Quote from: eagle10 on March 30, 2018, 08:33:01 AM

Quote from: NotAReelDev on March 28, 2018, 08:49:00 AM

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DRegulate

(DREG)

Permissionless disobedience

We are living in a pivotal time in human history when the people are on the verge of taking the reigns of their own destiny. Cryptocurrency has given the "Average Man" a new tool to empower his own future and change his lot. Like in the past, if a man is too close to the heavens the gods must try to strike him down. The so-called "experts" have enacted a bunch of new tax laws which are so convoluted and impossible to follow that on April 15th many Americans will become criminals and face harsh penalties. These regulations will basically kill crypto as a currency and make settling trades a costly event.

Let me start by saying that i am a law-abiding citizen who wants to pay my fair share and i do not support breaking the law and THIS IS NOT MY INTENTION. i also feel that long-term capital gains taxes seem logical and promote holding bitcoin (this is good) however, the short-term capital gains tax on all crypto transactions (for short-term holds) is unfair(extra taxes for payees who work for crypto and merchants who accept crypto) and impossible to track without hiring a very expensive accountant. Some people (especially freelance programmers in the blockchain space) ACTUALLY USE CRYPTO AS A PAYMENT METHOD AND CURRENCY!!!! Miners will have a very trim profit margin (mining was previously tax-free) and many people will have years of headaches and litigation ahead of them.

Furthermore, it is futile and short-sighted to attempt forcing crypto into the old world model. A permissionless globally distributed anonymous system dosent behave in the way that a centralized system does. There are many uses for crypto and many kinds of crypto users. it is impossible to create a "one size fits all" blanket tax and securities regulatory statute. That is kind of the point of these networks.

We are a small crew of programmers, miners, and traders who come from different backgrounds and ideologies. We have started this project with four key goals:

1) To create a privacy-focused network using zero-knowledge and obfuscation thus rendering regulations pointless.
2) To raise awareness about the unfairness of regulations to crypto USERS and MINERS
3) To create a support system for people arrested or tried for tax evasion when they were not engaged in trading cryptos as a business (ie. for mining or spending crypto). We would like to start a foundation and help people by providing lawyers and accountants if needed.
4)To Work towards a fairer system by pursuing facetime with legislators to enact fair legislation.

COIN SPECS

ALGO - TBA -(an obscure rarely used algo with gpu miner available at launch(no renters Grin

)

MAX POW - ~50,000,000

MN Availability - after 1 week with week 3 being 50/50 split (POW/MN)
POW phase - 1 yr

DISTRIBUTION - rapidly declining with 10 mil produced in week 1 (early adopter reward)

POS begins BLOCK 262981

2% Premine 50% reserved for the creation of a crypto user activist support group

BOUNTIES

We will set aside bounties for translation and social media/signatures

a generous airdrop for SR MEMBERS + is planned

we are considering escrow services for MN and coins being held for the activist fund. this provides a level of trust with the community

WALLETS AND GPU MINER

Launch 4/1/1 00:00 UTC

POOLS

FIRST POOL

Easypool

This pool was the first to offer a spot and we are grateful. We will throw our combined rigs at it @ launch

AVAILABLE @ LAUNCH

ART CONTEST

We have some artwork but we are going to create a contest for artists to design better material. We are going to offer 10,000 DREG to the top artist.

if 3 or more people enter the best 2 will split 9000 60/40 and 1000 will go to the dankest meme posted. so anyone can win something.

All art must be posted by 2100 UTC March 30th.

The winner is chosen at 0000 UTC March 31st.

Sounds interesting to watch for. I hope that this project won't like that of other projects, which after a while the dev gone and no more updates for sometime until all of the project gone completely. You have a good project plan and leaving it or abandoning it isn't a good idea for now.

thanks. i wont abandon the project and i will develop it as far as people want me to and are willing to support it

Quote from: urlikeder on March 30, 2018, 08:02:36 AM

What's technology behind this project, Is it an ERC Token?

no this is a new wallet and independent chain there is no "gas " needed (just a few million joules )