Quote from: Cosbycoin on September 13, 2011, 08:21:53 PM

+1 Agreed. Lolcust needs to setup a circle of trust with community members to hold those 7,000,000 coins in a decentralized manner.

As soon as Geist gets Contract code, I will seek out a way to manage the bounty + faucet (-beer +vodka + hookers +cigar Wink

) part via an open, publicly accountable decentralized management system it presents.

Managing the Laundry Buffer in such a manner seems... problematic (and I am attached to the idea of starting a "squeaky clean laundry that can help cleaning any coins as long as they can be converted to Geist and Back")

Quote from: Cosbycoin on September 13, 2011, 08:21:53 PM

I trust him but what's to say that he gets pissed off like coinhunter and decides to do something rash?

Um, print out the part of the blockchain that "contains" the Superfund and wrap it around my genitals, screaming "behold the mighty lolopenis!!!" ? Roll Eyes

What exactly can you do with 4-7 mil of any neo-coin except use them as a buffer in a laundry-like system or veeeryyyy slooooowwwwlllyyyyyy spend them (and again, the wisest spending is that on project itself, since it makes the remaining coins increase in functionality and perceived value) ?

There is no chance in hell of selling-off even a fraction of that in one go, and if you have to sell them sloooowwwwwlllllyyyyy (veeeeryyyyy) you may as well start slowly spending them to convince people to contribute useful code (increasing the value of whatever remains and benefiting the community at large due to the whole open-source thingie

)

Quote from: viperjbm on September 13, 2011, 08:38:52 PM

So you are starting a formal money laundering scheme?

Depends on whether your jurisdiction recognizes "digital coinsis" as money.

Mine would beat me to the death for having this conversation, so I may as well start "laundering" abstract mathematical constructs.

Quote from: viperjbm on September 13, 2011, 08:38:52 PM

You pre-mined with NO effort involved 7 mil coins and the community is to just trust your word on what you are using it for?

Due to the size of Superfund, it has virtually no other use.

Quote from: viperjbm on September 13, 2011, 08:38:52 PM

You are promoting attacks on your system that you actually want users to adopt... so they can feel more secure in their financial/time investments..?

Errrr... now I lost ya.

Where did I "promote" an "attack" on Geist ? Huh

Quote from: viperjbm on September 13, 2011, 08:38:52 PM

You are planning new features that you can't develop on your own and the only hope is to bounty with a coin that currently has no value?

I do contemplate investing some USD into it, but there aren't much USD I can throw at a coin without facing Dire Secondary Consequences Wink

I also hope that some people will just implement stuff into Geist because they've got this cool idea nobody (especially not Lolcust) ever thought about, but yes, I do intend to post large bounties on Geist features (stuff such as thin clients and blockchain optimizations that later could be ported to other chains) in hopes that some devs will consider it worth a stab.