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[ANN][0.9.0][NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 26
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Topic: [ANN][0.9.0][NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 26 (Read 33390 times)
nigeriacoin
(OP)
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Merit: 10
Re: [PRE-ANN] [NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 25 Launch
March 21, 2014, 02:10:27 PM
#21
I'm pretty sure giving a large block of coins to the corrupt government means that the people will surely not get them. That's exactly the problem now in Nigeria where the rich and connected have sold off the mineral / oil rights to the country and horde all the wealth without fairly distributing it to the people.
Quote from: leigh2k14 on March 21, 2014, 02:07:16 PM
Quote from: nigeriacoin on March 21, 2014, 01:33:23 PM
We can take that language out about the 419 scams, but taking on NigeriaCoin as a task is a difficult one without addressing the 419 stigma associated with it. We intend for this to truly be a NigeriaCoin which can eventually be adopted by the people and something they can be proud of.
Yes, on distribution, we haven't figured it out yet and it's possible that we never will. If someone can actually figure out fair distribution to the Nigerian populace, please contact us. Instead we are going to donate towards Nigerian non-profits and those proceeds and campaigns will be 100% transparent. Any crowdfunded campaign done through a reputable escrow and NGO for the benefit of the Nigerian people will receive developer funds towards their goal. We want a community that cares about Nigeria, not quick pump and dumpers to be mining this coin.
On the 47% Coin Distribution Symmetry allocation, yes it's a premine. But, it's never going to hit the market, it will be destroyed via an automated script on an ultra secure private server behind a firewall and NAT. The coins will be destroyed on a regular basis and the burn address will be viewable from the block explorer. There are two benefits from this CDS block.
0% inflation due to proof of work mining.
coinmarketcap is forced to calculate marketcap of NGC based on the entirety of the CDS block in addition to new coins, which gives this coin extra visibility.
Obviously there's going to be lots of, "THIS IS A SCAM" talk on this thread, but can only assure you that we are not and that we are going to be fully transparent about all funds. We have a team of about 5 devs working full time on putting together a proper launch with the latest technologies and we will be successful. Skeptics and naysayers need not join, but if you're ready to create something revolutionary together, please join us at launch. We will try to get P2pool ported for launch also, so that could be available soon too, and we will promote the use of P2pools for enhanced decentralization and increased safety for miners.
Does the Nigerian government keep track of it's citizens with a National insurance number, social security number or anything of a similar nature?
If so you could use that for each citizen to claim?
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rahrahrah
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Re: [PRE-ANN] [NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 25 Launch
March 21, 2014, 02:17:29 PM
#22
Whitepaper sounds like a very interesting concept. Different approach for sure! Will be watching carefully!
VTC: VxNWL9jDRvEcCT48vqQkLxckREUafYowVu
SMC: SYLjkCM63iJyYpoz14dJcq27tEfw6r9w6m
leigh2k14
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Re: [PRE-ANN] [NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 25 Launch
March 21, 2014, 02:38:56 PM
#23
Quote from: nigeriacoin on March 21, 2014, 02:10:27 PM
I'm pretty sure giving a large block of coins to the corrupt government means that the people will surely not get them. That's exactly the problem now in Nigeria where the rich and connected have sold off the mineral / oil rights to the country and horde all the wealth without fairly distributing it to the people.
Quote from: leigh2k14 on March 21, 2014, 02:07:16 PM
Quote from: nigeriacoin on March 21, 2014, 01:33:23 PM
We can take that language out about the 419 scams, but taking on NigeriaCoin as a task is a difficult one without addressing the 419 stigma associated with it. We intend for this to truly be a NigeriaCoin which can eventually be adopted by the people and something they can be proud of.
Yes, on distribution, we haven't figured it out yet and it's possible that we never will. If someone can actually figure out fair distribution to the Nigerian populace, please contact us. Instead we are going to donate towards Nigerian non-profits and those proceeds and campaigns will be 100% transparent. Any crowdfunded campaign done through a reputable escrow and NGO for the benefit of the Nigerian people will receive developer funds towards their goal. We want a community that cares about Nigeria, not quick pump and dumpers to be mining this coin.
On the 47% Coin Distribution Symmetry allocation, yes it's a premine. But, it's never going to hit the market, it will be destroyed via an automated script on an ultra secure private server behind a firewall and NAT. The coins will be destroyed on a regular basis and the burn address will be viewable from the block explorer. There are two benefits from this CDS block.
0% inflation due to proof of work mining.
coinmarketcap is forced to calculate marketcap of NGC based on the entirety of the CDS block in addition to new coins, which gives this coin extra visibility.
Obviously there's going to be lots of, "THIS IS A SCAM" talk on this thread, but can only assure you that we are not and that we are going to be fully transparent about all funds. We have a team of about 5 devs working full time on putting together a proper launch with the latest technologies and we will be successful. Skeptics and naysayers need not join, but if you're ready to create something revolutionary together, please join us at launch. We will try to get P2pool ported for launch also, so that could be available soon too, and we will promote the use of P2pools for enhanced decentralization and increased safety for miners.
Does the Nigerian government keep track of it's citizens with a National insurance number, social security number or anything of a similar nature?
If so you could use that for each citizen to claim?
I never said anything about giving the goverment anything.
What I ment was does the government have some sort of list of all the citizens? you could use it to distribute the coins fairly.
Never give the government anything, especially the Nigerian government, no offense.
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nigeriacoin
(OP)
Member
Offline
Activity: 70
Merit: 10
Re: [PRE-ANN] [NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 25 Launch
March 21, 2014, 03:08:33 PM
#24
Quote from: leigh2k14 on March 21, 2014, 02:38:56 PM
I never said anything about giving the goverment anything.
What I ment was does the government have some sort of list of all the citizens? you could use it to distribute the coins fairly.
Never give the government anything, especially the Nigerian government, no offense.
I still don't follow. Even if we had social security numbers, how would you distribute it fairly?
damiano
Legendary
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
Re: [ANN] [NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 25 Launch
March 21, 2014, 05:06:39 PM
#25
biggest scam coin yet
NutMasterTardd
Legendary
Offline
Activity: 1512
Merit: 1015
Re: [ANN] [NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 25 Launch
March 21, 2014, 05:08:21 PM
#26
AUR clone #1510
GEO, RLC & QRL.
PhattyBanks
Hero Member
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Activity: 644
Merit: 500
Re: [ANN] [NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 25 Launch
March 21, 2014, 05:13:27 PM
#27
last thing we need is Nigerians entering the cryptoworld
nigeriacoin
(OP)
Member
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Activity: 70
Merit: 10
Re: [ANN] [NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 25 Launch
March 21, 2014, 05:13:56 PM
#28
P2pool compatible node created. Please help with other bounties.
https://github.com/nigeriacoin/p2pool
nigeriacoin
(OP)
Member
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Activity: 70
Merit: 10
Re: [ANN] [NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 25 Launch
March 21, 2014, 05:21:41 PM
#29
Quote from: PhattyBanks on March 21, 2014, 05:13:27 PM
last thing we need is Nigerians entering the cryptoworld
That's a terrible thing to say.
ashapasa
Sr. Member
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Re: [ANN] [NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 25 Launch
March 21, 2014, 05:28:06 PM
#30
Quote from: nigeriacoin on March 21, 2014, 05:21:41 PM
Quote from: PhattyBanks on March 21, 2014, 05:13:27 PM
last thing we need is Nigerians entering the cryptoworld
That's a terrible thing to say.
sorry but Nigeria really does not have a good reputation with all the online scams committed by Nigerians.
Have you not heard about the unclaimed millions in about to be frozen bank accounts of dead generals
I am not being racist but it really is the general preception, sorry if I offend you.
nigeriacoin
(OP)
Member
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Activity: 70
Merit: 10
Re: [ANN] [NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 25 Launch
March 21, 2014, 05:32:59 PM
#31
Quote from: ashapasa on March 21, 2014, 05:28:06 PM
Quote from: nigeriacoin on March 21, 2014, 05:21:41 PM
Quote from: PhattyBanks on March 21, 2014, 05:13:27 PM
last thing we need is Nigerians entering the cryptoworld
That's a terrible thing to say.
sorry but Nigeria really does not have a good reputation with all the online scams committed by Nigerians.
Have you not heard about the unclaimed millions in about to be frozen bank accounts of dead generals
I am not being racist but it really is the general preception, sorry if I offend you.
This perception is acknowledged in the whitepaper. But, sadly, the Nigerian people are some of the most oppressed in the world when it comes to financial governance and equality. They can really use assistance from the world in the adoption of a peer-to-peer currency this NGC to free them from their financial slavery and inequality. Being able to sell goods and services abroad without worrying about remittances in a corrupt local currency would just be the start.
damiano
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
Re: [ANN] [NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 25 Launch
March 21, 2014, 05:34:48 PM
#32
Quote from: nigeriacoin on March 21, 2014, 05:32:59 PM
Quote from: ashapasa on March 21, 2014, 05:28:06 PM
Quote from: nigeriacoin on March 21, 2014, 05:21:41 PM
Quote from: PhattyBanks on March 21, 2014, 05:13:27 PM
last thing we need is Nigerians entering the cryptoworld
That's a terrible thing to say.
sorry but Nigeria really does not have a good reputation with all the online scams committed by Nigerians.
Have you not heard about the unclaimed millions in about to be frozen bank accounts of dead generals
I am not being racist but it really is the general preception, sorry if I offend you.
This perception is acknowledged in the whitepaper. But, sadly, the Nigerian people are some of the most oppressed in the world when it comes to financial governance and equality. They can really use assistance from the world in the adoption of a peer-to-peer currency this NGC to free them from their financial slavery and inequality. Being able to sell goods and services abroad without worrying about remittances in a corrupt local currency would just be the start.
It was mentioned earlier, but im sure most nigerians dont have computers so how will this be used
mitsarasss
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Re: [ANN] [NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 25 Launch
March 21, 2014, 05:40:35 PM
#33
CountryCoin without 50% premine??? WoW!!!
nigeriacoin
(OP)
Member
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Activity: 70
Merit: 10
Re: [ANN] [NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 25 Launch
March 21, 2014, 05:43:46 PM
#34
Quote from: damiano on March 21, 2014, 05:34:48 PM
It was mentioned earlier, but im sure most nigerians dont have computers so how will this be used
You're right. However that is changing rapidly.
Quote
Internet Usage Statistics:
45,039,711 Internet users as of Dec/2011, 26.5% of the population, according to ITU.
http://www.internetworldstats.com/af/ng.htm
On distribution, we haven't figured it out yet and it's possible that we never will. If someone can actually figure out fair distribution to the Nigerian populace, please contact us. Instead we are going to donate towards Nigerian non-profits and those proceeds and campaigns will be 100% transparent. Any crowdfunded campaign done through a reputable escrow and NGO for the benefit of the Nigerian people will receive developer funds towards their goal. We want a community that cares about Nigeria, not quick pump and dumpers to be mining this coin.
bramvnl
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Re: [PRE-ANN] [NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 25 Launch
March 21, 2014, 05:50:28 PM
#35
Quote from: afong9 on March 21, 2014, 07:29:50 AM
发行商有没有能力回购电子货币?有多少回购能力?
不要让苦逼矿工们电费都赚不回来.
要是没有能力的,那就是圈钱币或者发射后几天就死亡的币(目前太多这种类型了)
希望没有能力回购就不要发布新币.
让我们当个快乐的矿工吧.
i dont get it lol xd
nigeriacoin
(OP)
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Re: [PRE-ANN] [NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 25 Launch
March 21, 2014, 06:02:04 PM
#36
Quote from: bramvnl on March 21, 2014, 05:50:28 PM
Quote from: afong9 on March 21, 2014, 07:29:50 AM
发行商有没有能力回购电子货币?有多少回购能力?
不要让苦逼矿工们电费都赚不回来.
要是没有能力的,那就是圈钱币或者发射后几天就死亡的币(目前太多这种类型了)
希望没有能力回购就不要发布新币.
让我们当个快乐的矿工吧.
i dont get it lol xd
It seems google translate failed me too.
bengtåke
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confused developer
Re: [ANN] [NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 25 Launch
March 21, 2014, 06:44:10 PM
#37
BTC: 1HoDKDn6Gk7mggAhbRVA1T9UAU8kFAA6sy
Infectiphibian
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Re: [ANN] [NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 25 Launch
March 21, 2014, 07:01:22 PM
#38
Next we should have a coin for Somalia. Those poor Somali pirates are only kidnapping people for ransom because they have no choice. If if wasn't for the greedy merchants sending there ships through those waters, the Somali people would not have the opportunity to be a pirate.
nigeriacoin
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Member
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Re: [ANN] [NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 25 Launch
March 21, 2014, 07:22:16 PM
#39
Quote from: Infectiphibian on March 21, 2014, 07:01:22 PM
Next we should have a coin for Somalia. Those poor Somali pirates are only kidnapping people for ransom because they have no choice. If if wasn't for the greedy merchants sending there ships through those waters, the Somali people would not have the opportunity to be a pirate.
I don't know how you can compare Somali pirates and rebel warlords with guns to 419 scams from some guy sitting behind a computer terminal.
Infectiphibian
Newbie
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Re: [ANN] [NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 25 Launch
March 21, 2014, 07:33:38 PM
#40
Quote from: nigeriacoin on March 21, 2014, 07:22:16 PM
Quote from: Infectiphibian on March 21, 2014, 07:01:22 PM
Next we should have a coin for Somalia. Those poor Somali pirates are only kidnapping people for ransom because they have no choice. If if wasn't for the greedy merchants sending there ships through those waters, the Somali people would not have the opportunity to be a pirate.
I don't know how you can compare Somali pirates and rebel warlords with guns to 419 scams from some guy sitting behind a computer terminal.
I didn't realize that there is acceptable levels of crime to sympathise for. If you're one for equality, don't discriminate one criminal over another. You should embrace all crime.
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===> Tablica ogłoszeń
===> Alternatywne kryptowaluty
=====> Nowe kryptowaluty i tokeny
=====> Tablica ogłoszeń (altcoiny)
=> Português (Portuguese)
===> Primeiros Passos (Iniciantes)
===> Economia & Mercado
===> Mineração em Geral
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===> Criptomoedas Alternativas
===> Brasil
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=> Русский (Russian)
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=====> Барахолка
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=> Română (Romanian)
===> Anunturi importante
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===> Bine ai venit!
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=====> Anunturi Monede Alternative
=> Skandinavisk
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===> Konu Dışı
===> Yeni Başlayanlar & Yardım
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=> Other languages/locations
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