Quote from: synechist on October 22, 2014, 08:13:49 PM

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Quote from: synechist on October 22, 2014, 06:50:27 PM

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Quote from: synechist on October 22, 2014, 01:30:29 PM

CoinGateway will handle the majority of coins.

So does this mean if we buy blocknet with XC on coingateway, that coingateway then DUMPS the XC into the market and the XC price crashes??

How is the XC exchange rate calculated? Huh

?

No.
The Blocknet Foundation keeps the coins to fund development.

No coins are dumped. This is in the FAQ under the OP.

Are the coins held in escrow...or will they be sold off slowly over time?

They will not be sold off at all.

They will be used to pay for development.

We're looking at ways to hold the coins in escrow, though trusted third parties seem a little thin on the ground. Check out the FAQ below the OP for more info on how we'll handle the funds.

Isnt that a contradiction?
If you hold the coins how can you pay devolopment?

Btw. will all code regarding blocknet be open source?
Because as far as i see XCurrency is closed source? Huh

From what I've read the XBridge tech will be open sourced.

Yes the XBridge protocol will be open source.

As for selling off coins: it's not a contradiction.

- We're not selling off coins
- We're paying developers with them. This doesn't require selling them, it just requires paying developers with them.

So we're not selling off coins. There will be no dumping of coins.

yeah i though so, that would make sense - even though i guess that the coins will be sold in the end to get money in.

(im not talking about dumping, just a legit question what will happen with the coins)