The contest takes to long..., the attention span of people is short, they lose interest. Escrow would be great.
All they need to do is drop a design here and claim the prize later if they win.
Also, since the guys above thought the Terracoin logo contest was a joke and the coins not worth anything, apparently people here don't take it seriously enough to even need an escrow.
We are taking it seriously, will send the coins, and also probably end up just making a new logo ourselves and saving the coins for another bounty if people aren't going to submit designs.
Hey man, I am giving you an explenation why designers , like myself, aren't submitting designs.
I have never said that the contest is a joke. Please try to have an open mind when people are giving their opinion.
I am. I'm just trying to figure out what attention span has to do with submitting a logo design.
Just don't listen... Anyway you got your logo, just took you a couple of minutes...(looks a bit like factom though) You didn't even have to start a contest
I'm the head of the TRC Foundation and I asked craslovell to push the bounty date back by a month. The reason I did that is we will be closer to having the updated wallet ready around then (hopefully). I also thought it would give people more time to work on their designs now that they have seen that the bounty was a real BTC amount.
The bounty started low because both craslovell and I were pretty sure that other people would donate to have a new logo. That did happen, though I now know that we should do a fundraising round first. That was my mistake.
As for putting TRC in escrow for the winning logo designer. I don't really think that is necessary because we are trying to rebuild trust in TRC. If the first thing we did was burn a designer I think that would be the second ending of Terracoin.
You can check the address for the amount here:
https://coinplorer.com/TRC/Addresses/16ffGRgxEd2oYpwZf3TRgCVAj6ja9b3WEYThis is going to sound like an ad, but the TRC Foundation's first goal is to restore credibility to TRC.
I think you must have some good suggestions for a better way to run the logo contest and I would like to hear them.
Craslovell and I are always talking about ways to improve Terracoin and I am sure that we both welcome any ideas you have.
Thanks!