Quote from: Brunic on April 05, 2014, 04:04:43 AM

Quote from: JPGagnon on April 05, 2014, 12:03:38 AM

Quote from: Brunic on April 04, 2014, 11:41:54 PM

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.

In the case where the value goes up, it becomes a HUUUUGE responsibility. It's a lot for 1 person.

I think something like this should be built.
- You have a management team of like 3 people for redundancy. They have the passwords to manage the pre-mined coins.
- You have a third-party that possess the wallet and control the access to it, but they don't have the passwords.

Like this, nobody from management can act without the 3rd party noticing. If somebody from the management dies or disappear, you have redundancy of access. It's a way to keep everybody in check and nobody can act alone. A bank can act easily as a third-party. You just need to build a management team.

You could also videotape all the operation of moving the pre-mined coins to cold storage wallets. That way, you have some sort of impartial witness that can be shared easily to people wanting to know how trustable the operation is.

To be blunt, if that pre-mine operation is not the most transparent possible, that coin is dead.

I'll have the initial master wallet with a bit less than 21 000 000 QBC. We can split that up into 5 different wallets, encrypted, backed up to two forms of physical media. A bank in Montréal acts as a trusted third party and doesn't allow access to the vault before a certain moment in time. Fool proof method + the fact that I actually would never dream of touching the premine for illegitimate reasons should be good enough for anyone.