Personally, I find these to be a waste of time as people don’t actually care to read these. However, since I know more about money and investing than most people do in the world, it probably would help to write one of these things. This “white paper” will attempt to do that, if we could even call it that.
TLDR for those who want the quick:
- Altcoins that are not bitcoin is primarily used to be mined to be converted into bitcoin due to difficulty and cost barriers. This was the ORIGINAL reason for litecoin, dogecoin, and all altcoins that followed and WILL follow.
- JMC Coin is no different and doesn’t want to be.
- Currency needs to be stable, rules wise. As long as every holder and user of JMC coin and any crypto knows what the crypto’s specs, it should remain stable, only to change in price based on normal market volatility. Sprouts classic was victim to instability because the Japanese dev team that hijacked the coin and ruined the interest destroyed the coin’s value and community. We will not allow this to happen to our coins.
- JMC coin and other coins will be used as payment currency for products later on like video games and other services when I create them.
Money is suppose to be boring and stable. That’s why the best way to make money is to keep doing the same thing over and over again and accumulate it. Then earn interest for it and eventually you live off the interest. A person needs to be patient and build their stake. I started with very little and now I make tons. It took a lot of combining of blocks and waiting 7 months.
At any rate, I want this kept short. People think so many things are important when they are not. JMC coin and other cryptos will be lead by someone who knows money, business, investing, and marketing inside and out, and that’s me. We will not allow idiots like the Dev Team for the “new” sprouts to screw us all over. Never again.