Quote from: nanocoind on March 15, 2015, 07:19:36 PM

Quote from: teppupkcos on March 15, 2015, 07:06:09 PM

how will beacon distribution work. what is to stop ppl setting up a nodes and gaming system.
can you enlighten me on process of distribution pls.
is this like airdrop country type coins

Beacon distribution will be initiated when enough users meet a specific stake threshold in a geographic area, it will unlock a geographic faucet. Anyone who is within range of the faucet and has the Nano client running will receive Nanocoins. Faucets will be open for three days and will not be allowed to be reopened in that geographic area until a threshold of faucets have been opened in other areas around the world to ensure wide distribution. This is very different than the standard Airdrop, 1. Its focus is on wide and diverse distribution, 2. It is handled in a decentralized way and initiated by the community, 3. It demonstrates many of the features in the proprietary Nano wallet.

Brilliant! I love it. So now I'm interested in this coin again. The though of having to the faucet thing manually was dreadful. I would not have participated if that was the case. As most people don't have time to keep going back to the faucet site and getting coins. But you guys seem to have fixed that. WOW! great idea and I hope this method of distro works out. So we need coins to stake, either buy them or mine them.. okay I'm good with that.

The only thing that I disagree with is the 5 days "grace" of mining .0001 is completely useless.