What allocation are you doing in the genesis block?
I'll allocate only 1% , i'd like people to actually mine this, rather than depending on their PTS to just accumulate them stake. While it benefits the company to have a wider user base, i'll also need people to make real investment in the ideas and ventures. But since we all seem to be on good terms, NIG will be participating and assisting I3 in all ways possible, including funding mutually beneficial projects.
Again we see the limitations of defining in text what the invisible hand wants. Seems like so far the invisible hand wants 1% rather than the 10% prescribed.
As far people offering 1% and preferring to 'mine' it into existence... I just shake my head. Obviously you are attempting to mirror our business model in some manner and imbuing your coins with additional backing. Without a 10% honoring we will not be able to back, promote, or otherwise support your coin.
People mine shares so that they sell them for profit, they expend resources and time in an effort to accumulate the assets which they they divest at a profit. The assets gain value by miners evaluation of the cost of their mining operation and their expected returns. Mining, and expenditure of resource to gain these shares gives these resources value, this is why PTS was mined, people anticipated that they would earn profits from possession and trade of PTS. NRS is similar in many ways. My choice to give 1% to PTS is not in anticipation of what I3 builds, but an effort to grow the user base of NRS. People are free to redeem or not to redeem. The "backing" you speak of at 1 % is actually non existent, rather it is the other way round since i am giving basically free "value" to holders of PTS. They have not expended any resources to gain these shares, they are simply a product of goodwill and good business strategy. If NRS was directly interchangeable in the same way provided for PTS then you could say that i have imbued value into the company, but i cant can I?
Without a 10% honoring we will not be able to back, promote, or otherwise support your coin.
Backing, promote and support. PTS factors heavily in some of the ideas being developed, but if the community is against us because we refuse to pay 10% homage but 1% then perhaps that support is over-priced. The NIG is not seeking to be the underling but an equal partner which is why i said i look forward to working TOGETHER, not FOR. I've already pointed out that NIG is giving value to PTS holders "free" of charge, the idea is not competition but to cooperate and create a whole new industry.
Obviously you are attempting to mirror our business model
If you look for NoirBank, you'll find that these ideas were circling my head long before most people knew about I3, i'll admit your implementation has given me many ideas, but i had been thinking in this sphere for quite a while.
In fact NO...i do not agree with the autonomous part which is why you'll find i am creating corporate structures that will govern everything. A Dispersed Liability Decentralized Corporation more like which has both online and real world infrastructure.
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i passed out from exhaustion. i'll respond to every post now. Thank you for your patience.
if only i could talk like i type.
