Calling Bitcoin the Internet of Money, which is what the Bitcoin community did, confused people. And my Coins are going to represent a new kind of Coin, created for a reason. For example. Create a Coin for your Religion (which is what this Temple Coin is), or create a Coin for your Town, or a Coin for your State, or a Coin for your Company, or anything.
This is not going to be the Internet of Money, it is the Hashtags of Money.
The same way Cryptonote created a sytem where anyone can create a Coin, and Forknote created a more streamlined version. I am going to add to that, and I will teach everyone who wants to learn, how to make their own Coin using the page where the Religious Coin files are. So I will take the Cryptonote information, and the Bytecoin information, and everything I have done to figure it out, and the things we went through to make their Instructions work. And I will make it easy for everyone, and since everyone’s first question is probably “What would I make a Coin for?”, my main point will be to Answer that Question for everyone. For your Town, for your Religion, for your Church, for your Charity, for your Government Organization, for your anything. Create a Coin.
Then I will teach people how to get the Coin used by more people. The Cryptocoin system is no different than the Stock Market, or Currency Exchanging between Countries Currencies. It is the same. And it would make a lot more sense if they had meaning.
And btw, I want to explain something about how the Market works for everyone, and about how we can make some money once our Coin has Value. A “Bitcoin Whale” is a person who has a ton of Bitcoin, the concept also exists in other things like Stocks. A Bitcoin Whale has so many Bitcoin, that if they sell a percentage of them, they can actually change the entire Bitcoin market. So, they use this leverage to make Money. The worst/best example is a Bear Whale. A Bear Whale drops the prices so low it scares everyone, then everyone Sells. So then the Bear Whale buys all the Coins everyone is frantically Selling Lower and Lower, they get a bunch of cheap Bitcoins, then they raise the Price back up.
So, the first 100 or so people that are involved in mining and bounties of my Currencies, will have that kind of Power over the regional coin’s market. And we can make a lot of Money with that by itself, or that mixed with Bitshares Assets, or that mixed with another Currency we make later, etc.
We are also currently setting up a Cryptonote Mining Pool, so that when we begin launching these Cryptonotes, we can just add them to our own Pool. So anyone who is interested in Mining, and knows a little about Programming, this is a way where once there are Hundreds and Thousands of people Mining our Coins, their best bet to get the most Coins will be to join a Pool, put their Mining power toward the Pool, get a portion of all the Coins the Pool gets from every Block, and the owner of the Pool collects a small amount of fees from everyone. But once the Coin is up and running, people can start setting up Pools.
And you can set up Pools for various Coins, so you can add new Coins that you want people to mine to your Pool.
Think about it this way, why do you buy a Stock? Because you heard that Google or Apple or Tesla are launching something new. The US Dollar Represents a County, the British Pound Represents a County, the Chinese Yuan Represents a Country. What does Bitcoin Represent?
Imagine if when #IceBucketChallenge happened, instead of doing it to get people to Donate, what if you could have mined #IceBucket coin, and given money to Research that way? They could even Premine 50% of the Coin Automatically in the Code (our Coin won’t have premine, but the purpose would usually be fundraising), then launched the #IceBucketChallenge, and you can actually Mine the Hashtag, and make money from the Hashtag while the creator of the Hashtag makes money.
But you can also do it for your Town, for your Company, for your Temple or Church, for anything. And share it like a Hashtag, and people don’t have to dedicate themselves to 1 Coin, you can mine as many as you want.
And with Cryptonotes, the big Mining Farms can’t take all of the Coins, because they are made for Computer and Laptop Mining. So these are Coins that can’t really become to hard for anyone to mine, as long as everyone knows where the new ones are.
We are going to be creating Currencies that are meant to be used by you, and your City, or you, and your Church, or you, and your Employees and Customers; not coins that are meant to be shared with people who already mine Coins like Bitcoin, Litecoin and Ethereum. We almost don’t even want those people to know about these Coins; because the more directly involved they are in the growth of these coins, the less they will actually connected to the communities they claim to represent. If a bunch of MIT Bitcoiners get involved with a Coin called “Eskimo Coin”, and no Eskimos are using it, but all the MIT guys are using it, then how is it really Eskimo Coin? We almost have to keep the Bitcoin people out, until each coin gets its footing in its community, then present the Currency (e.g. Eskimo Coin) as a representation of that Community, no different from a Stock representing Apple or Google and their Employees and profits.