Re: [ANN][Blocknet] The internet of blockchains / XBridge / true cross-chain P2P

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.

Quote from: strunzdumm on October 30, 2014, 12:00:00 PM

Quote from: synechist on October 30, 2014, 11:58:16 AM

- 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.

The whole idea is interesting, but the truth is you guys don't need 2500btc... The idea has potential for a higher price then 25k sat but is it worth that right now? No. The price will inevitably go down bellow ico price and the only way it wouldn't would be if massive buy walls are put in place by a whale. Which isn't going to happen because they too know the price is over valued for just a concept. If you asked for less btc at a lower price for the idea, the value would have space to grow naturally, the price will almost certainly get dumped which simply isn't healthy for it. The difference with that structure is that you guys wouldn't get to walk away with close to a million dollars if the project fails.