Author Topic: Poll: PTS & AGS allocation expectations for main upcoming DAC's  (Read 6251 times)

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Offline Empirical1

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You have now turned what should be a simple process into an excruciatingly complex process by mixing 2 naturally separate roles and combining them.  I now must analyze the spending habits of tons of delegates and combine that info with my various levels of trust and faith in their abilities to perform a simple task of running delegates to write blocks.  It will cause voters (shareholders) to disengage, tune out, and only approve a couple delegates at a time, and ultimately lose faith in the institution.

I think it engages shareholders MUCH more.

As long as the system drip feeds the equity, the risk is low.

DAC's are businesses selling products & services, so they will need centralised advertising campaigns etc. imo. So I can see DAC's having a marketing delegate which may even end up being a full service agency that gets their budget released via the blockchain and if the shareholders don't like the job they're doing, they will be fired. I can see them having a Charity delegate. A couple of Developers as delegates Etc. (Though most of the delegates elected will probably be the ones giving the equity back to shareholders most of the time.)

I think it's potentially great, like personally I think airdropping equity is generally a bad idea, if I'm right and that when you have a competitive product/service the money is better spent on traditional advertising to let customers know about it and make it accessible and convenient for them, then that should quickly be realised by self interested shareholders & they should move towards voting to direct equity in the best interest of the company when one or another approach is shown not to work. (For example if I saw oh wow airdropping to Y did generate a lot of free advertising, new support & the share price wasn't effected then I would even change my mind and vote for airdropping more of the equity.)

So basically whatever is the best model, this kind of approach gives the DAC the best opportunity to find it imo. 
« Last Edit: July 07, 2014, 02:24:43 am by Empirical1 »

Offline bytemaster

Simply vote for all the delegates takin g 0 or 1% pay.  Nice and easy.


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Offline Agent86

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Shareholder controlled distribution (SCD?) is needed.  Doing this through delegates is a big mistake.  There will be a LOT of wasted money and value that goes into delegate profit for the simple reason that people don't have time to keep track of how 101 people spend money.  Right now the process of approving a delegate is rather simple; you ask yourself the question:  Is this a trustworthy member of the community who will keep a server running reliably?

You have now turned what should be a simple process into an excruciatingly complex process by mixing 2 naturally separate roles and combining them.  I now must analyze the spending habits of tons of delegates and combine that info with my various levels of trust and faith in their abilities to perform a simple task of running delegates to write blocks.  It will cause voters (shareholders) to disengage, tune out, and only approve a couple delegates at a time, and ultimately lose faith in the institution.

Offline Stan

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The BitShares position is not to commit to a minimum of more than 10%, which is fine, so I'm just trying to guage where the community is at with regards to what they see being the average PTS & AGS allocation for the three DAC's listed in title that will be allocated in the coming months.   

I'm also interested in your reason for what you think is an optimal distribution and why (brief)

In The Ten Natural Laws of the Crypto Equity Universe, (http://bitshares.org/10-natural-laws-of-the-crypto-asset-universe/) I once opined that maneuvering to leave your competitors no room to one-up your DAC would force developers to choose 50/50 PTS/AGS.  End of Story.

But that was before BitShares ShareDrop Theory (http://bitshares.org/bitshares-airdrop-theory/) identified that what a developer needs to do is target all the demographics that matter to her DAC.  PTS and AGS are merely the best demographics, but they are not the only demographics that make sense.  Targeting users of your predecessors, or competitors makes a lot of sense.  I now view all 200+ altcoins as nothing but demographic constituencies that I might want to consider when launching a DAC.  Which is the best mailing list?

But that was before BitShares Delegate Theory  (http://bitshares.org/intro-to-delegated-proof-of-stake/) advocated putting some of the shares into the hands of elected delegates who would be responsive to the shareholders.  This gives a DAC the invaluable ability to adapt over time to changing conditions while decentralizing the decision making - but only to vetted people who are considered trustworthy and responsible by most owners.

But that was before...  who knows?  This field is developing rapidly and Darwinian Market Forces will determine the ultimate winners. 
« Last Edit: July 06, 2014, 11:53:58 pm by Stan »
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Offline Empirical1

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What "80% allocated via delegates over ten years" means?

I 'think' it means that 80% of equity will slowly be released to the 101 delegates in some model over 10 years. (But as we (Shareholders) elect the delegates that equity will be distributed essentially according to the will of the shareholders.)

So if the company seems like it needs more marketing/development/charity/airdrop funding, shareholders will start voting for delegates who will direct the funds best to those activities. Most of the time though, as long the company is going smoothly, I suspect  they will probably be voting for most of the equity that is released to be given back to shareholders to avoid too much dilution of their stake.

For example: In the first year, assuming 10% of the equity was released to delegates for simplicity.
It would mean AGS & PTS would have 33% each of the total tradeable equity in the first year. (10% AGS + 10% PTS + 10% released to delegates)
But shareholders would elect to give some of the 10% (33% of first year total equity) to themsleves, (shareholders) and the remainder would go on other activities they felt were in the best interest of the DAC.

I kind of think that's the idea.
« Last Edit: July 06, 2014, 11:03:58 pm by Empirical1 »

Offline BldSwtTrs

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What "80% allocated via delegates over ten years" means?

Offline sfinder

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10/10 with 80% allocated via delegates over 10 years.


Bm, i am kind of understand your allocation strategy. You are  such a wisdom and far sight ppl  +5%
« Last Edit: July 06, 2014, 09:55:06 pm by sfinder »
微博:星在飘我在找|BTS X 受托人delegate ID:baidu
中国教育书店合作将20%收入捐献给贫困山区学生。
Cooperating with China Education Bookstore and will donate 20% of delegate income to the poor students

Offline Empirical1

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10/10 with 80% allocated via delegates over 10 years.

Interesting. I had to think about that one. Hadn't even thought of an option like that. It seems like it could be quite brilliant. 

Offline bytemaster

10/10 with 80% allocated via delegates over 10 years.
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Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline Empirical1

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The BitShares position is not to commit to a minimum of more than 10%, which is fine, so I'm just trying to guage where the community is at with regards to what they see being the average PTS & AGS allocation for the three DAC's listed in title that will be allocated in the coming months.   

I'm also interested in your reason for what you think is an optimal distribution and why (brief)