Hi jackielove4u, great questions, I will answer them as concisely as possible:
2) Yup, and that's why I'm giving myself until September 1, so I have plenty of time to learn the particularities of Groestlcoin.
3) Correct-- in my view, successful sidechains in a production environment would sway internal Bitcoin politics in a preferable direction. That doesn't change the fact that I wish to carry out this project for Groestlcoin to completion.
6) I'll agree that full time might not work unless I quit my current job (which I'm not willing to do). However, I would agree to say that if the project is not substantially completed (modulo a certain number of bugs and other outstanding issues) by September 1, then I will return the funds to their respective senders (minus transaction fees).
7) That's fine. But in terms of dates, the target is Sept. 1,, and the month of April is nearly finished, so it would be 4 months rather than 5 months so it would be 3.75 BTC per month over the course of 4 months.
8 ) Not a problem for me, although I don't foresee needing such access (I could just create pull requests periodically). Would I have additional duties/responsibilities to the community if I were granted such access?
2) Why the hard deadline of September, if u need 2 or 3 months extra, why dont just finish the project and keep the funds (instead returning the funds?). Im more interested in making this proposal a success.
3) Why did you choose elements-alpha as experimental sidechain and not Liquid (by Blockstream) or Rootstock?. Who will monitor and maintain the sidechain and fix issues if there are any? Who will keep the elements-alpha up to date with upstream from time to time?
6) We prefer also that you dont quit your job as we have a normal dayjob also. Just managing expectations here. If the project is not finished by Sept. 1, i rather have you take as much of time u need to finish it instead of returning the funds.
7) How can we make this concrete? The problem is not the funding as we already have a investor who wants to fund u in full. Before he transfers the Groestlcoins to me, i want to make sure that you are who u claim u are and that u are able to deliver. For example lets determine the ammount of GRS that needs to be transfered.
We have 2 options here:
- We transfer 15 BTC of Groestlcoin worth to an escrow (my choosing will be PsychoticBoy). Funds will be delivered to you when you deliver the project. The ammount will be fixed. If the price of GRS rises or gets down then u still get the same ammount.
- We transfer 3.75 BTC of Groestlcoin worth to your GRS address and hope we dont get scammed. The ammount will be fixed. If the price of GRS rises or gets down then u still get the same ammount.
I prefer to use the escrow btw.
8 ) No additional duties/responsibilities. We just keep all Groestlcoin related project in 1 place. If people wants to fork elements alpha then they can fork from our Github. It would be also nice if you could merge with upstream from time to time but its not mandatory and out of the scope of this project.
How about communication? Will you keep a blog to update the community every month about the progress? Is there a faster way to contact each other instead of email/PM. You will need the fast communication in case you are stuck and need help. I recommend using Skype (pm me your Skype address).