Re: [PRE-ANN][QBC] Québecoin - Best X11 Nation Coin - DarkGravityWave – 0.5% IPO
You two should really expand on the plans/idea for the protection of the pre-mine using bank/vault/authority. Get the process started sooner than later. That'll cost a couple grand, but if you managed to get a solid and generally approved protection, I'd be in for a lot more right now.
This would be the best selling point ever. Otherwise I'd be nothing but sorry... Nobody can trust someone over the internet. And I wouldn't want an kind of major amount of coins in the hands of a human. Just think of an extreme case... lets say QBC reached 5 bucks before these first air drop... thats millions of dollars in the hand of a vulnerable being.
This would be the best selling point ever. Otherwise I'd be nothing but sorry... Nobody can trust someone over the internet. And I wouldn't want an kind of major amount of coins in the hands of a human. Just think of an extreme case... lets say QBC reached 5 bucks before these first air drop... thats millions of dollars in the hand of a vulnerable being.
It's been the same with every nation coin so far, the devs have control of the airdrop and most people don't question it. There's been one incident of dumps of the premine so far and that's Aphroditecoin. Everything I do from this point on to secure the premine should be considered as setting a new standard in security for nation coins. Saying it will cost thousands of dollars is not realistic though, cryptocurrency security is cheap and bank vaults aren't expensive either. We'll be able to think up a plan which is provably secure as well.
Lemay does it really cost that much to house stuff in a Canadian vault?!!? If so geesh that's crazy in the states its like a fraction of that 
It doesn't, a small vault at the Bank of Montréal costs 45$ a year and that's all the security you need, you can set rules for accessing it anyways.
I couldnt care less If JP moved the premine in a vault he or "two folks from a forum" have control over loll.
They'll need some serious contract, created by lawyers and notaries if they want "me" to take the protection seriously. This is the wildest of wild west my friends, human nature goes crazy at the smell of paper bills. I'd never invest more than a slight amount of time and money, even thought I can afford to lose it all, when I know someone(s) has the power to fuck me dry easily.
So far I love what JP has done, but I cringe every time he says "I have no plan to dump the pre-mime", or how ever he words it. We're all unpretictable, anybody can go insane tommorow.
It doesn't matter if it's two forum members, the important thing is that the process is provably secure from any point of view. I'm telling you right away that there won't be thousands of dollars or expensive notaries/lawyers involved in securing the premine, even if the IPO was 200 BTC and I had extra cash to burn, the security is built in to the protocol and there are ways of making it foolproof for everyone involved.
We'll outline a plan of action and you can then find the flaws if there are any and force us to correct them before proceeding. One way of making it more credible overall was to get the assistance and approval of a well known person in Montréal, a celebrity or ideally some kind of well known tech figure. That way it's not two guys from a forum. If that's still not enough, I'll reimburse you your IPO investment and you will be able to put it into a project which will meet your required standards.
There's no reason to cringe at my promises, almost every nation coin developer has been anonymous so far, I'm not trying to be and I'm doing more than anyone so far to secure the premine. No one is perfect, but my jaw dropped with disgust when I heard about the Aphroditecoin dumps if that's any indicator on how I feel about human nature. That's why I'm so enthusiastic about making people feel secure about the entire process.
Slow day for everyone today it seems. All eyes on bitcoin.
Tough times for a lot of cryptos right now. At a glance, only BlackCoin seems to have been spared.
BlackCoin has been doing really well overall that's for sure. A few others haven't actually moved in relation to Bitcoin but haven't risen either so they seem affected from a $ perspective. I won't pass any judgement on Bitcoin though right now, for the moment it's rallying a bit but further bad news are possibly always behind the corner. I truly believe that we will pull through though.
I contacted the guys from SuchPool earlier since they had told me they were preparing a pool (I really wanted them in this project, they are Montréal based!) and they have finished set-up of the pool and it looks great and is open for pre-registration! They will be awarded a bounty and I've added them to the first post and on the website as well, take a look! http://quebec.suchpool.pw
Additionally, Louis from SuchPools has let me know that miners from Québec will get direct access without passing through any USA proxies, a nice bonus.
