5.9% premine
no thanks OP
The opening announcement, from the very start has shown (in bold text) how much had been allocated and for what reasons. This did not have to be publicised but it was for transparency and honesty.
There will be giveaways, starting over the next few days and we will show, in posts, logs of these transactions.
How you read into the allocation it is up to you but our stance on it is this:
By holding giveaways, combined with a very low starting difficulty and increased initial subsidy for mining, we can provide everybody with a chance to obtain BitNotes easily in the early stages. Miners are absolutely crucial to the mechanics of all crypto currencies, but many posters on this forum do not own, cannot afford, or are unable to obtain the necessary hardware to be able to mine. With giveaways, we can provide everybody with an equal opportunity. All people have to do is post their address in a giveaway thread – miners and non-miners alike.
The bounties subsidy will be for work including web development, artwork/design, but most importantly, updates - which are incredibly complex and outside expertise may be required.
The trust fund, which has been reduced to 100k, is a reserve for the founding members. We have not mined since the launch, nor will do so in the future unless hash rates fall drastically. This message is an also an open invitation for anybody out there who can bring expertise and ideas to the team.
We do not intend to request BitNote is traded on any market sites until it is well enough established as we want this currency to last.
