The question is that if IPO participators share all the total Storagecoin proportionally then from where you pay some STC(what is some? Is it depend on on your mode?) to 140 posters and 10000 STC to translators?
I will also invest some BTC,bounty will be from my personal shares.
You will invest BTC? You mean.. you will give yourself some BTC as an investment into this project? As the creator, it's fine if you take the same share as that of the biggest possible investment you are allow, it just doesn't seem like much of an investment.. moving on..
1) Why not escrow? Say people's coins are worth 10% more if not escrowed so you can have funds to initially fund this but as soon as you release something that shows you know what you are doing, you get it all to continue funding.
2) Also, what is the advantage of this over Proof of Stake? Does this still have the same 51% attack problem that POW does, except using storage space? Seems to me like Proof of Stake might be more secure..
3) And again, will your share of the proof of storage be based upon the number of bytes you are storing or the number of bytes you can store? Seems to me like the Reed-Solomon coding method can only detect how much storage is being used, not how much you are providing.. right?
4)What is the experience of the development person/team? And how much time do they intend to spend on it?
Note that I am seriously interested in this coin, just want to make sure you can answer some of these questions, please don't ignore me again.
