How many shares will there be, and how much does each one cost? This can't be an open number, you can't just keep adding more shares.
350 Shares, with 0.01BTC of each shares. Total of 3.5BTC,
54 Shares, 0.54BTC are already has been contributed by you and DebitMe
What happens if a shareholder wants to sell their share(s)? Who sets the price, and who is allowed to buy?
The Market. It is so small to do it havelock way, Actually havelock would charge more than 3.5 BTC. So we will do it ASICMINER. The address is public and here the contributors will be announced. And then we do it publicly through signing a message of shares transfer through the registered Bitcoin address.
Who is going to maintain the faucet list, and make sure it's up-to-date? ie adding new faucets daily, and removing the ones that are dry.
There would be a reporting mechanism like we discussed on the PM. These reports and reviewed and confirmed by me, yours truly. Checking if they are dry will be automated.
Who is going to pick the ad networks? Who is the ad money going to be paid to? Who is going to do monthly reports about this income, and when will it be paid out?
Everything is subject to discussion but I will do the adnetworks, reports and the payouts on weekly basis. So ad networks that pay on monthly basis would be just a "bigger payout". However for a shareholder that wants to help like you, Actually for google ad sense (Assuming we are using it) I would love if you can receive the cheque and be the one turning it to bitcoin and give the payouts I would be happy to give you direct access faucets database and to the information you need to assess reports and honesty of payouts.
There will be reserves of bitcoin for the products we sell, I can't say more about this section in public..
Whose referrals are going to be used on the faucet URLs?
Various, we will loop them for local accreditation, Ask me about this in private. These are inner mechanisms that must not be discussed in public.
Who gets to decide on any large changes to be made? Will shareholders get a say in what happens to the site?
you guys will be 50% and I will consider you the 51%. I mean by that all unanimous decisions will push through. Others will be "considered". For example I chose not to do the timer starting button the way you suggested. The reason of that is to keep the intuitive nature of the ui. If I ever to be given a suggestion that is clearly improve that aspect or requested by the majority of the users. That would be the one to be used. But if it was unanimous among all shareholders, it will push through
If the site doesn't work within 60 days, will shareholders get any of their money back?
It is already working but the link is hidden from the public as I am adding more features. It will work publicly within 3-4 days of the funding reaching the amount. The version on my local machine is NOT what you see there.
Yesterday I added favourites, sort by favourites, and dev mode that I told you about for helping with the database. Also I switched from using cookies to webstorage for dynamic working in several tabs of coin-unlimited. Soon with the api we will have about dynamic working per account. Which means if you just left the office, When you arrive home, Your timers, clipboard, notification will be the same. automatically showing if worked simultaneously, hence you can team up with someone for rapid collection on one "team account".
So yes, They will get their money back. But not releasing for 60 days? I might as well go kill myself.
Please ask as much as you need. I am just here with itchy fingers to code.
Cheers all,
- lophie
