Re: [ANN][SHIFT] First Ethereum fork. GUI wallet. No ICO/IPO. PoW, Bountys.
2 things that need to happen immediately to give this coin a chance:
Burn at least 200k of the premine immediately. A premine that represents MONTHS of mining is killing any value this coin could ever have.
Deposit remaining 50k into a multi-signature or escrow account with 2 or more hero members and define clear bounty payouts. There is NO incentive mining if someone finding a spelling error in the wallet client gets 1000 SFT as bounty (about 2 months of mining at 40 MH/s)
Burn at least 200k of the premine immediately. A premine that represents MONTHS of mining is killing any value this coin could ever have.
Deposit remaining 50k into a multi-signature or escrow account with 2 or more hero members and define clear bounty payouts. There is NO incentive mining if someone finding a spelling error in the wallet client gets 1000 SFT as bounty (about 2 months of mining at 40 MH/s)
You're right, i have better idea !! because it's ethereum, there are lots of possibilities : contracts
Why using escrow
it's a joke ?? ethereum was created to AVOID third party.you're missing the whole concept.