Quote from: Crypto-t on March 17, 2014, 10:26:48 PM

Great question. We think the idea of giving away coins to random/all residents of a particular country is flawed for several reasons.

1. Most residents won't be interested;
2. Many of those that are interested will probably dump the coins as quickly as possible and therefore reducing the value of the coin.

We only intend to give students of our workshops coins because many will be genuinely interested in them, and they will tell others about them which will help spread the word about crypto-currencies.

Any premine will be as little as possible but we have not crunched the numbers yet.

Are you from the UK?

Quote from: matt608 on March 17, 2014, 10:21:14 PM

I take it there will be a premine as you will be giving away some UK coins at the free crypto-workshops. How big will the premine be? Will there be any other premined coins available for UK residents who can prove their identify? (like Auroracoin or Spaincoin).

Yes I am. It's a great idea to give some away at your UK based crypto workshops, but if that's all that ties the coin to the UK and the rest will be mined as usual then most of the coins will end up around the world making it not distinguished enough from the other alt clones to be a serious coin imho.

There could be a way that once the coins are claimed they can't be sent for a certain period to prevent dumping, such as having a maturation period (like Devcoin). Or even better, have UK citizens able to claim a tiny percentage of the total coins, which would be sent them gradually over the course of the whole mining period, this could be combined with a maturation period so that every day there become a few new available coins for each person. It would take a bit of programming work and a some manpower to verify the claims, but as you say most people would't claim them, so maybe only 1 or 2 people doing the verification would be enough at first. Anyone who claims later could have their claim back-dated so they get their full percentage.

Edit: idea
One way to verify would simply be to provide an UK address and a paper wallet could be sent. - Added benefit, more of a hassle to dump the coins!