how much is the premine going to be?
I didn't see anything regarding a premine. Although a small premine would be acceptable. I would rather see a percentage of all POW going to a development fund.
here
There will be a small staged multi-sig reserve to pay for development. This is to ensure long term commitment to development with an increased incentive for the team.
Missed that. Thanks. That changes everything. What's the amount of the premine? Thanks.
Not finalized but around 10% and in a staged escrow over a year, releasing a little at a time, perhaps for up to a team of 10 people that are pros. Which is different than one person cloning LTC/BLK/DRK again. There has to be some incentive, and ninja launching and trying to mine it in secret, or big early blocks is generally less transparent. Everything would be in the open, nobody would be dumped on, but of course if people don't believe devs should be paid they should not be involved here, we can't hire people for nothing. This system is designed for the devs to stick around and have a lot of incentive to increase the value over time. Projects do need to be funded to be successful, and of course Ethereum had serious issues staying funded even after raising many millions. This might be a couple hundred dollars per dev, or less, an extremely small amount, but if the project is successful based on their work, and investors and miners make lots of profits over many months, then devs would be rewarded more over time by making it more valuable. Ideally everyone wins, but we definitely want miners happy, but also need a realistic chance to be compensated for time spent.