Prohashing Mining Pool Forums

I'm Speed Demon and I'm the Administrator of Project β.

Origin
(Russian version): https://bitcointalk.org/index.php?topic=5122931.new#new
(English version): https://bitcointalk.org/index.php?topic=5123669.0

Purpose of Project β: Generate capital. Make money for the investors. Set up financial flows between people. Ensure the decentralized distribution of activities.

Project β is raising capital to set up a Fund to generate revenue on a cash and non-cash basis aimed at blockchain and cryptocurrency development. Raised capital is to be exclusively used to implement the idea and achieve the purpose.

Total investment amount: 8,200,000 (eight million two hundred thousand) dollars.
Minimum investment amount to achieve stated goals: 1,968,000 (one million nine hundred and sixty-eight thousand) dollars.

Sale of cryptocurrency on [Pre-Sale] is now open. Send your investment from a BTC address that has a signature function so that when charging a cryptocurrency, you can confirm that this BTC address belongs to you.

[Pre-Sale] BTC address for investment: 36ASkaeuDyppyjnCidxVJAXdGikB54Wbng
The price of the future cryptocurrency for [Pre-Sale] investment is 0.04 dollar (4 cent).

Start date of investment: March 21, 2019.
End date of investment: April 6, 2019.

Investment shall be transferred to the [Pre-Sale] BTC-address and recorded in the “[Pre-Sale] Ledger”. Once the investment amount reaches 1,968,000 (one million nine hundred and sixty-eight thousand) dollars, an electronic “[Pre-Sale] Ledger” shall be created. The Ledger shall include the sender's BTC-address, amount, date, hash and time of transaction, as well as the price and amount of the future cryptocurrency for the investor.
Investment money is to be spent only when the total amount reaches the minimum of 1,968,000 (one million nine hundred and sixty-eight thousand) dollars. If the investment amount does not reach the minimum of 1,968,000 (one million nine hundred and sixty-eight thousand) dollars within a designated period, all investment shall be returned to BTC-addresses of the investors in full less the fee for the refund transaction. Once the investment amount reaches 1,968,000 (one million nine hundred and sixty-eight thousand) dollars, the “[Pre-Sale] Ledger” becomes active. Its records are to be used to issue the future cryptocurrency to each investor.

The Foundation is set up to achieve financial, social, charity-related, cultural, educational, political, scientific and management goals in the areas of public healthcare, physical fitness, and sports promotion, filling spiritual and other material and non-material needs, protection of rights and legitimate interests of persons and corporations, settlement of disputes and conflicts and legal aid, as well as other goals aimed at implementing ideas and achieving goals. The Foundation may conduct business only if the latter serves to achieve its goals. Any activity by the Foundation may not constitute violation of any kind (violation of laws, rights, freedoms, etc.). Activity aimed at achieving the Foundation's goals may not serve personal goals of Project β's Administrator. The Foundation aims to implement ideas and achieve goals of people via their interaction with the Foundation. It is to be aided by the Foundation, the blockchain and the cryptocurrency through decentralization of activities.

The blockchain is to serve as infrastructure for decentralized Foundation activities and cryptocurrency circulation.

The cryptocurrency is backed by labor and Foundation activities. The cryptocurrency is to cover financial needs of cryptocurrency holders and circulators.

Initial Road Map:
April 7, 2019.
-- Raise investment amounting to at least 1,968,000 (one million nine hundred and sixty-eight thousand) dollars.

April 2019.
-- Launch the “[Pre-Sale] Ledger” as a confirmation of investment received to cover expenses
-- Announce job openings for the team of blockchain and cryptocurrency developers

April–May 2019
-- Design Project β website, register groups on the social media and communication channels
-- Form the team of blockchain and cryptocurrency developers

May–July 2019
-- Come up with the name of the Foundation's cryptocurrency
-- Publish the Road Map for the blockchain and the cryptocurrency
-- Publish the Road Map for the Foundation
-- Select a jurisdiction to register the Foundation
---- Select the name of the Foundation;
---- Have the name of the Foundation approved;
---- Prepare the Articles of Association of the Foundation;
---- Design the Emblem (logo);
---- Have the Emblem (logo) approved;
---- Have the Articles of Association of the Foundation approved;
---- Register the Foundation;
---- Design the seal;
---- Have the seal approved;
-- Launch activities of the Foundation

August–September 2019
-- Launch business and other activities of the Foundation, as per the Articles of Association

October 2019
-- Hold pre-ICO

March 2020
-- Hold ICO

The team of developers shall do the following:
-- Develop the blockchain
-- Create the cryptocurrency
-- Develop a program to allow the Foundation's currency to take over altcoins.

Cryptocurrency features and price:
-- The cryptocurrency is backed by labor (coins to be forged via work, services, tasks, charity, etc.)
-- Cryptocurrency price at 0.25 dollar (25 cents) for [pre-ICO]
-- Cryptocurrency price at 0.75 dollar (75 cents) for [ICO]
-- Cryptocurrency price at 1 US dollar at the start of sale
-- The total number of coins to equal the US total government debt. The US government debt is growing — so will the number of coins.
-- In [Pre-Sale], [Pre-ICO] and [ICO] one can buy an unlimited number of coins. All coins that have not been paid for will be generated via mining. Coins bought in [Pre-Sale], [Pre-ICO] and [ICO] can be sold on cryptocurrency exchange platforms and exchangers, used to pay the Foundation for the work done, services rendered or goods delivered.

Activities of the Foundation may include:
- Uniting inventors, engineers, doctors, humanities scholars, specialists, astronomers, physicists, mathematicians and others
- Creating jobs for the unemployed
- Creating new products on the consumer market (food, industrial goods, etc.)
- Setting up businesses for work-related and residential needs of employees and the community
- Setting up businesses need in a specific region
- Creating food, medicine, clothes, etc.
- Conducting research
- No ideology. Ideology will originate from the people allowing each of them to create (do what they love)
- Setting up new theaters, cinemas, music halls, and using the existing ones
- Helping an enterprise solve its predicament
- Buying out enterprises and corporations
- Creating educational programs
- Granting protection and guardianship
- Conducting banking and cash-related activities and other activities.
- etc.

In its activities, the Foundation shall not make use of products and tools to harm humanity. The Foundation shall occupy niches in business, charity-related, education, cultural and other activities, as per the Articles of Association, that are unavailable, but needed in the areas where people live. The Foundation shall set up companies within areas where unemployed managers, professionals, specialists, etc. are available. The Foundation shall create activities based on the available free labor resources (for instance, if the Employment Office has accounting specialists available, the Foundation shall set up a company for them. If engineers are available, the Foundation shall set up an engineering company). The Foundation shall satisfy the needs of the poor population; re-design the market of second-hand goods; make operation, repair, etc. of second-hand goods work (cars, buildings, equipment, etc.). The Foundation shall create an infrastructure to make people comfortable in any area of the Foundation's presence or based on requests from areas of residence or location.

Looking for people to take up jobs within the Foundation and its activities through the Employment Office, forums and other means. The Foundation shall set up offices in each country and region, and in each settlement.

Activities of the Foundation shall meet the international standards regarding management, safety, standardization and certification, GOST, etc. which satisfies the highest quality demands.

Business activities shall include online and offline businesses: - Purchase, manufacturing, sales and lease, provision of services and other types of activities allowed as per the Foundation's Articles of Association and the legislation of the country wherein the Foundation carries out its activities.

Money shall be closed in within the Foundation since it's going to take up all niches. Funds shall also be raised on a continuous basis since the Foundation shall sell goods and provide services to the businesses that are not part of the Foundation. The Foundation shall also raise funds from the governments to support its pro bono activities, such as grants, subsidies and others. The Foundation shall take part in all grant contests and other events financed by the government. The Foundation shall cooperate with any and all educational institutions, businesses, state-owned institutions — as long as it helps the Foundation achieve its goals.

This document shall not represent a detailed description of the project β to prevent the idea from being compromised and claimed by someone as their own. A full description of the Project's idea shall be provided to the team of developers on the project.

“What cannot you buy for money? − Something you cannot sell. Have you got something like that?”
“How do I earn a million? − If you're asking about that, there's no point in answering.”

You can ask all your questions and share suggestions in the form of comments underneath this post, and you can send them to me at: creatorL@protonmail.com
Sincerely yours, Speed Demon.

creatorL wrote:The team of developers shall do the following:
-- Develop the blockchain
-- Create the cryptocurrency
-- Develop a program to allow the Foundation's currency to take over altcoins.

So you are raising monies for a coin you do not yet have and has not yet been created?
Isn't that VAPORWARE? Selling on a promise of something that doesn't exist?

Usually when coins are seeking investors they already have a white-paper written and a coin designed and why its better than the 3 lower coins already established, what separates it from the rest that are already out in the wild and being used.

Where is your organization registered at? Where will your dev team be working out of? Where are the head offices/place of origin?
Email at proton mail? Do you own a domain for your up and coming business? People should invest in your business, but have you invested even enough to buy a domain or host a website with your information on it? Or due to having lack of information on a service/coin not yet invented is that also a waste of time/money?

There might be interest, if there were a few more guarantee or more investment shown on the creation side.
For right now it looks like a hand out asking for donations since there is currently nothing that is being sold but a promise that maybe something comes from it maybe. Might I suggest a crowdfunding service, like FIG or KICKSTARTER, where investors can promise money and you have to show a legit product before you get their cash, so that if-when it never happens they all get their money back.

CSZiggy wrote:

creatorL wrote:The team of developers shall do the following:
-- Develop the blockchain
-- Create the cryptocurrency
-- Develop a program to allow the Foundation's currency to take over altcoins.

So you are raising monies for a coin you do not yet have and has not yet been created?
Isn't that VAPORWARE? Selling on a promise of something that doesn't exist?

Usually when coins are seeking investors they already have a white-paper written and a coin designed and why its better than the 3 lower coins already established, what separates it from the rest that are already out in the wild and being used.

Where is your organization registered at? Where will your dev team be working out of? Where are the head offices/place of origin?
Email at proton mail? Do you own a domain for your up and coming business? People should invest in your business, but have you invested even enough to buy a domain or host a website with your information on it? Or due to having lack of information on a service/coin not yet invented is that also a waste of time/money?

There might be interest, if there were a few more guarantee or more investment shown on the creation side.
For right now it looks like a hand out asking for donations since there is currently nothing that is being sold but a promise that maybe something comes from it maybe. Might I suggest a crowdfunding service, like FIG or KICKSTARTER, where investors can promise money and you have to show a legit product before you get their cash, so that if-when it never happens they all get their money back.

I intentionally did not create the site. I created an idea that, given enough understanding, would create a budget for the development team. Now there is nothing, just an idea.

Question: At what price Bitcoin will my investment be fixed to calculate the amount of cryptocurrency of the project?
Answer: The price of a cryptocurrency will be fixed at the highest Bitcoin price during the [Pre-Sale] period of Bitstamp. For example, you made an investment at a Bitcoin price of $ 4,000, but for the [Pre-Sale] period the highest price of Bitcoin was $ 4,300, respectively, the calculation will be made at the highest price.

creatorL wrote:I intentionally did not create the site. I created an idea that, given enough understanding, would create a budget for the development team. Now there is nothing, just an idea.

OK, I have an idea also. Who wants to send me some BTC. If I get enough($1 million-I can work it even cheaper) I too promise to hire a dev team to make some product I haven't decided on yet. If I don't get my $1 million...maybe I'll just keep the coins and disappear.

Doesn't really sound like a good business plan to invest in does it?

CSZiggy wrote:
OK, I have an idea also. Who wants to send me some BTC. If I get enough($1 million-I can work it even cheaper) I too promise to hire a dev team to make some product I haven't decided on yet. If I don't get my $1 million...maybe I'll just keep the coins and disappear.

Doesn't really sound like a good business plan to invest in does it?

I'm not going to disappear, that's a fact. There are always exceptions in this world. I know that people are tempted by money and power.

I too will not be disappearing, I promise, promise, promise. I've been here on the forums for 2 years now.(I get $1 million and Im soo gone!)
But my idea only requires $1 million, so I only need half as much investor fundage to launch my idea.


Please send me anonymous donations, with no way to track, no way to request a refund.
I too am not registered anyplace, if I was maybe caymen islands, never a US address that could be traced or have legal action brought to bear against me for you know...fraud.

Good luck with that.
Again, you have a good idea, document it, post it up on kickstarter, if its valid enough I'm sure people will donate.
When you don't hit that $2 million mark they all get refunded.
Your way is just asking for a donation or a handout. I like donations too. Feel free to send me free money also.

VAPORWARE SCAM.

CSZiggy wrote:Good luck with that.
Again, you have a good idea, document it, post it up on kickstarter, if its valid enough I'm sure people will donate.
When you don't hit that $2 million mark they all get refunded.
Your way is just asking for a donation or a handout. I like donations too. Feel free to send me free money also.

I deliberately made the choice of attracting investment through the forum. After April 7, provided that the minimum amount of investment is not received, I will follow your example, register the idea at kickstarter.
I agree with you that it is impossible to trust anyone, especially “anonymously”.

Question: Does the project have any ideology?
Answer: The project does not carry any ideology, but creates an infrastructure where a person, by choice, can realize himself. The Foundation will create various kinds of buildings (workshops) with the necessary tools. Coming to these workshops, a person will realize himself, manifesting his work and creativity. Ideology, if so desired, a person will create by himself, but he is unlikely to have this need.
It will not be a parody of anything else, but will create for everyone the freedom to choose in doing things that a person likes.

Everybody lies, but it changes nothing, because nobody listens to anyone.

creatorL wrote:Sale of cryptocurrency on [Pre-Sale] is now open.

I deliberately made the choice of attracting investment through the forum. After April 7, provided that the minimum amount of investment is not received, I will follow your example, register the idea at kickstarter.

I'm at a loss how you can be having a PRE-SALE of cryptocurrency...when you don't have a currency in place to be selling.

How about after April 6, when you don't get the minimum amount you refund all the funds that had been pledged like you promised you would if the goal had not been reached? Or was the plan always to keep those? Still smells like VAPORWARE. You are asking for free money, with nothing to show for it except a dream. I HAVE A DREAM! I want free money also. If I get enough I may share my dream, or it may never come to fruition. Send me more money to find out more...maybe.