Quote from: kisa2005 on June 05, 2014, 06:53:18 PM

Now someone can buy the majority stake in the catcoin for some 20K and make it their business, with strategic marketing plans, how to grow community etc. Wink

sorry but not volunteering for that calling myself...

Well I sorta already did that with the amount of time I spent on it Wink

The strategic marketing plan is as soon as I get some free cash flow, I'm going to buy a crapload of catcoin and clean out the catbox (https://bitbucket.org/dahozer/catcoin/) and give Urocoin a worthy competitor for asset-backed cryptocoins with a CAT-backed coin.

A couple of months ago I included counterparty in my Catoshi version of Catcoin, and it turns out that was a good bet. I am even doing a little experiment of seeing if anyone will buy http://blockscan.com/assetInfo.aspx?q=SOYBEANS on bitcoin-counterparty, which I'm intending to exchange 1 SOYBEAN for 1 pound of food-grade non-gmo soybeans when I get them harvested and bagged this fall.

So the business plan is use a blockchain that I trust (catcoin) as a basis for the features of counterparty that are actually useful for hedging niche-market commodity food production items. And I need someone to help me run a web store that sells cat food and cat litter exclusively in Catcoin.

But that only works if there's a long-term predictable and stable value for Catcoin. So what I'm going to do after I buy a bunch more catcoin is *change the coin supply*, and add dePurrage (aka Demurrage) that will slowly over a few years reduce the coin supply until 1 Catcoin is worth what it cost for the privilege of being owned by a cat. That's about $10,000 US dollars at current cat-food and vet bill prices. And then if there are a bunch of speculators that push the coin value too high, we'll turn on the mining spigots and make more coins.

This is going to be controversial, so I'm not going to bother debating this with anyone else, I'm going to release the code, and you can debate by deciding if you run my code or not. If the community doesn't like it, I'll be quite happy to call it Kittycoin, the younger more impulsive sibling that forked from Catcoin at block 210,000.