Post
Topic
Board Altcoin Discussion
Re: OFFICIAL LAUNCH: New Protocol Layer Starting From “The Exodus Address”
by
dacoinminster
on 05/08/2013, 17:24:44 UTC

No, they most certainly don't Wink. You're using your wife as a bargaining chip. You seem to forget that you're not dealing with experienced investors. You've set up a system where there's no accountability for MasterCoin's finances and you've rushed the fundraising along before a proper detailed plan is explained. No investor worth one's salt would touch this.

I still think you're under-qualified. When this falls apart either because you can't put it together in the first place or the house of cards falls your reputation is ruined.

You make a good point that my investors aren't experienced. I could actually get in big trouble if I represented MasterCoins as an equity stake, since it is illegal to sell equity to investors who aren't "accredited" (rich). I was very careful to structure this as a sale of currency for just that reason!

Also, my wife isn't a bargaining chip. I'm just describing my personal situation. It could be that bounties are the way to go as a result.