Post
Topic
Board Altcoin Discussion
Re: OFFICIAL LAUNCH: New Protocol Layer Starting From “The Exodus Address”
by
jadair10
on 11/09/2013, 20:31:55 UTC
In the interest of full transparency, here is the updated expenditure list I sent to the board just now. Hopefully I can process refunds tomorrow.


Quote
We've decided to set the cutoff date for investments a couple blocks later in order to accommodate some people who sent before the deadline, but did not get included in a block until after the deadline. Consequently, the expenditure list has changed slightly. Here's the final list of transactions which I hope to execute soon, probably tomorrow:

    13.279 BTC in refunds to investors who missed the deadline (addresses and details here: https://docs.google.com/spreadsheet/ccc?key=0AnnInaIJVqrtdGMteFNOWjBpWTNqd3BYbWUzdGVLMmc#gid=0)
    3 BTC bounty to bytemaster (1Nou27Zt2k3yTFHw6yePg3A1df2ohCTFFb per his PM to me) as a bounty for their work exposing a flaw in my spec. (details here: https://groups.google.com/d/msg/mastercoin/EQgEHvKJBh4/4VeE3a02I3QJ)
    3 BTC to d'aniel as part of the same bounty. D'aniel requested that his prize go to forum member gmaxwell: 1GMaxweLLbo8mdXvnnC19Wt2wigiYUKgEB, request is here: https://bitcointalk.org/index.php?topic=284178.msg3041300#msg3041300)
    2 BTC to mich for the awesome logo (13x2dka6tVhjsNNNomGJjUPi2iJQCb67bw, verified by him)
    0.1 BTC to Ron to reimburse his purchase of MasterCoin.org (1HfXDX3ALapNebQC8stTdd5zK7kiCgvX9n)

Total expenditures: 21.379 BTC
Aside from the changes to the refund list, this is the same list of expenditures as before, so I don't expect comments - I'm just keeping you guys in the loop.

Thanks!

-J.R.

If you are expecting a refund, please check the spreadsheet linked above and make sure it looks correct. Thanks!

I think you are making the right decision to include those transactions which posted prior to the cut off but were not included in the block chain until after the deadline as those people acted in good faith, even though the spec says "as determined by bitcoin block chain records". It is hard to enforce an ambiguous cut off time.