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Better or worse?

Better
69 (90.8%)
Worse
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Offline toast

Alternate Allocation Proposal
« on: August 05, 2014, 02:00:43 AM »

To be clear:  The allocation will never change in a way that takes pre-committed equity away from anyone except delegates. So this is a "one-way" change. MYSTERY sharedrop was not defined so we can take theirs.


New proposal:

20% AGS
20% PTS
5% MYSTERY sharedrop
5% dev preallocation  -  split among 4 or 5 trusted organizations (i3, das, dacsun, bitsuperlab, maybe more)
50% delegates  (about 22.5% in first year, or 45% of remaining pool each year)


Biggest question: Will this be *perceived* as more or less FAIR?
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Offline hero

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Re: Alternate Allocation Proposal
« Reply #1 on: August 05, 2014, 02:09:46 AM »
 +5% +5% +5% +5% +5%

Offline tonyk

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Re: Alternate Allocation Proposal
« Reply #2 on: August 05, 2014, 02:13:17 AM »
where is toast in this picture?
One of the -' split among 4 or 5 trusted organizations '?


Better, but I prefer:

15% AGS
15% PTS
15% MYSTERY sharedrop
35% dev preallocation  -  split among 4 or 5 trusted organizations (i3, das, dacsun, bitsuperlab, maybe more)
20% delegates  (about 22.5% in first year, or 45% of remaining pool each year)
« Last Edit: August 05, 2014, 02:18:38 AM by tonyk »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline helloworld

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Re: Alternate Allocation Proposal
« Reply #3 on: August 05, 2014, 02:14:10 AM »
better! +5%
I approve 22.5% in first year(50% delegates)
BTS:bts-hero

Offline toast

Re: Alternate Allocation Proposal
« Reply #4 on: August 05, 2014, 02:14:37 AM »
where is toast in this picture?
One of the -' split among 4 or 5 trusted organizations '?

"das" is my one-man LLC
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Offline Empirical1

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Re: Alternate Allocation Proposal
« Reply #5 on: August 05, 2014, 02:20:06 AM »
Biggest question: Will this be *perceived* as more or less FAIR?

Good question, personally I think it will be 'perceived' as more fair.

Other thoughts

- I think the main thing is people will be more comfortable with less equity release as it is a new concept.
- I would choose 5% Mystery Sharedrop, I think the market might choose slightly more?
- I don't think the market will have a problem with 5% dev preallocation, I certainly don't   
- I would choose even less via delegates for the first DAC 24/24/6/6 & 40.
 
 +5% to this model though, I like it, I think the market would like it more & I would get behind it.

Will be very interested to hear what others think. 
« Last Edit: August 05, 2014, 02:23:29 AM by Empirical1 »

Offline santaclause102

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Re: Alternate Allocation Proposal
« Reply #6 on: August 05, 2014, 02:28:27 AM »
Quote
(about 22.5% in first year, or 45% of remaining pool each year)
are those two separate options? 25,5 % of the 50% or the 100%
Quote
or 45% of remaining pool each year
means?

If we are comparing it to this...
Quote
1bn to AGS
1bn to PTS
1bn MYSTERY sharedrops onto other crypto. Targets might include BTC, NMC, NXT, ETH (snapshot using presale), PPC. They will likely be scaled so that they all give the same price per DNS and all have the same price *disadvantage* compared to PTS - this is why I feel OK not disclosing the exact allocation yet.. UP TO 100m of the sharedrop *might* be reserved for backpay and bounties but I fear the consequences of perceived unfairness and so I'll probably try to avoid this.

7bn delegate subsidy, about 45% of the pool paid out per year. Remember, this is a theoretical maximum! Realistically you will not have 7bn new tokens printed for the delegates!
...why should it be perceived less fair?
I think dev stake is totally justified. People might be confused though because it seems like there is dev stake twice in there, once as dev preallocation and once as delegates pay which will likely be the same parties as those from the dev preallocation. But in the end it isnt because the dev preallocation is there to pay for the work before release and the delegate share is to pay for work after the release.
Do I understand the dev preallocation right that it is supposed to honor those who contributed to Bitshares DNS the most? Did all those parties contribute? Just trying to understand the logic....
« Last Edit: August 05, 2014, 02:38:06 AM by delulo »

Offline toast

Re: Alternate Allocation Proposal
« Reply #7 on: August 05, 2014, 02:29:49 AM »
Quote
(about 22.5% in first year, or 45% of remaining pool each year)
are those two separate options? 25,5 % of the 50% or the 100%
Quote
or 45% of remaining pool each year
means?

45% of the pool each year, which is 2.25 bn in the first year if max theoretical is 10bn.
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Offline gyhy

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Re: Alternate Allocation Proposal
« Reply #8 on: August 05, 2014, 02:30:55 AM »
very godd  +5%

Offline bytemaster

Re: Alternate Allocation Proposal
« Reply #9 on: August 05, 2014, 02:32:29 AM »
+1


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Offline Snail

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Re: Alternate Allocation Proposal
« Reply #10 on: August 05, 2014, 02:35:05 AM »
 +5%
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Online 天籁

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Re: Alternate Allocation Proposal
« Reply #11 on: August 05, 2014, 02:36:50 AM »
 +5%
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Offline freedom

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Re: Alternate Allocation Proposal
« Reply #12 on: August 05, 2014, 02:37:47 AM »
 +5%

Offline Avant

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Re: Alternate Allocation Proposal
« Reply #13 on: August 05, 2014, 02:38:38 AM »
 +5%
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Offline Overthetop

Re: Alternate Allocation Proposal
« Reply #14 on: August 05, 2014, 02:45:13 AM »
 +5% +5% +5%

Thank you ,toast.

The final result is not the key any more!

I think the effective way of communication  make both BTS and the Community stronger.

 :)

« Last Edit: August 05, 2014, 03:10:19 AM by Overthetop »
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