Author Topic: My friends, gather closely.  (Read 17346 times)

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Offline luckybit

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The reason sharedrops that "simulate mining" work is because all of the early adopters etc are miners.  Most of the die-hard types sitting on forums have at least dabbled in mining and believe it to be "fair".  There is nothing special about mining that sells a distribution except the existing adopters have mentally bought in.

They've put their capital into mining equipment so now they're a middle man selling hashes and taking the profits and paying the electricity providers.  This is not much different from paying for shares directly, people just need to have it explained to them. 

Mining is also labor intensive so it keeps large capital from showing up and just buying in.  This is probably the one biggest thing people need to avoid in the longrun, the perception that the guy with the most money at the start ends with the most money.  Lots will disagree with it, but this is probably the biggest perception at play when people don't like POS.  An "unfair" distribution.  Mining is only marginally more fair because it requires labor to set it up.

The point is to attract interest from miners and bring them into the Bitshares ecosystem. I think this is a good way to do that.

Depending on the hashing algorithm or kind of mining some people might think they'll have more advantages. They'll spend more of their hashing power in the Bitshares ecosystem which is good. There will be plenty of new coins which are ASIC resistant at least for a while and people will mine them (also some coins will be for storage, bandwidth, etc).

Long term you can replace mining with any number of serious games which are based on attention. Viewing advertisements could be proof the person is interested and generate enough revenue if we wanted it set up like that. The point is that the sharedrop or faucet has to be based on proof of interest, the serious game (ritual) doesn't matter too much as long as it's not so trivial that a bot can do it or that it can be gamed.

So think of the serious game as just the game people play to show interest and participation. Some people are expert miners so they know that game but an ASIC miner will not have an advantage over a storage miner. There will be many different kinds of mining and that diversity for a while will keep it fair enough until we reach a point where the industry matures or it gets centralized.

This is worth further discussion because I basically agree with you on the "pay-to-win" problem. Newcomers will not think it's fair unless new serious games are continuously devised.
« Last Edit: August 24, 2014, 08:04:22 pm by luckybit »
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Offline gamey

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The reason sharedrops that "simulate mining" work is because all of the early adopters etc are miners.  Most of the die-hard types sitting on forums have at least dabbled in mining and believe it to be "fair".  There is nothing special about mining that sells a distribution except the existing adopters have mentally bought in.

They've put their capital into mining equipment so now they're a middle man selling hashes and taking the profits and paying the electricity providers.  This is not much different from paying for shares directly, people just need to have it explained to them. 

Mining is also labor intensive so it keeps large capital from showing up and just buying in.  This is probably the one biggest thing people need to avoid in the longrun, the perception that the guy with the most money at the start ends with the most money.  Lots will disagree with it, but this is probably the biggest perception at play when people don't like POS.  An "unfair" distribution.  Mining is only marginally more fair because it requires labor to set it up.
I speak for myself and only myself.

Offline fuzzy

We have already talked about this a good bit.  One solution proposed was one where Invictus uses the BitShares Lotto DAC and the Lotto DAC holds an AGS Style competition for the distribution (denominated in PTS).  All coins can donate and receive recognition in the Genesis Block, but only 50-70% of the total Lotto ticket supply are distributed to donaters. 

See the following example:
  • 20% for top donated coin (Peercoin)

  • 15% for 2nd place

  • 10% for 3rd

  • 7.5% for 4th

  • 5% for 5th…etc

     The Bitshares Lotto stores a % of funds collected (30%?) for development, burns the other donated coins and turns them into "chips" that represent their coin (for instance, PeerChips, NameChips, DarkChips, LiteChips...etc).   To protect from a huge number of sh!t (read P&D) coins being donated, instate a market cap limit (no coins under ______ market cap) to ensure only the trusted (more stable) coins are donated.
     Now build in a feature where users who bet with Lotto Tickets gain access to an added random reward (a faucet) for the rest of the donated coins—that go directly to the user's inbox (which they can Accept, Gift to a friend or charitable institution).  Win or lose your game, you are guaranteed an extra “roll” for a consolation prize in these chips.  Have tables and games for each of these coins, but make Lotto Shares special because, well—none of the other coins give people the extra chance of winning a potential pot of the donated chips-- (Make the payouts relatively infrequent, but large enough to really feel like a jackpot.)
     Now make it Sexy: Change BitShares Lotto to BitShares Diamond Casino and Lotto Tickets to DiamondChips (they are a girl's best friend, after all) because they are the token in the ecosystem whose use awards random chips.  Once the Faucet dries up for each Chip in circulation, they float at the approximate value of the coin that was burned and Diamonds will carry a premium for the wonderful distribution they provide.   

     Make the donation period last a period of 180 Days and give people another chance (and incentive) to learn about how AGS funding and snapshots work before the launch occurs. 

//Genesis Block Message
"Herein lies the Names and Greatest Honors for the founders and builders of Bitshares Diamonds' Casino and Lottery.  A Historic Alliance was forged today by some of the most forward thinking visionaries in Cryptocurrency.  The Contest has closed and the following cryptocoins will make it to "Chip" status:
1st Place:  123,000 PPC for a total of 41,000 PTS   (awarded 20% total BitShares Diamonds supply)
2nd Place:  74,000 NMC for a total of 30703.9627039627 PTS
Etc...

Welcome to the first ever enterprise-level Decentralized Casino and Lottery Platform and know that you were here from the beginning.  "

Now make sure to set the faucet so distribution takes at least a few months so users get in a habit of playing.  Let all the altcoin communities that were honored help advertise BitShares Diamond DAC (especially the number 1 donater, who was awarded as much as PTS/AGS holders).  They will likely soon enough become PTS holders anyway ;)

*Final note(s):
-Announce plans right after BitShares X goes live and buzz is high

-Branding BitShares Diamonds early on and getting the word out is important--branding in this way also plays upon a long-time human adoration for diamonds (though their value largely relies on cartels managing the supply).

-Make a play to both strengthen the value proposition for BitShares X and Bitshares Diamonds early on so the value proposition becomes; announce that a small % of BTSx will be thrown into the pool that will be distributed through BitShares Diamond Games as a special class of reward. * 
 
  fuzz you da man !!!   +5%  godspeed

thanks unimerico!  Luckybit and I have had many conversations that brought us to this kind of solution.  oh, and btw, if that is your picture you sure are a beautiful lady.  j/k j/k...just had to..
WhaleShares==DKP; BitShares is our Community! 
ShareBits and WhaleShares = Love :D

bitbro

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Sharedrops are already proven to be successful when they simulate the sociology and psychology of mining. For example Blackcoin distributes itself through a mining pool. All we would have to do is add the lottery to the mining pool and let people mine for tickets in the lottery.

An alternative is to let people mine by buying the tickets. Isn't that how we got where we are?  Either we mined for protoshares with computation or with dollars. In either case only the people who really wanted the shares got it.

I think when you're targeting a mining community then 5% isn't enough. It should be 50/50 or 60/40 favoring us with 10% for developers. Ideally though you want 50/50 if you can and never favor the less interested community over the more interested community.

Mining communities want the perfect mining pool or a serious game which simulates the ideal mining effect. I think we are at the stage now where we need more psychologists and sociologists and less technicians. Technicians don't do marketing and Bitcoin obviously had the sociology and psychology right in the beginning.

We need to recreate the same psychological and sociological impacts. If we cannot do this then we cannot expect to grow like Bitcoin.

Great point +5%


Sent from my iPhone using Tapatalk
We have already talked about this a good bit.  One solution proposed was one where Invictus uses the BitShares Lotto DAC and the Lotto DAC holds an AGS Style competition for the distribution (denominated in PTS).  All coins can donate and receive recognition in the Genesis Block, but only 50-70% of the total Lotto ticket supply are distributed to donaters. 

See the following example:
  • 20% for top donated coin (Peercoin)

  • 15% for 2nd place

  • 10% for 3rd

  • 7.5% for 4th

  • 5% for 5th…etc

     The Bitshares Lotto stores a % of funds collected (30%?) for development, burns the other donated coins and turns them into "chips" that represent their coin (for instance, PeerChips, NameChips, DarkChips, LiteChips...etc).   To protect from a huge number of sh!t (read P&D) coins being donated, instate a market cap limit (no coins under ______ market cap) to ensure only the trusted (more stable) coins are donated.
     Now build in a feature where users who bet with Lotto Tickets gain access to an added random reward (a faucet) for the rest of the donated coins—that go directly to the user's inbox (which they can Accept, Gift to a friend or charitable institution).  Win or lose your game, you are guaranteed an extra “roll” for a consolation prize in these chips.  Have tables and games for each of these coins, but make Lotto Shares special because, well—none of the other coins give people the extra chance of winning a potential pot of the donated chips-- (Make the payouts relatively infrequent, but large enough to really feel like a jackpot.)
     Now make it Sexy: Change BitShares Lotto to BitShares Diamond Casino and Lotto Tickets to DiamondChips (they are a girl's best friend, after all) because they are the token in the ecosystem whose use awards random chips.  Once the Faucet dries up for each Chip in circulation, they float at the approximate value of the coin that was burned and Diamonds will carry a premium for the wonderful distribution they provide.   

     Make the donation period last a period of 180 Days and give people another chance (and incentive) to learn about how AGS funding and snapshots work before the launch occurs. 

//Genesis Block Message
"Herein lies the Names and Greatest Honors for the founders and builders of Bitshares Diamonds' Casino and Lottery.  A Historic Alliance was forged today by some of the most forward thinking visionaries in Cryptocurrency.  The Contest has closed and the following cryptocoins will make it to "Chip" status:
1st Place:  123,000 PPC for a total of 41,000 PTS   (awarded 20% total BitShares Diamonds supply)
2nd Place:  74,000 NMC for a total of 30703.9627039627 PTS
Etc...

Welcome to the first ever enterprise-level Decentralized Casino and Lottery Platform and know that you were here from the beginning.  "

Now make sure to set the faucet so distribution takes at least a few months so users get in a habit of playing.  Let all the altcoin communities that were honored help advertise BitShares Diamond DAC (especially the number 1 donater, who was awarded as much as PTS/AGS holders).  They will likely soon enough become PTS holders anyway ;)

*Final note(s):
-Announce plans right after BitShares X goes live and buzz is high

-Branding BitShares Diamonds early on and getting the word out is important--branding in this way also plays upon a long-time human adoration for diamonds (though their value largely relies on cartels managing the supply).

-Make a play to both strengthen the value proposition for BitShares X and Bitshares Diamonds early on so the value proposition becomes; announce that a small % of BTSx will be thrown into the pool that will be distributed through BitShares Diamond Games as a special class of reward. * 
 

well put, bitbro   +5%

You're too kind, +5%


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Offline unimercio

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Sharedrops are already proven to be successful when they simulate the sociology and psychology of mining. For example Blackcoin distributes itself through a mining pool. All we would have to do is add the lottery to the mining pool and let people mine for tickets in the lottery.

An alternative is to let people mine by buying the tickets. Isn't that how we got where we are?  Either we mined for protoshares with computation or with dollars. In either case only the people who really wanted the shares got it.

I think when you're targeting a mining community then 5% isn't enough. It should be 50/50 or 60/40 favoring us with 10% for developers. Ideally though you want 50/50 if you can and never favor the less interested community over the more interested community.

Mining communities want the perfect mining pool or a serious game which simulates the ideal mining effect. I think we are at the stage now where we need more psychologists and sociologists and less technicians. Technicians don't do marketing and Bitcoin obviously had the sociology and psychology right in the beginning.

We need to recreate the same psychological and sociological impacts. If we cannot do this then we cannot expect to grow like Bitcoin.

Great point +5%


Sent from my iPhone using Tapatalk
We have already talked about this a good bit.  One solution proposed was one where Invictus uses the BitShares Lotto DAC and the Lotto DAC holds an AGS Style competition for the distribution (denominated in PTS).  All coins can donate and receive recognition in the Genesis Block, but only 50-70% of the total Lotto ticket supply are distributed to donaters. 

See the following example:
  • 20% for top donated coin (Peercoin)

  • 15% for 2nd place

  • 10% for 3rd

  • 7.5% for 4th

  • 5% for 5th…etc

     The Bitshares Lotto stores a % of funds collected (30%?) for development, burns the other donated coins and turns them into "chips" that represent their coin (for instance, PeerChips, NameChips, DarkChips, LiteChips...etc).   To protect from a huge number of sh!t (read P&D) coins being donated, instate a market cap limit (no coins under ______ market cap) to ensure only the trusted (more stable) coins are donated.
     Now build in a feature where users who bet with Lotto Tickets gain access to an added random reward (a faucet) for the rest of the donated coins—that go directly to the user's inbox (which they can Accept, Gift to a friend or charitable institution).  Win or lose your game, you are guaranteed an extra “roll” for a consolation prize in these chips.  Have tables and games for each of these coins, but make Lotto Shares special because, well—none of the other coins give people the extra chance of winning a potential pot of the donated chips-- (Make the payouts relatively infrequent, but large enough to really feel like a jackpot.)
     Now make it Sexy: Change BitShares Lotto to BitShares Diamond Casino and Lotto Tickets to DiamondChips (they are a girl's best friend, after all) because they are the token in the ecosystem whose use awards random chips.  Once the Faucet dries up for each Chip in circulation, they float at the approximate value of the coin that was burned and Diamonds will carry a premium for the wonderful distribution they provide.   

     Make the donation period last a period of 180 Days and give people another chance (and incentive) to learn about how AGS funding and snapshots work before the launch occurs. 

//Genesis Block Message
"Herein lies the Names and Greatest Honors for the founders and builders of Bitshares Diamonds' Casino and Lottery.  A Historic Alliance was forged today by some of the most forward thinking visionaries in Cryptocurrency.  The Contest has closed and the following cryptocoins will make it to "Chip" status:
1st Place:  123,000 PPC for a total of 41,000 PTS   (awarded 20% total BitShares Diamonds supply)
2nd Place:  74,000 NMC for a total of 30703.9627039627 PTS
Etc...

Welcome to the first ever enterprise-level Decentralized Casino and Lottery Platform and know that you were here from the beginning.  "

Now make sure to set the faucet so distribution takes at least a few months so users get in a habit of playing.  Let all the altcoin communities that were honored help advertise BitShares Diamond DAC (especially the number 1 donater, who was awarded as much as PTS/AGS holders).  They will likely soon enough become PTS holders anyway ;)

*Final note(s):
-Announce plans right after BitShares X goes live and buzz is high

-Branding BitShares Diamonds early on and getting the word out is important--branding in this way also plays upon a long-time human adoration for diamonds (though their value largely relies on cartels managing the supply).

-Make a play to both strengthen the value proposition for BitShares X and Bitshares Diamonds early on so the value proposition becomes; announce that a small % of BTSx will be thrown into the pool that will be distributed through BitShares Diamond Games as a special class of reward. * 
 

well put, bitbro   +5%
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Offline unimercio

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We have already talked about this a good bit.  One solution proposed was one where Invictus uses the BitShares Lotto DAC and the Lotto DAC holds an AGS Style competition for the distribution (denominated in PTS).  All coins can donate and receive recognition in the Genesis Block, but only 50-70% of the total Lotto ticket supply are distributed to donaters. 

See the following example:
  • 20% for top donated coin (Peercoin)

  • 15% for 2nd place

  • 10% for 3rd

  • 7.5% for 4th

  • 5% for 5th…etc

     The Bitshares Lotto stores a % of funds collected (30%?) for development, burns the other donated coins and turns them into "chips" that represent their coin (for instance, PeerChips, NameChips, DarkChips, LiteChips...etc).   To protect from a huge number of sh!t (read P&D) coins being donated, instate a market cap limit (no coins under ______ market cap) to ensure only the trusted (more stable) coins are donated.
     Now build in a feature where users who bet with Lotto Tickets gain access to an added random reward (a faucet) for the rest of the donated coins—that go directly to the user's inbox (which they can Accept, Gift to a friend or charitable institution).  Win or lose your game, you are guaranteed an extra “roll” for a consolation prize in these chips.  Have tables and games for each of these coins, but make Lotto Shares special because, well—none of the other coins give people the extra chance of winning a potential pot of the donated chips-- (Make the payouts relatively infrequent, but large enough to really feel like a jackpot.)
     Now make it Sexy: Change BitShares Lotto to BitShares Diamond Casino and Lotto Tickets to DiamondChips (they are a girl's best friend, after all) because they are the token in the ecosystem whose use awards random chips.  Once the Faucet dries up for each Chip in circulation, they float at the approximate value of the coin that was burned and Diamonds will carry a premium for the wonderful distribution they provide.   

     Make the donation period last a period of 180 Days and give people another chance (and incentive) to learn about how AGS funding and snapshots work before the launch occurs. 

//Genesis Block Message
"Herein lies the Names and Greatest Honors for the founders and builders of Bitshares Diamonds' Casino and Lottery.  A Historic Alliance was forged today by some of the most forward thinking visionaries in Cryptocurrency.  The Contest has closed and the following cryptocoins will make it to "Chip" status:
1st Place:  123,000 PPC for a total of 41,000 PTS   (awarded 20% total BitShares Diamonds supply)
2nd Place:  74,000 NMC for a total of 30703.9627039627 PTS
Etc...

Welcome to the first ever enterprise-level Decentralized Casino and Lottery Platform and know that you were here from the beginning.  "

Now make sure to set the faucet so distribution takes at least a few months so users get in a habit of playing.  Let all the altcoin communities that were honored help advertise BitShares Diamond DAC (especially the number 1 donater, who was awarded as much as PTS/AGS holders).  They will likely soon enough become PTS holders anyway ;)

*Final note(s):
-Announce plans right after BitShares X goes live and buzz is high

-Branding BitShares Diamonds early on and getting the word out is important--branding in this way also plays upon a long-time human adoration for diamonds (though their value largely relies on cartels managing the supply).

-Make a play to both strengthen the value proposition for BitShares X and Bitshares Diamonds early on so the value proposition becomes; announce that a small % of BTSx will be thrown into the pool that will be distributed through BitShares Diamond Games as a special class of reward. * 
 
  fuzz you da man !!!   +5%  godspeed
Conscious Entrepreneurship Foundation (CEF)

Offline racingdude

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NHZ, a NXT clone made by one of the long-time bitshares forum members, is actually doing precisely this (as well as providing gateways for other DACs).  Just so you know ;)

That's cool, but I don't do NXT clones :)
It would be the same as going thru Bitcoin for me, one extra step.
I don't think there are so many NHZ users who would buy BitShares on NHZ, but there are enough NXT users who love to exchange some of their NXTs for BitShares, the market is there, someone just needs to tap into it.

Offline fuzzy

Strike where there is weakness and partner where there is strength. You can ask them to adopt a new coin or you can tell them you have a gift for everyone in the Nxt community- it's about how you say things. That said, what I've found from the Nxt community is that it is serving as a sink for most of the experienced java developers in the Cryptocurrency space. I honestly don't think they will recover from the botched initial distribution, but it's not stopping the devs from having fun building a more mature codebase. A pity they can't be redirected to more useful projects.

May I suggest my humble opinion and say that some NXTers would appreciate if there was a direct way to but BitShares on NXT Asset exchange. Likewise, if NXTs could be purchased on BitShares decentralized exchange, that would also be brilliant.

Communities would intermingle and then free competition would decide the fate of both. Without those direct gateways to exchange NXT and BitShares, users of both systems have to go through Bitcoin, which doesn't help neither NXT nor BitShares, and makes Bitcoin more useful.

NXT and BitShares must establish their own exchange rate. This will happen sooner or later anyway, but I guess it would be nice if someone reputable made that happen. I would love to buy some BitShares directly for NXT without having to exchange to Bitcoins first, it's an additional inconvenient step.


NHZ, a NXT clone made by one of the long-time bitshares forum members, is actually doing precisely this (as well as providing gateways for other DACs).  Just so you know ;)
WhaleShares==DKP; BitShares is our Community! 
ShareBits and WhaleShares = Love :D

Offline racingdude

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Strike where there is weakness and partner where there is strength. You can ask them to adopt a new coin or you can tell them you have a gift for everyone in the Nxt community- it's about how you say things. That said, what I've found from the Nxt community is that it is serving as a sink for most of the experienced java developers in the Cryptocurrency space. I honestly don't think they will recover from the botched initial distribution, but it's not stopping the devs from having fun building a more mature codebase. A pity they can't be redirected to more useful projects.

May I suggest my humble opinion and say that some NXTers would appreciate if there was a direct way to but BitShares on NXT Asset exchange. Likewise, if NXTs could be purchased on BitShares decentralized exchange, that would also be brilliant.

Communities would intermingle and then free competition would decide the fate of both. Without those direct gateways to exchange NXT and BitShares, users of both systems have to go through Bitcoin, which doesn't help neither NXT nor BitShares, and makes Bitcoin more useful.

NXT and BitShares must establish their own exchange rate. This will happen sooner or later anyway, but I guess it would be nice if someone reputable made that happen. I would love to buy some BitShares directly for NXT without having to exchange to Bitcoins first, it's an additional inconvenient step.

bitbro

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Sharedrops are already proven to be successful when they simulate the sociology and psychology of mining. For example Blackcoin distributes itself through a mining pool. All we would have to do is add the lottery to the mining pool and let people mine for tickets in the lottery.

An alternative is to let people mine by buying the tickets. Isn't that how we got where we are?  Either we mined for protoshares with computation or with dollars. In either case only the people who really wanted the shares got it.

I think when you're targeting a mining community then 5% isn't enough. It should be 50/50 or 60/40 favoring us with 10% for developers. Ideally though you want 50/50 if you can and never favor the less interested community over the more interested community.

Mining communities want the perfect mining pool or a serious game which simulates the ideal mining effect. I think we are at the stage now where we need more psychologists and sociologists and less technicians. Technicians don't do marketing and Bitcoin obviously had the sociology and psychology right in the beginning.

We need to recreate the same psychological and sociological impacts. If we cannot do this then we cannot expect to grow like Bitcoin.

Great point +5%


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Offline fuzzy

Sharedrops are already proven to be successful when they simulate the sociology and psychology of mining. For example Blackcoin distributes itself through a mining pool. All we would have to do is add the lottery to the mining pool and let people mine for tickets in the lottery.

An alternative is to let people mine by buying the tickets. Isn't that how we got where we are?  Either we mined for protoshares with computation or with dollars. In either case only the people who really wanted the shares got it.

I think when you're targeting a mining community then 5% isn't enough. It should be 50/50 or 60/40 favoring us with 10% for developers. Ideally though you want 50/50 if you can and never favor the less interested community over the more interested community.

Mining communities want the perfect mining pool or a serious game which simulates the ideal mining effect. I think we are at the stage now where we need more psychologists and sociologists and less technicians. Technicians don't do marketing and Bitcoin obviously had the sociology and psychology right in the beginning.

We need to recreate the same psychological and sociological impacts. If we cannot do this then we cannot expect to grow like Bitcoin.

So funny...bitcoin did it through sharing...
WhaleShares==DKP; BitShares is our Community! 
ShareBits and WhaleShares = Love :D

Tuck Fheman

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Offline luckybit

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Sharedrops are already proven to be successful when they simulate the sociology and psychology of mining. For example Blackcoin distributes itself through a mining pool. All we would have to do is add the lottery to the mining pool and let people mine for tickets in the lottery.

An alternative is to let people mine by buying the tickets. Isn't that how we got where we are?  Either we mined for protoshares with computation or with dollars. In either case only the people who really wanted the shares got it.

I think when you're targeting a mining community then 5% isn't enough. It should be 50/50 or 60/40 favoring us with 10% for developers. Ideally though you want 50/50 if you can and never favor the less interested community over the more interested community.

Mining communities want the perfect mining pool or a serious game which simulates the ideal mining effect. I think we are at the stage now where we need more psychologists and sociologists and less technicians. Technicians don't do marketing and Bitcoin obviously had the sociology and psychology right in the beginning.

We need to recreate the same psychological and sociological impacts. If we cannot do this then we cannot expect to grow like Bitcoin.
« Last Edit: July 21, 2014, 12:23:05 am by luckybit »
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Offline fuzzy

Auroracoin example of big Sharedrop vs. alternative - 

If someone said to me - 'Iceland is ripe for bootstrapping a crypto-currency, they've recently experienced huge economic upheaval and still have capital controls in place.  They also only have a small fairly wealthy population of only 320 000 that would be easy to effectively target.' - I would agree.

But when they said we're making 'AuroraCoin' and giving 50% away in Sharedrops - I just laughed. Some (On this forum) also got excited about the guys bootstrapping Silicon Valley with a 50% Sharedrop coin,  but again I find the idea crazy. (Then people say oh if only they'd done the Sharedrop this way or that way, or supported them like this, it would have been better, but I'm still mostly sceptical.)   

If however someone said - we're making 'ICE-Coin'

Instead of a benefactor getting half the developers equity and trying to make a price floor as you're suggesting, I would have - 'We have a benefactor who's given us $250 000 for 5% equity.'
$50 000 is being used to purchase 10 'ICE-Coin' branded ATM's & rent space in 10 of the most popular locations around Iceland for a year.
$50 000 is being spent renting two billboards, one on the main road from the airport and one in the main high street advertising Ice-Coin for 12 months.
$100 000 is being targeted at incentivising smaller retailers, hotels and travel agents to trial 'ICE-Coin' payments and advertise at their store fronts for a year. So far we have Z, B & Y on board...
$50 000 is being spent on creating two Icelandic videos, one a 30 second advert which will be played on radio & TV for three months.
We're  giving 10% of the equity to Hagar, one of Iceland's biggest retailers in exchange for agreeing to trial ICE-Coin as a payment option for the next 12 months. 
2.5% is being made available via a faucet  and we're going to give 1.5% equity a year to charitable & popular Iceland based causes based on shareholder votes. 

40% of equity is being divided between AGS & PTS as we are using their DPOS Blockchains and Toolkit & they provide a strong distributed base of shareholder support and ensure that our benefactor and retailers who are given equity don't have a stake that is big enough to manipulate or control the currency. We are announcing a snapshot to take place in one month from PTS allowing other interested parties to get on board and sell their PTS afterwards if they wish. The remaining 40% of the equity is being released via delegates over 5 years to be directed at activities shareholders feel is best suited to developing ICE-Coin.

Now you actually have some sort of a currency that might be able to bootstrap itself in Iceland that I would consider buying.

Even better news if Ice Coin launched at the same time as AuroraCoin -
'Hey guys some people think you can bootstrap a currency by giving away 50% of the equity! Obviously this will result a fairly worthless crypto but hopefully it will make some people aware of crypto-currency so the advertising will certainly be useful to us! In fact we're offering a service encouraging people to claim & quickly sell their free Auroracoins while they still have value and exchange those free Kr. into ICE-Coin - A currency which actually has a strong stable shareholder supported value, is useful within Iceland and has an effective business plan to grow and benefit Iceland.'

I know most people here who favour sharedrops agree most of the previous attempts have gone about it the wrong way, but I'm just tying to communicate the idea that shareholder equity can be spent in ways other than sharedrops (though I'm not against reasonable faucets & charity of up to 5% total equity.) & the amount that would be wasted on 'free marketing' can be put to better use. And personally I would be more fearful of forks that use shareholder equity to implement a credible business plan vs. giving most of it away when AGS & PTS already gives you a strong supportive base and can bring in 100's/1000's of new people via a PTS Snapshot announcement.

The key is creating incentives for other cryptos to compete for sharedrops within the bitshares ecosystem (and making it historical "big deal")...and doing it in a sustained manner over time that will bring about a sustained change in habits beneficial to bitshares as a whole.  This way those who win feel like they are part of something meaningful that they deserve to be part of and feel a deeper respect for the "sharedrops" they receive.
« Last Edit: July 21, 2014, 12:37:30 am by fuznuts »
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Offline D4vegee

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Auroracoin example of big Sharedrop vs. alternative - 

If someone said to me - 'Iceland is ripe for bootstrapping a crypto-currency, they've recently experienced huge economic upheaval and still have capital controls in place.  They also only have a small fairly wealthy population of only 320 000 that would be easy to effectively target.' - I would agree.

But when they said we're making 'AuroraCoin' and giving 50% away in Sharedrops - I just laughed. Some (On this forum) also got excited about the guys bootstrapping Silicon Valley with a 50% Sharedrop coin,  but again I find the idea crazy. (Then people say oh if only they'd done the Sharedrop this way or that way, or supported them like this, it would have been better, but I'm still mostly sceptical.)   

If however someone said - we're making 'ICE-Coin'

Instead of a benefactor getting half the developers equity and trying to make a price floor as you're suggesting, I would have - 'We have a benefactor who's given us $250 000 for 5% equity.'
$50 000 is being used to purchase 10 'ICE-Coin' branded ATM's & rent space in 10 of the most popular locations around Iceland for a year.
$50 000 is being spent renting two billboards, one on the main road from the airport and one in the main high street advertising Ice-Coin for 12 months.
$100 000 is being targeted at incentivising smaller retailers, hotels and travel agents to trial 'ICE-Coin' payments and advertise at their store fronts for a year. So far we have Z, B & Y on board...
$50 000 is being spent on creating two Icelandic videos, one a 30 second advert which will be played on radio & TV for three months.
We're  giving 10% of the equity to Hagar, one of Iceland's biggest retailers in exchange for agreeing to trial ICE-Coin as a payment option for the next 12 months. 
2.5% is being made available via a faucet  and we're going to give 1.5% equity a year to charitable & popular Iceland based causes based on shareholder votes. 

40% of equity is being divided between AGS & PTS as we are using their DPOS Blockchains and Toolkit & they provide a strong distributed base of shareholder support and ensure that our benefactor and retailers who are given equity don't have a stake that is big enough to manipulate or control the currency. We are announcing a snapshot to take place in one month from PTS allowing other interested parties to get on board and sell their PTS afterwards if they wish. The remaining 40% of the equity is being released via delegates over 5 years to be directed at activities shareholders feel is best suited to developing ICE-Coin.

Now you actually have some sort of a currency that might be able to bootstrap itself in Iceland that I would consider buying.

Even better news if Ice Coin launched at the same time as AuroraCoin -
'Hey guys some people think you can bootstrap a currency by giving away 50% of the equity! Obviously this will result a fairly worthless crypto but hopefully it will make some people aware of crypto-currency so the advertising will certainly be useful to us! In fact we're offering a service encouraging people to claim & quickly sell their free Auroracoins while they still have value and exchange those free Kr. into ICE-Coin - A currency which actually has a strong stable shareholder supported value, is useful within Iceland and has an effective business plan to grow and benefit Iceland.'

I know most people here who favour sharedrops agree most of the previous attempts have gone about it the wrong way, but I'm just tying to communicate the idea that shareholder equity can be spent in ways other than sharedrops (though I'm not against reasonable faucets & charity of up to 5% total equity.) & the amount that would be wasted on 'free marketing' can be put to better use. And personally I would be more fearful of forks that use shareholder equity to implement a credible business plan vs. giving most of it away when AGS & PTS already gives you a strong supportive base and can bring in 100's/1000's of new people via a PTS Snapshot announcement.

 +5%