novalis788 (OP)
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August 02, 2014, 05:57:44 AM Last edit: August 17, 2014, 02:52:50 PM by novalis788 |
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MARS - Marscoin
The Bitcoin for Mars
"...Marscoin proposes a public funding model for space colonization based on a peer-to-peer cryptocurrency network, built on the Bitcoin code. It tackles the largely unsolved funding hurdles for mankind's space exploration efforts by establishing a global, supra-national, voluntary currency that attempts to bootstrap future Mars colonies, incentivizing adoption of the digital currency as a stake in the colonies' future economy. Individuals that invest into this "joint-stock" colony funding model elevate the exchange rate of the currency, in effect providing the early stakeholders with the funding necessary for the construction of the future base.
A copy of Marscoin, which is in essence a cryptographically secured public ledger, can then be transferred to the new colony, where it becomes the backbone of the future settlement's financial system. This proposed physical transfer of all the investments made by the early adopters of Marscoin thus not only funds the new colony ahead of time, but becomes the bedrock of the planet's growing economy. By virtue of its intrinsic algorithmic scarcity and immunity to inflation, any economic growth in the future colony will be reflected in the rising value of the currency on the new planet. As mission milestones are met, adoption rates are expected to accelerate and therefore increase the value of Marscoin. The net effect of this increasing value allows mission funding to become increasingly effective as the launch date nears.
This model creates a financial incentive for the early stakeholders to achieve progress quickly and efficiently, and for an engaged and directly involved public. Marscoin is a proof-of-concept exploring financially viable private methods in dramatically lowering the threshold for funding colonies beyond planet Earth. It directly involves the general public in space exploration as it offers tangible ownership of the project with possible future financial benefits..." (Quote from the whitepaper "Marscoin - A cryptocurrency exploring private funding to bootstrap space colonization", abstract accepted by the Mars Society for the 17th annual international Mars convention)
Specifications: ✔ scrypt Litecoin-based cryptocurrency ✔ DarkGravityWave network protection (retarget every block) ✔ confirmation block every 2 Mars minutes (123 seconds) ✔ subsidy halves every Mars year (668 sols) ✔ 721 blocks per sol ✔ 50 coins per block ✔ 48 million total coins by 2024 ✔ 500k donation for non-profit MarsOne ✔ 500k donation for The Mars Society ✔ Current 6.2 Mio MARS - fair release to 1000s of miners & mintpal, bittrex exchanges ✔ Symbol: MARS | MRS ✔ developed and supported by The Marscoin Foundation, Inc.
NO premine. Voluntary community donations by individual miners to Mars One and The Mars Society. Milestones ✔ Genesis block 01/01/2014 ✔ Live presentation: 1st CryptoCurrencyConvention - in NYC see video here view slides here ✔ Continuous updates on wallet software and network algorithm ✔ Online wallet beta release ✔ Live presentation: 17th Annual International Mars Society Convention ✔ International developer team
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My Marscoin donations go to MarsOne: MMarsonebnQkxsNQxewhadjjFWix4DXTau
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novalis788 (OP)
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August 02, 2014, 06:04:30 AM |
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the old link on bitcointalk was a guest thread - this official one will allow us to communicate updates more clearly on Bitcointalk - some users on the old thread did not find our updates because of that.
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My Marscoin donations go to MarsOne: MMarsonebnQkxsNQxewhadjjFWix4DXTau
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novalis788 (OP)
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August 02, 2014, 06:19:39 AM |
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thx!
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My Marscoin donations go to MarsOne: MMarsonebnQkxsNQxewhadjjFWix4DXTau
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zxbball
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August 02, 2014, 06:29:11 AM |
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Coming back to life???????????
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l3n1nN
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Activity: 45
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August 02, 2014, 06:32:58 AM |
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Being a Martian at heart I'm so buying into this.
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novalis788 (OP)
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August 02, 2014, 06:37:49 AM |
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Being a Martian at heart I'm so buying into this.
I know exactly how you feel :-) Who stole our childhood dreams? 1870-1970: from horse buggy to landing on the moon ... 1970-2010 space exploration is dead in the water, FED and inflation are growing, capital misallocated :-) But now we got spacex, MarsOne, Bitcoin ... and Marscoin - things are looking up
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My Marscoin donations go to MarsOne: MMarsonebnQkxsNQxewhadjjFWix4DXTau
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novalis788 (OP)
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August 02, 2014, 06:50:37 AM |
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thanks. just submitted MARS on AltCoinCalendar.
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My Marscoin donations go to MarsOne: MMarsonebnQkxsNQxewhadjjFWix4DXTau
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tylerderden
Copper Member
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Activity: 1162
Merit: 1025
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August 02, 2014, 07:27:06 AM |
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great to see a good straight forward coin without promises that the dev never intends to deliver, in short, nice non-pump and dump.
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robinf
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August 02, 2014, 09:18:28 AM |
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Again and again...
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tylerderden
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Merit: 1025
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August 02, 2014, 10:19:06 AM |
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legit coin people bitch, scamcoin people bitch.
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pratsop
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August 02, 2014, 11:58:30 AM |
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new thread? good idea wallet (windows version) works as intended now name. when we started (january) marscoin was 'mrs'. now wallet and exchange (one so far, with very bad terms) using 'mars' but pools still using 'mrs'. this could be little confusing I think.
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novalis788 (OP)
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August 02, 2014, 02:13:03 PM |
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new thread? good idea wallet (windows version) works as intended now name. when we started (january) marscoin was 'mrs'. now wallet and exchange (one so far, with very bad terms) using 'mars' but pools still using 'mrs'. this could be little confusing I think. Thanks for pointing that out - we'll update all links/resources over time but haven't completed that yet. In general the community preferred "MARS" over "MRS" and as three letter abbreviations are not a must anymore MARS with its four characters makes it easier to find. Eventually on Mars, in 2025, it will simply be known as the crypto of Mars . Smaller units might get great names like "1 zubrin" or "10 bas" :-)
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My Marscoin donations go to MarsOne: MMarsonebnQkxsNQxewhadjjFWix4DXTau
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commandrix
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August 02, 2014, 03:55:43 PM |
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This is cool. Kinda looking forward to seeing how far you can take Marscoin.
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tylerderden
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Merit: 1025
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August 02, 2014, 08:55:37 PM |
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lets see no scamcoin, fair launch. no bittrex wont add it. binary cock said no. this whole thing is just a joke anymore
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novalis788 (OP)
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August 02, 2014, 11:04:42 PM |
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... to seeing how far you can take Marscoin.
literally
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My Marscoin donations go to MarsOne: MMarsonebnQkxsNQxewhadjjFWix4DXTau
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tylerderden
Copper Member
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Activity: 1162
Merit: 1025
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August 03, 2014, 02:12:12 PM |
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^^^^ is this legit or what?
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catchcoin
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August 04, 2014, 03:53:13 PM |
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I don't know why anyone would create so many coins.
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novalis788 (OP)
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August 05, 2014, 10:35:42 PM |
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Hey guys! We have just added Marscoin to Cryptonator's services, which means you can use all its free features now Should you own an iPhone or an Android device, we also have all these in our free mobile apps for iOS / AndroidCheers thanks! app looks awesome!
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My Marscoin donations go to MarsOne: MMarsonebnQkxsNQxewhadjjFWix4DXTau
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