0x861328fe…02cfsent to🔥 0x00…00·#7,990,048·view on Etherscan
A specter is haunting the modern world, the specter of decentralisation.
It is June 30th, 2019, on the brink of a full scale trade war between the two largest political economies of mankind. We are in more need than ever to empower individuals with the ability to conduct commerce with each other in a totally decentralised manner. Institutional corporates hold more power than ever with the advances in big data and artificial intelligence. The political elite class around the world, have the power to arbitrarily impose tariffs and market restrictions at entities they don’t like.
Satoshi Nakamoto introduced the first functional decentralised currency network in 2008. There has been a proliferation of crypto projects since, but we’ve still not seen mass adoption. This is the foremost concern the whole industry must address. We see three road blocks to mass adoption,
1) Difficult to use. This include low transaction throughput without sacrificing decentralisation.
2) Fairness. Vast majority of crypto projects would pre-mine at least 50% of the tokens, this is prohibitively unfair to incoming participants.
3) Price volatility. There lack a general economic framework to govern price dynamics in a sensible manner.
We are pleased to announce that a new project called Class ZZ (or CZZ) will fix issues 1) and 2). Specifically, 1) can be fixed by the “capsule consensus protocol” that leverages on 5G-mobile network and edge computing. 2) can be fixed because there will be ZERO pre-mined tokens with CZZ. The initial mining difficulty will also be set quite high, so nobody with advanced knowledge of this project can cheaply acquire the initial batch of CZZ tokens. We also provide a path forward to mitigate issue 3) through a mechanism called resonance trading.
Please visit http://teyqgzkbgyltkddz.onion/ for white paper, open source project and mining program. The genesis block will be uploaded at 11:59pm on June 30th 2019 New Zealand time (GMT+1200) for everyone to download and start mining.
And just as a seemingly minor invention like barbed wire made possible the fencing-off of vast ranches and farms, thus altering forever the concepts of land and property rights, so too will the seemingly minor discovery out of an arcane branch of mathematics come to be the wire clippers which dismantle the barbed wire imposed by centralised institutions.
Arise, you have nothing to lose but your barbed wire fences!