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Offline fuzzy

Non-Profit DACs?
« on: December 06, 2013, 11:25:38 AM »

http://altcoins.com/curecoin.html

Very interesting.  Along the same lines as PrimeCoin.  Could #DACs be built as non-profits??  I would assume parallel mining could be done with nearly all of them.  These types of things build trust from the outside community, actually help humanity and are basically free PR. 

Hell I might mine just for these sometimes...but merged mining?  It would be incredible to my thinking.
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Offline bytemaster

Re: Non-Profit DACs?
« Reply #1 on: December 06, 2013, 06:52:20 PM »
http://altcoins.com/curecoin.html

Very interesting.  Along the same lines as PrimeCoin.  Could #DACs be built as non-profits??  I would assume parallel mining could be done with nearly all of them.  These types of things build trust from the outside community, actually help humanity and are basically free PR. 

Hell I might mine just for these sometimes...but merged mining?  It would be incredible to my thinking.

All organisms must create more value than they consume or they will die.   For a non-profit DAC to be practical it must not consume wealth through mining and must fund its good cause from its profits rather than from its equity other wise it will die.
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Offline guaka

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Re: Non-Profit DACs?
« Reply #2 on: December 15, 2013, 12:51:33 PM »
I like the idea of a non profit DAC.
But it raises some questions: What is profit? Where's the profit in Bitcoin as a DAC?

Offline bytemaster

Re: Non-Profit DACs?
« Reply #3 on: December 15, 2013, 03:48:38 PM »
I like the idea of a non profit DAC.
But it raises some questions: What is profit? Where's the profit in Bitcoin as a DAC?

Bitcoin as a DAC is a negative profit enterprise that manages to grow in value despite the huge consumption of resources required to maintain it.  The value proposition of crypto-equities is so strong that they grow in value using a business model that would put a centralized company out of business. 

For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline fuzzy

Re: Non-Profit DACs?
« Reply #4 on: December 17, 2013, 05:03:44 PM »
I like the idea of a non profit DAC.
But it raises some questions: What is profit? Where's the profit in Bitcoin as a DAC?

Bitcoin as a DAC is a negative profit enterprise that manages to grow in value despite the huge consumption of resources required to maintain it.  The value proposition of crypto-equities is so strong that they grow in value using a business model that would put a centralized company out of business.

Beautifully stated ByteMaster.
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Offline luckybit

Re: Non-Profit DACs?
« Reply #5 on: December 20, 2013, 09:31:59 AM »
http://altcoins.com/curecoin.html

Very interesting.  Along the same lines as PrimeCoin.  Could #DACs be built as non-profits??  I would assume parallel mining could be done with nearly all of them.  These types of things build trust from the outside community, actually help humanity and are basically free PR. 

Hell I might mine just for these sometimes...but merged mining?  It would be incredible to my thinking.

All organisms must create more value than they consume or they will die.   For a non-profit DAC to be practical it must not consume wealth through mining and must fund its good cause from its profits rather than from its equity other wise it will die.

Social corps or low profit corps or benefit corps or not only for profit corps. There are a lot of different kinds of corporations which aren't the standard and nothing stops us from inventing new kinds which blend non-profit goals with for profit techniques to achieving.
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Offline naralda

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Re: Non-Profit DACs?
« Reply #6 on: December 30, 2013, 05:36:23 PM »
 8)

Offline isza

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Re: Non-Profit DACs?
« Reply #7 on: January 04, 2014, 11:33:45 PM »
I like the idea of a non profit DAC.
But it raises some questions: What is profit? Where's the profit in Bitcoin as a DAC?

Bitcoin as a DAC is a negative profit enterprise that manages to grow in value despite the huge consumption of resources required to maintain it.  The value proposition of crypto-equities is so strong that they grow in value using a business model that would put a centralized company out of business.

If someone creates a profitable DAC, what stops me from copying it and making a non-profit version?

Offline bytemaster

Re: Non-Profit DACs?
« Reply #8 on: January 04, 2014, 11:51:47 PM »
I like the idea of a non profit DAC.
But it raises some questions: What is profit? Where's the profit in Bitcoin as a DAC?

Bitcoin as a DAC is a negative profit enterprise that manages to grow in value despite the huge consumption of resources required to maintain it.  The value proposition of crypto-equities is so strong that they grow in value using a business model that would put a centralized company out of business.

If someone creates a profitable DAC, what stops me from copying it and making a non-profit version?

Market forces and competition. 
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Offline isza

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Re: Non-Profit DACs?
« Reply #9 on: January 05, 2014, 12:21:21 AM »
If someone creates a profitable DAC, what stops me from copying it and making a non-profit version?

Market forces and competition.

Thank you for the quick answer. I have read this in another topic:

Quote
Any DAC that operates with any degree of profitability above the bare minimum will likely find forked competition before too long who takes their work and turns a 10% fee into a 1% fee.  And then a 1% fee into a .01% fee, until whatever the minimum possible operating budget is found.

I don't get how the minimum possible operating budget can be greater than 0. Please tell me what I am missing.

Let's consider a distributed marketplace service. As far as I understand, all work is done by the miners. How could the minimum possible fee be positive? Can you give me a better example? Thank you.
« Last Edit: January 05, 2014, 12:24:45 AM by isza »

Offline bytemaster

Re: Non-Profit DACs?
« Reply #10 on: January 05, 2014, 12:29:37 AM »
Block chain resources are scarce and people profits help the network grow


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Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline toast

Re: Non-Profit DACs?
« Reply #11 on: January 05, 2014, 12:38:21 AM »
I don't get how the minimum possible operating budget can be greater than 0. Please tell me what I am missing.

If it is less than or equal to zero, nobody will put resources towards supporting the network, because they cannot be paid for it.
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Offline isza

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Re: Non-Profit DACs?
« Reply #12 on: January 05, 2014, 12:43:09 AM »
Block chain resources are scarce and people profits help the network grow


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Now I know what I don't understand. What kind of expenses can a DAC have? Can someone give me an example?

Offline isza

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Re: Non-Profit DACs?
« Reply #13 on: January 05, 2014, 12:44:59 AM »
If it is less than or equal to zero, nobody will put resources towards supporting the network, because they cannot be paid for it.

Thank you! Now this clears up a lot.

Offline arcke

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Re: Non-Profit DACs?
« Reply #14 on: January 05, 2014, 12:49:31 AM »
Block chain resources are scarce and people profits help the network grow


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Now I know what I don't understand. What kind of expenses can a DAC have? Can someone give me an example?
I think there are two kinds of costs invloved.
  -  There are meta-costs to people buing/renting equipment for its operation
  -  There are direct costs needed for the service of the DACS customers.

I do not have a quick example right now.
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