1 account, 10 million.
9 anonymous people are chosen.
3 get the first part of the password.
3 get the second part of the password.
3 get the last part of the password.
So to send money, we just need to contact 1 of every group. This needs to be a diverse group so that no one can figure out other people that might be in the group of chosen ones.
Make a script that allows input of the password parts and then executes it.
Or better yet, use some sort of screen sharing where each person then enters their password phrase. Everyone can view at the same time.
I like wesleys's idea much more than the idea of having 10 separate account controlled completely by 10 people. To summarize, I going to put forward this proposal:
1. BCNext create a completely secure account holding 10 million fund
2. BCNext choose 9 trusted password holders who pledge 1. to never reveal the password or his names; 2. to follow the rules of funding; 3 to act expediently when the his password is required
3. Following wesleyh's proposal
3 get the first part of the password.
3 get the second part of the password.
3 get the last part of the password.
4. The funding for a new project would follow my concept of "open bounty" outlined here
Anyone can step up and present his/ her idea, propose a bounty and let the community decides. So we continue the tradition of asking for bounties in a decentralized fashion as we have been already doing in nextcoin and nxtcrypto forums so far. But now funding would be a bit easier to come by since we have common pool in addition to private donors's fund.
This will work easier when we have the voting system in place. A person presents his/ her idea, propose a bounty and action plan, and set up a vote. Community can ask questions in the meantime and when the voting is over, the project will be funded if the vote passes the majority. A democratic and decentralized method of funding projects.
We can even implement this type of "open bounty" even when the voting system is not yet in place. In fact, we actually did it one time already with the case of Maco's android app as the overwhelming majority refused to fund his 500K NXT request for his app. So we actually had a precedent in place already. Let's continue the funding process in this type of decentralized fashion instead of giving one person/ or group the authority of giving out the funds.
5. When a project get funding, a time will be set so that the pass holders can coordinate and send the necessary fund to the project with funding. Make a script that allows input of the password parts and then executes it.6. A guideline could be as follow (credit nxtberry)
I would also like to see an efficient donation/reward/funding program approx like this:
* 10 NXT donation to new nxters for basic testing
* 100 NXT reward for minor NXT promotion
* 1000 NXT graphics, branding, major promotion etc.
* 10000 NXT minor development, larger graphics work, applets, wide media promotion etc.
* 100000 NXT larger development / significant projects funding, milestone events
That's the proposal to deal with all the funding issue and all the unclaimed coins. Please support this proposal and end this debate in consensus. Please suggest modification as needed.
Could someone talk about the details how this should work, please? How to securely do this without the risk of someone getting all 3 password pieces?
