Bitgold

block_time - 300
reward_modifier - ('h', 6, 'y')
website - http://www.bitgoldcurrency.com/
block_reward - 0.5
premine - 0
protectionscheme - pos
name - Bitgold
protocol - bitcoin
expiration - extant
doacc - 4ada13d0-6a38-4596-9f35-81f5c464c108
total_coins - 501000
thread - 524648.0
symbol - GOLD
incept - 2014-03
powscheme - scrypt
date_founded - 2014-03-21
description - BitGold is a long term currency made with everybody in mind. The aim for it is to let everybody win. Many coins these days have premined massive amounts which the devs stash away so usually they can sell them later on the open market to make money, the problem with this is that it crashes the coins price and leaves investors holding the bag. A prime example of this is EarthCoin. When the coin launched it had a very high price. The coin was trading in the high hundreds of satoshi’s. The coin was then thought to have later been slowly dumped on by the developer who help a big premine, now the price is around 20 satoshi’s… How are investors going to recoup their money when they may already be down x10? The idea behind BitGold is that this coin still needs money to constantly be bringing out new things for this coin. To achieve this without having an unnecessary premine we decided to go with an IPO. Having an IPO means everyone gets the chance to buy into BitGold without worrying about these things going wrong. Because of the high number of IPO scams recently we have decided to go with a trusted escrow site. Algorithm: Scrypt, Minting: PoW/PoS hybrid, Max bars: Only 501,000, Block Time: 300 (To minimize PoS and PoW orphans as well as being faster than BTC), Initial Block Reward: 0.5 bars per block, Block halving: after 6 years of minting blocks, PoS stake: Year 1 is %10 Year Year 2 is %7.5 Year 3 is %5 Year 4 is %3 Year 5+ is %1, PoS age: 30 days
DDG-CCT search on cryptocointalk
DDG-BCT search on bitcointalk

[a rdfg:Graph;rdflib:storage [a rdflib:Store;rdfs:label 'IOMemory']].

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<http://purl.org/net/bel-epa/doacc#4ada13d0-6a38-4596-9f35-81f5c464c108> a doacc:Cryptocurrency ;
    dc:description "BitGold is a long term currency made with everybody in mind. The aim for it is to let everybody win. Many coins these days have premined massive amounts which the devs stash away so usually they can sell them later on the open market to make money, the problem with this is that it crashes the coins price and leaves investors holding the bag.  A prime example of this is EarthCoin. When the coin launched it had a very high price. The coin was trading in the high hundreds of satoshi’s. The coin was then thought to have later been slowly dumped on by the developer who help a big premine, now the price is around 20 satoshi’s… How are investors going to recoup their money when they may already be down x10? The idea behind BitGold is that this coin still needs money to constantly be bringing out new things for this coin. To achieve this without having an unnecessary premine we decided to go with an IPO. Having an IPO means everyone gets the chance to buy into BitGold without worrying about these things going wrong. Because of the high number of IPO scams recently we have decided to go with a trusted escrow site. Algorithm: Scrypt, Minting: PoW/PoS hybrid, Max bars: Only 501,000, Block Time: 300 (To minimize PoS and PoW orphans as well as being faster than BTC), Initial Block Reward: 0.5 bars per block, Block halving: after 6 years of minting blocks, PoS stake: Year 1 is %10 Year  Year 2 is %7.5 Year 3 is %5 Year 4 is %3 Year 5+ is %1, PoS age: 30 days"@en ;
    doacc:block-reward "0.5"^^xsd:string ;
    doacc:block-time 300 ;
    doacc:date-founded "2014-03-21"^^xsd:date ;
    doacc:image "bitgold_gold.png"^^xsd:string ;
    doacc:incept "2014-03"^^xsd:string ;
    doacc:pow doacc:D338257f8-402f-4c76-969b-6fc041d52e40 ;
    doacc:premine "0"^^xsd:string ;
    doacc:protection-scheme doacc:D9758d7c9-6b22-4039-a325-285d680c22fe ;
    doacc:protocol doacc:Db8ade99f-11f1-476b-ae77-03c005c1bb66 ;
    doacc:reward-modifier "('h', 6, 'y')"^^xsd:string ;
    doacc:symbol "GOLD"@en ;
    doacc:total-coins "501000"^^xsd:string ;
    doacc:website <http://www.bitgoldcurrency.com/> ;
    skos:prefLabel "Bitgold"@en .