Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ERMIS (ERM) |The Merchant Coin| Proof of Investment |LIFETIME SHARES
by
cryptobuddy
on 23/10/2014, 08:15:26 UTC

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After one has spent his/her coins for many times, how your team could trace how much ERM this guy has? According to Bitcoin protocol, it is impossible/very difficult to trace how many coins a coin holder has.

If it is too difficult of us to trace the Coin holders Coin we can always take the steps of  manual verification for precise calculation of coin share for ea holder. Otherwise we will verify them thru final balance of coin on ea addresses ^^, but am sure Tech team will come up for a solution for this.

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manual verification

Not possible if your altcoin becomes successful

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Otherwise we will verify them thru final balance of coin on ea addresses

Seem like you are proposing some promises, but do not have a correct concept about "address" for bitcoin-based cryptocurrencies.

Your tech team better providing a solution here before doing the IPO.
 
Good luck.

It would be hard to track the coins through block chain, but not big deal! A simple way to make it work is just to have people screen short their wallet, once few times a month. The share part is totally a plus of this IPO project, take shares from the income of the ERMIS business.

Obviously the team has carefully designed the plan. Having people hold coins to acquire shares will prevent dumping pretty much. I will view this is a very good sign of the project.

"screen short their wallet, once few times a month." LOL

This is really low tech .. and lot concerns on validity.... LOL