Quote from: jancsika on February 22, 2013, 06:06:35 AM

That's a good point that I overlooked. But the Foundation is tasked with more than just bootstrapping, and I assume it will continue to exist even after that single task is complete. What part of your budget will be earmarked for expenses associated with keeping the Foundation afloat? Will you give to groups that want to take the currency in a direction that goes against your charter?

What if the biggest Freicoin pool operators who together control a supermajority of mining resources become Foundation members? How would you even know?

The whole reason of starting decentralized is that you can do an end run around these questions. You seem to think the costs there outweigh the benefits, and that's fine, but it means you must find an alternative mechanism of equitably distributing coins, and "give coins to group that distributes coins" isn't sufficiently worked out to qualify as a mechanism. That's also fine, but until you get a working mechanism don't refer to your currency as decentralized or anything approaching it.

By setting aside 15% of the budget for demurrage that would give us 3.25 years until "supernova" when the foundation has to start taking charges to the distribution accounts. This is close to the proposed lifespan of the foundation. The foundation is designed to die. Its sole purpose is to distribute the coins and then to dissolve.