\[Note\] Discuss : Sale 3 million FTC for Official Crowdfunding

lizhi

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. :-

MrWyrm

We can make money, but not at the expense of our core values. Money should be the net result of our hard work.

lizhi

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. ^-^

kris_davison

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

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.

panoramix

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.

kris_davison

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.)

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.

kris_davison

I’ve been looking into t-shirts and other branded merch. :) I will unveil when it gets to beta stage!

lizhi

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.

This is a good start.

This is the list I hope to have begun work before the years end…

After Neo, I believe this is our best course of action… (In regards to generating a continuous supply of funds for development)

Maybe swap out the exchange idea for the Cryptonit one in place for in wallet cross crypto exchange… but yeah… something along those lines… it needs to be discussed fully but some sort of roadmap is in the works.