hi tenletters,can you keep in touch with us here if there is any progress of the side-chain project?

Okay, we have gotten PsychoticBoy's pubkey via IRC. Everybody, this is the public address multisig account:

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA256

groestlcoin multisig funding address: 3L31yhUMnn9VSc6mG9f5SChLVPb7tau5Dt
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Version: GnuPG v2

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@ tenletters, jackielove4u, et. al.,

Great job sharing all the details and negotiations of the project on this forum. I’ve not only enjoyed following along, I’ve learnt things as well. While some argue that this type of forum isn’t the appropriate place, I completely disagree. Crypto has taken open source to the extreme in the sense that even ordinary shareholders play an active role, and they need to be included as much as possible, just as you have here. Slack is great for the more technical of the technical (and github even more so), but we shouldn’t think that the average shareholder is a complete “dummy” either. Everyone should have easy access to all pertinent information – then, whether they read it or not, of course, is their rightful choice as well.

You’ve done a great job in my opinion by conducting the negotiations and reaching agreements in a public manner. It’s example that I think should be followed.

Congratulations, and looking forward to following further developments as well.

Very cool, exciting stuff.  

xpub6AKTKeyAosZSbK6ePbEpbef7W914sHvZurVwgVfAScpRSK2ZNLhTNrsuxeK8rECtyYNPLVvdsZb yu25896WkHf7kg5UF7jLnxk9w2LhZDfp

1) Please contact Coblee to arrange the escrow and send me the multisig address where to send 750.000 GRS.
2) Elements repo forked and u have been granted write access to the repo.

Hi tenletters,

This Groestlcoin address can be used to create the multisig.

FbJ5kmXt5HQVZvQmWyqqzk5qRdzgX4VtLj

Kind regards,
PB

PS: Good luck with the project

I can Escrow the funds of this project if needed.

It really sounds great, hope this project comes of the ground.

Cheers,
PB

Added you on Telegram.

3)  Liquid is the internal ledger between a few exchanges. There are multiple implementations of Lightning network (such as lnd written in Go). Have you seen this one: https://github.com/ElementsProject/lightning ?
Perhaps your next project after elements alpha or in case you fail to port elements alpha you can switch to lightning and still claim the funds? Im open for all suggestions.

7) I agree on your proposal if coblee chooses to accept it. There are 3 options:
- We send all funds to coblee and he releases the funds to you when you successfully complete this project (as in working and ready for production)
- We can use 1-of-2 multisig escrow with you and coblee. Funds to be released when you successfully complete this project (as in working and ready for production)
- We can use 2-of-3 multisig escrow with you, coblee and psychoticboy. Funds to be released when you successfully complete this project (as in working and ready for production)

Funds to be send to coblee/multisig address is 750.000 GRS. Do you agree on that ammount? Lets determine the ammount now and get that fixed. If price rises/lowers by 1 september 2017 then you still get 750.000 GRS.

2) Why the hard deadline of September, if u need 2 or 3 months extra, why dont just finish the project and keep the funds (instead returning the funds?). Im more interested in making this proposal a success.

3) Why did you choose elements-alpha as experimental sidechain and not Liquid (by Blockstream) or Rootstock?. Who will monitor and maintain the sidechain and fix issues if there are any? Who will keep the elements-alpha up to date with upstream from time to time?

6) We prefer also that you dont quit your job as we have a normal dayjob also. Just managing expectations here. If the project is not finished by Sept. 1, i rather have you take as much of time u need to finish it instead of returning the funds.

7) How can we make this concrete? The problem is not the funding as we already have a investor who wants to fund u in full. Before he transfers the Groestlcoins to me, i want to make sure that you are who u claim u are and that u are able to deliver. For example lets determine the ammount of GRS that needs to be transfered.
We have 2 options here:
- We transfer 15 BTC of Groestlcoin worth to an escrow (my choosing will be PsychoticBoy). Funds will be delivered to you when you deliver the project. The ammount will be fixed. If the price of GRS rises or gets down then u still get the same ammount.
- We transfer 3.75 BTC of Groestlcoin worth to your GRS address and hope we dont get scammed. The ammount will be fixed. If the price of GRS rises or gets down then u still get the same ammount.
I prefer to use the escrow btw.

8 ) No additional duties/responsibilities. We just keep all Groestlcoin related project in 1 place. If people wants to fork elements alpha then they can fork from our Github. It would be also nice if you could merge with upstream from time to time but its not mandatory and out of the scope of this project.

How about communication? Will you keep a blog to update the community every month about the progress? Is there a faster way to contact each other instead of email/PM. You will need the fast communication in case you are stuck and need help. I recommend using Skype (pm me your Skype address).

Care to clarify some things:

1) In one of your previous post you claim that you are "not an expert cryptocurrency programmer" but a marketing guy. When did you change from a marketing guy to a coder?
2) In one of your previous post you ask to fork Bitcoin-core and make the necessary changes so you can have a bitcoin-equihash-testnet. Why didnt u do it urself? This raises some red flags for me if u are able to fork elements and elements-alpha. Especially because we are not a simple altcoin (Groestlcoin uses Double Groestl512 for Block headers, Message, Address, Alert Messages, Script OP_HASH256. Groestlcoin uses Single SHA256 for Message Signing, Transactions and Transaction Signatures. Groestlcoin uses Double SHA256 for MerkleRoots and BIP38). We didnt just use Groestl algo for our POW. We groestlized almost everything. Thats why other coins failed to implement auxpow with us.
3) You seem to be the moderator of r/BitcoinMaximalists/ with slogan: For holders working to expand the Bitcoin economy. Why your interest in altcoins and in particular for Groestlcoin?
4) You say you are willing to accept the equivalent of Groestlcoins. I dont think you can get that much BTC raised in Groestlcoin. However the Groestlcoin equivalent should be doable. Will you hold them or dump them on the market right away? (hold because you believe in the project. Dump because you are a Bitcoin maximalist)
5) Your Github is very empty, can't judge your skills. Honest question: Will you port Elements yourself or will somebody else do it for you? Do you have a team? Will LukeJR be involved or desantis perhaps?
6) Assuming you want to work full time on this, are you currently unemployed? If not, how can you work 40 hours a week on this? If yes, what happends if you find a job in the near future?
7) You will work 5 months on this for 15 BTC. So thats 3 BTC per month. Isnt getting paid 3 BTC (or equivalent in Groestlcoins) every beginning of the month in advance much better choice for both of us?
On Groestlcoin we only work in our Github. This means you would be added to Groestlcoin project and you would be granted access to the necessary repos. Is that a problem for you?

p.s. PM me your IRC or Skype details so we can have a chat and move things faster.

I must say, I applaud your efforts. That is indeed a very ambitious Groestl project. I like the proposal but it's not clear what kind ammount of donations you are expecting. What happends for example if somebody only donates 0.1 btc? Is your proposal depending on the donations or will you do it anyway? If you want donations then people would like to see what your qualifications are to create the groestl-based sidechain (do you have a github?). Would love to get milestone reports if possible.

I must say, I applaud your efforts. That is indeed a very ambitious Groestl project. I like the proposal but it's not clear what kind ammount of donations you are expecting. What happends for example if somebody only donates 0.1 btc? Is your proposal depending on the donations or will you do it anyway? If you want donations then people would like to see what your qualifications are to create the groestl-based sidechain (do you have a github?). Would love to get milestone reports if possible.

https://vtconline.org/sf.html

Percentage SegWit (this period)   82.61%
SegWit activation threshold   75%

done

The "public" stipulation may be difficult to satisfy. Irrespective of how much support we can build, whoever accepts an escrow role is sticking their head above the parapets rather significantly (Bitfury have already threatened legal action against PoW changes, although against who is undetermined I believe)

Can the several developers not present their designs, rates and also addresses to donate to?