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Author Topic: [ANN] [LM] LibreMoney project - first secured cryptocurrency  (Read 10210 times)
prof1983
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LibreMoney - first secured cryptocurrency


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August 03, 2014, 07:40:38 AM
 #1

ch en it ru

LibreMoney


LibreMoney - first secured cryptocurrency and crowdinvesting system with obtain reputation and Lm-money for successfully completed crowd projects.

New Money (emission) in LibreMoney can only get the authors successful crowdfunding projects. The authors introduce new value in the world and receive for money creation, as a bonus for useful work. In fact, all the money in LibreMoney provided useful real work. Therefore, we say that LibreMoney - is to secured currency.

The main objective of the project - the motivation of people (startups, entrepreneurs) to develop and implement technology (IT) projects.



Brief description of

LibreMoney - a free decentralized financial system, based on existing cryptocurrency protocols distributed emission based CrowdFunding.

LibreMoney — the first and only secured cryptocurrency not subject to neither inflation nor deflation.


Description of project

Target
- Create a comfortable and reliable system for the development of open source technology and the Internet (OpenSource, movies, music, science).
- Create a complete financial system.

Principles
- Openness. Completely open system.
- Decentralization. Septic system! No single server, there is no single mechanism for transferring data.
- Stability. Maximum cryptographic protection. Encrypting the entire (transmitted data, the stored data) — this is necessary to avoid the possibility of compromise and destroy the system.
- Anonymity. Exclude the possibility of tracking the real location of the user.
- Scalability. The system should be able to scale up to larger sizes is not limited. Including should be able to work the system in interplanetary scale.
- Reliability. Accurate execution of all tasks, regardless of the desires of third parties.
- The uniqueness. The system is one. All actions are unambiguity. Not allowed parallel on different subnets of a system, is not allowed fragmentation of the system.

Сapabilities of the system
- Co-financing of projects (crowdfunding, crowdsourcing, crowdinvesting).
- Investment.
- VC funding.
- Long-term accumulation.
- Decentralized exchange of assets.
- Trade.
- Freelance.
- and so on.

Features
- Until the system at least three computer system continues operation.
- When the temporary isolation subnet system does not violate its functioning. Occurs only a limited number of users available for financial calculations and contracting.
- The emergence and cash flows are subject only to open algorithms.
- The amount of cash system reflects the totality of the real values ​​in the system.
- Emission is produced only when creating a new real values.

For whom is the project

Primarily:
1. Freedom people: artists, musicians, programmers who want to make with the help of co-financing (CrowdFunding);
2. Investors - people willing to buy cryptocurrency initially for the purpose of sale, when it grows in value.
In the future:
All people who want to freely pay for purchases, to fund interesting projects, create savings, investments, etc.

Technical details

LibreMoney = NextCoin + CrowdFunding
The prototype project is LibreMoney NextCoin. Characterized in that there is no emission of NXT. In LibreMoney issue made ​​on the basis of the actual useful work.


Article: What is money

Main site with information about the project: LibreMoney.org/en
Developed a platform for easy management of wallet: LibreMoney.com
Source code: github.com/libremoney/main

Presentation of the project: slideshare.net/prof1983/libremoneypresentation1
Video presentation1: youtu.be/ZyI-xWG87rk
Video presentation1: youtu.be/1FgzMDO-G8k
Offer for investors: libremoney.org/invest
Objectives of the project by SMART: libremoney.org/purpose
The work plan for July (07.2014): libremoney.org/article/244

24.10.2014 01.01.2014 - release date LibreMoney-Beta1
01.01.2015 ? - release date LibreMoney-1.0


We are looking for like-minded people (programmers, designers, marketers, investors).


.

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August 03, 2014, 07:41:11 AM
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?

Posted From bitcointalk.org Android App
Sammie Sna
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August 03, 2014, 07:41:33 AM
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reserved.a great project!
KeyserSozeMC
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I'm dying.


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August 03, 2014, 07:42:23 AM
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Name sounds good to my ears.

Good luck

Hey, smexy. Don't waste your time. Time's precious.
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August 03, 2014, 07:43:54 AM
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interesting , good luck  Smiley


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August 03, 2014, 07:44:04 AM
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LibreMoney - first secured cryptocurrency Cheesy
kishan889
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August 03, 2014, 08:21:13 AM
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Nice concept
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August 03, 2014, 11:06:27 AM
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24.10.2014 - release date LibreMoney-Beta1
01.01.2015 - release date LibreMoney-1.0

Are you serious?  Shocked
prof1983
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August 03, 2014, 11:10:13 AM
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24.10.2014 - release date LibreMoney-Beta1
01.01.2015 - release date LibreMoney-1.0

Are you serious?
Yes.

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August 03, 2014, 11:22:55 AM
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X.good luck to this project
prof1983
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August 12, 2014, 08:01:23 PM
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Our first video presentation is ready ! — youtu.be/uVR2btiHrtQ … We are happy And soon in english , follow us! Lets make it better ! And we realized this presentation using #crowdfunding ! Follow us , we are looking for partners Smiley

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August 12, 2014, 11:48:30 PM
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nice idea.
prof1983
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August 25, 2014, 02:22:25 PM
 #13

Yesterday, the meeting took place in Moscow LibreMoney. Walking in the park, talking, filmed on video live talisman of our project. Smiley

http://youtu.be/YfkzgVshDbc

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August 25, 2014, 02:30:28 PM
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L



I stopped reading there.
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U fk troll if dont respect opinion.


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August 25, 2014, 03:28:05 PM
 #15

Yesterday, the meeting took place in Moscow LibreMoney. Walking in the park, talking, filmed on video live talisman of our project. Smiley

http://youtu.be/YfkzgVshDbc

Cool!

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August 26, 2014, 12:02:06 AM
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Please consider translate to English.  Smiley

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September 08, 2014, 09:45:26 PM
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nice, I like you
prof1983
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September 09, 2014, 10:32:47 AM
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nice, I like you
Thank you Smiley

prof1983
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September 09, 2014, 10:35:54 AM
 #19

What is money



Money is not the value. Money - it's just a reflection of the numerical values.


What is the value of

Usually, the values ​​is the following. Values ​​- is:
1) products (eg bread, real estate)
2) services (eg haircut etc).

Either way goods and services are material. But there are items such as movies, music, OpenSource software technology. All of this - not the material available values.

Quote
Value - the importance, relevance, utility and usefulness of something.
Value - as a characteristic of the object, indicating the recognition of its importance. Share "Tangible assets" and "spiritual values."
Wikipedia


How are values

Let us consider an example. Suppose we make clay pots. We have a piece of clay and $ 10 for the manufacture of pot we spend an hour of your time. Suppose an hour costs $ 50. The amount of costs is $ 60. But ready to pot we sell at the market price (assuming it's $ 100). Have an income of $ 100, the cost is $ 60, you get $ 40 profit. It's simple.

But let's think. And where did this $ 40? You answer, it's obvious. $ 40 - it is the surplus value. But what is the physical meaning of these $ 40? Hour of labor ($ 50) - a service that clay ($ 10) - that product. A $ 40 - it is neither goods nor services. These $ 40 - surplus value!

In other words, we do not just do the pots, and bring value to the world. Its value is called "surplus value."


As there is money

Now let's look at how to get some money. And here you say that everything is obvious. Money produces the state represented by the Central Bank. New neneg, in theory, produced as much as there is new products and services on the territory of that State. If new money is issued more than appears new products and services, then there is inflation. In this case, Keinsian theory as very good as it is possible to produce more money. This allows you to "develop the economy." Although, in fact, this is called "inflation of bubbles." But we are not talking about that.

And so. Money produces a state under the provision of goods and services that are produced in the area (or jurisdiction) of the State. It is legal tender in the territory of that State. Such money is called the national currencies or fiat money.

Quote
Fiat money (from Lat. fiat - decree instructed, "so be it") - money, legal tender, the face value of which is established, provided and guaranteed by the state through its authority and power.
Wikipedia ru

With this, everything is clear. Goods are in the territory of a particular state and the services provided in the territory of a particular state. And for these goods and services the government issue new money. And what about the free values​​, which are distributed freely on the Internet? Which state does not belong to the material values​​?


No material available values

De facto, once the film or music falls into the network, it is already no longer belong to anyone. Yes, the legal right to belong to someone. But we're talking about how really going on. Movies, music, technology, and all other digital "goods" which have been published at least once in the network - the de facto belong to the world.

Obviously, the development of digital "goods" - a piece valuable. Technology and algorithms, sometimes, are very valuable. The question arises. What state, thus, should make the issue of new money? Yes, it is obvious that if the company and its employees are on site and within the jurisdiction of a particular state, that state and will produce emissions. Everything is simple. But if the company is registered in one state, the developers are physically located in another state, and work is being done on servers located in a third State. And if the team is distributed, the work is done in a decentralized manner and without the formation of a legal entity (OpenSource development)? What then? Where it produced values ​​and what state releases new "security" money? All states at once? Or development is not valuable? For example the Linux kernel and other OpenSource projects are valuable development or not? Smiley


Issue of money for no tangible value free

We claim that for all material not available emission values ​​should receive their creator. By free we mean here the values ​​of all the values ​​created by free people in a free space of the Internet.


Free currency

After analyzing all this, we came to the conclusion that the Internet need a free currency (crypto-currency). Especially as the technology to create such a currency already exist and have been used successfully by many people. This Bitcoin and its many forks. But Bitcoin is not money in our understanding. Because Bitcoin issue would not be at useful labor, and distributed randomly for the selection of the hash. In fact the whole system of Bitcoin and its analogues in vain burn electricity without producing useful (scientific) calculations. Therefore, we say that Bitcoin - a type of currency future. There are projects kriptovalyut proposing to make the generation of block-based utility computing. That is correct, but the crypto-currency while at the idea stage.

We decided to create the first free crypto-currency, where the issue will receive only the authors of interesting and useful development (movies, music, OpenSource software, inventors, developers of new technologies). Authors will receive as a bonus issue for the useful work, for by value.


How to determine the useful work or not and how much



We offer authors (entrepreneurs), before start developing first conduct a fundraising method of crowd-funding. Thus it is possible before the creation of the need to evaluate the solutions / product.

That is the assessment of a particular job will be in two phases.
1. Prior to the establishment, with the help of crowd-founding, determine need the product or not, and how much is needed (what the collected amount of funding). If the required amount of money collected for the project, the more money is automatically transmitted to the author of the project and the work begins.
2. After the implementation, by voting, to determine how well the project is implemented. If the project is done well, the author will automatically receive as a bonus issue. If the project is executed poorly, the author of the issue does not get and lost their reputation.



How it works

Description of the idea turns out to explain the most clear example. Assume that the system has a few participants and have community. One participant proposes to implement CrowdFunding project. To protect the system, the project is necessarily realized in the framework of a community. The author of the project must be a member of the community within which plans to hold a fundraiser.

Communities in the system are needed in order to be able to expert evaluation of the project in the calculation of emissions. Community members in the assessment, act as experts. However, other participants evaluate the experts themselves. Therefore, experts are beneficial to objectively assess projects and avoid in your circle of random people.




Issue

Let us consider an example of the issue in the system. Suppose that there is an author who offers to collect distribution Linux. Author previously had worked well, there is a community, there are willing to help as advice and money. But need funding. Therefore, the author decides to raise the necessary funds by the method of crowd-funding. And so, what you need to do:

1. Register. Register in the system, make a purse.
2. Community. If a suitable community yet, it is necessary to create a community. Or to apply for membership in the existing community and wait for approval from the experts (from the community).
3. Project. Create a project "build distribution Linux», enter the appropriate amount set deadlines for fundraising and project schedules.
4. Fundraising. After the registration of the project, everyone can finance the project (to become depositors).
5. Day closure fundraising. If the project does not receive the required amount, the funds collected are automatically returned.
6. Implementation of the project. After collecting the funds by getting money at their disposal.



7. Hour X end of the project (DeadLine). After the appointed time, when the project should be ready, an assessment. Within a few days passes vote. In this case, estimate the project as investors and experts (community members).



8. According to the results of voting is determined emission factor is calculated emission, as well as added to or reduced rate reputation.



Emission depends on several coefficients and the collected amount. In particular interest to the community, the results of the vote of depositors and the results of voting experts.


Reputation

The system has a numerical display power, which shows how much hard and well served by past projects. Reputation can not be bought, it can only be earned. Reputation is an analogue indicator Karma on HabraHabr.ru.


Providing money

Since the issue of the system is only for the actual work, for by values ​​- then we would argue that all the money in the system to provide real useful work. Thus we obtain the first provided by the crypto-currency.


Protection against the creation of "empty" money

The totality of the reputation of each author, and reputation (by weight) of each community within the system will provide protection against the creation of "empty" money. All transactions and all projects are open. As soon as there is any suspicion of fraud - that users of the system "minus" as the author, and the community in which he is a member. By the way, this is why experts (community members) will exhibit an adequate assessment without overstating them.


Crowd-venture investing

Quote
Crowd-investing - an integral part of crowd-funding. The main feature of crowd-investing - the possibility of obtaining compensation for sponsorship, if the project is successful (similar investments).
ru.wikipedia.org

The system provides the opportunity to invest in potentially profitable startups - venture capital investment in the early stages. Author of the project organized by the company to raise funds with a view to starting the project with further raising funds from the investment fund. In this case, the fund "buys" shares from the original investors. This is an opportunity for authors to collect seed investment and test your business idea. And a good opportunity for angel investors earn. And most importantly the opportunity to invest in any projects without reference to the site. Of course there are risks. Indicator reputation, partly will be guaranteed.


Technical realization

Crypto-currency based on PoW not fit, you need a 100% PoS. For a basis we took the source code of the crypto-currency NXT (NextCoin). The source code is completely rewritten for JavaScript (Node.js) and added an emission mechanism.

NXT - it's 100% PoS crypto-currency of the second generation.

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September 09, 2014, 10:37:03 AM
 #20

LibreMoney

The project provided the first free crypto-currency we called, by analogy with LibreOffice, LibreSSL.

youtu.be/uOfPDqxI5ps

The main site of the project
LibreMoney.org

The project was born in Russia. But there is community LibreMoney in Italy. And also to create a community for Chinese and Spanish.

Alpha1-implemented version (0.0.7) in which you can register purse.
libremoney.com

Source code is available on GitHub.
github.com/libremoney/main


Reward system designers LibreMoney

Every developer for his work, gets a share of the initial issue (genesis). The initial issue of 1,000,000 Lm. The forums crypto-currency can often be seen outrage at the "premayn." The project LibreMoney initial emission provided real work of developers. No unsecured "premayn" will not. The project is in its infancy. We need partners. Need all programmers, designers, marketers, investors. Join. Smiley

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