Thanks guys, let's get the word out

Register on https://tontinetrust.com to check for Airdrop tasks as they are added.

We have just started adding tasks to a bounty program. Go ahead and register to see the bounties. More coming soon

You really need to understand how the bonus is structured.

It perfectly explains the product itself

You may not have Retirement Income Journal at the top of your morning reading list, and neither do your parents but this is where your parents financial advisors (if they are first class) get all the best information.

They have just covered a major in-depth study of Tontine Trust including carrying out interviews on Tontine Trust with many North American retirement funding industry experts.

While it is very nice to get featured in Cointelegraph etc (hint hint), the normally very conservative US retirement industry is starting to get excited about what we are building. This ultimately is the best the barometer of how successful the Token Sale can be. 

The full article can now be read here: http://retirementincomejournal.com/issue/december-21-2017/article/the-crypto-capitalist-and-his-digital-tontine

Great article by Retirement Industry Expert William Borton, Managing Principal at W.R. Borton & Associates

To Live Better Longer, you may soon find yourself investing in a tontine - 12/18/2017 11:22 pm ET

"In a tontine, the investors act like their own insurance company, sharing the risk among themselves, saving thousands in annual costs, and allowing the capital to be invested in a sensible spread of investments which have a much better chance of beating inflation.

Over the years, as members of the tontine die off, their share is distributed among the other members in the form of mortality credits. This means that the longer a member lives, the more monthly income they will receive. Talk about a hedge against inflation!

I, for one, am looking forward to seeing what sort of rock-solid product this Gibraltar company will be bringing to our shores next year. I will be watching closely to see if Tontines fulfill their potential to help me and my generation “Live Better, Longer”.

Full article here: https://www.huffingtonpost.com/entry/to-live-better-longer-you-may-soon-find-yourself-investing_us_5a366f56e4b0e1b4472ae739

Happy to see this.

Finally betting will be liberated

Shukran Sayed

It was so useful 100 years ago that more than half of ALL households in the US invested the equivalent of $170BN in tontines.

What country are you in?

Primarily the Smart Actuary (set of Smart Contracts) seeks proof of life (rather than proof of death) by sending notifications to the user requesting regular check-ins using biometric to authenticate members and confirm their "liveness". There are several solutions for this referenced in the whitepaper.

We will also connect to third party oracles which can provide authoritative death notices. There are many projects developing these at the moment but we will also develop our own.

An example would be an oracle that tracks the US Social Security Death Index

Thanks, that's a really interesting site.

Is it possible you can permission me to edit the profile or all edits must be approved by mods only? (I am tondmc there as well)

Honestly this is what we keep hearing and I agree 100%. I will personally be in the first Bitcoin Tontine for sure and I can guarantee you that some very high profile Hodlers will be in there also.

Hi Sayed,

Arabic translation would be interesting, we understand that Tontines are one of the only naturally Shariah compliant forms of insurance.

Logging in every day would be a pain in the butt.

I think logging in once a month and using biometric identification would be a good start to prevent cheating

It depends on their BATNA ("Best ALTERNATIVE TO a negotiated agreement" with you)

If what they are using is awful, you have a strong hand and can go for $100,000

If what they have works perfectly fine then probably $3,000 - $10,000 is enough

 

The trick is your coins & fiat are no used to you when you are gone.

...but if you spend them too quickly now then.....

A Tontine (Bitcoin or fiat) solves the problem

Anyone holding more than a few bitcoins technically has a price on their head also. 

I think the media stories about tontine murders are just for theatre. If we follow that logic, once a Last Will and Testament  is written, everyone in your family becomes a potential murderer. 

The solution anyway is to use cryptography to protect the identity of the members of the Tontines and even better, when the number of members in the pool falls below, let's say 100, then fix the distributions.

This means that way before there's any practical incentive for foul play to kick in, you have already even removed the incentive 

Your word is my command. Watch this space

I'm with you galambo.

If you take the original Tontine formula, we can run it like this:

HODLERs don't want to sell because...well because these things could be worth a million each one day.

But if you never sell, how can you ever enjoy your cryptomillions? (and not risk taking them to the grave)

Solution: Everyone puts some of their bitcoins into a BTC Tontine which will only start paying out in 10 years.

For the next 10 years you can spend some (or all) of your remaining coins.

In 10 years time, the Tontine starts making monthly BTC distributions spread across the surviving members.

Year by year the number of members drops due to wars, zika, ebola as well as the lethal effects of refreshing coinmarketcap every 10 seconds.

This means that in addition to the growing value of bitcoin, each surviving member gets an increasingly larger share of the monthly BTC distributions.