Hi everyone,
as you will have seen I put in a request to send 300,000 RNS for multipool development by pjcltd
As previously agreed, generally people felt the bounties were too low so they were under re-evaluation (ie. the twitter polls) and while 300,000 seems like a huge amount of coins, that only fetches for about 0.2btc at the current price.
IMO, getting a renos multipool for 0.2btc out of the development fund is a good deal. If we want the coins (especially the development fund) to have value then we need to develop services and technology around the coin.
For me, a multipool brings is a great initial development because not only does it attract the miner community to the coin, but it provides a constant buying power on the market.
If you still disagree with this development then fine but we need to be realistic with what we can achieve and for what price.
The BTC value of the RNS given should be irrelevant.
As you said, it's a big amount of coins and all that matters is % of the supply.