Dear everyone,
since I've just had confirmation that certain person has stolen one of my ideas and implemented it on his own leaving me completely outside the equation, and since it appears the same person has also taken at least influences of the idea that is at the core of the 420 Alliance, I feel forced to reveal more details about my plan regarding a new approach to stabilize the value of the coins participating in the alliance immediately.
As I mentioned earlier, the idea is to develop a special coin that only exists as a means to give concrete value to the coins that are accepted to have this coin based on concrete resource as their pillar stone.
The resource in question is Finnish groundwater. It is very pure, there is plenty of it, and it is very inexpensive to "mine". The value of it is still rather high and very stable indeed.
In all it's simplicity, the idea is that one Watercoin always buys one liter of pure Finnish groundwater. The coins whose value is bound to Watercoin can also be used to purchase the ground water. The ratio of values is defined in a simple algorithm that takes into account the maximum number of each coin as well as the other technical details. A company will be established that will take care of pumping, bottling and shipping the water anywhere in the world. Shipping costs will naturally be added to the price.
I would have liked to prepare a proper presentation of the plan but since it turned out that this ex-friend of mine is already working on a water backed coin of his own, I felt compelled to put the information out right away in order not to be accused of stealing the idea from him later on.
Please spread the word of this plan and keep the discussion going!
I am also urgently looking for investors willing to partake in establishing something truly unique, building on an honest, lawful and open basis.
Yours,
Jyri
--
Altcoin.Center
Backed by gold, backed by excrement, backed by "Finnish water".
Yes, lets do this