Investing in Feathercoins
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I’ve proposed the creation of a CIC, a Community Interest Company. The hope would be that the company would be used to help fund and accelerate development. It would be able to legally handle donations and assist developers and the community whilst providing an extra layer of trust.
How is CIC different form rich club? It seems to me like the same.
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CIC is bound by laws in the UK and gives a legal standing for an entity to hold funds for FTC, not just a person, although I had not read up into yet, but I’m sure others could give more detail.
A rich club would not have to be bound by such laws.
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A community interest company is a business with primarily social objectives whose surpluses are principally reinvested for that purpose in the business or in the community, rather than being driven by the need to maximise profit for shareholders and owners.
A CIC is accountable, if the CIC fails to meet it’s intended objective as detailed in it’s incorporation it can be shut down. The CIC would represent the community and not just an elite few. The CIC would have an ‘asset lock’, allowing it to invest in equipment and other assets which are locked into the company, in the event of closure these assets would be transferred to a charity named at incorporation.
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Well said MrWyrm, that’s what I was trying to say. :)
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whats CIC stand for?
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Community Interest Company
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This wiki link tells you all about what a CIC is
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Wow that seems pretty complex but likley no more so than a normal company. Although there seems to be an annual fee which is charged when you submit your annual report which is mandatory. It could work though :)
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What? registering with authority? asking their permission? help me out here, I’m very tired, is that what I’m reading?
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What? registering with authority? asking their permission? help me out here, I’m very tired, is that what I’m reading?
Not feathercoin itself.
An interest group that can be used to help and promote feathercoin, but the CIC will not own feathercoin, nor be held responsible for feathercoin.
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Think of it more of a gateway between the old and the new world if that makes it easier to swallow. Whilst there are merchants, suppliers, general public or developers who deal in fiat we need an organisation which adds an extra layer of trust and can exist within the boundaries of the current law where we operate. Because for most people, handing over their cash, donating or dealing with faceless organisations is still a worry.
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Not feathercoin itself.
An interest group that can be used to help and promote feathercoin, but the CIC will not own feathercoin, nor be held responsible for feathercoin.
This is an important point. Feathercoin the technology and Feathercoin the ‘foundation’ would be two very separate entities. But the hope would be that the foundation could better facilitate donations, because of it’s accountability. The foundation would be there to assist, and nothing more.
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Huston, 2005, p. 51, sec. “Amplifying approach”, second paragraph:
“Philosophically, this exploration requires a shift in our focus: away from pushing against
republican systems to pulling ourselves toward a new, higher-level political system.” -
panoramix, sorry, could you clarify what you mean by that please? :)
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Huston, 2005, p. 51, sec. “Amplifying approach”, second paragraph:
“Philosophically, this exploration requires a shift in our focus: away from pushing against
republican systems to pulling ourselves toward a new, higher-level political system.”Boom epic quote!
Ignore them, build the trust around the network, surely you shouldn’t even be considering building bonds to FIAT worlds?
You all keep clinging to a corrupt and dying system, and it is dying.
A new system requires new rules
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panoramix, sorry, could you clarify what you mean by that please? :)
That was my response to Flodbeth’s polarizing post against “authorities”. Jan Huston invested a lot of time and thought into the design of desirable sociopolitical system evolution and distilled it into a paper. So instead of discussing for years, we can just achive a lot of shared understanding by reading the paper. That’s work he has done for us, without knowing who we are.
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Link then please ??
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I already provided the link once, in “Off topic” section. But I consider this is not so much off topic for us, considering that I know of no other [r]evolution theorist with the same level of dedication, and I did search. Nick Bostrom from Oxford is damn good, probably better than Huston, but his studies are on higher level and not directly concerned with sociopolitical [r]evolution. Here is the link:
http://www.jfs.tku.edu.tw/10.2.35.pdf
Jan Huston also published an earlier paper in 1992. Since then, the things he said are looking less and less like fantasy and more and more like reality.
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You did not find reason. If our development, marketing, there is good progress, the price is likely to stabilize.We need to avoid the problem of the exchange center.They may increase the coins in the trading system database,Then sell coins, profit interests.So I’m interested in NXT methods,BTSX is also a good choice.
In addition,I think we need fund for paying devs.
