Re: [ANN] ERMIS (ERM) |The Merchant Coin| Proof of Investment |LIFETIME SHARES
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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.
Actually it will be possible to create an automated system which will simply share to every adresses on the blockchain once it grows big enough excluding the specific exchangers adresses.
For now this is not a concern.
"an automated system which will simply share to every adresses on the blockchain once it grows big enough"
... Your answer really makes me worry. You really don't understand the concept of bitcoin protocol.
I am having an opposite thought. This is much more difficult (not so simple) when the blockchain grows bigger and bigger.
It is because it will require a lot of computation power to do blockchain analysis to find out the "real balance" of every single addresses when you have a blockchain of gigabytes or more..... LOL
This is pretty much a solid concern here and i can see your point. At this early stage we can say we overlook this problem, we might say thanks to you for pointing this out. We can find a way to at least avoid this problem, one thing i can see to make a precise distribution is by creating a platform where ERM investors and ERM coin holder can deposit and withdraw their coins whenever distribution is about to take place or we can arrange exchange to do this for us if you are concern about us running people's coin like what sharecoin did. Hope this at least answer your concern about the ERM and dividends distribution
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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.
Please read carefully "address balance " is diffrent form seeing balances through "addresses" if you are referring to that unless you wanna look it that way there's nothing i can do