[ANN][STD] StandardCoin - BUILT-IN EXCHANGE - Permanently Rising Rate

[loicatraile]

another question.. how about if all initial investors want to withdraw BTC and Miners also .. there would not be enough BTC to give away

[1715329545]

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[1715329545]

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[1715329545]

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[sandman33]

another question.. how about if all initial investors want to withdraw BTC and Miners also .. there would not be enough BTC to give away

Yeap its a ponzi system with fancy layout who ever cant see it he deserves to get scammed.

Also miners will be the big victims here as the value of the standarcoin will not be enough to cover electricity cost.
Not to mention there isnt any point for miners to exist in this system, this is just a ponzi system in which developer put miners in the game to justify that this is a cryptocoin and he gently described this situation as "coin mostly for investors".

[standardcoin]

another question.. how about if all initial investors want to withdraw BTC and Miners also .. there would not be enough BTC to give away

WRONG!!!
Even if all initial investors, future investors and miners want to sell their STD for BTC, there is always enough BTC for them.  That is how the system designed.
For example:

Current AMC is 40 BTC. Total stored STD for new investors is: 200,000,000 (50% coins of network). Investor 2 invests 40 BTC.

• AMC is now increased to 80 BTC.
• Investor 2 will receive: (40/AMC * stored STD) = 40/80 * 200,000,000 = 100,000,000 STD
• "kernel" : "scrypt",
• The new stored STD is: 200,000,000 - 100,000,000 = 100,000,000 STD

All STD is guaranteed to be bought back to the store at 20 satoshi, No matter how many STD is bought back, the GER won't fall.
The initial investors are now doubled their investment as the GER is doubled.

We now have 80 BTC stored to buy back STD.
The GER is 20 satoshi.
Total STD in circulation: 300,000,000 STD (including the STD that hasn't been mined yet).
Even if miners mined all STD, investors dump all their STD at 20 satoshi, it only needs 60 BTC to cover them all.

[loicatraile]

another question.. how about if all initial investors want to withdraw BTC and Miners also .. there would not be enough BTC to give away

WRONG!!!
Even if all initial investors, future investors and miners want to sell their STD for BTC, there is always enough BTC for them.  That is how the system designed.
For example:

Current AMC is 40 BTC. Total stored STD for new investors is: 200,000,000 (50% coins of network). Investor 2 invests 40 BTC.

• AMC is now increased to 80 BTC.
• Investor 2 will receive: (40/AMC * stored STD) = 40/80 * 200,000,000 = 100,000,000 STD
• "kernel" : "scrypt",
• The new stored STD is: 200,000,000 - 100,000,000 = 100,000,000 STD

All STD is guaranteed to be bought back to the store at 20 satoshi, No matter how many STD is bought back, the GER won't fall.
The initial investors are now doubled their investment as the GER is doubled.

We now have 80 BTC stored to buy back STD.
The GER is 20 satoshi.
Total STD in circulation: 300,000,000 STD (including the STD that hasn't been mined yet).
Even if miners mined all STD, investors dump all their STD at 20 satoshi, it only needs 60 BTC to cover them all.

chill man i´m only asking..
 What about this scenario..

Current AMC is 40 BTC after valuation phase so each Std worths 10 Satoshi. You have 40BTC to backup withdraws.
1.-You don´t get any future investors quickly.
2.-Miners begin to mine and sell as they always do
3.-Lots of initial Investors decide to invest somewhere else so they also withdraw a big amount ..say 20 BTC
4.- I know the price for STD keeps the same but now there are only 20 BTC to pay for the miners. If they keep mining and no one is quickly playing the part as future investor there wont be any BTC to backup miners selling's.

Maybe im still missing something

[standardcoin]

another question.. how about if all initial investors want to withdraw BTC and Miners also .. there would not be enough BTC to give away

WRONG!!!
Even if all initial investors, future investors and miners want to sell their STD for BTC, there is always enough BTC for them.  That is how the system designed.
For example:

Current AMC is 40 BTC. Total stored STD for new investors is: 200,000,000 (50% coins of network). Investor 2 invests 40 BTC.

• AMC is now increased to 80 BTC.
• Investor 2 will receive: (40/AMC * stored STD) = 40/80 * 200,000,000 = 100,000,000 STD
• "kernel" : "scrypt",
• The new stored STD is: 200,000,000 - 100,000,000 = 100,000,000 STD

All STD is guaranteed to be bought back to the store at 20 satoshi, No matter how many STD is bought back, the GER won't fall.
The initial investors are now doubled their investment as the GER is doubled.

We now have 80 BTC stored to buy back STD.
The GER is 20 satoshi.
Total STD in circulation: 300,000,000 STD (including the STD that hasn't been mined yet).
Even if miners mined all STD, investors dump all their STD at 20 satoshi, it only needs 60 BTC to cover them all.

chill man i´m only asking..
 What about this scenario..

Current AMC is 40 BTC after valuation phase so each Std worths 10 Satoshi. You have 40BTC to backup withdraws.
1.-You don´t get any future investors quickly.
2.-Miners begin to mine and sell as they always do
3.-Lots of initial Investors decide to invest somewhere else so they also withdraw a big amount ..say 20 BTC
4.- I know the price for STD keeps the same but now there are only 20 BTC to pay for the miners. If they keep mining and no one is quickly playing the part as future investor there wont be any BTC to backup miners selling's.

Maybe im still missing something

StandardCoin don't need any future investors to backup withdraws at GER.
Remember that the maximum amount of STD Initial Investors can get is: 100,000,000
Future Investors: 200,000,000
Miners: 100,000,000
So the maximum amount of BTC initial investors can withdraw at 10 satoshi is: 10 BTC.
Maximum amount of BTC miners can get withdraw at 10 satoshi is: 10 BTC.
Maximum amount of BTC future investors can get withdraw at 10 satoshi is: 20 BTC.
The amount of BTC stored always matches the amount of total STD in the network.

[madmartyk]

Oops Tomorrow!!!

[hero18688]

Looks like the wallet has unique features.But your choice of algo is not good.Anti-asic new algo should be better.

[MiningCamp]

BTW its not too late to change it to ASIC-resistant algo.

[Prominence]

If I wanted STD, I'd go outside.

[standardcoin]

Password Protected Wallet is Uploaded. Password will be released on launch.
Download here: https://standardcoin.net/

[AcidSplash]

"Nobody is depositing anything. The exchange works like this..."

If the exchange works like you say it does it is a pretty unique idea.

However, if the exchange doesn't work like you say it does then who's to say you can't just loophole all the BTC to your own personal BTC address?

Or how do we know the software is secure enough so that someone doesn't do the same?

Blind trust is the biggest issue.

[standardcoin]

"Nobody is depositing anything. The exchange works like this..."

If the exchange works like you say it does it is a pretty unique idea.

However, if the exchange doesn't work like you say it does then who's to say you can't just loophole all the BTC to your own personal BTC address?

Or how do we know the software is secure enough so that someone doesn't do the same?

Blind trust is the biggest issue.

The exchange has 3 layers.
The website at: http://standardcoin.net/ is nothing but a web interface.
The cron server which update the database and interact with the coind is on another server.
The coin daemon holdings STD and BTC are on a server in private secured network which can only be accessed by the cron server.
Plus, Most coins are stored in cold wallets. Only 10% of the coins are on the server.

As I said before. The most risky part when investing is the Price Valuation Phase because the exchange can not send STD to you immidiately. We will have to wait for the Phase to end and let the exchange calculates the amount of STD for each initial investor.
At the Free Market Phase, exchanging works instantly and automatically.
So if you are afraid to lose your BTC, you can wait until the Price Valuation Phase is ended.

[loicatraile]

So an investment is always risky and more in the cryptocurrency-world.
Im going to support this coin because i think the idea is really new. If i lose my BTC well .. so is life

If i understand well.. the price valuation phase last 10 days?

[illiki23]

I would not be surprised if the people who tried to launch InstaPay are behind this.

Same attempt at an unsustainable ponzi-scheme but with a little rewording.

[Hundsstern]

http://www.crycoco.de.vu/

[lolcoind]

http://STD.okaypool.com/

Reward System: Full Stratum/Vardiff system with PROP
Server Location: Europe / America
Pro Hardware: Connections: 10 gigabit network hypervisor/storage. Direct connection to AIMX, MSX
Storage: Fast ZFS based environment with SSD cache and 32 disks.
CPU: Xeon 64bit / 16 powerful CPU cores
Ram: 128 GB RAM.

Security:
Two different geo-locations Hot wallets (primary and instant back-up).
Offline secured cold Wallet.
Automated back-ups and warning system for operators.
Ddos protecion.

[Dotcommie]

You spelled "permanently" wrong on your site banner.

[superking123]

http://std.altcryptomining.com
Special Bonus for Standarcoin -- 0% mining fees for life guaranteed
VARDIFF
Prop Payout
High speed east coast server
OPEN NOW FOR PRE-REGISTRATION
Come join us and get some STDs

[timerland]

another question.. how about if all initial investors want to withdraw BTC and Miners also .. there would not be enough BTC to give away

Yeap its a ponzi system with fancy layout who ever cant see it he deserves to get scammed.

Also miners will be the big victims here as the value of the standarcoin will not be enough to cover electricity cost.
Not to mention there isnt any point for miners to exist in this system, this is just a ponzi system in which developer put miners in the game to justify that this is a cryptocoin and he gently described this situation as "coin mostly for investors".

Yes it is a ponzi scheme...

[androidboss]

看起来不错，我想试试