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RE: My take on Vivacoin

in #vivacoin6 years ago

I realize this is months old. I've had this post bookmarked with a note to come back and respond when I could think of something to say. The thing to realize is that announcements and information stopped, but the work never even slowed.

Your friend will have their assets in their hands very shortly. You all have my apologies for the time it took to get it this far, I've had to go it alone on the development end from architecture to final implementation, it's been a lot of work.

You've both already been over in the vivacoin thread so I have nothing to add here. But drop a line to the email in that post, I'm in a position where I need testers. I'm inviting you both to be part of that if you'd like.

I'm going to try and reach out to you in email, because it's doubtful this post will ever see the light of day. But at least I finally can say something.

@astral I see your recent votes, thanks.

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I'll consider that when all the liquid customer funds will be returned to the owners, and, quoting myself

VH's founders shouldn't get a stake, which would allow them to further direct this project. That would mean they would have to burn probably 90+% of their stake.

VH's founders shouldn't get a stake, which would allow them to further direct this project. That would mean they would have to burn probably 90+% of their stake.

I understand what you're trying to say.

We aren't stake based. Directing the future isn't something I'm here for and I'll do a follow up post soon to make it more explicit, but something you need to be aware of, because you've somehow missed it from the whitepaper is that each crown holder, gets exactly 1 vote. Doesn't matter if you have 1 Crown or 10000 of them. The only reason to hold additional Crowns is to benefit from TRs and ARs.

Terminology has changed and Crowns are now Estates, the commitee is now called the Estate Board, but the rules are the same as I laid out in the whitepaper. Each person's voice is equal and the system is designed around that.

So just remember it's 1 person, 1 vote. Person meaning someone who holds an account and has undergone full AML/KYC verification. You don't do that and your vote isn't counted no matter how many Estates you have.

Thanks for the reply though.

I'd still like to invite you to testnet. It will be a lot more clear how this works, if you try it first.

The only reason to hold additional Crowns is to benefit from TRs and ARs.

...or to sell it.
Anyway, I'm not going to contribute to something what is de facto your private business. Not any more.
Call it Crowns, call it Estates, but you have reserved for you more Estates that the rest of your world could possibly collect toghether.
I wouldn't contribute to such a project from the beginning, but at that time there seemed to be some decent people around who would vouch for you.

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Thank you for taking the time to reply.

Beyond all the FUD and conflicts I want to thank you particularly for not abandoning this great project. You can't imagine how disappointed I was (and others too obviously). I don't judge anybody. What could it change anyway. I could write ad nauseam, but I prefer to stay constructive.

You are a very determined person and I praise you for not giving up.

I contacted Dawn for the testings some days ago.

Now a question, do the AVIV (I presume) peg will be still set to USD $10?