Quote from: deer_hunter89 on September 01, 2018, 04:51:30 PM

Quote from: AlexandruPanait on September 01, 2018, 10:53:46 AM

use for a while the genesis to mine with POS (which will be ~30% from all coins mined every day) and all mined webds to be used in very big bounties campaigns using our automatic bounty system, which will lead to mass adoption.

So you want to use PREMINED coins in a POS system? This is a real theft.
This will lead to centralization (rich get richer) as currently the devs have the most WEBD.

Adding POS to a PREMINED cryptocurrency is the end of it. The devs have 1 year worth on mining funds, no one has even close to that. They want to use premined coins to mine even more (through stake).

Man, this is extremely shady.

Quote

We truly belive this is the best solution in order to reach mass adoption

LOL. Do not insult our intelligence, please.

It is not a theft, it is a way to put the coins in the hands of as many people as possible which don't have let say farms for POW or money to invest for POS. This is the best approach in order to reach mass adoption because POW will centralize inflation to big farms, POS will centralize inflation to big holders (which is good but can lead to centralization) And for this we're thinking to use the genesis wallets to increase bounties reward for being more attractive and profitable for influences to help us to reach mass adoption.

The mined coins with POS won't be kept by dev team. All mined coins using genesis will be distributed to our community via bounty system in order to make it more attractive. This will help even POS & POW miners because will lead to reaching mass adoption and the project will start to have more and more community devs, evangelists talking about the project which will lead to a faster growth.

Quote from: EvlMiner on September 01, 2018, 08:14:05 PM

I don't like it either. The premine alone is bad enough. Staking it is even worse.
If you really need to secure the network, ok, stake it for a limited time, but make a transparent system where the coins gained from staking the premine are immediately burned.
The premine should be used for bounties, as was promised, not for creating additional coins or increasing the staking difficulty for everyone else who actually bought or mined their coins.
If you keep breaking your promises, no one will be able to trust you in the end.
And I'm saying this because I really like this project.

The whole project was developed in less than one year without any funds. This is why we chose to not do ICO for let people to join due to their trust and believe in the project's target. In order to reward the main devs and community devs we decided in beginning to premine 9.9% for paying all those which helps the project to growth. Without a motivation for community devs it can be hard to grow.

For sure we will make a transparent system. It is better to use those coins from POS to reward influencers which are promoting our tech instead burning them.

The premine will be used as was promised for bounties and paying community devs. POS has a problem, and that is the richer every time gets richer. In order to obtain mass adoption we have to avoid this happening, this is why we want to use genesis to mine and the mined coins to be added to increase the bounties rewards.

We promised reaching of mass adoption and this is our main purpose. In this world there is not any single perfect system. We have to adapt on every new think which can drive away the project from mass adoption.

Thank you for your feedback and appreciations.

Quote from: TakeItEasy on September 02, 2018, 12:30:47 AM

Quote from: deer_hunter89 on September 01, 2018, 04:51:30 PM

Quote from: AlexandruPanait on September 01, 2018, 10:53:46 AM

use for a while the genesis to mine with POS (which will be ~30% from all coins mined every day) and all mined webds to be used in very big bounties campaigns using our automatic bounty system, which will lead to mass adoption.

So you want to use PREMINED coins in a POS system? This is a real theft.
This will lead to centralization (rich get richer) as currently the devs have the most WEBD.

Adding POS to a PREMINED cryptocurrency is the end of it. The devs have 1 year worth on mining funds, no one has even close to that. They want to use premined coins to mine even more (through stake).

Man, this is extremely shady.

Quote

We truly belive this is the best solution in order to reach mass adoption

LOL. Do not insult our intelligence, please.

Quote from: EvlMiner on September 01, 2018, 08:14:05 PM

I don't like it either. The premine alone is bad enough. Staking it is even worse.
If you really need to secure the network, ok, stake it for a limited time, but make a transparent system where the coins gained from staking the premine are immediately burned.
The premine should be used for bounties, as was promised, not for creating additional coins or increasing the staking difficulty for everyone else who actually bought or mined their coins.
If you keep breaking your promises, no one will be able to trust you in the end.
And I'm saying this because I really like this project.

Agree with you. Wallet with premine should not be used for staking.
First of all, this wallet will have the highest mint probability, "rich get richer", yeah.
And if you will use this stake coins for bounties, airdrops, so on, there will be too many "free" coins and price will be 1 satoshi.

Premine was created for this purpose by itself. All stake coins from premine wallet must be burned.

If someone will share the project to let say 10 mil persons in his social media channel, according to bounties formula, this person will have let say 90% from the reward due to his huge impact comparing with others. Let say he will win 10 mil webd for sharing the project with 10 mil people. Do you think he will sell those coins at 1 satoshi? And if he will, there will be let say 100k new users from his posts, which will lead faster to mass adoption.

Quote from: Hespnakindra on September 02, 2018, 12:33:22 AM

What kinds of marketing and promotions are you planning to do to attract merchants and customers to your platform and increase adoption? Do you think about this?

We have referral system and bounties campaigns which we're planning to start when everything will be ready. We want to collaborate with anyone which can help on this side because we have funds in the genesis for this.

Quote from: Zeneize on September 02, 2018, 09:59:10 AM

Quote from: EvlMiner on September 01, 2018, 08:14:05 PM

I don't like it either. The premine alone is bad enough. Staking it is even worse.
If you really need to secure the network, ok, stake it for a limited time, but make a transparent system where the coins gained from staking the premine are immediately burned.
The premine should be used for bounties, as was promised, not for creating additional coins or increasing the staking difficulty for everyone else who actually bought or mined their coins.
If you keep breaking your promises, no one will be able to trust you in the end.
And I'm saying this because I really like this project.

It was clear a lot of time ago that those few big computer farms were mining all the coins and this would lead to a lack of decentralization, the consequence was obvious with just a bit of extrapolation, and it had been told as a warning on this thread by someone. It should have been taken care then, now it's a mess. But of course, not taking care of that could end into a much bigger damage. Great devolepers you are, for sure, but bad planners and stubborn in never listening to those who had told you about this problem time ago on this very thread, as I perfectly remember.
And I'm saying this because I too really like this project.

Yeah, we have to take care of that now, this is why we're thinking at this option. The more difficulties we will experience, the more the project becomes stronger.

For this we added to the updated roadmap the voting system for taking decisions together.

Thank you for your appreciations!