Quote from: charptype on October 07, 2014, 09:46:46 PM

You missed class. Many ideas including the type of discount you proposed have already been circulated in the past day and a half. Let's wait for revision 2 now. If things go well enough funding might no longer be such an issue.

Quote from: BrewCrewFan on October 07, 2014, 09:39:19 PM

Alright, here I am, one of the "silent" holders who rarely ever says anything. If my post gets drawn out and I begin to ramble on pointlessly on one point, I want to say ahead of time I am sorry... so here we go:

First, my main concern as a miner and even an investor in this coin, what I look at is how much something like another coin is going to effect my initial investment. Like always, there are 2 sides to this coin. The first reason for me NOT to support this is because it could/would draw money off the main investment. On the other hand, seeing how the devs are bootstrapped for money the way it is, they need funds. Clearly, not many donate ( I have donated at little bit, but it is small when you look at the over all costs ).... so that leaves the funding issue. Now, with funds coming in , they could also build onto the original Fibre... and it could help the value.

Most of that above about value is a crap shoot really.... is it something that is worth the risks.... that is something that has to be decided.

You can not hardfork the coin and raise some fibre ... why? Well, main reason being is that many bought into the coin with a set amount of coins minted. To raise the supply would mainly mean more in circulation, causing the coins held currently worth less. Inflation. Never ends well.

At this point, I understand the need for funds. I am also leaning more to agreeing with the new coin BUT.... and this is a STRONG BUT... this has to be carefully thought out.

One thing I was thinking is if it has been decided to launch a new coin with an ICO, that there should be a perk. What kind of perk you ask? Here is one way:

Giving a discount for people who buy into the ICO with fibre. Now that is not to say that all of the ICO should have this option, but a set X amount that can be bought with Fibre.
This can even go into a 3 tiered system, with the bigger discount going to people who have held coins over a certain amount of time ( am not sure if you can verify coin age, but maybe a verifying addresses via the block chain to check this stuff out ), middle one going to the ones who just bought fibre and like to pay it that way or have "newer" coins, and then one for BTC. The BTC one to be set to make sure you still get the funds you need for the ICO. Then have an address with both the fibre and BTC coins... and then you have two pools to dip from, where even the fibre coins used for the ICO can be used on fibre dev.

With that said I need to let it all set in again. The bottom line is that the devs need money to further the coin. Nothing is free. If you all recall none of them have a premine, nor any extra coins that they saved for themselves. The are pretty much starving artists in a way, going broke doing what they love. I the day and age where people are willing to piss away BTC on coins that are just starting out with nothing but promises... I see no reason this ICO could not gain steam. The devs have proven themselves.

Well I dont have time to read upteen pages of stuff IMO. This is the reason why I never respond to anything.