You have to work on other projects?
I'm very flexible at the moment.
The more donations I get from you guys, the more work gets done, faster.
As easy as that.
I get no donations--> work will get done too... eventually, just slower.
And everything in between.
Rule of thumb: Donation of 100$ equals a day's work.
BTW, I have a few awesome/ridiculous ideas about funding, I will talk about them later. Time to let the capitalist in me shine!
And no, they won't involve "funding through coinbase".
Why not set aside some Coinbase to pay for full time development?
Since it's introduction within DASH, Coinbase payments to the project team, they have gone from $20m to $90m
...and bitcoin's marketcap has gone from 0$ to 1000$ without the need of any such schemes.
Funding development through coinbase is a sacrilege, if I ever start talking about "taxing" the miners I want someone to put a bullet in spreadcoin's head.
One of the most important features of a blockchain is its
immutability, that miners/investors can expect the parameters (especially those of the coin creation) to
stay the same forever.
Funding the dev is not "that" important (I'm just an inventive dude with a hamster) that we should throw our principles out of the window like DASH has done so often (premine-accident, going closed-source for months, funding through coinbase, ... )
But hey, they can do whatever they want, it's not my business. But their "practices" are not compatible with Spreadcoin is all I'm saying.
Stay tuned for more revelations!
When you read the original Bitcoin white paper, Coinbase rewards are basically a bribe to mine. It's a temporary measure until the network has enough users to pay fees.
The Coinbase mechanism is dependent on the network having significant value and uptake.
There are different ways that can be achieved and they are independent of the Coinbase rewards. If it were otherwise, Coinbase rewards on their own would be sufficient for a coin to be successful, which is plainly not the case.
On Spreadcoin you Georgem give the network it's value. This will eventually change when the network reaches a critical escape velocity and code can be contributed to by others without knocking confidence, but until then your inventiveness, your time and your skills are intrinsically tied to the value of the Coinbase rewards.
So your argument is, at this time, not one of taxing the miners because they profit because of you. If you are paid by the Coinbase to work full time on the Project, both you and the miners win.
I know the current situation won't change, but my argument is valid. You know I'm right.