DISTRIBUTION IS THE MOST IMPORTANT PART OF A CURRENCY.
90-99.9% of all the Bitcoin is owned by 1% of all the users.
90-99.9% of all the money in the world is owned by 1% of all the users.
Bitcoin is an improvement to the monetary system in efficiency and is not limited by borders.
The main issue of the previous fiat currencies is more abundant in Bitcoin which is the concentration of the elites wealth due to a flawed distribution model.
While the technology side of the current cryptocurrency projects may be sufficient for the time being, the actual distribution of Bitcoin and the alternative coins (“Altcoins”) is problematic.
Just as with the fiat based monetary system, the elite own and control 90+% of Bitcoin and Altcoins.
Altcoins are price dependent on Bitcoin, which means if you control Bitcoin, you in turn control for the most part, the Altcoin markets in terms of price manipulation and price suppression.
Its time to focus on distribution as a method to expose and prevent against manipulation of the markets in general and specifically prices.
Bitcoin Black aims to be the currency of the people, for the people, by the people.
Distribution will be done on a mass scale base from the beginning, this limits manipulation by the elite and no member of any currency should hold more than 1% of the entire circulating supply at any one point (manipulation counteraction fund will eliminate the possibility of early bag holders manipulation and contribute to true decentralization which is yet to be seen.
Initial Foundation 2.5% 900 Million (To be depleted to 0)
Development fund 2.5% 900 Million (To be depleted to 0)
Pre-sale 2.5% 900 Million coins (100+ investing members who will be an addition to the founding team helping to move the project forward. Collaborating though slack)
Bounties 2.5% 900 million coins for bounties decided by pre-sale members and the Bitcoin Black community. Such as: translations of website, whitepaper, rewards dashboard and APPS.
Airdrop 10% 3.6 Billion coins to be airdropped (1 million accounts 3600 coins per account)
Rewards bounty 20% 7.2 Billion coins divided between Airdrop rewards (110 members). IEO rewards (110 members).
IEO 20% 7.2 Billion coins Funds from IEO to be allocated to multiple community foundations who will help the community move the project further into the future.
Allocated to specialist departments.
Manipulation counteraction fund (approx 5%). Part used for stability control fund to remove the possibility of early low volume manipulation, and maintain stability in the currency.
App introduction rewards 40% 14.4 Billion. Introduction of 30 million members with the rate of new users growing compounded.
A method to get Bitcoin Black to every school yard/ university/ workplace and community.
By creating a fair mass scale distribution, manipulation proof will lead to a stable currency which will eventually be a currency which will be truly usable and intended to:
Pay for food.
Eventually cutting fiat out of the loop.
Transitioning to the new monetary system which has less flaws than current crypto-currencies and the fiat money system.
Understanding the importance of making the currency usable and being used on a worldwide marketplace which will follow with the ability to trade coins for physical silver shipped worldwide. (online marketplace to buy/sell/trade locally).
Highest referring 110 members (by introduction) to the airdrop become a founding member and take a share of 10% of ecosystem.
Highest referring 110 members (by introduction) to the IEO become a founding member and take a share of 10% of ecosystem.
1% of the Bitcoin community own more than 90% of all the bitcoin.
With 1% of the community owning 90+% of all the bitcoin manipulation is certain.
As everything is based on Bitcoins price as it is the main trading pair, most other crypto currencies have the same issue as bitcoin.
A fair distribution is what Crypto is lacking.
And this is what we aim to solve & contribute to solving.
Our aim is for fair distribution to take place so there no monopoly of the money like the current fiat systems of the world.
Not another ERC20 token, Bitcoin Black will be a stand alone coin based on block lattice built upon a code base fork of NANO.
Important things needed:
Distribution needs to be done over time.
Coins need to be held for some time so that initial community members are not able to sell.
The intention should be community growth, not a fiat related short-term gain.
The community needs to reach 1 million members prior to opening the coin to high volume exchanges.
Many cryptocurrencies slowly become less distributed through manipulation and become controlled over time.
The proof is evident with how the fiat systems evolve and become concentrated to a small percentage of the holders or participants in the fiat community.
The creating founders that drive the project forward need to own less than 5% of total supply combined to ensure that the distribution is fair and the goal of the project (for fair distribution) is achieved.
All fiat is owned and used as a tool of control.
Crypto is the perfect vehicle to solve this issue.
However it is of belief a small amount of money from the top of the previous doomed fiat system has flowed into crypto and manipulated all.
In May 2017 market cap was approx 36 billion.
December 21st 2017 market cap was approx 628 billion while the masses were encouraged to enter crypto for the promise of being rich.
The rise in 7 months was unnatural and the small hand which was responsible in driving the price up.
January 9th it hit over 800 billion only to crash down to 260 billion on march 31st, during this period, elite accumulated more through trading.
At these volumes it isn’t speculators money, it is a systematized method to drive the masses away from crypto currency and for the elite to acquire a larger percentage of the market for another round of accumulation giving they a bigger playing hand.
Even if it is a loss to them to gain more of a market percentage they are playing with trillions of dollars and have more to lose than finances.
Only 0.003 % of the world (250,000) are estimated to own at least 1 bitcoin.
All fiat is owned and used as a form of control.
Cryptocurrencies are the perfect vehicle to solve the issue of control; however, it is believed that at least a small amount of money from the elite of the previous (now) doomed fiat systems have made their way into cryptocurriences and have started manipulation of the system.
In May of 2017 the market capitalization was approximately 36 billion.
On December 21, 2017 the market capitalization was approximately 628 billion.
The masses were encouraged to enter cryptocurriences by the promise of becoming rich.
The rise in 7 months was unnatural and it was a small segment of the overall market participants who were responsible in driving the prices up.
On January 9, 2018, the market capitalization surpassed 800 billion, only to tumble down to a market capitalization of 260 billion on March 31, 2018.
During this period of time, the elite accumulated more cryptocurriences through trading.
At those noted volumes it isn’t speculator money that was involved, but rather a systematized method to drive the masses out of cryptocurrency to allow for the elite to acquire a larger percentage of the market shares (for another round of accumulation) giving them a larger share of the market for further manipulation.
Even if those market participants suffered a loss through accumulation at higher prices and the corresponding price drop in the market, it was a win in the sense that they were able to control a greater percentage of the market.
Distribute widely at the outset, with no member of the community to own more than 0.5% of the total supply and incorporate a spend and replace system, making it difficult for manipulation to enter.
Initial Foundation : 2.5%
Development fund : 2.5%
Pre Sale : 2.5%
Bounties : 2.5%
Airdrop : 10%
Rewards : 20%
IEO : 20%
App Introduction Refferals : 40%