Quote from: prettybuds on May 17, 2016, 02:27:51 PM

@Honcho: are you the latest account of /AnonyMint/TPTB_need_war/...?

No. I already stated this in my first message.

Quote from: acdc on May 17, 2016, 02:11:33 PM

@HONCHO, are you affiliated with SuperNET and InstantDEX?

I have not yet decided whether and when to confirm or deny my prior affiliation, and whether I will deploy my pre-existing reputation to drive investment in the proposed ICO.

Those who know me, know I comment less on Bitcointalk these days. And I also want you to note that AnonyMint is banned.

There needs to be someone to get out in front publicly on the marketing. A visible public face is always best. Those who know me, will know I am anonymous even if I reveal my prior affiliations.

I wanted AnonyMint to be that public face and I also think he is a motivational public speaker. But he is not comfortable being a promoter of an ICO. I am confident he will be a public persona promoting JAMBOX. There is also a plan to raise money for JAMBOX in a crowdfund and I presume he will be publicly visible at that time. And many details will be presented at the crowdfund. Note the crowdfund is as I understand it to be in exchange for Tshirts and other perks not including JAMBOX tokens. I am not certain the proposed crowdfund can raise enough funds to accelerate JAMBOX properly. Thus I have taken the opportunity to leverage AnonyMint's research discovery to propose creating a new coin and distributing it via ICO.

Quote from: illodin on May 17, 2016, 01:54:28 PM

If the system will use "masternodes", will there be an incentive for people to run one?

Is there going to be mining, or will all coins be distributed via the ICO?

The JAMBOX crypto-currency will be a revolutionary redesign of Satoshi's proof-of-work, so yes it will have mining and be distributed via mining. But it will be unprofitable mining and the senders of transactions will supply the proof-of-work shares. I will defer to AnonyMint for further details on that. AnonyMint has indicated that he has a technology to prevent professional mining during the launch phase and that only verified social networking users will be able to mine and they will be limited in how much they can mine per day. He expressed to me that he is confident he can prevent anyone from amassing investment quantities of coins via mining and that this can be enforced in a decentralized protocol.

For the crypto-currency I propose to launch via ICO, I want it to be proof-of-share so there will be no debasement of the currency. This currency is intended to be a reserve currency for trading thus should not be debased and if the coin supply shrinks due to lost coins that is not a problem. Also it will be more compatible with the masternode concept to employ DPOS where the delegates are the masternodes. I am thinking the masternodes should receive the transaction fees as their sole compensation. I propose the transaction fees will be set as a percentage in the protocol. We need a very efficient, low-cost, and fast network for our reserve currency trading. Masternodes will of course have to lock a deposit which is forfeited if they do any malfeasance. I am aware of the general argument against proof-of-stake that masternodes can collude or be bought up by the evil adversaries, and that one could profit by attacking the coin with masternode control and shorting the coin. However, we also see that Bitcoin has arguably transmogrified to de facto centralized control to some degree. It seems one chooses their poison, at least until AnonyMint leads to the way to an overhaul of Satohi's design and shows us a better way.