https://github.com/paraboul/nutcoin

NutCoin is the next generation decentralized peer-to-peer cryptocurrency.
https://github.com/paraboul/nutcoin

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NutCoin is the next generation decentralized peer-to-peer cryptocurrency.

• Host: GitHub
• URL: https://github.com/paraboul/nutcoin
• Owner: paraboul
• License: mit
• Created: 2013-12-28T15:03:33.000Z (about 12 years ago)
• Default Branch: master
• Last Pushed: 2013-12-28T14:23:34.000Z (about 12 years ago)
• Last Synced: 2025-10-10T22:06:48.125Z (6 months ago)
• Language: TypeScript
• Homepage:
• Size: 58.6 KB
• Stars: 0
• Watchers: 1
• Forks: 6
• Open Issues: 0
• Metadata Files:
  • Readme: README.md
  • License: COPYING

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README

          
Nutcoin Decentralized Cryptocurrency 

====================================

http://www.nutcoin.com/

- Copyright (c) 2009-2013 Bitcoin Developers

- Copyright (c) 2011-2013 Litecoin Developers

- Copyright (c) 2013-2014 Nutcoin Developers

What is Nutcoin?

----------------

Nutcoin (NTC) is a fast version of Bitcoin using scrypt as a proof-of-work algorithm.

 - 6 second block targets

 - 5000 coins per block

 - subsidy halves every 2 600 000 blocks (~6 months)

 - difficulty retarget every 28 800 blocks (~48 hours)

 - supply: 92 000 000 000 (92B) coins

Scarcity Principle

------------------

An economic principle in which a limited supply of a good, coupled with a high demand for that good, results in a mismatch between the desired supply and demand equilibrium. In pricing theory, the scarcity principle suggests that the price for a scarce good should rise until an equilibrium is reached between supply and demand.

However, this would result in the restricted exclusion of the good only to those who can afford it. If the scarce resource happens to be grain, for example, individuals will not be able to attain their basic needs.

This is what is happening with Bitcoin. The experience told us that the value of a currency is defined by its popularity, by the faith, trust, and by what you can buy with the money to eat and to survive. It is not about its scarcity.

90% of the world population will not be able to get 1 BTC, so Bitcoin will never change the world.

Why another "copycoin"?

-----------------------

Nutcoin is not a copycoin, it was designed to have a real value based on the "real world" necessity to buy goods, services, food, coffee or nuts, hence the name.

If Bitcoin is the new gold and Litecoin is the new silver, then Nutcoin is the new liquid cash.

Nutcoin is faster than all other available crypto-currencies, it's secure, and has enough supply of coins to feed the entire planet for the next 15 years.

We design it to challenge the US Dollar marketcap by 2024, the main reason we created Nutcoin.

Total market capitalizations:

-----------------------------

It is estimated that only 2% of all US Dollars in existence are in paper money and coins. The other 98% is digital.

Bitcoin's scarcity and its $10 billions market is negligible in comparison with the "real world" market caps.

- Bitcoin: about $10 billions USD

- Total of all publicly traded companies in the world: about $50 trillion USD

- USD marketcap: $11 trillion USD by the end of 2013

- NTC target $1.3 trillion USD market cap by 2024

Nutcoin Massive Planet Supply Plan

----------------------------------

    2014 : + 12 960 000 000   --> 1 NTC = ~ $0.0001 USD value

         : +  6 480 000 000

    2015 : +  3 240 000 000

         : +  1 620 000 000

    2016 : +    810 000 000

         : +    405 000 000

    2017 : +    202 500 000

         : +    101 250 000

    2018 : +     50 625 000   --> 1 NTC = ~ $1 USD value 

         : +     25 312 500

    2019 : +     12 656 250

         : +      6 328 125

    2020 : +      3 164 062

         : +      1 582 031

    2021 : +        791 015

         : +        395 507

    2022 : +        197 753   --> 1 NTC = ~ $10 USD

         : +         98 876

    2023 : +         49 438

         : +         24 719

    2024 : +         12 359   --> 1 NTC = buy something that worth $15 today

         : +          6 179

    (...)

How to get NTC?

---------------

It is not recommended to trade NTC in online exchanges (like btc-e, cryptsy etc.) before the currency is widely used and well established.

We will do our best to widespread the coin to online and local merchants. We hope NTC value will stay correlated to "what you can buy with it".

The recommended price for 1 NTC should be around $0.0001 USD, it will rise to $1 value by 2018 and maximum $10 by 2022.

License

-------

Nutcoin is released under the terms of the MIT license. See `COPYING` for more

information or see http://opensource.org/licenses/MIT.

For more information, as well as an immediately useable binary version of

the Nutcoin client software, see http://www.nutcoin.com/