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.
You are missing the point, sorry. Escrow will most likely be done with shift smart contracts that enables multisign escrow. Now, how is that third party? It sounds more like you have no clue about the possibilities with smart contracts.
Sorry, we have to get back to work. This is taking up too much time.
EDIT: saw that i misunderstood you suggestion. Yes.. that is the same as we suggests
thx buddy