[OSC] opensource coin -- visions, goals, and words of inspiration

[BitcoinNational]

visions, goals, and words of inspiration

post below


MAIN
https://bitcointalk.org/index.php?topic=268705.msg6611668#msg6611668

[BitcoinNational]

got an idea
get up and do it

sink your
blood and treasure into it
show
proof of work

fail but learn
do it again
fail but learn even more
do it again and again
and win

proof of concept
we copy what works already
play with it a little
and discover something newer something better
that's the idea of open source

lets provide the software, technical know how, and means to empowering people, the world around
lets provide the SOURCE
open and free tools
open and free ideas


the people in crypto
the people in tech
are more important than ever

We are Information Tech Knowledge -ist

We are reinventing the world
providing Open and Free ideas (code)
2 de-central-lized the way things are

we will
we can
and we are
reforming anything
everything

if you know where you are going
then the whole world will step out of your way

lets draw a map
mark the path
and move the world

--

Success begins with a positive attitude, it is the most valuable asset we may own.

[BitcoinNational]

I'm one of those people who feels that ownership of a coin comes from more than just having some coins in a wallet and that real investment comes from participation.

If you'd like a refreshed wallet, let's see some ideas and get a conversation started.  

To the h8ters::

This is a great Dev Team.
(they build the network and the QT)(they code)

The market cap is not thier problem, it is the communities, it is mine and yours.

 

We now have more technical resources at the core to back a great algo design.  

Yes slow and steady wins.  Do your homework, get smarter every day.

Build solid a market floor and raise the T/Hash/s.  Already moving ... way ... up.  

Let us participate.  Others can watch as we do.

Do what? Change the world.  

Open Source $$, just keep thinking about that!  


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the foundational key :: OSC = $$$ =  true =

$$ = value
build value on the OSC blockchain
blockchain = the decentralized, distributed, open source, encrypted P2p cloud-computing platform

i.e. platform = P2p.NET(open source code)-->value

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35,000 T of GLD / china has at least 3500 T / 10%
*bankers listed bullion

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We are not waiting for things to get done.
We are making them happen.

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The genesis block has been minted.
  
"Pledging" to freeze some coins is a good first step, to getting notice from OSC peers.    

The block chain will keep record.  Honest players will be known in due time.  

Merit, creditials, and reward earned all in one simple public act.  


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Great idea! Feel free to start working on this whenever you want.

The community is entirely opensource.
Anyone who wants to contribute, can and should, no need for permission.
Just do IT!

NOT "You should do xyz"
BUT "I am doing xyz"

i encourage you to go forth and do so

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Working together benefits everybody in the OS Coin community and it creates a tight bond between each other.

Anyone interested to add his/her personal skills, abilities, knowledge or expertise on behalf of the community are warmly welcomed!

The rock bottom of OS Coin will be the community itself. Just like Wikipedia, OS Coin will encourage the community to develop and promote services and platforms even further. OS Coin users will be granted a part of the responsibility for the future development of projects and services around OS Coin cryptocurrency. OS Coin Development team will work together with the whole community as a big organism to reach the goals.

Collaboration is one of the corner stones of OS Coin and as a group projects activate the Development Team of OS Coin will encourage the community members to join for developing to gain bounties and prizes offered.

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[BitcoinNational]

opensource coin supports transparency and open source tools and platforms to maintain a sustainable and reliable OPEN internet of things and information and VALUE.

opensource transaction process is secured by the miners who dedicate their computer processing power to maintain the network together. Every new and existing miner creates stability and strengthens the opensource coin network.

OPEN SOURCE star alliances

/ opensource ORG
/ OpenSSL
/ OpenBSD
/ GNU
/ mozilla firefox
/ linux
/ wikimedia http://wikimediafoundation.org/wiki/Our_projects
/ github
/ OS SEC http://seclists.org/oss-sec/


wikiCoin http://wikicoin.wikia.com/wiki/WikiCoin_Wiki
orgCoin
dataCoin
FLOcoin http://florincoin.info/messages
anoncoin
darkcoin
netCoin
nameCoin
iCoin
timeKion
bitshares

http://walletgenerator.net/
http://www.highcharts.com/

[BitcoinNational]

Without a dedicated dev, no coin can succeed.

Without a purpose (funtional use/utility), no coin can succeed.

Without a growing and faithful community, no coin can succeed.


team -dev
team -marketing
team -community
FOUNDATION


community = communication

Without communication, no community can succeed.

[BitcoinNational]

As more people learn about the utility crypto, rising demand will come from community members who are interested in either storing wealth, or investing to profit from such demand.

This new phase which leaves volatile inflation behind can be called the capitalization phase. During this phase of the OSC’s lifecycle there will be many opportunities for skilled investors to provide liquidity where the price rises too quickly, and to provide demand when a low price does not correctly reflect its potential.

The fundamental shift that drives this capitalization will be a demand for real crypto-currencies which represent an honest and fair medium of exchange PLUS wealth storage.

PLUS a coin which creates a new economy and new industry. Open Source tools and platforms and Tech support for such technologies.

A reliable store of wealth is a necessary part of a healthy crypto-ecosystem and we will see the demand rise as markets shift from the legacy debt-based economy to a fair and open economy enabled by these OPEN technologies.

As  the crypto-ecosystem continues to mature, trust is built amongst the community attracting the attention of larger holders of capital.

This general progression may go from hobbyists, miners, and small investors, to small business, large businesses, multinational corporations, financial institutions, and sovereign entities. There are no distinct lines that are crossed but each group influences aggregate demand throughout the capitalization phase.

Investors provide liquidity as the new demand is realized. This process helps to stabilize the overall price trajectory as capitalization continues through a changing demand profile.

The greater the trust in Open Source’s ability to store wealth, the more stable its value measured against other commodities becomes. The capitalization phase will eventually give way to the long term store of wealth phase in which Open Source may gain recognition as a safe haven asset.

[BitcoinNational]

Monetary Base

The Monetary Base of a currency is the total number of units of a currency that are in existence. The monetary base can expand or contract. Expansion happens through mining and minting, while contraction occurs if a wallet is permanently lost, or by long term cold storage.

Market Fundamentals

The cryptographic currency market can naturally be seen as part of the greater foreign exchange market which includes all  fiat currencies, stocks, bonds, and commodity contracts.

Market Capitalization can simply be seen as the total amount of capital that has been invested into a currency.  Market capitalization is calculated by multiplying the unit price by the number of units.  From an investment point of view, market capitalization is a measure of popularity but not necessarily profitability.  Investors are primarily concerned with the unit price because this is the direct value of what they hold. If the capital inflow is directly balancing against the expansion of the monetary base (paying the maintenance cost) we will see an increase in market capitalization over time, without an increase in unit price.

Capital flows can be understood when we realize that there are many different reasons to hold a crypto-currency.

OSC can be held to spend/donate, held to save value/store of wealth, held to invest in the concept/enterprise, and used to move funds from one person, place, or market to another.

Each of these actions has an implied positive effect on the market capitalization. But can OSC fill all roles?

No one crypto-currency cannot fill all roles, perfectly.

We must look at the ideal fundamentals for each role.

A store of wealth currency  must have a low inflation rate to preserve capital and reduce volatility, and can encourage holding by providing interest.

A market currency must encourage spending by inflating to match the size of its expanding economy as more participants hold to spend.

A market currency should have a high inflation rate to encourage liquidity and high volume access to many different markets.

An equity currency should be undervalued and have growth potential.  Plus a means to pay dividends to holders.

A transmission currency must have liquidity and high volume in many global locations/exchanges and converted with ease from crypto to fiat.

/ store
/ spend
/ enterprise invest equity
/ transmission wire

the balance
store / enterprise invest equity / <<>> spend / enterprise services / transmission wire

[BitcoinNational]

My vision for OSC is a fast secure, online currency recognized by reputable online vendors as the leading choice for online payments while maintaining transaction speeds that are convenient enough to facilitate every day use for in person transactions.

Services are coming for OSC that i hope will entice atleast one or two vendors to adopt OSC as an acceptable form of payment, but it seems like an Exchange could facilitate the rise necessary for vendors to accept OSC for payments.

r3wt [Ocoin OSC Information: post #27 Posted 03 October 2013]

[BitcoinNational]

Are there any plans on how to achieve this to get more cryptologists and open source enthusiasts involved?
herbe.deftig https://cryptocointalk.com/topic/1180-ocoin-osc-information/page-3

GET open source enthusiasts involved ...  live up to the name!

a distributed team of developers and no such thing as a single authority

a kind of voting system to get an idea of the desired implementations the community has agreed upon

a transparent project development

a reward system for the developers who write the code

a framework for continuous improvement and the coordinated implementation of newer technology in terms of the general good

tl;dr
The community behind the coin is the key.

[BitcoinNational]

Nautiluscoin Ocoin Stabilization Fund:
 
Ocoin  Trading and Stabilization Operations

One percent of Nautiluscoin Ocoin was purchased on the open market and is used to establish the Ocoin Stabilization Fund (OSSF).

The OSSF will actively make a market to ensure a stable growth pattern.

The goal of the OSSF is to reduce price volatility while providing steady price appreciation.

By allowing for price appreciation, the OSSF will combat the effects of inflation on purchasing power.

Explained

currency as a commodity that should compete for acceptance.  
competition creates the strongest currency


use either a currency peg system or daily band.

However, as we have seen countless times these systems are flawed. Once the market realizes the entity responsible for maintaining the peg is under-capitalized people abandon the currency. For a real life example we need not look any further than the breaking of the Bank of England. - it can be overwhelmed.


A Real Life Example

The creation of the Get OSC shirts is a real life example of why a stable currency is needed.  Between production and shipping the shirts will cost around $18-20 -charging 2000 OSC for the shirts, which at current exchange rates is about $18.  If miners decide to sell and the rate drops to 0.0001 BTC then value 2000 OSC drops to $9, leaving loss of $11 per shirt.


O Coin Multi-Pool

multi-pool has a one primaray goal:

Increasing the value by mining the most profitable alt-coins and exchanging them against O Coins.

O coins will be paid out to the miners of the multi-pool.


sovereignty
the nation state (king,warlords)
force use by monopoly of law/law enforcement
demand usage in the market and tribute by said coin [tax]
post 2008 currency can be created by individuals
value is gained by adoption
adoption creates sovereignty
the community
(globally distributed)
becomes a
sovereign

Advanced Block Chain Finance

creating / building / maintaining
stable financial instruments
capable of carrying vast amounts of wealth
safe, secure, on open networks

more economically efficient than Bitcoin

Roadmap
There are three keystones to our plan:
1.   Organize a Community around open source
2.   Gain Acceptance with retailers (because they want to exchange with the community)/done via OpenEx
3.   Continuous Development of coin, community, and open source codes

the key to 'true' (vs. pumped or hyped) VALUE over the long haul
long term value

useful, valuable, and innovative

supportive creative community

a strong secure blockchain
attractive features
community
on which to build trust

True value is built up from trust and a strong blockchain and takes time.
True value is built up from the solid support of dedicated developers and miners.
True value is dedicated investors and community participants in it for the long haul.


features that 'tie up' in any fashion should be implemented with caution

Quote
I tried to explain bitcoin some time ago to an older woman.  She smiled at me and said 'oh honey, that sounds wonderful but those rich people are never going to let us poor people get rich like they are'

As long as 'we' control the network, 'we' can make the rules.

Coins provide us with capital needed for growth, development, and execution of both non-profit
and for-profit projects in the crypto ecosystem.

project lead
The guy running around everywhere trying to make sure the pieces of the puzzle are coming together nicely

Core Leadership team
team managerz

community strengthens the coin?
No. community is the coin.

vision for the future
community via ownership
the reward for being part of the community is holding the coin

The idea is that we can grow our coin by creating projects where the coin can be used. 

No longer are there be countless intermediaries between investors and entrepreneurs.

Dream of developing a coin that is centered around doing good with its own identity, wallet, projects.

A loyal following of not just investors, miners, techs and developers but everyday fans alike that believe in what Ocoin stands for.
open source

food for thought

USA/UK/CA/JP
EU
RUSSIA CHINA

which ones are allowing crypto2fiat?
(nevermind the jawboning)

JP=economic blackhole GOX (silk road / 800k missing BTC / Nov-Jan bubble price fixing)
UK=deadend for ex .. GBLSE?
USA=tightly regulated
CAN=vos only for canadians

EU = AML/KYC tightening (stamp going gox//also the bankers are who?)

RUSSIA
CHINA
leading market floors

ASEAN/HK
can you say proxy
but for who

step back look at the bigger picture and recent world events:
Syria, Ukraine, a missing flight out of KL headed to China, and Siam (shin corp / Carlyle) ousted.

coin is being transferred to new leadership, and it will be for the best. i simply don't have the time to dedicate to the project. hopefully the new dev's can pick up where i left off with lobbying the Open Source Foundation for recognition.

Lobbying the Open Source Foundation for recognition

OSC

digital autonomous corporation / co operation
self propagating self funding platform
open source software projects

a BIG community based project
those who want to contribute hold and/or develop
why not both?

continuous development project for open source software
/ OSC = operating systems community

A coin A project
based on a open set of rules
SOFTWARE THAT FUNDS ITSELF

funds are automatically distributed by code/algorithm
to the developers / writers / projects

the program funds itself
the programs fund themselves

value is increase by open trust pledges
Stabilization [timed burns / frozen / cold storage] [multipool mining/buybacks]

self funding developments
well funded open source platforms

+providing
software, servers, storage, bandwidth

+providing
volunteerism with financial rewards

+providing
services
infrastructure
data

+providing
creating blue prints for the DAC realm

what happens when you take open source and tie it to an open source funding mechanism?
you get open source coin

examples

check-ins of code (fee) per request
supply bandwidth (fee) per request
+coders work on funded github projects (sub DACs)
+sysadmins, copy writers, graphic artist work for (fee) per project/enterprise operation

circular economy
synergy >> more development >> more synergy [loop]

don't be evil
can't be evil
because code
/ there is no individual to corrupt

it is an idea
it is open to all


distributed consensus

[BitcoinNational]

I find these discussions about anonymous vs transparent blockchains a bit superfluous.

Authorities aren't going to give 2 flying sods whether a particular blockchain is anonymous or not. They're not going to "love one and ban another". As soon as one is untraceable they all will be as far as regulations are concerned. There are going to be millions of "cryptos" out there in a few years of every conceivable singing and dancing technical description.

Anonymity is important in any financial system to protect commercial interests and competitiveness. Nothing to do with criminality. How would everybody feel if all their bank statements were available down at the public library ? Or if I was a clothing retailer and could check up on all my competitors cash sales movements ?

But threat to the mainstream financial system is nothing to do with transaction anonymity (although that does make it commercially attractive). It's the fact that cryptocurrencies are unlevered BASE MONEY.

Base money has been kept out of the hands of the public since the days of before the Federal Reserve, because the general public having access to base money of any type or value basically amounts a run on the banking system. Base money is a definition. It doesn't imply value - the market gives it value - it implies that it's the end of the line in a chain of trust managed by counter parties (in this case, central and commercial banks).

The anonymity thing is a total distraction as far as regulations go. If cryptocurrencies ever gain a substantial foothold in the mainstream economy they will melt the debt based banking sector like lava to a waxwork. It's just simple arithmetic because of the massive leverage that has built up over base money during the last 50 years. Why do you think the Chinese are so desperately trying to plug the holes in their system ? They've not been able to touch cryptos - they have had to do it by regulating fiat. But if people actually start using cryptos for goods and services then they're screwed because you can't stop them passing strings of letters and numbers around or block every single Port 8333 on every PC in the world.

Regulators are basically clueless about cryptocurrencies and will probably never have a chance to catch up with them before it's too late. You only have to watch those videos on the New York hearing to see that.

The idea that they "like" cryptos because the blockchain's transparent is ridiculous. All you have to do to launder money is to pass it through an exchange and maybe through another crypto and back.

Darkcoin is getting valuable because it has promised the ONE thing that cryptos are missing which the fiat system does have - commercial privacy.