AIDCOINS, MORE THAN A COIN, CONSCIOUSNESS!

[aidcoins]

What are Aidcoins?
----------------

THE SOCIAL DIGITAL COIN - MORE THAN A COIN, CONSCIOUSNESS!

Aidcoins is based on Litecoin, but inovates in the social sector, we like to help end poverty on the World!

For every 1 AID You tranfer/pay, You automatically donate 0.02 AID or more to any social solidarity institution.

This idea born in Portugal in 2014, a country in economic crisis. This lead to ideas that can help the World to be a better place!

Any coin transfer require a minimum of 2% donation for a registered social solidarity institution anywhere in the World, "the list" of those organizations are public and available at http://aidcoins.org/list  This is the only central managed part of Aidcoins.

"the list" have 3 fields, World location (location), Organization name (name) and Aidcoins wallet address (address).

Record samples:
"Worldwide",         "AMI",            "A354654daGsdH45as286*************"
"Europe/Portugal", "AMI Portugal", "A34gFhjdaGsdH45as234*************"

The wallet will make updates of that list every day, if the server is offline, the list remains unchanged.

Any donation will only be validated if the destination address is on "the list".
Any coin transfer between users will only be validated, if it follows a donation transfer of at least 2% of the value to transfer to a normal user wallet.

The user will be able to choose the organization who receives his donations, the wallet will remember the last organization chosen, or the user can use a random option, and then the wallet will randomly choose one of the organizations on the list.

If the user wants to donate more than 2% it will be possible on the wallet settings to increase the donation factor.


Kick off problem:
"the list" is empty, no organizations registered. How to make and validate those first Aidcoins transfers/payments?

To solve this, We will create a virtual organization, a fake one, with a record like this:
"Worldwide", "Aidcoins Virtual Organization", "A54534354daGsdH45as286*************" (example address)

Later on, this organization will be deleted from "the list", when the first 10 organizations where registered on "the list" and any coins available on that address will be 100% donated to those 10 first pionner organizations!

There is a PREMINE coins?
Yes, but please check the explanation above.

Aidcoins PREMINE explained:
9.240.000 AID is only 0.011% PREMINED for Aidcoins project boost

8.400.000 AID -> 0.01% for social solidarity institutions:
   - the first 84 registered organizations will receive 100.000 AID each; (2% forced donation included)
   - limited to 16 organizations per continent (5 continents; this force world distribution), the remain 4 organizations could be worldwide organizations like AMI and so many others.
   - the money goes directly for the organization as soon as the registration is validated. No 10 years later, fake promess here!
   - this will promote coin circulation, later those 84 organizations, will go to the business exchange their Aidcoins for food, clothes, medical drugs, support services, etc. And the market gets a boost! All win here!

 840.000 AID -> 0.001% for AidCoin marketing (2% will also be donated):
   - those coins will be exchanged for support services to the Aidcoins project, initial free coins to first users and other conventional marketing strategies; After 3 years if any coins remain in those public addresses, they will be donated equally by all organizations on "the list".
   - this could be the only criticism point of the entire project. Coins in the hands of the coin creators, here You have to trust Me, if I wanted to cheat to gain a lot of money I will work for other industries. Also I am a volunteer on other social project since 2011.

PREMINE is open to discussion, we are in time to abort this idea, however it seam to us a very good idea for market creation and at same time help those first 84 charity organizations.
      

Final notes      

This coin is to be used only by consciousness people!
Poverty proves that Humans failed as a society!


Aidcoins crypto Specs


Aidcoins is using scrypt as a proof-of-work algorithm.
 - 2.5 minute block targets
 - subsidy halves in 840k blocks (~4 years)
 - ~84 million total coins
 - 200 coins per block
 - 2016 blocks to retarget difficulty
 
GIT HUB :: Contributions are welcome!
https://github.com/kreatorpt/aidcoins

Anyone who can help change the litecoins script to script n? - This seems a good idea right?

 
For more information, as well as an immediately useable, binary version of
the Aidcoins client sofware, see http://www.aidcoins.org.  (online soon - not ready)

[Gamer67]

spellcheck.net is your friend.



My personal feelings on charity organizations is that they help themselves first then if anything is left they dribble out a little bit to the people in need. Just enough to keep it all legit and the charity executives making a nice salary. Therefore I never make donations to these organizations. I give to local charities where I can actually see some of the work that is being done.


For that reason I will be giving this coin a pass. 

[aidcoins]

Yes You can! You can give Aidcoins to local charities where You can actually see some of the work that is being done.

the AMI was just an example, the list will be huge and open to all social solidarity institutions, small, medium and big, then You chose where You want to put Your contribution.

Sorry for any error, I don't read/write in English on a daily basis.

Thanks for your feedback!

Regards,

[platorin]

Great, premine and chariting idea. Another one with absolutely no idea for itself nor any improvement.

[aidcoins]

Great, premine and chariting idea. Another one with absolutely no idea for itself nor any improvement.

So You know other coins that do two transfers at the same time? And one of them for helping people?

We are in time to abandon the premine idea, however it seams to be a good idea for a real coin market boost, but We can leave it open to discussion.

AIDCOINS do not want to be better or replace any coin. Wants to be a good coin, use the best of all coins, but not to replace any, it targets a very specific type of person, not everyone is generously, so this coin will always be a niche coin.

Regards.

[nestle]

Firstly, I want to express that the concept is interesting...however..

Everyday I get sicker from all the new coins that pop like mushrooms...its amazing the amount of altcoins people are creating, just to be in the front-line of some "new" movement that seems different from all the others.

For me, the underlying "feature" of your coin is the following: taxes. I agree that there should some kind of tax mechanism on these coins, but not only I have no clue about how to implement that in a reasonable way, as I also know that your suggestion fails (because I already thought about that one - it was probably the first hypothesis that I raised).

First, realize that what you thought of can easily be done over bitcoin. There is no super-special-stunt required to technically implement the transfer of funds to a given address - let me stick to you on this one - a charity institution address.

The real questions are not technical, are the "high-level" questions that are independent of a particular implementation.

So you propose a % of every transaction. hmm, thats fishy. Every transaction is taxed, so, even if you just transfer funds between two addresses you own, these are taxed. This is not a real problem - people would just avoid transferring funds between addresses.

Now lets begin with the weaker point: how do you define an address to be eligible to receive tax funds?
 - a pre-agreed list of addresses, at every X blocks?
 - each node chooses a list of addresses (for local charity institutions)?

Well, on all these hypothesis, there could be some sort of lobbying. Definitely not good!
This puts your "charity" method quite fragile, but I surely encourage you to challenge me, because I love a good discussion.

What I would suggest is to pay those taxes to countries, where each country publishes a state-owned address. But still, some problems persist.

Lets think about the following: A person makes a transaction. To which country would the taxes go?
Few options here:
 - A random address from one of the ~200 countries OR all the 200 addresses (mathematically the same, leads to equally distributed taxes)
 - A country address specified by the payer or payee.

This is a question hard to answer, but I guess I would go for the second option, as the first one would benefit small (population) countries. For instance, for each transaction, china would receive the same amount of money as Luxembourg, which yields a lower contribution per capita.

The second one would even have an interesting feature, as it would allow someone in Norway to pay taxes to Nigeria, or something similar.

As a bottom-line, I advise you to forget about technical stuff, and start by thinking about the real questions.

What is your oppinion over my arguments, aidcoins?

[tugacoin]

The user will be able to choose the organization who receives his donations, the wallet will remember the last organization chosen, or the user can use a random option, and then the wallet will randomly choose one of the organizations on the list.

If the user wants to donate more than 2% it will be possible on the wallet settings to increase the donation factor.

Hi nestle,

I am also part of aidcoins team, thanks for Your interest in aidcoins.

As You can read above, on the wallet when a user creates a new payment or any other money transfer. The user can chose first de Location Category, as a list filter, and then the organization on that location, so because I am in Portugal and I like to support a local, city based organization, that help people living on the street, they prepare dinner to people living on the street, I can chose that particular organization, but first they have to create a wallet, and register they address and organization data, on the public directory of organizations, in future available at http://aidcoins.org/list.

If a user don't want to chose an organization, for some reason, or because it want to help anyone in a blind way, than it can use the random option in the wallet, but I prefer to chose the organization and I believe most of the users will prefer too. We are discussing if this option will be released in the first wallet binary. Maybe later its a better idea, but first force the user to chose, reinforcing the idea of liberty to chose.

Yes "the list" is a centralized part of the coin, but we will not ban any organization, we just want do prevent fake registrations, that's why we will ask for some documentations proving that the person who make the new registry is really mandated to do so.

Your idea of governments receiving the donation, sounds more like a government tax, and in a world of so many different governments, some of them abusing the people rights, it sounds a bad idea to me. Maybe work if the idea is to create a "national" crypto-currency managed directly by the country.

We as users will be able to track all the donations, and organizations who received the money, how much money, and ask for informations on where the money as been spend, and follow that money in a very transparent way.

I reinforce, that the idea is not to replace any other coin, it's to complement others coins, for a niche of users that really care about the world we are living in.

Regards.

[tugacoin]

People please keep in mind that, people today on electronic payments is already paying taxes.

Yes, to the banking system, the fools believe that its not a problem, it's a problem for the business owners, online/offline stores, restaurants, and so on.

Think better, the product/services prices are higher to support those taxes. When You pay offline with money business can save some taxes, but You pay all the time, for those who pay with credit cards, or other cards, one way or another You always pay the banking bill.

For example Paypal in Portugal have a fix tax of 0.25 EUR plus 5,5%, its much more than 2%, I know on bitcoin or litecoin You pay nothing, but I prefer to pay/donate something, not to the banking system, but to real organizations, that help real people, on my local city. I feel better that way, and with aidcoins I can do it automatically, not only when those charity's do some street found raising, or food, or cloths... not only on Christmas, with Aidcoins Christmas can really be every day, manifested on every single transaction.

Regards.

[nestle]

I got your idea! Seems good. But hard-code the list on the source-code.

Just wanted to answer this:

Your idea of governments receiving the donation, sounds more like a government tax, and in a world of so many different governments, some of them abusing the people rights, it sounds a bad idea to me. Maybe work if the idea is to create a "national" crypto-currency managed directly by the country.

As I stated, people select which country to pay taxes to. So, If someone wants to send their money to a corrupt country, what should we say about that? If you live in a given honest country, you would certainly select it as a receiver of the taxes.
Anyway, charity seems a pretty good aim, and there should be no problem in adding countries there alongside with charity institutions, so that anyone can chose where to send money.

Moreover, instead of just giving all the 2% to one entity, anyone could select how to distribute contributions over a set of addresses.
Imagine (relative to the 2%):
  80% -> charity
  15% -> Portugal
   5% ->  France

After writing this up, I approve your idea even strongly! And if you "sell" your idea alongside with the possibility to pay taxes, I think It has a strong possibility to be accepted by countries,where bitcoin does not.

[aidcoins]

Hi nestle,

I don't see the government of Portugal (or others) creating a wallet and give us the address, to do so, they first have to admit that crypt-currencies are cool, and they can not, or the central EURO bank will be very mad

It's possible to put the list on wallet source code, of course, but we need a way to daily update that list, to do so, the project site will have the public list in a readable way and also in a computer format like JSON, so the wallet can GET the list and parse it, check any update, added organization or removed, in the case of a closed organization, or any scandal regarding that organization.

I got Your idea of dynamic destination of the donations, But I truly don't see an easy way to do it, today Nigeria can be one of the most poor countries, and we cold force more help to them, but what about 20 or 50 years in the future? Maybe they solve the poverty problem, I hope so.  To do this dynamic selections we have to take the people right to choose where they want to send their help.

Regards

[nestle]

It's possible to put the list on wallet source code, of course, but we need a way to daily update that list, to do so, the project site will have the public list in a readable way and also in a computer format like JSON, so the wallet can GET the list and parse it, check any update, added organization or removed, in the case of a closed organization, or any scandal regarding that organization.

Look, the list cant be stored within a server! That would break the uncentralized nature of your coin!
Moreover iy would be a weak spot. If the server gets hacked, a particular address could be added to the list.
the server-backed list also has one problem: How do you know if a old transfer is valid or not? You would need the list which was valid by the time of the transfer, but using the server you either store thwm all, or you cant!

This is all easily solved in the following way: the list lies within the code (it does not need to be updated on a daily basis! Thats too much!) From time to time (lets say, every N blocks) a full list is commited to the blockchain, and is considered as the valid list until the next commit.
This way the system stays +- distributed and you can confirm all blocks since genesis, because you can see the list that got commited in the blockchain.

Regarding taxes etx.. just forget about that.
Im willing to contribute to your project.  May I PM you?

[riclas]

Why do you need a new coin for this?

From my point of view this could simply be a bitcoin wallet feature. Whenever you make a transaction, you would also make the 2% transaction to the institution's address (btw 2% is huge, this value will never entice people).

You can solve institution list management by having approved institutions send a colored coin "aidcoin" to a specific bitcoin address that the wallet would probe from time to time.

You need only to implement your own bitcoin wallet with these features and have people adopt it.

[Armis]

...  ethical coins unite ..., let's join forces for specific projects.    https://bitcointalk.org/index.php?topic=791247.msg8916955#msg8916955

Do you have a specific project that relates to science and are looking for a support partner, if so call on Einsteinium we will do what we can to forward your project.   

Support partners usually will pledge to retweet, provide comments, likes, small donations, and endorsements for specific events they choose to get involved with.

Einsteinium is a 'cause coin' we seek to provide funding for science endeavors, we are seeking project partners for small projects involving: educational science. science fairs, science instructors (teachers, professors, mentors, etc ...), or anything else that has a heavy science influence.

[Armis]

Moments ago the EMC2 board adopted the measure to move forward with plans to be involved with the Ebola project.   The extent of our involvement is contingent on our own community's commitment to the endeavor as well as the various levels of commitment other communities are expected to pledge.

Our board has approved leadership resources, social networking resources, and 1 Million EMC2 coins for the effort; these are all minimums; its important to note that since the endeavor is far larger than all of our previous endeavors we are seeking community ratification.  The project requires strategic partners, not just for currency but for leadership and volunteers as well.

An exploratory committee made up of representatives of each of the involved cause coin will determine if they move forward to take on the project and if so the scope of the project, what the respective communities could be expected to responsibly pledge, and the best way to address the goals of the project. 

Currently two coins are committed to the effort: EMC2 and WorldAidCoin. 

If anyone is interested in representing aidcoins in this endeavor please let me know.   

[aidcoins]

Why do you need a new coin for this?

From my point of view this could simply be a bitcoin wallet feature. Whenever you make a transaction, you would also make the 2% transaction to the institution's address (btw 2% is huge, this value will never entice people).

You can solve institution list management by having approved institutions send a colored coin "aidcoin" to a specific bitcoin address that the wallet would probe from time to time.

You need only to implement your own bitcoin wallet with these features and have people adopt it.

Hi riclas,

Has I understand, bitcoin 51% attack is a real threat, dedicated mining machines can in a near future kill the future of bitcoin. Read this please:
http://www.coindesk.com/51-attacks-real-threat-bitcoin/

Of course bitcoin gained his place in history, no one gone take that from the bitcoin community. But I believe that an altcoin needs to be the new de-facto digital currency.
One that do not allow for mining rigs, no dedicated chips, give less power to GPU's and promote the CPU mining, so anyone can get return from mining. And so making the a 51% attack a less probable issue. Because more distribution of the mining process will solve this.

Of course when this new de-facto currency became real, we might create those type of wallets to allow donations, but for now, its time to start from the beginning with our one currency to test this concept. This coin will have same stability on the exchange markets that other coins will never have, because this mandatory donation of 2%.

Regards.

[aidcoins]

It's possible to put the list on wallet source code, of course, but we need a way to daily update that list, to do so, the project site will have the public list in a readable way and also in a computer format like JSON, so the wallet can GET the list and parse it, check any update, added organization or removed, in the case of a closed organization, or any scandal regarding that organization.

Look, the list cant be stored within a server! That would break the uncentralized nature of your coin!
Moreover iy would be a weak spot. If the server gets hacked, a particular address could be added to the list.
the server-backed list also has one problem: How do you know if a old transfer is valid or not? You would need the list which was valid by the time of the transfer, but using the server you either store thwm all, or you cant!

This is all easily solved in the following way: the list lies within the code (it does not need to be updated on a daily basis! Thats too much!) From time to time (lets say, every N blocks) a full list is commited to the blockchain, and is considered as the valid list until the next commit.
This way the system stays +- distributed and you can confirm all blocks since genesis, because you can see the list that got commited in the blockchain.

Regarding taxes etx.. just forget about that.
Im willing to contribute to your project.  May I PM you?

Hi nestle,

Sorry for the response delay. Thanks for your feedback.

That commit to the blockchain, how can we grant that is made only by authorized people?, in a server, I believe it's easy to control, because exists domain control, server control. In an hacking event, the problem can be easy fixed, the impact will be minimum.

I agree that the wallet update of the list, do not need to be daily, whoever at the begging, the list will grow faster, so the update must be at least weekly. later on the new compiled versions of the wallet might increase the delay between updates. 

Are you a programmer?  Yes PM me.

Regards.

[aidcoins]

Just to add some notes about server side list and hacking control of the public server list.

We will have another private machine with the entire list updated, this machine will get the public server copy every one minute, and compare its own copy with the public server copy. If they are different, an alert will be trigged to us, allow us to rapid take the server down (avoiding propagation of the fake list), and easy get up a new instance of the server (virtual machines allow this to be done very quickly, and cheaper).

This private machine can actually be more than one, to avoid the possibility of the hacker find witch machine is this and take control of it before change the list. But because this machine it's private, can be full firewall protected (no inbound access allowed), because no services is provided to the world, so hacking its almost impossible. Also the delay between updates can be random, to avoid easy log reading and easy discovery of the IP address of those machines. Those machines must act and pass as a simple wallets updates. If the hacker block those updates, also block the delivery of fake lists to real wallets.

In that way the number of clients (wallets) that can be "infected" with a corrupted list by an hacker will be very small. That's also what justify the client list update to be more regular, and quick, (2 or 3 days) to allow rapid fix of the list in case of fake list update.

The wallet when compiled will include the most updated list, but to eliminate the need for client update (software installation) we will keep the list file updated via the public server, for rapid increment of the list on the client side. This is very important on the begging because we expect new social solidarity institution registrations every day. They must first be validated, to avoid fake registrations, but we must try to quick deliver the new validated registrations to the wallets so people can have more and more choices as soon as possible!

If wallet can not update, because, server is down, or server is too busy or some other technical problem at server side, there is no problem the wallet will try update later on, next day or so.

Another security feature, the wallet update list process, will only remove or add new social solidarity institution, will not update wallets address for institutions already presents on the list. So even if an hacker can add a fake institution to the list, that will have only impact on users that choose donate to that new institution, avoiding change the address, or destinations of the money donated to previous selected institutions on each wallet.

For all this, I am pretty sure that hacking impact, and donations deviation will always be a very small possibility. However I can not declare that can not happen, it can. But I can also do every thing to minimize hacking activities impact on the users community. And the only thing at risk will be on the donated part of the payment, users own money still have the same protection of a crypto-currency.