In that regard, Simcoin sacrifices some resilience for speed and reliability. Ripple's solution is almost centralized, it's strange they didn't take the same route...

Prof. David Mazières, head of Stanford’s Secure Computing Group, reviewed the Ripple/Stellar consensus system and reached the conclusion that the existing algorithm was unlikely to be safe under all circumstances. Based these findings, we decided to create a new consensus system with provable correctness. This effort, led by Prof. Mazières, is underway. His white paper and the accompanying code are expected to be released in a few months.

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.

Most importantly though, I feel very obligated to stick to the 0.00039% value that I've repeated many times. I've encouraged everyone to make decisions around that number and not any other number. Changing that number means we're altering what we told people to expect when they were making their investment decisions. People who chose not to buy may have decided to buy in the event that each sianote would actually be worth more than 0.00039%.  Furthermore, if we create a precedent for changing this value, you lose the security of knowing that it won't decrease. If we decide later that a 10% fee is actually bad (because Storj, for example, ends up being 10% cheaper) and we need to reduce it, do we also drop how much a sianote is worth? How will that affect people who have been investing in the sianote?

I realize that changing the total fee is a big move, but I am trying to do the right thing. If it ends up being a major source of contention, and you guys feel universally that you are being cheated because we raised our fee without including you, all that will happen is we reduce the fee back to the original 3.9%. I feel that this would hurt Sia overall because it affects the number of people that we can hire, that affects the quality of the product. But I would much rather set the total fee at 3.9% than set a precedent of adjusting the income provided by the sianote, even if the first adjustment was upwards. I don't  think that I would ever feel comfortable adjusting the number down from a previous amount (if I did decide to set it at 0.001%, I would never lower it), and that would back us into a corner if we suddenly realized that the fee was too high, because either we have to fully take the hit ourselves (to isolate our crowdfunders) or we have to lower the value of the sianote back down from 0.001%, which would violate expectations that we had set.

I'm willing to work with you guys on this, but I'm very nervous about straying from the 0.00039% value that I've repeated so many times. I don't think it would be right to adjust those expectations.

Yes, the total amount has increased from 3.9% to 10%, the % that crowd funders hold is the same as always, "One Sianote can be directly converted to 0.00039% of host income from renting storage, or 10,000 for 3.9% of all host income from storage. Currently, there are approximately 1250 sianotes in circulation, or just under 0.5%." 10% isn't a finalized number, but I think that it's a safe number for us to pick. The risk of course as we increase the number is that people will be encouraged to use a fork instead of using us directly, but I think that our network effect in combination with our software (which will have multiple full time developers working on it being funded by the 9.5% in control of Nebulous) will bring both advantages in efficiency and usability.

how to get siafunds?
--and where is siastock (from the title of his thread) in the picture?

I would like to nominate Come-from-Beyond, initial Core Dev of Nxt, for guiding Nxt through it's early development, creating a large community of core devs and supporters and having a big hand in creating one of the most (if not THE most) advanced and widely adopted cryptographic platforms in the world.

Profile: https://bitcointalk.org/index.php?action=profile;u=46556
Initial Nxt Dev Thread: https://bitcointalk.org/index.php?topic=345619.0

2 guys bought all Nxtblg's Simcoin asset. There are no sells because they probably bought it to own some Simcoin not trade them on AE.

Wow crazy James from nxt has over 1/3 of the ipo shares  

On the payments, I made one of them from our community funds (33,700 Nxt) to this account: https://nxtblocks.info/#section/accountId/NXT-BKPE-L5KH-2C5D-BKDXS

way underpriced

Why did you decide go via the NXT AE?, that method enriches/favors NXT holders and means putting in additional steps to buy the shares for investors who aren't holding NXT. and additional steps for the issuer to cashout to BTC. It's a tedious process to sell often via BTER and means taking haircuts either side if the liquidity is not there . Basically a lose/lose unless you as issuer are planning on accumulating NXT or a buyer already rich in NXT

If you do not have an Nxt account, create a public key and sign that I am to hold onto your sianotes for you. When it is time for you to claim your sianotes, you'll need to sign a statement telling me where to send the sianotes. I don't want to get an email from a scammer who is claiming to be you, and then send your sianotes to the wrong place. (again, you only need a public key if I'm holding your sianotes until a later date)