Claims update 17 March

[arthur]

Update 17 March:

We have reached 35% of PTC distributed, with over 7.43 million PTC now in the hands of active claim holders.

Nearly 85% of claims have been fulfilled to date. If you submit a new claim today, you will receive your PTC within a few days.

This week we've seen community members begin p2p trading in our Discord channel in #price-talk, with buy and sell offers. These early efforts are fun to watch. Offers have ranged between $0.01 and $0.05, in the same range as Bitcoin's early prices from 2010.

A question often asked is "what will happen to any unclaimed PTC?"

We will decide by day 90 of the claims period and share with the community. If we overestimated the amount of active PPC addresses, the solution could be a mixture of additional distributions to all PTC holders and a small auction for a development fund.

We know that PTC trading and liquidity will increase once all coins are distributed, so our goal remains to distribute the full supply this year. We will pursue exchange listings once this is complete.

If you haven't claimed your PTC yet, instructions are in the announcement thread.

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Discord question of the week: "What happens to BTC mining's voting power once mining is done? Could transaction fees even come close to Patchcoin's?"

When Bitcoin miners no longer receive coin subsidies per block, BTC transaction fees will go even higher.

Read this Bitcoin mining industry report from mid-2024. Look at the value of the capital expenditures and acquisitions. Thousands of acres of property, hundreds of millions of dollars. What a waste of valuable land, materials, and energy.

Those capital and operating costs will be recovered by mining companies through the Bitcoin transaction fees they charge. There is no doubt those mining companies will become increasingly consolidated and centralized too.

In contrast, Patchcoin will offer a digital asset with the same scarcity and security as Bitcoin, but with a fraction of the energy usage and fees.

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