Topic: [ANN] (WC) | WhiteCoin | BIG NEWS: Foundation, investors & more ☯ whitecoin.info - page 150. (Read 759214 times)

A new exchange wouldn't be a bad idea.

That is nothing. Look at the price of 42Coin. When they where new I bought one for only 10 satoshis...

YC price = 1000 satoshi , WC price= 215 satoshi
I have no questions..

Buy WC now

Dear ，

       Now the price of WC is so low。
       Why don't you try hard to take it to www.bter.com.
       If bter accept WC , the price will take a rocket to moon.
       So let's save this coin.
       So many people love it.

SPECIAL ANNOUNCEMENT:

We are pleased to release The WhiteCoin Foundation Paper for public review and consultation. We couldn't be more excited to share this with you. While a bit technical in nature, this is a detailed proposal to complete the process of becoming a completely community driven coin, and more. Some totally new approaches to both organization and market expansion are proposed. We're very much looking forward to the community's feedback. Once everyone has had some time to digest, debate, and make suggestions, we can move towards taking the next steps.

Best regards,

Chris Salsman
(mogonzo)


The WhiteCoin Foundation Paper

Author: Chris Salsman (mogonzo)

Abstract

This is a proposal for creating an enduring, inclusive, community driven, financially transparent cryptocurrency association with organically expanding mandates and goals: ‘The WhiteCoin Foundation’. The WhiteCoin Foundation’s root mandate would be the maintenance, development, and promotion of WhiteCoin. Rather than depending on a small group of individuals, the foundation would serve as a networking hub for any party with a vested interest. By employing democratic and merit based inclusion models, the foundation would be able to ensure the delivery of high quality services from a large pool of talent via organized and focused crowdsourcing. By using a near flat power-structure, peer review, and project based leadership methods, The WhiteCoin Foundation would become an enduring institution that encourages a constant flow of new talent. The WhiteCoin Foundation would also serve as a medium for assisting the community supporting the coin in starting new initiatives, leveraging them to recruit even more talent. This organization would then have the brand and means to deliver a service that goes beyond the simple operation of a coin. By pooling expertise in organizational leadership, security, code development, web development, and marketing, The WhiteCoin Foundation could then offer its collective services for payment. This payment in other currencies would then be used to buy cryptocurrency (beginning solely with WhiteCoin) and payout employees. By operating as a not for profit foundation, financial resources gathered could be distributed among members at high rates of pay for their work, among other possible benefits for future activity.  By embracing a community based inclusive approach that capitalizes on the profit motive, The WhiteCoin Foundation would then have the ability to become unbound by the current coding of WhiteCoin’s software, paving the way for future innovation and financial returns for all involved. These growing mandates would in turn support the primary cultural motivation of our industry and community: the expansion of crypocurrency’s adoption everywhere.

Table of Contents (sections)

1. Concepts & Background Information
2. The Purpose of the WhiteCoin Foundation
3. Proposed Structure of The WhiteCoin Foundation
4. Proposed WhiteCoin Foundation Roadmap

To view as a google drive document click here: https://drive.google.com/file/d/0B9Ja7uLnfgtoSGFCZGxNcU13Wk0/edit?usp=sharing

(download as pdf also available via the above link)

Mogonzo, first of all this is great!  A wonderful way to get people thinking outside the box...and really working toward something that could really be a benefit to all investors.  

Question - Could you give a real world example of how the workflow would work for a particular project.  For instance, the much need facelift and unifying of the Whitecoin brand across the multiple websites. How would you suggest this would work - from identifying a project manager to final product...allowing for community involvement, but also allowing for prompt turnaround.

In complete agreement again.  It takes smart people like you to help elevate these issues and be a broken record until we see results!  Our reddit may be a good place for this kind of disccussion.  We get upvotes on issues, and tackle the top issues each day.  Would love to see that mechanism in place!

Exactly surfguy72...!

This is a great goal, but seems to be maybe a week or so from implementation.  There are things that need to get DONE.  And the committee approach might be too time consuming for what we need ASAP.  Like for instance, this branding/facelift issue. This needs to happen...yesterday. We need to put a singular, professional message that this coin is new, different through community, and thereby more valuable than our competition.   But, this is going to take the person with the keys to the kingdom (usernames/passwords) to organize and get that done.

I'm sure there are other issues like this, but I use this as an example that time is of the essence. Once these cornerstone issues are resolved, than moving to a committee/community structure makes more sense.   

Fair question indeed.  But this is where I think the community begins to pick up, and Mongonzo starts becoming a coordinator not necessarily a president/dictator/etc. (not the best metaphor really lol)

By creating functional teams, we will be able to address exactly what you are addressing.  The PR/Communications team would identify key links, info that would be preferred to be on the sites and disseminate that to the owners of those sites.

Or.  do we create one site and all the rest point to it?

Or...?

I'm looking to Mongonzo for some answers in this transformation period, but this stuff is up to the community to deciede.  When drastic measures are needed to take place in a quick time, maybe we should have some authority levels, and then post decision transparency.

The possibilities are endless!  This is like the US creating its constitution (or French Magna Carta, or other docs in history) we have to make rules and outlines out we will govern ourselves before we can begin the act of governing.

Mogonzo, first of all this is great!  A wonderful way to get people thinking outside the box...and really working toward something that could really be a benefit to all investors. 

Question - Could you give a real world example of how the workflow would work for a particular project.  For instance, the much need facelift and unifying of the Whitecoin brand across the multiple websites. How would you suggest this would work - from identifying a project manager to final product...allowing for community involvement, but also allowing for prompt turnaround.