Quote from: solracx on June 07, 2013, 06:02:15 PM

Quote from: richgene on June 07, 2013, 03:19:44 PM

These are serious questions about the future potential of this coin:

I've been watching this debacle from the beginning and I'm still stuck on the 50 kickbacks.

What's the plan with the constant kickback? What is the 50% going to be used for?

How are you protecting the 50% wallet from attacks? If you lose access to that wallet, wouldn't coin prices plummet?

To me it sounds like a coin with a big red self destruct button. If that's what you're going for, I can see it working.

But please let us know what your plan is for security of literally the life of your coin.

~richgene

Let me address questions individually since they have merit.

What's the plan with the constant kickback? What is the 50% going to be used for?

The FAQ www.zenithcoin.com addresses the use of this fund. But the primary purpose of the fund is to continue to support development (not just technical) to create value for the coin. This may include technical enhancement, promotions, bounties for access to exchanges and services that create a constant revenue stream (i.e. exchange, satoshi dice etc, escrow services etc.)

How are you protecting the 50% wallet from attacks? If you lose access to that wallet, wouldn't coin prices plummet?

-> There are multiple addresses that are not necessary in one wallet. So, there is not one wallet that can be stolen.