Hi Everyone,
Because of Riecoin is growing into a big community, I figured we need to form some sort of organization in order to become more organized. When we unite as one, we are able to finish a lot more quickly than if we are random scatterers on the web doing their own thing. It might sound absurd but I would like to give this a try. I am forming a Riecoin Foundation. The only purpose of the foundation is to equip Riecoin with advance weapons. In other words, our purpose will be to gather funds and allocate funds in order of priority that the community will decide on using a voting system. I have already registered RiecoinFoundation.org. I will also donate 200 RIC to this foundation, in addition to the 150 RIC bounty I might receive for redesigning riecoin.org.
The foundation will be semi-trustless so you can rest assure this is not a scam in anyway nor will the Riecoin that the community donated will vanish in the future. We will of course be requiring donations from the Riecoin community for things such as hiring more developers to work with Gatra to relieve some of his stress that he has been accumulating, creating an android app (I might be able to help), paper wallets, etc. If there is no donations, there is no foundation and Riecoin needs an organized unit right now more than ever if we are going to stand out from the oceans of crypto-currencies already out there.
Now let me get to the semi-trustless part. For this to work, we need a minimum of five people who can dedicate themselves to the Riecoin Foundation. The Riecoin donation that we receive will go into an exchange of our choosing, hidden information from the public. The address will of course be available 24/7 for the community to check the amount inside the wallet. There will be 5 people who will each hold a part of the necessary information to withdraw Riecoin from the wallet. The first and second holds the username and password. The third holds the 2 factor authentication code, the fourth holds the email confirmation that will be required to withdraw Riecoin, and the fifth will hold the QR code required to enable 2 factor authentication in case the third person goes missing. Of course, drawbacks to this is that it will be troublesome and inconvenient to withdraw Riecoin for bounties but I would rather choose security over convenience. This system could fail if all of us decides to work together or if the exchange we hold our Riecoin in gets "hacked", but I see no other options. Keeping it inside the client would not be as trustless since you only need 2 people to work together to withdraw the Riecoin from the wallet (the wallet.dat file and key).
Right now, I am just taking names of all those interested. You can sign up with the google spreadsheet link provided below. I will be PMing those on the list.
https://docs.google.com/spreadsheet/ccc?key=0As6q17G29AHxdFNybXhyWDlJS0ZXZDZUeXRRRVVxZnc&usp=sharingSchedule (not set in stone):
March 15-March 29: Foundation sign up.
March 30-April 4: Create a trustless system for the community to donate Riecoin
April 5-April 6: Upload Riecoin Foundation to riecoinfoundation.org, announce the team, get started.
April 7-ongoing: Get community members to donate and find ways to improve Riecoin using donation by providing bounties for:
Android App
More Developers
Marketplace
Wallet Design (like Particle)
Widespread Merchant Integration with bounties for the first couple that accept Riecoin
And the list goes on.....
