What if the 9k isn't reached, let's say you get 5k, will the 50k sharebits be distributed through the donators as well? meaning each person who donated gets more share bits?
One thing I might have missed or you didn't mention, people don't need to tip ShareBits, they will be able to tip bitUSD, bitAsset BEER, bitAsset COFFEE, bitCNY, etc, right?
do i understand it correct that beyoind and ccedk gets fees directly and via sharebits?
What if the 9k isn't reached, let's say you get 5k, will the 50k sharebits be distributed through the donators as well? meaning each person who donated gets more share bits?
One thing I might have missed or you didn't mention, people don't need to tip ShareBits, they will be able to tip bitUSD, bitAsset BEER, bitAsset COFFEE, bitCNY, etc, right?
Yes, you will be able to tip any bitshares UIA or bitassets.
What if the 9k isn't reached, let's say you get 5k, will the 50k sharebits be distributed through the donators as well? meaning each person who donated gets more share bits?
One thing I might have missed or you didn't mention, people don't need to tip ShareBits, they will be able to tip bitUSD, bitAsset BEER, bitAsset COFFEE, bitCNY, etc, right?
Yes, you will be able to tip any bitshares UIA or bitassets.
You missed the first question.
What if the 9k isn't reached, let's say you get 5k, will the 50k sharebits be distributed through the donators as well? meaning each person who donated gets more share bits?
One thing I might have missed or you didn't mention, people don't need to tip ShareBits, they will be able to tip bitUSD, bitAsset BEER, bitAsset COFFEE, bitCNY, etc, right?
Yes, you will be able to tip any bitshares UIA or bitassets.
You missed the first question.
Answered in the first post after the ANN. Donations post $9k will be returned to sender in about a week.
Answered in the first post after the ANN. Donations post $9k will be returned to sender in about a week.
I'm talking if we dont reach the 9k. You're talking if we go above 9k.
if i did the math correct you are selling 11% of the fees is this correct?*
so the project ist worth 100.000 USD?**
so, what i miss is the businessplan. so will tipping in the future cost something? or where are all the fees are coming?
2. for what do you need the money?
3. how much was put in from the founders?
if i did the math correct you are selling 11% of the fees is this correct?
so the project ist worth 100.000 USD?
so, what i miss is the businessplan. so will tipping in the future cost something? or where are all the fees are coming?
2. for what do you need the money?
3. how much was put in from the founders?
1)
were selling 80% of the fees, distributed as such:
55% to shareholders
35% to ccedk
10% to beyond bitcoin
the other 20% covers bitshares network fees and any remainder is allocated to shareholders.
250k ShareBits shares are issued, we are are selling 50k of the 250 for this crowd funder, the amount were asking for is 9 thousand usd
this puts the valuation at roughly 50 thousand usd.
1)
were selling 80% of the fees, distributed as such:
55% to shareholders
35% to ccedk
10% to beyond bitcoin
the other 20% covers bitshares network fees and any remainder is allocated to shareholders.
250k ShareBits shares are issued, we are are selling 50k of the 250 for this crowd funder, the amount were asking for is 9 thousand usd
this puts the valuation at roughly 50 thousand usd.
This is some fuzzy math...no pun intended.
9K / (20%*80%*55%) is still 102K -ish, just as before.
1)
were selling 80% of the fees, distributed as such:
55% to shareholders
35% to ccedk
10% to beyond bitcoin
the other 20% covers bitshares network fees and any remainder is allocated to shareholders.
250k ShareBits shares are issued, we are are selling 50k of the 250 for this crowd funder, the amount were asking for is 9 thousand usd
this puts the valuation at roughly 50 thousand usd.
This is some fuzzy math...no pun intended.
9K / (20%*80%*55%) is still 102K -ish, just as before.
that makes no sense at all?
35 + 55 + 10 = 100
20% of that goes to bts fees...
whats not clear here?
1)
were selling 80% of the fees, distributed as such:
55% to shareholders
35% to ccedk
10% to beyond bitcoin
the other 20% covers bitshares network fees and any remainder is allocated to shareholders.
250k ShareBits shares are issued, we are are selling 50k of the 250 for this crowd funder, the amount were asking for is 9 thousand usd
this puts the valuation at roughly 50 thousand usd.
This is some fuzzy math...no pun intended.
9K / (20%*80%*55%) is still 102K -ish, just as before.
that makes no sense at all?
35 + 55 + 10 = 100
20% of that goes to bts fees...
whats not clear here?
I cannot easily tell what is not clear to you...let's take it slow
50K/250K = 20%
20% of 55% is 20%*55%
80 % of that is 20%*55%*80%
9000/(20%*55%*80%) = 102,272.7272 valuation
20% of 55% is 20%*55%
80 % of that is 20%*55%*80%
I think you're making it more confusing than it needs to be.
$9000 from 50k shares is $0.18/share.
250k shares @ $0.18/share = $45,000
anyway could you not derail this thread? im sure people want to discuss the topic
@Shentist I think you too are conflating revenue splitting with valuation. There are 250k shares for everyone at $0.18/share. How the revenue is then divided up is a different set of numbers. Since there isn't any revenue yet there's no way to add that into the mix.
@Shentist I think you too are conflating revenue splitting with valuation. There are 250k shares for everyone at $0.18/share. How the revenue is then divided up is a different set of numbers. Since there isn't any revenue yet there's no way to add that into the mix.
if you see it this way - ok!
The power of the ShareBot makes it possible for real grassroots referral gathering by enabling our community to bring on referrals via tipping on social media and nearly anywhere else, including email lists and many others.
this is the reason why it is to complicated. I dont get it why not everything is converted into shares, so it is easier to decide for investors to chip in.
I think everything is just fine, Fuzzy. I was only trying to get the numbers worked out in my own head.
Best not to tweak anything at this stage IMHO. You'll never get agreement from everyone and what is here is just fine.
1) Will this project be closed source, or open source and licensed? If it is closed source, will there be a transparent way to audit that everything is working properly?This is up for grabs but currently it is closed source. It could be opened up, but I would prefer not at this moment. Licensing, however, would be something for which I would press.
2) Do you plan to ever dilute the Sharebit UIA to more than 250k in the future? Who will be the official trustees?It is possible. If the community feels that a feature being added would be worth another Crowd Donation for, say, 20k more ShareBits to receive the money to add a feature in. Of course, it might also be possible for us to add functionality and charge for it to be added. My honest thoughts though are that after 1 year this ShareBot and its ShareBits will be so big that this ShareBot will become huge, will earn us more than enough to pay for the basic updates, maintenance, additions...etc. Because of this value other services will likely want to pay to have their services integrated (and part of these payments could actually be given as a "bonus" dividend payment/token buyback).
3) Do you have any built in mechanism for funding future development of the bot? For example, do you plan to allocate a percentage of the referral income towards ongoing development? In your breakdown I saw $1200/year for maintenance fees, but I don't remember any mention of an ongoing development fund.The idea is largely to use the tx fees received to help pay for that maintenance. The “ongoing” development fund would likely be more of a pool of money that we hold and use as needed because as much as you want to plan for something…in the coding world it often doesn’t matter what is “planned”. Far better to save funds and use them for emergencies. I am also pretty certain that CCEDK and myself would be interested in helping pitch in if it was completely necessary ( for instance if the community for some odd reason doesn’t want to fix it or add what we may truly believe to be a killer feature). But then again, we are giving a very large portion of this bot to the community so I would be stunned to see them not support a little worker proposal funding here or their to make sure it functions and grows as they want it to.
4) I'm very interested to hear about how do you plan to implement dividend payments to UIA holders (high level, of course ;))Payouts on a regular schedule. This might be daily, weekly, bi-weekly, monthly….etc.
5) Last - out of curiosity, If you end up sharedropping ShareBits UIA onto BTS and Brownies holders, how much is that going to cost? Aren't there like 60,000 addresses? That's a lot of transaction fees!This is a question that I am very glad you brought up. Let’s ask @kuro112 and @hybridd what they have to say. From my perspective, though, it is more important to give everyone in the BitShares community a valuable stake in ShareBits because it embodies everything they need to successfully earn referrals from across the most heavy traffic social media and other sites. This means that the cost is worth it...and it will at the very least be substantially lower since the account sending them will be a lifetime member account :)
Edit: One final question I have - how will the project be governed? Will ShareBits UIA holders have a say in any decision making processes going forward, or will it be "centrally" governed by Beyond Bitcoin and CCEDK? My personal (unsolicited) opinion is that it would have a much higher chance of success if you did not try to formally involve the token holders in much (if any) of the decision making processes. I know this isn't even possible yet (until hopefully FMV releases their UIA voting software), but nevertheless I am wondering about how you envision the tipbot to be "governed", i.e. who is pulling the trigger on major and minor decisions?Governance of the project shouldn’t be too much of an issue as the only real decisions needing made would tend to be neutral decisions that would benefit all users via maintenance or upgrades. Here are a few things I can think of that would need a few individuals to make a final decision:
ShareBits.io's Launch Bringing 'Crypto' Technology To Mass-Market Solutions
To support the BitShares community in making the Sharebits make a difference out there in the real world, and allow an increasing amount of new interested parties, users and projects enjoy the Bitshares 2.0 platform Openledger, the Sharebits has managed to get a space in the Forbes window, I hope you all enjoy and will help spread the news. Lets give this article a warm welcome with lots of twitter love, facebook and linkedin mentioning as well as Reddit upvotes etc, and then once you are done, you can start tipping all the connections you has managed to bring this message out, by simply sending a tip via the new BitShares project Sharebit.io
Enjoy, and lets get the fun started :)
http://www.forbes.com/sites/rogeraitken/2015/11/15/sharebits-ios-launch-bringing-crypto-technology-to-mass-market-solutions/
Modify message
ShareBits.io's Launch Bringing 'Crypto' Technology To Mass-Market Solutions
To support the BitShares community in making the Sharebits make a difference out there in the real world, and allow an increasing amount of new interested parties, users and projects enjoy the Bitshares 2.0 platform Openledger, the Sharebits has managed to get a space in the Forbes window, I hope you all enjoy and will help spread the news. Lets give this article a warm welcome with lots of twitter love, facebook and linkedin mentioning as well as Reddit upvotes etc, and then once you are done, you can start tipping all the connections you has managed to bring this message out, by simply sending a tip via the new BitShares project Sharebit.io
Enjoy, and lets get the fun started :)
http://www.forbes.com/sites/rogeraitken/2015/11/15/sharebits-ios-launch-bringing-crypto-technology-to-mass-market-solutions/
Modify message
can they share some UIA's on those platforms?
it's my first time sending donation. I have bts so how to i donate? and what is memo?
Please send all bitUSD, bitCNY, BTS donations to acct: browniedistro
use memo: For sharebot
@kuro112 I donated but I put the btstip.io tip code in the memo. :(
I like the project.
But I don't like the idea airdrop to community.
If your business can success, it's the best reward for community.
you need keep more shares for next fund, encourage your future team member,
if you keep less than 50%, you'll lost motive power for the project.
you should ask venture capital instead of crowdfund, less than 10% shares for crowdfund is acceptable.
I don't want to say but it's the fact, most BTS are hold by speculators, they will have no contribute to your project.
I like the project.
But I don't like the idea airdrop to community.
If your business can success, it's the best reward for community.
you need keep more shares for next fund, encourage your future team member,
if you keep less than 50%, you'll lost motive power for the project.
you should ask venture capital instead of crowdfund, less than 10% shares for crowdfund is acceptable.
I don't want to say but it's the fact, most BTS are hold by speculators, they will have no contribute to your project.
I like the project.
But I don't like the idea airdrop to community.
If your business can success, it's the best reward for community.
you need keep more shares for next fund, encourage your future team member,
if you keep less than 50%, you'll lost motive power for the project.
you should ask venture capital instead of crowdfund, less than 10% shares for crowdfund is acceptable.
I don't want to say but it's the fact, most BTS are hold by speculators, they will have no contribute to your project.
I appreciate the input alt :)
We did this because it helps bitshares holders if their is a culture that forms around the token that essentially makes outside crypto holders realize that holding bts will be highly likely to give them stake in other, future associated projects.
Imagine, for instance, if every bitcoin holder was sharedropped a portion of every new innovative token that came out. Just imagine how many people would want to hold btc it this was the case for btc. Do you really think it would harm btc and crypto? I personally think people would begin focusing on the technologies underlying the tokens they receive and would be far more likely to be strong hands.
But not only that...brownie holders are going to hold many as well...and we fully expect they will help drive future sharedrive initiatives and inspire bts holders to follow suit ;)
I like the project.
But I don't like the idea airdrop to community.
If your business can success, it's the best reward for community.
you need keep more shares for next fund, encourage your future team member,
if you keep less than 50%, you'll lost motive power for the project.
you should ask venture capital instead of crowdfund, less than 10% shares for crowdfund is acceptable.
I don't want to say but it's the fact, most BTS are hold by speculators, they will have no contribute to your project.
I appreciate the input alt :)
We did this because it helps bitshares holders if their is a culture that forms around the token that essentially makes outside crypto holders realize that holding bts will be highly likely to give them stake in other, future associated projects.
Imagine, for instance, if every bitcoin holder was sharedropped a portion of every new innovative token that came out. Just imagine how many people would want to hold btc it this was the case for btc. Do you really think it would harm btc and crypto? I personally think people would begin focusing on the technologies underlying the tokens they receive and would be far more likely to be strong hands.
But not only that...brownie holders are going to hold many as well...and we fully expect they will help drive future sharedrive initiatives and inspire bts holders to follow suit ;)
the sharedrops are a great way to give back and motivate people to contribute ideas and time to help out for sure,
also we will be doing a buyback so dont forget that ^^
What if the 9k isn't reached, let's say you get 5k, will the 50k sharebits be distributed through the donators as well? meaning each person who donated gets more share bits?
One thing I might have missed or you didn't mention, people don't need to tip ShareBits, they will be able to tip bitUSD, bitAsset BEER, bitAsset COFFEE, bitCNY, etc, right?
What if the 9k isn't reached, let's say you get 5k, will the 50k sharebits be distributed through the donators as well? meaning each person who donated gets more share bits?
One thing I might have missed or you didn't mention, people don't need to tip ShareBits, they will be able to tip bitUSD, bitAsset BEER, bitAsset COFFEE, bitCNY, etc, right?
Very sorry @Akado. I was not intentionally ignoring your questions.
2) yes. The idea is that we want to open it up to enable people to send ANY bitshares UIA and bitassets. This bot very well might even allow us to later on send other tokens like peercoin, btc, ether...etc. but that would have to be verified with the rest of the group. :)
However, one final note...if we were to have the ability to do something like the decentralized exchange that enables people to insert peercoin and get a UIA for it that is traded on the bts decentralized exchange, then it is pretty much guaranteed any coin our community adds will be Shareable using the ShareBot. ;)
What if the 9k isn't reached, let's say you get 5k, will the 50k sharebits be distributed through the donators as well? meaning each person who donated gets more share bits?
One thing I might have missed or you didn't mention, people don't need to tip ShareBits, they will be able to tip bitUSD, bitAsset BEER, bitAsset COFFEE, bitCNY, etc, right?
Very sorry @Akado. I was not intentionally ignoring your questions.
1) If we dont receive 100% funding (which is so highly unlikely that i almost feel it is a bit of a waste of time to cover), their will be a reduction in the amount sharedropped on BTS and BROWNIES by the % unfunded. So for instance if we are missing 10% of the crowdfunder donations required, we will take 10% of the Sharedrop off of the community. This is to incentivize people to get others onboard and help significantly inprove the chances of a full sharedrop of NEARLY HALF of the ShareBits. However, i can say i will likely go sell some of my silver to pay it myself if that happens for some reason...so it is highly (almost nonexistent) in likelihood.
2) yes. The idea is that we want to open it up to enable people to send ANY bitshares UIA and bitassets. This bot very well might even allow us to later on send other tokens like peercoin, btc, ether...etc. but that would have to be verified with the rest of the group. :)
However, one final note...if we were to have the ability to do something like the decentralized exchange that enables people to insert peercoin and get a UIA for it that is traded on the bts decentralized exchange, then it is pretty much guaranteed any coin our community adds will be Shareable using the ShareBot. ;)
sorry if this is located in this thread somewhere ... but how does the tipping bot interact with the referrals?
Just curious, would it be possible to build payout systems (e.g. for miningpools) using sharebits? Is there a way to send tips via API calls? Could eventually be a simple way to implement manual withdrawals without having to track anything yourself.
@kuro112 I donated but I put the btstip.io tip code in the memo. :(