Quote from: ITGeniusGuru on March 10, 2014, 03:40:51 AM

Quote from: leigh2k14 on March 09, 2014, 06:28:49 PM

Quote from: stratoos on March 09, 2014, 06:16:54 PM

Quote from: nerdist on March 09, 2014, 06:09:41 PM

when exactly are we getting rich ?

In about a years time, after we promote the shit out of this coin!

I think that the early adopters should all help promote as much as possible too.

I know it's un-ethical, but I'll say it anyway.
In its beginning, what transformed BTC from an unknown imaginary currency to something people talked about was its use in illicit drug trade (the silk road) and its use on child pornography sites.
Now, the operator of the Silk Road (Ross Ulbricht) is sitting in a Federal prison and will be there for a long time. We don't want any involvement in illegal activities.
But how about we promote the use and acceptance of FAC on porn sites to pay membership and content viewing dues? they are not illegal. and no-one will get in trouble.
At least temporarily until it is widely known, accepted and demand is created for it by millions of porn surfers across the globe.

There are people still paying to watch porn?? Too many free pornsites now, what you want is to get the coin to be accepted for paying memberships for dating sites. That's how the porn industry is making money now, they put ads for dating sites (why click on porn ads when you're already watching porn?).

Another idea - why don't we create a real company/corp backed by this coin. Any company (coffeshop, brick & mortar, e-commerce, service company)
1. Investment Stage - Everyone chips-in using fair-coin. This will run for a few days after distribution. Investment is virtually free since fair-coin is given free.
2. Election of Board- Once investment stage is complete, board will be elected based on the investors. Total investments will be allotted (e.g. 50% will be held for liquidity, etc.). Business type and other things like SEC registration (US/HK/SG etc.) shall be agreed upon on this stage.
3. Fair-coin hits the exchanges.
4. Corp created will liquidate part of the investment via the exchanges to boot-up the business (registration, hiring, etc.). (e.g. Company will liquidate 2% of investment for operational requirements and salaries)
5. Corp grow the business and will schedule liquidation of coins, buy-backs, and dividends to investors. Now this is the altcoin I would want to invest in, not just pure speculation and something backed by a real asset.

If we create something like this, we prevent dumping of coins once the coin hit the exchanges since majority of the coin will be held by the corp. I'd like to initiate this kind of model on top of this coin but I am too lazy and I don't have trust rating yet.