Approve my 100% pay rate delegate

Started by toast, November 13, 2014, 07:01:25 PM

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kokojie

Quote from: toast on November 14, 2014, 08:52:02 PM
The AGS funds will all be spent before january and salary for us is not a part of it. Some devs got lump sums of BTS but that is our golden goose and we don't want to spend it all to survive the next few months.

Can you share what/where will the AGS fund be spent on?

fluxer555

Quote from: toast on November 14, 2014, 08:52:02 PM
The AGS funds will all be spent before january and salary for us is not a part of it. Some devs got lump sums of BTS but that is our golden goose and we don't want to spend it all to survive the next few months.

So you have loads of BTS given to you from AGS funds, and you want more from shareholders so you don't have to spend it, and rake in maximum spoils later?

(Please don't misinterpret my tone- I just think these questions need answers)
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toast

The AGS funds will all be spent before january and salary for us is not a part of it. Some devs got lump sums of BTS but that is our golden goose and we don't want to spend it all to survive the next few months.
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

fluxer555

Quote from: speedy on November 14, 2014, 10:48:11 AM
Quote from: Riverhead on November 14, 2014, 10:32:43 AM
No. 3I will go away and they'll all get paid by the blockchain.

So why are we not burning the AGS funds first before we start 100% pay delegates? There is still $millions in AGS remaining right?

This.

Relevant. I thought Stan was behind me on this? What happened?

AGS funds are MOST effective NOW.
Delegate-pay is LEAST effective NOW.
AGS funds can be used to increase our market cap.
When the market cap is larger, dilution-pay is MOST effective.
When the market cap is larger, the inflationary effects of dilution-pay are MUCH LESS

Having I3 devs become delegates effectively does not 'add capital' to the ecosystem, since the capital behind AGS was assumed to be fueling these devs, and this value was assumed to be behind BTS and is thus priced in.

As long as the AGS funds are above $0, any delegates that would have been payed by AGS funds are unnecessarily and irresponsibly inflating BTS.

Stan, our resident rocket scientist: what happened to my rocket analogy that you loved so much?
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Riverhead

Not sure, there's a Google doc with the ledger. Don't have the link right now.

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speedy

Quote from: Riverhead on November 14, 2014, 10:32:43 AM
No. 3I will go away and they'll all get paid by the blockchain.

So why are we not burning the AGS funds first before we start 100% pay delegates? There is still $millions in AGS remaining right?

Riverhead

Quote from: abit on November 14, 2014, 08:46:15 AM
Quote from: bytemaster on November 13, 2014, 08:44:28 PM
Toast works on issues as they come up and is generally helping with development tasks.   So his plans are not well defined but clearly he can be trusted to use his time wisely.
Doesn't I3 pay him for his work?
No. 3I will go away and they'll all get paid by the blockchain.

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abit

Quote from: bytemaster on November 13, 2014, 08:44:28 PM
Toast works on issues as they come up and is generally helping with development tasks.   So his plans are not well defined but clearly he can be trusted to use his time wisely.
Doesn't I3 pay him for his work?
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