Post
Topic
Board Altcoin Discussion
Re: OFFICIAL LAUNCH: New Protocol Layer Starting From “The Exodus Address”
by
dacoinminster
on 29/08/2013, 00:10:14 UTC
So you are planning on using the entirety of the money sent to the Exodus address to pay yourself a nice salary plus all the benefits you want?
What happened to the whole idea of an overseeing board to parcel the money out?
And given that most of the bitcoins sent to the Exodus address were yours to start with, you are actually asking them to kick in far more than 50%.

The current plan is for me to NOT quit my job and NOT take any payment at all, while keeping my day job. David and Sam are on the oversight board, and are asking what it would take to get me to quit my job, so I told them.

I realize the details of what it would take are scandalously generous, which is why I haven't been planning on quitting my job!

Also, the outline above is not to pay myself the salary and benefits that I want, but rather what I currently have.

Anyway this is all theoretical. I do expect to see a noticeable investment, but I don't expect that the investment will close that gap, unless something miraculous happens.

Does this figure include how many Mastercoins you will own once the buy-in is complete, and don't those become compensation too?

It may be years before there will be a big enough market to absorb my MasterCoins in any quantity, so no. Also, I bought those on the open market using funds I already had, just like you guys did, so they aren't compensation by any stretch of the imagination.