Author Topic: Moonstone - New Bitsapphire Wallet: Fundraiser proposal  (Read 24879 times)

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Offline santaclause102

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Aren't there at least to other light wallets in developement: Yunbi and Valentine? Why another one?

Offline xeroc

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Nice fundraising ideas with the ious .. as roadscape mentioned .. what will happend after ious are bought back ... or .. what id the hardcoded delegates wont make it into the top 101?

Offline roadscape

Excited to see what you've created!

Essentially the $130,000 fundraiser-loan allows the community to "buy" an MIT license. Do I understand correctly?

Assuming BTS stays around 1 cent, 4 delegates would make $130k in 25 months.. what are the plans for your delegates at that point?

You say hard-coded delegates.. users will still be able to unvote, right?
http://cryptofresh.com  |  witness: roadscape

Offline graffenwalder

Quote
The wallet will have 3-5 hardcoded delegates. All proceedings from the delegates will be converted to bitUSD. 100% of these bitUSD will be used to set 1:1 buy orders for the Bitsapphire UIAs you received.
What does this mean. Every chain that wishes to use the wallet, will have to put up 3-5 delegates?

Offline bitsapphire

Hello everybody,

At Bitsapphire we have been working tirelessly for the last few months on our own BitShares wallet called Moonstone. You can subscribe for updates on Twitter, Facebook, or Google+. Working with the BitShares Music / Peertracks team has helped us tremendously to advance the Moonstone architecture beyond what we initially planned.

4 developers have been working on the Moonstone full-time so far, while the entire team of 17 people gave regular input to the project.

Intro screen videos will be added to this thread next week. We hope to be able to present the project in a mumble talk and answer any community questions.

We plan on doing a kickstarter-style fundraiser within a few weeks and wanted to get the community’s feedback on our fundraiser approach. We have already recorder the video for the fundraiser and we are working on video editing, etc.

The plan is as follows:
  • February: Launch the Moonstone landing page and get the word out.
  • March: We’ll do a scaled kickstarter with a minimum of 130,000 USD worth in BTC/BTS and no upper limit. Donation period would be 30 days.
  • We’ll map everybody’s public keys and send Bitsapphire UIAs to the corresponding public keys on BitShares. For every USD worth in BTC/BTS you send you’ll get 1.1 Bitsapphire UIAs.
  • Once the campaign ends and we reach the sufficient budget, our user friendly wallet will be released under the MIT license (this means that anybody will have the right to use our code also for for-profit reasons). This is especially appealing to projects out there which need lightweight DPOS wallets but don’t want to develop it themselves. Future DPOS forked projects will also be able to easily use the code.
  • The wallet will have 3-5 hardcoded delegates. All proceedings from the delegates will be converted to bitUSD. 100% of these bitUSD will be used to set 1:1 buy orders for the Bitsapphire UIAs you received.
  • This means that anybody who sent donations will receive 10% more than put in. Depending on the BTS market cap, this means that you’ll effectively get your donation back in 5-30 months (rough calculation based on historical BTS market cap, not binding and dependent on Delegate proceedings).
  • If we fail to reach our budget the Moonstone Angular frontend will be released under the more restrictive GPL3 license which makes it impossible to use the code for for-profit reasons. The backend which makes the light client possible remains closed source. Nonetheless, the wallet will be released with the same number of delegates and whatever budget we got will be converted as planned with a 1:1 ratio.

All funds received are considered donations, no actions on our part are binding in any way. However, similar to the BitShares no-force approach we intend on following through with the above steps (unless the community gives us at this point good counter arguments or better proposals).

We’d love to get input from the community. What do you think?

Register and get your personal Moonstone Wallet Beta here: https://moonstone.io/login-register.html