a final launch date has not been set in stone, but when one is, there will be a countdown timer set on the OP to ensure that the launch of SOIL is a fair one, and not a ninja release. the soil dev is working tirelessly on making sure that the release will be a smooth one. presently, there is work being done to streamline the GUI wallet, as well as setting up the social aspect of SOIL with faucets, bounties, etc. the view of SOIL is as a developmental platform and not just merely a speculative currency.
the testnet is up and running and the V4 package at
https://mega.nz/#!RxYmXDyC!BKSe1BZlFdTb309rol-DTknAW0x6XB7rvOwtgKVQFHA will enable anyone to come on board and help ensure that things are running perfectly. the purpose of any testnet is to allow users to comfortably install, configure, and test their software and mining setups. *EVERYONE* deserves to have the advantage of a fair start and the ability to mine on the SOIL network from the moment it launches. specifics (block time, reward, etc) are in the process of being fine tuned, and we want those to be fair and inflation proof. these will be posted on the OP as soon as final decisions have made, and in that we have asked for the input of the community of users who will be part of the ongoing evolution of SOIL. there must be incentive for people to get involved with the mining and securing of the network, as well as actively trading and becoming involved with the project.
SOIL is built to be a decentralized organization with fair oppurtunity for all those involved, miners, traders, developers of evolutionary aspects of the currency to have their voice heard and be a part of those significant decisions on what features, updates, etc need to be focused on. this is a collective project, and your voice MATTERS. your VOTE matters in the final decision making.
any well built cryptocoin takes time to compile and release. Ethereum took years and depended on a massive presale of coins. it is, as anyone following the Ethereum project knows, STILL a work in progress.. with Frontier released, there is still no exact timetable set for the release of stage 2, Homestead. for a project to be done properly, it has to be tested, and tweaked and retested. the core developmental team of SOIL will rely on the active SOIL holders to help in that decision making process. this is a project about the COMMON OWNERSHIP of a responsible and democratic decentralized currency. what do users here feel about services such as CryptoVote to ensure fair voting?
there have been many coins rushed and released that "went wrong" and died premature and ugly deaths. we dont want that to happen with SOIL. there have been many coins that have been abandoned by the developers and again, this is something that the SOIL-team does not want to see happen. the lead developer wants this to be an enduring cryptocurrency, and i have given my time to set up a social media presence and to moderate that for the long forseeable future. there have been FAR TOO MANY scamcoins released as get-rich quick schemes with massive premines and pump-and-dump strategies, leaving the asset completely worthless. this harms the WHOLE altcoin world. this is meant to be an open and honest currency, with vigorous democracy and vibrant community input. this cannot be a "just trust me!" sort of development, and that is why we ask for your input.
and, as with any project, after its genesis, there will need to be further developments. there is no presale or ICO involved with SOIL, and bounties for incentives and rewards leading to further developments (wallets for android, translations, bug finding) and faucet donations, brand exposure giveaways, website hosting costs, graphics design and costs, and tool development will require an outlay of coins in order to succeed. giveaways strengthen the currency. i got my first giveaway from XMG (Magi) which i have held on to, and has kept me interested in teh coin itself, and i have purchased more on exchanges and held them.
there are pros and cons to premining and reserves. yes, the developer gets paid for his work, he IS putting his time into the project, one which many will approach to increase the value of their own portfolios, which is, boiled down to its core, why anyone trades in cryptocurrency. bounties can be paid and coin distribution can occur. the difference here is that we can provide a public and accessible account ledger showing exactly WHERE premined or reserved coins would go, and WHY. there NEEDS to be trasparency regarding that, and a lack of anonymity regarding the reserve account should be expected to ensure trust in the developer. the more exposure SOIL gets, the more people will become involved and the more value to YOU, the miners and traders, will be effected. i understand the negative preconceptions regarding premined coins, and frankly, the very limited premine the core developer had suggested is FAR less than with most other altcoins. this inst a copy-and-paste altcoin, soil is working very hard to make this project relevant and long standing. with a small reserve set up for bounties and distribution, this will give the coin visibility in a hyper competitive altcoin marketplace. it creates an interest in the currency, especially from those users who will receive them. a LOT of people can end up with these coins which increases the possibility of a viable economy for the currency, with the hopes they dont just cash them in. even for those that DO, its free money, created ex-nihilo, with a direct benefit to the receiver. this is not saying that the developmental core has interest in dumping these coins, and the limited number held in reserves would be disbursed according to fair processes and input from the community. again, as opined in a previous post, any reserve could and SHOULD be limited to smart contracts which enable the slow release of community reserves for those purposes outlined above. an advisory board could be set up to ensure the disbursement of reserved coins be distributed fairly, and that requires your INVOLVEMENT. for the sake of transparency, i have not voted in the polls regarding premining or bounties.
with that said, id like to understand why, from those who vote against a limited premine or reserve why they feel that way. the same thing can be asked to those who responded positively towards that approach. your voice matters, and your opinion matters. another question i would like to ask is the opinion regarding hard caps to the number of coins eventually minted or perpetual coin minting. thank you for your time reading this lengthy post, but i feel an honest conversation regarding these topics makes for a healthier asset.
regards,
~abvhiael
