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foodies123
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June 20, 2014, 04:11:05 AM |
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First of all, can I be absolutely clear that this is not fud. It is a serious question and I'm asking it here because I know the devs of this coin are working hard on sms sending (so that people with dumbphones can use crypto) and are producing solid results.
Let's imagine I am working in a foreign country so as to provide for my family in eg. Indonesia. Let's say I know about BTC and have set up an account which I can fund from my bank in eg. Malaysia. I have access to a smartphone, Wi-Fi, internet and therefore to the exchange (Fiat-BTC-Crypto) relatively easily. Or I can buy Prypto to load to my wallet. So far so good.
My family live in a village. No Wi-Fi, no home internet, no smartphone. Only dumbphone.
I want to send money. I use crypto as token value of the money. Means to an end until fiat currencies go digital.
At this stage, I can send via sms to dumbphone and a wallet is created for the family. Problem is how do they access the wallet and how do they exchange for local currency when they have no bank account and no internet?
A local agent accepting scratch cards for exchange to local currency leaves a lot of room for heavy mark ups unless there is some way to control exchange rate and fees. We are trying to get away from rip-offs aren't we? Will Prypto do that?
Would it be possible to have an ATM that would accept a keyed in code (such as from a Prypto card) and issue value in local currency? A fee for every transaction to be paid to the person hosting the ATM?
Perhaps a system could be developed whereby the dumbphone could communicate directly with the ATM via bluetooth or sms?
Obviously, I don't have the answer. I would be extremely rich if I did.
It seems to me that this is the final link in the chain. The world will never be the same.
coincidence has it that I was thinking about this exact same thing. how do we ensure that: 1. people can exchange for money / can spend the coins where they receive them. 2. companies like prypto won't rip the skin off their backs turning this whole endeavour into a classic western union/moneygram/mpesa scheme. The only answer I came up with is this: prypto's services are very cheap and require close to no infrastructure (I'm talking about issuing codes only, not the cards, those cost). Thus it can be easily made. Hell I can make one in a few days. So the sheer competition that will emerge from this because it's so easy to make will drive the fees very low. Only factor that remains is the reseller. Every location/region needs a reseller and if they get monopoly they can pretty much do anything they want. |
nope
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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aragoon
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June 20, 2014, 05:30:31 AM |
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Yep that's the problem. People in Indonesia can already use credit on a phone voucher (XL network ) to get cash back at local stores. So the idea is not alien. It's easy to get INTO crypto but getting out again is a headache for now. Maybe we need a Jailcoin.  |
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svennand
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June 20, 2014, 12:29:11 PM |
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How would one go about solo mining it?
Ive just tried now on qubit since there doesnt seem to be any valid pools out there (Cryptoculture down, just awaiting work, neither any hashrate displayed on page) Just used the info on OP page, seems to work like an charm but havent found a block yet to confirm:) Have 58,5Mhash Qubit power, soo shouldnt be to far away. |
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whywefight
Legendary
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Activity: 1078
Merit: 1042
www.explorerz.top
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June 20, 2014, 12:47:50 PM |
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okay am i getting this right, no pool up for myriad??
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svennand
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June 20, 2014, 12:51:25 PM |
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okay am i getting this right, no pool up for myriad??
No. Theres plenty of pool up for myriadcoin, just no one working for qubit as far as i have seen. |
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whywefight
Legendary
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Activity: 1078
Merit: 1042
www.explorerz.top
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June 20, 2014, 12:57:23 PM |
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ah k, sry
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xfelinho
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Activity: 68
Merit: 10
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June 20, 2014, 01:15:21 PM
Last edit: June 20, 2014, 06:49:23 PM by xfelinho |
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nonce qubit pool and the p2p qubit pool are working great
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novag
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June 20, 2014, 06:49:15 PM |
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Prypto Plugin - is nice idea, and will getting more volume!
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Donate for the support of a new Martial arts Style - Aikivindo = Aikido + Wing-Chun (in Ukraine) 5168757318423326 PrivatBank. http://aikivindo.com.uaBTC:1DpRaQjdVmrkSopRV8p9RdwvBMWNA9faCS |
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pryptofan
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June 20, 2014, 10:54:58 PM |
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Congrats, Myriad peoples!  |
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novag
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June 21, 2014, 08:00:55 AM |
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Congrats, Myriad peoples! Thanks, and just up and go! |
Donate for the support of a new Martial arts Style - Aikivindo = Aikido + Wing-Chun (in Ukraine) 5168757318423326 PrivatBank. http://aikivindo.com.uaBTC:1DpRaQjdVmrkSopRV8p9RdwvBMWNA9faCS |
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loyer
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Activity: 73
Merit: 10
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June 21, 2014, 08:20:28 AM |
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TO THE MOOON. Come on guys we can push it today!!
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foodies123
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June 21, 2014, 10:28:01 AM |
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which one is your transaction ? |
nope
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yvg1900
Member
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Activity: 66
Merit: 10
Dev of yam miner
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June 21, 2014, 11:26:48 AM |
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New M7u version of yam miner is available. Major addition in this release is support for many new coins - DVK,MYR,BCN,QCN,FCN and XMR. yam M7u supports mining Groestl variation of Myriad PoW - check readme.txt and default config for details. Primary download location for yam M7u is https://t.co/whkQyh2XA2Alternative download location for yam M7u is http://t.co/A9c5GryPByChinese users may donwload yam M7u at http://t.co/qsWEtQEMhZEnjoy. |
Follow @yvg1900 on Twitter for yam miner updates
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nooneon
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June 21, 2014, 11:46:02 AM |
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which one is your transaction ? I have found the block in a mining pool, my quote is about 100% |
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loyer
Member
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Activity: 73
Merit: 10
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June 21, 2014, 01:18:45 PM |
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which one is your transaction ? I have found the block in a mining pool, my quote is about 100% mine is the same  |
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foodies123
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June 21, 2014, 01:55:37 PM |
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which one is your transaction ? I have found the block in a mining pool, my quote is about 100% perhaps it was an orphan ? also blocks take 120 confirms to mature. |
nope
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novag
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June 22, 2014, 07:21:44 PM |
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Quiet before the storm?
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Donate for the support of a new Martial arts Style - Aikivindo = Aikido + Wing-Chun (in Ukraine) 5168757318423326 PrivatBank. http://aikivindo.com.uaBTC:1DpRaQjdVmrkSopRV8p9RdwvBMWNA9faCS |
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great_myr
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June 22, 2014, 07:56:21 PM |
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Quiet before the storm?
Why, quiet before storm? I think myr is a great coin, the community is great an the development too. But nothing happens (price). That´s sad or maybe good? I don´t know. |
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mami
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Activity: 59
Merit: 0
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June 23, 2014, 08:14:25 AM |
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Quiet before the storm?
Why, quiet before storm? I think myr is a great coin, the community is great an the development too. But nothing happens (price). That´s sad or maybe good? I don´t know. For a crypto to have a stable price for this long is unusual - so there is definitely "something happening with the price". Shitcoins typically either go down without any volume, or up quickly and then down until they die. |
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