Quote from: lfilipetav on July 27, 2017, 03:00:41 PM

Quote from: ethereumnews on July 27, 2017, 02:29:51 PM

Stupid coin with stupid goal. Crypto currencies were meant to bring people together.

I hope your shit coin fails.

I Hope your lack of interest beside Ethereum News dies. India in many parts of the country is suffering from the lack of pressed fiat currency. The size of the country in terms of money management is nowhere compared to any country. I am an European, maybe since my country has close ties for centuries with India we get more news but still. It wouldn't hurt to google it first.

Some people in India just don't have access to fiat currency, in the means that would be necessary. If you add that to the fact that some people don't have access to a decent banking system, or at least functional one like in the west. The distribution is flawled.

I want to know more on how they think this should work, understand how they might create value for the coin (as it will be distributed) and get people either mining it or be used as node. And how they plan to work around the 1 person = x Gupta, then if one person dies = y, one person is born = z.

If this options are not implemented, the whole point behind the set number of coins per person is useless.

Thanks for your educated insights. You catch the exact reason why we decided to do this.

As an answer to your last question, we have no true answer. We planned a certain amount to be released to the people of India. Surely we can't foresee any demographics in the future. But the total amount of Gupta released to the people will organically balance itself between it's users.