Quote from: jl777 on October 10, 2016, 07:04:08 AM

Quote from: CryptoNick on October 10, 2016, 04:43:48 AM

Quote from: TwinWinNerD on October 09, 2016, 09:18:16 PM

Quote from: CryptoNick on October 09, 2016, 08:47:06 PM

I am sitting this one out. I am sure the ICO will go just fine. It would have been ideal if there were just a swap of BTCD and allow Notary Nodes to start mining blocks with dPoW. Then the Notary Nodes get paid by selling their coins or they keep them and speculate. Now would be the time to rethink using an ICO. The swap of BTCD would make the value the same to start or cause buying in the market right now raising the price, and at that point if you want 200M coins you raise the Block reward. I just don't see why KMD needs so many coins. Since the devs need payment, instead of an ICO just have a premine for the 10%. Then miners have incentive to mine the rest and support the network and the original BTCD holders don't get diluted initially 1.2M to 100M-200M even with the 25% it makes them a fraction of the new network. Transactions would have tx's fees to pay the BTC fees etc.

Please read the post that james wrote on why the ICO fundraiser is neccessary. If it was that easy it would have been done.

What happens if no one sends BitCoin in for the ICO? What is the minimum to start the coin?

Angel investors appear to have provided enough for the minimum already, so no worries on this

this is great to hear, good start Wink

jahl

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