POV or 'Power Of Volume' Shares
These are 0% inflation crypto-equities that derive a large part of their value from the fact the a specific community/group is directing a large volume of seperately derived funds into that crypto-equity on a consistent basis. eg. Blackcoin. These POV shares may well form the basis for the Stock Market 2.0 IMOStock Market 2.0
A completely separate stock market geared towards users & customers of a company/revenue earning communities as well as people who want to invest in them. Instead of earnings/loyalty programmes/bonuses being paid out in $, they will have the option to be paid out in POV shares. (Like BlackCoin.) Market Cap
Unlike other crypto-equities, A POV shares minimum market cap will be a function of the minimum amount of volume that gets consistently directed into it. Blackcoin was merely the first, but thousands of external companies and groups will soon want to create POV share systems, that can be traded on crypto-equity exchanges.Potential Users Company loyalty programmes
- thousands of companies let customers earn 'points' however in the current system each new point issued doesn't increase the value of the old ones as they're not part of 0% inflation share systems. They're also not trade-able by people outside that community, so they're missing a large pot of potential funds. Revenue earning communities
- Blackcoin (A community of alt-coin miners) was the first but a consortium of Youtube/Itunes revenue generators will also choose in future to have their revenue directed into a POV Crypto Equity too.
(The more funds they direct and the more new people that join the more those shares will be worth.) Gambling sites
will start using their own currency/shares, the more users choosing to play and store their their funds in that currency the more those shares will be worth. (Win-Win for players & the site) Truthcoin:
- they intend to let people bet in Bitcoin and take 1% in fees payable to Truthcoin holders. Why not also start a POV coin that people are required to bet in? It's value will be much higher than Truthcoin IMO and will be a missed opportunity if they don't Bitshares can help new communities/companies with large turnovers or existing virtual currencies transfer over to 0% inflation share systems that are trade-able on crypto-equity exchanges. (The only thing missing is a partnership with a large exchange Crypsty/Bter etc. who would agree to list the crypto equity in exchange for a fee or X% of shares. )
Bitshares would charge a fee in the form of shares for the developers, the exchange listing, and 10% for AGS & PTS. This way these communities can have their own 'BlackCoin' listed and being traded in a matter of days for little work. The exciting part is the amount of companies & communities out there that already have huge volumes/loyalty programmes that can be directed into a Crypto-Equity option for their users virtually overnight, creating multiple $50 million + value crypto-equities which we can get shares in at the start.
Sidenote: This also an explanation of why Bitcoin 2.0 will never work. The future is communites creating their own POV Shares where the beneficiary of not only the services offered by but also the value of that crypto-equity and the volume flowing through it is primarily the individual communities/companies not Bitcoin holders in general.