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Offline toast

Namecoin airdrop?
« on: April 11, 2014, 05:06:15 PM »

Should we pre-allocate some fraction of DNS to namecoin holders?

Anyone who educates themselves enough to redeem their DNS will probably realize they should dump their NMC and support this effort.
The vast majority would never be redeemed and would just turn into dividends one year from now... so it's still sort of like allocating most of it to AGS/PTS. This makes me feel ok about allocating as much as like 20% to namecoiners.

This would also make it much more likely that people would honor .p2pshares directly... we might not need a DNS proto-DAC if all namespace DACs honor the previous players in the space and AGS/PTS directly.
« Last Edit: April 11, 2014, 05:08:01 PM by toast »
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Offline xeroc

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Re: Namecoin airdrop?
« Reply #1 on: April 11, 2014, 05:26:44 PM »
brilliant idea
+5%

20% is ok in my opinion
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Offline donkeypong

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Re: Namecoin airdrop?
« Reply #2 on: April 11, 2014, 05:33:21 PM »
The more I have thought about this in general, the more it makes sense to reserve some DAC shares for holders of other coins. BTC is the obvious choice with such a huge community. But maybe a niche coin like Namecoin could help draw in the right kinds of people for DNS. OK with me.

sumantso

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Re: Namecoin airdrop?
« Reply #3 on: April 11, 2014, 05:38:01 PM »
Only thing is that I would like to avoid the exchange wallets; though I don't see how it can be made possible. Maybe put a cap on the allocation per address, or make it non-linear; or even a constant?

Offline toast

Re: Namecoin airdrop?
« Reply #4 on: April 11, 2014, 05:42:39 PM »
Neither would prevent sybils, which is only a concern if a rich namecoiner learned about the airdrop ahead of time.. The mega-wallets like exchanges could be dealt with by having a cap or non-linear reward
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Offline santaclause102

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Re: Namecoin airdrop?
« Reply #5 on: April 11, 2014, 05:46:33 PM »
Has the AGS/PTS allocation been announced for DNS?
Do you mean 40/40/20?

Offline toast

Re: Namecoin airdrop?
« Reply #6 on: April 11, 2014, 05:51:28 PM »
Most recently we're thining 45/45/10 PTS/AGS/Devs. So 35/35/20/10?
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Offline donkeypong

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Re: Namecoin airdrop?
« Reply #7 on: April 11, 2014, 05:53:15 PM »
That would be cool, of course setting a time limit (1 year?) on the drop-coins.

Offline toast

Re: Namecoin airdrop?
« Reply #8 on: April 11, 2014, 05:54:20 PM »
That would be cool, of course setting a time limit (1 year?) on the drop-coins.

There is automatic 1 year 5% penalty... so a small source of dividends for a long time
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Offline santaclause102

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Re: Namecoin airdrop?
« Reply #9 on: April 11, 2014, 05:56:18 PM »
Most recently we're thining 45/45/10 PTS/AGS/Devs. So 35/35/20/10?
That sounds like way to much to me for Namecoin given that this just serves to raise interest with Namecoiners. Their interest would be raised similarly with 5% or 1%. Also this might then seem as DNS shares are not worth much so they can be given away easily and as if we are desperate for Namecoin holders...

sumantso

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Re: Namecoin airdrop?
« Reply #10 on: April 11, 2014, 05:58:33 PM »
That would be cool, of course setting a time limit (1 year?) on the drop-coins.

There is automatic 1 year 5% penalty... so a small source of dividends for a long time

I think it should be a little more drastic. The airdrop is designed to get more people, who are more likely willing to participate in this, interested in this. If, in a few years, it becomes big and some Namecoin holder realises that and then breaks out the wallet to claim some free money - well thats not our target. We want people to be interested to make it a success, not award it to freeloaders who become bothered after it is a success.

Offline JoeyD

Re: Namecoin airdrop?
« Reply #11 on: April 11, 2014, 06:12:10 PM »
I don't mind giving namecoiners a piece of the pie.

Most recently we're thining 45/45/10 PTS/AGS/Devs. So 35/35/20/10?
That sounds like way to much to me for Namecoin given that this just serves to raise interest with Namecoiners. Their interest would be raised similarly with 5% or 1%. Also this might then seem as DNS shares are not worth much so they can be given away easily and as if we are desperate for Namecoin holders...
I don't have very strong opinions on the the percentages and if the announcement is worded correctly it might alleviate the problem of sounding cheap. Big selling point could be (it is for me at least) that we like the concept of namecoin, but we don't like the bitcoin centralized mining, so we propose this solution with a stake for current namecoin holders. There might be a number of other arguments that should clear things up in regards to our motivations. I don't think it would be bad to list our reasons for creating an alternative to namecoin and prove those motivations by reaching out a hand with no strings attached. A take it or leave it deal like this doesn't sound too bad to me.
« Last Edit: April 11, 2014, 06:17:34 PM by JoeyD »

Offline santaclause102

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Re: Namecoin airdrop?
« Reply #12 on: April 11, 2014, 06:14:57 PM »
What would be an allocation strategy that attracts highly valuable stakeholders, like great programmers/contributes?

Another thing for fast bootstrapping I could think of is to allocate say 10% to "community tasks": One person or a group of people come up with something that will benefit everyone, then they set a price to the task to be accomplished (the price would be justified by expanses for man-hours or external expenses): The shareholders then can vote whether the group/individual should go ahead. Some escrow guy then decides whether the task has been (partially) accomplished and the shares would be (partially) given to the people/individual.
Clains also made a great suggestion here: https://bitsharestalk.org/index.php?topic=4059.msg50889#msg50889

Those suggestions could be part of the developers share....

Offline santaclause102

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Re: Namecoin airdrop?
« Reply #13 on: April 11, 2014, 06:54:45 PM »
Shitty cross posting sorry...
I am a big supporter of the idea as you immediately have a bigger supporter base.
I would set time limits to claim your shares, like: Claim them in a month and you will get x, claim them within the following month and you get 1/2 of x. This creates a date that draws attention to Bitshares like the Bitshares Snaphot did otherwiese people will just say "I will try to understand Bitshares later as I can claim it anytime"... And as Sumantsu suggested I would finally limit the claiming period, see the other thread toast posted above.   
And I would do this with THE GOAL or THE FUNCTION in mind it is supposed to have, which is creating support and attention. Say 1% has half the effect that 5% has but it costs just 1/5... If you are giving away more than is necessary to support this function it is just wasted. The money could better be given to hiring more developers / a developer fund....

Offline donkeypong

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Re: Namecoin airdrop?
« Reply #14 on: April 11, 2014, 11:01:18 PM »
YEAH! Love it. One other idea: why not end AGS early and allocate the remaining cut to BTC and othercoin holders? That would give them a stake in the whole chain, and not a fungible one because it is not liquid. Use it or don't, and if they don't, then it disappears (on a half life schedule, if you prefer). That would have the dual effect of increasing the value of AGS holders' holdings. Which I'm sure would minimize the pain of sharing.

 

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