AN INDEPENDENT
CRYPTO ECONOMY
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What is the Outback?....
The Outback is a place for crypto-cowboys and girls
The outback is a large expanse of uncharted territory, where what you do in private is “nobody’s business”. Once in a while you can ride into town to trade your wares and get supplies.
A place of hard work, where at the end of the day you can breathe in the fresh air and look at the Moon, with the knowledge that a lot of small steps result in giant leaps.
The outback welcomes everyone, the cowboy spirit exists everywhere so come and stake out an area and add to the Outback economy.
You will need to be able to shoot from the hip, and be prepared to get your hands dirty. …so now you can feel the spirit, let’s get serious.
“The Outback is a place for crypto-cowboys and girls”The Outback is a departure from the norm, it is one of many movements that exist on the fringe of the cryptsphere.
“The outback is a large expanse of uncharted territory, where what you do in private is “nobody’s business” You will be able to transact with global or local peers quickly, securely and in private
“Once in a while you can ride into town to trade your wares and get supplies”If you choose to, you can trade openly
“A place of hard work”All cryptos in the movement will be Proof of Work (POW)
“The outback welcomes everyone, the cowboy spirit exists everywhere so come and stake out an area and add to the Outback economy”Ideally the Outback will consist of 12 Cryptos, so if you have an Idea for a regional crypto and would like to incorporate into the movement, you are welcome to, it must just be POW. (it will make a lot of things possible if everyone sticks to the same algo, but it is not essential)
"You will need to be able to shoot from the hip, and be prepared to get your hands dirty"Not everybody can agree to disagree, so be prepared to take it on the chin. Even cowboys use mobiles and Facebook, some might even use hair-dryers.
A few steps back are required to move forward. The short term roadmap includes a GUI for the founding cryptos
There are currently three Cryptos you can try out, shortly they will have new official threads.
A quick search on google or reddit will reveal that
Dosh is money, As a crypto it can be branded and related to by a large comunity, but it might not have the same effect in all languages or countries, so cryptos that will have the same marketing and meaning can be created and developed to cater for eCommerce, mobile phone apps and walk in shopping. The added benefit is that they are linked together and make global transactions possible without one crypto having to please everyone. This leaves space for individuality and an all important market. One could also create a Crypto, "Poker Chips or MusicNote" for example that have a specific function but will need to be part of a collective to survive.
Crypto Silver, and will fill much the same function as real silver did in yesteryear, it is the front loading single shooter. There is space for 4 crypto commodities and Silverback is the entry level.
Diamondback however is for the Claymore cannons, it has a low block rewards, with just 3 decimals to make Diamond dust mining unattractive.
Silverback and Diamondback should be joined by two more, One low to medium and one medium to high Commodities, these are value storing cryptos that can be speculated on and used for surety, in something like Open Transactions
To be decided
Greenback now Redback
Redback is a first generation colour coin, that can be seen as similar to what second generation cryptos are offering. It is what every Crypto on the Outback will be traded with and its value will grow as the economy grows, it however is not reliant on any other blockchain or central control.
THE OUTBACK is not limited to these cryptos, anyone is welcome to join, whether you have a National or Industry specific Crypto in mind, pm with your ideas.
Future plans, in a nutshell, is for Diamondback, Silverback and Dosh to be joined by others to create a crypto experience that is independent of
Bitcoin, and share a common form of decentralised liquidity, RedBack.
The vision would see about 12 max cryptos associated(no more from me), which would require a specific currency pair grouping on existing exchanges, or a purpose built exchange.
