Quote from: GCab on October 27, 2014, 07:45:11 PM

A few more questions:

1. The Blocknet Foundation issues the tokens and puts up all for sale? Why does the foundation not keep some of the tokens for itself? I think that would show more commitment for the success of the project.

2. Who will be working on the implementation of the Blocknet? Dan from XC, I guess. But anybody else? As I understand the developers of the participating coins will mostly work on the services of their coins, right?

Synechist, could you please address these questions?

The Blocknet Foundation does not exist yet and so it's not straightforward to create a Foundation-specific multisig address without a single person controlling it initially.

However the teams of participating coins are all particularly excited about the Blocknet and will be investing accordingly.

The people involved will have a stake in the Blocknet's success. Also, participating coins stand to benefit hugely from its success, so there's a non-monetary incentive too.

As for who will be working on the code, the Blocknet Foundation will allocate funds to developers best suited to deliver specific code. These developers may be from participating coins, but not necessarily so.