Quote from: toadrw on May 09, 2014, 05:10:26 PM

tl;dr Take the language out about charities supporting this coin unless it is verifiable. Get a third-party escrow to handle the pre-mine and let the charities control their wallets.

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Already the American National & British Red Cross, Barnardo's, Macmillan Cancer Support, Oxfam and UNICEF are all accepting Donationcoin so you can start to help people straight away.
Wallet Addresses for each charity can be found in the 'Supported Charities' section of our website.
Each month the wallets of each charity will be put up on exchanges for exchange to FIAT via BTC.

I support your coin, but I have a few issues which might give people pause when considering Donationcoin and I think you should consider revising the preceding text. I would consider removing the first line completely. In addition, there is no proof that any of the wallet addresses other than maybe the BloodBankers addresses is actually owned by the respective charity.

In my opinion, the best thing for this coin (as most people do not trust premines no matter how good the intentions) would be to put these coins in escrow with a trusted third party. When the coins mature and organizations such as the British Red Cross begin accepting them they can verify their wallet address through an official Twitter account, a page on their website or some other official means (not an email as those can be easily forged). Once verified the third party can then transfer the.

To the skeptic what this looks like now is that names are being thrown around which really don't officially support the coin. People are being asked to donate to wallet addresses which are not officially supported by the charities. Both of these throw up red flags to new miners of this coins.

I understand that the wallets are there to convert DON to FIAT and then donate FIAT to the charities, but what needs to happen is that you need to donate the DON and let the charities convert to FIAT from their own wallets. There is very little trust in the community for premined coins in addition a premined coin which also asks you to donate to wallets addresses that they also own provides even fewer assurances that this isn't a scam.

I'll say one last thing with regards to scammers and I'm speaking in general and not about this coin or its creators. I've seen quite a few scamcoins for coins which actually had promise and the potential of the coin to be worth millions for the creators was ruined so they could make a few thousand dollars. They essentially gave away the potential to make a few million in order to make a few grand. I think that this coin has the potential to become widely used, however, transparency and trust is needed in order for this to happen and I would hope that if there were any intention to defraud miners and investors that the creators of this coin or any new coin would think about the long-term potential of this coin rather than trying to make a couple of thousand because that will not last long. Good luck.

Trusting a third party or escrow is not possible with Donationcoin as we are the developers and solely responsible for this coin as its not a product but a crypto currency that in itself is a big responsibility. Soon we will be adding more charities as we are in contact with them daily many have approved but they dont understand crypto currency and need some training first. Even you know an average joe on the street doesn't know how crypto currency works. The majority doesn't even know about bitcoin but with time and meetings they will understand what donation coins is. We have set a timeline for our projects and meetings with these charities and you will be updated as we continue to add charities and update the donation system to a virtual system being used for donation coin. Thanks for you input I appreciate it.

Muiz Rana