Cool twist on the PoS/Mastercoin idea.
You should clarify and put in the OP a specific datetime (blockchain time) by which the issuing stops.
Is 03/Jan/2014 the official launch date for Nxt?
Also, I think you should have used some incentive for early adopters.
Mastercoin gave 10% bonus per week before the deadline.
Here, everybody has the incentive to wait until the last possible minute before sending their satoshis.
Since the deadline is still about 3 months in the future, I think it's still ok to change the protocol and include such a bonus. I wouldn't use 10% per week though ... let's see we still have about 11 weeks to go. MSC had a ~40% bonus over 1 month, and the short investment period was criticized. I propose giving Nxt users 5% bonus per week prior to the deadline. Fractional week counts as the appropriate fraction of 5%.
It's actually an interesting experiment in game theory. You intended the sent amounts to be small, but you might gather up a non-trivial amount in your address.
I assume the funds sent to
1BCN1ugdKdWd9pQ8Am9hMhtHZfmbXzxE8a will be used for developing the protocol/related bounties? Is this stated anywhere? This should be added to the OP.
BTW, it's really too bad you didn't use a vanity address for your version of
1Exodus.
Good luck, I will be following this.
If you want we can chat sometime and you can tell me about the vision of this new alt (ping me at
ron@bitblu.com).
I am thinking of setting an early adopter bonus, but I will do it after all main features are implemented and people can see it's not a vaporware. The funds will be used to develop services accepting Nxt.
Btw, I did use a vanity address (1
BCN1ugdKdWd9pQ8Am9hMhtHZfmbXzxE8a).
