Quote from: dukeneptun on February 16, 2015, 07:22:49 PM

I´m wathing. Premine is 10%? What for? Roll Eyes

Fair distribution is the key.....

Yes absolutely, We will be helping the initial mining push with the X13.

Exact Block information will be released on the mining phase. Should last around a week or so.

As far as the 10% Pre Allocated Funds
2.5% of the allocated funds will be converted via exchange into United States Dollars and donated with proof to Habitat for Humanity.

This will help a fair distribution to those who can't mine and can only buy to invest

5% of the allocated funds will be held in a publicly verifiable ledger with multiple signers. We will leave the community to elect a official to help us verify and distribute the funds for the bounties.
2.5% of the Allocated funds will be use to pay for launch fees. We want to be honest.
I paid for nodes, web design software, It took my countless hours to learn coding, design the graphics for the wallet, and build the website.
I have been working on BitFoundry since June of 2014. This has not been an overnight project.

My statement of the 3.4% above pertains to the fact that I foresee myself completing some of the bounties as time progresses.

This has been the brainchild of multiple economics students, technology students, and finance students who are sick of getting burned by anonymous developers who can code, but refuse to "Brand" and give a face to the currency.

We are unique because of that fact. I am more than willing to negotiate and abide by international laws to push a viable and future forward currency. In our opinion the key to the future is not anonymous technology. It is a public face to work towards the common goal of building a truly publicly acceptable currency. Regulation has to come if there is to be large scale adoption, if you can't accept that this probably isn't your cup of tea.

Not to mention an economically sound Proof of Stake Decay model that is responsive to inflation and based on the economic models we have created combats the communities tendencies to trade by the minute and kill off coins by the week.

We also have a wallet tech theory that is in fruition that will make public adoption way easier. (Hint* Is your cash wallet the same as your friends? I bet not, Your Forge Wallet will hopefully have that ability to be different and function as you want it, as well.)

We are here to create a community who thinks like us and is willing to take the honest ride with us. As we see more support; we can put more in, and you will get more out. We as developers look to work with the community as a team.

Not to mention I have the fire in my heart to change this world for the better, and I will sure try my hardest.

If you have that fire and want to make a difference shoot us your resume. We may just bring you on board.

Thanks,

-Alec Kloss