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I have zero expectations. Precisely why this is called donation.
But still I have interest that the price of the FLO raise instead of falling.
Suppose I have 100 FLOs. At her current price ($ 0.1) I have $ 10. Now … I can do two things:
Nothing. And figuring that everyone does that (including devs), my $ 10 will probably be $ 0 even though I’m having my 100FLO.
Give half (FLO) to the dev team. If they work with this lot of FLO (because now they want FLO to go up because they now have 5 FLOs) there is a greater possibility that the price of the currency will rise … and if I rise x2 I still have $ 10, the devs has $ 10 and possibly the currency price should keep rising.
Obviously the challenge is to abstain from giving so that the devs have enough incentive to want to work harder and thus to make the currency increase in value.
Who do I trust to hold the funds?
@metacoin and the rest of the team. I doubt that’s the biggest problem.
What should those funds be used for exactly and who should they be paid out to?
Again I think you have competence for this, but I would not be here wanting to send money to you. In the worst of hypotheses, set up an address for each project.
Is there a schedule that the fund pays out on or is it based on particular milestones? What are these milestones and how do we find consensus on the finalization of these bounties?
Again, donation is not investment.
There’s a lot to consider. What are your earthperson thoughts?
I think it’s past time for you to set up a donations page. I still do not understand why not do as Vertcoin does.
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