Ysell - Good job mate.
X68N - Thank you for that. I will wait for yobit.net to reply and then we can update the registration with the payment.
Regarding the crowdfunding, the first thing we need to think about is how much we need to raise to take Anoncoin forward as the best Altcoin.
Thanks Cryptoslave & Machico
It would probably add to the strength and backing of the coin if some of the main developers were to give their support of the crowd funding and provide some indicators of deliverables they themselves prioritise as essential for the coin's prosperity. We could get this via irc2p, but for the initial purpose of authenticity, most people would prefer to read it first hand here. When crowd funding, I propose a seperate crowd fund for each deliverable? This way, if a developer were to inform us of a crucial element and put forward zerocoin, and another were to prioritise marketing we could put our money where we, as investors want results.
I agree ysell.
CS - After the Yobit listing request, can you list your priorities at the moment and future deliverables so we can start planing a strategy to move forward.
To developers
Can I also add that It would be advantageous to put the costings for what you feel would be a proportionate financial goal for each deliverable. We all have to earn to put food on the table, pay bills etc so it's only fair that you are paid for the amount of days, weeks or months this will take to implement. It is understandable that you would choose paid work over non paid ANC work, so I think it's only fair that you are provided with appropriate donations for your ANC efforts.
I know it's a weekend and there's not going to be lots of chat happening on #Anoncoin, but there are only 5 members logged in at the moment. Could someone tell me all the usernames of developers on irc2p so that I can point them to this discussion? I guess their usernames maybe different on irc2p. Thanks
CS has mentioned their names on here but as you said, they might have different names on irc2p.
Gnosis
lunokhod
Meeh
Ssuag
I was logged into the wrong network. All sorted now. Thanks
Do they use the same name?
Yes. The feedback about crowdfunding was extremely positive. There are some complexities that my brain cannont comprehend at this point in the night. It will take 2-3 developers to complete the Zerocoin element. If we crowdfund one component part of zerocoin for example "RPC create spend", this part interacts with "RPC get seeding spend proofs", it will likely need changing later on, test more and on it goes. Therefore there is no easy way of crowdfunding component parts as each part interacts with another, thus there are interchangable cogs to get the zerocoin system moving, each involving more than one developer continually configuring and testing collaboratively to produce a Zerocoin solution. I am not so clued up on crowd funding, so how could this sort of development be crowdfunded?
Machico - rather than filling up the forum pages with our crowdfunding drafts, could we possibly PM each other and post a final draft that others can analyse and feedback on. I'm just a bit concerned about filling the forum's with too much noise. I've told the guys on irc2p that I would be sending our draft proposals for checking in a few weeks. I've never been so excited about Anoncoin.
Hi ysell, machico, and others,
as an anoncoin holder I appreciate your efforts. But I wonder:
a) how do you intend to incentivize the crowdfunders to spend money on this project. I mean, there are no anoncoins available that could be distributed to them in return for the money they provide (like in an ICO).
b) to my understanding, most of the Anoncoin developers are anonymous and intend to stay so. How would you make sure that they don't take the money and then simply disappear. (If I remember right, it happened before that Anoncoin was pumped by announcing Zerocoin and then the responsible developer suddenly never was seen again.)
c) most of the Anoncoin developers probably hold a considerable stack of Anoncoin. Given that currently there's no real anonymous currency (most ZEC transactions use t-addresses, most Monero transactions turned out to be linkable), they could make a killing by implementing Zerocoin. So, the financial incentive is alread there. The fact that there's still no Zerocoin suggests that the developers simply are not able to implement it. For this reason, an additional financial incentive probably won't have much of an effect.
Gnosis is not around to finish zerocoin. The response on irc2p was that the final stages of zerocoin will involve 2-3 developers. The problem seems to be;
*how do you check Zerocoin is complete without thorough testing
*who checks authenticity (I'm no developer)
*how do you fairly pay those developers contributing so that they are paid for their contributed efforts
Your questions
A) The starting 3 years of mining coins was producing a 10% income for developers. This is bound to stifle innovation and development after the 3 year period. Personally I see crowd funding as the best option. Payment can be made in FIAT or Bitcoin as there are not enough Anoncoin mining to continue the ICO type scenario
B) a bag and run would be prevented as the checks on authenticity of the zerocoin would be carried out before payout. A delay on payout could be set after a set period of positive testing.
C) financial incentive for zerocoin is not as prevalent as you say as the Zerocoin element is crucial to it's increased value. Therefore new zerocoin developers would be required to increase value and they may not hold ANC. Thus The incentive to new developers of completing Zerocoin is the problem we wish to solve with crowd funding. This would lead to current holders ANC assets increasing in value, and miners incentivised to continue mining etc.
Just as a side note, I would suggest developers of zerocoin buy large amounts of ANC in order that when they complete the crowd funding project, they receive a double whammy of finance as their ANC holdings increase and they receive a payout from the crowd funding.