Quote from: pnosker on September 12, 2014, 11:06:59 PM

Quote from: Kevondo on September 12, 2014, 10:59:39 PM

Quote from: pnosker on September 12, 2014, 06:21:09 PM

Quote from: Kevondo on September 12, 2014, 05:55:49 PM

Quote from: criptix on September 12, 2014, 04:16:10 PM

Quote from: Kevondo on September 12, 2014, 04:10:51 PM

That Doesn't sound Veri Democratic.

More coins = more votes. Humm!!

Why so? People who were putting more in the fund are risking more then people who didnt.
I think thats a good incentive for people to send vrc into the fund.
I.e. it would suck if a troll that has no vrc in the fund would have as much votingpower as me who put thousands of vrc in there... tbh that would be not veri democratic ughs

I strongly disagree.

One Person. One vote!

Pat,`
   You're comparing apples to oranges. POS isn't a Democracy.

   In a Democracy everybody is equal. Because someone has more stuff doesn't entitle them to influence decisions affecting the entire community. One person, One vote.

   The suggestion that every community member contribute 10% of their holdings isn't binding. It's up to the individual holder how much they "invest" in a proposal concerning fund raising. The reality is it won't be strickly adhered to. Some will give more. Some will give less. Some will give nothing.

   In the purest sense a vote should be taken by the community BEFORE asking for contributions and with what the funds raised will be used for clearly spelled out. This should occur prior to kicking off a campaign for capitalization.

    James' magnanimous gesture (assuming no hidden agenda's) of returning the 536,042 coins raised (and anymore of the 2.6 million he required) to the community had stipulations on how it is to be used.
1.The dev's must be in favor of any project to be funded.
2. The community gets to vote on it.
3. The result of the community vote would decided the fate of the proposed project.

    Now it's being said a "weighted vote" will be used to decide how, when, and for what purpose the Veri-SuperNet Fund will be utilised. This method gives a contributor votes in proportion to the amount of Vericoin they transferred to the funding drive. It is not a Democratic vote. Those in the community who didn't contribute are effectivrly excluded from having a voice in what the community is proposing.
    Humm! Sounds something like a "Special Interest Group" having it's way because it gave money to ensure the vote came out in their favor. It certainly isn't Democracy.

As far as I am concerned, those who donated get to choose where their money goes. I'm not the final say in the matter, however. But that's my personal vote. And it makes sense to have it based upon the coins that were contributed as those people put more currency at stake. But we should definitely hold a discussion to see what people's thoughts are.

If that 536,042 coins were a crypto network, it would be decided by the majority votes according to coin count.

But the Veri-SuperNET Fund isn't a crypto network. It was given by James to the Community with it's use to be at the discretion of the Community.