Quote from: Hueristic on October 30, 2014, 11:57:37 PM

Quote from: xenmaster on October 30, 2014, 05:44:29 PM

Quote from: Hueristic on October 30, 2014, 05:37:09 PM

Quote from: xenmaster on October 30, 2014, 05:31:11 PM

Quote from: Hueristic on October 30, 2014, 05:29:38 PM

I don't quite understand the need for the token. Why not just sell shares that generate a percentage of the network profit to the initial investors and have the network power purchasable in BTC (or any coin for that matter)?

Because there are no future profits.
The payment on Zennet is directly between the provider and the publisher (bidder).
No middleman at all. No fees. We (nor others) don't make a dime after the Genesis block is out.
In addition, using existing coins is impossible due to technichal reasons (also discussed on this thread).

I'm not that bright these days so can you link me the post that explains why a renter cannot purchase with a btc address and when confirmed the contract is provided and when fulfilled the address that was paid then pays the recipients and also the share holders?

Days aren't bright for shares issuers and exchanges. We're of course neither. Zencoin is not intended to be a currency, not to mention shares. It is designed and intended to be used only within the Zennet network, to use computational resources. Hence, it is a commodity and has to be treated as such. Recall that we all know how much it costs to rent hardware. Zencoin has an intrinsic value, like commodity, and unlike pure currencies, and of course is not a share at all (no profit share, no voting..).

The main reason that BTC is inadequate is that the Micropayments protocol might require an initial time of even 30-60 mins until the computational job will begin. This is of course unacceptable (even 5mins aren't).

I'm not going to spend the time to pick this apart, but I will say these arguments you just made are beyond thin. I no longer have any faith this will exist at all and it will be a money grab. To bad it's a great Idea. Hope I'm wrong.

If you find a problem, please tell and I might learn something new. I cannot figure out anything from what you said. If you want a deeper understanding of the mentioned subject, there is more info here on this thread.