FAQs

CloudCoin is actual money. It is not just a notation in a ledger, like what is used in banks or with cryptocurrencies. Each coin is just like a paper currency, but in many ways it’s better. Peer-to-peer (p2p) electronic money has arrived, and it is the money of the future. With CloudCoin the actual money is transferred from one owner to another. In a p2p network, the “peers” are computer systems, like the computer or smart phone that you have. They are connected to each other through a common language via the Internet. They are called peers because they are similar and operate in a similar fashion and share common language. CloudCoins come in secure p2p data files that can be quickly shared between systems on the network.

Digital Currency, which is also known as eCurrency, is an online cloud-based digital money that is sent from one person to another, or from one business to another without the need for a third-party such as a bank or other middleman. Each coin has a serial number and is completely individual. Each coin also has an authorization code. There are no duplicates and no possibility of counterfeiting because when the transfer occurs from person-to-person, the authorization number gets verified and then changed. The CloudCoin cannot be double spent or counterfeited because it changes with each transaction.

Getting started using CloudCoin is super easy. The first step is to download a free CloudCoin digital wallet. It only takes a few minutes to download. Complete online instructions on how to download and use your CloudCoin wallet can be found here at: https://cloudcoinconsortium.com

After the last recession, the original Bitcoin whitepaper by Satoshi Nakamoto in 2008 introduced a solution to the failing banking system. It was meant to be a solution to a situation where people are forced to trust and depend upon banks or some other central authority with their own money when those institutions had repeatedly proven themselves to be untrustworthy. With high inflation rates and collapsing banks that needed to be bailed out at taxpayer expense, the emphasis was on an alternative currency: (1) Putting control of your money back into your hands, (2) Not needing a trusted third party to prevent fraud, and (3) Maintaining privacy by attempting to come as close as possible to the anonymous nature of cash, (4) Reducing costs by transmitting funds on a peer-to-peer basis, and (5) Creating a fault proof system to secure that transmission.

Satoshi came up with many critical elements, such as a fully decentralized and pseudo-anonymous, trust-free system. He used a complicated system of an unalterable and publicly viewable online bookkeeping ledger tied together using codes that are extremely difficult to break. This system is called the Blockchain. All cryptocurrencies are based upon the blockchain which is now over twelve years old. Crypto means secret and cryptocurrency and means a coded or secret currency. CloudCoin is the next generation. It is not based upon the blockchain and this gives it many advantages.

It is a new patented digital currency, not a cryptocurrency as it is not dependent upon complicated codes. Unlike dollars and some cryptocurrencies, there is a fixed quantity of CloudCoins and therefore NO possibility of inflation. Unlike Bitcoin, which is pseudo-anonymous, CloudCoin is as private as cash. If and when CloudCoins increase in value, less will buy more. There is no need for additional currency.

There are only three systems acknowledged to have what is called “Data Supremacy.”
The first is the DNS (Domain Name System) that has been running the internet since 1985 and has never been brought down.
The Blockchain is the second system to achieve Data Supremacy.
The third, and only other system to achieve Data Supremacy, is the new patented digital money system used by CloudCoin. It is based upon the DNS system and does not need to use long complicated cryptographic mathematics for security.
It is called the RAIDA (redundant Array of Independent Detection Agents).

They have been around for over ten years now and have become so much a part of the financial world that big conservative investment funds, IRAs and retirement funds are beginning to invest in them.
Laws have been written to integrate them into the tax system and major accounting firms have created tax reporting software for them.
They are changing the way the world thinks about money and financial systems.
One measure of their astounding success is the millions of percent of increased value enjoyed by people who were early Bitcoin investors.

There are many benefits to CloudCoin but some of the key benefits are:
(1) The system is virtually hack proof, even to the new quantum computers,
(2) In most cases lost money can be recovered (this is unique to CloudCoin and even better than cash),
(3) CloudCoin is as private as cash,
(4) With CloudCoin all peer-to-peer transactions are FREE,
(5) CloudCoin transactions are much faster than Bitcoin and faster than credit cards,
(6) With CloudCoin merchants do not first get an authorization and then get payment later. Payment with CloudCoin is immediate. Thinking of CloudCoins as electronic cash is the best way to conceptualize how it works.

You can store them in several ways.
The first on in your personal wallet.
The second is on what is called a Skywallet, which is a special personal cloud that users can create.
The third way is storing all or some of your CloudCoins on a removable USB for what is called “cold storage.” This method is called cold storage because it is not connected to the computer until you want to use it and plug it in.
Sort of like keeping your valuables in a wall safe and taking them out when you need to use them.
While the CloudCoin system is safe, and transmissions of CloudCoins are safe, if you just leave CloudCoins loose on your computer desktop or in an unencrypted file on your computer, it would be like leaving a bunch of money lying around unattended on your office desk or kitchen table that burglars could steal. With computers these burglars are called hackers.

You can buy CloudCoins, and many people do, but the best way to get CloudCoins is to earn them.
The OBN program has several ways for you to earn CloudCoins and aid in your success.
In short, OBN has been designed to simultaneously improve a business’s bottom line and reduce risk by converting wasted time or resources, into profit (in the form of CloudCoins).

Because OBN uses CloudCoins as ‘barter bucks’, they can be used to buy things from any of the members within the OBN trading network, as well as others participants the international CloudCoin network.
As time goes on, well there will be ever increasing goods and services you can buy with CloudCoins in lieu of cash.
The CloudCoin network is a newborn baby, but it is already growing in over 25 different countries.

Current tax law treats digital currencies like CloudCoin as an asset. But as with any asset, like a house or a bar of gold, the value of CloudCoin can rise or fall.
However, CloudCoin was designed for use as a free peer-to-peer electronic currency, not for speculation.
Can it go up like Bitcoin did?
Possibly, but the point is that CloudCoin is intrinsically useful.
The OBN network simply brings people together to use it to open new avenues for trade which would not otherwise be possible.
Spending CloudCoins is fast, with near-instantaneous p2p transactions and zero p2p transaction fees, even when transmitting funds across borders, which is remarkable.
CloudCoin is the fastest, least expensive, and most secure digital currency in the world.

The CloudCoin Consortium is basically a group that exists to make your life better.
This group is composed of programmers, marketing professionals, administrators, writers and artists, all of whom are dedicated to forwarding the purpose of CloudCoin.
It’s an international non-profit organization that was formed to develop technology and applications that allow one to accept and process payments as quickly and seamlessly as possible.
The Consortium’s other mandate is to help to expand the user network so as to continually increase CloudCoin’s utility.
That’s where OBN comes in. Our purpose is to facilitate trade through our robust membership network and trading platform, using CloudCoin as a medium of exchange. OBN will go a long way to forward worldwide adoption of CloudCoin.
CloudCoin was chosen because it’s international and blazingly fast.
It is electronic cash, so all transactions are treated the same way you would treat a cash transaction. Unlike credit cards, there are never any automatic voids, refunds, holds, chargebacks, or other unexpected fees.
The easiest way to understand it is to get the idea that CloudCoin has all the benefits of CASH plus a whole lot more.

Fraud protection is intrinsic to CloudCoin. Because of this protection, CloudCoin allows you to trade with people you don’t already know and trust.
This is like an escrow service, which ensures that the CloudCoins are sent only after they are confirmed as legitimate.
The CloudCoin transfer system is also designed in such a way that it cannot be brought down by any government action, or any natural or man-made disaster.

CloudCoin is the only alternative currency that is infinitely scalable.
When you are talking about a currency, this is extremely important.
It means that the system can easily and inexpensively be expanded as needed to service the entire world. NO cryptocurrency can claim to do this.
CloudCoin’s electrical demand is so low that it can be used in remote areas or third-world countries on inexpensive computers and smart phones … wherever an Internet connection is available. It uses so little electricity that a simple solar cell is enough to power it’s use.

CloudCoin is already in over 25 counties, with more added on a regular basis.
Adoption has recently accelerated following an agreement entered into entered into with the world’s largest Public Relations Agencies and Advisory Firm handling alternative currencies, the Transform Group.
This will enhance the velocity of OBN’s expansion to the far reaches of the world, while retaining the unique character of each of its local branch offices.

OBN is international in scope, but operates locally.
It is a community-based program, serving local needs in many different places.
As OBN grows, we will establish branches in cities across the globe, each suited to the community’s local needs and customs.
In addition to benefiting from local trade, and converting waste to profit, members will also benefit from an international network of like-minded business owners from different regions throughout the world.
With OBN, you get the best of local, community-based trade coupled with the advantages of international commerce.

Quick Start

$ 29
99 Per Month
  • Full Networking Privileges
  • Full Barter Privileges
  • $15 CloudCoin Voucher per Active Month of Membership, Redeemable for Use in Barter

Premier

$ 39
99 Per Month
  • Full Networking Privileges
  • Full Barter Privileges
  • Storefront in our eCommerce Marketplace
  • $15 CloudCoin Voucher per Active Month of Membership, Redeemable for Use in Barter

Enterprise

$ 59
99 Per Month
  • Full Networking Privileges
  • Full Barter Privileges
  • Storefront in our eCommerce Marketplace
  • Premier eCommerce Placement
  • eCommerce Concierge Services
  • $15 CloudCoin Voucher per Active Month of Membership, Redeemable for Use in Barter

Frequently Asked Questions

The benefits are many, and are the essence of the Pathways to Prosperity.  Here’s a sampling:

1)  Increase your sales, customer base and new cash business through connections, word-of-mouth and referrals made on the Networking Platform, transactions made through the Open Barter Network and retail sales through the eCommerce Marketplace.

2)  Improve your cash flow by bartering for products and services you normally must pay cash for.

3)  Convert waste, losses and underutilized resources into profits, and increase your purchasing power through our vibrant barter network.

4)  Leverage your advertising dollar and promote your business utilizing powerful member-only marketing tools and resources .

5)  Unlimited potential to earn CloudCoins through barter, to spend in lieu of cash or hold as an investment.

No. A barter or trade exchange operates like a bank, and as a third-party record keeper, that tracks you barter transactions for internal and government reporting purposes. The Open Barter Network (OBN) does not monitor or restrict or get involved in how you spend your money. We are a member based marketing support company.

Yes. Your CloudCoins can be converted into fiat currencies like dollars or Euros, cryptocurrencies like Bitcoin or Ethereum, or even into gold.  This is done by first exchanging your CloudCoins for Bitcoins through BitShares decentralized cryptocurrency exchange, then converting your Bitcoins to your choice of fiat currency or precious metal.

You can store them in several ways.
The first on in your personal wallet.
The second is on what is called a Skywallet, which is a special personal cloud that users can create.
The third way is storing all or some of your CloudCoins on a removable USB for what is called “cold storage.” This method is called cold storage because it is not connected to the computer until you want to use it and plug it in.
Sort of like keeping your valuables in a wall safe and taking them out when you need to use them.
While the CloudCoin system is safe, and transmissions of CloudCoins are safe, if you just leave CloudCoins loose on your computer desktop or in an unencrypted file on your computer, it would be like leaving a bunch of money lying around unattended on your office desk or kitchen table that burglars could steal. With computers these burglars are called hackers.

You can buy CloudCoins, and many people do, but the best way to get CloudCoins is to earn them.
The OBN program has several ways for you to earn CloudCoins and aid in your success.
In short, OBN has been designed to simultaneously improve a business’s bottom line and reduce risk by converting wasted time or resources, into profit (in the form of CloudCoins).

Because OBN uses CloudCoins as ‘barter bucks’, they can be used to buy things from any of the members within the OBN trading network, as well as others participants the international CloudCoin network. 

As time goes on, well there will be ever increasing goods and services you can buy with CloudCoins in lieu of cash.

The CloudCoin network is a newborn baby, but it is already growing in over 25 different countries.

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