Quote from: Baghead on February 04, 2015, 09:30:58 PM

Face palm, this is not the way to go if you really cared about poverty you would need no crowd fund to accomplish a coin that any dev fund would be paid to a legit charity, if you led the way maybe miners and investors would help also.

The first thing really you should have done is just asked "can i ask why you are crowdfunding because it looks like it would pay for itself?"

Here is some information first of all about crowdfunding;

1) We have placed a basic crowdfunding of £10 to raise to pay for legal fees for negotiation with governments, court fees and any licensing fees (which in fact may cost millions)
2) We have stated that for a fund of £50 IF the project is successful that £50 will be returned in full to the donator.
3) We have stated that for a fund of £100 IF the project is successful that £100 will be DOUBLED and returned to the donator.

The reasons behind this are that if the appointed legal team is successful in establishing Transit State Commodities as a way in which we can soundly and economically cure poverty and prevent any future financial crisis we would have the ability to issue money to crowdfunders. That would be part of the licensing.

At the end of the day, I created Virtual Gold (Transit State Commodities), I created Aerarium Universitas (the worlds first and only global treasury to issue such commodities) and I will make the decisions on the application and running of both, it is that simple. Unlike governments and banks, I am not doing this to make money, it is to solve a purpose and that is the world needs ALOT of money.

Secondly

It is not a "coin". It does not serve the purpose of providing a way for people to transact currency. Virtual Gold is designed to be stored and invested into new or existing digital currencies depending on future markets. For example if we create a new coin, lets call it coin A, with 100 million units, we only need to store 200 GoldBars (GBS) locked in a central vault to give INSTANT value of $1 each to those coins. Those coins would either then be used to inject into welfare, homeless, jobless OR even be used as pay for particular jobs.

Everybody wins with this, because it helps people through every class system.

Thirdly

I created all the websites, I have done all the ground work, and paid for all fees so far (from personal funds) in all development and appliation so far that exceeds a value well over £50,000. I am giving the opportunity for people all over the world to contribute (thats 100,000 people to donat £10) which will then be ringfenced to pay for all legal costs involved with persuing obtaining licensing. European finance lawyers, patent applications, international trademarking and protection all cost an absolute fortune.

Fourthly

I have been mining and participating in digital currencies since mid 2013, was at the launch of Dogecoin, and have the following;

Small amount of BTC
2,000+ DMD
1,000,000 Doge
1,000,000 Digibyte
10,000 IOcoin
and various other digital currencies.

Sure, they may be worth something, and I may earn a nominal living from running Virtual Gold and subsequent organisations, but at the end of the day the world would be $127 trillion+ better off and people wouldnt have to drink crappy water or look through trash heaps for dinner in third world countries.

Take away everything and the most important things are family, friends, a roof over your head, food, hot and cold water, a shower - we should all have this, which is why A Cure For Poverty was created.

IT DOESNT MATTER TO ME WHETHER CROWDFUNDING IS SUCCESSFUL OR NOT ITS NOT ME THAT WILL LOSE OUT BY NOT HAVING A CURE FOR POVERTY, I WILL CONTINUE REGARDLESS BUT INSTEAD OF TAKING 3 YEARS TO ESTABLISH IT WILL TAKE 10+ . IF CHINA, IRAN OR KOREA FINDS LOTS OF GOLD IN SPACE AND KEEPS IT TO THEMSELVES THEN ITS GAME OVER FOR THE REST OF THE WORLD, THINK ABOUT THAT...