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Messages - Sandrine

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Maybe we can get a hangout going this weekend to help you connect with the community here.  I find that in an hour of voip with the "DAC-SAVVY" investors here, we usually get a good bit done.

People planning on sharedropping on us are among the first I like to bring on to chat about their work an gain insight from the community.

Yes definitely! I would love to get in touch with you this weekend - I'll include other members of the NeuCoin team if you don't mind. Let's set this up!  :)

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bytemaster and luckybit, thanks a lot for the feedback!

Something to consider is that Alt-coin whales are probably more valuable than the smaller players because they have invested more into the alt-coin space. So I would identify how much you would be willing to pay to acquire a whale and have that be the upper bound, and then identify how much you would be willing to pay to acquire a "fish" and have that be the lower bound.  Then I would scale the amount given each user linearly between the lower and upper bound.

The proportional reward between a lower and upper bound sounds very interesting. It could indeed attract more than just “small fish” by giving more than symbolical amounts of NeuCoins.

Depending on the value of the sharedropped NeuCoins, it could be profitable for people to create many new accounts and split their balances (especially for cryptos where it's cheap to do so).
Could this kind of 'gaming the system' be a problem, or is it relatively insignificant?
Either way, I don't see a decent way to avoid it, assuming that you definitely don't want the sharedropped amount to be fully proportional to stake.

hadrian, we also think we need to mitigate this scenario - in which people would split (or purposefully manipulate in any way) their holdings in order to game the system. Our last question: “on what date should we take a snapshot of each altcoin’s blockchain to determine eligibility for this program” revolves around this. In the case of a fully fixed sharedrop, it would definitely become a risk we would have to address.

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Hi!
This is Sandrine, I’m working with koubiac on the NeuCoin Project.

I’m reaching out to ask for the Bitshares community’s feedback on another topic. We are considering a distribution program whereby a fraction (3-5%) of NeuCoin’s 3 billion coin premine would be distributed to existing holders of select digital currencies: Peercoin, NXT, Bitshares, Blackcoin, Nubits, Ripple(?), Stellar(?) and potentially Dogecoin (Jackson Palmer is a strategic advisors and Doge has been a pioneer in terms of wide distribution and micro-transactions).

I just created a dedicated topic here https://bitsharestalk.org/index.php/topic,15755.0.html on this subject, so as to keep this thread clean.
Looking forward to your feedback!

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General Discussion / NeuCoin distribution program to Bitshares holders
« on: April 15, 2015, 03:01:10 pm »
Hi! This is Sandrine, I’m a member of the NeuCoin Project team. As you may know, NeuCoin is a PoS currency launching this summer. We recently published a white paper arguing that PoS is superior to PoW, and appreciated the support we got from the wider PoS community against the PoW die-hards.

I’m reaching out to ask for the Bitshares community’s feedback on another topic. We are considering a distribution program whereby a fraction (3-5%) of NeuCoin’s 3 billion coin premine would be distributed to existing holders of select digital currencies: Peercoin, NXT, Bitshares, Blackcoin, Nubits, Ripple(?), Stellar(?) and potentially Dogecoin (Jackson Palmer is a strategic advisors and Doge has been a pioneer in terms of wide distribution and micro-transactions).

The goal of the program would be to involve the PoS community and achieve the fairest and widest possible distribution of NeuCoins to early adopters who are experienced with crypto in general and PoS in particular. The program fits with NeuCoin’s foundational principle of distributing the currency not just to miners, but to all participants in proportion to their contribution to growth in value and utility - so to consumers, merchants, developers, content creators, service providers like exchanges, wallets, processors, etc.

We ask you for your general feedback on this program, as well as input on the following specific questions:
  • What factors should we consider when deciding which altcoins to include? Just PoS coins? Ripple, Stellar? Certain PoW coins like Doge and LTC?
  • What percentage of the program’s coins should be allocated to each altcoin? We want to be “fair” but more importantly want to allocate in the way that optimizes the growth and adoption of NeuCoin.
  • What should the distribution rules be? We want wide, fair distribution, meaning that we don’t want the majority of the coins going to a small number of altcoin whales. Should distribution be pro rata above/below a certain line? We are considering having a fixed payout ratio for each altcoin (X NeuCoins per BTS) with a minimum and maximum payout for each address. What kind of minimum and maximum payouts per address do you think make sense?
  • A last question - on what date should we take a snapshot of each altcoin’s blockchain to determine eligibility for this program?
  • Any other aspect or consideration you want to bring up?

We hope you find this interesting and look forward to your feedback.

If you want more information about NeuCoin’s distribution, we just published a Strategic Plan on neucoin.org. We also just released a new questionnaire in which we ask respondents about the above distribution program among other things - and we’re rewarding everyone who completes the questionnaire with up to 2,500 free NeuCoin. We also just announced the details of our presale that starts on April 28.
Thanks, and let me know if you have any questions!

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