Our contact in Bittrex has asked for time to verify their balances so meanwhile , Blockshares are now open for bidding at the following address:
https://blockchain.info/address/1UniQ1TiDyGbB7KXejnjUAZMEjLCyiEPeThe Blockshare program works as follows and is the replacement of the current bidding system until i can come up with something better:
Users will have
ONE WEEK EXACTLY, from now to send BTC to the above address, 80% of the block reward will go to these users for the next year. This means 4/5 goes to the donors who donate to this fund. There are a total 350 shares, each representing 0.1 UNIQ. Rather than setting a price, this is an open auction, ie the entire 350 shares will divided among the bidders, so if there is only one bidder, they will own all the shares.
Blockshares are transferable to other users every 3 months (4 transfer windows per year) The, procedure will posted after the auction is over.
The key advantages of the new system are that it does not rely on outside information and all recipients are
HARD CODED as part of the client, meaning that any block that does not pay the appropriate amount to each and every donor will be rejected by the network,
it is not possible to cheat the system.
A bit confused with all the changes. Checked on Bittrex and the wallet is under maintenance and appears to be correct but we won't know for sure until the wallet is no longer under maintenance, i assume?
With the Blockshares auction mentioned above, BTC can be sent from any wallet to that address? This is to fund the next year of development and the reward is 80% of the block reward distributed based on the amount of BTC sent to the address above? How will you identify each BTC address to an address for the UNIQ after a week?