Author Topic: BitShares Prospecti - case studies  (Read 2022 times)

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Offline Permie

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We are going to be a registrar wallet provider, so I would be happy to work with you on this.

I really like all you are talking about though, and I do believe you are the guy to get it done. It's the refer program that will be the vehicle in bitshares to carry this forward though, not a delegate bid.
Thanks Data, that means a lot!

I thought that a delegate position may not be suitable.
I am also in discussions with other members for a website collaboration, with the referral system in mind.

Another idea I have is to write these prospecti, and release excerpts to the members for crowdfunding it's open source release. I may also seek advice from other members such as @starspirit and allow them viewing of the full copy in order to vouch for their value.
If the goal isn't met within the time period, funds will be burned or returned and the documents will be released privately with rights reserved on publication.
I would then be seeking relationships with members such as @mangou007 in the french community, and others for translations in return for rights to publish.

This sounds more suitable to me, what do you think?

If the funding is reachable, especially with our current market cap in mind, then that could work also. I would caution you that the last attempted crowdfund here was very disappointing to many and this might work against you (moonstone). I think however that you are in a different space.

I am curious how you would see a return to the crowdfunders.. perhaps in the way of sharing the transactions generated by the refer? Or would this just be a burn for the community good?
Option #1 - Crowdfunder reaches goal (I'm thinking ~$50 per prospectus, not sure yet) and the material is freely available for all to post wherever they please. The crowdfunder would be to compensate me for my time and to have the works released for the good of the community, perhaps on bitshares.org or some other space where documentation is regarded as public domain.
Or a % of the referral income gained from the prospecti on a private website could be burned, to compensate members for the crowdfunder.
With no way of knowing how much income this would be, I'm not sure how a % would be decided.
A % significant enough to gain a SEO advantage, due to members linking to the material, may increase my profits overall and be a net-gain for everyone. Maybe that could work

Option #2 - Crowdfunder fails to get funding and I release solely for private referral income. Members who find my work useful may act as affiliate, but every time the material is used private profit is earned.
I see the problem of others stealing my work anyway and earning referral income regardless. Not sure how to overcome that.

Perhaps there is no real public need for this work, and releasing solely for private referral income may the best solution.
But I would like some way to have community backing for this work, as my intent to disseminate information regarding bitshares stems from a desire to see it succeed and free the marketplace - not for private profit.

Perhaps there is some way a UIA can be issued to somehow incentize adding content or contributing in some way. I'll have a think
« Last Edit: June 27, 2015, 01:55:05 pm by Permie »
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Offline BunkerChainLabs-DataSecurityNode

We are going to be a registrar wallet provider, so I would be happy to work with you on this.

I really like all you are talking about though, and I do believe you are the guy to get it done. It's the refer program that will be the vehicle in bitshares to carry this forward though, not a delegate bid.
Thanks Data, that means a lot!

I thought that a delegate position may not be suitable.
I am also in discussions with other members for a website collaboration, with the referral system in mind.

Another idea I have is to write these prospecti, and release excerpts to the members for crowdfunding it's open source release. I may also seek advice from other members such as @starspirit and allow them viewing of the full copy in order to vouch for their value.
If the goal isn't met within the time period, funds will be burned or returned and the documents will be released privately with rights reserved on publication.
I would then be seeking relationships with members such as @mangou007 in the french community, and others for translations in return for rights to publish.

This sounds more suitable to me, what do you think?

If the funding is reachable, especially with our current market cap in mind, then that could work also. I would caution you that the last attempted crowdfund here was very disappointing to many and this might work against you (moonstone). I think however that you are in a different space.

I am curious how you would see a return to the crowdfunders.. perhaps in the way of sharing the transactions generated by the refer? Or would this just be a burn for the community good?
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Offline Permie

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We are going to be a registrar wallet provider, so I would be happy to work with you on this.

I really like all you are talking about though, and I do believe you are the guy to get it done. It's the refer program that will be the vehicle in bitshares to carry this forward though, not a delegate bid.
Thanks Data, that means a lot!

I thought that a delegate position may not be suitable.
I am also in discussions with other members for a website collaboration, with the referral system in mind.

Another idea I have is to write these prospecti, and release excerpts to the members for crowdfunding it's open source release. I may also seek advice from other members such as @starspirit and allow them viewing of the full copy in order to vouch for their value.
If the goal isn't met within the time period, funds will be burned or returned and the documents will be released privately with rights reserved on publication.
I would then be seeking relationships with members such as @mangou007 in the french community, and others for translations in return for rights to publish.

This sounds more suitable to me, what do you think?
JonnyBitcoin votes for liquidity and simplicity. Make him your proxy?
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Offline BunkerChainLabs-DataSecurityNode

This is the kind of proposals that were popular late last year that lead to a handful of marketing delegates of different capacities not unlike what you have listed here.

I would say this is a classic example of what the refer program will be used for. There are a few hangouts where bytemaster talked about marketers would not use the worker proposal system, but rather would use the refer system, because then they will be well compensated for their performance. The worker system cannot really guage performance of a marketer with so many unmeasurable parameters. While a programmer, simply would have the code and function to show for the pay.

In this case, the deals you bring to the table via your refer, will bank you HUGE returns in transactions, and membership registrations.

We are going to be a registrar wallet provider, so I would be happy to work with you on this.

RIght now, I can tell you the delegate space in 1.0 is completely on hold. The community pretty much just stopped voting after the 2.0 announcement. Rather frustrating for those of us still active in the network and delegate system. I rallied for over a week to get a defunct delegate out of the 101 while trying to get them to vote in someone who is active and they are still hanging in the 101 slowing down the entire network with missed blocks.

This would not be suitable for a worker proposal I don't think, and I HIGHLY recommend not registering a 100% delegate for such a venture. As I said, voting movements are so limited right now.

I really like all you are talking about though, and I do believe you are the guy to get it done. It's the refer program that will be the vehicle in bitshares to carry this forward though, not a delegate bid.
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Offline Permie

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EDIT: I AM NO LONGER CONSIDERING RUNNING FOR DELEGATE BUT I WOULD LIKE TO PURSUE THIS PROSPECTUS IDEA SOME OTHER WAY

Some in the community have suggest I offer my services as a delegate, and now I'm excited about it. So here are my ideas for you to mull over while I'm on holiday for a few days!
(There is no delegate name or anything yet - I shall edit it here later)

Identify business use-cases such as gold dealing, couponing, prediction markets, decentralized banking services and produce industry-specific and easy to understand Prospectus' outlining how and why to integrate with BitShares.

I will strive to use these materials to target and close existing businesses and walk them through the set-up, in public on the forums.
These use-cases will then be encorporated into industry specific prospecti.
I envision that 3 use cases for each industry will be sufficient that there will no longer be a need for public walkthroughs.
By that point, the prospectus will contain all necessary information and proven-claims of profit increases and cost reductions due to BitShares integration of competiors in the industry.

Quote
pro·spec·tus
prəˈspektəs/
noun
noun: prospectus; plural noun: prospectuses

    a printed document that advertises or describes a school, commercial enterprise, forthcoming book, etc., in order to attract or inform clients, members, buyers, or investors.

I have previously posted examples of my work:

Quote
Can BitShares offer Vaultoro decentralized banking services?

https://bitsharestalk.org/index.php/topic,16724.msg214074.html

Quote
http://www.vaultoro.com/
Allow trading of gold bullion stored in insured, audited Swiss vaults against bitcoin.
They do not have any fiat banking services due to the added regulatory burden and the increased fees that would result.
I'm sure they could attract even more customers they could integrate bitFiat and bitGold as they could allow a 3rd asset for their users to hedge against eachother. Vaultoro would be insulated from regulatory burden and could collect fees on any UIA's they issue.
I think BitShares should establish a relationship with them as among other things such a partnership provides bts with a physical gold:bitGold and bitFiat:Physical Gold market to tighten the peg and increases liquidity.
Yet more opportunities to tighten the peg of bitAssets.

Which met with positive response, @Joshua Scigala from vaultoro:
Quote
Hi Guys,

Joshua Scigala here from Vaultoro

Thanks for reaching out. Jeff replied to the support tickets but I wanted to come here to discuss the legalities because technologically it's fine.

The advice that we have received is that tokenizing gold would throw us down a regulatory nightmare because we would then fall under regulations that cover financial instruments.

Has the bitshares community dealt with regulations around UIA's? 

===============================================
Later, after explainations in the post:
Thanks for the warm welcome guys and girls!

@xeroc Thanks for your detailed response.

I will have to run all this past our legal and regulatory specialists but it does look very cool.

@Permie Thanks for the info.

Quote
Why I think BitShares will succeed. Do competitors have all our features?

https://bitsharestalk.org/index.php/topic,16467.0.html

TL;DR - I like BitShares because of the message of freedom, Optional regulatory compliance, Bitcoin exchanges issuing UIA to attract bts users, Development is funded by the blockchain and voted for by the shareholders, At least 101 distributed block producing witnessing nodes, Core development is funded by the blockchain and voted for by the shareholders, Workers are paid by contracts voted for by the shareholders, Delegates are elected officials that act as the human element of the DAC, Blockchain Human Resources, Marketers profit from referrals, All aspects of the DAC are subject to change by a shareholder vote. Hard forks by shareholder vote only, 1 second transaction confirmations, Fast scanning of and reconnection to the network.


Quote
Step by step BitShares Sales Pitch. (Pre 2.0)

https://bitsharestalk.org/index.php?topic=17105.0

TL;DR: There is a market niche for a global unbounded organization that efficiently adapts and morphs to the needs of the market and the desires of it's members.
I believe BitShares is that organization.
The upper limit of this organization is bound only by the size of the global economy. The current main use for trading tokens of value are financial derivatives purchased by large institutions and well educated individuals who reside in geographical locations favoured by financially powerful nations who have capital to risk.
A system that can drop the barriers to entry and allow everyone in the world access to the global economy will rapidly expand the total value of the economy.
BitShares will not only rapidly grow to meet the existing market, it will rapidly grow the size of the market itself.
Currently this potential is valued at around $20M.

As the name Permie suggest, I (no)dig Permaculture. ;)
I aim to be self sufficient within 3 years, and to have developed an eco-village of 5-100 dwellings within 10 years. My intention is to then let-out these dwellings free of charge, with food, power and community to artists and free thinkers who have the potential to benefit humanity. In exchange for their pledge to work on their talent/genius without distraction, all material needs will be provided.
Some of the first of these talent people would be BitShares dev's! And because 'my' team will have near-zero expenditure they will be able to offer very competitive contract-terms to the wider bts community.
 
I am committed to living free and I would like to demonstrate that to you, my fellow members.
I would be interested in retaining my Delegate position after 2.0 to play a role in keeping BitShares on the right path, as deemed by it's principled members.
I view 2.0 delegates as similar to the upper house in current parliaments, but far more accountable.
I would like to provide my principles and commitment as one of many counterbalances to unfavourable changes in BitShares' future.
I cannot offer any guarantees about my eco-community farm but I think it offers valuable insight for the life I intend to lead and how I view the world.

Is this something that members are interested in and do you think a delegate campaign is justified?
« Last Edit: July 04, 2015, 07:36:30 pm by Permie »
JonnyBitcoin votes for liquidity and simplicity. Make him your proxy?
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