THE REALCOINUPDATE: The RLC creators have decided to revise the current plan and bring to life something even more different than BTC.
This was decided after 2-3 members of the BTCtalk posted some very good ideas and suggested ways in order to differentiate from BTC.
The announcement of the revised RLC will be done in the following days. It will be created having in mind the average Joe, the businessman/merchant, the advanced user as well as the experienced user (miner).
The launch day of course will probably roll back some days.
This thread will be locked and a new opened when the revised plan is ready to be announced.
Thanks to all for your valuable comments and hoping to bring some fresh air to BTC.
About RealCoinImportant Statement
: RealCoin’s view towards BitCoin is friendly. The whole BitCoin community is respected and it’s what helped get to this point. RealCoin is NOT competing against BitCoin. It will peacefully co-exist with BitCoin and exchange ideas as well as trade knowledge. RealCoin has sustained some changes compared to BitCoin and will sustain more changes as we go. It has a key difference as well as a very different route to follow.
First of all, it has been created by Internet Marketers for Internet Marketers as well as Business Owners and Consumers.
Secondly, it will follow a different path from BitCoin since the RealCoin community will work as a completely independent community (apart of course from the occasional exchange of knowledge). RealCoin is supported by a professional, dedicated and highly efficient team of developers(the Bitcoin Consultancy)* who are also developing several other projects around BitCoin.
Lastly, it should be noted that the biggest difference with BitCoin is that there will be no early adopters. The launch is scheduled at a later date so everyone will have the chance to get in at the very beginning.
Having said that, RealCoin will gear towards:
: The client is very easy to use and will become even better as we go with added functionality and features
: Payment gateway integration, Buy now buttons etc.
: Different services for personal, point-of-sale and international trades including mobile phone apps, POS machines etc.
: 100% secure plus guaranteed low cost fees
The client will be available to everyone on January 27. As a security measure the source code will not be available for now. This is done to protect it during the earlier stages.
RealCoin uses the same algorithms as Bitcoin in terms of reward, difficulty etc.
How is it different from Bitcoin?
RealCoin will start as a pretty similar coin to Bitcoin (in terms of functionality) but will early gear towards making the client lighter, more friendly for regular internet users and add many functions (such as simple payment integration buttons) in the client that will help online and real world businesses easily accept RealCoins without any hassle. To explain this as simple as possible, it will gear towards providing the internet marketing community with something a lot better than Paypal is right now.
How can I get some RealCoins? RealCoins can be acquired in a number of ways. Let’s take a look:
· RealCoin Faucet
: A predetermined amount of RealCoins will be distributed to the first 10,000 people to join
· RealCoin Exchange
: A regular exchange where fiat currency such as the $/€/etc can be exchanged for RealCoins
: The 1st RealCoin client will have CPU mining already enabled on it so every user will be auto mining with the option of turning it off. For the earlier stages of RealCoin, mining will be done only through the official client
: Trading as in providing services/products and getting paid in RealCoins
Since RealCoin wants to get up to speed with Bitcoin, there will be premined coins (in block #1).
The initial distribution of the pre-mined coins will be close to 8,200,000 in order to match the number of BitCoins at the specific date that RealCoin will launch (January 27th).
The 8,200,000 RLC (RealCoins) will be broken down to:
· 6,000,000 RLC
that will be distributed through the exchange to anyone interested in buying
· 1,050,000 RLC
that will be kept aside for the R&D and A&P explained below
· 1,050,000 RLC
that will be distributed between the founders and investors to hedge the risk taken for this project explained below as well
· 100,000 RLC
given away for free from the RealCoin Faucet to the first 10,000 people who help get the project goingR&D/A&P
: R&D stands for Research and Development and A&P stands for Advertising and Promotion. A specific fund will be created containing 1,050,000 RLC that will be used towards the future development of RealCoin as well as the promotion of it.Founders/Investors
: The team of investors together with the founders of RealCoin spent a bit more than $10,000 for the development of RealCoin and therefore 1,050,000 RLC will be used to hedge the risk taken for this project as well as insure the continuous development of RealCoin. In addition, the official exchange will have no fees in the beginning (the money for it to keep running will come out of the investors’ pockets) until its deemed necessary to charge a very small fee (e.g. $0.25) just to make sure that the exchange is not running at a cost.RealCoin Fund
: All the fiat currencies amassed from the initial distribution of the 6 million RLC will go to the Fund which will be the base to build new businesses around the RealCoin. There will be a list of businesses, services and products and the Fund will bring all these things to life. This simply means that all fiat currency ($/€/etc.) will be thrown back into the RealCoin economy thus making it even stronger.
These businesses, services, products etc. will be run by YOU. The best possible solution for the RealCoin to take off is for the businesses/services/products to be community driven. This simply means that you will be able to start a new business within the RealCoin network and you will be funded from the fiat currencies amassed at the exchange. It is common sense that everyone cannot be funded since the amount will be limited and also there will be strict criteria for choosing someone to be funded to start a business.
The RealCoin Fund will be operated by a team of people who will be picked based on certain skills such as a background in economics, programming, management etc. Each one of the members of this community will be treated the same and will be given the chance to post his/her resume with a potential call for an interview to finally become a member of the Fund’s committee.
The RealCoin community will be a fair and equal place for everyone and this means the creation of a set of rules that will be posted and be in effect at all times.
The pre-mined coins that will be distributed through the exchange (6,000,000 RLC) will be given at a specific rate, within a specific time frame and following certain rules. Let’s see some details:Time frame
:The 6,000,000 RLC will be distributed within 30 daysRate
:At a rate of 200,000 per dayPrice
: As previously explained, a bit more than $10,000 was invested into this project in return for 1,050,000 RLC to the investors. Doing a simple division you get an exchange rate of around $0.01 per RLC which seems as ideal for the introduction of the coin to the exchange. Therefore the first batch of 200,000 that will be exchanged through the exchange the very first day will be for a price of $0.01 per RLC.
RealCoin’s target is to become a very strong currency and the first goal is to reach an exchange rate of $1 per RLC. By achieving this, the RLC will already have a very huge advantage over most other digital currencies as well as fiat currencies.
Benefits from joining this project include and are not limited to:
· Community driven network
· Complete control of your financial assets
· New, strong, emerging economy
· New, strong, emerging technology
· Open source funding
· Opportunities for startups and new business models
· Your current business model available to a network of potential customers
· More profit for your business through higher demand as well as lower/zero costs
· Being part of a network that could change your life in many waysThe launch date for the RealCoin is January 27th.
*[Statement from the Bitcoin Consultancy
: The Bitcoin Consultancy was contracted by TheGlobber (Antonios Metaxiotis) to develop RealCoin. We highly encourage the development of competing digital currencies based on the decentralized Bitcoin platform. In the relatively short future, we envision an evolution of digital currencies competing in a rich ecosystem. As it stands now the mission of RealCoin is not to compete with Bitcoin but to eventually provide a different service more adapted to Internet Marketing. While RealCoin is not a project headed by the Bitcoin Consultancy, we plan to continue to work with RealCoin managing its technical development. Our hope is that RealCoin demonstrates an alternative application of the Bitcoin software for private business and independent communities alike.]