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Offline johncitizen

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Blockchain dividend payments
« on: July 19, 2014, 10:12:24 AM »

There is a crypto stock, coin or token that represents a stake in a DAC or a company that is a profitable.

Rather than rely on a centralised service such as (crypto stocks) to distribute profits, I want a system where all addresses across the chain can be sent to in one motion. It could operate under a minimum stake system to prevent transaction fee bloat.

Is this something that can be incorporated into bitshares or a separate DAC?

The scenario to ponder,

A traditional business wants to launch on a modern platform.

They want to offer an ICO (initial crypto offering)
Provide full business accounting/ transparency
Submit to external community audits
Pay dividends
Offer coin holders voting rights

Is it possible to do this in partnership with invictus?

There may be some regulatory hoops to jump through but the opportunities are endless.

How do we make this a reality?






Offline luckybit

Re: Blockchain dividend payments
« Reply #1 on: July 19, 2014, 10:55:26 AM »
There is a crypto stock, coin or token that represents a stake in a DAC or a company that is a profitable.

Rather than rely on a centralised service such as (crypto stocks) to distribute profits, I want a system where all addresses across the chain can be sent to in one motion. It could operate under a minimum stake system to prevent transaction fee bloat.

Is this something that can be incorporated into bitshares or a separate DAC?

The scenario to ponder,

A traditional business wants to launch on a modern platform.

They want to offer an ICO (initial crypto offering)
Provide full business accounting/ transparency
Submit to external community audits
Pay dividends
Offer coin holders voting rights

Is it possible to do this in partnership with invictus?

There may be some regulatory hoops to jump through but the opportunities are endless.

How do we make this a reality?

https://bitcointalk.org/index.php?topic=625466.0

Now if it's a traditional business it's another matter because then you've got to deal with the legal issues. Stick to just software and digital property.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline bytemaster

Re: Blockchain dividend payments
« Reply #2 on: July 19, 2014, 02:21:25 PM »
We are already in talks with a company that has several hundred million market cap to solve these very problems.

The cheapest way to do "dividends" is simply a stock buy back and that can be done on our chain.   Voting is in the works. 
For the latest updates checkout my blog: http://bytemaster.bitshares.org
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.

bitbro

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Re: Blockchain dividend payments
« Reply #3 on: July 19, 2014, 02:25:01 PM »

We are already in talks with a company that has several hundred million market cap to solve these very problems.

The cheapest way to do "dividends" is simply a stock buy back and that can be done on our chain.   Voting is in the works.

+20%



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Offline xeroc

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Re: Blockchain dividend payments
« Reply #4 on: July 19, 2014, 03:03:26 PM »
Holy moly .. exciting times ahead
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Offline metalallen

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Re: Blockchain dividend payments
« Reply #5 on: July 19, 2014, 03:28:09 PM »
We are already in talks with a company that has several hundred million market cap to solve these very problems.

The cheapest way to do "dividends" is simply a stock buy back and that can be done on our chain.   Voting is in the works.

Good to know, how the PTS/AGS holders get benefit from this? I would like to hear some details please. +5%
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Offline luckybit

Re: Blockchain dividend payments
« Reply #6 on: July 19, 2014, 03:56:20 PM »
We are already in talks with a company that has several hundred million market cap to solve these very problems.

The cheapest way to do "dividends" is simply a stock buy back and that can be done on our chain.   Voting is in the works.

Great idea!  +5%
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Offline fuzzy

Re: Blockchain dividend payments
« Reply #7 on: July 19, 2014, 08:06:49 PM »
Oh just hold onto these suspenseful days...
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