Quote from: guncoin_support on March 28, 2014, 08:27:41 PM

Quote from: BitcoinTate on March 28, 2014, 07:50:21 PM

Can you explain more about this:

Quote

10% (50,000,000) of the coins are premined and allocated directly to the initial IPCO Fundraising Campaign contributors.

What are you planning to do with the IPCO exactly? Development? Advertising? Any sort of roadmap yet?

I can see you have attracted a lot of attention outside of BitcoinTalk and I can see this being picked up rapidly by 2nd Amendment supporters. I myself firmly stand by my right to keep & bears arms and feel it is being infringed upon right now in many places in America.

But at the same time I can see this attracting a lot of negative attention from the feds. What exactly are you trying to accomplish with this coin?

The IPCO is being used for quite a few different things. The $USD Fundraiser that we had originally run (expires in 6 days) has been spent on advertising as fast as it has came in.

The Core Team has already spent a lot of money out of our pockets on initial development, servers, hosting, domains, advertising, web design and more. Some of the IPCO will be used to counter those personal costs.

Remaining IPCO will be used for further development and customizations and potentially more advertising.

Regarding negative attention from feds, we are not worried about that at all. We are not offering anything outside of the law here and I believe the feds will see that for what it is. In fact, we have had some very vocal law enforcement (and retired law enforcement) supporters already. We are trying to accomplish two goals with Guncoin: First, we are getting people interested in Cryptocurrency who are not already interested in Bitcoin and know nothing about it. You can look at our facebook and twitter pages to see the expansive demographic of people interested already. Secondly, and most importantly, we want people to use Guncoin for their transactions. It really is a nightmare processing transactions for online firearms-related purchases right now. PayPal is completely anti-gun and most transactions are currently done with cashiers checks, which in turn makes the transaction process take way longer than needed.

Thank you for the response! I definitely know what its like to spend money out of pocket to launch a coin, not to mention the time you spend.

I definitely see the potential this has to bring attention to crypto currencies from outside the existing community. This is definitely a great niche for a coin. The more I think about it the more I see your point. As long as someone who is selling has an FFL and abides by existing laws there should be no issues.

Very interesting approach to announce a launch so far ahead of time. But I can also see the news of this spreading rapidly. I wonder what the NRA's response would be to this? Have your tried contacting them yet?