Post
Topic
Board Marketplace (Altcoins)
Re: [ANN] Providence ICO
by
Qunenin
on 01/10/2016, 09:25:28 UTC
Yes, if all goes according to plan, we will hard fork/upgrade Bitcoin by issuing 21 million BTC on a private ledger. Our fee is Bitcoin previously burned i.e. counterparty offering. I'm proposing 1:1 trade in on a peg to a final burn address. This will save Bitcoin technically and enable miners to keep going and keep trading in. I proposed this because I see the banks configuring to adapt Ripple's technology. The mainstream could shift away from Bitcoin.

Providence's success does not depend on this upgrade.

I think that what you are saying is that the “client side” will be using the services in a pay-per-use manner. I believe that Maidsafe is the same concept,
but more of a server-side pay-per-storage model. Am I completely off base on either of these?