Quote from: johnies on April 02, 2014, 08:51:09 AM

Sounds really interesting for investors, but tell me why should anyone mine this coin if all profit goes to "the house"? And if the coin's value rises "the house" still gets more than miners. As people tend to like fairness, I would guess that you get a nice bunch of investors but no one is willing to use their time and money to mine for them.

Good question. An exchange will perform the value transfer from coin buyers in the "House" to coin sellers mining [HOC] for profit. Members of the house want as many [HOC] as they can get because the more they have the more power they have, or in terms of mining shares, the more share payouts they will get(incentive). There will also be a secondary market force of speculators who willl buy and hold the coin for its gold/BTC like deflationary properties. If the business takes off and word gets out, there will be investors buying [HOC] like it was a stock.

Because the House will own most of the coins in circulation, and the value is what they are selling for, the house can set the price to whatever they want(Example: only selling at $1 per coin). (Example: 10.5 million HOC coins valued at $1 each would set the market cap at "10.5 million Dollars" on Coinmarketcap).

A coin only needs a small group of miners to keep it going. This is not like a conventional coin. This is a small business coin run for profit. I don't expect a coin like this to have a pump and then go to zero after a few weeks, but I'm not a futurist so maybe ppl will try and pump and dump it. I think it will rather last for the long term and provide steady guaranteed returns to House investors, and in uncertain crypto markets, steady and guaranteed returns are a great way to hedge part of your portfolio, much better than taking losses.

On a separate note
If we work together we can accomplish much more than separate. I envision a crypto business market that hasn't been tapped yet. There are lots of skilled people that investors could put to work and get back a steady income in the process. Crypto business shares are a way to do this and im looking for great people who want to help make this happen. HouseofCoins is just the start, a building of a community of like minded individuals in a new found crypto space.