There is some method to my madness   The values of the bounties are based on quotes people sent me for various cryptotech services. They're little on the high side to entice people to fulfill them, however the longer they stay open, the less the reward will be. I'm going post an other update in the next little while, I'm also going to restructure the IPO before I release it tomorrow.

To be honest, I thought more people would be jumping all over this coin and although I'm not complaing about 100mh/sec (and climbing, thanks everyone), I just anticipated a bigger following. Needless to say, this coin will work if it becomes tradable somewhere, perferably on our own site. I'm going to pay around 1,100 MTC in bounties tomorrow and if nothing else gets fullfilled, each coin will still be backed by $0.59 in precious metals in 30 days and $0.38 in 60 days (8640 coins in circulation). In short, we have some time to round up a good team, the sooner the better obviously. Once we get started and people see the reserve grow every few days, things will change.