Had query on joining the BeanCore, it is on the website but I'll repeat it here:
A "Stake Holder" is defined as someone that has a significant investment in Bitbean (5 Million or more). Stake Holders are invited to have a key role in shaping the development, direction and market for Bitbeans. As part of Bitbean Core, Stake Holders will be eligible for their own @bitbean.org email account and be tied into our collaboration infrastructure. Much like a traditional board of directors, Stake Holders accepted into Bean Core, will have a voice in the management, and be able to take a leadership role in the Bitbean eco-system. The organization of this core development group ("Bean Core") will be based on consensus and an ownership model. Those with a bigger stake in Bitbean will have a bigger voice. Bean Core will maintain the privacy of its members and remain anonymous.
High Stakers, who own at least 5 Million Bitbeans, are invited to join Bitbean Core. To join, a holder must submit their bitbean address to verify their investment amount by email to:
[email protected]Upon receipt of their bitbean address, holders will be asked to donate (a minimum of 100,000 Bitbeans) a specific amount of Bitbeans to Team Bean to verify their ownership of that address. Upon verification, the High Staker will then be assigned an account within Bitbean Core.
Wow, even better. I was aware you had to be holding 5 mill Bitbean but not that there was a "mandatory donation", you might as well just call it a membership fee dude. So basically:
1) Buy 5 million Bitbeans despite the fact we're still waiting on things promised and "scheduled" 6 months ago with nothing but screenshots of what "is coming soon guys I swear"
2) Pay the mandatory fee of 100k Bitbeans to join the "BeanCore".
3) End up another angry bagholder posting on Cryptsy chat and other places
I actually do like the concept of the BeanCore, I just think that if the present BeanCore members are letting the coin slip so badly already they're probably not smart or motivated enough to make it do any better in the future. Because of the POS nature, those already in the BeanCore will always have a higher voice than those joining (unless someone has waaaay more currency to invest than brains), so I'll join BeanCore and then be endlessly frustrated that it makes no difference because the same "legacy BeanCore" people who have let the last 6 months happen are ultimately the most powerful "voters".
Am I wrong here? I'd love to be wrong here, but I do believe my logic is pretty sound. A good start to rectify concerns like these may be to disclose the current number of members of BeanCore and holdings of those members (pretty standard disclosure since you compare it to a "traditional board of directors).