\[Note\] Discuss : Sale 3 million FTC for Official Crowdfunding
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I liked better my idea of integrating an payout to dev for each X blocks one block with an set sum is dedicated to dev adress. make it a total of 1% over the whole period.
That would leave more than enough headroom to develop the coin further.
Its also less volatile vs just forking the chain with an false million value block, which would be seen as propper manipulation.
My idea is more of an overall blockchain “fee”, where each time an payout comes, the comunity can be an part of deciding what the funds are supposed to support of project, and 100% transparancy regarding showing that those funds actually goes to those things.
If this was implemented from the getgo, no one would raise an eyebrow, but given that its an “small sum” each X block your not looking at an instadump thing. but i see it could create an small storm on chats either way.
But at least that will blow some freaking wind in the sails and let feathercoins be on peoples mouths again!
Lets make some waves in the ocean !!!
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What is the money used for?
The recent price fall seems brother a lot of people.
But I am prepare to have 100% lost in Crypto-currency . Are U?
We cannot control the price, let market determine it. If it go to significantly (or unreasonably) low. Someone will buy . Don’t worry ^-^
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I buy some at 0.00007
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Svenn, are suggesting changing ftc to collect an additional tiny additional fee per transaction and this goes into a ftc bounty pool controlled by the community?
If you are, I don’t mind the idea of that…
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Additional fee is a good idea, I thought of that method, so I want to exchange remarks charges.
https://forum.feathercoin.com/index.php?/topic/7260-about-ftc-pay-remarks-a-very-far-function/
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Svenn, are suggesting changing ftc to collect an additional tiny additional fee per transaction and this goes into a ftc bounty pool controlled by the community?
If you are, I don’t mind the idea of that…
Anything it takes to create first small, and then big ftc pool and then also fiat pool to make sure that we can guarantee minimum prices and sell ftcs to investors with buyback options. Buyback cases would generate the profit from which the staff could be paid.
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… ftc bounty pool controlled by the community …
I would even say that a fee is not fast enough to solve the problem. We should do post-instamine. A premine does not have the bad qualities of a premine if there is a solemn and fullfilled promise it won’t hit the market unless the price rise is too fast, and if there is a promise that fiat thus earned will be used in no other way than for guaranteeing the minimum buyback price.
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The success or failure of the project, have how much money we have decided .
I propose three ways
- Auction Or subscription - The sale of the 40% coins
We will get the development, marketing of funds.
2) POS - Issue 30% coins
Improve the efficiency of the system.
3) POW - Issue 30% coins
Give some consolation prize.
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I’m still not a fan.
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Me neither
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This is not be a divide the team.But now we have a huge difference with investors view.
I just say what they want to say on behalf of investors. I have reason to worry. Some may freely and slowly work. This may not be the investor is willing to see.Investors want to see the birth of a strong team.
Therefore, we need to unite everyone.
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After prices fell 98%, I do not want people to think the team is indifferent Jesus.I think this project is to make people money,If everyone is a loss, what is the meaning of its existence.
Now I don’t know what communism and capitalism has different. :-
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We can make money, but not at the expense of our core values. Money should be the net result of our hard work.
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We can make money, but not at the expense of our core values. Money should be the net result of our hard work.
I don’t want to challenge our core values. But I can’t see anything wrong with that.
When you honest on their own time, then this world no one deceive you. ^-^
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I think one of the main reasons this is a bad idea is because this is what governments do when they want to raise capital. Printing more money with the effect of reducing the value of the money already in circulation.
Also it goes against the principal of the blockchain being sacred if we can make changes to how many coins are created for the benefit of the coin today then what would stop us doing this again at any other stage. Its a trust issue and we need to be very wary of making any changes at all to the number of coins or the rate at which they are released as these are our core values these are the laws of feathercoin. Everything else is up for grabs though
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I’m really against trying to manipulate our price.
I know a lot of people are going to think of me as a hypocrite, liar or maybe just crazy but… I don’t care about ftc’s price. If we are worth 1c but also are technologically more advanced and is actualy been utilised for it’s features in the real world, then I think we’ve acheived our goal.
It’s easy to argue that we should be worth at least 30 to 50 US cents right now. I completely agree, but with that said, the last thing we should be spending time, money and effort on, is manipulating our value.
Value manipulation is one of the qualities of fiat were are trying to get away from.
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Value manipulation is one of the qualities of fiat were are trying to get away from.
+1. I now desist from my earlier instamine proposal. General FTC network should remain anonymous and decentralized (free market). I’m sure that hard work and dedication will prevail, as Calem said. But that also means we have no way to conjure up 3M coins for any purpose. We have to buy them or mine them.
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Or create a means of income that is funnelled into FTC dev etc? (There are some irons in the fire on this one but more are needed.)
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We have a number of options which we could use.
- Printed sales like T-shirts or graphics design.
- Music via Bandcamp.
- Ad revenue via youtube
- Community owned exchange (hosted on Neoscrypt.com)
- Ad revenue via website (Neoscrypt.com could be used for Neoscrypt specific development)
- Community owned pool. (Neoscrypt.com could collect fee’s for individual coins)
- Maybe even introducing a new fee based on tx size.
This list is nowhere near exhaustive but there are many ways we can generate USD or BTC for ftc development.
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I’ve been looking into t-shirts and other branded merch. :) I will unveil when it gets to beta stage!
