Lets Start a Jurassic Park Fund!

 

Some blogger like me says "Lets start a Jurassic Park fund!" 10 minutes later it's done! What does this mean for innovation and the global economy? Could it be a butterfly effect? Like the names sake it seems crazy but Cypto-currency and bitcoin is now the fastest growing venture capitol sector.

Coinprism makes crowd funding and international micro ownership better and easier in itself. For example I have actually created in the time it takes to write this blog. Here it is.

Officially I'm issuing 10,000 share tokens in a future 'Jurassic Park' as of .... now!

You can trade them for fun initially and use it as a marketing for the cause. Just tip me here and put Jurassic park in the comment.

I'll send you some. Depending on how interested you are I'll send you more as you need.

At first all you'll need is to download the Coinprism app to store and trade your shares from.

I can't guarantee that it will actually eventuate. but of course all transactions will be public. If it works well we can even do a  share split and a second round of actual significantly monetised funding.

When the time comes and the total value increases to a viable level we can get this thing started. With a good understanding of Chaos theory of course and you can contact me with any issues. All major financial decisions will be made by verified shareholder voting online.

That's it. Whacky idea floated, permanently, transparently and understandably, even time stamped on the bitcoin network! You can find the details here it has an emblem and everything. Share holdings can be traced online in real time.

Anyone can make your own counterfeit proof digitally transferable tokens based on the bitcoin network for anything they like. I've also created a currency I've been using it to make bets between friends. Try it out, its so easy you can just do it for fun, just like starting a Facebook page. What this kind of open access does to the world though is uncharted territory, it's wild. You might feel like you've broken out of the cage! Not that you're into eating children in seemingly impenetrable balls.

 

McDonalds and Crypto

I was watching TV the other day, something  don't do often. I don't even own one, but I had a little revelation when watching this McDonalds add that was airing in NewZealand last year. The add really didn't present loose change in a positive light.

The two chummy guys scrounged some coins and crumpled up notes onto the counter along with some lint, an awkward smile and an eye role from the attendant. They we're extremely stoked to be able to swap such junk for an edible cheeseburger.

This is when it dawned on me. McDonalds as an international mega company probably spends millions on bank fee's and cash handling costs. I looked it up online but couldn't find out exactly how much McDonalds spends. they probably don't even know, but I did find this on average EU transaction costs;

"On average, debit card transactions cost the retailer 9p each, or about 0.2% of the bill. Credit card transactions typically cost much more, at around 0.9%."

With Bitcoin those costs can be zero. But 0.001% if you do the normal thing and source your transaction confirmations from other peoples mining computers and want it done quickly.

The revenue of McDonalds internationally is insane, who knows what it is, but the head franchise does $27.5Billion, so at 0.2% they could save $55million dollars a year. I have a feeling those greedy old capitalist will find it difficult to say no to that. 

They are implementing digital ordering systems, ordering on ipads. The next stage must surely be digital currency which would load straight onto that system. This would save them millions with time saving at the counter and with eftpos terminal costs, let alone fees from banks.

So its all really quite inevitable. Companies like this do not care how they get paid as long as they get it. They are cut throat and the less they have to pay the better. That's why you'll be seeing punks pulling up to McDonald's in denim jackets and Bitcoin bought Lamborghini's and spending their Bits on guilty pleasures, quickly before their Vegan friends see.