Quote from: DarkhorseofNxt on November 02, 2014, 12:51:12 PM

well, completed my month end reports. so back to crypto.

bee7, i am composing some plans for the step 3. I think i have some solution to that "problem" issue in our pm. Once i have it written, i will send you a copy for your review.

back to our development, where did we stop, what you need to be done, let me know.

I see it feasible to implement exactly as I described - with semiautomatic (the asset tranfer tx id has to be manually entered by a holder to a website I will develop) pull from NXT blockchain.

So, now we need to define these key coin properties:

1) the total supply to be initially issued
2) the block target time
3) The minimum and maximum coin stake age
4) the yearly PoS interest

The other parameters are to be defined in the next step.

One more question: is the community going to stick with 'Reserve Share Unit' name for a single unit of coin to be created or the community would like to use more common word 'coin' for a unit, so the name of unit became 'Reserve Share Coin'?
I need this to know in order to prepare the wallet's source code.

As for the Proof-of-Burn concept, I already went through the whitepaper. I still have to read through the discussion in the mentioned thread, but presently I think that this will not bring any advantage, but it will make the things more complicated instead. I will share my opinion as soon as I get through the thread and formulate my arguments.

bee7