dev, What are your plans, make the wiring diagram and POD verification, thank you!
It depends heavily on the results of the ICO and Growth period. I believe strongly in the idea of a decentralized currency, which is why I designed the coin, and the distribution of the coin, in a dynamic way that lets the community decide, directly and indirectly, how many coins are out there, and what value is. If the community invests in the ICO then we'll find ourselves in a very different situation than if people forego that option and the majority of the initial coinbase is mined. Again, how many coins are grown vs. traded is also going to have a significant impact on the situation we find ourselves in. After the growth period, there could be less than 10k coins, or more than 10m coins, and it ultimately depends on the community.
If we can achieve enough BTC from the ICO to establish a permanently high floor, then we can focus on growing our community, marketing, infrastructure, and maintenance. Getting the coin out there in the real world and getting it used, because we wont have to worry about vendors dumping their coins for BTC - they simply couldn't sell them for less than the set market floor, and if they do sell into that floor, they've effectively eliminated the coins from the coinbase and made everyone else's coins that much more valuable. Development will be focused on stability and maintenance, new features will be implemented with the goal of making the coin simpler, accessible, and more useful on a broad scale.
If we don't make our target to be able to have that high market floor necessary to attract real world acceptance, then we have to concentrate our efforts more on the development side of things. Without a high stable market floor, the value will depend most heavily on the perceived value of the features being brought to bear through the development cycle. We'll bring more developers on board, and work heavily on building desirable and marketable features.
I'd prefer to keep the coin lightweight, personally. Too many features bloat the blockchain and make the coin unwieldy for practical, long term use. But that's what everyone seems to want to invest in these days, the latest and greatest features where everything and the kitchen sink is built into the coin - and that's what it seems you have to do these days to achieve a stable high market value - bloat your coin with features most people don't need or use.
Ultimately, that's what I want to get back to with Seedcoin. I want a coin whose primary purpose is circulation as a monetary instrument, without the need for massive computing power working around the clock, and yet has permanent level of liquidity. I want a coin that cares about and rewards the 'bag holders', and I want a coin that actually grows in value by design.
But really, what ultimately happens depends heavily on how the altcoin community responds to SeedCoin in the short term. I've planted a seed here in the altcoin community, and what direction we take with it depends on what the community does with it over the course of about three weeks.
As for POD, he can correct me if I'm wrong, but I think he would prefer to stay anonymous. I'm willing to complete POD on behalf of SEED if that's what the community here wants, as I am a contributing developer on the project, but I have to make clear that my primary interest is in developing PinkCoin. With SeedCoin, I'm more or less just trying to help my friend that I've known for years with his project, and the PinkCoin team has agreed to support that decision.
Ultimately I believe the primary reason for the Proof of Developer program is to provide the community some security in their investment, because we are all tired of scams. I know Cryptzo personally, and I assure you, as I have assured my team, that Cryptzo is capable and trustworthy, and I personally guarantee the legitimacy of this project as it's been described.
