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Offline toast

Good idea to reallocate part of dev fund for NMC and BTC?
« on: September 19, 2014, 02:45:40 PM »

I keep going back and forth on this one. What do you think about 1% of the initial supply to each?

The biggest argument against it has been that they would simply claim and dump... but what if it's only 1%?

So dev allocation would go from 20% to 18%.
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Offline tonyk

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Re: Good idea to reallocate part of dev fund for NMC and BTC?
« Reply #1 on: September 19, 2014, 02:52:03 PM »
I have always been for a drop on NMC. Even bigger percent than 1%.

Now, making the PTS and AGS taking a cut is what I would suggest (maybe 1 % from the dev and 2% from both PTS and AGS; for a total of 5%), but I do not know if it will be warmly welcomed by others...
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline pc

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Re: Good idea to reallocate part of dev fund for NMC and BTC?
« Reply #2 on: September 19, 2014, 03:43:37 PM »
I think it's a good idea, too. (Disclaimer: I'm holding less than 10 NMC).

The NMC community knows better than anyone else what the DNS DAC is about and what potential it has - IMO they are less likely to dump than the average PTS/AGS holder.
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Offline cgafeng

Re: Good idea to reallocate part of dev fund for NMC and BTC?
« Reply #3 on: September 19, 2014, 03:52:30 PM »
It's hard to say good or bad, may be good chance to try.
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Offline yellowecho

Re: Good idea to reallocate part of dev fund for NMC and BTC?
« Reply #4 on: September 19, 2014, 03:53:59 PM »
I think there's more to gain than to lose... especially at only 1%
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Offline CLains

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Re: Good idea to reallocate part of dev fund for NMC and BTC?
« Reply #5 on: September 19, 2014, 04:17:20 PM »
1% of your DNS is 60k USD at 6 million market cap. Ask some of the marketers on this forum what they could do with 60k USD. Now consider whether the promise of money spent that way won't increase the value of your DAC more than dropping this or that way.

Offline woolcii

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Re: Good idea to reallocate part of dev fund for NMC and BTC?
« Reply #6 on: September 19, 2014, 05:07:27 PM »
Good idea.

Offline santaclause102

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Re: Good idea to reallocate part of dev fund for NMC and BTC?
« Reply #7 on: September 19, 2014, 05:20:14 PM »
I think that this overall is not very effective: Say you give BTC and Namecoin everything, they still might just dump it. If you give them a tiny but it doesnt matter much.

I would allocate 1% to BTC holders and 1% to Namecoin holders. But so that every btc and namecoin holders / address gets the same amount of DNSshares. This reaches also has the advantage that you reach the frequent / long term users more which probably have more addresses. The desired goal here would be to get them to download the BTS-DNS software and see how it works. Plain buying their approval by allocating stake won't work (ideological / emotional barriers are too high).

Offline santaclause102

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Re: Good idea to reallocate part of dev fund for NMC and BTC?
« Reply #8 on: September 19, 2014, 05:24:14 PM »
1% of your DNS is 60k USD at 6 million market cap. Ask some of the marketers on this forum what they could do with 60k USD. Now consider whether the promise of money spent that way won't increase the value of your DAC more than dropping this or that way.

that on the other side is reasonable too. The question is can a marketer reach more with 30k usd than when 1/5 of all namecoin holders and 1/100 of all bitcoicoin holders download the btsDNS sofware?

I'd say the value in the example above would be something closer to 30k hence the illiquidity of the market.
1/4 and 1/100 was an estimate.

Offline CLains

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Re: Good idea to reallocate part of dev fund for NMC and BTC?
« Reply #9 on: September 19, 2014, 07:40:58 PM »
Would anyone bother to claim a 1% stake?

If you award it all equally, then it's not really "dropping" at all, just giving a free sample to NMC and BTC holders. And people aren't just going to claim samples out of nowhere, the process of implementing it, educating people, and marketing it requires a lot of resources in any case. I would think there are better ways to hand out free samples, but I am not an expert, so I defer to marketeers who have studied this.

Didn't someone mention a referral program? How much would that cost?

I would definitely try to think of an idea to avoid the vitriol of NMC community when DNS comes crawlin' up their spine, but we could just as easily invite the whole dev. team to Virginia all expenses covered. The news alone would return the cost. As well as do a special competitions, bounties, and handouts in the NMC community.

I have no idea, just some thoughts.

Online Shentist

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Re: Good idea to reallocate part of dev fund for NMC and BTC?
« Reply #10 on: September 19, 2014, 07:43:10 PM »
i am not a fan of airdrops!

1% of hopfully 5 million is to small to attract any attention.

what will this achieve? not much in my opinion.

would be much better if you could "airdrop" the already used .bit names for the url owners. this will costs nothing and will help to convered the active .bit users. the namecoin holders will only dump DNS because the piece is to small to think about it.

if you really want to airdrop maybe do it like lottoshares with timelocks and then you should reallocate some of the "mined" DNS for the delegates to namecoin holders. so the interest will be much greater.

Offline santaclause102

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Re: Good idea to reallocate part of dev fund for NMC and BTC?
« Reply #11 on: September 19, 2014, 07:44:18 PM »
It would make sense to me to work out a comprehensive marketing strategy before launch / allocation and see whether a BTC / NMC sharedrop makes sense within the big picture of this strategy.

Offline CLains

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Re: Good idea to reallocate part of dev fund for NMC and BTC?
« Reply #12 on: September 19, 2014, 07:45:42 PM »
It would make sense to me to work out a comprehensive marketing strategy before launch / allocation and see whether a BTC / NMC sharedrop makes sense within the big picture of this strategy.

That's a good point. There is a lot of insider stuff going on now AFAIK, which I am excited about, but which makes giving advice or helping out really hard when I think about it.

Offline mdw

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Re: Good idea to reallocate part of dev fund for NMC and BTC?
« Reply #13 on: September 19, 2014, 08:02:39 PM »
I think it's a good idea, too. (Disclaimer: I'm holding less than 10 NMC).

The NMC community knows better than anyone else what the DNS DAC is about and what potential it has - IMO they are less likely to dump than the average PTS/AGS holder.

I agree 100%. I also own less than 10 NMC. But it sounds like the marketing folks feel like they need more money too, so it's easy to see how this decision would be difficult.
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Offline gamey

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Re: Good idea to reallocate part of dev fund for NMC and BTC?
« Reply #14 on: September 21, 2014, 02:37:13 AM »

Do not sharedrop.  Just donate to development.  Win the hearts of the leaders.

I do not see a NameCoin development entity.  They do have a developer's mailing list where you could ask to help them fund development.  Just be honest/straightforward, explain how you want to build bridges not moats.  Tell them you are willing to give them 1/12th of 1 % per month of the DNS DAC if they can provide someone you can trust in that the funds will be spent well on development.  It is a bit of a hassle, but IMO better off. 

Although sharedropping to NMC might mean a lot of shares will never be claimed.  In general I would say that sharedropping 1% isn't worth it, save the effort.  Give a hundred people something to complain about.  Especially with this money/rental system.
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