"3. X amount of Greekshares will be given away to Greek companies and Greek citizens."
Thats the big problem! How the coins will distibuted! Using AMKA ?
No. The whole point is not to give greekshares to anyone who doesn't understand what it is. Not all Greek people and companies will receive coins for free. The idea is not be a fair distribution!
The idea is to create a big family of people who will be willing to take the extra mile, go to each merchant individually and explain them that they get greekshares for free (which equals to x greekcoins in the future) as long as they accept greekcoin as method of payment. The idea is many merchants to use it. People who convince and educate these merchants will receive a small portion of greekshares for their effort...
Therefore day 1 greekshares worth nothing. But if after 200 days you have achieved to educate and make them accept as method of payment 2,000 or 20,000 merchants, hotels, bars etc... greekshares (=greekcoins) will have a lot of value. People who spent their time to achieve that and investors who believed will get their rewards...In the end of the day we have also helped some unemployed people to have a chance in making some money by distributing the coin. If by the end of 200 days no one wants to use it then we will lose our time and investors their money...
The problem I see with your idea is that what are you trying to do is just another altcoin. I can't call this a DAC because I don't see how your coin will be profitable.
There's altcoins with county names that are coming up every day, non of them had any success so far, look at spaincoin, chinacoin, auroracoin, they all are dying a slow death and they all will end up in the same place, altcoin cemetery. The problem with this coins is that the only people that are interested are those that are trying to make a quick bucks. Once they make some money they are moving on to the next altcoin.
If you gather together a lot of people whith a common idea " to distribute a coin, educate people how to use it, create a new market of merchants that currently don't know what bitcoin is, give unemployed young people whith skills the chance to participate and make some money if the project succeeds and most importantly give a chance to your country who is constantly f...by politiciens and bankers to have a new asset that might worth a lot in the future and has nothing to do whith any government etc.." then you have created a profitable DAC isn't it? You don't just airdrop a coin... You create a new marketplace and you convince people not to sell it immediately but use it in the future for their transactions. You explain to people why this might be valuable.. I am not very good with words so when the time comes it will definitely be not me try to explain the idea to people..
You have a company with a group of people with a common cause. If you believe in your cause then you will want to be an initial investor as well. All investors will not be dumpers. They will invest a few dollars in the beggining when no one else will believe, they will acquire as many greekshares they can, they will have motives for this to be a success and they will work hard in order to achieve it...
So instead of doing just another altcoin. Why not do a Bitshares X with one of the assets being bitDrachma ?
I fully agree with this but what will be the value of bitdrachma? It will be zero unless you have taken all the above steps to create true value for the coin. Once true value for bitdrachma or greekcoin or whatever we call it is created then ofcourse the concept will be to issue it as bitasset in the Bitshare X ecosystem.
Please don't take that in the wrong way, this is meant to be constructive. I think your idea is noble and hope it is gonna work one way or another. Are you involved with Greececoin ? https://bitcointalk.org/index.php?topic=516955.0
I am not taking this the wrong way at all. This is exactly the constructive discussion that I was looking for so thank you very much for all your comments!!
I am not involved with Greececoin at all... I thought that this was done by Greek developpers in the beggining (and bought a few due to patriotic emotions) but then I realised that it was just another pump and dump coin (actually it never even got pumped i think) by developpers who don't even know how a national ID card looks like...
The only decent effort that I see so far from my country devs is GRcoin which is 0% premined and will be soon launched. Although mined or not I believe that unless we do the distribution of whichever coin in a longer period of time as I have imagined it (Form a big team, greekshares, educate merchants and people, give them coins at a later stage etc..), I am pretty sure GRcoin will also fail due to miners pumping the coin and then dumping it really hard like all the country coins there..
Just to clarify... This is my idea so far trying to form a team to achieve it. I have nothing to do with grcoin, greececoin,drachmacoin etc. When we are ready it will have a different name than the above..
Please keep your comments comming. I want to understand as much as possible. Maybe I missunderstood the bitdrachma point with Bitshares X.