Am I the only one here who actually read the costs?
can some one explain to me how its going to cost 16 thousand dollars to adjust pre existing code?
seriously id like a breakdown of why it will take 8000$ in man hours to adjust the fee code, no ones writing a large amount of new code, its an adjustment to a pre-existing system...
the same goes for market fees ?
16 thousand to plug in kyc and deposit / withdrawal ? seriously?
is anyone buying these numbers?
not trying to be a naysayer, i think all this work needs to be done, but for 3x what it actually costs in man hours and expertise? nah bro.
please provide us a breakdown of how the hours will be allocated and why they will add up to 32 thousand dollars for the features i think will take a fraction of the time and work...?
Maybe we should be paying even more to the first developers hired by BTS 2.0 because it's good marketing. We need to attract lots of good programmers to work on Bitshares – and what could be a better way? Since there haven't been any real worker proposals before this, paying little bit extra might give a nice incentive to other programmers out there.
Of course I don't mean that we should be paying outrageous amounts of BTS, but just that we shouldn't be complaining about rates in Cryptonomex's proposal. I would vote for them even if the demanded payrate was higher.
This is exactly how markets work. People notice when other people are making a killing with high margins and then enter to compete. If BitShares wishes to diversify its developer base then it will need to make working for BitShares profitable enough that many people come out of the woodwork to get things done. Using the example of "fixed price contracts" with a 3rd party evaluator for completion means the blockchain can ensure that it actually gets a usable product for the money it pays.
On the other hand if the blockchain decides to be "cheap" then few will bother and those that are around will get distracted by higher paying opportunities.
I for one do not want to monopolize the worker proposals. I would much rather have decentralized development and parallel efforts.
The market does not always work.
When the 1.0 dilution model kicked in , people expected that the dilution rate will be reduced once the stakeholders fears it'll impact the price , then it reaches a balance.
The price kept dropping , and people did fear . But none counter measure has been taken to reduce the dilution rate at that time . Instead , the delegates kept piling up .
Another reminder, if the market does towards a balance like you said , then investors will choose to invest in projects less time consuming, less potential selling pressure, more capital friendly area.
Investors will also be distracted in higher potential profiting opportunities. It is not just the coders are choosing . But how much dilution can you get without crashing the project ? How can you possibly compete with companies with actual capital and actual funding and cold hard cash by dilution from thin air to attract developers ? You can't find money where there is no money to be found.
My math is not really good . But , lets assume, If by developing these features the price was dumped by the additional selling pressure by 50%, then what's your next proposal gonna be to attract highly talented developers to work on it ? 50% more ask ? And the justification will still be "if I don't get more . others will offer more" ?
In this equation , while your service is valuable , the value(price) of BTS will be dropping . Just a reminder , my math is not good , so it maybe wrong . Below is a wild dream : But that means you can somehow ask for 2 billion BTS one day if the price keep dropping and still with a really convincing argument ? Because 2 billion BTS is not even worth the offer that others are offering you , and you will be taking a discount by accepting only 2 billion BTS to work on a magical program that's gonna increase the value of BTS , but no , because the risk is too high , so in order to attract developers , I still have to take 2 billion BTS for now .....
Development is important. But development with a sustainable business model is also important. Using dilution to work on something without knowing if it will increase the value or at least without any calculated or educated proof and base the amount on the insanely low price (which you proved your own doubt by saying you are not certain if the price will rise in the future) is hardly a sustainable business model.
Forgive me , I just read too many books these days to realize business is not just "I do this , it will get more profit." or "If I don't offer this to that guy , he will not do it for us".....The main question is , How this can generate profit , and generate how much profit by estimation ? Can the profit at least make up for the cost ? In how much time frame ? Is there a graph with a curve that make sense ?