Post
Topic
Board Altcoin Discussion
Re: OFFICIAL LAUNCH: New Protocol Layer Starting From “The Exodus Address”
by
Loozik
on 26/09/2013, 14:19:22 UTC

The address received 4,740 BTC, paid out 411 BTC, final balance 4,329 BTC.

One of the pay outs was to gmaxwell. He is a programmer I think. Do I understand it well that BTCs deposited in exodus address are used / will be used for programming and development of the system. How much of the remaining 4,329 BTC will be used this way?


Yes this is correct, all funds are towards the hiring/ development of mastercoin features. The process of awards has been quite diplomatic thus far

1. People or even maybe businesses paid / crowdfunded BTC 4,740 = USD 640,000 to get a project going and paid for the creation of its features. This is fantastic.

2. I just knew crowdfunding would work in crypto realm for developing a particular project / features within a project! - and even proposed how this could be done in respect to speeding-up the Bitcoin development: https://bitcointalk.org/index.php?topic=210130.msg2209663#msg2209663 TBF developers didn't like it and decided to continue to be underpaid / non-paid for their general (not defined by objectives) work instead of being paid for particular features.

3. Who's your daddy?  Cool

4. Dacoinminster has balls. I already like his sensible approach to pushing things forward.