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Author Topic: KRATSCOIN (KTC) new coin with serial number  (Read 477 times)
crossabdd
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October 25, 2019, 02:38:41 AM
 #1

I just want to give a little explanation about new coins. it is KRATSCOIN (KTC). But only a little explanation, because the information does not yet exist. and I think this is still under development.
Kratscoin is an altcoin variant of bitcoin development. and have basic differences. if bitcoin is anonymous, KRATSCOIN will have a serial number on each unit. the main goal is to make tracking easy. because so far the main problem of bitcoin is anonymous. and Kratscoin will cover that. about the other that i read is. similarities in the mining system (ASIC Miner S9), a total supply of 21 million, and halving every 21000 blocks is the same as bitcoin. I hope if anyone has more information, please write here. because I also want to get other information about Kratscoin.
news source https://blockchainmedia.id/bitcoin-btc-tak-bernomor-seri-kratscoin-ktc-punya-solusi/

Kratscoin explorer: http://3.0.49.178/
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November 04, 2019, 10:28:23 AM
 #2

where can get this coin
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November 04, 2019, 10:58:26 AM
 #3

While will anyone want to hold or use a coin with serial numbers that can be easily traced? Isn't that totally against what btc represents, this is indirectly representing fiat, many people are in crypto because of it is anonymous and decentralized, maybe for those who do not care more about privacy won't have an issue with a coin with serial number.

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November 04, 2019, 01:57:48 PM
 #4

DIFFERENCE BETWEEN KRATSCOIN AND BITCOIN:
•   The indivisible minimum KRATSCOIN unit is 0.00001 instead of 0.00000001 to denominate realistic currency rates in FOREX. Denomination cannot be determined or dictated by the value of a currency. If KRATSCOIN is valued at USD10,000.00 then the smallest unit of KRATSCOIN at 0.00001 = USD0.10 and nothing smaller than USD0.10 in KRATSCOIN.

Example:
If USD1.00 = THB30.00 and the smallest denomination of USD is USD0.10, then a USD0.10 which is THB3.00, is unable to buy a piece of candy at THB1.00. Thus the USD must be converted into a smaller currency of THB in order to buy the THB1.00 candy.

•   KRATSCOIN is in-line with standard International Foreign Currency Exchange Practice at indivisible minimum unit 0.00001.

•   Each KRATSCOIN is equipped with a 13 digit “SERIAL CODES AND NUMBERS” and there will be a total of 2,100,000,000,000 SERIAL CODES in total.

Example1: 1st KRATSCOIN = AKDJFYRS.00000
Example2: 1st Fraction from 1st KRATSCOIN = AKDJFYRS.00001
Example3: 2nd Fraction from 2nd KRATSCOIN = AKDJFYRS.00002
Example4: Last KRATSCOIN = DLXVZKWR.00000
Example5: 1st Fraction from Last KRATSCOIN = DLXVZKWR.00001
Example6: 2nd Fraction from Last KRATSCOIN = DLXVZKWR.00002

•   In Year 2015, Silk Road in DeepWeb utilization of Bitcoin in their transactions amounts to USD1.2billion spanning over 950,000 users. One may argue that Bitcoin is most utilized by the black market, which then maintains its value and worth among other factors. However, the USD1.2bil a year over 950,000 users are far fetch from the Legitimate Users in comparison. Bitcoin transactions runs into USD40.0bil in recent Legitimate Crypto Exchanges. In summary, legitimate transaction of crypto currencies is many times larger use in illegal transactions.

DIFFERENCE BETWEEN FIAT AND CRYPTO:

•   Fiat Currency is backed by Governments/Countries itself. What determines the value of a currency is the economic health, demand, growth, political stability to name a few, of the respective country. Before 1930, most fiat currencies were backed by gold and silver.

•   Since 1971, U.S. citizens have been able to utilize Federal Reserve Notes as the only form of money that for the first time had no currency with any gold or silver backing. This is where you get the saying that U.S. dollars are backed by the “full faith and credit” of the U.S. Government - quoted in google.com.

•   What backs crypto value is purely supply and demand. The demand creation of a crypto is its sole objective. To create demand, the crypto has to have a purpose. And most purpose commonly promoted is utility. The number of ways you can utilize the said crypto. The more utilization factors the more demand there is for it.

•   There are other ways to substantiate value of a crypto and that is to back the crypto with a 1 to 1 ratio in assets or in USD. Then the question is, how 3,000 crypto currencies in circulation be monetary eco sustainable? Can anyone imagine walking into McDonald and view a chart of 3,000 different pricing? Which also means the crypto is a payment gateway pegging against USD instead of bearing any true characteristic of a currency.

•   A country’s currency is in its own legit form of legal tender, the only currency acceptable under financial sovereigns of a country. People in the world must be made to understand that. Retailers in Thailand cannot put up products price tags in EUROS/USD, it is illegal. It has to be in Thai Baht.

•   It is hardly imaginable for everyone in the world to retail with a Crypto-Currencies at a rate of 7 transactions per second. When mining nodes are reduced due to non-performing mining ratio, mining blocks in the Blockchain will significantly be limited too, rendering delays in transactions while usage increases.

•   In time to come, as trends of crypto picks up, Thailand can issue BAHT COIN or UK the STERLING COIN, exactly what China wishes to do. Digital RMB, but would such crypto currencies be fully decentralized? We all have our answers. Absurd to even think of producing Thai Baht, Pound Sterling or Chinese Yuan at the cost of electricity. It is currencies in digital forms.

KRATSCOIN is not meant for that purpose. In some opinion, apart from utilization, a crypto can be for safekeeping, an entity for keeping money while allowing easy liquidation, at a click of a mobile button, not to mention sending or transferring without the trouble of going to banks, which was the original purpose of Bitcoin to begin with. Therefore, KRATSCOIN would be better termed as Crypto Commodity, sharing similarities as Metal Commodities.

An individual cannot use gold to make a purchase, neither can one eat gold. It can only be kept or invest in for appreciative value over time. Gold is being exampled for its scarcity which reasons for its higher value over its cousin, silver or bronze. Who or what determines the value of gold? Just like any other crypto, demand by humanity. As in all other commodities, it must also be placed in checks by governments. To put in checks, serial numbers are introduced to protect a country’s commodities outflows or illegal exports.

Humanity made Bitcoin a reality. Acceptance by the majority members of the public made Bitcoin to what is it today with the trust they entrusted it with, or is the majority public hopping on the band wagon to make a few quick extra bucks? Whatever the reasons are, the characteristics of Crypto Currencies are only matched by the behavior of Commodities.

SERIALIZED COINS - WHAT IT MEANS FOR THE PUBLIC:
Every currency has its own remarkable name, design and colors. Dollars, Euros, Pound, Tugrik, Peso, Rupee, Rupiah, Dina, Ringgit, Baht and the list carries on. One thing every currency have in common - Serial Numbers.

In any crime, investigators will firstly establish motives and mode of operation, both of which are very likely related to money. So following the money trial is a natural thing to do for investigators/authorities and it has become a common practice. Crimes require funding ie robbers need money to buy guns to carry out its robbing activities. Cutting off financing will reduce criminal activities. That’s the approach governments of the WORLD have adopted for crime fighting.

Perhaps people do not realize this while most do not feel the pinch. Humanity tends to take life for granted until apocalypse happens. Take a minute to visualize the tallest tower in your homeland collapse into a pile of dust with thousands of casualties effecting everything else that comes to mind. Imagine a family member, just 1 is enough, is among those casualties.

• Imagine if monetary system is not in place and drug dealers, among many, roam the earth freely distributing what can be death threatening substance to your kids. What if you are mugged of your inheritance [items left to you by your father] that is beyond retrieval? As for crypto enthusiast, what if your wallet gets hacked as even the mighty Pentagon gets hacked. All the above can go away if the crypto system leaves a trail for hound dogs to sniff out. Money Trail or Serial Codes Trail to be exact.

• Citizens rely on governments and their countries to do what is best for them to lead their daily lives, flourish, advance, improve and strive but at the same time, citizens want to take away the single most important thing deemed crucial in the hierarchy of humanity from governments with additional boastful remarks such as “I transferred $400 million from one corner of the earth to another corner in a single transaction and no governments can do anything about it”.

• In-short, to boast unregulated financial movement is to arrogantly promote crime without realizing it while challenging the world’s monetary authority. Oldest advice in the book teaches us never to pick a fight we can’t win.

• Serial Coded Coins does not take away the financial movement freedom nor does it take away your privacy. It merely provides Authorities the necessary means needed for crime prevention and fighting. It only re-inforce security and safety.
SERIALIZED COINS - WHAT IT MEANS FOR GOVERNMENTS:
• Governments are relentlessly trying to find new ways to keep track of crypto transactions. Crypto Currency Exchanges, just like all other Financial Institutions and Banks, are required to practice the most stringent Know Your Customer (widely known as KYC) process. The KYC is designed to provide governing agencies and authorities with information pertaining to crypto ownerships.

• But no governments can have information on Peer-to-Peer (also known as P2P) transactions unless the government in question launch a full scale Federal Investigation on certain suspected individuals seeking Wallet Developers to unveil the ownership of certain wallet addresses. Do not forget, National and Global Security trumps Privacy Act. Refusal to co-operate under the pretext of Global or National Security will only result in an out-right ban, which is exactly what happened to Blackberry.

• Questions to Governments – What if Wallet Developers or Crypto Exchanges shuts down which can happen for various reasons be it foul-play, sinister or forcefully under threat? What if servers are damaged and ruined? An EMP strike or a simple magnet can make it happen. Information/identities of suspected customers of such addresses shall be lost forever and along with it the Money Trial.

• The most probable way of evading Authorities with crypto assets are developing an e-wallet for own illicit purpose. Since the cost of developing an e-wallet is relatively low in considerable cost to hiding, what can governments do to flush out these ants from the vast networks of tunnels?

• With Serialized Coded Crypto Assets, it doesn’t matter if servers of Exchanges or Wallets are destroyed. The Serial Codes of each token/coin enables governments of every participating country to track both origin and destination by identifying records of each token/coin in wallet address. It can disappear into a cold wallet but emerging some place later yet Authorities can still detail which particular token/coin has at one moment of time been into which wallet, on what day and date.

• If the battle of financial crimes can be resolved with a simple Serialize Coded Crypto Asset, the eradication of corruptions, money laundering, unlawful proceeds and terrorism financing will be made possible. Criminals can no longer exploit the genius creation of Sathoshi – Blockchain and Crypto-Currencies.

• Global Security, Anti-Terrorism Financing and Money Laundering could just be excuses granting government agencies the need to have access to financial information in the Monetary System. Nonetheless, it is in the interest of every nation that capital outflow is controlled. Capital Outflow is most frequent when the economy of a country is deteriorating. In the face of an economy meltdown, monetary flow is most needed and yet citizens tend to transfer monies further away illegally from their own country in an act of selfishness. This would not be tolerated by any country. Serial Coded Coin shall prove this attempt futile.

• In most part of Asian Countries, many crypto-currency mining operations are carried out illegally. The legality sits on thin fine line where Authorities can pin only stealing of electricity as a major concern to the respective country. Since most Power Companies belongs to the Country in one way or another, it is financially damaging to Power Producers and Utility Suppliers. Serial Codes can determine if the KRATSCOIN is mined legally or illegally making it difficult for miners or mining farms to mine crypto while avoiding making electricity payments. Will this deterrent disrupt the chain of KRATSCOIN supply? That’s not how Blockchain Tech works.
TAXATIONS - WHAT IT MEANS FOR PUBLIC AND GOVERNMENTS:
• Taxation cannot be imposed on “Illegal & Unlawful Proceeds” instead confiscation is enforced in many countries. Origins or proceeds of Serialized Coded Crypto Assets can be easily identified by the Serial Codes in-conjunction with the Blockchain. This exercise can evidently proof the legitimacy of the aforesaid token/coin. By “Illegal & Unlawful Proceeds” also refers to crypto coins obtained via illegal mining operations.

• Taxation on Crypto Assets are calculated on profits deriving from the sale/disposal of the crypto Assets. If we are small crypto believers, the amount of taxation rendered by Inland Revenue will be insignificant. Why risk Freedom of Life over Freedom of Small Monies. If we are big crypto believers, taxation on Serialized Coded Coins can be considered added security to your assets protection.

• By adopting Serialized Crypto Assets, declaration is made easily possible via proof of token/coin origin via the Blockchain. If the Authorities can know where our crypto assets come from, the Authorities will know where it will disappear to. It is taxation cum insurance in one tiny sum. This added security with freedom feature will encourage self-declarations of crypto assets to Authorities and Agencies.
PRIVACY & ANONIMITY:
• Many may be skeptical of their wealth being tracked and monitored. But in this era of technological advance society, everything we touches has our signature. Banks, iPhones, Samsung Mobiles, Google, Facebook, Whatsapp, WeChat, LINE, Viber, Facebook, Properties, Utilities. Almost everything. It is to this fact that there is a need for Privacy Protection Act.

• As explained before, Crypto Currency Exchange KYC procedures is designed to expose the identity of Crypto Assets ownership. The Blockchain is supposed to serve as a transparent information platform. The question of privacy over Serialized Coded Coins does not exist, it does not make Serialized Coded Coins ownership any less private.

• Ownership of wallet addresses shall always remain anonymous while the only way Authorities can get to it is through Wallet Developers by virtue of Global/National Security Threats or by a Court Order as per the Privacy Protection Act.
SAFETY & SECURITY (CODED CRYPTO VS FIAT + COMMODITIES):
• No human mind can memorize the millions of serial numbers printed on fiat currencies. The records of Serialized Coded Coins will forever be in the Blockchain embedded within each transaction from wallet to wallet.

• Serialized Commodities such as gold can be melted down. Diamonds recrafted. Fiat double printed. But not Serialized Coded Crypto Assets.

• Should an accessory system be added into the KRATSCOIN Blockchain, allowing reports on criminal activity be made within the Blockchain, notifying all ledgers of certain stolen Serial Coded Coins, enabling WARNINGS and forbidding next transaction of that particular Serial Coded Coin, wouldn’t this function enhance protection. A theft deterrent function which can never be achieved with physical gold, diamonds or fiat.
KRATSCOIN SUMMARY:
• Most crypto currencies have not reach a level of security alert for governments. This could be the only reason why a possible ban has not been discussed. China and India has begun efforts to control or ban crypto currencies in their quest to combat capital outflow, writer’s personal opinion. The EU has stopped Libra from implementation. “A company cannot be allowed Authoring Power for issuance of currencies” quoted the governments. KRATSCOIN is fully decentralized with no ownership nor control by any country, company or individual. Once again, the beauty of Bitcoin decentralization concept prevails.

• “There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has been the U.S. dollar” quoted in google.com.

• Most countries have “Foreign Reserves” as backing to a country’s fiat currency. It is a mean of “back up” attempt should all factors above mentioned leading to the value of their currencies collapse. Then what will happen if the Country of the Foreign Reserves collapse?

• Serial Coded KRATSCOIN belongs to no one, no country, no company and therefore theoretically shall not be effected by politics, war or global economy meltdown yet everyone, every country and every government is able to benefit from KRATSCOIN.


"Quoted by"
https://lintangnews.com/ada-kratscoin-ini-bedanya-dengan-bitcoin/
https://0xzx.com/201910111244312902.html
https://news.tokocrypto.com/tag/kratscoin-ktc/
http://bbs.tianya.cn/post-lookout-836105-1.shtml
https://zhuanlan.zhihu.com/p/84844615


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November 04, 2019, 02:32:59 PM
 #5

I just want to give a little explanation about new coins. it is KRATSCOIN (KTC). But only a little explanation, because the information does not yet exist. and I think this is still under development.
Kratscoin is an altcoin variant of bitcoin development. and have basic differences. if bitcoin is anonymous, KRATSCOIN will have a serial number on each unit. the main goal is to make tracking easy. because so far the main problem of bitcoin is anonymous. and Kratscoin will cover that. about the other that i read is. similarities in the mining system (ASIC Miner S9), a total supply of 21 million, and halving every 21000 blocks is the same as bitcoin. I hope if anyone has more information, please write here. because I also want to get other information about Kratscoin.
news source https://blockchainmedia.id/bitcoin-btc-tak-bernomor-seri-kratscoin-ktc-punya-solusi/

Kratscoin explorer: http://3.0.49.178/

Anonymity is not the problem of bitcoin. It's actually the solution. That anonymity thing stood out bitcoin from other digital tokens.
Assigning serial number to every coin to track it everywhere is also a good way for digitizing money. This may be the future for crypto fiat. Kratscoin seems to be an interesting project.

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November 04, 2019, 03:29:07 PM
 #6

Thats quite a wall of text, you have really thought about this hey? lol
idk, to me why would you make a chain for this? if you wanna make serialized coins just goto the collectibles section and start selling coins
dont need to make a blockchain for them Tongue
weird idea, but ill watch and see where it goes, sometimes the weird ones become the most interesting projects Tongue

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November 04, 2019, 04:21:23 PM
 #7

I never thought someone can think a project like this in the cryptocurrency, it's actually a very unique idea, it's a big turn around from anonymity, I don't know if this is going to be supported by the community, because it only serves the government in tracking where the coins are going how many coins one has or have hold, I will follow how this coin will evolve, but I doubt I will support, something that will expose me.

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November 04, 2019, 05:46:12 PM
 #8

I just want to give a little explanation about new coins. it is KRATSCOIN (KTC). But only a little explanation, because the information does not yet exist. and I think this is still under development.
Kratscoin is an altcoin variant of bitcoin development. and have basic differences. if bitcoin is anonymous, KRATSCOIN will have a serial number on each unit. the main goal is to make tracking easy. because so far the main problem of bitcoin is anonymous. and Kratscoin will cover that. about the other that i read is. similarities in the mining system (ASIC Miner S9), a total supply of 21 million, and halving every 21000 blocks is the same as bitcoin. I hope if anyone has more information, please write here. because I also want to get other information about Kratscoin.
news source https://blockchainmedia.id/bitcoin-btc-tak-bernomor-seri-kratscoin-ktc-punya-solusi/

Kratscoin explorer: http://3.0.49.178/
Just add it together with the owner's personal data, so that it will make it even easier to track it, because if there is only a serial number it is still anonymous  Tongue
where can get this coin
Looks like this coin has not listed yet on any exchange, because I have try to search on coinmarketcap the results are nothing. Even browsing was not found.

 
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November 04, 2019, 06:11:34 PM
 #9

i think this good for payment merchant ! because you can track easily if you get scammed or something
will waiting for listing on exchange kratscoin! very good concept coin
will mine it if possible

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GEOMA DAO


Take a Look Into the Future


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TacoBond
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November 04, 2019, 08:54:30 PM
 #10

No announcement with how to mine Kratscoin? So who is mining this project right now? 46k blocks already mined
Kamikaze196
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November 05, 2019, 08:24:06 AM
 #11

Direction is right for this Kratscoin. At least can help gov to prevent money laundry and those illegal transaction. This is the revolution of crypto world.
jony1313
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November 05, 2019, 11:56:56 AM
 #12

Yup... can prevent crime and hacker too.
knuckey
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November 05, 2019, 02:07:09 PM
 #13

If Bitcoin is anonymous, then is it a mistake? I think that is one of the goals of Bitcoin, to maintain the privacy of its users.
Do you want your transaction to be known by the public? I don't think so and it's too much if you compare it to Bitcoin.
Kamikaze196
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November 07, 2019, 07:59:31 AM
 #14

If Bitcoin is anonymous, then is it a mistake? I think that is one of the goals of Bitcoin, to maintain the privacy of its users.
Do you want your transaction to be known by the public? I don't think so and it's too much if you compare it to Bitcoin.

Your are right too..there is no wrong or right
jony1313
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December 03, 2019, 01:59:29 PM
 #15

If Bitcoin is anonymous, then is it a mistake? I think that is one of the goals of Bitcoin, to maintain the privacy of its users.
Do you want your transaction to be known by the public? I don't think so and it's too much if you compare it to Bitcoin.

Your are right too..there is no wrong or right


European Crypto Exchange Bitbay Ends Monero Trading due to Anonymity Features
https://news.bitcoin.com/european-crypto-exchange-bitbay-ends-monero-trading-due-to-anonymity-features/

Nows more of exchange are unlist the anonymity coin in their exchange.. Do you think anonymity is good?


 Cheesy
jony1313
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February 21, 2020, 09:30:31 AM
 #16

We are glad to announce that KTC will be officially listed by ABIT.com from Singapore time 13:00, December 16, 2019.

 

Deposit Opening:13:00, December 16, 2019 (Singapore Time)
Trading Start:13:00, December 17, 2019 (Singapore Time)
Withdraw Opening:13:00, December 18, 2019 (Singapore Time)
Trading Pairs:KTC/USDT,KTC/BTC
 
jony1313
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February 21, 2020, 10:06:08 AM
 #17

Project Introduction

Kratscoin is a type of innovative serial-coded crypto with natural identification attributes. It perfectly makes up the major shortage of existing public chains, especially Bitcoin network. Bitcoin has proven that a peer-to-peer electronic cash system can indeed work and fulfil payments processing without requiring trust or a central mint. However, for an entire electronic economy to be based on a fully decentralized, peer-to-peer solution, it must be able to do the following: process transactions securely, quickly and efficiently, at the rate of thousands per hour or more; provide incentives for people to participate in securing the network; scale globally with a minimal resource footprint; offer a range of basic transaction types that launch cryptocurrencies past the core feature of a payment system alone; provide an agile architecture that facilitates the addition of new core features, and allows for the creation and deployment of advanced applications; and be able to run on a broad range of devices, including mobile ones. Kratscoin satisfies all these requirements.

 

Official Website:https://kratscoin.org/
d6bmg
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February 21, 2020, 10:35:47 AM
 #18

I have searched quite a bit about this and there is no publicly available information about mining. Yet, there are 66K mined blocks. About that, what's going on.
Anyway, I feel this is a unique approach to cryptocurrency.
jony1313
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February 21, 2020, 04:56:41 PM
 #19

I ask the kratscoin committee member, they say will post the mining info and nonce by next week.
You may add the kratscoin telegram and follow the facebook to know more further info.

https://t.me/kratscoin_official
forexandcryptoauditor
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February 21, 2020, 05:11:50 PM
 #20

Ok, so main reason behind adding serial number is to comply with KYC and AML. This is really good and which is essential.
I think main reason behind huge Ming of Bitcoin is that it's anonymous. I am not sure if you apply serial number (kyc),  then also will the interest be same?

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