Thank you for the reply. You don't have to buy trust, you guys have got a really nice setup here, so this is what makes me have interest in this coin.
All I am asking now is what will happen exactly with the escrowed premined coins in 2020 will they all be released in one go? How do you protect yourself from being greedy? Could it not be setup in a way that the release of premined coins get's spread out over years later? If the premine is mainly to keep the project going there is no requirement for all the coins to be released in one go?
I had a long talk with Sumoshi and Haruto about revealing our identities before. Both flatly refused to post anything more than their family names here. Sumoshi had some reasons:
1. He created Sumokoin because its features especially built-in anonymity in transactions and he think that will be upmost important in the long run. He chose very high ringsize/mixin (12+) as minimum privacy level (after many debates), rather a "paranoid" level I could say, for that reason.
2. He would never release the coin if he had to sacrifice his anonymity (so did Haruto), partially because the country culture, especially strict corporate culture which questions any side project outside company interests. And that's his life (not purely abt the job or salary but sth about relationship/face, I'm not entirely sure).
All guys who follow this thread from beginning may recognize that we're, by no means, experts in this field; we created Sumokoin accidentally but with a purpose: an ultimately privacy-centric coin. Everything else is up to community judgement. Some feel ok with pseudonym, some not; some are ok with 10% premined (or unknown, yet-up-to 50% like Ethereum, probably 90% - 100% in some ICOs), others may only accept 5% or none. Unfortunately, we cannot please everyone. We also don't try to buy trust by all means, some principles will never change. Investment to any coin, even established one, is a very risky business. Nobody knows what would happen tomorrow, next year or next 5 years. So, if any doubt, pls don't buy the coin. Devs are not in rush, we have a long vision and commitment to Sumokoin and that's all we can give you guys right now.
1. He created Sumokoin because its features especially built-in anonymity in transactions and he think that will be upmost important in the long run. He chose very high ringsize/mixin (12+) as minimum privacy level (after many debates), rather a "paranoid" level I could say, for that reason.
2. He would never release the coin if he had to sacrifice his anonymity (so did Haruto), partially because the country culture, especially strict corporate culture which questions any side project outside company interests. And that's his life (not purely abt the job or salary but sth about relationship/face, I'm not entirely sure).
All guys who follow this thread from beginning may recognize that we're, by no means, experts in this field; we created Sumokoin accidentally but with a purpose: an ultimately privacy-centric coin. Everything else is up to community judgement. Some feel ok with pseudonym, some not; some are ok with 10% premined (or unknown, yet-up-to 50% like Ethereum, probably 90% - 100% in some ICOs), others may only accept 5% or none. Unfortunately, we cannot please everyone. We also don't try to buy trust by all means, some principles will never change. Investment to any coin, even established one, is a very risky business. Nobody knows what would happen tomorrow, next year or next 5 years. So, if any doubt, pls don't buy the coin. Devs are not in rush, we have a long vision and commitment to Sumokoin and that's all we can give you guys right now.
.)
)))