Re: [ANN][Blocknet] The internet of blockchains / XBridge / true cross-chain P2P
Yes, you're right, and all spending will be recorded on the blockchain. No question of that.
On the other hand it could make sense in terms of the privacy of devs for, say, coins to be taken from the funds in larger batches allocated to, say, a given release. From there, payments to individuals could be kept private, while the amount used for a given release will still be publicly disclosed.
How does that sound?
Hmm, If that's done, it should be accompanied by a public list of expenditures that +- shows what percentages of the budget were spend on what. 'Dev pay' could be one category, but if there is a 'champaign and caviar for the devs' section, we wanna see that as a separate category!
I have no problems with you guys earning a comfortable living, but with $1000000 laying around it's just too easy to say 'fuck it, lets earn more money per month and do less work' if there is no public oversight.
And i'm playing devils advocate here because a nontransparent financial policy will completely wreck and destroy the reputation of blocknet, the coins involved and every single dev working on them. It's in your own interest to be completely honest and transparent about everything that happens. And being honest is more than just saying everything we don't know without lying, honnesty is about telling the truth in such a way that it is undeniably and independently provable that you are telling the truth. The blockchain decentralised trust for a reason, make good use of it. Decetralised due diligence is the most important thing the blocknet needs to be successful, without it it will falter and die, and a fairer, more trustworthy alternative will take it's place in no time.
/devils advocate
Make it happen guys
Make it happen right now! Put it on your website, post it in this thread, make a video about it, scream it from the top of every roof. +1
I agree completely. Thank you for this perspective.
We have every reason to be transparent and candid at every step, and this is the plan.
Stay tuned for news about our escrow arrangement, and about proof of concept code.
can we also centralize all this info in an official single place? I'm talking about a website (www.blocknet.io? ).
I'm not looking forward to browse trough pages and pages of forumposts to find relevant information. No one is.
It's quite shocking that you guys even started the ITO without a proper website. Why was that decision made like that?
I'd say these kinds of things need to be in order before the ITO ends.
EDIT: And yes, i'm deliberately acting like an entitled prick so that people with less positive intent won't be able to in the future.