Quote from: eddywise on August 31, 2014, 11:16:34 PM

Quote from: jl777 on August 31, 2014, 11:07:45 PM

There is one the one hand the concerns about my identity, and the fiat world likes to be able to threaten people with things and this identity thing will make me vulnerable. Many have expressed concern that I might be in danger and there have been some threats made against me.

So, I am making the escrow arrangement and limiting my control of the raised funds to 1%
Since this is a small percentage, I hope that the risk analysis will show that it is not such a problem.

Now in the worst case, what is it happen if the unfortunate things happens to me?

Let us make some plannings for this as we are indeed talking about significant sums of money. So, one fallback is to simply dividend out the SuperNET holdings on a prorata basis to the asset holders. With NXT, this is quite an easy thing to do, so if you own 1% of SuperNET, on this liquidation, you would get the 1% of its BTC, 1% of its altcoins, 1% of its assets, net of the costs of such a dividending. I think this is a good fallback plan to invoke in case SuperNET stops proper functioning.

Now, if I am succeeding in my goal of becoming obsolete, then there is no stoppage of SuperNET functioning, so there is not any need for liquidation. So we have the two extremes of liquidate or nothing changes.

The reality will be most likely somewhere in between. So, the first thing to do in the event I am "disappeared" is to identify the empty spots that are left. For each one, then the community can try to reach a consensus on who is the right person for that part. Let us say 30 days for identifying all the empty spots and another 30 days to find community acceptable replacements. If at 60 days, there is no hope for getting everything running smooth again, then we are starting the liquidation over the next 30 days.

I think if SuperNET is having the power it should, then it will not be much of a problem for finding the right people for the right spots.

Now that SuperNET idea is there, and once it has the funds, then it is self-powered. No single person is so very important once the SuperNET is powered up and operating. So, I hope that in 6 months, I am just advising others to help with issues they are maybe struggling with. In this case, it offers for the smoothest transition. The final decision making is really just a formality and I could just be a monkey and get it right most of the time.

James

I think you would not carry about your identity,Who care there is a monkey or someone else on the other side of the internet if he worked hard for his plan and try to make the SuperNet be realized.

James do you have anyone in mind who u would like to take over god forbid anything happened to you?