On paper, yes it does make sense, but in reality, this practice can be use to control and destroy it. it's impossible to have a perfect solution.

But I have an idea to build on the previous mention by Malbee, not just implement a scaled structure but also a cap.

1 - 500K = 1 vote
500k - 5M = 2 votes
5M + = 3 votes

These numbers are just an example, but capping the maximum amount of vote would help the richer have more power without crippling and voiding the vote of lower holders.

This would be a better compromise over the possibility of unlimited voting power of richer people.

I still believe that it should be one member one vote, having more coins should not give you more power.

This would make WC a better coin for investors, not worrying someone can buy his way in.

There's always a risk, but R.R. isn't a dick like Kanye lol

Bryce confirmed the Blocktech partnership, that's enough for me. This has to be one of the less worrisome coin of the last couple months.

I when on the site and the Q&A... the site is a store which is shouldn't... the coin should have it's own site independently fro a store front. and the Q&A has ZERO information about the coin, just random statement about real silver.

Your ANN has this: " I am not talking about imaginary 100% returns from an imaginary POS coin. Real returns with real .999 silver." and your Q&A says "
Can I have the silver sent to me? No, There are so many rules on what you can and can't do with silver and what creates difficult Tax hurdles."

This kind of stuff is why people complain, it's incomprehensible.

100% premine coins exist and did well... they all have a proper plan and explanation on how the coin would be manage.

Right now it feel like a teenager in his parent's basement will be getting all the money. Where's the plan? the escro? the accountability the money and premine will be use properly and protect investors?

The concept isn't bad but you need a hell of lot more in your business plan then this ANN to have people join in

unfortunately, we live in a time of scams and not innovation. Random claim can't be make without proper inspection and transparency is needed in multiple cases.

My main complaints aren't that the idea has no merit but the lack of information, planning, explanation and expectation makes it look like the worst possible investment.

We buy silvercoin from you, you use that money to buy real silver and stash it somewhere, at any moment we feel like cashing out, we send you silvercoin and you send us silver. That's pretty much the idea.

In this concept, we'll need to know who you are, where you live, where your store/office is, a legal contract stating your business model. Without that we can't sue you if you just decide to say "fuck it" and run with the money. An actual legal entity needs to be responsible for this otherwise it's just a scam. Now if you are now in business of buying and selling silver, you need to pay taxes and shit. Also you need to ship us the silver when we cash out, shipping costs will be expensive, you know how heavy silver is.

So now you have all those expensive cost and fees, I'm not paying for it, what a waste of money. I'm sure you don'T want to pay for it either. So how are you suppose to make a 2-5% return a year again? Specially if the price of silver goes down? Don't forget your guaranteed that return.

So tell me again why I have no clue what I'm talking about?

omg seriously??

First of all crypto backed by goods is pretty much going against everything crypto stands for! Now the coin can be manipulated by market and government... way to go!

Second, 94% pre-mine? really? you do realize how ludicrous this is right?

Third, stop playing with your imagination? WTF?? without imagination, crypto wouldn't have happened!

Mining with my washer and dryer? LOL  Not energy efficient

Although I like your idea of the pre-mine being spread over X amount of years. you gotta be kidding with a 20% piece of pie!

Also, 100B coins?? why so much?

Yes if you're goign to do SHA, do KGW, otherwise if your coin is successful at first, the asic will eat it up and once the flavor of the week dies off the network hash won't survive the difficulty.

whatever port you want.. just match the same port on both your miner and conf file

I got tons or rejected blocks

I still think it's a scamcoin but to it's defense they were no mention of premine so you have to assume they will do it LOL

this is the first proper proposal I've seen so far, it's not asking for stupid shit and looks like a system everybody could get being, truly impressed!

I wasn't trolling nor scamming...

I pointed out you claimed to be a hero member and all that nice expertise and all but this was make from a brand new account.

Congratulation on deleting my post! That shows lots of integrity!

hahahaahha you'Re hilarious!  Try to control a decentralized movement!

bahahahah you're hilarious!

+1