Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin)

Okay, people seem to think donations are the best way to go. I agree. I think taxing Poloniex balances or everyone's XCP balances would be disastrous.

I have created a thread on the Counterparty forums for donations: https://forums.counterparty.co/index.php/topic,127.0.html

The total missing is actually about 6100 XCP instead of 7000, as some people had not yet withdrawn and I was able to deduct balances.

Your donations are greatly appreciated, and as soon as the missing XCP is covered, I will open up withdrawals so people can get at their XCP.

What happens if more than 6100 is donated? Don't you guys think it is better to have the devs control the donations that way if and when it goes over 6100 they can give it to

busoni and the rest can be used as donation for the devs. Busoni, don't you think you should cover a portion of that 6100 as the exchange owner? I would think at least 20%

of the 6100. You don't think you bear that much responsibility for what happened? Previous postings were right when they said a lot of people are going to hide behind

the anonymity and not donate even if they say they will. I find it hard to believe 6100 will get donated. What will you do if it is not met?

The devs could take the donations and give me what Poloniex needs, or I can take the donations and give the devs any extra. It doesn't matter. If donations do not reach 6100, then we'll have to work it out another way. The devs will probably help out, and I can help out. It isn't THAT much. People will get all of their XCP back, as long as it was not purchased during the dump.

Your words are very reassuring thank you. I don't know how but I hope we can organize enough donations to make you whole.

Another suggestion I have is that Poloniex can increase the trading fees from 0.5% to 2.5% for XCP trades. (The fee increase will continue for as long as it takes to recover about 100 BTC. )
The current volume is 100 BTC/ day, however this will probably decrease to 50 BTC/day as time progresses.
50*2%*(num of days) = 100 BTC
num of days = 100 (can be longer if volume decreases).
NOTE: In return we might need to give exclusive rights to Poloniex for 100 days, so they can maintain the volume.

Maybe another idea: can we sell "naming rights" to the Bounty Program or some other page that is an important part of the project to a benevolent "whale" in the same way that a Universiry sells naming rights to its buildings and research programs.

Piggybacking a little further, maybe we could create a "Wall of Fame" to socially recognize the biggest donors and community contributors, including for example winners of the bounty programs? And if a benevolent whale is willing to kick in a large amount of BTC or XCP to make this problem go away, then we could name the Wall of Fame in their namesake, e.g. The Biggest Fish Wall of Fame! =)