Quote from: syncsam on February 04, 2015, 09:06:42 PM

I agree stonerboy,

I think 10 is a good choice, the price was about 300 before bittrex wallet went offline, so with project development if we could around 3000 sats, we octocoiners wouldn't be missing out

can't do maths at this point about conversion rate, way to early in the morning here, but doing 40-50% for octocoiners and sales to provide funds for the 1st development shouldn't be an issue, I can see frameLAlifes point, but if we screw us on conversion rate you would lose the current community spirit and there would be resentment that people who got in later got a better deal

I agree. It has to be a balance to service both the burners and the buyers. The good thing is that the burners will also be able to buy. I know I'll be buying some just to throw BTC at the project we have planned.

But I don't know what the magic % is. I don't think there is a 100% correct answer. Some of it depends on how we do the crowd sale. If we are selling the whole amount of coins that are capped I could see burners getting a 40% share. If we aren't going to sell ALL of the remaining coins in one sale, then it may need to be a lower %.

I think most people who don't know Octocoin or our history will care less about the original alt and only worry about whether this is a scam or a pump n dump. Of course there are ways to counteract that as well, by offering more voting power to BTC buyers. The hard part will be convincing anyone why we would do this burn and not just start the coin with zero issues and every coin issued is from the crowd sale. They could care less that we lost from investing in Octocoin. But what they do have to understand is that the new coins is a transfer of our coin in a sense, and a community takeover on a coin that we all invested mining and BTC into. It may not have an exchange value currently but our time and money put in is not worthless. Plus our core group will all have some responsibilities in a sense to promote and help with the new coin.

I think we will figure it out step by step. We have to determine a few things and build from there.

I'm sure no matter what decision we come to on many of these issues that everyone will agree or like how we go forward. You simply cannot please 100%. I do think though that we will find a good deal of working together to meet in the middle. It will be the only way we can get traction.