Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MOON] Mooncoin: You know where it's headed! KGW exploit FIXED 4/3/2014
by
Mooncoin_Foundation
on 10/05/2016, 11:21:03 UTC
I approve  Grin
why not also create a new currency MoonLite tied to Mooncoin with fixed exchange 1ML = 1000 moon as an option or warrant?



That's quite impossible to organize (if you mean how call options or warrants work) and besides there would be many legal issues. If you just create a new coin with swap 1:1000, again how to organize a swap, who will control the process and how about decentralization? What if miners don't agree and will continue mining MOON on its main blockchain? What if holders (or some of them) don't want to swap 1000 mooncoins for 1 ML? Or exchanges may not agree with it. And investors don't like coins with swaps.

Now Mooncoin is time-tested and has never changed its rules, that's great. And in fact it's not possible to change its rules until all users agree, but we have so many users and some of them haven't visited this thread since 2014.

Moonlite is not a currency, it's a platform, based on Mooncoin blockchain.
Mooncoin holders (who actually will hold Mooncoin at the moment when a test period is finished, the date will be discussed and announced months before, of course) will get moonlite (1ML=1000 Mooncoins) free of charge. Holders will not exchange or lose their Mooncoins, they get moonlite as a bonus.
But after that moonlite becomes a very rare asset, with no real inflation, nor dumping from miners. And you can do a lot of interesting stuff with moonlite, it's more flexible than any coin, but at the same time it has the most important advantages of crypto: you can send it to your Mooncoin address and to keep it there, and later send from your address only if you have an access to your Mooncoin wallet, so it's protected and decentralized as a classic crypto.

At the same time you can transfer it partially to your website, or to your Bitcointalk account, to use on a daily basis without Mooncoin wallet. Just like people use online web wallets, blockchain.info, etc. if they don't want to synchronize a wallet. But a great advantage of moonlite is that you don't depend on online web wallets admins!


Edit: also what do you think of idea of sending a very small quantity of moonlite to every Bitcointalk's account to involve all Bitcointalk users during an initial distribution of Moonlite bonuses?