Vote it will take longer time Every time a dev take good & smart decision would make it far more important coin buyers
That is true, but we also want to be thoughtful, receptive to critique, and not make hasty decisions. I am starting to see that burning will probably be the option, but as I stated, community involvement is important to us, thus the Proof of Action concept in the first place. Also might want to give this tweet a quick peek: Chris
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20 million for development——You hold these coins yourself?
They are currently almost all sold. There are only 8 million left for sale on C-Cex, who is in control of the 8 million. I cannot even send Proz to C-Cex right now if I wanted to as all user wallets are frozen. https://c-cex.com/?p=proz-btcChris.
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its my turn now look this is for 20 million of the 100 million only repeat its 20 million ico sale and he sold like 3 or so on his illegall website setup so there is 80 million others 10 million for them and the rest cex will hold ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) thats pretty misleading saying 100 million sale and only 8 left bro plus the fact you sold initial ico at 250 sat of about 3 million so actual ico is 17 million or so right larry That is actually a good point, I was not clear with that original post! 100 million total coins original ICO on cryptoshoppers 3 million coins sold at 250 satoshi current ICO on C-cex started with 17 Million coins to be sold at 300 satoshi Total ICO coins 20 million for development 60 million coins will be going into public escrow with c-cex Chris
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The ICO is ending Sunday September 6, 2014 at 12:00 noon Eastern time. If there are remaining Prozcoin from the ICO they will be turned into PoA/PoW coins.Also we have decided to let the escrowed Prozcoin be held in an account controlled by C-CEX. We will let it be known when additional coins are taken from there. There was some concern what we will do with the 30% that is unaccounted for. We were holding it to decide if it needed to be used for additional PoA or PoW coins. We though have decided that we will let the Coin Proz community decide to do with the 30 million PROZ. This will be done with an open vote. These funds will also be held in an escrow account by C-CEX. The funds will be visible by anyone at anytime. https://c-cex.com/?p=proz-btc For 30m, destroyed are better choice That seems to be the general response. I imagine once the vote happens, it will probably be unanimous that it gets burned. Chris
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Talked to the C-Cex main dev, and they will be holding 60% of the Prozcoin in a public escrow at all times until anything is either released for the mining blocks, or anything else.
Chris
Can you clarify this a bit? ''until anything is either released for the mining blocks, or anything else.'' is kinda confusing. Oh, if coins were taken from the escrow for a specific cause such as going to PoA mining, or PoA/PoW mining, or potentially a bounty or something like that. Chris
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Talked to the C-Cex main dev, and they will be holding 60% of the Prozcoin in a public escrow at all times until anything is either released for the mining blocks, or anything else.
Chris
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thank you so this hardware is maybe a wallet? it does feel good to get a real answer from you and posibly see you actually agreeing with me makes me feel surreal my computer agrees with me wow lol im gonna risk another question then ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) so you sell this hardware thing and it will make proz coin go up from the proceeds ? i didnt see anything about hardware sales in anything i can remember no numbers that is ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Hey, you asked some legit questions, so it would be rude of me not to answer ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Well, depending on how we execute the hardware, it might be something that gets sold, or someone might buy licensing to use it for their company/business. That will be one of the most solid parts of the Coin Proz infrastructure, as the hardware will indeed have use beyond cryptos. We are trying not to make pre-emptive announcements about anything, but since people are asking, I felt it relevant to give responses ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) When there are more hard deadlines, we will make a clear announcement about the schedule for everything. The necessary pieces are being figured out relevant to the equations. Chris
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so you will use interns for free to staff your crew and share with mastercoin i do say that sounds like some of my previous employer tricks i like it though <=======i state i like what your doing, approve i still say that raising only 30k isnt enough think of the cost just to eat food at some of the partys you will hold for the crew and all it adds up fast how will this coin grow and give fruition to us coinz holders sir? or right now you dont have an answer to this because your organization deployment is too fluid right now can you give some kind of anything to this question from a coinz holder:
With the hardware we develop with the first 30k, we will at least have 2-3 prototypes that will be proprietary. You are correct that 30k is not a LOT for development, but we are going barebones, and trying to be as efficient as possible with capital. Chris
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What was the total ICO quantity? 20 mill? Yes, it was 20 million. Chris
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who is gonna run the mining operation the school teacher guy in virgina just invester curious
Shannon Code has set up a mining operation for us. We also have external help with professionals who run their own pools. Thats gotta be mastercoin ,do they have similiar pool and are adding you to save on costs?Since Shannon works for both teams, likely anything developed for one coin/team will be used by the other. That is one of the great benefits of cooperating with the different development communities. Consolidation of efforts is one of the best ways to efficiently utilize resources. Chris
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Interesting, I hope dev will not disappoint us
We are hoping to make some great strides in crossing the mass adoption threshold. We have no delusions that it will be easy, but we have the resolve and determination to make great things happen. That is why we have all put our names on this project, and are proud to do so. Chris
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u are nothing but fucking black scammers
and the ignorant racist gets added to my ignore list. And everyone is wondering why I don't hang out around this forum ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Anyways... ICO still going strong! https://c-cex.com/?p=proz-btcChris
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I just bought a few thousand of them, I'll be hanging out, checking on how this whole project unfolds.
Thanks for joining the community! I will be doing office hours 3 times weekly, Sunday, Monday, and Friday at 12 PM eastern if anyone ever wants to video chat or just ask questions. Chris Edit: I will be around the boards throughout the week, but those will be designated times set aside for anyone in the community to reach me.
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it looks like an easy sell of the 20 million whats next how is the coin gonna increase all us coin buyers fight till death to pay more and run it up
We will be prototyping some hardware, continuing software development as we have made some major progress with PoA, and then move to executing the major PR campaigns. Chris
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the link dont work oh by the way i did buy 10 of your shares just joking lol coinz so im one of you people now ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) 2014-09-01 20:45:11 Buy 10 If that was you, thank you very much ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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why do I recognize those photographs?
I don't know man...? I would definitely not say I am famous... Chris
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In light of transparency, the Prozcoin Team will have office hours 3 times a week starting next week. This means that during those hours, anyone who wants can contact me on Skype to chat about any questions.
Chris
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