Quote from: Futurecoin on January 30, 2014, 09:09:02 AM

Quote from: mymenace on January 30, 2014, 06:17:14 AM

Quote from: Futurecoin on January 30, 2014, 03:12:45 AM

Quote

Is the coin regulated

what do you mean?

Futurecoin determine the distribution of the coin
Futurecoin look after the transactions of the Coin

Futurecoin is therefore regulated

is this right

I think I see what you're asking - and the answer is no -- the distribution of the coin follows the guidelines in the original post, we don't act as a centralized body of the coin, in fact, we seek the coin to be open-source and open to all. Which means advancement for all (including ourselves).

If the coin is open-source, then you don't need our btc to make it succeed do you?
If it's open source like bitcoin, anyone can contribute new features and make it better.
We don't need you.
You want the bitcoins to fund development, but you are taking NXT source code and releasing it as your own.
How long does it take to modify the source code? a day? two? a week if you are lazy?

Quote from: Futurecoin on January 30, 2014, 03:39:11 AM

Quote from: wakasaki808 on January 30, 2014, 03:17:16 AM

You accept escrows?

I am not sure how that would work but we are open to it,
but then again if we don't receive the funds during the initial funding period then that wouldn't really work because we can't release the coins until launch (as that is when we will know how big the funding pool is)

You would know exactly how many coins are in the escrow. They would be sitting in a publicly visible address on the blockchain so it makes no difference whether they are sitting in your wallet or the escrows wallet.

Lastly, your "buy in as much as you want!" system is unfair to everyone except the richest who can afford to gamble with BTCs. Most people can't afford to be scammed 1 or 2 BTCs and your system penalizes them for it.

You are honestly like the 8th NXT clone.
Give it up