Quote from: Monkeys on October 02, 2014, 09:48:56 PM

I completely understand that coding takes longer than predicted, almost always. I know a few coders of different sorts and they are always, without fail, missing deadlines!

I don't exactly understand what it is, definitely procrastination seems to play a big part, but also obviously there are always ubnforseen hurdles and bugs in the code which can take a long time to figure out.

It's cool though, I really hope we get a taste of what is to come soon!

Also, I've talked about this here before, and I think it is time to discuss it again. What about some sort of competition or incentive for people to buy and hold coins?

I've suggested some sort of community managed bounty for anyone who refers a new member (someone who hasn't posted in this thread at all, but not a newbie account) and convinces them to download the wallet and buy at least 1000 Root and stake for at least 1 month. Then they can receive a bounty from the community, something in the order of 50 Root each or so (50 for the referrer and for for the referree).

I know it might sound a bit tacky or whatever, but I honestly think it is worth a try. I will offer up 500 Root from my own holdings to contribute to the rewards / bounties. If we can get another 5 - 10 people to offer up some coins for bounties then we could theoretically get another 30 - 40 even more new people involved in Root and holding coins. This would ensure security of the network, increase the price somewhat, and also keep trade volumes up! Look at the volume now, less than 1 BTC in 24 hrs on Bittrex...

Whats the worse that could happen? Either nobody takes part, and the coins don't get handed out, or people do take part and then most of them dump their coins after 1 month and take their small reward, also really not that bad of an outcome. I am confident that if enough people get involved and hold for 1 month, that within that time the release of Bitkey and the imminent development of Rootex will be enough to hold their interest and they will continue to buy and hold more Root!

What do you think Studio?

man, thanks for taking the time to get involved. I think some kind of incentive / referral is a great idea, could possibly be managed through the official twitter. We need to look at the practicalities of making sure that its not abused but in theory I think its awesome. My only concern is abuse of it really, you know how this place can be.

to avoid abuse we could maybe do a giveaway something along the lines of if x % of the network is staking and you hold xxx amount of coins or more and follow the official twitter then you get put in a prize drawer.

dunno just throwing it out there but I agree, we need some promotions.

This encoourages people to hold and to stake and also people to buy hold and stake