Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - Avante Vandaleur

Pages: < Back  1 [2]
21

Now, I may not know how digital currency works but I strongly suspect that converting it would require the currency in question to have some value or can be backed by some value.  Ex: The Norwegian kroner is used in Norway to purchase goods and services.  Outside of Norway, it's useless but can be converted to Euros or Dollars because the Norwegian government guarantees the value and that someone will want Norwegian Kroner.

The question then is: who would want FEND?  How would we ensure it's value?  What value would it have to others?
Value is merely perception, (as with most things) but it will mostly be created by the total currency supply and will be backed by the energy it takes to produce a FEND currency unit, as well as the security & strength of the network of users.
Also the currency's usability, and of course exchange market traders will have a speculative effect on price/value just as any other market currency or commodity. 

22
Why?
We produce nothing worth selling and such a currency would really only be usable inside the society.

You might as well try to sell arcade tokens from Chuck E' Cheeses.
thank you for your comment.


The currency would be usable inside the community, as well as outside, by converting to bitcoin or other digital currency, and even fiat if desired.

Any content contributed in the community that is forwarding of the Flat Earth movement should be considered as having value.  See Steemit platform for an example.

Also, once again- my proposition does not involve selling anything to anyone. Users are rewarded thru block rewards as they contribute hash power to the network. 

23
Rushy,
Thank you for your comment. You have provided a great amount of information about bitcoin on this forum. Great work.

I do not propose a central bank. The Flat Earth community deserves its own currency as much as every society or group or community.. as most all will implement some kind of future community currency. [FEND] is proposed as a decentralized currency distributed FAIRLY to its community through the mining process. (Not a token created and sold to the community) And while bitcoin's network has been a success in security- it has failed in decentralization of its currency. [FEND] would be accessible to mine by the average PC user and resistant to ASIC.


Blockchains are databases, true. But decentralized databases. Centralized databases are single point of failure. I do not propose a replacement to anything. Merely a supplemental tool to assist in the preservation of truth for all. Shouldn't we all, especially as Flat Earthers, have a duty to support such tools?   

24
Ive been working on a decentralized peer to peer blockchain with its own currency for the Flat Earth community. This could later include features like encrypted file sharing, encrypted messages, even a voting mechanism helping to provide an additional form of democracy amongst the community as a whole. [FEND] would be a distributed ledger created by users joining their computer's cpu power together to form a network capable of handling its own currency transactions and payment processing- outside of and without the help of tyrannical governments and banks.  [FEND] Flat Earth Network Dollars are distributed as block rewards for exchange of one's cpu power that creates the [FEND] blockchain, block by block. These blocks can later be used as a record storage for important Flat Earth data, helping to preserve the truth for many generations to come. Interested in what you all think..
-AV

Pages: < Back  1 [2]