Your Omni Dimensional Altcoin (YODA) announces its intention to launch its new cryptocurrency project on 1 August at 12:20 UTC. It will be the first ICO to fully launch on Steemit only, with white paper and all communication through this medium.
The coin will be set up to be the first to target the use of money outside of Earth. It will initially be set up to capitalise on property rights on the moon, with the aim to spread beyond as man moves on to Mars and the rest of the universe. To do this YODA coin will need to harness quantum computing to offer a near limitless block size. This will involve the use of quantum entanglement to have instant payment across the galaxy. We were going to call this 'the entanglement' but this is too much like Iota's tangle so we've decided to call it 'The Spin'. When it is eventually invented the spin will allow instantaneous transactions using quantum entanglement and a bar code.
There will be 7.4 billion YODA in total, one for every person on earth. As a baby is born a new coin will come into existence (called birth mining) and each death will retire one coin (an exit). A true up will occur every year based on oecd population estimates. Each YODA will be made up of 1 million jurisdictional exclusive digital instants (JEDIs) to make small transactions easier. As new alien civilisations are discovered more coins will be released to match their population.
The new coin will be issued in the same proportion of wealth as the current monetary system on the planet. Currently 90% of coins will be held by the developers with the remaining 10% shared among the remaining population. This ratio will, of course change as new civilisations are encountered.
The technology of YODA does not yet exist so we intend to use a lisk side chain for now. But make no mistake, we intend to be the Elon Musk of cryptocurrency one day. The current project is to support quantum computing and keep monetary policy at the forefront of its development, more important than other uses in medicine or helping the human race in other ways.
We will not offer the ICO to investors in the USA as the SEC has ruled it could be a security. Sorry but you won't be able to take part in this universal expansion of money (but you've got your own through your own fiat currency of course).
All press questions and requests for interview should be sent in reply to this post on Steemit. Donations to get us started gladly accepted:
Bitcoin: 1JBtN3ENnxBYScfHyM5USTzjsnNz5hpyso
Dogecoin: AAGDLg6QMpeUyVoHxo424weo4PxMzPdv4G
Litecoin: 392QVkzTeSbXSnrZjHdoqLiCp7Ucovzpj2
Steem: just up vote this post!