Quote from: drays on January 03, 2017, 12:05:11 AM

Quote from: freezal on January 02, 2017, 08:46:39 PM

Quote from: SatoNatomato on January 02, 2017, 07:33:02 PM

Quote from: metamorphin on January 02, 2017, 01:16:51 PM

Quote from: tonych on January 02, 2017, 01:09:36 PM

Having to keep so many undistributed coins doesn't make me feel comfortable either. I have to find a balance between distributing fast and distributing wide, which takes more time to allow more people to pull in. I might move the undistributed funds to a multisig address, I would expect my cosigners to:
- have a long term interest in the success of Byteball at best, or be neutral at least
- be non-anonymous
- have a good reputation in the crypto community
- be trusted not to collude with me or with each other

The hour for a byteball-foundation. I suggest you, to have 3 multisig-keys for members from the industry to invest in and gain value/interests for byteball.

Greetz
Steve

Please no, I trust tonych more than "plus 2 people" especially if they are from "industry".

Tony please maintain control of byteball, and distribution until all 99% are distributed by you.

Inviting "industry" people is catastrophoe, recipe for political disaster. This industry is known for being crooked and dishonest, thieves and lowlives fighting for breadcrumbs. What byteball is so far is because of tonych. And his sole decisions.

All hail tonych.

I agree completely with this assessment.
Please tonich, don't do this. Keep control of this project till it can survive by itself. This project need time for the best minds to learn its principles and can form a shield against all the deceivers that will pop up and try to take it over. I think this is the time for those that have the knowledge to help clarify all technical and design aspects of byteball. I know that now there is only a few advanced technical questions, but this soon will change. By the time technical discussions evolve, hopefully the economy will be able to choose direction based on wisdom of wise men ike you and others.
Please, keep politics out of it.

edit: forget some points

Giving the key holders too much power indeed could be bad idea. But holding the funds in a multisig address is a great solution. We may all trust tonych, but the point is - not everyone will trust a single man to keep all the funds. Its easier to trust a group of unrelated people than one person. "Power is a great seducer."

The funds keepers only need to be honest people with very good reputation, and guarantee the funds will be intact. They should not hold any power on making decisions, or invest or moreover to have some interest.

They just should hold and be responsive. Having those funds secured until distribution will make it easier for the project to attract more investors, and clear up FUD. In any case, though I "hail" no-one

, I am sure tonych makes the right decision on this

your key argument holds and fails on "only need to be honest people". Fucking LOL. Diogenes enteres the scene, with his lantern in broad daylight, people ask him wtf mate, he says im looking for an honest man amongst you.

To trust tonych is far easier than to trust 3 people, especially together. A group is shit. A group is a horde, can be herded, individuals are elegant, groups only leave massive amounts of shit - see bitcoin, it could have evolved if it was 1 person making decision instead of 5.

Tonych dont make the same mistake as Satoshi, keep control and carry on, distribution method is excellent despite maybe 2 people complaining, and they can go make their own distribution method as a group.