[ANN] [LM] LibreMoney project - first secured cryptocurrency

[prof1983]

Also how is the creation of money regulated? I don't see you plugin in "real work" as parameter to a mining function.

Issuance of money is made for successfully completed crowd-projects.

Function of issue for the project:
Issue = CollectedAmount * DepositorsEvaluation * CommunityExpertsEvaluation * RemainingCommunityMembersEstimate

The idea is that the issue of money is performed for the new non-material value (wealth). Such as open technology, OpenSource projects, movies, music etc.
The new money created by the author crowd-projects (crowdinvesting/crowdfunding). Money is given for work produced.

During the first stage (collecting money, crowd-founding, crowd-investing), we determine the need for the project. If the specified amount is collected, the project people need. After the implementation, at a specified time, made ​​the vote. After the vote counted Evaluation. Evaluation indicates that the project is like people. So the project is the new value. And the author of the project (the entrepreneur) is the emission and reputation as a bonus for good work. Reputation - a numerical value. Reputation indicates how many values ​​a person brought into this world.

In order to avoid fraud. The system is the weight of the communities. Weight communities is determined by voting. Experts community is beneficial adequately evaluate projects of their community. On their integrity will depend interest people to a community project.

In addition, to be able to create a project, you must be a member of one of the communities. To do this, you must get a invite. The person who issued the invitation, he becomes your mentor.

We create a network of startups that create OpenSource. LibreMoney differs from the DAC: in LibreMoney single currency within the system. This Lm-money. And has a reputation. But reputation can not be exchanged for goods and services. And the Lm-money exchanged for goods and services available (through the stock exchange or directly).

[prof1983]

Unlike LibreMoney from other crypto currencies

Bitcoin — this is the first and most popular to date crypto-currency that works under this scheme. The protocol was originally Bitcoin can create «smart contracts.» Or, on the other, «self-fulfilling contracts.» All this worked out quite well, but has enjoyed limited popularity. Many people do not know that it exists.

We need to look further. Namely, on the process of issuing new money, the process of generating blocks, the expansion of the protocol, etc.. Bitcoin — this is the first kriptovalyuta, but it has drawbacks. In particular 51%. And most importantly — an empty useless burning miners, electricity. People understand it and, therefore, offers crypto-currency of the second generation. Such as NXT (NextCoin), etc. 100% PoS.

I propose to look further and suggest crypto-currency 100% PoS + emission based on the real work of the people, not for the creation of wealth. This project LibreMoney.org different from all existing currency and crypto-currency. In today’s world money is not secured. So, in fact, to make reliable long-term savings to the liquidity of a currency is not yet possible. I propose to create such a tool. But the main objective of the project LibreMoney not to create money, and to establish a decentralized system of crowd-investing to attract investment for technology start-ups at an early stage (at the idea stage and the prototype stage).

libremoney.org/article/731

[Jacques21]

Good luck with your project, will be watching this.

[prof1983]

For those who developed LibreMoney

- For venture investors: easy search start-ups in the early stages with a proven demand;
- For private investors the opportunity to invest in interesting projects for a small stake in the project (~ 0.1%);
- For startups (entrepreneur): Crowd-attracting investment at an early stage (stage ideas and prototypes);
- For investors in crypto-currency;
- For the OpenSource community - the opportunity to earn money (Donate + emission as a prize for good work);
- For all - a full monetary and financial system of the XXI century. Including the possibility of a decentralized, intelligent self-fulfilling contracts, electronic notary and other opportunities offered by technology blockchain.
Business model: P2P
Monetizitsiya: initial issue 1 million Lm.

[gjhiggins]

4 Entrepreneur implementing the project.
5 At the end of the life of the project is assessed. The project is estimated voting. Otseniavayut project investors, experts (members of the group), and all other community members.

Can you describe the measures that you plan to implement in order to ensure the accuracy and adequate transparency of the project reporting that will be necessary for a properly informed vote? It would probably be a good idea to draw attention to the fact that entrepreneurial funding from this source will require the enterprise to show full business transparency because anything less would render a vote effectively meaningless.


Cheers

Graham

[prof1983]

Can you describe the measures that you plan to implement in order to ensure the accuracy and adequate transparency of the project reporting that will be necessary for a properly informed vote?

blockchain

Vote to be honest - it has a reputation for user and group (community) in which the project is being implemented. The size of each community is very limited. Therefore, within a group of people is not profitable to deceive his friends. A group as a whole should behave appropriately, as their behavior depends on the weight of the group. Weight of the group affects the size Emission money for future projects.

Also, the entrance to the group (community) is available by invitation only. Not everyone can create new money. But anyone can register a purse and use the system.

[Yza_azY]

Can you describe the measures that you plan to implement in order to ensure the accuracy and adequate transparency of the project reporting that will be necessary for a properly informed vote?

blockchain

Vote to be honest - it has a reputation for user and group (community) in which the project is being implemented. The size of each community is very limited. Therefore, within a group of people is not profitable to deceive his friends. A group as a whole should behave appropriately, as their behavior depends on the weight of the group. Weight of the group affects the size Emission money for future projects.

Also, the entrance to the group (community) is available by invitation only. Not everyone can create new money. But anyone can register a purse and use the system.

[prof1983]

White Paper project LibreMoney

According to initial plans, 24/10/2014 should be ready LibreMoney-Beta1. But the project proved more difficult than I expected. To date, some functionality implemented, elaborated the concept, made ​​a business model, and other materials.

I decided to collect the published material and create a so-called "White Paper" project LibreMoney (version Alpha). The result was a book This work took me two weeks. The result is available at the following links:
libremoney.org/doc
libremoney-white-paper.pdf
libremoney-white-paper-full.pdf (with API)

[prof1983]

Hello. I have not written for a long time. Seich is a lot of ISO. I also decided to release tokens and attract investments for the LibreMoney project. The project itself has undergone changes, but the central idea has remained the same. Moreover, this idea is not only me and there are at least two names. Therefore while I will write two names through slash. And so: LibreMoney / WorkChain is a decentralized platform for ordering works (freelance exchange) with the release of currency for each socially significant project (similar to Steemit, but not for writing texts, but for various works).

During this time, much has been done. Many people directly and indirectly participated in the development and testing of the economic model of the project. All this is recorded and everyone who took part - will receive its share from the released tokens. In general, the layout is as follows. The LibreMoney / WorkChain project itself is a platform. Inside the platform are two types of tokens: 1) growing platform token with limited emission, 2) an operational token - with unlimited emissions. Growing tokens are limited to 100 million units. Of these: 10% have already been distributed during the existence of the project, 10% the team for the preparation and conduct of the ICO, 10% of partner and bounty, 10% of the first investors (preICO), 60% of the ICO.

In addition, there is an idea of releasing tokens (ICO) in general for the Libre project as a global "platform of platforms" (ecosystem)? However, it seems to me that LibreMoney / WorkChain is easier to understand and it will be easier to collect money, do you think?

[prof1983]

Answering the question what is Libre. Libre - an ecosystem that includes the economic, social, political and cultural components (4 areas of human life by Marx). We mainly talk about the economic sphere (about production) and about the use of new technologies. In particular, about the technology of blockchain, as a very good tool for accounting for various parameters and relationships. For example, debentures, promissory notes, options, forward contracts, sales contracts, rights of claim, ownership rights, shares, bonds, etc.