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Messages - cloudcoiner

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Add a 1%-3% fee per transaction.

Half of all the fees collected in the entire pot go to paying out a surprise jackpot, which is awarded to random transaction pairs.

So if Bob sends Jane 100.00 coins, and they are lucky either Bob or Jane or both will get a surprise jackpot donation as a reward for using the currency, i.e. 100100.00 coins.

This will boost incentives to spend rather than just hoard it.

Protoshare:   Pfd7yVHojcWvcLeDCSmKPo77QD3EgZ3r8F
Btc:   19ZEhBMWtsntY4Kc8wPAkYfekYgCvJVh4Q
Doge:    D9XzmPpHSAcfWn4VdBF93HC6pq4k7df1iT 

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General Discussion / Re: VC DAC
« on: February 08, 2014, 05:15:57 am »
I've seen stock market games where users are allocated a given number of points they can buy imaginary shares with. Then they see which users guessed the best stocks by looking at how much money they would have earned in the real world if they had invest a dollar for each point. Over time some users clearly rise to the top and prove they have a track record of successfully predicting the best stocks. Then, they consider giving the top ranked players REAL money to invest, of which they split the profit.

Now this is an interesting idea but there are two main things that can go wrong.
1. The top ranked users may have merely won by luck, and would not likely repeat the success.
2. The investor is a bad person and purposely takes the real money and 'loses' it by sending it to a bad investment which the investor alone profits from (embezzlement).

To solve the first problem, the number of successful predictions should be great enough that it is unlikely to be by chance alone. To solve the second problem, the investor may have to pass a background check and have some disclosure, and the group as a whole would have to determine if something is a good investment or not.

I think if you had a class of successful investors you can eliminate a lot of risk by having one that nominates an investment to be separate from those that vote on the investment. If the investment idea passes, then the group can determine how much to allocate.

Think of it like the (US) government and how it secures the public through the checks and balances of the three branches. Separation of the powers ensures a safer outcome.

In our case, everyone would work together to maximize share price, earnings, and dividends.

I'm new to protoshare but really excited about it. Please send tips:

Protoshare:   Pfd7yVHojcWvcLeDCSmKPo77QD3EgZ3r8F
Btc:   19ZEhBMWtsntY4Kc8wPAkYfekYgCvJVh4Q
Doge:    D9XzmPpHSAcfWn4VdBF93HC6pq4k7df1iT   

Thanks! Matthew



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Throughout your entire life you spend hundreds of thousands of dollars. What if you never had to waste any of that money but instead had a legitimate chance to buy what you'd normally buy only you'd also get free cryptoshares if you bought from a new distributed autonomous corporation? It's not a bad idea. Blocks are replaced with products sold.

First 1000 products sold yield 1000
1001-10000 products sold yield 500
10001-100000 products sold yield 250, etc.

In this manner, the consumer can make a profit for his / herself while getting what they wanted anyways! Consumers will be excited to be a part of a company and will support it for years to come and the DAC will have organic investors.

It can work because originally the USD$ value of 1000 shares might be $1, but as the DAC becomes more profitable with more and more revenue, dividends and the value of 1 share may become $1 or even a $100 in time.

DACs are open and distributed, by the people, and for the people!

If you like my idea please send me a tip:

Protoshare:   Pfd7yVHojcWvcLeDCSmKPo77QD3EgZ3r8F
Btc:   19ZEhBMWtsntY4Kc8wPAkYfekYgCvJVh4Q
Doge:    D9XzmPpHSAcfWn4VdBF93HC6pq4k7df1iT   

Thank You!!

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