Both good points you made, Lion.
As for the first one, it is inevitable I believe. Most of the people swimming in the altcoin sea, came here for quick bucks. Most of them got burned and cashed out at loss, others stayed longer than expected, but will leave as soon as they will be close to break even. ZEITCOIN ain't different here, I am afraid. The question however is different, how to guarantee that we get new long-term members to replace those who left at 8 sat, if we ever get there?
The second issue is a bit tricky and somehow related to the first one. Imagine, you have someone with 500 Mill ZEIT (I wish that was me) that were bought at say 3 sat, for a whooping 15 BTC. You can easily become a #zeitknight with that, at first and any next recruitment event, but what is the guarantee your only motivation will be to break even and get out rather than further development of the coin?
I think the key question is - How do we set Zeitcoin apart from the crowd & make it more attractive to the people who DO have a more philanthropic view of life than the 'I-wanna-get-rich-right-fucking-now' leeches who currently plague the #cryptosphere.
One partial answer to that question is to ensure that the 'leadership' of the coin can be proven to be motivated by other than just short-term financial gain.
I think there has been some misunderstanding over my previous suggestion, over the amounts for sure. I didn't suggest any 'coz it was late & I didn't have the mental energy to work through any calcs, plus we haven't agreed how often applications could be made to the #ZeitKnights anyway.
So here's a ballpark example of what I had in mind...
Say we only recruit once a year. The January 2015 membership level is 100 million. By January 2016 minting will grow that to ~ 120 million, but the #zeitknight is pledged to tithe 10% of his/her mintings to the 'common purse' so that knight will have 118 million if they do nothing else.
So how about a condition that at the NEXT recruiting point, the knight is pledged to increase their holding by 50% of the NET amount they minted in the previous period?
That would mean that in order to retain their membership. the knight would have to increase their bag by at least 9% through purchases, hence (loosely taking the 5% annual decrease in interest into account) the 2016 entry level would be 127 million.
The main issue I believe you want to achieve is stability & a way to protect zeitcoin if their are any knights or major whales that dump therefore hurting out efforts.
The Cannon & Shield Portion of the Knights will be setting up defenses against dumping attacks, so that even if a few knights decide to cash out at 8 satochi or somewhere else. The Remaining faithful will be more than able to stop them. Will update the War room with more info on the cannon and shield in the next 2 days. As long as a knight hold 100 million zeitcoins , he will be part of the round table, it would be nice to keep that issue simple for everyone, and save the complex issues for the other projects.
So far:
1. We will have to add 1 million zeitcoins to the Zeit Faucet every Month
2. Starting next year , we will be paying for a 2nd enhanced Block Explorer
3. The Zeit interest that goes to the gaming division.
4. We should help Ray shoulder the Price burden of the web site, which he has been carrying alone.
5. The Sword & Shield will require funding by the knights , in something beside zeitcoins.
6. Whatever other projects come up to achieve our goals.
Edit : Agreed , Sword & Shield sounds Better