Counterparty's Marketing Strategy - "Gems"

[edilliam]

Luckybit you will probably be interested in the Synereo project: http://www.de-centralize.com/decentralize-media-story-39657

It's a proposed decentralized Facebook rival. Everyone owns the network. Advertisers have to pay for your attention. As you become more influential in a social sphere your posts will have a wider range and if you don't have much influence you can pay extra to ensure certain important posts reach further. It seems like a really interesting idea.

I agree, the BitShares DAC Sphere definitely needs it's own social media DACs.

[luckybit]

http://getgems.org/

boy oh boy doesn't this sound like a very closely related project to how beyondbitcoin was meant to eventually work...

It possibly is. I discussed something similar to it on the SAFE Network forums and in other places. I labeled it the bee pollination algorithm but the gist of it seems to be the same. The users own the social network and get paid to use it. https://www.maidsafe.org/t/ideas-to-keep-maidsafe-net-safecoin-as-open-as-possible/538/3?u=luckybit
https://www.maidsafe.org/t/decentralized-payment-culture/450/29

I will say my ideas were influenced by someone who posted here on the forum touting MyMindShare. https://bitsharestalk.org/index.php?topic=4977.0 I don't know what happened to the guy but he was basically making the case that we own our attention and should be the ones to profit from selling it. That spurred all sorts of debates and I wouldn't be surprised if one of those debates led to some of the ideas in Gems but  there is no way to know for sure. It's possible they came up with the same ideas on their own or prior to me.

It's good though. If they do use ideas they found floating around to make a better DAC then we get a better DAC. It creates a better richer ecosystem for everyone including for Beyond Bitcoin which would also tap into the good ideas while also measuring the success of Gems. If Gems looks like it is going to work then definitely implement a successful business model.

counter party has Gems, nxt has nxtty, what about us?  :D It would help spread the word about BitShares without a doubt! We could even do the referal program within our own social network!

revenue could come from:

- ads? (although that would be just like Gem)
- creator content. user could subscribe and pay to have access to someone's content like small articles, entertainment pages, etc. Tbh I think an user would pay for high quality content
- unlocking speacial features? certain emoticons, app skins/themes, games, etc
- dividends from burnt fees everytime a transaction is made (trading our social network crypto coin with friends or spending it on special features)

Just seen this: https://github.com/BitShares/bitshares_toolkit/wiki/BitShares-Mail

Thread here: https://bitsharestalk.org/index.php?topic=10306.0

Why not think bigger? Form a cooperative and take on Facebook? Pay dividends back to the members of the cooperative and pay the users of the social network in tokens.

[edilliam]

counter party has Gems, nxt has nxtty, what about us?  :D It would help spread the word about BitShares without a doubt! We could even do the referal program within our own social network!

revenue could come from:

- ads? (although that would be just like Gem)
- creator content. user could subscribe and pay to have access to someone's content like small articles, entertainment pages, etc. Tbh I think an user would pay for high quality content
- unlocking speacial features? certain emoticons, app skins/themes, games, etc
- dividends from burnt fees everytime a transaction is made (trading our social network crypto coin with friends or spending it on special features)

Just seen this: https://github.com/BitShares/bitshares_toolkit/wiki/BitShares-Mail

Thread here: https://bitsharestalk.org/index.php?topic=10306.0

[fuzzy]

counter party has Gems, nxt has nxtty, what about us?  :D It would help spread the word about BitShares without a doubt! We could even do the referal program within our own social network!

revenue could come from:

- ads? (although that would be just like Gem)
- creator content. user could subscribe and pay to have access to someone's content like small articles, entertainment pages, etc. Tbh I think an user would pay for high quality content
- unlocking speacial features? certain emoticons, app skins/themes, games, etc
- dividends from burnt fees everytime a transaction is made (trading our social network crypto coin with friends or spending it on special features)

Ok...i have a minute. 

BeyondBitcoinx.net was meant to be a place where delegates can sign up, donate a portion of their tx fees and get tokens for the internal system that can be used to pay people who help promote them (and the DACs on which they run) on social networks.  With full functionality (this would require custom $$ code), ads could be put up and DACs, Delegates and even community members could imbue them with these tokens...then when users share those links on social media they gain a finite number of those tokens.  Those tokens could then be used to buy donated shares in DACs and/or promotional materials (shirts, mugs...etc), and --of course--ad space. 

So if I go to the main page, I might see an advertisement banner for an upcoming DAC that has been imbued with 10,000 "Action Points" (or whatever you want to call them).  I can then click on it--once per account-- (and earn a token), and be given the opportunity to share it --once per account-- (to get another token).  If I believe in that DAC, I can use some of my accrued tokens to "re-up" the ad banner. 

This also works with DAC pages and Delegates' pages, though the advertisements and content might be different.  Delegates and users could also tip people directly in these "Action Points" for doing outstanding work.  New and upcoming DACs would be able to even announce a certain portion of their total shares (maybe 10%?) are up for angelshares-styled crowdfunding with these tokens, or they could sharedrop on all token holders. 

In this way we create incentives for everyday users to share bitshares ecosystem activities across a number of social media channels.  It also aligns incentives for users to create content (in hopes of getting tipped) to support projects they believe in.  The chief goal was to incentivize (unlike our current political system) our ecosystem's "citizens" to learn about and propagate the messages and power players they believe in--to play a more active role in their "society". 

There is more to it, but that is the general premise.  Hope this helps.   

[Akado]

counter party has Gems, nxt has nxtty, what about us?  :D It would help spread the word about BitShares without a doubt! We could even do the referal program within our own social network!

revenue could come from:

- ads? (although that would be just like Gem)
- creator content. user could subscribe and pay to have access to someone's content like small articles, entertainment pages, etc. Tbh I think an user would pay for high quality content
- unlocking speacial features? certain emoticons, app skins/themes, games, etc
- dividends from burnt fees everytime a transaction is made (trading our social network crypto coin with friends or spending it on special features)

[fuzzy]

http://getgems.org/

boy oh boy doesn't this sound like a very closely related project to how beyondbitcoin was meant to eventually work...

How was it meant to eventually work? I've been thinking a lot about viral DACs lately and this sounds similar, but without a revenue model.

Due to time restrictions, I would habe to explain it to you in mumble...along with where you want the nullstreet link ;)

[Method-X]

http://getgems.org/

boy oh boy doesn't this sound like a very closely related project to how beyondbitcoin was meant to eventually work...

How was it meant to eventually work? I've been thinking a lot about viral DACs lately and this sounds similar, but without a revenue model.

[fuzzy]

whuups, I apologize. drawing weird inferences myself it seems. #420yolo  8)

Rereading it I could see how you thought that ;)

I think we have it well documented when I decide to have an outburst. Dont worry youll know!

[CLains]

whuups, I apologize. drawing weird inferences myself it seems. #420yolo  8)

[fuzzy]

I love you man, but look at it like this fuzz: you're implicitly accusing someone without hard evidence. If true it succeeds in making us feel victimized. If false it succeeds in slander. We might not suspect that we can unconsciously be motivated to feel victimized, but that is in fact the more appropriate suspicion we should have.

When we face a strong competitor, it is difficult to take full responsibility for the eventual outcome. The easy path is to unconsciously get rid of responsibility and blame it on forces outside our own control. Furthermore, if we postulate that these forces are in some sense evil, then our pain of helplessness becomes a kind of absolution as well.

whoa whoa...i just said it looks interestingly like our basic idea.  Nothing more nothing less.  This is an open source movement!

Sorry if it sounded like something else..

[gamey]

BitSharesME would be comparable but not enough man power to do that atm.

How is this comparable? I thought ME will be like an asset exchange where everyone can place their IPO for assets, like NXT AE or not?
Gems is something like Facebook with an internal currency isn't it?

If they have a fixed supply of coins, their distribution system could follow facebook and still utilize an asset exchange.  Something just has to keep track of the payouts and what actions they are glued to. 

[mf-tzo]

BitSharesME would be comparable but not enough man power to do that atm.

How is this comparable? I thought ME will be like an asset exchange where everyone can place their IPO for assets, like NXT AE or not?
Gems is something like Facebook with an internal currency isn't it?

[serejandmyself]

exocoin might be one when they release - http://exocoin.org/

[tonyk]

I will speak for myself only Clains...

Counterparty is not a competitor... not in their wildest dreams... just try the product... It sucks... and it can be barely improved...
Just for fun go and place an order for something... when you wake up 8 hours later check the results...if for any reason, god has decided to match your order, try and place an order for something else....

There are possible competitors in the space... counterparty is not one of them...

[CLains]

I love you man, but look at it like this fuzz: you're implicitly accusing someone without hard evidence. If true it succeeds in making us feel victimized. If false it succeeds in slander. We might not suspect that we can unconsciously be motivated to feel victimized, but that is in fact the more appropriate suspicion we should have.

When we face a strong competitor, it is difficult to take full responsibility for the eventual outcome. The easy path is to unconsciously get rid of responsibility and blame it on forces outside our own control. Furthermore, if we postulate that these forces are in some sense evil, then our pain of helplessness becomes a kind of absolution as well.