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Title: Pre-mine idea Post by: AliceWonder on July 18, 2014, 04:33:26 PM I'm not making a coin.
Just an idea to float out to those who are making them (and please don't without good reason) 10% pre-mine but the pre-mine is locked, blockchain won't allow them to be spent. Every X blocks, where X is the typical number that would be generated in 3 months, 1/12 of the pre-mined coins are released and can be spent by the devs. This would prevent a pump and dump as it would take 3 years for all the pre-mined coins to be made available and would incentivize the devs to keep the project on track - if the coin goes down the dumper, then the value of the coins in the pre-mine go down the dumper too before they can be sold. But for the first 3 years of development it could inject much needed dev funds to the dev team if the coin does well. Thoughts? Title: Re: Pre-mine idea Post by: spud21 on July 18, 2014, 05:16:13 PM It sounds good to me. The dev gets paid based on long term performance.
Title: Re: Pre-mine idea Post by: KimNam on July 18, 2014, 06:52:00 PM interesting idea, so devs will get premined coin little by little amount until 3 years
if the devs are really want to develop that coin and make them success, i'm sure they will gladly accept this idea but, scam devs won't, they just want get quick profit by dump their own coin :( Title: Re: Pre-mine idea Post by: YarkoL on July 18, 2014, 07:11:50 PM I think the idea is worthy of consideration. Now how to implement it?
NLocktime? or script? Title: Re: Pre-mine idea Post by: AliceWonder on July 18, 2014, 07:22:08 PM 12 different special addresses at start. Blockchain does not allow address A to be used as an input until Nth block, address B unitl 2Nth block, etc.
Title: Re: Pre-mine idea Post by: YarkoL on July 18, 2014, 07:24:42 PM I see!
Great simple idea. Title: Re: Pre-mine idea Post by: spud21 on July 18, 2014, 07:32:15 PM Simple ideas are often the best and also the most difficult ones to think of.
Title: Re: Pre-mine idea Post by: Willisius on July 18, 2014, 07:42:14 PM I think nLockTime would do this perfectly.
Title: Re: Pre-mine idea Post by: YarkoL on July 18, 2014, 10:00:05 PM I think nLockTime would do this perfectly. that would work, but hardcoded addresses in the source are easier to understand by the users, and everyone can check their state from an explorer. nLockTime is a bit more exotic, even though it has been there from the very beginning. Title: Re: Pre-mine idea Post by: d5000 on July 18, 2014, 10:04:35 PM Even better would be a increased "dev bounty payout" rate.
Example: at start = devs get nothing, after three months, 1%, after six months, 2% more, etc. So they will only really benefit if they really maintain it long-term. Title: Re: Pre-mine idea Post by: YarkoL on July 18, 2014, 10:06:52 PM Even better would be a increased "dev bounty payout" rate. Example: at start = devs get nothing, after three months, 1%, after six months, 2% more, etc. So they will only really benefit if they really maintain it long-term. I think dependency on market valuation would provide greater incentive to work hard. |