Quote from: Dabs on January 24, 2018, 03:11:00 AM

Quote from: bravehearth0319 on January 20, 2018, 08:38:01 AM

Para sa akin mas mainam nalang na wag nalang gumawa ng sariling coin ang pinas dahil sigurado naman akong icoconect nila ang sistema ng MLM para makapang scam ulit ng mga taong walang alam sa bitcoin. Katulad ng ngyari sa PSB or pesobitsa simula ng ico nya okay then in the long run kinonect nila sa MLM ayun nagkandaletse letse na nag sistema dahil napsukan na ng mga sakim sa pera.

The coin, if ever, would at the start of course be centralized, in this case I'll be in the center, so eh, ganun talaga eh. Eventually it will have its own life, maybe a separate foundation or entity where I'm still around but have no powers if people kick me out, and maybe it's own governance model. I don't know. I'll help it jump start, but then the community will take over.

While I am not against MLM, it's not something that's on the agenda, it's not something I would tolerate too. They can use their own system or they can exist in the fiat system the way they do now anyway. The idea of selling shoes and having left or right doesn't make sense to me, but other systems do, but those are off-topic already.

if people in that part of the industry would want to use the coin for their business, i think we won't have any control over that. after all, binili naman nila yung coin. but the dev of the coin, in this case, si siir @Dabs, siguro hindi na nya yan pasukin. sa akin may aversion ako sa mlm type na coin. parang nakadalawang sali ako nyan, parehong naglaho. pwede ko bang banggitin dito para reference or wag na lang kasi off topic siya. anyway, independent si coin jan sa mga gagamit nito sa mlm. if gamitin nila, let them, makakatulong yan para mapalawig ang coin natin.

Quote from: Dabs on January 24, 2018, 03:11:00 AM

Quote from: 1C6fV5DtakfKANLJ8GUV7hCaA on January 20, 2018, 03:16:35 PM

I say we do need a crypto coin of ours that has a 1:1 ratio to the PHP value. This way we can go cashless and buy other cryptos instantly and securely. The purpose of this 1:1 coin is to completely replace our paper money. Then, this way we can start more crypto related projects. Plus! Heck, we got good accounting and no more effin corruption.

No one can create a coin that is pegged to a fiat value except the government or big corporations, and that's not something we like to force ourselves into. Sure there are bitshares-USD and USDT (tether), but notice that they also don't have the exact dollar or fiat value, it's still fluctuating a bit. The price is controlled, but eventually it will either go out of control, or is heavily centralized anyway, eh di sana yung banko sentral na lang ang gumawa ng coin.

There is a proposal in congress I think. I also think that's not going anywhere. The current administration is focused on law and order, on corruption, on drugs, on other things we shouldn't worry about. The next government will have other problems that we also shouldn't worry about. Until they say something crypto related, we don't mind them.

The bounties or airdrops must be of the coin itself. If people dump them, that's their loss. It should be something that instills value in itself, not deriving it from outside except in the case of PoW mining.

Tokens hosted on other platforms (such as ETH or WAVES or QTUM or ETC) are out of the question, I won't do it then. You are relying on the platform, and anything that affects those networks like cat games or something ...

i agree, we can't follow that ratio kasi dynamic ang market so ang price will never be fixed at a specific rate. the default cryptocurrency pair will always be against btc like if our coin will be named Dabs Coin (example lang) with ticker DBS, ang pair will be DBS/BTC. so yung rate ng DBS is determined by its comparison to BTC. kung mag dump sila, naturally, bababa ang btc value nung DBS coin natin (example lang yung DBS baka isipin nyo yan na ang name!).

tendency kasi ng karamihang bagholders ng isang coin dito sa pinas is join the the airdrop or the ICO and then kapag lumabas na sa exchange, magduump na yan sila as soon as mahit ang price ceiling ng coin. may chain reaction na yan dahil maraming newbies na sasali jan and madadala sila and magpanic na yan sila kaya sunod sunod na dumping ang pwedeng maganap. kaya sir Dabs, wag sana kayong panghinaan na loob at iabandon ang inyong blockchain tulad nung dev ng psb....