Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XEL] Elastic Project - The Decentralized Supercomputer
by
jibble
on 11/05/2017, 07:28:42 UTC
If there is a foundation there needs to be 4-5 credible people holding 1 part each of a 4-5 part multisig address. This prevents 1 person controlling all , or running away with collected funds, or spending them pointlessly .

voted and nominated for by the community

a constant intention of working towards a solution that removes centralization from the foundation thru automation or network voting , or a mixture of both. so plans for the foundation to become decentralized.



If a thread is made on the elastic forum or somewhere else to hold a nomination process for potential candidates to be in collective control of said foundation , set up the voting like the other matters that have been voted on . we could have the people chosen , a donation address running and a place where they can all discuss stuff. Working towards getting a decent roadmap together for the other stuff that isn't coin core , while at the same time increasing interest and user base by advertising , sorting out social media , articles , websites and other stuff to bring in more skilled coders wishing to help develop the coin core.


This could all be started at least very cheaply. then once we get a foundation in place and have started working towards the first few goals of the roadmap we can then start to perhaps raise funds , let the foundation show the people what they have planned and them working towards something concrete before pouring donations into something that could potentially be a huge leak of cash for little benefit to the coin.

We want to expand our base and increase the overall interest in the project hopefully with a wide net approach we will be able to attract not just investors or designers of websites or ideas of how to use the network , but core coin coders understanding and wishing to advance on what EK has already worked his ass off to get to.

Again to begin with this doesn't require lots of money for the foundation only for those that are voted on to the foundation to put their effort and time into it and pool collective resources together