Quote from: k2_1971 on May 10, 2014, 01:29:49 AM

Quote from: cameronpalte on May 09, 2014, 11:36:53 PM

I'm curious about the folding coins being premined - how will that be managed - if the coin bloats in value what is to keep a developer with access from selling a bunch of coins and getting a bunch of money before running.

Integrity, plain and simple. And the rest of us will have to put faith in and trust that the dev team have the integrity to reserve the 76% that were pre-mined for those that fold. If that 76% were to suddenly be dumped onto the market, there would be nothing for folders to receive, and it would completely destroy this project. Which would completely invalidate all of the work the dev team has been doing for the last several months. To the devs - transparency is KEY. This has to be addressed, those mining/folding for this coin need to see the wallet address where the pre-mined coins are stored and be able to follow the transactions in its blockchain.

In my opinion, the feeling that I get is that we can trust the devs to do the right thing. Believe me when I say that if my instincts were different, I would have no problem calling them out on it (see my posts on the Aphrodite scam coin thread).

As with any alt coin release, I can fully understand yours and anyone else's concerns. If you want to play it safe, don't invest any more resources into obtaining this coin then what you can afford to spend (mining/folding/investing on an exchange). Or don't mine/fold for it at all. I for one plan to mine the shit out of it.

Integrity is indeed key in many aspects of life. I have the domain curecoin.info reserved but not yet active. This domain will hold a fully transparent ledger of all transactions that are done with the folding funds and dev funds. I have openly shared my identity in various places, if you have not yet followed me on Google + here is the link to my personal page. https://plus.google.com/u/0/+joshsmithCygnusXI Add me to your circle and feel free to Google chat with me. I plan on hosting Google hangouts to discuss Curecoin and its making, among other items.

I intend to run Curecoin in a 100% transparent manner. Curecoin is compatible with TX messages and all TX for the ledger will have comments for intended use and dates for an easy human readable ledger system.

Thanks for the support, don't forget to follow me on Google Wink

Joshua Smith AKA CygnusXI