Re: Introducing new ALT Coin

FIATCOIN (FCT)

The way it works is the difficulty skyrockets right after the first block, however, the coin initially trades at a reasonable value but over time it becomes worth less and less and collapses entirely.

Update:

Also, I hold the printing plates so i can create an unlimited amount to bail out my FIAT banking buddies further watering down the value of the coins you earned with your hard work but not to worry because if we have a financial crisis we will simply declare a FIAT Coin banking holiday and seize your coin accounts, haircut you!

I'm another country, and we'd like to loan you trillions of your own FCT, interested?

Definitely, but we would need collateral for backing...something along the lines of paper FTC futures perhaps or FTC Bonds. We could offer you -3% returns on 10 year bonds or fake gold from our empty bullion repositories but we would have to pay out FTC if you asked for physical delivery.

PM me Ben@fed.racket