$10 Wallet Usage Fee Coming
Soon
Before I get into explaining this new fee, I’d like to
talk about the Tester program on the Bank Fiat
Exchange. My Bank Partner and I are both surprised
that with the current number of members being in
the hundreds of thousands and the amount of time
that has passed since we open the door to become
a tester that at this time only 7,523 people have
stepped up to become a tester. Qualifying to
become one of the 10,000 testers couldn’t be
easier! All you have to do is pay the annual fee of
$10 in Bitcoin for your Kringle Cash Back-office.
The slowness of the TBC community to take full
advantage of such a wonderful opportunity to
become a Tester is alarming and has made us
question the business model we are using for the
ongoing expansion of the TBC community. Paying
for a useful back office in Kringle Cash is an indirect
way of gathering revenue to cover the costs of
expanding the TBC coin network, while also
promoting the TBC/Kringle coin.
At this time, we have 373,950 Verified Members and
321,065 of them have received the gift of 100,000
Kringles from the Kringle Cash Giveaway. Yet there
are now 555,092 TBC wallets from tbc004.net. We
have had quite a bad backlog on TBC transactions
and we have almost completed recoding the
software to allow multiple daemons to run
simultaneously to make scaling the network up
possible. That should eliminate the backlog once it
is running on the new code. These are not small
numbers and we need to be able to cover the
expenses of these. Members need support from
time to time, and that support costs money.
Expanding the servers on the TBC coin to keep up
with the number of daily transactions is critically
important and that is not cheap to do. Developing
the education and information sites also costs
money.
Why are there 30% more wallets than members?
Well, a group of TBC discounters have been playing
cat and mouse with Admin and they keep their TBC
coins on the move to avoid being suspended. This
strategy only works temporarily until we recognize
the pattern and then we suspend all of the wallets
branching out of the discounter’s wallets. These
silly games also cost Admin to police and enforce.
As you can see by all the facts presented above,
Admin needs a direct way to raise revenue ongoing
to cover these necessary expenses. Our Bank
Partner does not want to put TBC on the Asset side
of their books if the risk of Admin becoming
insolvent is high. We are centralized for now to
grow the community to 1 Billion Members (It’s the
only sure way to get to a Billion.) But we will
decentralize the whole community once we get
there as a long-term way to secure the network of
the 1 “Abundance-Based” currency. No, we are
not going to follow the roadmaps that other crypto-
currencies have taken—too many pitfalls are
apparent.
So, if anyone feels the need to directly go to the
tbc004.net wallet server to set up a new wallet, they
will be asked to pay $10 at that time. All existing
members will be given 30 days to pay their $10
Lifetime Wallet Fee. If people use the proper
channel, they are getting a wallet by opening a
Kringle Cash account and then they have a 30-day
trail period before they pay for their back-office/
wallet. CERTAINLY, DISCOUNTERS WILL NOT
WANT TO PAY THIS EXPENSE AND THAT SHOULD
GIVE OUR TBC COIN NETWORK SOME RELIEF AS
THEY STOP ABUSING THE WALLET SYSTEM WITH
THEIR CAT AND MOUSE GAMES. Some people are
going to get upset that we as a centralized currency
are charging a $10 Lifetime Wallet Fee. Well, these
people have a couple of weeks before the code is
finished on attaching the payment processor to the
wallet system, and 30 days for the existing
members to sell off their TBC and get out before
they have to pay this fee. The 1 thing you should
know before joining TBC is that we are a private
group of people, and no one is forced to join us.
Therefore, if you don’t like our policies, or an update
in our procedures, you are welcome to leave our
community at any time. The rest of you I’m sure are
wondering why we weren’t charging this fee in the
1 place, because it is only logical that you have to
“Pay to Play.”
Soon
Before I get into explaining this new fee, I’d like to
talk about the Tester program on the Bank Fiat
Exchange. My Bank Partner and I are both surprised
that with the current number of members being in
the hundreds of thousands and the amount of time
that has passed since we open the door to become
a tester that at this time only 7,523 people have
stepped up to become a tester. Qualifying to
become one of the 10,000 testers couldn’t be
easier! All you have to do is pay the annual fee of
$10 in Bitcoin for your Kringle Cash Back-office.
The slowness of the TBC community to take full
advantage of such a wonderful opportunity to
become a Tester is alarming and has made us
question the business model we are using for the
ongoing expansion of the TBC community. Paying
for a useful back office in Kringle Cash is an indirect
way of gathering revenue to cover the costs of
expanding the TBC coin network, while also
promoting the TBC/Kringle coin.
At this time, we have 373,950 Verified Members and
321,065 of them have received the gift of 100,000
Kringles from the Kringle Cash Giveaway. Yet there
are now 555,092 TBC wallets from tbc004.net. We
have had quite a bad backlog on TBC transactions
and we have almost completed recoding the
software to allow multiple daemons to run
simultaneously to make scaling the network up
possible. That should eliminate the backlog once it
is running on the new code. These are not small
numbers and we need to be able to cover the
expenses of these. Members need support from
time to time, and that support costs money.
Expanding the servers on the TBC coin to keep up
with the number of daily transactions is critically
important and that is not cheap to do. Developing
the education and information sites also costs
money.
Why are there 30% more wallets than members?
Well, a group of TBC discounters have been playing
cat and mouse with Admin and they keep their TBC
coins on the move to avoid being suspended. This
strategy only works temporarily until we recognize
the pattern and then we suspend all of the wallets
branching out of the discounter’s wallets. These
silly games also cost Admin to police and enforce.
As you can see by all the facts presented above,
Admin needs a direct way to raise revenue ongoing
to cover these necessary expenses. Our Bank
Partner does not want to put TBC on the Asset side
of their books if the risk of Admin becoming
insolvent is high. We are centralized for now to
grow the community to 1 Billion Members (It’s the
only sure way to get to a Billion.) But we will
decentralize the whole community once we get
there as a long-term way to secure the network of
the 1 “Abundance-Based” currency. No, we are
not going to follow the roadmaps that other crypto-
currencies have taken—too many pitfalls are
apparent.
So, if anyone feels the need to directly go to the
tbc004.net wallet server to set up a new wallet, they
will be asked to pay $10 at that time. All existing
members will be given 30 days to pay their $10
Lifetime Wallet Fee. If people use the proper
channel, they are getting a wallet by opening a
Kringle Cash account and then they have a 30-day
trail period before they pay for their back-office/
wallet. CERTAINLY, DISCOUNTERS WILL NOT
WANT TO PAY THIS EXPENSE AND THAT SHOULD
GIVE OUR TBC COIN NETWORK SOME RELIEF AS
THEY STOP ABUSING THE WALLET SYSTEM WITH
THEIR CAT AND MOUSE GAMES. Some people are
going to get upset that we as a centralized currency
are charging a $10 Lifetime Wallet Fee. Well, these
people have a couple of weeks before the code is
finished on attaching the payment processor to the
wallet system, and 30 days for the existing
members to sell off their TBC and get out before
they have to pay this fee. The 1 thing you should
know before joining TBC is that we are a private
group of people, and no one is forced to join us.
Therefore, if you don’t like our policies, or an update
in our procedures, you are welcome to leave our
community at any time. The rest of you I’m sure are
wondering why we weren’t charging this fee in the
1 place, because it is only logical that you have to
“Pay to Play.”
This is not good news at all
ReplyDeleteThat is why to deal with decentralized system than this one Admin is controlling
ReplyDelete