Regarding Midwest Cryptocurrency Market

Discussion in 'Economy & Market' started by Justanormal7, Nov 29, 2024.

  1. Justanormal7

    Justanormal7 President
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    The market is based off of supply and demand. When someone buys a unit of a coin, they make the coin go up the percent of which how many coins are in circulation. If player A buys 1 bitcoin and there are 1000 bitcoin, the coin goes up 0.001% or 1 divided by how many coins are in circulation.

    The point of these coins is for people to invest and grow their money, all while providing a tax free, dividable asset. Sure, you can use items instead but the point is you can grow your money through these.

    3 million bitcoins are available for circulation but people can either purchase miners which are certificates that bring them a certain amount of coin that is unchanged every day, and will be more worth as the coins grow.

    I will have a moderator hired to review these and make sure there are no scams that can possibly happen.
     
    #1 Justanormal7, Nov 29, 2024
    Last edited: Nov 29, 2024
  2. AusRoona

    AusRoona EcoMaster
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    sooo many questions.
    How do you authenticate each of the 3,000,000 coins?
    Do you need to maintain all records yourself or do you provide some sort of exchangable token?
    If you have a physical item as a coin placeholder, how do you prevent duplication and market tainting?
    If you maintain yourself, how doesz one use said crypto without you online?
    How do you intend on maintaining a full buyout account? (If I buy all 3m before taxes and want to sell after taxes hit, how do you manage that)?
    If coins are sold back, does that mean value drops by 0.001% too?
    How does this positively effect my bal position if/when you are unable to liquify my coins into tangible currency?
    can you explain in more detail what these 'certificates' are and how you intend them to work? do they generate coins beyond the 3m? are they a constant coin total? are they exchangeable?

    A cryptocurrency launch would need more than 3 paragraphs. more detail instead of a simple idea please