Quote from: ohad on November 01, 2014, 03:13:31 PM

Quote from: mishax1 on November 01, 2014, 09:43:27 AM

Quote from: xenmaster on October 30, 2014, 06:38:28 PM

80% will be sold. 10% now for price discovery. but the plan is to sell them all before the genesis block. if we won't be able to sell them all, we'll destroy what remains. the dedicated 4% will be spread to the people. the remaining 16% will be used for building and maintaining the products etc.
people rent their power are getting paid in Zencoin.
There will never be an IPO since it's not shares we're talking about. We sell a commodity.
The tokens will be distributed to their owners when the network begins working. We might consider a slow distribution in order not to flood the market.

Quote from: ohad on October 31, 2014, 03:20:08 PM

Please explain, why too small? According to my math, if we sell more, it will cut the buyer's profits.
If the community will put X BTC for %10, so each coin will worth twice than if it was X BTC for %20.
In addition, recall that this is only the first sale. On the other sales, the price will be >= from this price-discovery sell.
If I missed something, please explain.

Some dilemma with real world service that is currently valued by the dollar.. You can't provide real world existing service and assign it to the bitcoin value (not in this era anyway), just like with Storj ( cloud storage) , the second the bitcoin price goes up its btc value will go down and the other way around (in some way it supports bitcoin value since if the btc drops in value the will be more demand for bitcoin to use to pay for storj service, but that's a story for another day).

Am I the only one thinks that the base price should be evaluated by electricity costs+hardware costs/profitability+real world market price of these resources+whatever ?

Lets say you manage to sell the 80% zencoin for 8000BTC (At its current price of 350$) and the next year the bitcoin costs 1000$ , do you think that demand will overcome the supply and people will pay X3 times more for Zennet resources instead of google's supercomputer ?

And I still don't know how one gets zencoin / pays for the work.

Quote

The coins will be distributed proportionate to the amount each buyer bought in BTC/USD (average) value (in order to be fair to all buyers disregarding BTC ups and downs. It doesn't matter from our side), and not according to a fixed price.

So we fixed the BTC/USD value problem.
Now this problem is only one-time. Once all buyers get their Zencoins, Zennet has nothing to do with BTC, USD or DOGE - Zennet runs on Zencoin only.

That actually doesn't fix the problem for the btc holder.. you miss my point.

A BTC holder that believes the btc price would go up he would not spend his btc on a service that is currently being valued in dollars.
There is no reason of investing using btc, it's just like selling btc to dollars to invest in a start up, and that there's a good chance that if the btc goes up you probably won't get your btc back.
If you buy with 350$ now and the btc goes to 1000$ your 350$ will still be worth 350$, it's actually a waste of btc.

So, if an investor believes that zennet is a better investment than btc then he would invest his *dollars* in zennet.