I think giving up more then 5% of the block reward to the "foundation" is way too much. I would definately support 1%
How about 0%, because everything else goes against decentralization?
Is it just that you guys don't understand decentralization, or that you don't particularly like it? Or don't see any value in it?
Listen, it's not negotiable!
Throwing our principles out of the window at the first opportunity or what?
Has bitcoin ever seriously considered such "foundation block rewards" ?
No. Do a hell of a lot of "shitcoins" discuss and embed them?
Yes.
Case closed.
I agree, sod all of this 5% to the dev fund! If you want to help the Dev, donate directly to his wallet.
Nothing should be coded to accommodate this! No matter how much i want to see SPR succeed!
I hope MrSpread has a reasonable stash of SPR that will increase in value over time, then he can personally keep himself going.
When I speak of a, "Development fund" I do not speak of the money going to Mr. Spread. This would be a business development fund that could be utilized for anything from raising capital by doing private coin placements with accredited investors to hiring top of the line marketing teams to bringing on additional developers to acquiring other coins. It provides all sorts of leverage and ability for Spreadcoin in a highly competitive environment.
In 5 years SPR marketcap is $20billion.
Alot has happened, and SPR is best coin out there.
MrSpread has left development and abandoned ship.
The "dev fund" continues to accumulate funds (and alot of them).
We cannot contact MrSpread.
We cannot shut down the dev fund, as it's hard coded.
What do we do?
Order tons of hookers and blow.
In seriousness, the development fund guards against that. It reduces some of the risk that Jessee Livermore wrote so well about. Let's say Mr. Spread, god forbid, gets hit by a bus, there are other developers and funds available so that the coin can continue being developed. If at some point it is determined that the fund is no longer needed or can be reduced, the code can be updated.
The actual fund wouldn't be run solely by Mr. Spread. It would be overseen by a group of individuals, one of whom would no doubt be Mr. Spread.
I'd like to reiterate once again that I respect that this is Mr. Spreads coin and all this is, is my putting forth an idea for the coin's betterment. If Mr. Spread has no interest, it's all good.