First Proof Of Identity Cryptocurrency I thought crypto currency is decentralized and anonymous and this is also subject for abuse,abuse by the users and also by the holders,once it entered the exchange,the dev will b ein full control of the trading ..Because you only have 0.000001% percent of the supply.
There is one master address with all the 8.7 trillion - (255,000 that's been given out). I will prove that the amount given out is equal to 1000 x the number of successful phone verifications. After proof of burn, this won't be an issue.
why not put premine in escrow
How would I send it out though?
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BoardAnnouncements (Altcoins)
Re: [ANN][JCS] JackCash - First Proof Of Identity Cryptocurrency!
First Proof Of Identity Cryptocurrency I thought crypto currency is decentralized and anonymous and this is also subject for abuse,abuse by the users and also by the holders,once it entered the exchange,the dev will b ein full control of the trading ..Because you only have 0.000001% percent of the supply.
There is one master address with all the 8.7 trillion - (255,000 that's been given out). I will prove that the amount given out is equal to 1000 x the number of successful phone verifications. After proof of burn, this won't be an issue.
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BoardAnnouncements (Altcoins)
Re: [ANN][JCS] JackCash - First Proof Of Identity Cryptocurrency!
What are your future plans for the development of the coin?
1. Figure out best way to spread it and get huge userbase (We are at 225 users right now) 2. Get it listed on an exchange (This is probably pretty important for 1 now that I think about it) 3. Get some news coverage hopefully 4. ?
So this is nothing more than a give away coin,with no feature or roadmap attach to this coin,I have a feeling that this is just a way to get as many verified phone numbers,so you can sell it to companies ..
And the supply is simply outrageous,when it hit the exchange,we will see a heavy dump from the dev and I thought give away is not allowed here..
Be a little patient, this isn't a coin that needs to blow up in a day. There are 1000 JCS per phone number, I will publish the SMS API records to prove that that is all that has been distributed.
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BoardAnnouncements (Altcoins)
Re: [ANN][JCS] JackCash - First Proof Of Identity Cryptocurrency!
What are your future plans for the development of the coin?
1. Figure out best way to spread it and get huge userbase (We are at 225 users right now) 2. Get it listed on an exchange (This is probably pretty important for 1 now that I think about it) 3. Get some news coverage hopefully 4. ?
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BoardAnnouncements (Altcoins)
Re: [ANN][JCS] JackCash - First Proof Of Identity Cryptocurrency!
With these specs.. 10 minute blocks, difficulty recalculation every 14 days, and the sha256 hashing algorithm
The coin is easily killed. Anyone with bitcoin miners can redirect their hashes to your coin, drive up difficulty and then leave. Your chain will be stuck on high difficulty.
-edit- LOL! just noticed 8.6 trillion coins. haha. funny.
That's always a risk, but hopefully we'll be able to maintain a high hash rate if the coin has value
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BoardAnnouncements (Altcoins)
Re: [ANN][JCS] JackCash - First Proof Of Identity Cryptocurrency!
by
earnabit
on 14/11/2016, 19:04:10 UTC
Any ideas for ways to advertise this?
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BoardAnnouncements (Altcoins)
Re: [ANN][JCS] JackCash - First Proof Of Identity Cryptocurrency!
Haha yes crazy, any normal person would be crazy to give their permission for someone to read and use their phone details by clicking the 2fa for 1000 worthless jacked cash.
Sounds like someone's gonna miss out on the JackCash wave ~~~~~
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BoardAnnouncements (Altcoins)
Re: [ANN][JCS] JackCash - First Proof Of Identity Cryptocurrency!
how do you do "proof of identity"? a pure advertisement word, or otherwise do you care to publish the algorithm?
The special algorithm is just require a unique phone number and send 1000 JCS if the user can verify its theirs. This is the only way JCS are created after the initial 8.7 trillion
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BoardAnnouncements (Altcoins)
Re: [ANN][JCS] JackCash - First Proof Of Identity Cryptocurrency!
How do we know you wont abuse your access to all the jackcash earnabit?
It definitely requires a bit of trust, but its worth it for the ease of distribution. Wait until the proof of burn before investing too heavily if that's an issue for you. I'll release my Nexmo account records too to show the correct number of messages were actually sent.
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BoardAnnouncements (Altcoins)
Re: [ANN][JCS] JackCash - First Proof Of Identity Cryptocurrency!
Most people only have one or two phones. If people ask to borrow other people's phones, it spreads info about the currency. Phone numbers are under the control of phone companies so its a big hassle to change them or get multiple of them. Its not perfect, but should work well enough
You do not misunderstand. Anyone can buy a SIM card 10-20-100 and pass the verification on your site. Then it turns out that enormous number of coins will be in the hands of one person.