The Drachma Coin White Paper

"On a recent trip to Athens, I saw something that would change the course of my life forever. There, amongst the hustle and bustle of the city, stood the most horrific thing a man could ever lay his eyes upon. The fear penetrated me so deeply that it shook the very foundation of my soul.
In the capital of Greece, there was ... a no smoking sign.
I couldn't believe my eyes. How dare they?! How can some EU bureaucrat have the nerve to tell me where I can and can't smoke in Greece?
I am a Greek man. I have the right to smoke wherever I want within the borders of the Hellenic Republic. This includes, but is not limited to, public spaces, cafes, restaurants, the airport, and any hospital/medical center of my choosing. 
What's next? Some asshole in Brussels is going to tell me I have to wear a helmet when riding a motorcycle?
I was so shocked that the cigarette I was smoking fell out of my mouth and hit the concrete floor. I immediately relit another one and, when the carcinogenic poison flowed deeply into my lungs, I knew what had to be done."
 -- Chris, Founder and CEO of the Drachma Coin Foundation

Drachma Coin Executive Summary

Drachma Coin is a blockchain based technological currency designed to free the Greek people from European Central Bank tyranny. 

By leveraging blockchain technology, Drachma Coin will enable Greek people to engage in transactions seamlessly in a decentralized manner. Using advanced algorithmic technologies, these transactions will take place free from centralized third parties.

Drachma Coin has a limited supply of 18.21 Billion DRC Tokens, meaning it is impervious to devaluation and inflation.

Introduction

Since the 2008 Financial Crisis, The European Central Bank has engaged in a program of quantitative easing that has led to interest rates on the Euro (Or Evro as it's locally known because U is V in Greek) to drop into the negatives.

Source

This is an unprecedented event and the Central Bank presents no solution to the problem. The result of this complete failure of the fiat monetary system has been mass unemployment and crippling taxation with no end in sight.

By constructing a framework for a decentralized transaction system, Drachma Coin aims to solve the financial crisis.

Drachma Coin uses advanced blockchain technologies to create a decentralized network of Greeks that can be connected financially through a decentralized network of finance.

Unlike the Euro (Evro), The Drachma Coin Network is free from interest-based manipulations by inbuilt blockchain algorithms. 

By offering an alternative payment system, reliance on the failed fiat system can be removed, and the Greek economy can be released from its fiat shackles.

Drachma Coin Technological Architecture

The entire Drachma Coin ecosystem has been built in partnership with the Ethereum network.

Ethereum was chosen for its robust security, scaling abilities, plasma stuff, a guy on Fiverr makes ERC20 tokens real cheap, sharding, and transaction speeds.

Leveraging the Ethereum network enables Drachma Coin to build a seamless ecosystem of end to end transactions.

The framework of the Drachma Coin blockchain also enables Dapps to use the Drachma's unique “circle technology” to build applications on top of the Drachma blockchain.

This revolutionary “circle technology” opens the door for numerous solutions to real-world problems such as:

  • Olive Oil: Olive Oil needs to be bought and sold. This Olive Oil can be bought and sold with Drachma on the Drachma blockchain.
  • Feta Cheese: Drachma's circle technology enables the milk to be stirred in a decentralized manner ensuring cheese profits are distributed to cheese farmers.
  • Spinach Pie: Some bakers make spinach pie in a circular fashion. Drachma Coin has circle biotechnological abilities. 
  • Overcharging Tourists: Foreigners will still be using worthless fiat and can be easily tricked into overpaying for things in Drachma ensuring maximum returns for Drachma Coin holders.

The Drachma Coin Core Team

@christosthegreek (CEO)

Chris has a long and industrious career in the blockchain tech space that began in 2012 when he bought only legal things off the internet using Bitcoin.

Since then, Chris has been active in Blockchain development including buying Bitcoin, holding Bitcoin, and selling Bitcoin.

Karagiozis (Head of Financial Operations)

After hundreds of years of financial success, Karagiozis has said goodbye to his financial empire to join the Drachma Coin Foundation. Karagiozis will be using his advanced business acumen, and applying his financial wizard skills, to assist with the growth of Drachma Coin.

John Mcafee (Head of Blockchain Security)

John may or may not be a member of the Drachma Coin Foundation, however, it is possibly rumored that he may or may not completely endorse the viability of Drachma Coin as a replacement to the Euro - or he will eat his own …

Just remember: John Mcafee = moon.

Advisory Board

@haejin & @berniesanders

After years of fighting, @haejin and @berniesanders have possibly put aside their differences and come together for the greater good of the Drachma Coin.

@berniesanders was rumored to say: “I hated the little bugger, but Drachma Coin has shown me how to love in a way I have never loved before. I love you @haejin. Thank you, Drachma Coin!”

@haejin was rumored to respond: “I don't know, but I think Bernie is kinda cute. Oh, and Drachma Coin has just broken through the 3rd wave Fibonacci entrancement level. Expect 9000% gains two days after ICO!!!”

The Drachma Coin ICO

Unlike other ICO's, the Drachma Coin Foundation is taking a new and revolutionary approach to the initial coin offering.

The Drachma Coin ICO will be the first ICO conducted 100% on the Steemit platform. This Steemit Coin Offering (SCO), will be conducted in two stages:

SCO Stage 1: Pre – SCO 50% of DRC Tokens released (4 pm 16th March UTC)

SCO Stage 2: SCO remaining 50% of DRC Tokens released (4 pm 19th March UTC)

To register for the Drachma Coin SCO you will need:

  • To be a member of Steemit
  • An Ethereum address with Metamask or something similar (don't use your real address if you have one. Use a brand new one)
  • Check @christosthegreek 's blog at the above dates and times.

You can view the DRC contract here: https://etherscan.io/token/0x734dee061f735fdb559775fa26a6531c4e1a25a9

Are you Ready for Freedom, Liberty, and a World of Change?

The day of the Central Bankers is fast coming to an end. Drachma Coin presents a real-world alternative to banking and finance in Greece, Europe, the world, and Mars (when Elon Musk colonizes it)

The crypto revolution is happening NOW. Don't get left behind. 

Join Drachma Coin!

Sort:  

Laughing my bloody nostrils of my face. God bless you.

Edit: still laughing

hahaha when i saw the global network of greeks and saw the photos i laughed my ass off, then i moved to the team :P my 100% upvote worth nothing in front of this gem-post!

Well... the humour is definitely strong within the drachma coin XD

This is the best contribution of Greece to the world since Floriniotis ...
But I really I think you should airdrop DRCs to all Greeks

That's an even better idea. How do you do an airdrop?

For starters, you need an aeroplane.

OMG (lmfao)! Going to change all my miners to DRC!
God bless you.

This will never work because this is false:

Or Evro as it's locally known because “U is V in Greek”

Otherwise I think you just saved Greece.

Why isn’t this a real thing though??

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