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Muniti creator
The Dev team has just held an important meeting regarding Muniti, and the following points have arisen:
1. Distribution costs. We met with a Maltapost representative this morning and we discussed costs for postage to every household in Malta. Since we would be utilising a form of bulk postage, we were offered a heavily discounted price at 0.10c per letter/household, without registered tracking. That would amount to around 15,000 euro per distribution round. While that is tenable and within our budget, we felt it would lack the security offered by registered post, and there is also a certain sense of detachment with such a method. Registered post amounted to more than triple the costs, and it would be more time-consuming while still lacking that sense of familiarity and helpfulness which we want to offer to the Maltese people. Also, we would not have total control on the oversight of the process, as we would not have a complete report on which households would have received the letter. Hence, the second idea hatched.
2. Door-to-door distribution. We will be recruiting a team of distributors who will be responsible for distributing the Muniti paper wallets and who will also don a Muniti polo-shirt. They will also be versed on what Muniti consists of, on its origins and its benefits. The Distribution Team will need to be over 17, able to ride a bicycle and be fluent in Maltese and English, with knowledge of other languages being considered as an asset. They will also need to be somewhat knowledgeable in the IT sector, although this is not a strict requirement as we would teach them where needed. They would all possess a map of the town/area which they would be assigned, highlighting the covered areas and thus ensuring maximum coverage. While it is true that derelict and abandoned houses would end up being taken into consideration, but most often than not, these are immediately recognisable as such and should be easy to avoid. The distribution team will each be paid 50 euro per day unless they would wish to be paid in Muniti. We realise and accept that at the end of the day, most people are still wary of the concept of cryptocurrencies per se and since we have a tight time-frame within which to operate, it is better to attract distributors with fiat currency for now, with a possible change in policy for the subsequent distributions. Our aim is to have a team of 10 distributors who would operate from Monday to Friday for 30 days, thus resulting in both a better method of distribution and a cheaper one as well, with the expected costs being around 11,000 euro for personnel for each distribution round. Printing costs should not be a problem as we will continue working with the company which printed our posters and flyers.
3. Distribution date. Unfortunately, due to this overhaul in the distribution plan, we will need to move the first date of distribution to the 5th of June, 2014. We have discussed at length on this issue, and we felt it is the best route to take for several reasons. First of all, we would need an adequate time-frame within which to recruit our team of distributors. Secondly, it would give us ample time to aim for international coverage as well. Thirdly, it would also give us more time to get listed on more exchanges. Fourthly, most students would have ended their scholastic year by then and thus we would have a ripe field of recruits for our team. We will implement a countdown monitor on our website in order to remove any doubts about the date. The other distribution dates will not be changed.
We would also like to take this opportunity to thank all those who have contacted us over the past weeks, whether to praise, criticise, offer help or to give advice where necessary. Please, do give your feedback regarding this post, as we would like to hear your opinion on the matter before rendering it wholly official. We will be holding another meeting tomorrow in order to discuss the problem with exchanges. It is an unfortunate situation when exchanges need to be bribed in order to have a cryptocurrency listed, as that was not the spirit in which Bitcoin was born (quite the contrary), but if that is how things currently stand, we might have to adapt to these changes as well.
