Imagine a world where you can earn money while you sleep. That's the promise of Internet Computer Coin (ICC), and it's already underway. The ICC Foundation is dedicated to developing and distributing software that powers this new currency, which will allow anyone in the world to mine ICC and profit from its growth. The foundation — which currently has no paid employees — plans to distribute ICC through a combination of mining (the process by which new coins are released into circulation) and an aggressive marketing campaign designed to increase adoption around the world.
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1. Internet Computer Coin – The Future of Currency
Internet Computer Coin is the future of money, it is the currency of the internet. I.C.C. will allow users to store and exchange value on the internet without the need for a third party. The I.C.C. is the only crypto-currency that allows peer to peer transactions while keeping the network secure from outside attacks and fraud. As the internet becomes more and more decentralized, some people fear it could be overtaken by powerful centralized organizations; that large tech companies will one day have more power over the people on the internet than the laws of nations. Internet Computer coin could potentially disrupt such organizations by giving the power back to the people.
The Information Age has fundamentally changed the world; the gap between centralized powers and decentralized ones is smaller than ever.
The ICC movement focuses its creative energy on addressing the business risks that decentralized networks present. Michael Sonnenshein, the founder of the ICC Foundation who has spent his career in financial markets, formulated a unique “cube” that holds a solution to three major challenges. The solution he developed, called a B-Thing, provides a solution to “competence, personal privacy and scale”. Neat. The first problem is eager supply. Cryptocurrency like Bitcoin has a limited supply.
There will be 21 million coins by 2140. So in order for every new coin to become value, there needs to be more computing power required by the network. Right now Bitcoin has a finite (we hope) amount of processing power and every minute someone creates a new coin it increases the supply.
This results in a constant inflation of value — which, let’s be clear, people are not happy about. Hold. The second problem is an inability to transact. Bitcoin, for example, is terrible at paying its users in real-world value. Imagine you bought an egg from a website for $1.70 and the website took 4 days to process your transaction, unable to fulfill your order. This could be solved by building a universal Bitcoin computer that would handle all of the work of Bitcoin so that one computer could handle hundreds of transactions simultaneously.
2. What is the ICC foundation?
The International Color Consortium (ICC) is the worldwide authority on color management. They have over 300 members across 31 countries, and they set the industry standards for color management. The ICC is responsible for the creation of the ICC profile format, which is one of the most important aspects of color management. In order to ensure uniformity among manufacturers, the color management system (CMS) created by the ICC considers a number of factors when assigning mixtures to one or more profiles.
For example, to ensure that publications use the same profile, CMS mandates that the first primary color must contain subtle differences: cyan orange, magenta cyan, yellow yellow, and white. With its emphasis on shade, cyan is specific to the manufacturing of color TVs, interior decor, packaging, and signage, while magenta is found in digital art. The range of colors accepted into the cyan profile is quite limited — brands can typically use 650-27499, while the completely unrestricted range of the magenta profile includes all primaries and their complements, from pure yellow to completely black. With this in mind, the ICC is creating an entirely new color.
Each cypher must have one final complement of primary colors, all the way to black. The ICC is creating an entirely new color Anyone with the technical skills necessary can download the ICCC webpage and work on creating character-level graphics that represent the new color. Of course, lots of variations are possible, from subtle changes to complete transformations.
Why do companies care so much about an individual color? You’ll have to look at the marketing. With my friend at work, I cracked open the colleague’s printer. I found that it had become sluggish and sluggish no longer mattered how hard we tried — just like you experience with your computer after using Chrome for a little while. That familiar feeling can be traced back to a long list of products and companies that have failed to meet our expectations. You may have experienced a similar feeling when purchasing a brand new piece of equipment.
Read More Details: What Is Internet Computer Coin And How Does It Work?
3. Who invented the ICC?
The International Committee of the Red Cross (ICRC) was founded in 1864.For the first 200 years of its existence, its mandate was to protect civilian life and property around the world. But in 1980, the ICRC began supporting armed conflict — first in ocean liners, then in countries like Nicaragua, where it provided ships and medics to fight drug lords.
In the years since, the ICRC has focused on supporting the Libyan people, particularly during the Civil War and officially defining and marking refugee camps throughout the country. In recent years, the UN has signaled that perhaps a return to civilian-focused aid — supported by the ICRC, German relief workers, and other generous humanitarian actors — is becoming necessary, setting the stage for the return of the International Committee of the Red Cross. There’s a lot of structural change underway in humanitarian assistance, including the restructuring of the relief industry as well as the creation of new government and nongovernmental organizations (NGOs) dedicated to delivering aid for which the ICRC may no longer be financially responsible.
One potential development is the creation of a new organization dedicated to providing peacekeeping and humanitarian assistance — one that is financially self-sustaining. Collectively, these potential new structures could make the vast range of humanitarian assistance available to a wider range of actors, while at the same time creating a safe space for the equitable distribution of risk, even as private actors shoulder the risk of identifying the humanitarian necessary to address that risk. Risk mitigation measures can take the form of both active risk reduction (taking actions to reduce future occurrences of risky occurrences) and passive risk reduction (taking actions to mitigate specific outcomes that result from some phenomenon or event in the present).
4. How does ICC work?
ICC is a term used in the cosmetics industry to describe the colour match between a product and the person who is buying it. The colour match is assessed by having a person match a lipstick to a colour swatch or have a colour swatch matched to the person.
The interesting part about ICC isn’t that it’s an innovative new currency but that — according to a New York Times report — it’s also being used for nefarious purposes. For instance: I received an email from a detractor. It was the first time a detractor had emailed me in three weeks. He attacks the website, calls me stupid and says the content is “so absurd, people can’t take it seriously.” The website allows users to mine for “basic computing services” using a simple method: one computer is hooked up to the network, and another is instructed to select a colored block (for instance, the number one) and send that number to the first computer.
If that second computer receives a response, it’ll accept the response and send a reply to the original user (according to the protocol). The amount of money a user can earn for mining is depends on how long it takes them to find a certain number of matches.
Sometimes matches pop up within three seconds, sometimes within five. The Internet Computer Coin might sound like science fiction, but the company behind it is already taking steps to move beyond its white-hat marketing branding. Forbes reported that the founders have already conducted a massive trial run of 8,000 people to test the viability of the project.
The results were promising: The developers used three devices to ensure all computer users were splitting the profits. They used tablets, phones and desktops to split the payments at the initial touch point by 3 percent. The average user could expect to earn roughly $30 a month for hosting one million matches. The founders are confident they can increase revenue substantially if they can routinely achieve one million matches a day.
5. Why is ICC better than other currencies?
International Currency Exchange (ICC) is a leading money transfer company that has been providing currency exchange services since 1983. With its head office located in New York, ICC is one of the largest currency exchange companies in the world. ICC has over 150 branches in more than 30 states in the US, as well as over 50 branches in the Philippines.What is Internet Coin? The premise of Internet coin is straightforward: anyone on Earth with a computer can mine a fixed set of coins, and through reciprocal transactions (like Bitcoin), earn a specified number of Internet Coins, which they can exchange for real value.
Many people use Google to search for a number of "mined" terms, such as "icoin," "bitcoin," and "spawn," indicating a desire to earn coins with a more complex currency. There is no central company or government that decides how many coins have been minted, or who controls these coins. For those curious to get a look at the operating system, a demo of the product is available on the original, now inactive, site. What's the appeal? The most salient feature of the concept, however, is the implied freedom for individuals to earn money through a completely decentralized and anonymous investment.
International investors wishing to conduct their business internationally, for example, or users desiring to use anonymous or anonymous transactions to conduct business which they wish to partially or fully divvy up without involving large corporations or governments, can all benefit from the same product with very little friction. How can an individual earn money with it? While the nucleus of the operating system (the core product) is free to all, the other "tools" are not.
Specifically, the software needs to operate in order to earn a monetary reward. In expressing a preference for raising a revenue share to 99% revenue, the founders additionally note that the service will be improving (improving meaning new tools will be available to purchase if the price is right) at a rising rate. The potential for growth is also significant. This product is likely to have many niches.
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