I don't mind profit being made If it is explained TRANSPARENTLY.
If the founders are going to make $12m then say $12m (current value) Not imply $2.25m, a completely irrelevant figure.
rizz,
"Again, a tough sum. For simplicity, if neucoin stayed at approx 1c for three years, (and voting mech conditions were met) how much $ value will have been paid? Around $12m is it? For $2.25m of work?"
(btw, it's not really $ values we need, its neucoin issued. Then we can all make our own conclusions. I will explain)
I was being conservative. This is not the max achievable figure. I did not include all possible stake rewards. this $12m figure assumes "some" coins are sold over the period.
If ALL the neucoin was retained and staked until the end of yr 3, founders would be sitting on over 2,000,000,000neucoin (2bn) Over $20m. (if neucoin stayed at 1c.) NO NEUCOIN PRICE INCREASE NEEDED.
So I tried to "be fair" at $12m (1.2bn neucoin). how fair is it to say "$2.25m work".
If neucoin price FALLS 90% to $0.001 founders could still net $2.25m?
So, if founders SELL ALL COINS as they became unrestricted, (that's cool and it keeps the total DECLARED reward to the minimum, and the release plan IS known to the team)
HOW MANY NEUCOIN WILL THE FOUNDERS HAVE RECEIVED IN TOTAL OVER THE 3 YEAR PERIOD?
A KNOWN and VERIFIABLE figure.
Probably the only RELEVANT figure.
300 million neucoin for $2.25m work over 3yr - completely meaningless.
Around 1.2 billion neucoin, CURRENTLY VALUED AT $12M, for $2.25m work over 3yr - transparent.
(probably take the team 10 min to work out exactly, what's stopping them)
If you understand these figures, you should understand my point.
(no math done just guesstimates. we need that "known and verifiable" figure)
What of my other questions in my neucoin Project reply post, not decentralized, the email voting system and founder rewards for voting system.
Not bothered?
I'm trying to be nice. (spelling "neucoin" for weeks n' all)
Just saying "Oh well it doesn't matter". Can't argue with that, (I presume that means you agree with my figures)
Good luck.
Anyone seen Dart?
![Sad](https://bitcointalk.org/Smileys/default/sad.gif)