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If the desire is to raise funds for development there is a clear way for this to be done and that is for either a fixed or % based fee be added to every and all transactions the network performs.
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Slowing down the emission is a good idea to distribute the coin for longer period. We can achieve that by increasing the block time from 1 min to 3 min. We can implement that with 1 second block time increase per week. When XMR is adopted more in commerce, we can reduce the block time slowly, from 3 min to 1 min. The main reason to do that is that I found there is no transaction in most of the mined blocks.
Adjusting the emission in anyway is a terrible idea. I don't know if those suggesting it are simply selfish, incompetent or just have an overwhelming sense of grandeur. |
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I think your entering very dangerous territory by suggesting changes to core features of the coin. MEW will have significant power over the DEV team since holders can effectively collude to blackmail DEV's into following their suggestions since other wise they can dump coins and slash market prices.
MEW's role should be in helping the economy grow and business' develop not in suggesting changes to the core fundamentals of the coin. For better or worse the emission curve and block rewards are what they are and that is how they should remain.
If you actually knew about MEW, these kind of blackmailing actions are forbidden and wont ever be tolerated by its members. Be careful who's posts you decide to jump on. Not everyone is a troll. |
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I think your entering very dangerous territory by suggesting changes to core features of the coin. MEW will have significant power over the DEV team since holders can effectively collude to blackmail DEV's into following their suggestions since other wise they can dump coins and slash market prices.
MEW's role should be in helping the economy grow and business' develop not in suggesting changes to the core fundamentals of the coin. For better or worse the emission curve and block rewards are what they are and that is how they should remain.
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Why did it even come to a court case?
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According to Zach the retainer has been paid so that should be it as far as bonus stealing goes.
Now you just sit back and wait 6-12 months and see how much Zach/LRM gets fined.
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As per the bonus, that was not a regular thing, just the fact that a retainer had to be put up for lawyers to handle the case and that was not built into the operating budget.
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So, I was correct then. Your retainer was paid for, in some part, with the bonus that would have otherwise gone to the very people the suit alleges you harmed. Whilst you are correct and it is annoying - it is also unsurprising and something everyone should have expected if a case was ever filed vs LRM. Nobody should be feel wronged by divs being used to pay a retainer, since you expressly agreed to it in both contracts. There are many things to be pissed at zach for but that is not one of them. |
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I cannot speak about the lawsuit as unfortunately, my hands are tied. I am giving it my full attention to make sure everything goes as best as possible for the company and all those who would be affected.
As per the bonus, that was not a regular thing, just the fact that a retainer had to be put up for lawyers to handle the case and that was not built into the operating budget.
I apologize for any ill feelings or inconveniences this has caused.
Sincerely,
Lab_Rat
Why did it even come to a court case? |
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This sounds interesting - can you elaborate further?
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We have been on a repeating cycle of 3 days growth, 2 days consolidation rinse and repeat since the bottom. This although the biggest correction is right in line with the uptrend pattern. If the pattern holds price should stabilise around .0047 before pushing .0055 on Tuesday.
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I think it's time to tell shareholders how this case came about Zach. I feel like if you are stopping bonus payments (even for one week or two here and there) then you owe people a thorough explanation after they trusted you.
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I don't blame you guys for filing at all - if Zach didn't uphold his side of the agreement in your eyes you have every right. Of course it sucks because Brandon (Bargraphics) is not suing for the money (although the rest of you might be) he is suing because he wants Zach to pay a huge price for deceiving/messing him around.
FWIW I assume this reaches settlement before it goes to a trial date, I can't imagine Zach wants his bonds/contracts whatever dragged through the court system if he can avoid it.
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Brandon's intention is almost certainly to burn the company to the ground and then go after Zach's personal assets - he isn't playing games. Something went sour, this suit is the result.
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There won't be any details about this except what is made public via court documents posted online everyone is under NDA.
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That's Game Over guys - LRM is dead. Brandon will not see this company wind up anywhere except totally bankrupt and Zach will be paying the lawyer fees from your dividends.
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Pre-hearing conference with MSO was supposed to be yesterday, actual hearing on the 3rd October. any one know if details of pre-hearing get posted to an online database anywhere?
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LRM contracts now valued at less than 0.0027 by 'the market' . . . maybe it's time for some details Zach because clearly contract holders did not interpret your good news as good news.
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Don't forget you still owe us a more detailed update.
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If you can estimate the adoption rate then it would simply be the point in time at which adoption and emission curves intersect. Pretty sure Rpitila has all the numbers to do this if he hasn't done so already. I would ballpark it at around Dec-Feb.
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