It doesn't matter if it's two forum members, the important thing is that the process is provably secure from any point of view. I'm telling you right away that there won't be thousands of dollars or expensive notaries/lawyers involved in securing the premine, even if the IPO was 200 BTC and I had extra cash to burn, the security is built in to the protocol and there are ways of making it foolproof for everyone involved.
I actually know nothing about bank vaults, the rules you can apply to them and the strength of those rules. I have a
bit of experience about dealing with decent amount of money. When both party want's to be safe, they get it well documented by authorities so that nobody get screwed easily. That cost money. The point I was trying to make is that I wouldn't trust the Pre-Mine Protection unless it's professionally handled. I’d be willing to donate for such a project/kick-starter type thing, and I wouldn’t be the only one. I have a feeling the media would be all over this as well. The first Nation-coin with a solid protection.
We'll outline a plan of action and you can then find the flaws if there are any and force us to correct them before proceeding. One way of making it more credible overall was to get the assistance and approval of a well known person in Montréal, a celebrity or ideally some kind of well known tech figure.
That’s great. I was even thinking maybe a business like Vault Of Satoshi (yes, I’m bringing up VoS again lol)? Or something similar that has so far proven their legitimacy in the crypto world might be interested in being the "protector" of a portion of a nation pre-mine. It would definitely bring them great publicity and customers.
That way it's not two guys from a forum. If that's still not enough, I'll reimburse you your IPO investment and you will be able to put it into a project which will meet your required standards.
I hope you’re not being hurt by what I’m saying? I have a strong feeling you’re not new around the Interwebs, and you know exactly the point I’m trying to make. Being a Quebecer, I’m extremely excited about QBC and I will be talking my friends and family into it. I’m even thinking about participating and helping with what ever I can. Something I haven’t done for any of the coins I own. But I cannot invest the amount I would like too knowing how easily I can be burned. Same with friends and family; I couldn’t but give them a big warning.
50% of the coins! That’s a whale from outer space. Don’t you feel a bit unsafe knowing that this is a major target if the coins reaches any kind of decent value?
There's no reason to cringe at my promises, almost every nation coin developer has been anonymous so far, I'm not trying to be and I'm doing more than anyone so far to secure the pre-mine. No one is perfect, but my jaw dropped with disgust when I heard about the Aphrodite coin dumps if that's any indicator on how I feel about human nature. That's why I'm so enthusiastic about making people feel secure about the entire process.
As far as I know, you’ve only discussed it on the internet so far. I agreed that it brings QBC ahead other nation coin, has they did not discuss this at all(?). But in reality, chatting over the internet doesn’t mean much. Baby steps of course. There’s also the fact that the protection will only (if it does) kick in post launch. Leaves more rooms for “accident” to happen. I’ve red countless hours of stuff like
http://www.419eater.com/html/letters.htm. I guess it really left a mark on me. And I’m sorry - It’s nothing against you - nor against any other nation coin developer. Be it anonymous OR NOT, I hardly trust anybody that I do not know at a personal level.
The Current state of crypto currency is high risk / high reward game. When you add a 50% pre-mine it becomes an extreme risk, still high reward. That’s how I see it. I’m in this for 45$ fucking dollars…… Yet I feel like to care a lot about this coin. If it wasn’t for the added risk of an IPO/Pre-mine, I’d be in for a lot more than 45$. And I mean a LOT more.
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