Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN][QBC] Québecoin - Best X11 Nation Coin - DarkGravityWave – IPO
by
JPGagnon
on 05/04/2014, 00:03:38 UTC
Some questions:

1) Is it possible to reconsider the percentage of pre-mined coins? To lower it? Something like 24% (St-Jean!)?

2) Would that be possible to use the law to secure the pre-mined coins? Throwing ideas like that, but something like having the wallet containing the pre-mined coins in a bank safe, with some sort of lawyer autorisation to access the coins? I'm thinking, you write a contract where you can only access the coins on a specific moment (for the airdrop) and you need the law autorisation to get to the coins in a vault somewhere.

3) If the above is possible, is it also possible to audit the pre-mining, having multiple parties who can confirm that the only copies of the pre-mined wallet are those who are going in the safe?

Removing the need of having to trust the founder of the coin would probably help a lot.

1) Every detail concerning the number of coins is calculated to assure a great distribution in every aspect. I think this is one point which I'd like to keep the same.

2) and 3) - I'm 100% open to this idea and proposed it earlier after someone mentioned that the Aphroditecoin devs dumped a huge part of the premine on the market, which disgusted me. Since every airdrop (5 total, coinciding with every halving and the end of the mining period) is for 1/5 the coins, we can do 5 separate (paper?) wallets holding the same share of premined coins. If there is anyone trustable enough (Are hero members like yourself trustable or enough or do we need multiple 'heroes'?) we can simply do a regular transfer over the network from my premine wallet to 5 separate cold storage wallets to ensure that I don't have any backup copies of the wallet files in my possession and make it a trustless solution. These cold storage wallets can then be put into a bank account and have sealed access directly by the bank until specified dates in time. This is just a quick solution so please don't hesitate to propose better alternatives.