I liked fuzzy's idea of having delegates standing by to benefit an exchange that integrates with us, just like ripple and nushares are able to do (with XRP and nubits grants, respectively). I think it's a strategy that needs to get implemented ASAP.
So since coinbase might be the biggest possible case to get on, or even get positive feedback from, I want to get a coinbase delegate started as soon as possible so we can show them that they already have a delegate ready for them when we approach them. Then they'll be incentivized to show interest because that would mean voters would vote for the delegate and their bonus would start to tick earlier.
Unless someone else who is able to get more votes than me is willing to create a 100% coinbase delegate, then I am thinking of starting coinbase.rune. I already provide the hosting for the bitshares faucet so I will be able to host and run the delegate from there. But before I register and pay the 60k BTS I want to see if there is actually support for this.
So here's the preliminary delegate proposal:coinbase.rune
100% payrate. (97% goes to project, 3% goes to delegate upkeep)
The project funds of this delegate will be kept transparently on the blockchain and will initially be used to pay a developer to help coinbase implement bitUSD (if they need this) or help fund the open source fiat gateway software. Once coinbase has implemented bitUSD in any form (either sell it in their wallet for 1 USD or buy it for 1 USD like btc38 does), then all the project funds will be used to give a signup bonus (10-20 bitUSD) for all coinbase customers who make their first bitUSD or bitcoin* purchase.
* regarding the bonus to bitcoin, my idea is if we also give money to bitcoin users then bitcoiners will demand coinbase implements us. Remember we wouldn't be giving this money away until AFTER coinbase has already integrated us and our price would be to the moon! If it turns out to give too much negative price pressure from angry bitcoiners insta-dumping then we can change it later to bitUSD only.
The signup bonus funds will be given to coinbase weekly, and I will test that they pass on the bonus funds to their customers as they should (perhaps having a whistleblower bounty for public evidence of cheating?). Later we can combine the signup bonus with bitshares KYC to be able to verify that they are given properly.
This delegate will be a temporary measure until its function can be replaced by a smart contract in some way.
Would you vote for this? Would you vote for this if coinbase showed clear interest in integrating bitUSD? What maximum monthly budget for coinbase bitUSD signup bonus would you support?
If anyone want to help with paying the registration fee that would be greatly appreciated. I have the funds myself and can easily pay it, but I'm not sure I will ever get voted in. Depending on the level of support in this thread I'll consider just risking it and registering the delegate myself. If I can't get enough support for this, then someone with more support can make a coinbase delegate instead - it's definitely one of the very important things at the moment.
I think we should have people making delegates like this for every big exchange! Coinbase, Circle, Okcoin, btcchina, btc-e, bitstamp, bitfinex etc. Even if the exchanges are slow to integrate, the funds can be used immediately to pay developers that work on making standardized fiat gateway software. Then once the exchange/wallet qualifies, then all the delegate pay goes to the signup bonus. Exchanges should make gateways to qualify, hosted wallets should support bitUSD to qualify.