Poll FTC richclub - bad or good idea
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I don’t mean we invest “in” FTC we invest “with” FTC.
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The big question is, do we need physical human identities or do we just need some sort of cryptographic measure of trust. A digital identity with an unfalsifiable ‘rating’ could increase trust without the need to share identity with people. The digital citizen’s ID ratings could be ruined by running a scam. How you’d keep this from being falsified is tricky. But in my mind, the incentive of losing your ‘reputation’ is strong glue in the real world that prevents people from acting out of character, there might be a way to emulate this for digital cititzens.
Considering the needs of ACP decentralization, we would need a “proof” of autonomous personhood. (Real mathematical proof of this is impossible.) Once identified, we would assume that private keys of persons prove their autonomous participation. Decentralized ACP would have to be rewarded, which would also provide the answer to future Neoscrypt ASICs. White market will provide identity checking an pairing of persons with wallets.
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Based on the discussion I think that development and features need to be driven by comunity and developers.
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Based on the discussion I think that development and features need to be driven by comunity and developers.
Sure, but the development cost something (i.e. ACP - 10BTC? for Sunny, GPU miner - 1,5BTC? for Andre…)
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I agree that there needs to be a way to monetise things.
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This means we don’t have dev. community if there is need to buy features and tools… As I know another coins have their own dev. teams that invest in coin in order to increase value of their property…
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I’m thinking about investing with development but here I have seen a lot of good projects that are idle now and were always on the second place because some “nice” reads or scam operations took their place…
But really isn’t time to speak about the past it will be good to focus on the feature and learn from mistakes -
… focus on the feature and learn from mistakes
you said a mouthful there
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I hope Developers should hold 100K FTC and the other team members should hold 50K FTC. :)
We go to heaven or go to hell
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I refuse to hold greater than 25k ftc. Plain and simple. Untill I leave my role as team/staff, I don’t want to have any conflict of interest.
I have me reason’s but I have no qualms with other team members holding any amount they want.
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I’ve got spare time and ideas for FTC and I’m purchasing small amounts every day, but I don’t have the available funds to go out and buy even 50,000 FTC, if this became a requirement I would not be able to be part of the team.
We also then run the risk of making the team a ‘rich mans club’ too where team and developers could put personal short term gains above long term goals for FTC.
Personally I have no issue with team members or devs holding as much or as little as they want as long as we all contribute ‘effort’ towards the same end goal.
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I’ve got spare time and ideas for FTC and I’m purchasing small amounts every day, but I don’t have the available funds to go out and buy even 50,000 FTC, if this became a requirement I would not be able to be part of the team.
We also then run the risk of making the team a ‘rich mans club’ too where team and developers could put personal short term gains above long term goals for FTC.
Personally I have no issue with team members or devs holding as much or as little as they want as long as we all contribute ‘effort’ towards the same end goal.
Perhaps some people yes, but not every developer is as you say. This is just to prove to the user, we work with you together. If you have any losses, we also have.
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I know where you are coming from, a way to ‘prove’ the Devs and team members are committed to FTC, but there are other ways to show commitment other than just monetary commitment.
For example if you are recognised as being an active member of the FTC your personal reputation can either grow or be damaged by what happens with Feathercoin.
If you can afford to show commitment via holding a large amount of FTC that is great, but I think as long as you show some form of commitment to the coin, be that helping out on the forum daily, being acivite for feathercoins interests on our forums or the web, or if you have the skills to help develop the code that should be enough too.
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+1
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I think there’s zero issue having as much ftc as you want. But. If your on the team, maybe 100% transparency with your ftc holdings would help prove to the public that we are committed and accountable.
The light addresses could be perfect for this.
Maybe even a prerequisite to be on the C.I.C
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How would you prove holdings though?
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How would you prove holdings though?
Using white market infrastructure. Karpeles once did the proof of Gox holdings by making an ultra large transfer of bitcoins afaik, but for medium amounts, there is no way to prove holdings unless you have a white wallet.
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Using white addresses I suppose, could easily be exploited. I don’t think there’s anyway to prove who holds what unless we start again… And that aint happening… Although, we could launch the “testcoin” bush has pondered about…
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it would be easy to see how many coins are in a particular address via the api. The proving those are your coins is not easy. :-)
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Using white addresses I suppose, could easily be exploited.
Nope, I think I’ve got it right this time. No relaunch. Just a strictly voluntary white club. I’m working on the newsletter article now, but and afterwards, to cryptonite we go.
