A major problem is that this requires trusting the exchange. If the exchange is unknown, how can people be sure there is no corruption?
The address will of course be available 24/7 for the community to check the amount inside the wallet.
Do any exchanges keep all of the Riecoin for a given account at one address?
Finally, before I forget, there is a 200 RIC fee to join this foundation. It is to make sure you are serious and dedicated.
I don't think this is necessary. It should be easy enough to determine if one is serious through other means. I strongly oppose this.
You will also have to reveal your real life identity to the foundation so that we can release this information if you abuse the foundation in any possible ways.
I also oppose this.
The information will be kept private from the public of course.
How can anyone trust this will be the case? This trusts the 5 people fully and equally.
I think a better system is to have trusted parties control arbitrary amounts of the foundation's funds. This system is better because it is not as convoluted, and it is more open and transparent. Rather than making personal information public for accountability, the party will lose all of the trust it had.
You have a point. But entrusting any amount of RIC to one individual is too risky even if you split it amongst five. I would rather rely on the current exchanges we have now AGX.io and Poloniex.com owner are identified. Only worries is Mintpal and BTC38. Maybe a solution is to keep a arbitrary amount in multiple random exchanges and withdraw them every month and mix them around the exchanges we have right now? I am for suggestions. Guess for now, I will just take up names of people who are interested in becoming part of the foundation.
hmmm, great idea, hard to figure out how best to execute it though. I agree that its probably best if there are not minimum donation limits or requirements to be public to join the foundation. Although that said, I'm happy put 200RIC towards this as well - and don't worry NR, you'll get your bounty for sure when the new site goes live.....
A divided foundation could maybe work. I'm not sure whats best. Lets all think on this some more, but definitely something we need to do one way or another.
Oh and thoughts on website design, while I'm here. Sorry I'm so busy I just have very little time for Riecoining right now. but:
Look and layout to me looked really good. I like it a lot. Fonts, background, everything. 2 things I would note from a very quick survey though:
1)the folder style link boxes halfway down are cool, but could use some sort of a border around them i think - maybe a drop shadow?
2)Would be nice to have a bigger 'team' on the about page. Oh and, I am both Remistevens and Bill Sotnikow. I'm Remi for fun (comedy vids, music), and I'm Bill for clients (my real name). I freelance online so I'm already very public. You can find my address, phone number, work history everything you would need to torment me if needed.
