Post
Topic
Board Announcements (Altcoins)
Re: Bitmark
by
coinsolidation
on 15/07/2014, 15:03:52 UTC
Follow up question. If it were not to be coinsolidation to control / have access to foundation coins then who?

Someone or some group needs to be trusted in order to have a Bitmark foundation at all and unless a better suggestion is put forward I vote for the someone to be Coinsolidation.

But generally I agree, transparency is the key.


The Bitmark Foundation is currently a concept which has a BTM address for donations. The real Bitmark Foundation will be created by everybody here over the next year. During this time I am holding the private key to that address until we have agreed what to do.

Our goal is for the created Bitmark Foundation to be a decentralized autonomous non profit corporation powered by the community, to hire resources and staff and pay for units of work with the BTM under it's control.

Over the next year I am working voluntarily in the hope that this creates an avenue of work for many people including myself.  I am not rich, I have lowered my standard of living to the minimum acceptable by my family, a little too low if I am honest. I am living on a small finely balanced income during this process.

This is a community effort, if you all want to hire people, by attaching BTC or BTM bounties to units of work over the next year you can. Or you can sponsor work, or donate to those who commit time to the project. You can also commit some of your own time and effort. You can also leave things as they are, I am already committed.

I resisted the methods other projects have adopted to do this ethically and fairly, so that value is earned.

If our work is good, our ethics are fair, and our reasoning sound, it should pay fair dividends to those involved at each stage.