: this post is in reference to raising funds for normal, yet expensive
tasks such as those ordinarily carried out by delegates within BTS. For example, an expensive advertising campaign...
Is it possible to create a semi-automated 'fundraising system' within the protocol, whereby users can give funds for a project and receive 'interest' if the project is successful?
Failing this, is it possible to do it in a more manual way using delegates, and requiring some trust?
Has anyone discussed ideas for fundraising above and beyond delegate pay? (My understanding is that delegate pay is limited by the amount of fees being payed in the system)
Is there a mechanism in place (or planned) for bringing in more money if it is deemed to be necessary or desirable?
What if someone comes up with a really good plan which the community wants to see implemented for the benefit of BitShares, but funds are lacking?
What if the community could in these situations give funds voluntarily and immediately?
I believe there may be various ways to implement something like this. The main problems I see are that some trust would likely be needed, and subjective issues would need to be voted/argued on.
Perhaps this isn't possible, or would introduce too much scope for underhand dealings?
There are some complicated issues here, perhaps more than meets the eyes.Potential upsides:
- This could be an alternative, in some cases, to increasing inflation.
- It could offer increased 'yield' to those individuals who want to take risks, at the same time as supporting improvements to BitShares.
- These individual risk takers could swallow the loss of the initial investment, instead of the BitShares userbase as a whole.
- Perhaps this method would therefore allow risky projects to take place when otherwise they wouldn't have got off the ground.
- It could allow more flexibility if opportunities suddenly appear which would ordinarily take a long time to fund.