Fake product protection tokens
So recently (thanks to Tolya from U-node for the MNT) the main premise of the upcoming update - coins with a limited emission and i felt a lot of lightbulbs light up above my head. I'll tell you about one of them right now.
Limited emission can be set when creating a coin and when it's reached you can't buy any more - the system gives you an error. After playing around with this feature on a few coins i thought of something - what if you set a minimum reserve to 10K MNT and make the maximum emission equal to its initial value? You get a coin that's impossible to sell or buy, you can only send it. This is the concept for the best fake product protection in the world.
How does it work? A corporation releases a protection token for, fuck it, Gucci with a 10K BIP reserve with a few trillion coins in the emission (just to make sure it's enough) with the aforementioned scheme. There you go - this coin can only be gotten from the creator, and is impossible to counterfeit. That is what we'll use in our solution.
Going forward, a Minter wallet is made for every unit of a product, a private key is printed on the product in the form of a QR code and is covered by a scratch off layer, and to that address 1 GUCCI and 0.01 BIP is sent, and the private key is removed from the system.
Now let's fantasize about how it'll work in real life. Let's say some influencer goes to a GUCCI store, buys a shirt for $500 and then they subconsciously questions themselves if they were scammed with a high quality fake shirt. But with our system they would rest assured that they bought a legit shirt after scanning the code from the official Gucci app and seeing "Approved, genuine product" pop up on the screen. And the smart Minter algorithms work in the background, sending the 1 GUCCI back and removing the code from the system never to be used again.
In the end it's simple, cheap, reliable and secure. And it's definitely not the only way to use Minter's quick cheap transactions.
So recently (thanks to Tolya from U-node for the MNT) the main premise of the upcoming update - coins with a limited emission and i felt a lot of lightbulbs light up above my head. I'll tell you about one of them right now.
Limited emission can be set when creating a coin and when it's reached you can't buy any more - the system gives you an error. After playing around with this feature on a few coins i thought of something - what if you set a minimum reserve to 10K MNT and make the maximum emission equal to its initial value? You get a coin that's impossible to sell or buy, you can only send it. This is the concept for the best fake product protection in the world.
How does it work? A corporation releases a protection token for, fuck it, Gucci with a 10K BIP reserve with a few trillion coins in the emission (just to make sure it's enough) with the aforementioned scheme. There you go - this coin can only be gotten from the creator, and is impossible to counterfeit. That is what we'll use in our solution.
Going forward, a Minter wallet is made for every unit of a product, a private key is printed on the product in the form of a QR code and is covered by a scratch off layer, and to that address 1 GUCCI and 0.01 BIP is sent, and the private key is removed from the system.
Now let's fantasize about how it'll work in real life. Let's say some influencer goes to a GUCCI store, buys a shirt for $500 and then they subconsciously questions themselves if they were scammed with a high quality fake shirt. But with our system they would rest assured that they bought a legit shirt after scanning the code from the official Gucci app and seeing "Approved, genuine product" pop up on the screen. And the smart Minter algorithms work in the background, sending the 1 GUCCI back and removing the code from the system never to be used again.
In the end it's simple, cheap, reliable and secure. And it's definitely not the only way to use Minter's quick cheap transactions.
So the network just updated. Let's go over the details.
Limited emissions. We already talked about this in the previous post, it has tons of potential. Once the maximum emission is reached the coin cannot be bought by standard means.
Multisignatures. Can't wait for this one, amazing for crowdfunding platforms. To send a transaction, multiple trusted members have to sign it first (security and a new level of transparency).
Coins cannot be deleted and the minimal reserve for them (including existing coins) will be 10K BIP. If the reserve is less than 10K the transaction is automatically cancelled.
This update is said to make the network more accessible, safer and more reliable. This combined with the fact that more than 10M BIP will be frozen in the minimal reserve for every coin might make the price go up.
We'll see.
Limited emissions. We already talked about this in the previous post, it has tons of potential. Once the maximum emission is reached the coin cannot be bought by standard means.
Multisignatures. Can't wait for this one, amazing for crowdfunding platforms. To send a transaction, multiple trusted members have to sign it first (security and a new level of transparency).
Coins cannot be deleted and the minimal reserve for them (including existing coins) will be 10K BIP. If the reserve is less than 10K the transaction is automatically cancelled.
This update is said to make the network more accessible, safer and more reliable. This combined with the fact that more than 10M BIP will be frozen in the minimal reserve for every coin might make the price go up.
We'll see.
Do you like insider info? Here's a fresh one for ya straight from 1001 - a new validator by the name of VOTE which is developing a feature that allows collecting of everyday users' opinions on the blockchain when delegating, like the recent poll to update the network to 1.1.
Delegate and thrive, fuck yeah.
P.S. Vote has a 0% fee, FOREVER, no fine print. Go wild.
Delegate and thrive, fuck yeah.
P.S. Vote has a 0% fee, FOREVER, no fine print. Go wild.
With the now commonplace seed phrase leaks, which rid members of the community of all their money, i'll share some tips on how you can protect your wallet.
You don't have to be an advanced user to understand this.
For the OS you should lean toward IOS.
The app you use should only be the official Minter wallet app.
As for the seed phrase, physically write it down somewhere safe or just memorize it.
Once again - ONLY enter the seed phrase in the app. Store it somewhere digitally and you might as well put the keys to your apartment under the rug and put a neon sign that says "money" on it.
This is mf crypto we're talking here, where laziness and carelessness are not tolerated.
You don't have to be an advanced user to understand this.
For the OS you should lean toward IOS.
The app you use should only be the official Minter wallet app.
As for the seed phrase, physically write it down somewhere safe or just memorize it.
Once again - ONLY enter the seed phrase in the app. Store it somewhere digitally and you might as well put the keys to your apartment under the rug and put a neon sign that says "money" on it.
This is mf crypto we're talking here, where laziness and carelessness are not tolerated.
What i'd do to combat the impending economical crisis is fully legalize cryptocurrency and make it so that any business can use crypto with no taxes whatsoever for 3-5 years with no cancellations.
Dedicated Push
MinterPush is a wonderful technology to send money all across the globe. It's effecient, simple and cheap.
The only thing i really want from it which hasn't been implemented yet is the ability to make a dedicated push, meaning the money can only be spent on a single service.
Or maybe on a couple services at once - use it up on a sale at a store and/or put the money in an official app where you can save up for the next purchase or send the push to a friend and get a reward if they spend the money.
#minterpush
MinterPush is a wonderful technology to send money all across the globe. It's effecient, simple and cheap.
The only thing i really want from it which hasn't been implemented yet is the ability to make a dedicated push, meaning the money can only be spent on a single service.
Or maybe on a couple services at once - use it up on a sale at a store and/or put the money in an official app where you can save up for the next purchase or send the push to a friend and get a reward if they spend the money.
#minterpush
Learned about something cool today - with dev.bip.plus from the BTC.Secure you can buy BIP through Apple Pay. Can't wait til they implement custom coins!
Cryptocurrency №13
ROUBLE
Now on Minter network
Emission - 1B ROUBLE
Max emission- 1B ROUBLE
CRR - 100%
Reserve - 10k BIP
While politicians and experts are discussing a crypto rouble, i just made one. In Minter it's just a matter of some clicks and 11k BIP. Coins like this, ones that can only be obtained from the maker have so much potential. When i get some ideas you bet your ass i'll be trying them in action.
Also the ticker is a sin not to take.
ROUBLE
Now on Minter network
Emission - 1B ROUBLE
Max emission- 1B ROUBLE
CRR - 100%
Reserve - 10k BIP
While politicians and experts are discussing a crypto rouble, i just made one. In Minter it's just a matter of some clicks and 11k BIP. Coins like this, ones that can only be obtained from the maker have so much potential. When i get some ideas you bet your ass i'll be trying them in action.
Also the ticker is a sin not to take.
While testing ROUBLE i decided to dedicate 5k coins to PR events. All of those coins will be provided by me. Now the holder can spend them like this:
- Extract them onto their phone balance (starting at 50 ROUBLE)
- Deposit them to a VISA/MC card (starting at 500 ROUBLE)
Today was the first test of it in action. Here's what happened:
- a record-breaking amount of signups
- 6 people registered using my ref link (thanks)
- the winner successfully deposited their winnings to their card.
- Extract them onto their phone balance (starting at 50 ROUBLE)
- Deposit them to a VISA/MC card (starting at 500 ROUBLE)
Today was the first test of it in action. Here's what happened:
- a record-breaking amount of signups
- 6 people registered using my ref link (thanks)
- the winner successfully deposited their winnings to their card.
I decided not to spend a lot of time thinking everything through, and in this early stage i'll be managing my stablecoin, ROUBLE manually.
I'm a start-upper after all.
I'm a start-upper after all.
News regarding the ROUBLE stablecoin.
From now on @biptophonebot accepts ROUBLE as payment for russian mobile services, 1 ROUBLE equals 1 russian rouble, makes sense.
Important - only payments of 50 ROUBLE or higher are accepted, if a transaction is below 50 it autorejects.
Shoutouts to Evgeniy from the BipToPhone team, who carefully listened to my suggestions and implemented a custom coin into their service in just a day. Now i'm not surprised so many developers are using his solution.
From now on @biptophonebot accepts ROUBLE as payment for russian mobile services, 1 ROUBLE equals 1 russian rouble, makes sense.
Important - only payments of 50 ROUBLE or higher are accepted, if a transaction is below 50 it autorejects.
Shoutouts to Evgeniy from the BipToPhone team, who carefully listened to my suggestions and implemented a custom coin into their service in just a day. Now i'm not surprised so many developers are using his solution.
ROUBLE stablecoin news
1000 more coins found an owner today.
Current balance:
Budget - 12 234,12₽
Output - 11 124,83 ROUBLE
More and more requests for my coin are coming in, so i had to quickly think how to properly organize this process. If you want to participate in this experiment with the stablecoin, you'll need AnyCashBot. I've been using it for a long time and i don't have any doubts about security. This bot supports fiat currencies, main cryptocurrencies, transfers using purely Telegram tags (this right here is the most important part), transfers of fiat currencies to credit card, mobile and electronic wallets. You can use BIP to fill up your wallet right away, just put it through 1001 or an exchanger of your choice and put your AnyCash wallet address for the currency you want there.
All users in possession of ROUBLE can trade it for real roubles and back at AnyCash, both have the exact same value.*
I have a feeling this is gonna be really interesting.
*You can trade Rouble - ROUBLE starting at 1000 ROUBLE, and back starting with 50 ROUBLE. ROUBLE is just a proof of concept, before using it you'll have to agree you understand all the potential risks.
1000 more coins found an owner today.
Current balance:
Budget - 12 234,12₽
Output - 11 124,83 ROUBLE
More and more requests for my coin are coming in, so i had to quickly think how to properly organize this process. If you want to participate in this experiment with the stablecoin, you'll need AnyCashBot. I've been using it for a long time and i don't have any doubts about security. This bot supports fiat currencies, main cryptocurrencies, transfers using purely Telegram tags (this right here is the most important part), transfers of fiat currencies to credit card, mobile and electronic wallets. You can use BIP to fill up your wallet right away, just put it through 1001 or an exchanger of your choice and put your AnyCash wallet address for the currency you want there.
All users in possession of ROUBLE can trade it for real roubles and back at AnyCash, both have the exact same value.*
I have a feeling this is gonna be really interesting.
*You can trade Rouble - ROUBLE starting at 1000 ROUBLE, and back starting with 50 ROUBLE. ROUBLE is just a proof of concept, before using it you'll have to agree you understand all the potential risks.
That's how i know when the amount of ROUBLE in @BipToPhoneBot is going down.
And someone's phone already received the promised roubles.
And someone's phone already received the promised roubles.
Forwarded from Deleted Account
Текущий курс:
1 BIP = 0.57 РУБ.
1 ROUBLE = 1 РУБ. (обеспечение 7 514)р.
Дневной лимит 1 000.00 BIP
1 BIP = 0.57 РУБ.
1 ROUBLE = 1 РУБ. (обеспечение 7 514)р.
Дневной лимит 1 000.00 BIP
About mass adoption.
I'm collaborating with the team responsible for yyy.cash. Thanks to their experience and cooperation i can now send ROUBLE pushes, which can be sent straight to your pokerroom account (any amount) and transferred to mobile (starting at 50 ROUBLE).
Right there, using just a push. A few clicks. To your phone or your poker account. A fixed amount that is not tied to the price of bip and doesn't fluctuate, 24/7.
I watched in awe as someone who doesn't understand the technology at all transferred ROUBLE straight to their phone.
yyy.cash is the official PR partner for the pokerroom.
I'm collaborating with the team responsible for yyy.cash. Thanks to their experience and cooperation i can now send ROUBLE pushes, which can be sent straight to your pokerroom account (any amount) and transferred to mobile (starting at 50 ROUBLE).
Right there, using just a push. A few clicks. To your phone or your poker account. A fixed amount that is not tied to the price of bip and doesn't fluctuate, 24/7.
I watched in awe as someone who doesn't understand the technology at all transferred ROUBLE straight to their phone.
yyy.cash is the official PR partner for the pokerroom.
A quick little news flash.
Starting now every POKER partner is paid in the ROUBLE* bonus token.
*which you'll be able to quickly extract to your Apple Pay card
Starting now every POKER partner is paid in the ROUBLE* bonus token.
*which you'll be able to quickly extract to your Apple Pay card
Ownership share tokens
Coins with a limited emission are continuing to take over Minter, and with the team creating a BTC ticker it's clear that it's here to stay. And because of that we should continue thinking about ways to use this wonderful feature. Today on the menu we have ownership share tokens. It works like this - you release 100 MYMEGAPROJECT coins for your project and announce that 1 MYMEGAPROJECT allows you to earn 1% of the project's profits and the right to vote on big decisions. Basically the digital equivalent of a shareholder society within a blockchain. Registry of shareholders, poll results, every process involving the stocks - in an environment with top tier security and a 99,9% uptime. Also any minority shareholder can look at all financial statements through an explorer and suggest themes for future shareholder meetings. Complete transparency all the way up to the code.
This theme is very exciting, so much so in fact that we should stop theorizing and get to practice. Let's make that society a reality and offer our own stocks for sale.
Coins with a limited emission are continuing to take over Minter, and with the team creating a BTC ticker it's clear that it's here to stay. And because of that we should continue thinking about ways to use this wonderful feature. Today on the menu we have ownership share tokens. It works like this - you release 100 MYMEGAPROJECT coins for your project and announce that 1 MYMEGAPROJECT allows you to earn 1% of the project's profits and the right to vote on big decisions. Basically the digital equivalent of a shareholder society within a blockchain. Registry of shareholders, poll results, every process involving the stocks - in an environment with top tier security and a 99,9% uptime. Also any minority shareholder can look at all financial statements through an explorer and suggest themes for future shareholder meetings. Complete transparency all the way up to the code.
This theme is very exciting, so much so in fact that we should stop theorizing and get to practice. Let's make that society a reality and offer our own stocks for sale.