[ANN] e-Peso: the government-backed currency for the Philippines (launch 30-oct)

[naplam]

Note:
Since advertising mining pools is prohibited by BCT rules, if you have a pool, send a PM and we'll add it to the OP and to our website.

[mcin5174]

http://www.alltop10list.com/wp-content/uploads/2012/04/Toy-Story.jpg

http://www.blockscan.com/assetInfo.aspx?q=EPESO

Aaaaaaand boom goes the dynamite . It's already out the door and I'm going to give it to the Philippine Government for free.

[giftedchild]

Vrs94PvbisdLoDXc8WtLpz8ySZWtoW7vam send me some coin hahaha

[naplam]

In case any of you are confused with the "other" fake ePesos... this one is a real coin that will get listed in exchanges, done by a competent team who's launched cryptocurrencies successfully before.

[mcin5174]

In case any of you are confused with the "other" fake ePesos... this one is a real coin that will get listed in exchanges, done by a competent team who's launched cryptocurrencies successfully before.

"Real" as in, really important for your personal bottom line with no regard for the damage you are doing to the actual initiative the Philippine Government is attempting. If your coin is successful it will undermine real currency and do irreparable harm to future endeavors. Your opportunistic narcissim is a thin mask for your greed. Anyone who invests in this travesty is simply donating to the furtherance of future endeavors of this ill conceived nature. I wish you all of the worst luck possible.

[fox19891989]

Yours looks like a fake, the real one is: https://bitcointalk.org/index.php?topic=827826

[kendx]

With all these cases of launching fake E-Pesos in the forum, I think PH Gov't will be force to change the name of its future digital currency.

[nrvkush]

Yours looks like a fake, the real one is: https://bitcointalk.org/index.php?topic=827826

Are you sure which is real?

[cryptochris88]

wow... 'real' is such a big word. At least on the other thread it was meant to be a means to test the approach... while yours on the other hand claims to be the legit one. 

[wwbit]

Which one is real

[pigheadbig]

Yours looks like a fake, the real one is: https://bitcointalk.org/index.php?topic=827826

Are you sure which is real?

https://bitcointalk.org/index.php?topic=827826
which one is real?

[mcin5174]

Yours looks like a fake, the real one is: https://bitcointalk.org/index.php?topic=827826

Are you sure which is real?

https://bitcointalk.org/index.php?topic=827826
which one is real?

Neither is real. A government issued currency is not going to be mineable, droppable or in any way free to early adopters. The "coin" will be a one for one exchange of fiat currency at Phiippine banks. All of this mineable e-Peso is a fantasy designed to separate you from your money.

[hollowframe]

Website looks great, the coin is set for something wonderful and great. Lets keep this coin in development!

[mcculum0010]

This one is real and the only one worth going for. When we looking to hit the exchange?

[Shurugwi]

I don't normally bother commenting or flaming on new coins... Everyone is free to create an ALT coin but trying to cash in on a legitimate effort of another countries government is just pathetic and greedy but then this is the world of crypto where the nice guys working to better it for everyone are few and far between.

@naplam

Since we are making lists here is mine:

• Will the premine be kept in escrow or do you keep the coins yourself?
• Who decides the recipients of the premine
• How much of the premine goes to you
• How do you intend to distribute the premine to the citizens of PH

No longevity
I am concerned about the longevity of the coin in that it has a POW of only 2 years and no POS with an interest component to keep the blockchain moving beyond that. I don't see this coin being valuable enough that mining for transaction fees only would be viable after the short POW. Not even bitcoin at this stage with it's market cap in the billions is worth mining for only transaction fees.
Should this coin ever even reach 2 years POW then the rewards from mining transaction fees would be so low that almost no one would bother mining which in turn would allow the difficulty to drop and anyone with even a few TH would be able to attack the blockchain(51%). This spec is a non starter.

Premine
These are the problems I see with your current premine:

15% premine is 150000000 coins
Assuming the rest of the coins are mined over 24 months then that would be 35416666.66666667 coins per month.
That means miners would have to mine for 4.2 months before mining 15% of the total to match the premine.

Unless the premine is kept in escrow and released at a maximum % rate matching the mined rate of the total coins, I don't see this going any other way than a massive premine dump when it hits an exchange.

If you have any decency then call this coin something else and drop the name e-peso and association to the Philippines.

[naplam]

Shurugwi, in the aspects you've mentioned it's no different than other altcoins or Bitcoin itself. Placing the premine in escrow makes no sense, it has to be distributed according to our plan anyway (see how placing a premine in Moolah's hands worked out for Syscoin by the way...). And I've demonstrated I'm trustworthy with Spaincoin before and I wouldn't be taking any of the premine for myself.

Anyway, it doesn't matter any more because I'm cancelling the launch of this currency. With the lackluster support from the community and the lack of understanding about cryptocurrencies from the Ph govt, it's really not worth my time. I'd rather launch a cryptocurrency with some innovative features (you had a point there) and I do have a couple of good ideas I'll eventually execute.

[Dabs]

It died a day before launch.

[tss]

that's a relief.  hope more coinartists fail pre launch.

[forever21]

told yah this will not work 

[naplam]

re-quoting so it's visible

Shurugwi, in the aspects you've mentioned it's no different than other altcoins or Bitcoin itself. Placing the premine in escrow makes no sense, it has to be distributed according to our plan anyway (see how placing a premine in Moolah's hands worked out for Syscoin by the way...). And I've demonstrated I'm trustworthy with Spaincoin before and I wouldn't be taking any of the premine for myself.

Anyway, it doesn't matter any more because I'm cancelling the launch of this currency. With the lackluster support from the community and the lack of understanding about cryptocurrencies from the Ph govt, it's really not worth my time. I'd rather launch a cryptocurrency with some innovative features (you had a point there) and I do have a couple of good ideas I'll eventually execute.