# I have realised through a new idea that I have, that there is no need to filter user signups, one way or another. 
There is another, more difficult puzzle now to solve. How to stop an explosion of new accounts.

The simplest way is freemium method. Given enough time, a user can earn enough stake to lift the limits. The primary limit has to be they can't have stake delegated. In fact, this may really mean, that stake delegation should not exist.

I am thinking through this, and I will have a definitive answer in the next day. I will be posting as @calibrae about Calibrae from now on, and I will not be posting, or voting, as l0k1 or elfspice anymore.

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# Please click <a href="https://steemit.com/calibrae/@elfspice/call-for-interest-in-calibrae-beta-vote-on-this-post-to-be-counted#@manishmike10/re-elfspice-call-for-interest-in-calibrae-beta-vote-on-this-post-to-be-counted-20170808t082732494z">here</a> to go to the new calls for expression of interest post, where you just vote to indicate interest.
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<div class="pull-right"><h1><img src="https://raw.githubusercontent.com/calibrae-project/assets/master/calibrae-header.png" /></h1></div><div class="pull-left"><h1> I</h1></div><h3>&nbsp;</h3>am announcing the Initial Public Offering for the Genesis Blocks of Calibrae. Comment in this thread to have your Steem Balance <em>copied</em> and converted to it's equivalent as JUICE and Stake on the new chain, which will be under your control, via your current password, when it goes live.

#### Make sure, if you comment and want to be added (and if you are a known preminer, or look like you might be, based on your balance, you will be deleted from the list) that you put aside your username and password as valid last night, somewhere safe, for when the network goes live.

### Note that simply opting in by saying so in a comment here is no guarantee you get your account copied into the new chain.
Every opt-in account will be verified to make sure it cannot be easily connected to a preminer account. If you have a big balance, basically, you will be investigated.

# If you want in, you can also help get the initial membership grow faster by resteeming this post

<br />To explain how your initial balance will be calculated, it goes like this:

1. All Steem tokens are based on a primary token called VESTS. Steem and SBD have a momentary exchange rate to VESTS, that can be determined based on the current state of Witness price feed configurations related to the current Steem exchange rate. This will be frozen as of some time last night, at the point my node has synced to. Later on, I will make this snapshot available along with the script I will be using to extract all the user logins and account balances, so anyone can also verify that the calculations are faithful and correct.

2. All Steem in accounts that will go across to the new chain, will be converted to their underlying VESTS, at the block that this snapshot has encoded in it, and the new version of VESTS is called JUICE.

3. All SBD in accounts that will go across to the new chain, will likewise be converted to their underlying VESTS, and this balance will be added to you account balance of Juice.

4. All Steem Power in your account, will be also converted to its underlying VESTS balance, and this will become your Stake balance in the new system, and this balance you will be able to draw down by the new Stake withdrawal rule of 1% of remaining balance per day, paid out at the time you set the draw-down.

5. To repeat, make sure you save your password that was current as of last night, as you will need this to access your new account, when it goes live.

6. Your reputation score will also be migrated to the new chain, as will all other accessory data. Your original account signup date will also be added. (note that I will be merging my accounts l0k1 and elfspice together in their totals into a new account loki, and the largest reputation of the two will be my total, even though I have earned some amount more as elfspice). Note also that reputation scores, in Calibrae, will be scaled based on the highest reputation account, and their proportion of this will limit your stake in its voting power. **If your reputation has been abused by preminer accounts, we can discuss resetting it to the default initial value, or what it was before the attack.**

I have got a bit sick of the people who seem to think that it is a productive use of my time, to listen to nonsense about how we can "work within the system". If that was gonna work, don't you think after a year of people fighting this, that if that was an effective strategy, we'd still be here lamenting what an injustice this all is?

http://memeguy.com/photos/images/you-get-excused-from-work-paid-and-get-to-experience-the-legal-system-from-the-inside-191492.png

# So, if you want in, make it known in the comments.

<br />Your balance as at last night will be migrated to in the genesis blocks, and your login will be the same as it was last night.

I don't see any reason why to continue trying to fight against an incredibly corrupt, and corrupted system, nor, to have this system weakened by people who come in, at the beginning, with their asses spiked on the fence. You are in, or you are out.

We can at least then have better discussions without these wishy-washy people, about what we want to do.

I know there is gonna be more than enough people to run the network, as per the specs it runs with now, with the consensus rule changes I have proposed.

It does not matter if we are not legion. We just need to be tight, and strong. If we are right, then the people who come to sign up after we get this running, will be probably worth having onboard.

# Why not an ICO?

<br />Because until it's live, it would be illegal to do this without registering Calibrae Stake  as a Security with the Securities Exchange Commission for users in the USA.  I am not based in the USA and I do not represent any legal entity in the USA, and I am not going to put this into their juridiction. If someone else wants to do this, that's their business. Even if the ICO was primarily Juice tokens, to create the account, there has to be the minimum account fee, which creates a Security asset called Stake.

Because you will pay nothing but a little of your time and attention for your stake, it is not a true public offering of a security, and thus, it is none of the SEC's business. Only juice can be traded, and Stake is not being offered for sale, it can only be bought with juice. I believe, but I can't be certain, that means that it is not a security. Also, this may be the loophole that the preminers will get get out of jail free cards for. But the morality of their premine is highly questionable, even if it skirts the law. It makes me realise that probably there is no scope for SEC prosecution of Steemit, but I don't answer to human law, only the law of this universe, anyway.

So if I profit out of this project, I'm free and clear, because of the value I have provided in doing it, to those who participate.

# Update

As at 21:37 Bulgarian summer time, August 7 2017, we have 73 :) All names in the list have been added to a spreadsheet and will be updated as more shows of interest are made, and this will continue until Day Zero.

https://docs.google.com/spreadsheets/d/1QUC8GhJRsbkZzgfX2VNgfEiGS-LAFT14vu5UByQt9x4/edit?usp=sharing

###### Note: the flag on this post is from @sneak