Tontinetrust token airdrop just went live:

https://blog.tontinetrust.com/tontinetrust-airdrop-campaign-4c5a9d7e02ec

Please let us know what you think about our tontine-style bonus strategy for early buyers and holders:

https://blog.tontinetrust.com/the-ton-token-sale-aligning-buyer-incentives-through-holder-bonuses-tontine-style-3908c84e8c15

TLDR: We are rewarding early buyers of our TON Tokens not using discounts, but using substantial bonuses that are paid out on a monthly basis to Holders. If anyone sells, they forfeit remaining bonuses which then get shared amongst the remaining Holders, increasing their bonuses dramatically.

Tontines will solve real world problems like this one:

Carillion "has a pension deficit of 580 million pounds". 43.000  people either not going to get their retirement funds OR the taxpayer will have to jump in.

Tontines for the rescue!

https://www.reuters.com/article/us-carillion-restructuring/britains-carillion-collapses-after-banks-pull-the-plug-idUSKBN1F40P0

Also Bloomberg has discovered the new old kid on the retirement block:

https://www.bna.com/tontines-meet-blockchain-n73014473005/

For everybody wanting to learn more about tontines (explaining the actual economics of a tontine rather than the crypto / blockchain side) here is an elaborate interview with Richard, our CFA, conducted by Bill Borton from 'Live better longer':

http://www.ustream.tv/recorded/111734986

The video will probably be moved to another URL in a couple of days so I will try to update the link then.

Yes. From the whitepaper I quoted before:


So your local insurance guy has a financial incentive to offer the tontine (amongst other products) that gives him a competitive commission and his customers 30 to 40 percent more revenue. But say you don't even ask the local intermediary and instead buy TON tokens yourself and buy into a tontine:

Yes, there is a reserve in tokens that will be used to initially incentivize distributors to offer the product along with the other products in their portfolio to their customers. After that initial period tontinetrust is going to pay these commissions out of the fees they are taking in.

I imagine that to be interesting moments when the retail customer realizes how competitive tontines are compared to the current products.

Well to be honest tontines are only the second best retirement solution.

The most superior one is a loving and caring family with resources willing to take care of the old generation. But unfortunately many people are not that lucky and are not in that situation. And since we cannot create care-taking families with crypto-technology we resorted to re-creating tontines and bringing them back to the market .

"The first modern commercially available tontine is headed for the marketplace."

https://seekingalpha.com/article/4125086-presenting-new-retirement-solution-financial-advisors-daily-digest?sht=ozkal3&shu=svx8g

Absolutely.

To be honest the fact that I want exactly that for myself is a big part of my motivation to be involved .

Joe

[UPDATE: token airdrop is live:
https://blog.tontinetrust.com/tontinetrust-airdrop-campaign-4c5a9d7e02ec]


[update: please note our tontine-style bonus programm for early buyers and holders:
https://blog.tontinetrust.com/the-ton-token-sale-aligning-buyer-incentives-through-holder-bonuses-tontine-style-3908c84e8c15]


TontineTrust is proposing a solution to the current global pension funding crisis

Current centralised pension products such as life annuities deliver low returns mostly caused by the high costs charged by Insurers which act as centralized “guarantors".

TontineTrust is developing a platform which solves the costly central guarantor problem by creating peer-to-peer tontine structures administered by an unbiased, mathematically robust smart-actuary.
 
Our Fully Regulated peer-to-peer tontine issuing ecosystem will deliver:

• 40%+ greater financial benefits to the hundreds of millions of global consumers spending ~$350BN per year on retirement income solutions,
• a utility token which incentivizes IFAs, RIAs & Independent Partners & Advisors to take our no-load tontines to the global marketplace, and
• an un-biased, self-correcting, autonomous smart-actuary which can be trusted to act to in the best interest of the tontine members.

Stupid idea really.

For many years now we have been accepting Bitcoin (with zero confirmations and directly, not through Bitpay) at our bar/restaurant in Berlin. Today we have deployed a testnet lightning node and accept testnet coins via the lightning network from a few customers to get a glimpse into the future. And that future looks shining bright!

- No more waiting for the customer's transaction being broadcasted, transactions arrive in milliseconds, not seconds (or sometimes minutes in case the customer uses coinbase or another bank wallet).
- No more looking out for double spend attacks. Not even Peter Todd is going to RBF us on LN.
- No more confusion during times of malleabillity attacks. Transaction malleabillity is a thing of the past.
- Massively advanced privacy for us as well as our customers as only we can see the transactions on our payment channel.
- And we will finally be able to offer free-of-cost payments to our customers.

As a merchant I can tell you that every merchant on the planet wants this stuff. It is like after all these years Bitcoin shows that with LN it can live up to its promises in regards to efficiency, speed, irreversibility and privacy no matter how many people will use it.

Thanks to all the developers making this possible!

edit: pics http://imgur.com/a/64iwK

reddit thread: https://www.reddit.com/r/Bitcoin/comments/62uw23/lightning_network_is_working_room77_is_accepting/

No, quite frankly, I'm not an idiot and I therefor understand the opposite.

Oh shit you are right!

That gives me a feeling of power now!

Gotta find that little thing and deploy it .... .

Bitcoiners: make no mistake! Even though it is very likely that BTU is now going the same way as XT and Classiccoin the re-centralization attempts will not stop.

Bitcoin is a revolutionary approach like never seen before in the history of the world. It is even more disruptive than any revolution seen before as it does not depend on weapons and the beheading of kings but offers an exit from the centralized financial world. It is a truly peaceful revolution that does not need guns and bloodshed and that is not aiming at putting someone else on the throne but burning down the throne altogether instead. Decentralization instead of replacing the central power that is.

Any kind of revolution always triggers a counter-revolution. Re-centralization of the network is the counter-revolution to Bitcoin. In an even more sophisticated way than Xtcoin and Classiccoin BTU is aiming to enable re-centralization of mining, nodes and software development. They even wanted to install a “president” of Bitcoin. No kidding!

With every wave the counter-revolutionary re-centralization movement is getting louder and stronger. This one has been exceptionally smart in attracting big miners / pools to it by telling them that they can outcompete and eat the smaller ones. But with every wave Bitcoin is getting stronger and more resilient as well and it has given us the ultimate tools to fight off these attacks: actual, factual decentralization and immutablity of the ledger. That is what Bitcoin stands for. No compromise on that, sorry!

And these attacks will never stop. So even if BTU goes down the drain now please be aware that the fight for your own freedom will never end. “Compromise” like it has been suggested a lot in the recent days is not anything the re-centralization movement wants. It wants perpetual war and perpetual infighting and it will do anything it can do to achieve that and that means that the next iteration of the counter-revolution is already at your doorstep.

Freedom is never achieved for good. Freedom is something you loose when you go to bed at night and that you will have to fight back again next morning when you get up.

Keep on hodling! Keep on running your own node! And maybe even get that old 33 Megahash USB-miner out of your memorability-drawer and hook it back up to the network just to make a point!

With all due respect my dear your opinion on this sounds insane.

Another fatal bug is being discovered in a fatally flawed codebase and it is somehow the fault of the Bitcoin developers?

Seriously now? Who is "terrified" here now!?

This is so funny. It's the fault of the Bitcoin developers now, isn't it!?

FYI: that bug has been sitting there for over a year. If the BTU takeover would have been successful Bitcoin would be dead now.

Pleeeease can you now go and just do what the usual procedure is for untested ideas and flawed code and just make an altcoin out of it and go away?

Thank you!

I'd be interested in a butterfly one for the laugh.