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

lizhi

Our Team is great,but our project needs money.We want the money to hire staff.I would suggest selling three million FTC from the block chain.

Those FTC block will sales to anyone.
Sales revenue is used as Official Development Fund.
Team will give priority to the purchase, and then sell the remaining portion of the members.
Funds will be strictly managed.Funds for project development and promotion.

This is a more effective solution than donations and PoS. Once hard fork will complete the sales process.

This is just my an idea, Do you agree or oppose , please let me know. :)

mirrax

you can not just sell random FTC straight from the block chain as you do not have private keys, or am I missing something?

lizhi

We can create these blocks record by artificially.

kris_davison

Its like a premine but while the chain is live. I’m not keen on the idea. Plus 3million extra FTC appearibg for sale would push the price right down.

lizhi

Its like a premine but while the chain is live. I’m not keen on the idea. Plus 3million extra FTC appearibg for sale would push the price right down.

We purchased a block not generated ,Similar BTS,XCP. We do not extra FTC , no increase in the total.

I think this is a very important thing, which determines the future of the organization .Foundation will unify the management of the affairs of the world FTC.

rob_1990

I think this is a bad idea. It is showing everyone that we can manipulate our block chain for our own benefit. Loyal miners and supporters will not like this, Feathercoin haters will jump on the negative side of this.

MrWyrm

Nope. I don’t like this at all.

lizhi

I think this is a bad idea. It is showing everyone that we can manipulate our block chain for our own benefit. Loyal miners and supporters will not like this, Feathercoin haters will jump on the negative side of this.

We are all in the same boat.Our goal is to obtain profits.To this end, our hard work.

So we should build a strong organization.It is a East India Company(Britain’s history and the company has a great relationship),it belongs to us.

Wellenreiter

Sorry, but I’m also no fan of that Idea.

It will create negative response and hurt Feathercoins reputation.

kris_davison

Your right about having to work hard and a need to make Feathercoin a strong organisation. I think that in time all the hard work will be rewarded by the survival of the coin and it being used.
Not all payment is financial but I believe it will also play a part. :)

MrWyrm

You can’t print money with Crypto currency and that’s part of the core ethos.

kris_davison

I guess that’s part of the reason Feathercoin exists, to get away from centralised control. If we need to raise capital for development etc I think it needs to be done separately otherwise we may undermine FTC as a stable currency.

Bitcoin

Horrible idea.

Davereplicant

This isn’t devcoin. Almost as scary as you having 51% of the hashing and your obvious glee at the death of graphics card mining.

Free Tibet instead.

MrWyrm

Not sure the purpose of that last sentence, but I don’t think it was called for.

pyxis

Oppose, that idea would be very bad for feathercoin.

lizhi

Well, My teammates, we are in the same boat. Maybe you have a better way.

See other alt-coin. We have a lot of challenges. I do not want to do nothing.

How about we set up a pool where x amount goes towards ftc bounties?

lizhi

New idea:

We need FTC side chain. 3 million FTC will write into FTC side chain. They will be locked in side chain after the sale is completed. Those FTC in the side chain can be freely traded,but But they can not enter the main blockchain. Those FTC will receive an annual interest rate of 25% every year.

After a number of conditions are met,eg:4 years later, Those FTC in the side chain will be able to enter the main chain.

This is similar to an investment incentive. This will be a technically challenging.

Bitcoin

New idea:

We need FTC side chain. 3 million FTC will write into FTC side chain. They will be locked in side chain after the sale is completed. Those FTC in the side chain can be freely traded,but But they can not enter the main blockchain. Those FTC will receive an annual interest rate of 25% every year.

After a number of conditions are met,eg:4 years later, Those FTC in the side chain will be able to enter the main chain.

This is similar to an investment incentive. This will be a technically challenging.

Are you serious?lol