Dear BitCoinTalk Community,
We apologize for our delayed response. The quick and overwhelming reception to Latium has kept us busy since our launch. We would like to take this time to address the concerns, issues and questions regarding Latium. We hope you'll respond with more questions and allow us the appropriate time to digest and answer them.
To fully understand Latium requires a paradigm shift in how people typically think about cryptocurrencies. Many coins are created without a long term plan for viability. Latium was designed with a primary focus on economics and not so much in conforming to the mold of existing coins' distribution channels. Latium utilizes a non-centralized transaction network that grows with every registration. The primary distribution channel is on the website
www.latium.cc where every person who registers is distributed coins. There is also a referral system that allows users who are open to spreading the word to gain even more Latium. The secondary coin distribution channel is the interest being paid for users who hold Latium. Any user with Latium in a connected wallet can gain interest. Interest rates tier down over time and are 50% for the first 3 months, 20% for the remaining first year and 5% per year for every year thereafter. Since, the distribution network is totally independent from the transaction network, any disruption in the distribution network would have zero impact on network stability.
Latium uses networking to address mining-induced artificial scarcity with non-technical accessibility. Unlike BitCoin which uses mining to create coin scarcity, Latium's approach is to allow universal application and acceptance based on a simple networking platform. Latium was created with enough coin supply to allow every person on earth access and to credit subsequent referrals (105,000,000,000 coins). In order for the entire coin-supply to enter circulation, all 7 billion people on Earth would need to register. We acknowledge that not every person on Earth will receive their Latium, however, we chose this amount in order to create the fairest possible system that affords everyone at least the opportunity to claim their share of Latium.
Economically speaking, an asset's value is always more dependent on circulation rather than overall supply. Because circulation is a byproduct of acceptance in the Latium model, the ultimate value of Latium is based on the effort and reach of the community. Over the coming weeks coin circulation numbers will be released on
www.Latium.cc. We will also release a blockchain explorer for those interested in easily monitoring the blockchain.
So is it possible for the Developers to dump coins onto the Market? Sure, that possibility exists. However, we assure you - a very knowledgeable and skeptical community- that our greatest interest is in the long term viability of Latium and the blockchain protocols. We did not invest the amount of time, effort and resources into this project for a quick pump-and-dump and a lousy 50 grand. Our work is to bring cryptocurrency to the general public. Currently, the cryptocurrency environment is a intimidating and exclusive domain, unapproachable to most. And while many coins thrive on this exclusivity, our mission is universal acceptance.
