Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1664. (Read 4670972 times)

I don't know what I just read but I want the drugs you have;)

Done!

Reacting to recent comments and in order to support the monero devs and community, we have decided to donate 20% from our pools fee to the core-dev team.

At http://pool.cryptoescrow.eu July 12th: We started donating 20% to Core-dev team. Now 40% of pool fee goes to donations:
20% to core-dev team;
20% to pool development;
60% to support the pool;
Total Fee - 1%

Join our pool and start supporting Monero development!

The donation addresses are in the OP:

Donations for general development

XMR: viewkey: e422831985c9205238ef84daf6805526c14d96fd7b059fe68c7ab98e495e5703

BTC:

Hey I may have found a way that I can actually help around here if you guys do a kickstarter. I could escrow the btc and xmr portion of the crowdfunding campaign. Since I am so heavily invested in xmr at this point, that will be all of the incentive i need, so i will happily provide this service for free.

See my rep thread in signature.

None of us have full-time day jobs - all of us have companies or we work for ourselves or we work as freelancers. I'll let you reboot your logic train from that starting point.

That is not quite true: I know exactly where my bottom is, and with any luck will know exactly where Juanitas' is too, as I lie back in my hamaca and watch whales from my beach hut on the Pacific coast of Mexico.  But as for knowing market bottoms in advance, this is a fool's game.  The point is to find something worth investing in and then INVEST and HOLD.  There is no getting to the bottom of market irrationality.

To which address should I send some of my XMR?

Because nobody know where is a bottom.

Like I said, nobody buys at the bottom...

People need to be compensated, even if its through donations. Why? Because it give VALUE to their work. If you don't assign value, then people will take any work for granted.

There's a lot of work done by non-core members. tewinget, mike, zone, neozaru, the i2p guys etc... either financed by bounties or the core team.
Check the GUI bounty thread, its nearly all donations from the core team.

or the pool bounty:


I am for example self-employed/freelancing, so is fluffy and others. I devote as much time as i can to Monero but i still have to make a living and pay my rent.

Not a cent of the donation money will land into the core teams pockets, the donations are all used for external projects.


- Gavin Andresen (Bitcoin)

I don't really think you care, because you still haven't come up with one thing that you like about Monero. It's been days now. Come on, you gotta have something in such a long amount of time. Unless you thought everyone was going to forget that you were being a concern troll?

Apart from that, if you really did have any reason to be here .. you'd realize that maybe even one minute of the devs time could have been spent dreaming that a Monero could actually be worth as much as $60, or thousands of dollars. Even sending a single Monero could be at least a decent gesture. Right now, it sounds like they're working for hopes and dreams .. so I don't think I'm wrong here

Practically though, if you want to see real work getting done that can be done with sending them bitcoin. Just in case anyone was wondering what the devs have gotten in their BTC address, it's a miserable .1 BTC given today. Before that it was a dollar or two! Kinda embarrassing. I like that they are feeling more comfortable making the point that development will be accelerated with donations, gives me the feeling that they have a good idea of what they're working on and what kind of time it will take.

Giving someone money for work has historically made things go much faster. The programming work going into this generally costs tens of thousands of dollars by now, so if the free meal ticket they've provided is starting to dry up I'm not really surprised. You'd understand this if you were not lying when you said that you wrote this below:


And if you're really looking to donate, go contact zone117x on IRC. He should be able to update you about a crowdfunding platform (for the lightweight wallets in this case), so you know exactly where your money's going. I would imagine that type of platform could be used for anything really.

Aside from this, didn't vertcoin have a rather successful crowdfunding setup or am I wrong here?

With donations, they would be able to effectively hand over work that isn't being done at the moment because of lack of manpower, or time, to other experienced individuals in the field, like making bounties for certain things etc, and more, IMO. That would mean a large variety of things would be accomplished in a short timeframe.

 
Time for the pump. No need to keep shaking weak hands.

EDIT :

I'm gonna leave my job to spend all my time in cryptos. I'll take care of XMR for sure while doing my projects.

The (unofficial) Monero FAQ is coming along nicely in the first 24 hours, with great contributions from the community:

https://bitcointalksearch.org/topic/closed-unofficial-xmr-community-monero-faq-thread-686086

I am confused by this statement. Assuming the dev team has full time jobs and works on XMR part time as stated above (and is obvious from the slow progress), how are donations going to help them spend more time on this? Lets say you get $50,000 USD worth of donations. Spread among 5 or 6 people, that is going to be around $10,000 each. No way does that help anyone quit their day job to spend more time on this. So I would love to donate and help accelerate XMR progress, but I also want to understand how a donation is going to help accelerate progress before I do.

You should expect nothing. Technical analysis is a joke, especially in a thinly traded market.

 

We'll definitely bounce some ideas around to see if we can use Kickstarter effectively as a PR tool - thanks for the idea!

On the topic of dev team leader - I'm certainly very vocal, but there is no "leader" among us. We all contribute in different ways, and we are careful not to do anything in a way that is not transparent (stuff gets discussed at GREAT length on IRC:) Just wanted to make sure that nobody mistakes me for leading anything, I'm just one of the core team.