Quote from: sdmathis on May 29, 2015, 04:07:18 PM

There are all these foundations controlling coins and all they are is another form of centralization. The coin goes from being centralized through the developer to being centralized through the foundation.

Quote from: Darknotenan on May 30, 2015, 08:23:53 PM

I think this foundation should only work for the purpose of promoting XDN on the internet not represent it. XDN is not owned by anyone, not even the developers. It is up to each individual to value the price of their held XDN's based on the effort they put into mining them. It doesn't matter what the exchanges say. All we need is for the cryptocurrency to be known and to let the people know why Darknote is better than any fiat currency. I think Darknote should pay for itself. Just like Gold and Silver pays for itself.

Quote from: hodlbananas on June 01, 2015, 10:18:10 AM

Quote from: Darknotenan on May 30, 2015, 08:23:53 PM

I think this foundation should only work for the purpose of promoting XDN on the internet not represent it. XDN is not owned by anyone, not even the developers. It is up to each individual to value the price of their held XDN's based on the effort they put into mining them. It doesn't matter what the exchanges say. All we need is for the cryptocurrency to be known and to let the people know why Darknote is better than any fiat currency. I think Darknote should pay for itself. Just like Gold and Silver pays for itself.

Well, I believe that some ways of promotion require a centralized organizing body: for example, adding a coin to as much exchanges as possible can be very helpful for letting people know about it, but there should be someone who will negotiate the addition of the coin to the exchange, or otherwise the natural process may take too long. I could think of more examples like that, but I'm sure you get my point: if the community wants to keep the momentum of promotion and really drive it home, there should be someone who will lead the way.
I do agree that the centralized controlling body becomes unnecessary when the popularity of the coin is secured and basically everyone knows about it, so I'd suggest the dissolution of the Foundation upon achieving the mission.

The purpose of the XDN Foundation is to facilitate optimal and efficient XDN market penetration. The foundation will not compromise the decentralized nature of XDN by focusing on solely promoting the Darknote and widening its scope of use. The community will remain the driving force behind the XDN and the foundation.

In regards to the funding of XDN Foundation and continual promotion of XDN in the world, we developed the Foundations website and started initial negotiations with service vendors to include XDN into their payment systems. All this and some further actions are financed from my personal savings. We already have some first tangible results with the capitalization of XDN reaching close to $1 million (http://coinmarketcap.com/). Following the original idea behind the Foundation, it will be 100% community managed and crowdfunded. We have developed a section on the XDN Foundation website where any member of the community can financially support the Foundation in its attempt to promote XDN (http://xdnfoundation.org/fundraising). The section will start working soon.