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Author Topic: [ANN][EPESO] - E-Peso Initiative | Philippine Government-backed  (Read 68666 times)
ePesoInitiative
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October 18, 2014, 11:58:42 PM
 #1



http://www.philstar.com/business/2014/10/05/1376516/solon-pushes-e-peso-act
https://www.cryptocoinsnews.com/philippines-e-peso-digital-currency-use-bitcoin-technology/
https://www.cryptocoinsnews.com/bitcoiners-assess-filipino-e-peso-bill-2014/
http://www.congress.gov.ph/download/basic_16/HB04914.pdf

Here's an interesting analysis from a Filipino Bitcoiner
Quote
But in order for a digital currency to make any of those things possible, it needs to be cheap to use and cheap to deploy. The strategy outlined in the E-Peso bill needs to be adjusted if it wants to meet those two requirements. https://medium.com/@Cryptonight/dissecting-the-e-peso-bill-of-2014-8b9bc73b509c

We've been tasked to provide a preliminary study on the viability of a centralized-decentralized crypto-currency that could one day be used as a legal tender in the Philippines. The coin issuer needs to be centralized while the security of the network can be handled by computers anywhere.

Team Members:
ePesoInitiative2
ePesoInitiative3

For this, we have carefully studied several crypto ecosystems:

  • Pure Proof of Work and Proof of Stake - Both systems reward participants with new coins which are not ideal since only the Central Bank can issue new coins
  • NXT - Fast download of blockchain, has ample support world-wide, but once initial coin supply is set, it is already fixed. The Central Bank needs the flexibility of issuing new coins depending on economic factors
  • Mastercoin - Being based on the Bitcoin blockchain, the transactions were too slow for everyday use
  • Bitshares X - Fast, but the wallet needs to be pre-funded with an amount before you can use and the downloading of the blockchain is too slow - both of which are not suitable for new users
  • Counterparty - This platform almost suit the needs of a national currency, however since it's based on the Bitcoin blockchain, it is still slow

We have come to the conclusion that the best platform for our test currency is Viacoin's Clearinghouse Protocol. We've chosen Clearinghouse since it promises a much faster and scalable solution to issue a national digital currency in the coming months. Also, ownership and coin supply of the asset can be changed. The Philippine government may or may not acquire this asset.
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http://xch.blockscan.com/assetinfo.aspx?q=EPESO

Then why the title is gov't backed?  Shocked
Because we are to provide material for the coming congressional arguments on crypto-currencies - on why it is beneficial to our country.  

Are you from Philippines government?   Shocked Very happy to see epeso will be launched on Viacoin/XCH platform

No, we were hired by people who have congressional ties to the lawmakers. We need to ascertain if the Viacoin platform can scale big and fast transactions. If it's cost-effective as opposed to traditional networks with terminals installed at key points (mobile telcos and banks). We will be putting everything in a report and maybe the government will adapt this test asset (if everything is already set-up and working) or just compensate beta testers for trying it out by buying back your coins.

Bounties:
1. 3.5m coins for Android wallet development - includes ePeso and Viacoin balances, extra 300k with Tagalog translation
2. 1.5m coins for exchanges that will add an ePeso/fiat pair (first four exchanges only, totalling 6m coins)
3. 1.5m coins for website design in Wordpress theme enroute
4. 2.1m coins for hosting a forum (must submit backup database) enroute
5. 600k coins for coding a faucet with required Facebook authentication and sharing, integration into wordpress needed
6. 450k for Facebook page
7. 300k coins for logo
8. 350k coins for every press release, news article you write and publish (first 10 articles, totalling 3.5m)
9. 300k coins for Philippine-based merchants who will accept payment in ePeso (first 20 merchants, totalling 6m, need to show business registration papers)
10. 250k coins for each Chinese, German, and French translation (totalling 750k coins)
11. 0.1btc to attack Viacoin and double spend ePeso, we'll increase this bounty whenever Viacoin's hashrate goes up significantly

We're also interested in volunteers for community development and public relations.

Coin Distribution for BitcoinTalk members: SUSPENDED Why?
1. Hero Members and above - 133,333
2. Sr. Members - 110,000
3. Full Members - 83,000
4. Members - 40,000
5. Extra 10,000 if you promote this thread in your signature


To claim coins, get your Viacoin address at https://clearwallet.co/ and pm me your address. I heard this forum bans address posting.

Twitter campaigns: SUSPENDED Why?

1. Follow https://twitter.com/ePesoInitiative and tweet your Viacoin address to get 10,000 ePesos
2. Once in awhile, we'll have a Twitter awareness campaign and retweets by Twitter accounts with 1,000 or more followers get 83,000 ePesos


Rough Roadmap:
1. Wallet development
2. Coin distribution to Philippine residents by Facebook authentication (adik mga Pinoy sa FB  Grin)
3. Transactions by SMS
4. EPESO to fiat piso conversion beta testing in one municipality

Take note: depending on the outcome, we do not guarantee that EPESO will be adopted.

Mabuhay ang Pinas!

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October 19, 2014, 12:00:31 AM
 #2

Then why the title is gov't backed?  Shocked
ePesoInitiative
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October 19, 2014, 12:31:08 AM
 #3

Because we are to provide material for the coming congressional arguments on crypto-currencies - on why it is beneficial to our country. 

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Vagnavs
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October 19, 2014, 12:35:46 AM
 #4

Give me a break. I wouldn't invest a penny..


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October 19, 2014, 12:49:52 AM
 #5

When will be free distribution available?

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October 19, 2014, 01:19:38 AM
 #6

"centralized/decentralized"

Centralized as in the Phillipino government gets to control the supply and make changes to it as it sees fit...

Decentralized as in the Phillipino government wants to do so without cost to itself, instead getting "the network" to support itself.

So basically, all the risks of a central-banked federal currency but costs borne by whoever is willing to mine it, Phillipino or otherwise? How will you make this attractive enough for people to mine considering the drawback of federal centralization?

The costs of rewarding those who secure the network must be significantly lower than the costs to print physical money in order for this to pass a cost-benefit analysis. There is increased security risk to the network due to bad actors who stand to gain control of the government or its financial authority if they successfully attack the cryptocurrency.

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October 19, 2014, 01:49:12 AM
 #7


    • Counterparty - This platform almost suit the needs of a national currency, however since it's based on the Bitcoin blockchain, it is still slow

    We have come to the conclusion that the best platform for our test currency is Viacoin's Clearinghouse Protocol. We've chosen Clearinghouse since it promises a much faster and scalable solution to issue a national digital currency in the coming months. Also, ownership and coin supply of the asset can be changed. The Philippine government may or may not acquire this asset.
    .
    http://xch.blockscan.com/assetinfo.aspx?q=EPESO

    We will update this thread on how we'll distribute coins later this coming week. We will give bounties according to your contribution.

    Take note: depending on the outcome, we do not guarantee that EPESO will be adapted.

    Mabuhay ang Pinas!

    Use Counterparty for large sums/transactions and Dogeparty for mobile wallets and small transactions. This is really not that complicated. Everything to make it happen already exists.

    And, who exactly tasked you with this? If not the PI Government then...? Yourselves? Undecided
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    October 19, 2014, 02:04:13 AM
     #8

    How to get that free coins

    qiuzhixin15
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    October 19, 2014, 02:20:19 AM
     #9

    another free coin???
    ePesoInitiative
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    October 19, 2014, 07:24:07 AM
     #10

    "centralized/decentralized"

    Centralized as in the Phillipino government gets to control the supply and make changes to it as it sees fit...

    Decentralized as in the Phillipino government wants to do so without cost to itself, instead getting "the network" to support itself.

    So basically, all the risks of a central-banked federal currency but costs borne by whoever is willing to mine it, Phillipino or otherwise? How will you make this attractive enough for people to mine considering the drawback of federal centralization?

    The costs of rewarding those who secure the network must be significantly lower than the costs to print physical money in order for this to pass a cost-benefit analysis. There is increased security risk to the network due to bad actors who stand to gain control of the government or its financial authority if they successfully attack the cryptocurrency.

    Since it's government money, it will make changes to it as it sees fit. The government might consider helping to secure the backbone currency: Viacoin.  I'm surprised you're asking the above questions since you seem well-versed in crypto technologies.

    We don't see a government-backed currency as risky since 100 million Filipinos are using one. It seems Bitcoin is more risky since it looks like only traders use it. The Viacoin ecosystem has its own purpose and rewards. Miners should look to it rather than E-Peso. If Viacoin fails, E-Peso fails along with other assets/coins riding on its blockchain. But we're investing in the future. 

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    notsofast
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    October 19, 2014, 09:48:06 PM
     #11

    "centralized/decentralized"

    Centralized as in the Phillipino government gets to control the supply and make changes to it as it sees fit...

    Decentralized as in the Phillipino government wants to do so without cost to itself, instead getting "the network" to support itself.

    So basically, all the risks of a central-banked federal currency but costs borne by whoever is willing to mine it, Phillipino or otherwise? How will you make this attractive enough for people to mine considering the drawback of federal centralization?

    The costs of rewarding those who secure the network must be significantly lower than the costs to print physical money in order for this to pass a cost-benefit analysis. There is increased security risk to the network due to bad actors who stand to gain control of the government or its financial authority if they successfully attack the cryptocurrency.

    Since it's government money, it will make changes to it as it sees fit. The government might consider helping to secure the backbone currency: Viacoin.  I'm surprised you're asking the above questions since you seem well-versed in crypto technologies.

    We don't see a government-backed currency as risky since 100 million Filipinos are using one. It seems Bitcoin is more risky since it looks like only traders use it. The Viacoin ecosystem has its own purpose and rewards. Miners should look to it rather than E-Peso. If Viacoin fails, E-Peso fails along with other assets/coins riding on its blockchain. But we're investing in the future. 

    I was getting at the incentives hackers would have in attacking the ePeso as they'd stand to control not only an altcoin but possibly the government of a country, through its (crypto)currency.

    Clearly, though, I'll have to research Viacoin before I can comment further.

    Thanks for your response.

    twitter.com/notsofast
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    October 22, 2014, 08:10:24 PM
     #12

    It looks like our decision to launch E-Peso on Viacoin is turning out to be right. Updates on bounties and claiming free coins coming soon.

    Clearinghouse is not on Bitcoin. You're either on Bitcoin or you're not and Clearinghouse is not. It could be made to work with Bitcoin because Clearinghouse is a clone of Counterparty, but then, Counterparty is already on Bitcoin. If being on Bitcoin were not such a huge advantage the Counterparty developers could move it to another chain in a day or so. They won't because there is absolutely no reason to be on another chain, but it is possible. Any flexibility and security feature that Clearinghouse has, it has because the Counterparty developers wrote the code and open sourced it on GitHub so that other people could use it as well.

    There are  plenty of reasons to be on another chain.  Faster blocks, friendly relations with chain devs, quicker/better implementation of new features/bugfixes/etc.

    Your absolute denial of them makes your position less reasonable and thus weaker, not stronger.

    As for the forced choice between "either on Bitcoin or you're not"...treechains are coming!

    http://bitcointlv.com/en/Agenda/Day-2-October-20

    Yes, this is what I'm learning. I will say for certain, I know that a big social gaming co might be the first to make this jump to clearinghouse. From what I'm told, they simply weren't happy with counterparty for whatever reason. Though they haven't ruled out counterparty, they seem to be more intrigued with clearinghouse. I have no idea when this will happen, but I'm told the first move will be merging a type of betting game on the platform as an experiment. I was also told that they are even exploring offering company shares through the platform as well. Meanwhile, I'm still just sitting here trying to figure it all out.

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    ePesoInitiative
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    October 23, 2014, 07:25:13 PM
     #13

    OP updated.  Grin

    Give me a break. I wouldn't invest a penny..

    You don't need to since the coins are freely distributed.

    When will be free distribution available?

    Right now.

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    ePesoInitiative
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    October 23, 2014, 08:00:34 PM
     #14

    For reference:
    http://www.congress.gov.ph/download/basic_16/HB04914.pdf

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    October 23, 2014, 09:03:53 PM
     #15

    curious.
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    October 23, 2014, 09:37:31 PM
     #16

    Watching this initiative. Roll Eyes

                                     
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    ElTomeko27
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    October 23, 2014, 09:51:53 PM
     #17

    Received My EPESO THANKS! Best Wishes;)

                                     
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    ✬✬✬✬✬

    PilotofBTC
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    October 23, 2014, 09:55:33 PM
     #18

    Got ePesos. Good luck with your experiment.
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    I wish you all love and profitable investments!!!


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    October 23, 2014, 10:58:18 PM
     #19

    ePesos received! Thanks and good luck! Smiley

    ePesoInitiative
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    October 23, 2014, 11:09:42 PM
     #20

    I'll be back to distribute again. Gonna eat and sleep. You know what to do.

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    RobTJoneS
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    October 24, 2014, 02:58:25 AM
     #21

    Will check this one out.
    Thanks
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    October 24, 2014, 04:13:04 AM
     #22

    Just created E-Peso Official FanPage. https://www.facebook.com/ePesoOfficial
    Also I'm promoting this page for more Facebook likes!  Grin
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    October 24, 2014, 04:14:26 AM
     #23

    I will apply for the free distribution
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    October 24, 2014, 06:36:19 AM
     #24

    Nice to see the project has realized the importance of speed and value of Clearinghouse.

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    October 24, 2014, 08:25:50 AM
     #25

    Nice to see the project has realized the importance of speed and value of Clearinghouse.

    yes, they did their homework.

    edit: I will promote you via twitter and in my signiture because this is a clear sign how advanced viacoin/clearinghouse is.

    Telgram messenger with attention economy http://r.getgems.org/m/TuJXXBal9o
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    October 24, 2014, 10:17:09 AM
     #26

    very interested, I will join in .

    ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬  ●    SETHER - Blockchain meets Social Networks    ●  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
    ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬        whitepaper     facebook     twitter     telegram         ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
    PRE-ICO Start | 4th December
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    October 24, 2014, 10:40:06 AM
     #27

    Best of luck for this project!  Smiley

    ██▄▄
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    ANNOUNCEMENT          WEBSITE          WHITEPAPER
    ▬▬▬▬▬    TWITTER          TELEGRAM    ▬▬▬▬▬
    SECURITY ● USABILITY ● TRANSPARENCY
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    October 24, 2014, 10:40:29 AM
     #28

    This seems like a very interesting project. A government backed cryptocurrency sounds good.
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    October 24, 2014, 10:42:32 AM
     #29

    I hope that it will succeed one day
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    October 24, 2014, 11:02:34 AM
     #30

    PM Sent
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    October 24, 2014, 11:46:18 AM
     #31

    happy to see free coins, i applied

    ████→→       ● DeepOnion                                                                       ✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯ 
    ████→→       ● Tor integrated, 100% anonymous!                               
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    October 24, 2014, 12:55:24 PM
     #32

    Interesting Idea, Best of luck with it

    BTC / RDD / VIA
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    Small Miner!!!


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    October 24, 2014, 01:33:10 PM
     #33

    PM sent... Mabuhay to all my fellow pinoys..
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    October 24, 2014, 02:10:32 PM
     #34

    I wish you good luck.  Smiley
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    October 24, 2014, 02:31:01 PM
     #35

    Great discussions going on in here! I think EPESO can become a huge success Smiley

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    October 24, 2014, 03:12:45 PM
     #36

    "centralized/decentralized"

    Centralized as in the Phillipino government gets to control the supply and make changes to it as it sees fit...

    Decentralized as in the Phillipino government wants to do so without cost to itself, instead getting "the network" to support itself.

    So basically, all the risks of a central-banked federal currency but costs borne by whoever is willing to mine it, Phillipino or otherwise? How will you make this attractive enough for people to mine considering the drawback of federal centralization?

    The costs of rewarding those who secure the network must be significantly lower than the costs to print physical money in order for this to pass a cost-benefit analysis. There is increased security risk to the network due to bad actors who stand to gain control of the government or its financial authority if they successfully attack the cryptocurrency.

    Since it's government money, it will make changes to it as it sees fit. The government might consider helping to secure the backbone currency: Viacoin.  I'm surprised you're asking the above questions since you seem well-versed in crypto technologies.

    We don't see a government-backed currency as risky since 100 million Filipinos are using one. It seems Bitcoin is more risky since it looks like only traders use it. The Viacoin ecosystem has its own purpose and rewards. Miners should look to it rather than E-Peso. If Viacoin fails, E-Peso fails along with other assets/coins riding on its blockchain. But we're investing in the future. 

     Shocked Viacoin will be huge
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    October 24, 2014, 03:19:13 PM
     #37


    Are you from Philippines government?   Shocked Very happy to see epeso will be launched on Viacoin/XCH platform
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    October 24, 2014, 03:20:07 PM
     #38

    A good case on ClearingHouse. Shocked

    Timing
    Viacoin | ClearingHouse
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    October 24, 2014, 03:47:56 PM
     #39

    Interesting project. sent PM

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    October 24, 2014, 03:54:15 PM
     #40

    Hmm not sure what to make of this but as its a free release I shall see where it leads

    PM sent

    Thanks
    Mark

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    October 24, 2014, 04:25:38 PM
     #41

    Sounds Interesting
    PM sent

    [ANN][EPESO] - E-Peso Initiative | Gov't-backed |
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    October 24, 2014, 04:41:37 PM
     #42

    PM Sent
    thanks.


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    Black_Market
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    October 24, 2014, 05:18:42 PM
     #43

    pm sent

    old account banned for 14 days profile;u=204715
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    October 24, 2014, 06:10:04 PM
     #44

    Please post here signature ant twitter account so we can promote you  Cheesy

    pm sent

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    October 24, 2014, 06:36:10 PM
     #45

    Interesting but is this official?  Huh
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    October 24, 2014, 07:12:41 PM
     #46

    This coin looks promising  Smiley

    pm sent!
    ePesoInitiative
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    October 24, 2014, 07:17:10 PM
     #47

    Just created E-Peso Official FanPage. https://www.facebook.com/ePesoOfficial
    Also I'm promoting this page for more Facebook likes!  Grin

    Kendx, usap muna tayo. You may claim the Facebook page bounty, we'll need to talk about distribution through that page.

    Are you from Philippines government?   Shocked Very happy to see epeso will be launched on Viacoin/XCH platform

    No, we were hired by people who have congressional ties to the lawmakers. We need to ascertain if the Viacoin platform can scale big and fast transactions. If it's cost-effective as opposed to traditional networks with terminals installed at key points (mobile telcos and banks). We will be putting everything in a report and maybe the government will adapt this test asset (if everything is already set-up and working) or just compensate beta testers for trying it out by buying back your coins.

    Interesting but is this official?  Huh

    Please re-read OP.

    ______________________

    I'll be continuing the distribution now. Thanks for your cooperation.

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    cryptochris88
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    October 24, 2014, 07:22:17 PM
     #48

    Hmmm, oh well better be a tester now than have regrets...  Shocked
    Truth be told, I hope this pushes through and not just some pump and dump coin.
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    October 24, 2014, 07:26:16 PM
     #49

    Wish you success with this project. VIA with Clearinghouse and Clearwallet is hot. Only 25 times faster than btc. And it's getting hotter.  Wink
    PM sent
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    October 24, 2014, 07:38:10 PM
     #50

    I would love to see this design in the logo!!  The Onza coin design is great!!

    RUNNY
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    October 24, 2014, 07:55:42 PM
     #51

    PM sent
    Thanks.
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    October 24, 2014, 08:03:05 PM
     #52

    Wish you success with this project. VIA with Clearinghouse and Clearwallet is hot. Only 25 times faster than btc. And it's getting hotter.  Wink
    PM sent

    but via trading volume small  Sad

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    October 24, 2014, 08:19:34 PM
     #53

    I would love to see this design in the logo!!  The Onza coin design is great!!



    LOL, wrong peso bro.  But yes, the Onza is a beautiful coin!   Cool

    Overstock+Counterpary is nothing compared to the potential of ePeso. 

    Overstock=bedsheets; Philippines=100 million people.

    The .ph .gov may back ePeso, while Wall Street's captured regulators in DC will drone Patrick Byrne before they let him take away their excess (IPO, lobbying, etc.) profits by evolving financial markets into smart property.


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    Monero
    "The difference between bad and well-developed digital cash will determine
    whether we have a dictatorship or a real democracy." 
    David Chaum 1996
    "Fungibility provides privacy as a side effect."  Adam Back 2014
    Buy and sell XMR near you
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    October 24, 2014, 08:28:44 PM
     #54

    The old coinage from the Philippines is wonderful!!!
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    October 24, 2014, 08:30:14 PM
     #55

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    October 24, 2014, 08:44:25 PM
     #56

    Actually, the logo isn't important  Grin, but it gives the 'community' something to do.


    Just finished distributing:
    http://xch.blockscan.com/assetholders.aspx?q=EPESO

    All the coins in Vc7vBkkqVYpSYWHm6Crkyc9pRxYLwo9Zwv will be distributed. I'll update on how we'll distribute to Filipinos through Facebook.

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    madmartyk
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    October 24, 2014, 08:49:04 PM
     #57

    They are there!!  Thanks!!!
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    October 24, 2014, 08:57:32 PM
     #58

    what the con heo
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    October 24, 2014, 09:33:39 PM
     #59

    Received my coins! Thanks  Tongue
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    October 24, 2014, 09:47:23 PM
     #60

    received the coins too. thanks dev  Wink

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    October 24, 2014, 10:33:38 PM
     #61

    Please clarify about 'Gov't-backed' ?!
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    October 24, 2014, 10:40:54 PM
     #62

    Received. Thanks  Wink

    Also tweeted https://twitter.com/denyzabac and folloving you  Cheesy

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    October 24, 2014, 11:15:59 PM
     #63

    Please clarify about 'Gov't-backed' ?!

    Read OP

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    solstice
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    October 24, 2014, 11:20:11 PM
     #64

    The distribution seems very interesting, am very curious how it will all work out.
    ePesoInitiative
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    October 24, 2014, 11:30:15 PM
     #65

    The distribution seems very interesting, am very curious how it will all work out.

    We're looking at the Stellar coin model. I'll continue distribution later on.

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    fox19891989
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    October 25, 2014, 12:25:35 AM
     #66

    Just created E-Peso Official FanPage. https://www.facebook.com/ePesoOfficial
    Also I'm promoting this page for more Facebook likes!  Grin

    Kendx, usap muna tayo. You may claim the Facebook page bounty, we'll need to talk about distribution through that page.

    Are you from Philippines government?   Shocked Very happy to see epeso will be launched on Viacoin/XCH platform

    No, we were hired by people who have congressional ties to the lawmakers. We need to ascertain if the Viacoin platform can scale big and fast transactions. If it's cost-effective as opposed to traditional networks with terminals installed at key points (mobile telcos and banks). We will be putting everything in a report and maybe the government will adapt this test asset (if everything is already set-up and working) or just compensate beta testers for trying it out by buying back your coins.

    Interesting but is this official?  Huh

    Please re-read OP.

    ______________________

    I'll be continuing the distribution now. Thanks for your cooperation.

    WOW, such potential in the future, I think your government will use viacoin platform. It is much faster than BTC.
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    October 25, 2014, 01:39:12 AM
     #67

    https://bitcointalk.org/index.php?topic=834056

    The Chinese translation thread, it is easier for Chinese investors to join this project  Grin
    RUNNY
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    October 25, 2014, 01:50:28 AM
     #68

    Received my coins Grin
    Thanks
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    October 25, 2014, 01:57:55 AM
     #69


    Kendx, usap muna tayo. You may claim the Facebook page bounty, we'll need to talk about distribution through that page.


    PM sent. How can I claim my bounty? Thanks a lot.  Wink
    coin1688
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    October 25, 2014, 01:59:54 AM
     #70

    Received..
    Thanks  Grin
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    October 25, 2014, 02:17:44 AM
     #71


    Kendx, usap muna tayo. You may claim the Facebook page bounty, we'll need to talk about distribution through that page.


    PM sent. How can I claim my bounty? Thanks a lot.  Wink

    get your viacoin address on clearwallet.co
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    October 25, 2014, 02:28:21 AM
     #72


    Kendx, usap muna tayo. You may claim the Facebook page bounty, we'll need to talk about distribution through that page.


    PM sent. How can I claim my bounty? Thanks a lot.  Wink

    get your viacoin address on clearwallet.co

    I already do that, and have also pm my address to ePesoInitiative. I think he needs to verify that I'm the one who accomplished the bounty.
    robstak
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    October 25, 2014, 02:44:21 AM
     #73

    I just created a wallet on clearwallet.co, waiting for my share.
    karmala
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    October 25, 2014, 04:37:44 AM
     #74

    you guys know that you can allready trade those epesos on the decentralized viacoin clrearinghouse protocol? I put a buy offer for some vias in.... join the decentralized trade. Dont stick to your attachment to central authorities (whatever the eposo will bring to the people....) However, trade with me decentralized please! harrrharrr

    ps: thanks for the free epesos. Guys stick to their promise of free coins here (I got mine) The first offer has arrived (0.001 via for the epeso)! Lets get the free markets decide on this.

    Telgram messenger with attention economy http://r.getgems.org/m/TuJXXBal9o
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    October 25, 2014, 05:50:11 AM
     #75

    hope you can succeed with your idea

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    October 25, 2014, 05:52:36 AM
     #76

    wallet created, pm sent. thanks
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    October 25, 2014, 05:54:09 AM
     #77

    How many coins in total?

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    October 25, 2014, 06:15:00 AM
     #78

    Be aware this isnt Gov't Backed  like what the title said,  it's misleading!  This is just some ripoff from an idea
     HERE ,  any confirmation about Phil gov't backing this up ?

    Take note: depending on the outcome, we do not guarantee that EPESO will be adapted.

    Mabuhay ang Pinas!

    backed but not adopted ??

    FORTUNEJACK.COM[
                                
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    October 25, 2014, 06:46:10 AM
     #79

    Be aware this isnt Gov't Backed just like what the title said,  it's misleading!  This is just some ripoff from an idea
     HERE ,  any confirmation about Phil gov't backing this up ?

    Take note: depending on the outcome, we do not guarantee that EPESO will be adapted.

    Mabuhay ang Pinas!

    backed but not adopted ??

    "Also, ownership and coin supply of the asset can be changed. The Philippine government may or may not acquire this asset."

    "we do not guarantee that EPESO will be adapted."

    Maybe adopted, maybe not.

    IMO if Philippines government executes this bill, EPESO must be adopted.
    yo2monty
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    October 25, 2014, 07:40:25 AM
     #80

    ePeso is the first gov't backed asset in the cryptoworld. Cool

    Timing
    Viacoin | ClearingHouse
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    October 25, 2014, 07:45:04 AM
     #81

    have send pm, please send Smiley
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    October 25, 2014, 10:01:41 AM
     #82

    i have pm you.. thank you dev  Smiley

    ePesoInitiative
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    October 25, 2014, 10:45:02 AM
     #83

    kindly check the definition of the term "backed"

    The budget we received to start this preliminary study obviously came from the "government" - hence, government-backed and it is not big. I don't know where your skepticism comes from since we're giving away all the coins. In fact, we encourage you to use it or give it away and not to exchange it for money.

    Let's be realistic. The Viacoin protocol on which this coin is based on is so immature in its current state. Mobile payments are far, far more advanced in its development. In our country, mobile telcos had launched "Smart Money" and "G-Cash" (Google it) on which both are much easier to use. The only problem with them is they require trusting a third party, being centralized and require huge amount of resources - while blockchain technology needs the resources its users provide to maintain and protect the integrity of the network.

    So far, Viacoin/Clearinghouse seems to be a better version of Bitcoin/Counterparty at this point in time. Our government wants to catch up with emerging technologies, hence, this study.

    Actually, if you just hold on to your free coins, it may reach 0.00006513 satoshis (based on BTC/PHP) some day.

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    fox19891989
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    October 25, 2014, 11:20:13 AM
     #84

    kindly check the definition of the term "backed"

    The budget we received to start this preliminary study obviously came from the "government" - hence, government-backed and it is not big. I don't know where your skepticism comes from since we're giving away all the coins. In fact, we encourage you to use it or give it away and not to exchange it for money.

    Let's be realistic. The Viacoin protocol on which this coin is based on is so immature in its current state. Mobile payments are far, far more advanced in its development. In our country, mobile telcos had launched "Smart Money" and "G-Cash" (Google it) on which both are much easier to use. The only problem with them is they require trusting a third party, being centralized and require huge amount of resources - while blockchain technology needs the resources its users provide to maintain and protect the integrity of the network.

    So far, Viacoin/Clearinghouse seems to be a better version of Bitcoin/Counterparty at this point in time. Our government wants to catch up with emerging technologies, hence, this study.

    Actually, if you just hold on to your free coins, it may reach 0.00006513 satoshis (based on BTC/PHP) some day.

    Thanks your views, you can talk with viacoin dev by PM or IRC.   https://kiwiirc.com/client/irc.freenode.net:6666/viacoin
    belmonty
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    October 25, 2014, 11:23:21 AM
     #85

    I have never used Viacoin before. Does our Viacoin wallet need to be funded with Viacoins before we can receive our E-Pesos?

    Are E-Pesos a Viacoin asset or something? Does the balance show up on the first wallet page once we have them in our wallets?
    ePesoInitiative
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    October 25, 2014, 11:28:41 AM
     #86

    I have never used Viacoin before. Does our Viacoin wallet need to be funded with Viacoins before we can receive our E-Pesos?

    Are E-Pesos a Viacoin asset or something? Does the balance show up on the first wallet page once we have them in our wallets?


    No, the Viacoin wallet does not need to be funded in order to receive. However, you need 0.005 Viacoins in order to send or exchange. Keep 0.01 Viacoins to make multiple transactions. Technically, e-Pesos are a Viacoin asset/token. Yes, the balance shows up.

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    quasimodo
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    October 25, 2014, 11:36:09 AM
     #87

    I have never used Viacoin before. Does our Viacoin wallet need to be funded with Viacoins before we can receive our E-Pesos?

    Are E-Pesos a Viacoin asset or something? Does the balance show up on the first wallet page once we have them in our wallets?


    No, the Viacoin wallet does not need to be funded in order to receive. However, you need 0.005 Viacoins in order to send or exchange. Keep 0.01 Viacoins to make multiple transactions. Technically, e-Pesos are a Viacoin asset/token. Yes, the balance shows up.

    Good to know, thanks.

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    jalmari
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    October 25, 2014, 12:57:55 PM
     #88

    This looks interesting. PM sent! Smiley

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    P H O R E

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    PoS 3.0  –  Masternodes  –  Zerocoin


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    hoian0809
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    October 25, 2014, 01:09:43 PM
     #89

    PM sent.

    I am waiting to receive it, I have not yet received it.
    ol21
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    October 25, 2014, 01:24:19 PM
     #90

    PM sent

    BTC / RDD / VIA
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    October 25, 2014, 01:54:51 PM
     #91

    Someone pointed me to this thread. And a post on this thread points to my thread.

    But hey, we're all Filipinos, (and some expats) so whatever works, then good. So I'm supposed to get, hmmm, 133k of your version of epeso if I ask for it? Ok.

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    ePesoInitiative
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    October 25, 2014, 02:24:23 PM
     #92

    Someone pointed me to this thread. And a post on this thread points to my thread.

    But hey, we're all Filipinos, (and some expats) so whatever works, then good. So I'm supposed to get, hmmm, 133k of your version of epeso if I ask for it? Ok.

    Pards, kung may kilala kang mga Saudi Pinoy expat community para mabigyan ng libreng coins, malaking tulong yan.  Smiley

    At the moment, we're in the discovery and awareness stage. 98% of Filipinos don't know about Bitcoin. More so, 99.9% of Filipino OFWs (Overseas Filipino Workers) also don't know, much less about altcoins - LOL. We initially distributed the coin here in this forum because I was told that most of the crypto developers hang out here. We welcome your most critical input. Thanks.

    Let me stress that your free coins are for sharing to other people.

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    Skatebird
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    October 25, 2014, 02:36:59 PM
     #93

    Is there a wallet we can download for this coin?

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    |❖  Twitter
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    ePesoInitiative
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    October 25, 2014, 02:40:07 PM
     #94

    Is there a wallet we can download for this coin?

    Not yet. Still working on that. In the meantime, you can use https://clearwallet.co/

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    mrakbox
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    October 25, 2014, 02:49:46 PM
     #95

    This looks interesting.
    PM sent!
    hazubai
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    October 25, 2014, 02:53:56 PM
     #96

    wallet created and pm sent.

    Black_Market
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    October 25, 2014, 03:22:54 PM
     #97

    Is there a wallet we can download for this coin?

    Not yet. Still working on that. In the meantime, you can use https://clearwallet.co/
    is it possible build new wallet based an asset?

    old account banned for 14 days profile;u=204715
    adjiadjo
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    October 25, 2014, 03:26:36 PM
     #98

    PM sent ,
    and already tweeted too.

     Grin

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    MisterGreen
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    October 25, 2014, 03:29:24 PM
     #99

    Pm sent, looks very interesting.
    Will keep an eye on your project. Smiley
    Superxfast
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    October 25, 2014, 03:38:35 PM
     #100

    pm sent. interesting project.  Roll Eyes
    trafficolaa
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    October 25, 2014, 03:42:50 PM
     #101

    it sounds great, pm sent
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    October 25, 2014, 03:44:54 PM
     #102

    German translation:
    http://www.philstar.com/business/2014/10/05/1376516/solon-pushes-e-peso-act
    https://www.cryptocoinsnews.com/philippines-e-peso-digital-currency-use-bitcoin-technology/
    https://www.cryptocoinsnews.com/bitcoiners-assess-filipino-e-peso-bill-2014/
    http://www.congress.gov.ph/download/basic_16/HB04914.pdf

    Hier ist eine interessante Analyse eines philippinischen Bitcoiners:
    Quote
    Damit nun eine digitale Währung in der Lage ist, irgendeins dieser Dinge zu ermöglichen, muss sie kostengünstig zu nutzen und zu verteilen sein.  Die Strategie in der E-Peso Verordnung muss dementsprechend angepasst werden um jenen zwei Erfordernissen zu genügen. https://medium.com/@Cryptonight/dissecting-the-e-peso-bill-of-2014-8b9bc73b509c

    Wir wurden mit einer vorläufigen Machbarkeitsstudie beauftragt, welche die Möglichkeiten einer zentralisierten, dezentraleren Cryptowährung im Sinne eines legalen Zahlungsmittels eruiert. Die Verteilung der Währung muss zentral vonstatten gehen wobei die Sicherheit des Netzwerks von jedweden Computern gewährleistet wird.

    Gruppenmitglieder:
    ePesoInitiative2
    ePesoInitiative3

    Hierfür haben wir sorgfältig mehrere Cryptoökosysteme untersucht:

    • Pures Proof of Work and Proof of Stake - Beide Systeme belohnen die Teilnehmer mit neuen Münzen, was nicht ideal da nur die Zentralbank neue Münzen ausgeben darf
    • NXT - Schneller download der Blockchain, hat gute Unterstützung weltweit. Allerdings ist die Geldmenge auf die ursprüngliche Ausschüttung begrenzt. Die Zentralbank braucht aber die Flexibilität die Geldmenge später anzupassen.
    • Mastercoin - Zu langsam für alltäglichen Gebrauch da auf Bitcoin basierend
    • Bitshares X - Schnell, aber die Brieftasche muss vor Gebrauch befüllt werden und das downloaden der Blockchain ist zu langsam. Beides ist nicht geeignet für neue Nutzer.
    • Counterparty - Diese Plattform hat eigentlich fast alles was für eine staatliche Währung gebraucht wird. Nur ist diese zu langsam da auf Bitcoin basierend.

    Wir sind zu der Schlussfolgerung gelangt, dass die beste Plattform für unsere Testwährung Viacoin's Clearinghouseprotokoll ist. Wir habe uns für Clearinghouse aufgrund seiner Geschwindigkeit und Skalierbarkeit entschieden. Letztere sind entscheidend um in den nächsten Monaten eine nationale, digitale Währung herauszugeben. Darüberhinaus können die Eigentumsverhältnisse sowie das Angebot dieses Finanzinstrument angepasst werden.
    .
    http://xch.blockscan.com/assetinfo.aspx?q=EPESO

    Warum steht dann in der Ankündigung, dass es staatlich anerkannt ist?  Shocked
    Da wir positives Material für die Argumentation bezüglich digitaler Währungen im Kongress sammeln werden.

    Seid ihr von der philippinischen Regierung?  Bin sehr froh, dass epeso von der viacoin/XCH Plattform verteilt werden.

    Nein, wir sind von Personen eingestellt worden, welche Verbindungen mit den Gesetzgebern im Kongress haben. Wir sollen sicherstellen das Viacoin belastbar, schnell genug ist und kosteneffektiv ist. Letzteres im Vergleich zu traditionellen Netzwerken und Finanzprodukten. Wir werden alles in einem Report zusammenführen und vieleicht wird die Regierung dieses Finanzprodukt  annehmen oder Betatester durch Ankauf der Münzen kompensieren.

    Ausschreibungen:
    1.   3.5m Münzen für eine Android wallet Anwendung - muss ePeso und Viacoin Kontostände beinhalten. Extra 300k für eine Tagalog Übersetzung.
    2.   1.5m Münzen für Börsen welche ePeso/Fiat Konversion anbieten (gilt nur für die ersten vier, insgesamt 6m Münzen)
    3.   1.5m Münzen für eine Webseite in Wordpress.
    4.   2.1m Münzen um ein Forum zu hosten (mit Backupdatenbank)
    5. 600k Münzen um ein Faucet zu programmieren. Facebook anmeldung und -teilen, sowie Integration in wordpress gebraucht.
    6. 450k for Facebook page
    7. 300k Münzen für ein Logo
    8. 350k Münzen für jeden Presseartikel. (erster 10 veröffentlicht, total 3.5m)
    9. 300k Münzen für philippinische Einzelhändler, welche die ePeso nachweislich akzeptieren  (gilt für die ersten 20 Einzelhändler, müssen ihre Registration nachweisen, insgesamt 6m Münzen)
    10. 250k Münzen für eine chinesische Übersetzung
    11. 0.1 btc für eine Attacke auf Viacoin und den Versuch ePeso zu double spenden. Wir werden diesen Betrag mit zunehmender hashrate von Viacoin anpassen.

    Wir sind auch an Freiwilligen für die Gemeindearbeit und PR interessiert:

    Münzverteilung für BitcoinTalk Mitglieder:
    1. Hero Member und höher - 133333
    2. Sr. Member - 110000
    3. Full Members - 83000
    4. Members - 40000
    5. Extra 10000 falls du dieses Forum in deine Signatur packst

    Um eure epesos zu bekommen müsst ihr euch eine Viacoinaddresse besorgen https://clearwallet.co/ sie mir per PM zukommen lassen. Ich habe gehört, dass dieses Forum dass Adressenposten verbietet.

    Twitterkampanien:

    1. Folgt  https://twitter.com/ePesoInitiative und tweetet eure Viacoinaddresse um 10000 ePesos zu bekommen
    2. Ab und an werden wir Twitterkampanien haben und retweets von Twitteraccounts mit 1000 oder mehr Followern becommen 83000 ePesos.


    Grober Fahrplan:
    1. Walletentwicklung
    2. Verteilung der Währung an die philippinische Bevölkerung durch Facebookanmeldung (adik mga Pinoy sa FB   )
    3. Transaktionen via SMS
    4. Betatest von fiat ePeso Umwandlung in einem Bezirk.


    Bitte beachtet, dass wir nicht für die gesetzliche Implementierung des ePesos garantieren können!

    Mabuhay ang Pinas!


    Telgram messenger with attention economy http://r.getgems.org/m/TuJXXBal9o
    serjent05
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    October 25, 2014, 03:58:34 PM
     #103

    Someone pointed me to this thread. And a post on this thread points to my thread.

    But hey, we're all Filipinos, (and some expats) so whatever works, then good. So I'm supposed to get, hmmm, 133k of your version of epeso if I ask for it? Ok.

    yeah deleted my post,  since Dabs the 1st poster here about epeso agreed with you

    FORTUNEJACK.COM[
                                
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    FREE 1,000 mBTC daily for LuckyJack winners
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    October 25, 2014, 04:01:45 PM
     #104

    This looks interesting. PM sent! Smiley

    Now also following: @JalmariKalervo + tweeted my address.

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    tiger5056
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    October 25, 2014, 04:30:08 PM
     #105

    already PM.
    waiting to get involve.

    nagatlakshmi
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    October 25, 2014, 04:36:43 PM
     #106

    PM Sent.

    Followed Twitter and will add signature later.

    TTCoin
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    October 25, 2014, 04:52:47 PM
     #107

    i applied.
    thanks.

    ePesoInitiative
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    October 25, 2014, 06:06:12 PM
     #108

    Is there a wallet we can download for this coin?

    Not yet. Still working on that. In the meantime, you can use https://clearwallet.co/
    is it possible build new wallet based an asset?

    It can be done, yes.

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    karmala
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    October 25, 2014, 07:08:17 PM
     #109

    He guys I delivered you the German translation.... see some posts above

    Telgram messenger with attention economy http://r.getgems.org/m/TuJXXBal9o
    romawi
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    October 25, 2014, 07:49:45 PM
     #110

    He guys I delivered you the German translation.... see some posts above

    You have to post it as a thread in the german section.

    karmala
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    October 25, 2014, 08:21:51 PM
     #111

    He guys I delivered you the German translation.... see some posts above

    You have to post it as a thread in the german section.

    ok... never looked at a German section....

    well posted it now here in the German section https://bitcointalk.org/index.php?topic=834724.new#new

    Telgram messenger with attention economy http://r.getgems.org/m/TuJXXBal9o
    biggernugs
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    October 25, 2014, 08:35:16 PM
     #112

    Just sent a PM & followed on Twitter. This sounds interesting & would like to see where it goes myself.

    totoy
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    October 25, 2014, 08:44:49 PM
     #113

    watching
    smackii
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    October 25, 2014, 08:56:38 PM
     #114

    Pm'ed, and willing to add it on my signature. First ever if i will Grin

    ilan nga pala total supply neto? Huh
    ePesoInitiative
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    October 25, 2014, 09:02:03 PM
     #115

    Pm'ed, and willing to add it on my signature. First ever if i will Grin

    ilan nga pala total supply neto? Huh

    Check block explorer at OP, 'tol  Grin

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    Arux
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    October 25, 2014, 09:04:33 PM
     #116

    PM sent + add signature.

    jowo88
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    October 25, 2014, 09:05:26 PM
     #117

    PM sent dude
    waiting for free coin  Grin

    totoy
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    October 25, 2014, 09:13:44 PM
     #118

    pm sent tol, la pang tulog Grin
    thanks
    ePesoInitiative
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    October 25, 2014, 09:16:52 PM
     #119

    pm sent tol, la pang tulog Grin
    thanks

    Grabe ka, alas-singko na, ha  Shocked

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    totoy
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    October 25, 2014, 09:28:13 PM
     #120

    pm sent tol, la pang tulog Grin
    thanks

    Grabe ka, alas-singko na, ha  Shocked

    Haha onga patulog p lng  Grin
    ePesoInitiative
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    October 25, 2014, 09:55:50 PM
     #121

    Breaktime first. Then I'll email you, Kendx. And then Twitter distribution.

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    n3lz0n
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    Go XEM Go XEM!!!


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    October 25, 2014, 10:28:34 PM
     #122

    hmmm interesting....

    Philippine Govt backed coin?... hmmmm.....

    hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm,,,,

    To the Moon XEM !!!!!!!!!!!
    kendx
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    October 25, 2014, 11:11:02 PM
     #123

    Breaktime first. Then I'll email you, Kendx. And then Twitter distribution.

    Ok po. Waiting...