On spawning DACs honoring the Bitshares Social ConsensusEach time a new DAC honors the Bitshares Social Consensus, the Bitshares AGS and PTS holders are happy since they receive a fifth or more stake in the new DAC. Each time Invictus launches a new DAC, they honor the Bitshares Social Consensus and give the Bitshares AGS and PTS holders a fifth or more stake the new DAC.Why does Invictus do this?
Because Invictus promised to do so in exchange for the funding provided through AGS and PTS. In addition, Invictus are themselves holders of AGS and PTS, so they have incentive to follow through.
Why would anyone else do this?
Through funding Invictus has come into possession of significant capital. This allows them to create an attractive infrastructure that promises all young and aspiring DAC creators a slice of heaven if they commit to the Bitshares Social Consensus.
How does Invictus and the AGS/PTS holders promise young and aspiring DAC creators a slice of heaven?So far there have been a number of suggestions.1. Prizes, Bounties and Stipends
-- Stan's idea of a Shark Tank-like competition with a panel of judges
where the prize is incubation, hosting, consultation support and promotion, and maybe stipends and cash?
-- Bounties for DACs honoring the Bitshares Social Consensus, such as those suggested by Adam
-- Stipends to cover legal fees, travel/stay at incubator, etc.2. Hosting and Incubation
-- Work in one of the incubators.
-- Free fully equipped office space.
-- Participate in presentations and meetings.
-- Interact with the Invictus team.3. Consultation and Support
-- Legal, accounting, financial and tax support.
-- Forum and web site support.
-- Consulting with Dan Larimer and the team of innovators.4. Promotion
-- Promotional support integrated with the global marketing campaign.
-- Help with reputation on the forum and through the Bitshares website.
-- Opportunities to speak at a major conference.5. Community
-- Ready-built community - lots of informed
eyeballs on your idea that help to refine it.
-- Attract PTS holders
as a pre-selected informed group that have proven they won't mine and dump.
-- Attract AGS donors
as a pre-selected informed group that have proven they will invest in good ideas.
-- Get help from Invictus and the AGS/PTS holders in removing whatever obstacles stand in your way.
Arguments for young and aspiring DAC creators to honor the Bitshares Social ConsensusSo far there have been a number of arguments.
-- What's the alternative? Many would suggest you give it *ALL* away to mostly fly-by-night mine-and-dumpers, or that you keep it to sell, in which case you could be accused of transmitting money, offering securities, or pre-mining.
-- Of all the fair share distribution models that have been tried, the PTS/AGS combination has been perhaps the most fair. In addition, this model has perhaps produced the most successful funding campaign in crypto history.
-- What happens when your DAC suddenly has multiple competitors cloning it and looking for ways to overcome its first mover advantage? Think ahead and attach yourself to a large, fair, open and prosperous community.
-- With as little as 20% to the AGS/PTS holders there is still as much as 80% left for whatever you desire. One option is to do an AGS-style fundraiser where people donate crypto to your cause for a stake in your DAC.