Consider the following idea that @pmacaverse and I are noodling on.
Imagine a new coin called Bitcoin 2.
It's a coin on Solana -- it has most of the hard money aspects that we know and love about Bitcoin, but it's faster, and more programable. In a way, it's a "better Bitcoin", built on top of Solana.
specifically:
1. It has the exact same emission and max supply schedule as Bitcoin. 21MM total cap. 50 BTC2 in the first block. One Block every 10 min. 210,000 blocks and we have a halving
2. Absolutely no pre-mine. Everything is open source, and the first block gets mined in about a month. Everybody has ample time to get on board.
3. The "mining" is a smart contract dutch auction. We start at the price of actual BTC and we drop the price every 5 seconds until somebody buys the block. It's completely fair.
4. It's completely secure (not quite as secure as BTC, but secure enough).
5. When a block is mined, the SOL for that block goes to buy the token on Raydium automatically, stabilizing any sell pressure for the next block.
Now here's the question. What do you think BTC2 will trade at initially? Chat GPT seems to think 1-5 SOL, but I am curious what you think.
@pmacaverse some of you will be missing those really cheap blocks of "Bitcoin 2"
@pmacaverse Imagine telling your kids you missed out on the very first blocks of Bitcoin2, when you could still buy them for 1 SOL.
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