[ANN] [MAJ] *Major Piece* *First coin to equal 1 Euro, no more, no less* 3/01/14

[Chase]

I would like to hear how the developer plans to have this coin operate on an exchange.  There is nothing in the cryptocurrency world (that I know of) that can accommodate the trade of a coin like this. The only way this coin could be pegged to the value of the Euro would be if it were controlled by a central authority and not traded on a free and open market.  Sound familiar???   I'm doing the math, and with 5 trillion coins (I don't care how long it takes to mine them),  there isn't enough zeros behind the decimal for this coin to trade!

[flatline]

I would like to hear how the developer plans to have this coin operate on an exchange.  There is nothing in the cryptocurrency world (that I know of) that can accommodate the trade of a coin like this. The only way this coin could be pegged to the value of the Euro would be if it were controlled by a central authority and not traded on a free and open market.  Sound familiar???   I'm doing the math, and with 5 trillion coins (I don't care how long it takes to mine them),  there isn't enough zeros behind the decimal for this coin to trade!

It just needs a sufficient number people willing to exchange one euro for one major piece on demand.  Seems simple enough to me...if OP can deliver such at thing at time of launch I will 100% mine this coin exclusively!

[smurph]

Working hard to have exchanges and retailers peg it to the Euro on launch! lol
I think I just saw a airborne porcine float by my window as well.

You'll never find a retailer stupid enough to do this and if you do watch them run out of stock and then go bankrupt in the blink of an eye.

Maybe, just maybe if you could somehow make it expensive enough to mine and somehow vary depending on the cost of electricity in the miners country it would at least be tied to something and people might be more inclined not to sell at a huge loss.

[CaptianFluffyMann]

It's sad to see these poor attempts at stability.

Having the same number of coins as a currency does not mean the coins will be worth the same.  By your logic, Mooncoin (384,400,000,000 coins) should be worth 14 Euros each (5,400,000,000,000 Euros & Majorcoins).  Are 5.4 trillion buttons worth 1 Euro each because there are only 5.4 of them?

Does the dev. team have at least 1 person with a business background?

I have an idea for a stable coin design, but no technical skills to execute it.

[silidons]

I think it's hilarious that you say it's worth 1 euro, just because you want that to be true, doesn't mean that just magically makes it true.  Quite hilarious indeed.

[pandas_talks]

change the logo at least

[jgaspar]

Mommy, mommy, these people are saying my coin is not worth 1 euro...please make them shut up..i want my coin to be 1 euro...my coin...my precious coin

[eureka]

lol, someone said 1 shit = 1 euro.

[Mrjitter]

This is the Major Piece of crap i have seen today besides 502 coin

is difficult to produce so much shit in so little time.

[vdaevski]

Will this coin launch? Dev last activity is 19th!

[vindyne8]

What time/date is this coin launching? Anyone know?

[Nthused]

A lot of fail launches going on so you never know, just keep an eye out.

[hadi]

So who is holding the 1,000,000,000 Euros to back it? 

  +1

[gustav]

i think this is not possible without putting large securities up (be ready to buy every single coin yourself for the minimal value).
Getting rid of volatility is also not possible without getting rid of the free trade. So this was really a waste of time for everybody

[vdaevski]

i don't think this coin will launch

[Amph]

release time?

[hadi]

release time?

author at bed,never

[jgaspar]

DEV needed to continue his psychiatric treatment.. please be patient..HE WILL COME BACK !!!!

[Alohaboy?!]

release time?

author at bed,never

^^

[alc]

While this is a valid argument it does not necessarily fit in to this idea quite the way you envision it. While it is true that we are relying on a bit of faith from people to believe the coin is worth what we say it is worth it is no different than a person having to put in faith that their dollar will actually mean something or that their Yen will mean something. By saying that it will be worth one euro we have already planned for part of this faith issue. Also on the issue of changing market value we have seen that this issue cannot arise because the true value will always be that of a euro. It’s not like gold or oil were the price can be arbitrarily inflated or deflated based on faith and amount of product. Also while people can hope and believe that their one dollar is actually worth more than it is it is only worth what it is at that point and time. So while people may say that the Major Piece is worth more or less then the euro they are actually wrong because it has already been decided that the value will only fluctuate directly with the value of the Euro.

With posts like this it's hard to tell whether they're joking, scamming or just straight up incompetent, but regardless, it's an entertainingly dumb idea.

I've got some alcTwigs over here, sure they might look like plain old twigs like you'd find on the ground anywhere in the world, but these ones are worth 1€ each. You just need a bit of faith! Their value is tied to the Euro, because it has been decided that their value is tied to the Euro. Any takers?

Nobody?