Re: [ANN][EFL] Electronic Gulden - the Netherlands [EXCHANGE!!!!]]
What a crappy launch! If you're going to make a premined country coin, at least make sure to:
1. Drum up public support in the country before launching. If you only market your coin to miners, it will be dumped and become a 1 satoshi coin before the general public hears anything about it. EFL is already dead in the water, which will make it harder to launch a serious Dutch coin.
2. Figure out how you're going to distribute the premine before launching, and make it transparent that you're really going to distribute everything.
3. Announce it before launching.
Regmann is right: most Dutch people don't get monthly utility bills. I don't think the devs are foreigners, I think they're clueless scrypt kiddies who never had to pay a bill in their life. If they're mining at home, they're going to soil their pants when their parents get the yearly settlement from the electricity company.
Another question for the FAQ: if EFL happens to become popular by a weird stroke of luck, how are you going to check 1 million applications by looking at copies of bills?
1. Drum up public support in the country before launching. If you only market your coin to miners, it will be dumped and become a 1 satoshi coin before the general public hears anything about it. EFL is already dead in the water, which will make it harder to launch a serious Dutch coin.
2. Figure out how you're going to distribute the premine before launching, and make it transparent that you're really going to distribute everything.
3. Announce it before launching.
Quote
This has to be done using our "Verified Proof of Residence" system (e.g., 2 utility bills no more than 3 months old).
Regmann is right: most Dutch people don't get monthly utility bills. I don't think the devs are foreigners, I think they're clueless scrypt kiddies who never had to pay a bill in their life. If they're mining at home, they're going to soil their pants when their parents get the yearly settlement from the electricity company.
Another question for the FAQ: if EFL happens to become popular by a weird stroke of luck, how are you going to check 1 million applications by looking at copies of bills?
+1
Also:
1. What happens to the unclaimed coins ?
2. There are millions of households in Netherlands if this coin gain some medial attention you will get bottle-necked.
+1
What about the privacy issues?
Do you guys really expect 17mln people will send their personal info to some unknown DEVs to claim a small piece of EFL? (10.500.000/17.000.000=0.62 EFL)
Well, maybe if this small piece would be worth a lot of money...
But ask yourself this question: for how much would you be willing to give up your personal info?
Even if 1= 1 EFL I wouldnt go through the trouble of scanning and sending bills to an unnkown party. Not to mention the fact that most people who have kids will have to provide additional proof ( more personal details) to claim their coins.
As I see it right now, 99% of the premined coins will remain unclaimed in DEVs hands.