Confirmed and accepted.
do you plan to implement randomness in the selection of stakeholders like nxt? or are you planning on using something like coindays from peercoin. Or something else entirely? if its something else entirely than what? will you be taking a data driven approach to transactions like nxt or scripted transactions like with bitcoin?
Really interesting questions. Well of course we discussed about that point quite a lot of time. We do not like the way peercoin implemented this at all. They rely on the (maybe wrongly assumed) behavior of large stakeholders.
nxt improved that mechanism in our point of view. So our algorithm will base on the idea of randomized selection. But more will be announced in the whitepaper soon.
I am not sure if I understand your second question. Please rephrase your question if this answer will not match:
eXocoin will not support a script engine build transaction. However there will be some kind of distributed contracts (since we want to exchange btc<->exo within the native client and we are thinking of something like native escrow support in the client). Maybe this is a wording problem between data-driven and scripted. But I hope that you got the idea.
Good you get an A+ on the first question.
Yes I understand.
Ok so my next question is, you say the dev(s) are just going to buy in like everyone else, but where are the funds that people use to buy in going? If they are going to the dev(s) than that is a difference without a distinction. Either way i would like to know what percentage of the stake you/the other dev members plan on holding.
As i think you can tell im beginning to become interested in your project. I may be looking make a commitment to buy in. I'm i correct in assuming that you would be ok with me using myself for escrow since i have rep as an escrow provider?