More justifications for the 2.7 years of coin premine go here.
11 million, 60 million, hell take it all. It will have no value on any exchange either way. No value means no money for you and no ability to work on it fulltime. Take a far smaller premine, lock it up in contracts released once a month (you say you want a wage right, not an up front moneygrab) and buy orders will actually be placed on exchanges, and you will be able to work on it fulltime.
I consider this a rather insightfull comment. This currency can actually self regulate its own premine (unlike previous bitcoin clones). If the devs were to lock up the funds in the block chain and set a release mechanism at set points in time it would go a long long way to building trust. Especially if the first pay out was set a month or two in the future. Some aditional contracts could be set up for bounties etc.
It is what we are doing. Its all in the OP
No you are granting yourself 10% at launch, the point made by the previous poster was you should delay that at least a while, until it is not such a large % of the total supply. I appreciate the fact that as "gas" or crypto fuel this is not the same concept as a pure currency, but as the reality is it will have some monetary value which you could sell on an exchange. The point is if you want to build trust that should not be available immediate upon launch and at the time of the release should not be a large % of the total supply. This action in conjunction with acontract controling the release is the act that builds trust.
My recomendation is propose somthing more like: at any point the relase is no more than 5% the total supply to yourselves, and the first drop does not happen for at least a few weeks. If you want to control additional contracts with releases for bounties thats great too, but you have 10% at launch right now that could be dumped. I see nothing contrary to this.
If you want to use the 10% as a "wage" thats totally legitimate, but then do it as an ICO and then let contracts implement a thawing out period to distrubute those funds to the ICO participants over a period of time as well.
We are exploring other ideas. One idea that has popped up in our slack chat was to take the 1.1m we are getting up front and locking up 1m in a founders dao and have it drip to us on a regularly basis that way the community funds are spent completely democratically and independently of the founders reserve. Which would leave 100k initially to pay bounties with.
I think this solution is a better one and I hope you go through with it. A stronger market for the Expanse token means a stronger Expanse network.
Yes, I agree, we had gone over this stuff internally before and it doesn't matter to the team as we trust each other, but it would help with outsiders that don't know us. I think this is pretty much a done deal, 100k at start for the team, rest slowly over time. It would be a much smaller available reserve at start, but over the long run it would still be fair for us. This would give more spaced out funding over time and should also remove concerns people might have over the team having too many votes too soon. I also like that the smart contracts are almost like a time locked safe with many doors, and that keeps the reserves of EXP totally safe from anything that could potentially go wrong, which means everyone involved is more secure and safe.
EDIT: FAQ is updated with this change, 100k only at launch.