Post
Topic
Board Announcements (Altcoins)
Re: [ANN][Blocknet] The internet of blockchains / XBridge / true cross-chain P2P
by
synechist
on 30/10/2014, 12:11:16 UTC
the only thing I don't get is why dev needs so much money? 1 million bucks, thats pretty greedy to my taste. And I'm not sure if the market will be able to support the 25k sat price at a 10,000,000 coin money supply


2500 BTC is a limit, not a required maximum.

It's there so that people don't buy *more* than this amount; hence it's to prevent pumps.

If we raise less, then the remaining BLOCK will be destroyed, and the project will move ahead.

So really the situation is:
- we don't *need* 2500 BTC, we need a minimum of 850 BTC as stated in the OP.
- but 2500 BTC will maximise the chances of success of the project
- it's entirely up to public demand to determine how much funding we get.



Then why not just lower the amount to 850 then ?


Because less risk is better than more risk.
- but 2500 BTC will maximise the chances of success of the project
There is a chance the projekt can fail?

Of course. There are competitors, there are incoming regulations, software development can get delayed or get expensive... the list goes one.

Hence the need to minimise risk. The more funds we get, the better the chance of success.