Pre-mine idea | Bitcointalksearch.org

YarkoL

legendary

Activity: 996

Merit: 1013

Quote from: d5000 on July 18, 2014, 05:04:35 PM

Even better would be a increased "dev bounty payout" rate.

Example: at start = devs get nothing, after three months, 1%, after six months, 2% more, etc.

So they will only really benefit if they really maintain it long-term.

I think dependency on market valuation would provide greater
incentive to work hard.

d5000

legendary

Activity: 3906

Merit: 6249

Decentralization Maximalist

Even better would be a increased "dev bounty payout" rate.

Example: at start = devs get nothing, after three months, 1%, after six months, 2% more, etc.

So they will only really benefit if they really maintain it long-term.

YarkoL

legendary

Activity: 996

Merit: 1013

Quote from: Willisius on July 18, 2014, 02:42:14 PM

I think nLockTime would do this perfectly.

that would work, but hardcoded addresses in the source
are easier to understand by the users, and everyone can check
their state from an explorer.

nLockTime is a bit more exotic, even though
it has been there from the very beginning.

Willisius

sr. member

Activity: 364

Merit: 250

I'm really quite sane!

I think nLockTime would do this perfectly.

spud21

sr. member

Activity: 342

Merit: 250

Simple ideas are often the best and also the most difficult ones to think of.

YarkoL

legendary

Activity: 996

Merit: 1013

I see!

Great simple idea.

AliceWonder

full member

Activity: 168

Merit: 100

12 different special addresses at start. Blockchain does not allow address A to be used as an input until Nth block, address B unitl 2Nth block, etc.

YarkoL

legendary

Activity: 996

Merit: 1013

I think the idea is worthy of consideration. Now how to implement it?

NLocktime?
or
script?

KimNam

hero member

Activity: 644

Merit: 500

interesting idea, so devs will get premined coin little by little amount until 3 years
if the devs are really want to develop that coin and make them success, i'm sure they will gladly accept this idea
but, scam devs won't, they just want get quick profit by dump their own coin Sad

spud21

sr. member

Activity: 342

Merit: 250

It sounds good to me. The dev gets paid based on long term performance.

AliceWonder

full member

Activity: 168

Merit: 100

I'm not making a coin.

Just an idea to float out to those who are making them (and please don't without good reason)

10% pre-mine but the pre-mine is locked, blockchain won't allow them to be spent.

Every X blocks, where X is the typical number that would be generated in 3 months, 1/12 of the pre-mined coins are released and can be spent by the devs.

This would prevent a pump and dump as it would take 3 years for all the pre-mined coins to be made available and would incentivize the devs to keep the project on track - if the coin goes down the dumper, then the value of the coins in the pre-mine go down the dumper too before they can be sold.

But for the first 3 years of development it could inject much needed dev funds to the dev team if the coin does well.

Thoughts?

Topic: Pre-mine idea (Read 852 times)