There's something in the terms that suggests BTC raised from this round faces the risk of being diluted to 10% in a future round. I'll see if I can dig up the reference - could the dev elaborate on this?
Here it is:
http://storj.io/CrowdsaleTerms.pdf
"To reward early adopters, holders of SJCX at the time of creation of new coins will automaticallybe given at least a 10% stake in the new versions of Storjcoin. This will allow us, and other 3rdparties to experiment with new blockchain technology before integrating it into SJCX, butmaking sure that SJCX holders get their fair share in the interim"
So whatever stake a buyer gets could be diluted by 90% in some future round? Am I reading this right?
No, this doesn't mean new SJCX will be created, they mean that they might create other decentralized apps with their own coins, and if you have a SJCX you get a share in those new projects too - sort of like Bitshares PTS.
so by new versions of SJCX you dont mean that the coins (and coin system) that's currently being presold might be replaced by something else that replaces the entire system. You're only talking about additional stakes in supplemental apps that will be build on top of the foundation. So people will retain the same stake they had at the start a it wont be diluted?
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