UPDATE

[joel_]

We are studying the project. ATM the biggest differences are:
- different distribution
- long time support
But others could came.
I hope for all the RaiBlocks holder that Colin come back and updates the project often.

@kaselit - good to hear you are bringing raiblocks concept back!

I have a suggestion for win-win strategy with rai's fork:
1) forget about ICO, no one after recent big icos is going to invest
2) code in the fork:
- fees for every transaction - something like 0.01pct/tx size - hardcode it in clients/nodes -> this way, you do not need ICO to sustain development, you will get funds from fees
3) bring back free faucet distribution + take a fee out of every faucet claim (more money for dev team)
- make faucet distribution diff exponential (to slow down new coins on the market in time)
- distribution period should be at least 5y
4) announce total coin supply - I would suggest something around 100mil+
5) announce coin swap: 1:1 rais for new coin => this way, you will effectivelly distribute around 10% of the total supply (if 100mil) right from start and also gain loyal following from original rai userbase
6) announce coin airdrop (at least another 5-10%) before launch to gain new users in addition to original rai's userbase.
7) out of airdrop keep some for the dev team (maybe around 1/3rd ?)
8 ) announce crowdfund for Bittrex listing (3btc) atm - to get listed on launch on bigger&more estabilished exchange.
9) ditch the god damn telegram for chat - most people here are on IRC or Slack so choose one of these platforms and announce discussion channel
------------------------
This way, you:
- do not need ICO & userbase can be sure devs will continue the work in the future, because they'll be paid by tx/faucet fees meaning they need to support long term adoption of the coin to maintain its price to get funds for the development
- you and dev team will have more than enough money for development going forward
- you make original rai's userbase happy with the swap and they will spread the word and be loyal supporters
- you make happy a lot of new people with airdrop - they will market your coin all over
- you make happy faucet workers by bringing faucet distribution back in after mainnet launch

Just my 2c

[cone]

We are studying the project. ATM the biggest differences are:
- different distribution
- long time support
But others could came.
I hope for all the RaiBlocks holder that Colin come back and updates the project often.

@kaselit - good to hear you are bringing raiblocks concept back!

I have a suggestion for win-win strategy with rai's fork:
1) forget about ICO, no one after recent big icos is going to invest
2) code in the fork:
- fees for every transaction - something like 0.01pct/tx size - hardcode it in clients/nodes -> this way, you do not need ICO to sustain development, you will get funds from fees
3) bring back free faucet distribution + take a fee out of every faucet claim (more money for dev team)
- make faucet distribution diff exponential (to slow down new coins on the market in time)
- distribution period should be at least 5y
4) announce total coin supply - I would suggest something around 100mil+
5) announce coin swap: 1:1 rais for new coin => this way, you will effectivelly distribute around 10% of the total supply (if 100mil) right from start and also gain loyal following from original rai userbase
6) announce coin airdrop (at least another 5-10%) before launch to gain new users in addition to original rai's userbase.
7) out of airdrop keep some for the dev team (maybe around 1/3rd ?)
8 ) announce crowdfund for Bittrex listing (3btc) atm - to get listed on launch on bigger&more estabilished exchange.
9) ditch the god damn telegram for chat - most people here are on IRC or Slack so choose one of these platforms and announce discussion channel
------------------------
This way, you:
- do not need ICO & userbase can be sure devs will continue the work in the future, because they'll be paid by tx/faucet fees meaning they need to support long term adoption of the coin to maintain its price to get funds for the development
- you and dev team will have more than enough money for development going forward
- you make original rai's userbase happy with the swap and they will spread the word and be loyal supporters
- you make happy a lot of new people with airdrop - they will market your coin all over
- you make happy faucet workers by bringing faucet distribution back in after mainnet launch

Just my 2c

yes, i agree with you.
however, i'm watching this coin.

[stiffbud]

Maybe keep the ICO but allow old mrai user to convert coins to new coin is a good solution:

Probably we'll accept:

- Mrai, (1Mrai = 0,10$ estimated, about 0.0002BTC )
- BTC

So we can give a good chance and way to all old Mrai user to take advantage from this new coin.

This will be a nice move to attract more people to join the ico sice a lot of users still has a handful of raiblocks left in them. It's provably the best solution to solve the issue from the last coin using the new project.

[bob75coin]

Maybe keep the ICO but allow old mrai user to convert coins to new coin is a good solution:

Probably we'll accept:

- Mrai, (1Mrai = 0,10$ estimated, about 0.0002BTC )
- BTC

So we can give a good chance and way to all old Mrai user to take advantage from this new coin.

Great! I have Mrai!
Will you burn them?

[bitdoger]

Maybe keep the ICO but allow old mrai user to convert coins to new coin is a good solution:

Probably we'll accept:

- Mrai, (1Mrai = 0,10$ estimated, about 0.0002BTC )
- BTC

So we can give a good chance and way to all old Mrai user to take advantage from this new coin.

1 question: so you are investing money to made ico right? so you can do next: make bounty and search someone with colin to solv all probllems  wich hepened with original rai after that take % every faucet climes to take back your investment i think  it will be good then make new ico with raiblocks

[docker]

Another ICO!
Each 15 minutes launches a ICO coin. I am sure i am out

Best post of this thread for now

[sxafir]

Is there will be Ico?

[robelneo]

Maybe keep the ICO but allow old mrai user to convert coins to new coin is a good solution:

Probably we'll accept:

- Mrai, (1Mrai = 0,10$ estimated, about 0.0002BTC )
- BTC

So we can give a good chance and way to all old Mrai user to take advantage from this new coin.

This is a good move and you will good will if you are going to do this,we are stuck on our old mrai some of them have invested their bitcoin to get those mrai hoping there would be continuity of the project ..

[zo35671]

PRE I will pay attention to it

[salmanahmedone]

Hmm, how will we be able to transfer our Rai? Isn't the chain stuck?

The chain of Rai is not in stuck ATM, just no news from dev, rollback seems not happen again

Good News if you can trade our old Mrai to your Raiblock Coin.
At what rate will you transfer old Mrai ? As per my reading above, you will give 0.1$ to one Mrai ?
Thats a hugh price. Mrai is value around only 200 SAT. Why you will pay so high ?

[spiritual3]

Hmm, how will we be able to transfer our Rai? Isn't the chain stuck?

The chain of Rai is not in stuck ATM, just no news from dev, rollback seems not happen again

Good News if you can trade our old Mrai to your Raiblock Coin.
At what rate will you transfer old Mrai ? As per my reading above, you will give 0.1$ to one Mrai ?
Thats a hugh price. Mrai is value around only 200 SAT. Why you will pay so high ?

We won't pay 0.1$ but we will consider it as 0.1$ when calculating distribution

Excellent support.. thanks for the efforts.

[ecawyna]

will keep watching for more announcement

[placebo]

Escrow needed? contact me.

[x13]

Watching 

[tusandii]

holy molly!! another ico

well keep an eye on democracy, im in

[nyteo]

holy molly!! another ico

well keep an eye on democracy, im in

any update dev?

[nyteo]

holy molly!! another ico

well keep an eye on democracy, im in

any update dev?

We have a senior developer.

sounds good

[Byte16]

Since coin name is Democracy, will it have something like Bitcoinocracy voting system?

[spiritual3]

holy molly!! another ico

well keep an eye on democracy, im in

any update dev?

We have a senior developer.

sounds good

expecting more information shortly.....

[freepick]

Maybe keep the ICO but allow old mrai user to convert coins to new coin is a good solution:

Probably we'll accept:

- Mrai, (1Mrai = 0,10$ estimated, about 0.0002BTC )
- BTC

So we can give a good chance and way to all old Mrai user to take advantage from this new coin.

So because this more still people buying mrai with 180 sat per Mrai

Question pls answer
You are the dev right, i know you holding so much mrai and buy it around 350 sat? wll you participate in ico with your Mrai funds? or no?
I guess you have more than 1 million mrai, if 1 mrai = 0.0002 you already have about 200 BTC

Too much Mrai holder and they buy it below 400 sat, they got so high profit if you make it 20k sat