Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN][QBC] Québecoin - Best X11 Nation Coin - DarkGravityWave – 0.5% IPO
by
Eastwind
on 06/04/2014, 15:30:51 UTC
Although I wouldn't be worried about people stealing health insurance, since it is free, I was wondering more in regard to identity fraud there. Again, I am not sure how common it is for people to share their numbers or not. If it was like a social security number here in the US, it's certainly not something to freely give out. But if everyone just shares their numbers already, then it does seem safe.

Again though, how will you verify it's a real number? Or a real card?

And as far as the giveaway, I didn't mean the entire giveaway all at once, just a small amount, but to everyone in Quebec. Realistically only a small percentage would claim it anyway.

It's a bit of the chicken and egg thing... nobody knows about the coin, so it makes no sense to give it away at first. But by not giving it away, nobody knows about the coin...

We have social security numbers here, you don't give those to anyone because you'd risk identity fraud the same as in the US. Health insurance cards are unique but not sensitive information. Verifying them could be done in various ways such as simply having them scanned and submitted.

There's a post a bit earlier that I made mentioning the technology adoption cycle. It's useless to give everyone in Québec some coins, even a smaller amount. It will still be mostly the same people getting them (the early adopters) and that's why targeted giveaways are a smarter way to go about it.




On the OP, it still says "Premine : 21 Million - 50% for the population of Québec".

We would like ZERO premine, and 50% of the mined to be distributed slowly to the developers and intended parties. That is a long term process.

Yeah that's what I understood from your post. But that brings zero advantages and only additional complications. Miners get less coins, I have to keep up with controlling the new arrival of coins all the time, they can't be secured 100% since I'd have to go deposit them all the time in cold storage at the bank with a trusted third party. The premine exists to keep the coins in Québec and for a slow distribution. There won't be a flood of coins in the market we're explicitly avoiding that. My work is multiplied by not having a premine and instead using a distribution like you're suggesting without gaining any advantage. It's still a long term process as that's the way it's designed to be anyways.

The reason for the gradual release of the mined coins to you for distribution is that we do not trust a person. The security and integrity of the coin depends on the implementation of a proper system.