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I recently created my own cryptocurrency, UCaetanoCoin (UCC), with a supply of 100 trillion and one coins, all owned by me. I sold one to a friend of mine for
by ucaetano 9y ago
I recently created my own cryptocurrency, UCaetanoCoin (UCC), with a supply of 100 trillion and one coins, all owned by me.
I sold one to a friend of mine for $0.01 yesterday, which made me not only the richest person in the world, but also the first trillionaire, as the coins I own are valued in $1T USD.
And my UCC has a market cap of $1T USD (and one cent).
Then I exchanged a single coin with myself for $0.01. As my coin has zero transaction cost and instant transactions, I traded it back and forth with myself 100 quadrillion times.
This generated a total traded value UCC-USD of 1 Quadrillion Dollars yesterday.
Anyone wants to invest on my UCC?
- hathym 9y agoShow me your white paper :D
- ucaetano 9y agoAs requested, my white paper: https://cdn.shopify.com/s/files/1/0858/9696/products/122_1024x1024.jpg?v=1509557568 https://cdn.shopify.com/s/files/1/0858/9696/products/122_102...
- jonnydubowsky 9y agoYou win hacker news today for this double hitter of comments. I love your mental model regarding market cap and implied valuation. Your white paper is more honest then most!
- ucaetano 9y ago> You win hacker news today Oh, thanks, although winning hacker news is quite irrelevant when you're a trillionaire. Now if you excuse me, I'll retire to my orbiting chateau, it's tea time at my geostationary orbital slot.