Seeking professional crypto experts

[changeproject]

I have come up with an incredible idea and I need the following.

Coin dev capable of a secure POS coin code
Android app dev
A team that can develop a working secure exchange similiar to Coinbase for our coin
A banking lawyer
A salesman with extensive crypto currency knowledge


Please pm me for more information.  Yes, I know this sounds like a pipedream.  IT WILL WORK AND THOSE INVOLVED WILL BENEFIT GREATLY.  Thank you

Update White Paper Oct 31st 2014 8:30 pm EST :

https://drive.google.com/file/d/0ByLJ5ZnzFhFfblFOTkhUVGt6Z2s/view?usp=sharing

[Palmdetroit]

[Unbelive]

Still searching

Maybe you should lover your expectations. Such people are rare to find. You should start small.

[kelsey]

made me lol 

[bee7]

I am not looking for a "job" - I have enough on my hands ATM.

Read through the whitepaper draft.
1) I don't see any know-how to sign an NDA in the road map you outlined unless you plan to do some questionable things.
2) How you are going to maintain a fixed rate of $1 per coin? Do you have $800bln to invest in this scheme?
3) What do you mean 'secure PoS coin code'? Isn't the mainstream PoS code base secure enough? (I do not mean a lot of shit-clones, I mean PPC and/or NVC)

[bee7]

I am not looking for a "job" - I have enough on my hands ATM.

Read through the whitepaper draft.
1) I don't see any know-how to sign an NDA in the road map you outlined unless you plan to do some questionable things.
2) How you are going to maintain a fixed rate of $1 per coin? Do you have $800bln to invest in this scheme?
3) What do you mean 'secure PoS coin code'? Isn't the mainstream PoS code base secure enough? (I do not mean a lot of shit-clones, I mean PPC and/or NVC)

1.A white paper is a draft....doesn't require insider info.

2.The money that people buy the coin with will be used to pay it back.

3.No it is not.

Everything that you described already exists and working not as you expect it and/or want to see. The merchants will have no reason to use your coin as they already have fiat and pay approximately the same fees (it varies of course from place to place, country to country, or specific agreement with financial institution).

I have no comments about the answer for point 1.
3) Either prove that it is not secure or keep quiet. The raw statement "it is not secure" is not enough. The reasoning of possible 51% attack is not an argument. This problem is known from the very beginning - nothing to discuss, the PoS model assumes the possibility of 51% attack, or you are misusing the abbreviation of 'PoS'.

[bee7]

I will put it another way: "What salary?"

[sidhujag]

First your exchange is centralized.. Second it would fall under legal issues dealing with fiat and third your peg idea sounds like nubits.

You need a decentralized autonomous corporation to do pegs between a usd token and x.. Thus its not a money transmitter but you will need price feeds until it gets big because its decentralized.

Thankfully all of this and more already exists with bitshares and you should just raise funds and buy bts as its going live in a week or so.

Btw pos wont fly u need dpos so u need to research some more or u can merge mine with btc

[bee7]

I will put it another way: "What salary?"

What?

No one would work for you to be paid in your coins to be created. You are hiring a team in this thread. So, the question: "How much?"

[bee7]

I will put it another way: "What salary?"

What?

No one would work for you to be paid in your coins to be created. You are hiring a team in this thread. So, the question: "How much?"

There are people who will see the potential.  I have faith.  You do not.  I wouldn't hire you.

Your assumption is not correct.

Yes, I do not have a faith in closed source project (remember - you are requesting to sign an NDA?). But if the salary (fixed rate) is good enough then I would develop even the program to control a robo to clean a desk from dust. But in this situation I want to know at least a risk of revealing my info to some unknown person on the internet (you probably would want to know with whom you are signing the NDA). As far as you have some insider info behind your scheme I have no chance to know what exactly should be implemented before I sign the NDA: it could be unacceptable for me due to moral/legal/religion reasons.

Edit: as soon as your project is faith-motivated (you have no $800 bln, you do not offer salary in $ or BTC) and you have only some miracle idea, the project would fail.

[Snail2]

What you described in your whitepaper is basically a thinned NXT pegged to USD.

If you want to work on a free market where prices depending on supply and demand you cant ignore that market, unless you are able to back all you 800 billion coins with 1USD each.

"2.The money that people buy the coin with will be used to pay it back."

Sounds like some sort of Ponzi scheme.

[Este Nuno]

PPcoin people already created this:


https://nubits.com/

[Este Nuno]

PPcoin people already created this:


https://nubits.com/

It is not the same, and I do not see their FinCen msb number anywhere.  So they will be shut down as soon as they gain any sort of legitimate use.

If you're going to register with FinCEN why why bother making a cryptocurrency? Just make a secure centralized database and skip all the headaches of making a crypto.

The point of decentralisation is that they can't just be 'shut down'.

[Snail2]

Basically, a Ford is the same as a Ferrari.  It has four wheels and an engine.

How is it a ponzi scheme?  Please explain.  If someone buys 10 of my coins  for 10 USD they can immediately turn around and sell it for 10USD.  In fact, they can leave them in their wallet for 30 days, and accrue .4% interest on it and then sell it back to me for $10.04 .  I would lose $0.04 on the deal.  So how is this a ponzi scheme?

Probably not intentionally a ponzi but it will be. You want to charge merchants by 0.8% and pay 0.4% stakes. So if you do not have enough transactions you can't pay dumpers. Because of the POS and the fixed value, your coin is still deflationary therefore it worth to hoard. Let's say I've bought 100000 coins and keep sitting on it for the 400 USD profit what I cash out in every month. That means you will need 50000 coins spending in every month just to keep paying me. What you will do if you have only 40000 coins spendings in a given month? The POS system will automatically reward me with 400 coins but from the transaction fees you can cover only 320. You will not have any other choice than using the newcomers money to pay me. That can easily turn into a snowball effect.

[kelsey]

PPcoin people already created this:


https://nubits.com/

It is not the same, and I do not see their FinCen msb number anywhere.  So they will be shut down as soon as they gain any sort of legitimate use.

If you're going to register with FinCEN why why bother making a cryptocurrency? Just make a secure centralized database and skip all the headaches of making a crypto.

The point of decentralisation is that they can't just be 'shut down'.

you'd be surprised on how many in the crypto crowd (including core btc developers) this is lost on

[Snail2]

It is possible and I acknowledge that but why would you put $10000 to earn .4% interest when current savings accounts are atleast 1.2 % and other financial tools are even higher yet.  It is possible, but I am betting that someone walking around with $10000 will 1.) spend it 2.) put it in the bank .

The punchline with this is that 1.) Merchants save ALOT of money.  2.) Consumers will be able to accrue interest on their "spending money" and will have a safer way to carry it around.  Read this http://www.mcx.com/ and then remove Fortune 500 club exclusivity from it, along with privacy concerns, and add .4% interest for consumers.  BOOM!!

0.4% monthly interest is 4.8% per year and it's tax free for any amount of money . I agree, ppl can make more profit with that amount of money but this is a practically riskless nobrainer investment with better return than most savings accounts.
So I think if you want to mitigate this risk you have to pay lot less POS rewards, probably significantly less than average savings accounts (here in the UK the current annual rates are between 1.2-3.5%).

Edit: BTW how your unsold coins are staking?