Why is this turning into a forum of price speculation on a coin that currently has 0 value. Shouldn't we be discussing a way to actually assign value to this coin rather than ermagerd theres 50 million total so my 1000 should be worth 5000 btc?
Totally agree with that. The value es 0 if there are no services for the coin.
Re-posting earlier idea. Anyone willing to work on this? I'm willing to invest 3/4 of my coins for this.
Why don't we create a real company/corp backed by this coin. Any company (coffeshop, brick & mortar, e-commerce, service company)
1. Investment Stage - Everyone chips-in using fair-coin. This will run for a few days after distribution. Investment is virtually free since fair-coin is given free.
2. Election of Board- Once investment stage is complete, board will be elected based on the investors. Total investments will be allotted (e.g. 50% will be held for liquidity, etc.). Business type and other things like SEC registration (US/HK/SG etc.) shall be agreed upon on this stage.
3. Fair-coin hits the exchanges.
4. Corp created will liquidate part of the investment via the exchanges to boot-up the business (registration, hiring, etc.). (e.g. Company will liquidate 2% of investment for operational requirements and salaries)
5. Corp grow the business and will schedule liquidation of coins, buy-backs, and dividends to investors. Now this is the altcoin I would want to invest in, not just pure speculation and something backed by a real asset.
If we create something like this, we prevent dumping of coins once the coin hit the exchanges since majority of the coin will be held by the corp. I'd like to initiate this kind of model on top of this coin but I am too lazy and I don't have trust rating yet.
