Alright here is what we think about the spreading:First of all calculation basis:
We have about 650 people for the mail-giveaway. Lets say we will get 1500 till launch (the possibility to apply will end some days before the launch).
If they get a 10% block of EXO each valid mail address would get: 100,000,000 * 10% * (1/1500) = 6,600 EXO if there are less people than they will get maybe up to 10,000 EXO (=1000 people). We think that is about to be a realistic scenario.
Early-bird expectations (as it is now):
(your_amount) / (all_investmentsBTC+LTC) * 100,000,000 * 15%
with all_investments: 156.97 BTC + 663.73 LTC (lets assume 1BTC = 40LTC) == 173,56 BTC round it up to be 175BTC
if you invested 0.1 BTC then you would get 8,570 EXO. That is just (nearly) exactly in the middle of what we would expect that one single mail address would get.
We do not like to change initial promises like the spreading plan. However, I guess everyone must admit that a registration on a website cannot count like a 0.1 BTC investment as early-bird! That is simply not fair. Initially we thought that there would be way more mail applicants than investors but that seems not to be the case.
Second thought: The mining part is a key element of our spreading plan. We do not want to reduce it since 50% is somewhat like a magic number. Even 49% would look badly. Mining is essential for a good spreading and we would like to keep it at exactly 50%.
Third thought: Bounties+Giveaway block might be a little bit small. There could be more EXO used.
Fourth thought: We do not want to make 2 more stages. I guess it would bloat the investments too much. But we promised to make a next stage and cannot simply stop it now. That would not be fair to those who wanted to read the whitepaper before investments first (we respect this wish).
Sixth thought: The 9% interest paying block seems to be somewhat interesting but in fact it does not help to spread EXO among more people than without this block. It is just something like "everyone gets 9% more - yeah it is called deflation".
To face all those thoughts above we would like to do the following as we think it is the best to most parts of the community:
- only one more round ("2nd stage") no 3rd round (5% from third round goes to 2nd stage)
- shrink the mail giveaway block dynamically. We will see how many people we have in the end there. We would then shrink that block, so that everyone gets an amount of nearly 0.025 BTC investment (in the end we will have something like 4% maybe. We would like to split the rest to 1st + 2nd stage investors)
- cross out the interest paying block entirely. We would like to use the 9% to split it up: bounties+giveaways will increase to 4%, early-birds gets plus 6% from it
We would redraw the pie chart like the following:mining: 50%
3rd stage: crossed-out entirely
interest block: crossed-out entirely
2nd stage: 10% + 5% + 3.5% = 18.5%
1st stage: 15% + 2.5% + 6% = 23.5%
mail: 4%
bounties/giveaways: 4%
That would change the amount of EXO for early-birds to be: 0.1BTC equivalents 13,430 EXO
mail giveaway people would get: 4000EXO (if 1000 people, otherwise 2667EXO if 1500 people) thus an equivalent of 0.02 to 0.03 BTC
If the community is OK with these plans then we would change the pie chart to what I just described. Anyway we would handle it dynamically (if there are 5000 mail applicants they would get some percentage more again maybe). And we are going to ensure that an early-bird investor gets at least 1.2 times the amount of what a second stage investor will get for the same amount of investment (described on page 2 in this thread). However, we would like to draw a pie chart with percentages as a clear and good overview of what someone can expect. If it changes a bit in the end ok then it will change a bit(+-1% maybe). But with this update I guess we would come very very close to a realistic and more fair spreading plan.
here is what we think of the timeline:- next whitepaper version (maybe only smaller changes but definitively with some code snippets and programming progress news) can be expected on sunday
- start of 2nd (and last) investment stage
after the open beta up to some days before launch.
We would like to get more mail applicants (but do not try to masscreate accounts there. Each application will be automatically verified (some days before launch) against this list:
https://bitcointalk.org/index.php?action=mlist(checking if user exists, checking registration date (if newer than what we set as timestamp, than checking post count), checking for duplicate bitcointalk names in our database)
We really hope that you can arrange with or be happy with these thoughts. If many of you deny these plans we would see what we can do.
Next message of me in about 24h.
your eXocoin team
The highest two bits of the message byte are used to determine the current message hop of the message.
So, eXocoin is not anonymous?
If i receive a message with 1st hop then i know the ip of sender?
As of now I can tell you: yes you would know the ip of the sender. We might consider something after the launch. Whatever you do (using mix, proxy etc) *someone* will always get your IP and you must rely on his discretness. In that case, however, you could simply block all peers and only enable the connection to one trustful supernode. Only he will get your ip then. All broadcasted messages will not include your ip address.
