I should not have suggested this change, and I especially should not have put this change into the whitepaper without discussion first. James is worried that he was not contacted, however the truth is that everyone should have been contacted before such a proposal made it into a document as important as the whitepaper.

We value the initial money you gave us during the crowd sale. As our initial funders, you are the reason we were able to work on Sia full time. You took a big risk on us, giving us cryptoassets (a mix of Nxt and Bitcoin) valuing approximately $100,000 at the end of the fund. We were later able to use this to leverage a large VC seed round, and secure a long runway for the first stage of building Sia. You deserve better.

I've changed the whitepaper to reflect the original agreement, 10,000 sianotes total at 0.00039% each. I do not believe that I will be changing either of these numbers again.

If you are looking to sell large volume of sianotes, I am willing to consider putting up a buy wall on the exchange. The price chosen would be maintained for 2 weeks, giving everyone who wants to bail an equal shot at getting out. There would be no limit on the number of sianotes that could be sold. We've already got a buy order for 43 sianotes at 2000 each, I can increase this to whatever is necessary. This also gives other people a chance to beat my buy wall (pricing at 2001 for example) if they have confidence in the sianote.

====

We're making good progress on the closed beta software. Closed beta in the next week or two seems fully reasonable. Open beta by the end of the year also seems reasonable. When we switch to open beta, we will open-source our codebase.

Thanks to everyone. I owe all of you guys for getting this far.
[/quote


So now you go back to 3,9% fee?