Putting it another way. I sell a single teabag and earn 10 TEA. Then I do nothing for a year. I now have sufficient balance to buy 37 teabags. Seems it's a bit like mining, but on an extremely accelerated scale, and in this case, you're talking about a physical product, which has real world costs. I don't understand how you could magically create 36 physical teabags per year for every 1 that someone holds.

[Miner-TE]

As a current holder of 7621.772727 teabags ....  I like the idea. 

[dickwhite]

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!

This is a unique and interesting concept. We'll see where it goes.

[thcst8]

Tok me forever to get a node!  But I bought some tea a while back and will set aside 100k for some bounties. 
I can't really do any management or programing or anything.  But if you guys need a seed fund come up with ideas and I will pay for the bounties.

[Miner-TE]

Tok me forever to get a node!  But I bought some tea a while back and will set aside 100k for some bounties. 
I can't really do any management or programing or anything.  But if you guys need a seed fund come up with ideas and I will pay for the bounties.

Here is my current nodes ...  and thanks for the offer of bounties.

teacoind getpeerinfo | grep addr
        "addr" : "66.85.164.76:54911",
        "addr" : "99.63.193.158:61940",
        "addr" : "50.197.11.193:58104",
        "addr" : "188.134.72.213:54289",
        "addr" : "84.19.184.96:33980",
        "addr" : "91.121.165.120:7921",
        "addr" : "79.147.27.201:56446",
        "addr" : "99.249.105.131:52634",

[Miner-TE]

This coin still being mined ... Just checked and synced.

Who is mining it?   Is it still being traded?

[alinda]

This coin still being mined ... Just checked and synced.

Who is mining it?   Is it still being traded?

where is working wallet?

[Miner-TE]

I've placed my latest here,  Your choice to trust or not.

https://drive.google.com/file/d/0B1XWTNNbRnggY1Y4QlhuXzVlNkk/view?usp=sharing

This coin still being mined ... Just checked and synced.

Who is mining it?   Is it still being traded?

where is working wallet?

[Miner-TE]

About to call this one dead,  Only two active connections...  Is there anybody else out there?

76.95.178.229:7921
99.63.193.158:7921

[tuaris]

About to call this one dead,  Only two active connections...  Is there anybody else out there?

76.95.178.229:7921
99.63.193.158:7921

There is always:

Code:

teacoin.securepayment.cc

[BitcoinNational]

what is dead can never die!

TEA still breathing!  Get it on Cryptopia and this cute coin leafs forevermore!

known problems ... lost euroex and the reward code rolls over / resets right?

[Miner-TE]

what is dead can never die!

TEA still breathing!  Get it on Cryptopia and this cute coin leafs forevermore!

known problems ... lost euroex and the reward code rolls over / resets right?

It lives on life support....

[B-MoneyXcan]

Hi Teacoin Community.
Im happy to share this opportunity.

Im working on launching a custom token for tea distribution company and have been pondering integrating "teacoin" into the mix.
There is a plan in place for how a crypto currency would work with this business and we are preparing to complete development to have things up and running in the next month.

This coin would only be accepted and backed by the distribution company itself and would not look to be utilized outside unless they are an actual wholesale client of the distributor.

To involve the TeaCoin community, i am proposing a swap of 100 your Teacoin to our new coin (100:1)
Coin specs are still being determined but we would launch with a premine for development purposes and to complete the swap.

There are plenty of more details but i would like to get the input from what's left of the TeaCoin community to see if they would be interested in this.

I am the General Manager for the distribution company and also work heavily in crypto. I have an extensive background in Tea including owning and operating teashops and cafe's in the past. The distribution company is an offshoot of a former import business that will be importing and distributing, worldwide, to individual customers and corporate clients including retail shops and restaurants.

Excited about the project and looking forward to hear your feedback!

[niceal]

Hi Teacoin Community.
Im happy to share this opportunity.

Im working on launching a custom token for tea distribution company and have been pondering integrating "teacoin" into the mix.
There is a plan in place for how a crypto currency would work with this business and we are preparing to complete development to have things up and running in the next month.

This coin would only be accepted and backed by the distribution company itself and would not look to be utilized outside unless they are an actual wholesale client of the distributor.

To involve the TeaCoin community, i am proposing a swap of 100 your Teacoin to our new coin (100:1)
Coin specs are still being determined but we would launch with a premine for development purposes and to complete the swap.

There are plenty of more details but i would like to get the input from what's left of the TeaCoin community to see if they would be interested in this.

I am the General Manager for the distribution company and also work heavily in crypto. I have an extensive background in Tea including owning and operating teashops and cafe's in the past. The distribution company is an offshoot of a former import business that will be importing and distributing, worldwide, to individual customers and corporate clients including retail shops and restaurants.

Excited about the project and looking forward to hear your feedback!

Any progress, are welcome, I support.

[SirChiko]

Hi Teacoin Community.
Im happy to share this opportunity.

Im working on launching a custom token for tea distribution company and have been pondering integrating "teacoin" into the mix.
There is a plan in place for how a crypto currency would work with this business and we are preparing to complete development to have things up and running in the next month.

This coin would only be accepted and backed by the distribution company itself and would not look to be utilized outside unless they are an actual wholesale client of the distributor.

To involve the TeaCoin community, i am proposing a swap of 100 your Teacoin to our new coin (100:1)
Coin specs are still being determined but we would launch with a premine for development purposes and to complete the swap.

There are plenty of more details but i would like to get the input from what's left of the TeaCoin community to see if they would be interested in this.

I am the General Manager for the distribution company and also work heavily in crypto. I have an extensive background in Tea including owning and operating teashops and cafe's in the past. The distribution company is an offshoot of a former import business that will be importing and distributing, worldwide, to individual customers and corporate clients including retail shops and restaurants.

Excited about the project and looking forward to hear your feedback!

Any progress, are welcome, I support.

I'll support it also as i still hold few teacoins but is network even alive anymore?

[Miner-TE]

addnode=76.95.178.229
addnode=99.63.193.158

Worked for me.

[niceal]

Hi Teacoin Community.
Im happy to share this opportunity.

Im working on launching a custom token for tea distribution company and have been pondering integrating "teacoin" into the mix.
There is a plan in place for how a crypto currency would work with this business and we are preparing to complete development to have things up and running in the next month.

This coin would only be accepted and backed by the distribution company itself and would not look to be utilized outside unless they are an actual wholesale client of the distributor.

To involve the TeaCoin community, i am proposing a swap of 100 your Teacoin to our new coin (100:1)
Coin specs are still being determined but we would launch with a premine for development purposes and to complete the swap.

There are plenty of more details but i would like to get the input from what's left of the TeaCoin community to see if they would be interested in this.

I am the General Manager for the distribution company and also work heavily in crypto. I have an extensive background in Tea including owning and operating teashops and cafe's in the past. The distribution company is an offshoot of a former import business that will be importing and distributing, worldwide, to individual customers and corporate clients including retail shops and restaurants.

Excited about the project and looking forward to hear your feedback!

Any progress, are welcome, I support.

I'll support it also as i still hold few teacoins but is network even alive anymore?

Teacoin needs to have a person in charge of the overall situation.I mean any progress.