Introducing ChrisCoin

It is no secret that I consider crypto currencies to be ponzi schemes. The fact that wall street is now setting up a BitCoin commodities markets tells me this is going to be the biggest ripoff scam of the decade. I have come to the conclusion that this is a if you can;t beat’em, join’em situation. So I am introducing ChrisCoin, a new crypto currency that will be available as soon as I get off my lazy ass and code it.

The first thing I want to implement is getting rid of this requirement to “Mine” coins, this is bullshit, it wastes electricity and serves no real purpose other than to make people believe they are actually doing something when they are in fact not. The reality is “Mining” is simply a lottery, the more tickets you buy the more likely you are to win, except in BitCoin, the more processing power you have the more likely you are to win. I am going to remove that shit from my version and I am going to make it what it is, a game of chance. Every night at midnight my server is going to draw 10 numbers ranging from 0-99, every individual client will be able to generate 1 set of 10 numbers and check in to the server for a match once per day, the limit will be designated by IP address. Anyone can play more than once, but they will have to change IP address. Any client that generates the same 10 numbers will have 1 ChrisCoin deposited in their wallet. This will continue until 20 million ChrisCoins have been distributed. Of course the first million ChrisCoin will be deposited straight into my own wallet during the testing phase, so only 19 million will actually go out to other people.

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