Feedback On Distribution

[yeqbfgxjiq]

Looks like you guys are trying to figure out how to A) pull data from the Edgeware contract to seed the genesis block of Straightedge and B) distribute/initialize a "dev/community fund" for straightedge?

If so,

• A) hard code it into the genesis block so that everyone can see what happened and make sure there's a block explorer available to easily verify stuff
• B) I'd recommend exploring the work Zcash is doing in that direction, esp the perspective of Chris Burniske: https://forum.zcashcommunity.com/t/placeholder-considerations-resources-governance-and-legitimacy-in-nu4/34045

Personally I think that the best way to go is:

• allocate the "frozen" tokens that would have been distributed to Parity/W3F towards the initial dev found
• then fund ongoing community/development endeavors via inflation funding. The exact amount of this is unknown (initially 5-10% seems reasonable), but since one of the blockchain's main features is on-chain governance the community can figure that out as they go

Speaking of on-chain governance, Edgeware/W3F supports (and the core team) are going to be the majority token holders in Straightedge too! Yay... so, any on-chain governance of Straightedge is going to be deeply biased towards those parties. Not sure if that's a feature or a bug, but def something to consider lol

[chrishobcroft]

@burrrata wrote:

Edgeware/W3F supports (and the core team) are going to be the majority token holders in Straightedge too!

Can you clarify why you believe this to be true?

AFAIK this has not been agreed - do you know otherwise?

[yeqbfgxjiq]

You're literally forking the Edgeware blockchain. Edgeware participants support Edgeware. It is not in the interest of the core Edgeware team for Straightedge to succeed. It also may or may not be in the best interest of Edgeware supporters for Straightedge to succeed. As such, it is highly likely that these token holders would A) vote for governance decisions that do not benefit Straightedge or B) simply sell their tokens, creating extreme buy pressure - this would drain market liquidity (if Straightedge is even listed on exchanges), suppressing any potential funding/rewards that Straightedge would planned to offer to it's community/devs