Post
Topic
Board Altcoin Discussion
Re: OFFICIAL LAUNCH: New Protocol Layer Starting From “The Exodus Address”
by
ripper234
on 05/08/2013, 08:13:18 UTC
Yes, I will still control the funds I use to purchase MasterCoins. That's why I can go all in, while the rest of you have to decide if I'm nuts, a scammer, or maybe could really pull this off Smiley

I would like to emphasize that, since you control the exodus address, it is important that you buy only few mastercoins and furthermore that you are completely transparent about how much you buy. Of course, this doesn't apply to buying them on the free market later.

As implied above, I actually intend to buy a large number of them - probably around 24 hours after the announcement. I really believe this will work, and I want to own as many of them as possible.
In other words, you're taking none of the risk and getting all of the reward?

I like you but I really don't like where this is going, you'll need to be extremely transparent (and with reasonable expectations set forth in advance) for this to make any sense.

Just to give my opinion about this specific comment:
Willet will have to be extremely transparent (he has been until now).
IMHO as stated multiple times he should, for the better of the project, create a board of directors (the sooner the better).
I personally am willing to risk some funds on him even without this step, but IMO creating such a board will increase the trust people are willing to grant this project at least by a factor of ten.

You're bootstrapping a protocol, why not bootstrap the protocol's equivalent to the Bitcoin Foundation with it as well.