Post
Topic
Board Announcements (Altcoins)
Re: ★★★★ [CAIx] ★ 100% PoS ★ Upcoming wallet features released ★★★★
by
renisel2
on 21/06/2014, 07:36:24 UTC
My original question was why you would want to reward hoarding--whether it be just for the month of June, or in the long-term.  I understand that this payout is a one-time thing.  But I have also seen information that would indicate to me that there is some possibility of future payouts of that nature using revenues from miners, games, etc.  I've seen no guarantees, but it seems to be at least potentially part of the plan.  If that's incorrect, then that answers my questions about long-term dividend payouts.

Thanks for clearing that out for me, wasn't sure where u were asking for.
It is indeed a possibility that the program will be extended, BUT this is currently being heavily discussed by the foundation, so no guarantees.
We wont release anything official untill everything has been decided.
If it would get extended, everything about the funding etc will be explained in detail.

We are not trying to reward the hoarding itself, we are rewarding loyal community members and the dividend program was the best way to do that in our opinion.
How would you suggest we should've fairly distributed the 14 BTC? Maybe you have some good ideas for us Smiley. Suggestions are always welcome.

Off the top of my head, I would say partially reimburse some retailers for selling goods in exchange for CAIx.  Throwing money at people who happened to mine the coin during the POW stage or buy it up shortly after does nothing for the longevity of CAIx that I can see.  But helping to actually make the coin useful makes it more valuable to anyone who actually wants to use cryptocurrency, rather than just mine and translate into fiat.  And, not to nitpick on your wording, but I would like to say that this isn't about "fair" distribution; it's about what increases the value/utility of the currency.

Just out of curiosity, what is the level of economic and marketing expertise within the development and foundation group?  This isn't intended as an attack.  I am just trying to get a better feel for how this is operating.