1. I’m forking Bitcoin. Not the Bitcoin chain, but the Bitcoin coinbase.
2. New operation: send_message. A message of up to 140 characters may be sent.
3. Fixed transaction cost: 1E-9 per byte. 256MB block limits. Bitcoin based throttling. HYBRID longest block / most transactions wins. No miner rewards: 97% of rewards go to a fixed account.
4. The Bank of Yevaud will issue and redeem coins on the chain. 1 YVD is exchangeable for 5 shares of $SPY, current value $2344.
   1. The chain may force conversions for certain objectors to changes in the fiduciary institution.
5. Know Your Customer restrictions apply to both issuances and redemptions.
6. We are insuring the old blockchain at 1 YVD = 2.1 BTC and 21 BTC. 10000 YVD locked in a smart contract. This is insurance - you must sell us the BTC first.
   1. 0.047 YVD per BTC is an extremely low price; at current market convertibility rates we can sell BTC for roughly 30 YVD.
   2. yes, come in. we would love to make this great deal. if these coins are worth anything at all, we must insist you stay the night in our hospitality. if they are not, well, i must apologize for your losses.
   3. CONTRACT: I will buy any amount of BTC at 1 BTC = 3 USD.
7. As a trader, I will market make at the spot price of Bitcoin with a +/- 10% exchange rate.
8. We offer a second coin, 1 AU = 1 ounce of gold. Only issued by investor request.