2007 - 2021

How Scotcoin and The Scotcoin Project can be the fuel to underpin a vibrant and remodeled Scotland

Scotcoin.

Sounds a little like Bitcoin, right? And it is. It is a digital currency. Most importantly, it is Scotland’s own digital currency.

But – and here’s the giant caveat – Scotcoin is linked to The Scotcoin Project CIC.

It is what’s known as a ‘community interest company.’

This means it occupies a space of charity.

Its job, if you like, is to contribute to a better Scotland.

That’s where any comparison with the likes of the big crypto players like Bitcoin and Ethereum ends.

Because – let’s be honest – they’re just mechanisms for acquiring wealth albeit in digital format.

They sneer at those of us who didn’t buy Bitcoin (BTC) at $100 when it now sits at $40,000+.

There’s that hippie trope buried in there about ‘sticking it to the man‘ with crypto and its decentralisation of the banking process. Peer-to-peer transactions where banks are side-lined.

But these people don’t want to play anything forward. They want to sit and admire digits on a screen.

If you’re ever looking to encounter the hyper smug then look no further than major Bitcoin holder accounts on social media.

The ones that have been ‘in the game’ since the 2010s.

Charity? They wouldn’t give you the steam off their digital wallets.

What we have in Scotland and with Scotcoin and The Scotcoin Project CIC  is different. It’s why we’ll invite you to join us a little later.

Pull up a chair, share a drink and let us tell you our story.

Scotcoin was established in 2013 – making it one of the oldest country cryptocurrencies in the world.

It was set up in anticipation of Scotland voting ‘yes’ in the 2014 referendum.

After that energies around it subsided and the IP was acquired by two Scottish businessmen.

To this day they have nurtured the currency on a long and demanding road which will finally lead it to being listed on an exchange, likely this year. Practically, this means it will be possible to buy ‘SCOT’ on one of the biggest exchanges in the world.

The security protocols  are being immaculately observed.

‘SCOT’ has the top tier security clearance from crypto security experts, Hacken and has been verified on Etherscan.

A fee-free Scotwallet has been created, eliminating one of the biggest objections to crypto currency. (Complaints about ‘gas’ fees are widespread in the crypto community.

 

So, what does it mean for Scotland to have its own digital currency?

What difference can it make?

Short answer, lots.

Here’s a micro example of Scotcoin and The Scotcoin Project CIC in action.
We learnt of a quantity of sportswear that was to be incinerated by a third party clothing manufacturer; we offered them Scotcoin as a payment and delivered the clothing to Emmaus Glasgow – the homeless charity.

Result?
Individuals in need of clothing got clothing.
The manufacturer benefitted by acquiring Scotcoin.
The environmental damage done by incineration didn’t happen.

Each party got something using Scotcoin as the delivery tool.

Imagine hundreds, thousands of interactions like these.
The difference it could make.

The difference we could make together.

It doesn’t end there. We can use Scotcoin as a means to help the unbanked – a vast swathe of the population who are marginalised simply by not having a bank account.

If you’re looking for a case study let’s look at Switzerland. They adopted a complementary currency called WIR in 1934, which functions as a digital currency. Some 70,000 outlets take WIR; some 600,000 use the currency. It can be used in conjunction with the Swiss Franc as part of a dual-currency transaction.

So, Scotcoin and Pound? Yes, why not?

Everyone invested in Scotcoin and The Scotcoin Project CIC is invested in fueling a better Scotland.

A quantifiably better Scotland. And we believe Scotcoin can be a key driver to achieve this.

That’s why we’re inviting you to join us.

It will cost you nothing.

Even a micro commitment like signing up for a Scotwallet (digital wallet which will hold Scotcoin) helps.

If we encourage more businesses to sign up to take Scotcoin then we make the network bigger and therefore the good that can be delivered greater.

Right now with Scotcoin you can: buy a pint; buy a painting; get your roof repaired; buy a book; hire an IT expert; buy sustainable products. The list and sectors are growing daily.

This is a moment in Scotland’s financial timeline. We are all gifted the opportunity to harness this digital entity, the portal through which The Scotcoin Project CIC can deliver multiple benefits to Scotland and those in need here.

We’ve not even touched on our Green agenda. Ethical search engine company Better Internet Search and ethical travel portal Azolla have committed to using Scotcojn as their native onsite token. Both are Scottish-based. At this precise moment we are looking beyond Scotland to a Scotcoin-driven initiative around the environmental damage done by the palm oil industry, where Scotcoin can be used to subsidise workers who are otherwise forced to be part of the deforestation process in the Congo.

Scotcoin and The Scotcoin Project CIC are also open to talking and engaging. Contact details below. We realise this is about having a conversation with the nation.

Finally, let’s focus on the most important ingredient here. Scotland herself. A country that has proven her ingenuity and vision over decades. Her sense of community. Her sense of social responsibility. Our home.

Slainte.

You can get a free Scotwallet at: www.scotwallet.com

If there are any questions you’d like answered about Scotcoin and The Scotcoin Project then mail us at:
[email protected]
You will get an answer.

Website: www.scotcoinproject.com

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Comments (9)

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  1. Jim Ferguson says:

    maybe we could abolish the idea of means of exchange and accept the fact of existence. Idiotic to suggest one money system is better than another. Think deeper!

  2. Mr Irememberthisfrom2016 says:

    I’ll just leave this here:

    https://www.rt.com/shows/keiser-report/357843-episode-max-keiser-961/

    *Skip to 14.04*

    This is a seems very much like a private venture for private profit…

    1. Jon Richards says:

      In terms of Scotcoin and The Scotcoin Project CIC, here are a few points:

      Scotcoin is linked to The Scotcoin Project (itself a community interest company) – making money is not the object of any CIC; adding value to the community is.

      Charity registration is in hand with the OSCR (Office of The Scottish Charity Regulator).

      To date, the management of Scotcoin and The Scotcoin Project CIC have taken no salaries, fees or even expenses with
      around £400,000 of their own money invested in helping to deliver a digital currency for Scotland.

      Scotcoin and The Scotcoin Project CIC offer tools for change for Scotland as part of a digital economy; levers that can be used to contribute to a better Scotland.

  3. Robbie says:

    Bittie dodgy I would say

    1. Jon Richards says:

      In terms of Scotcoin and The Scotcoin Project CIC, here are a few points:

      Scotcoin is linked to The Scotcoin Project (itself a community interest company) – making money is not the object of any CIC; adding value to the community is.

      Charity registration is in hand with the OSCR (Office of The Scottish Charity Regulator).

      To date, the management of Scotcoin and The Scotcoin Project CIC have taken no salaries, fees or even expenses with
      around £400,000 of their own money invested in helping to deliver a digital currency for Scotland.

      Scotcoin and The Scotcoin Project CIC offer tools for change for Scotland as part of a digital economy; levers that can be used to contribute to a better Scotland.

      1. Mr Irememberthisfrom2016 says:

        A digital currency with its Intellectual Property owned by private individuals. *not for private profit. Indeed.

        The CIC is separate as you say.

        Who benefits if the price of Scotcoin rises? I’d suggest those who currently hold the most. Who might they be I wonder..

        1. jonathan richards says:

          Short answer: people in Scotland in need.
          The big picture is to create a vibrant and strong Scotcoin so it can have maximum impact and do more good.
          It’s that simple. A stronger Scotcoin with more users and outlets drives up value in the currency and in turn makes it more dynamic.

          Right now everyone reading this article is invited to join and will get free Scotcoin in the process. The direction of travel is to offer the experience to everyone who might be interested. Plus, let’s not forget: the owners are currently -£400k on bringing this to fruition.

          It’s your call whether to engage or not.

          Some may feel Scotcoin is not needed. The counter argument is: in the 21st century when a new form of money has emerged and is already trading billions of dollars then to not be part of this new landscape is damaging and blinkered. Crypto isn’t going to suddenly disappear: as recently as 2017 JP Morgan dismissed Bitcoin; now JP Morgan offers access to six different crypto funds.

          For those intersted a free Scotcoin wallet is available at: http://www.scotwallet.com

  4. SleepingDog says:

    I would be extremely sceptical of a digital currency whose website’s only mention of energy usage is that it is ‘negligible’. Rather like people who would rather you didn’t think about all those carbon emissions and worker rights abuses the UK offloads onto China for manufacturing the goods the UK imports, the ScotCoin bunch seem to leave off any uncomfortable questions from their FAQs. And as cryptocurrencies’ energy costs for mining and transactions can only exponentially increase through continued extraction, as I understand it, and their environmental impact is currently atrocious for no reciprocal gain, I would guess the days of such schemes are numbered.
    https://en.wikipedia.org/wiki/Cryptocurrency#Environmental_impact

    I would have to agree that this seems an old-fashioned cul-de-sac of money-oriented ideology, rather than the basis for a sustainable future, as the first commenter (I think rightly) points out.

    1. jonathan richards says:

      The energy required for Scotcoin – this once proof of stake is confirmed with the Ethereum network – is the equivalent of the energy consumed by 12 tumble dryers on a daily basis. So this is roughly going to be around 27-30 Kwh per year. It’s clarification we will add to the Scotcoin website at http://www.scotcoinproject.com.

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