In Bitcoin We Trust Launches into the Bitcoin Ecosystem ...
In Bitcoin We Trust Launches into the Bitcoin Ecosystem ...
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Identifiable Digital Currency - GreenCoinX (X-over from r/CryptoCurrency
Created to act as a supplement to bitcoin, not a replacement! Users must verify themselves via mobile & email. Identifiable information is then linked to their address
mobile number
email
ip
isp
city
country
additional information (user defined)
You cannot send or receive without identifying yourself Miners must identify themselves to mine Easier to send or receive
Users only need the recipient's email address, or telephone number
It is far easier to tell someone your email address, and/or they might already know your mobile address
You can still use the standard long code or QR codes
Capital controls are implemented (country to country)
Governments worried about capital controls will be able to turn this on/off
Not applicable internally within a country
User defined taxation
Government can set xx as tax percentage
User defines whether a transaction is to include tax or not
Tax is then automatically sent to government agency
In most cases, taxation with bitcoin currently exist at the point of conversion to fiat. But eventually governments will try to apply it directly to cryptocurrency. XGC exists for those that want to be tax friendly and as something governments can experiment with/use instead of bringing that 'tax' attention to bitcoin. Identification is currently stored server side, it will be migrated onto its own block chain, or XGC's block chain. Ping back (for identification purposes) is done via server, this will be migrated to multiple servers worldwide. Why use Identifiable Digital Currency?
You might want to know the identity of the senderecipient in cases of purchases/sales
You might want to donate large amounts to charities or political parties
If you are subject to theft/hacking, you might want to get information on the identity of the thief
You might want to pay your taxes on certain transactions
You might use identifiable digital currency, then trade back into bitcoin when done
You might want to use future features for company shares purposes
You also might want to use future features for the purposes of voting
Please note: XGC should be considered beta, as there are many features that we can and want to add, such as the taxation feature is only half the solution at the moment. If you are a developer you can contribute via the XGC GitHub page GreenCoinX (XGC) should not be considered a bitcoin replacement, but a supplement for when you want more identifiable features and ease of sending/receiving via email/mobile, or for eventual taxation purposes. Greenbank Capital is a corporate finance investment business focusing on investing in small cap publicly listed companies. GreenBank’s 100% subsidiary, GreenBank Financial has applied to the OSC for an exempt market dealer’s license. GreenBank’s 80% subsidiary GreenCoinX is a software company developing a unique cryptocurrency. GreenBank Capital:http://www.greenbankcapitalinc.com/ Canadian Securities Exchange:http://www.cnsx.ca/CNSX/Securities/Diversified-Industries/GreenBank-Capital-Inc.aspx (GBC) Download:https://greencoinx.com/greencoin/download GitHub:https://github.com/GreenCoin-Project/GreenCoin-Core You can currently trade XGC on IBWT (https://ibwt.co.uk/), or you can currently CPU mine. XGC uses the same algorithm as Bitcoin, it is our intention that early bitcoin miners will turn redundant bitcoin mining gear towards XGC. If you run an exchange or a trading platform you can integrate XGC as most other Cryptocurrencies though you will need to identify the hot wallet you use. The XGC team - https://greencoinx.com/ - Contact:[email protected] For business purposes:[email protected] (the majority of coins mined to date are being given out freely to businesses, agencies and other participants, not counting what random miners have mined)
Created to act as a supplement to bitcoin, not a replacement! Users must verify themselves via mobile & email. Identifiable information is then linked to their address
mobile number
email
ip
isp
city
country
additional information (user defined)
You cannot send or receive without identifying yourself Miners must identify themselves to mine Easier to send or receive
Users only need the recipient's email address, or telephone number
It is far easier to tell someone your email address, and/or they might already know your mobile address
You can still use the standard long code or QR codes
Capital controls are implemented (country to country)
Governments worried about capital controls will be able to turn this on/off
Not applicable internally within a country
User defined taxation
Government can set xx as tax percentage
User defines whether a transaction is to include tax or not
Tax is then automatically sent to government agency
In most cases, taxation with bitcoin currently exist at the point of conversion to fiat. But eventually governments will try to apply it directly to cryptocurrency. XGC exists for those that want to be tax friendly and as something governments can experiment with/use instead of bringing that 'tax' attention to bitcoin. Identification is currently stored server side, it will be migrated onto its own block chain, or XGC's block chain. Ping back (for identification purposes) is done via server, this will be migrated to multiple servers worldwide. Why use Identifiable Digital Currency?
You might want to know the identity of the senderecipient in cases of purchases/sales
You might want to donate large amounts to charities or political parties
If you are subject to theft/hacking, you might want to get information on the identity of the thief
You might want to pay your taxes on certain transactions
You might use identifiable digital currency, then trade back into bitcoin when done
You might want to use future features for company shares purposes
You also might want to use future features for the purposes of voting
Please note: XGC should be considered beta, as there are many features that we can and want to add, such as the taxation feature is only half the solution at the moment. If you are a developer you can contribute via the XGC GitHub page GreenCoinX (XGC) should not be considered a bitcoin replacement, but a supplement for when you want more identifiable features and ease of sending/receiving via email/mobile, or for eventual taxation purposes. Greenbank Capital is a corporate finance investment business focusing on investing in small cap publicly listed companies. GreenBank’s 100% subsidiary, GreenBank Financial has applied to the OSC for an exempt market dealer’s license. GreenBank’s 80% subsidiary GreenCoinX is a software company developing a unique cryptocurrency. GreenBank Capital:http://www.greenbankcapitalinc.com/ Canadian Securities Exchange:http://www.cnsx.ca/CNSX/Securities/Diversified-Industries/GreenBank-Capital-Inc.aspx (GBC) Download:https://greencoinx.com/greencoin/download GitHub:https://github.com/GreenCoin-Project/GreenCoin-Core You can currently trade XGC on IBWT (https://ibwt.co.uk/), or you can currently CPU mine. XGC uses the same algorithm as Bitcoin, it is our intention that early bitcoin miners will turn redundant bitcoin mining gear towards XGC. If you run an exchange or a trading platform you can integrate XGC as most other Cryptocurrencies though you will need to identify the hot wallet you use. The XGC team - https://greencoinx.com/ - Contact:[email protected] For business purposes:[email protected] (the majority of coins mined to date are being given out freely to businesses, agencies and other participants, not counting what random miners have mined)
In Bitcoin We Trust (IBWT ) will initially be working exclusively with Bitcoin, but the platform is already thinking about expanding to include Litecoin and other digital currencies in a near future. This exchange will accept British pounds, but wants to start accepting euros, as well. US dollars are also part of the plan, but the company will ... Today, In Bitcoin We Trust, a virtual currency exchange, launched. In Bitcoin We Trust (IBWT) will initially be working with Bitcoin, potentially expanding to encompass Litecoin and other viable digital currencies as time goes on.This UK based exchange will accept GBP to date and plans on expanding to accept euros. In Bitcoin We Trust has just launched and allows for easy purchase of Bitcoin for people in the UK using GBP/BTC as it’s main focus. It also allows for USD and EUR exchange. IBWT employs two factor authentication (2FA) and time-based one-time password algorithm (TOTP), for login, withdrawals, deposits and settings. Coinpunk is a project to build an open source, self-hosted DIY bitcoin wallet service you can run on your own server. IBWT. Professional Services, Wallet. IBWT is a UK Bitcoin/Virtual Currency exchange, offering a fully regulated, secure method, for individuals and businesses to buy or sell bitcoins. UK residents only.0.8% fee per transaction. IBWT GB 5/14 2/15 no no ... First, currently Bitcoin mining is mainly fueled by the high block reward and only very low. transaction fees are collected. As the block rewards decrease over time ...
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