Author

Topic: Why do coins and their founders start a foundation for the coin (Read 700 times)

full member
Activity: 168
Merit: 100
Its the only way to centralize a collection of funds for infrastructure. I advise looking at different foundations to copy them: http://www.quarkfoundation.cc/projects/
legendary
Activity: 1876
Merit: 1000
Hello.  What are your thoughts and reasoning why there is a creation of a foundation for the coin?

because most dev's lack imagination and have to copy bitcoin 110%
newbie
Activity: 37
Merit: 0
formalities

Yes, many formalities.  I do plan on giving away coins (bounties giveaways etc.).  I cant say what coin it is yet, but it will be an entirely different idea than anything that is out there.  As soon as I make the post... I believe it will gain media attention and hopefully the attention of the bitcoin/alt coin community.  It's definitely a different concept and business plan than what is out there. 

I expect a new exchange would need to be created for it.

Thank you guys for posting.
legendary
Activity: 2198
Merit: 1014
Franko is Freedom
formalities
hero member
Activity: 616
Merit: 500
Crypto Knight
Hello.  What are your thoughts and reasoning why there is a creation of a foundation for the coin?

These types of organizational bodies are helpful in protecting, overseeing, and propelling the evolution of the currency.

Good answer!  I am going to take this into consideration as I create a coin.

Consider doing IPO too for your premine!
And a free giveaway to get listed on cryptsy to dump it!

LOL it's funny how this is basically a guideline for cryptocurrencies and most actually go down this path. scamcoin after scamcoin
legendary
Activity: 2632
Merit: 1023
PeerCoin has not yet....sort in keeping with its whole outlook, the discussion in the PeerCoin forum is interesting/good. Firstly very collegial, not into flames etc, secondly he foundation has been discussed but so far seen as not in line with PeerCoin, and open source.

Even the originator Sunny King refuses all donations or any fund raising for him. This does not stop you creating a foundation, but they are the opposite of many other coins that go for fundraisers, IPO's etc.
sr. member
Activity: 350
Merit: 250
Hello.  What are your thoughts and reasoning why there is a creation of a foundation for the coin?

These types of organizational bodies are helpful in protecting, overseeing, and propelling the evolution of the currency.

Good answer!  I am going to take this into consideration as I create a coin.

Consider doing IPO too for your premine!
And a free giveaway to get listed on cryptsy to dump it!
legendary
Activity: 1400
Merit: 1000
Hello.  What are your thoughts and reasoning why there is a creation of a foundation for the coin?

These types of organizational bodies are helpful in protecting, overseeing, and propelling the evolution of the currency.

Good answer!  I am going to take this into consideration as I create a coin.

Consider doing IPO too for your premine!
newbie
Activity: 37
Merit: 0
Hello.  What are your thoughts and reasoning why there is a creation of a foundation for the coin?

These types of organizational bodies are helpful in protecting, overseeing, and propelling the evolution of the currency.

Good answer!  I am going to take this into consideration as I create a coin.
legendary
Activity: 2506
Merit: 1030
Twitter @realmicroguy
Hello.  What are your thoughts and reasoning why there is a creation of a foundation for the coin?

These types of organizational bodies are helpful in protecting, overseeing, and propelling the evolution of the currency.
hero member
Activity: 779
Merit: 502
Because it sounds legit (and that is an advantage when they want to get rich).
newbie
Activity: 37
Merit: 0
Hello.  What are your thoughts and reasoning why there is a creation of a foundation for the coin?
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