Quote from: k0vic on November 06, 2014, 07:43:05 PM

Quote from: spatula on November 06, 2014, 07:41:04 PM

Quote from: eahmadov on November 06, 2014, 07:37:00 PM

Quote from: eduffield on November 06, 2014, 07:29:54 PM

ShadowCash Proposal Conditions

1.) Converted funds will be locked for a period of 90 days
2.) We're looking for some kind of commitment from the core team that they'd work on darkcoin for at least a year beyond this. They could work on whatever they like, at the pace they're working now.
3.) DRK Will be paid for in a 1:1 relationship, dollar wise from this moment forward. 494909 (SDC MarketCap) / 9833182 (DRK Market Cap), therefore 5.03% of the total number of DRK coins will be created on a future block, totaling 240277DRK. The exchange rate will be 31.33SDC for 1DRK.
4.) SDC users will be awarded DRK based on coins destroyed and signed (sign the private key proving you own the key). A user will send coins to a non-redeemable address, if those coins for example equal 1% (64435 SDC) of the total number of SDC ( that would amount to 2056DRK being awarded.

Evan, I had no idea you were considering "printing" more Darkcoins to bail out ShadowCash. There should be a better solution. This will create a bad precedent and what will stop you not 'print' more money in the future? Ok, I get it, we need new dev team but we don't have to bail out a failing coin. Let's think about an alternative plan.

Not if we vote.. Perhaps a small update to the masternodes to allow them to vote on items like this? This ensures voters stake in Darkcoins future as well as democratic decentralized decisions.

Agreed 100% This sets such a horrible precedent and the opposite of what Crypto stands for. The opposite of what we should stand for.

Agree too. Where is the 'you don't print money out of thin air with crypto ' ?