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Topic: [POLL] How should the 1800+ BTC at the Exodus Address be used? - page 2. (Read 2671 times)

legendary
Activity: 1358
Merit: 1003
Ron Gross
How about you post bounties ... and you can try to implement them yourself?

This way you're giving everybody the same chance of a 'salary' that you're giving yourself.
If you'll work quickly and implement bounties, you'll be worthy of the payout.
If not, let the best/most efficient/cheapest coder win (while adhering to strict quality & security standards).

My vote goes to bounties.
legendary
Activity: 1834
Merit: 1019
i think to him, the coins will now be part of the fund. Not his to spend freely as he wishes, exactly, but for MSC's sake. For instance, with the fund, he won't be buying a car with it, I hope!

Yes, that is exactly how it works. No vehicle purchases. Those funds are dedicated to the MasterCoin project.

It would be very foolish of me to use them otherwise, given my publicly-known identity!

Now, perhaps if we can coerce you not to screw investors over, we can coerce you to start working on the source expediently
an offer you can't refuse, so to speak Wink
legendary
Activity: 1260
Merit: 1031
Rational Exuberance
i think to him, the coins will now be part of the fund. Not his to spend freely as he wishes, exactly, but for MSC's sake. For instance, with the fund, he won't be buying a car with it, I hope!

Yes, that is exactly how it works. No vehicle purchases. Those funds are dedicated to the MasterCoin project.

It would be very foolish of me to use them otherwise, given my publicly-known identity!
legendary
Activity: 1834
Merit: 1019

Um, I'd like to point out that I announced my purchase when it happened on my thread. There was no subterfuge about it!

What purchase?
You bought your own coins with your own btc and paid yourself?
Is this some fucking joke?


i think to him, the coins will now be part of the fund. Not his to spend freely as he wishes, exactly, but for MSC's sake. For instance, with the fund, he won't be buying a car with it, I hope!
sr. member
Activity: 308
Merit: 250

Um, I'd like to point out that I announced my purchase when it happened on my thread. There was no subterfuge about it!

What purchase?
You bought your own coins with your own btc and paid yourself?
Is this some fucking joke?
legendary
Activity: 1260
Merit: 1031
Rational Exuberance
You are a fucking scammer nothing else.

and thanks for proving me right.

https://bitcointalksearch.org/topic/m.2848752


So far, I have raised over 1800 BTC, 1222 of which is my own money.

First thing i would like to say that it's a clever scam.

Make a altcoin with some new function and then make a new thread saying it's gonna be next big thing.
After that you just need some 1000+ coins to grab peoples attention and tempt them to invest in that shitty coin.


Um, I'd like to point out that I announced my purchase when it happened on my thread. There was no subterfuge about it!
bvt
newbie
Activity: 23
Merit: 0
You've never started a business before have you!!!

I think that goes without saying.
legendary
Activity: 1260
Merit: 1031
Rational Exuberance
perhaps walk around town and show her how to use the Gyft app or something. Or walk into a cafe/restaurant that takes bitcoin in your city. Clearly she needs to use it firsthand before she lets her defenses down

Oh, she knows that it works. It's more that she is very suspicious that it will continue to work and hold its value. We've been having these kind of discussions for a long time!
legendary
Activity: 1834
Merit: 1019
perhaps walk around town and show her how to use the Gyft app or something. Or walk into a cafe/restaurant that takes bitcoin in your city. Clearly she needs to use it firsthand before she lets her defenses down. send a coin to her wallet on a phone, then have her send it back to you. presto 
legendary
Activity: 1260
Merit: 1031
Rational Exuberance
Where is the option for 'pay yourself like a grad student and live on ramen'?

Exactly!

Unfortunately, that one doesn't fly with my wife and kids Smiley

How much have they invested?

+1

My wife doesn't trust bitcoin at all, so if I convince her to sacrifice some of my time, I have to have U.S. Dollars to show for it. They have no interest in investing my time in experimental currencies unless I can express the advantages in those terms.
legendary
Activity: 1834
Merit: 1019
Where is the option for 'pay yourself like a grad student and live on ramen'?

Exactly!

Unfortunately, that one doesn't fly with my wife and kids Smiley

How much have they invested?

+1
hero member
Activity: 714
Merit: 502
Where is the option for 'pay yourself like a grad student and live on ramen'?

Exactly!

Unfortunately, that one doesn't fly with my wife and kids Smiley

How much have they invested?
legendary
Activity: 1260
Merit: 1031
Rational Exuberance
Where is the option for 'pay yourself like a grad student and live on ramen'?

Exactly!

Unfortunately, that one doesn't fly with my wife and kids Smiley
hero member
Activity: 714
Merit: 502
Where is the option for 'pay yourself like a grad student and live on ramen'?

Exactly!
hero member
Activity: 770
Merit: 566
fractally
Where is the option for 'pay yourself like a grad student and live on ramen'?
sr. member
Activity: 308
Merit: 250
You are a fucking scammer nothing else.

and thanks for proving me right.

https://bitcointalksearch.org/topic/m.2848752


So far, I have raised over 1800 BTC, 1222 of which is my own money.

First thing i would like to say that it's a clever scam.

Make a altcoin with some new function and then make a new thread saying it's gonna be next big thing.
After that you just need some 1000+ coins to grab peoples attention and tempt them to invest in that shitty coin.

hero member
Activity: 714
Merit: 502
You've never started a business before have you!!!
legendary
Activity: 1834
Merit: 1019
The problem is that until demonstrated otherwise, remaining funds = original funds - funds paid to yourself. So in this case you still keep all of your funds and some of other people's funds.

Specifying in advance what is the salary you intend to receive for full-time employment in this (which AFAIK you have not yet done) will be helpful.

I don't plan to take a salary at all, given the funds currently raised. How much money I withdraw for work on this project will be a negotiation I have with my wife in order to secure time that would normally be devoted to giving her a break from the kids and household chores or taking her on vacation!

I think it likely that the price per hour will have to be on the order of "overtime pay" in comparison to my current day job in order to secure her approval. I don't want to make any promises, but I doubt I will burn through even half of funds contributed to date in order to get to feature complete.

Again, I haven't actually done this negotiation with her yet, and forecasting how long software projects will take is notoriously tricky!

That's what I figured as well.

Perhaps she should look at it like a long-term investment as well, just in terms of your time and her time with you. She would stand to gain from seeing the success of this through, no? The "overtime pay" concept, while I understand it, is tricky to me for that reason.

That said, I think the correct answer to this poll isn't absolute. Some (most?) things you're better off writing yourself, other things it might be more worth it to delegate.
legendary
Activity: 1260
Merit: 1031
Rational Exuberance
So I need to have negotiations with my wife to secure some of our precious weekend and/or vacation time to work on my crazy MasterCoin project (new protocol layer built on bitcoin). You can read more about the project here: https://bitcointalksearch.org/topic/mastercoin-new-protocol-layer-starting-from-the-exodus-address-265488

So far, I have raised over 1800 BTC, 1222 of which is my own money. There is a lot of spirited discussion as to how much I should pay myself to work on this project on that thread, so I'm creating this poll to tabulate opinions.

As I said in the thread, no matter what the outcome of this poll, I will do what I think is best for MasterCoin holders, but your opinion definitely matters to me.

Also, note that there is an option on this poll for those of you who think I am a scammer Smiley
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