[PookTwo]

Hello, this is Robert with FoldingCoin :) I love that this discussion is here and I am replying to these comments right now.

There is no way of decentralizing with the Counterparty platform. I encourage everyone to read all of the great features that you get by being on Counterparty in the same link provided by @mrb. We feel also including the downsides is crucial to have a better understanding of what we are trying to accomplish.

Though we have measures in place to deal with the centralization issue we currently have:

1. We are incorporated as a Non profit in Indiana and we report to the government. We are 100% transparent about everything that we do. If we are to have malicious intentions, then we would be held accountable against the government.

2. We are setting up a board of directors to control the undistributed FLDC that we currently hold. This probably will not become a reality until the end of the year, but we are working on it. The first step was to become an official non profit found here https://secure.in.gov/sos/online_corps/name_search_results.a...

[runeks]

Why are you creating a digital currency and distributing this to Folding@Home participants? What's the point of this? Why would I want FoldingCoins?

Why not collect donations (in usable currency), and give that out to Folding@Home workers?

[PookTwo]

Please read here http://foldingcoin.net/alttokens/ for a complete detail on the benefits of adding crypto currency to FAH. Also you can watch this 26 minute video (i still have to edit, but the information is there https://www.youtube.com/watch?v=adROavBst7E and it goes into grave detail on the benefits

[runeks]

> Please read here http://foldingcoin.net/alttokens/ for a complete detail on the benefits of adding crypto currency to FAH.

I have read this, and I'm still not sure I understand exactly what you're trying to do.

You create a crypto-currency, distribute it to people who do something valuable (protein folding), and then hope other people will start valuing this crypto-currency, so that the folders can sell their coins into the market and make a profit. Is this correct?

[PookTwo]

We do not want this to be your everyday "buy and sell coin", as you can see on https://www.poloniex.com/exchange#btc_fldc when we arrived there, we had high value, but like all other altcoins, our value dropped.

This is the nature of the altcoins.

However, we are working on 2 projects that will give this token value:

1. Creating this as a Meetup currency 2. Creating a ebay type martketplace for this coin (and any counterparty token) to be used to buy and sell goods

We are releasing our white paper by Feb 5th and it will go into great detail on how we will accomplish this, but basically since we do not have to create our own QR scans, transaction system, blockchain, ext... we can simply input the open source Counterparty features to create a decentralized Meetup currency and marketplace.

I know that is not a lot of information, but please give me until the 5th to post the white paper here. At this point, i do not expect the non crypto communities to fully understand what we are trying to do, but this is a very appealing coin to those that mine for whatever personal reasons they have to mine.