[ANN][LAT] LATIUM Token Sale is Open!

[bestsponsor]

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.

With so many coins I lose interest in the coin. I think all the others too. We must believe the developer, which will be 99.9999% coins after the distribution? He thinks we've got idiots?
P.S. Why, after I began to write criticism, I was charged a very small coin?

[NoxX]

So, it's a snowball scheme coin?

[andyatcrux]

Goodcoin and Twipit implement similar distribution in addition to mining.

[cinnamon_carter]

if madoff made a coin

[urbanogt5]

Sounds great, my link . I give you 4.5 LAT if you use it -> http://latium.cc/?a_aid=537ba46db132b

[abctc]

Guys, if you need an exchange to trade your LATs, you can use distributed Asset Exchange.

Just create a LAT gateway, like bitcoin veteran Noitev made his BTC gateway.

All trades at Asset Exchange are automatic, and trustless.

[Bigcrypto318]

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.

For everyone who didn't catch that:

Max Coins = 105,000,000,000
ONE HUNDRED AND FIVE BILLION

So even if every single person on the planet signed up (impossible) that would only account for 30 Billion.

What are the other 70 Billion for?

Regardless, not even half the people on the planet have computers or the internet.
So then you have a max of 3 Billion people. And lets say half those people are either very young, or very old.
So then you have a max of 1.5 Billion people that have access to the internet and can operate a mouse and keyboard.

This accounts for a maximum of 7.5 Billion Latium.

What is the other 97.5 Billion Latium for!?

Keep in mind the % of the population that knows or is interested in cryptocurrencies is much smaller. You will be lucky if you get 5000 people. Which means you should be giving out
20,000,000 per person.

You are a scammer and its quite obvious.


To everyone who doesn't see what is going on this is the same as the ripple scams that were going around recently:

Step 1. Create a fictitious currency out of thin air.
Step 2. Start giving it away to people for free.
Step 3. Wait for people to start trading it against bitcoin.
Step 4. Dump the massive amount of these worthless coins you hold and cash out.

[bestsponsor]

I appeal to the developer:
You come up with a great coin, but you kill it yourself with his stupid actions.
If you want to fix:
1} Coin should be decentralized, you do not have control of all 99,999 coins.
2) You must give the community the maximum amount of information.
3) You must provide the source code.
4) You must be active in this thread.

[Bit-Gods]

Its a great idea to spread the coins like that. but 105 billion? it will take years to do it.

[djm34]

hey guyz, don't buy this shit coin

I'm pretty sure this latium guy holds millions of coins for himself, and when it hits exchange he'll dump all of his coins then walk away...

he's not answering any question...

don't fall for free 5 shit latium...

what ? can't hear you 

[mirador17]

Latium or pelecoin, same shit. I'm waiting for the next idiot with the same system, only other name.

[djm34]

Latium or pelecoin, same shit. I'm waiting for the next idiot with the same system, only other name.

actually, I am pretty sure it is the same idiot for both already 

[Latium]

We felt we should address some of the concerns regarding total number of Latium coins that this forum has presented. The number of Latium coins created was done by using this calculation:

# of People on Earth (~7 Billion) X 5 Free Latium Coins for Each = 35 Billion Latium Coins
# of People on Earth (~7 Billion) X 10 Latium Coins to compensate for Affiliates (this is the maximum amount of Latium Coins required if referred by all 100 levels of referral) = 70 Billion Latium Coins
35 Billion Latium Coins + 70 Billion Latium Coins = 105 Billion Latium Coins

The total amount of Latium coins was purposely created support the growth of the Latium network over time. We do understand that not all these coins will be claimed. Once Latium has solid traction and we can evaluate the requirement for coins in circulation, we will destroy excess coins as needed (with proof). If Latium does achieve the goal we have envisioned, it is better to have coins to destroy than not enough to honor our commitment of supplying the world with an easy access point to crypto-currencies. Currently, the majority of posters in this forum continue to focus on the total coin supply, but once Latium is active on exchange (within the next day or two) we feel the focus will change due to the limited amount of coins available for purchase. 

Circulation will greatly impact the value of Latium and currently we do not know of another coin that has a model so focused on limiting coin circulation.  Latium is a different concept on what a crypto currency can be. We don’t anticipate everyone will agree with the Latium model, but we do feel the risk to the end-user is far less than with any other coin (no investment, no mining, etc).

The bottom line is quite simple. Sign up and get free coins or don’t sign up don’t get free coins. Latium will prove itself over time and the model has been thought out well into the future. We are more than happy to participate in the community and we will provide answers to any question we can. We will not, however, respond to conjecture, opinion or speculation about the coin or the Latium system, as we do not feel this is beneficial to anyone.

We have released blockchain info here http://latium.cc/block.html and difficulty charts here http://latium.cc/difficulty.html

We have recently introduced two additional languages to the Latium.cc site: Chinese (http://latium.cc/cn.html) and Japanese (http://latium.cc/jp.html), with additional languages to come.

[coin-swap]

LAT is listed at Coin-Swap.net

Markets
LAT/BTC
LAT/DOGE


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Contact Us
If you have any problems or questions about setting up an order please feel free to contact us! coinswapnet at gmail.com or #coin-swap on Freenode.

Ian

[murderouskirk]

Latium coin has been reviewed at CryptoPump.info! Check out the article here!

[murderouskirk]

Gotta say the website looks absolutely beautiful.
The coin is one big pyramid system however and I don't really like that.

No it's not, it's not even a MLM. Both require members to give an initial investment that gets used to support those higher up in the tree. This is just an affiliate program with a huge ass referral tree.

[Bitdonator]

Hey, where is the wallets? 

[Latium]

Wallets can be found at http://www.latium.cc

[mehrdad1993]

nice coin

[oktay50000]

niceeeee