Theoretical and Klosure, thanks for comments. I woke up with a new drive for this indexcoin project, I must not have tried hard enough last week.
Political....yes that could be a perception and the FUD......But to start off with the first Indexcoin, consider it the Original Coke....well, it could be devised but there has to be room for kicking out coins for various reasons, ethics, scam, etc, but yah that's big potential for politics, but that's why there COULD be built in voting capabilities because we all can see what dictatorship does and the corruption it brings. We already have seen that model and will see it in 2016 and beyond. We just need value to the coin and create the index, but it could be managed index by developers, I'd like to consider BTC, DRK, Namecoin, (new one Alexandria) while others may arrive at consensus for Indexcoin number 1. I hear ya, that's why i want to hold that conversation and involve others in the decision making process, all of which is time. Time is money. And for that it's time to get to work and pay people for these decisions and create opportunity and value via Indexcoin.
The key is gaining partners for sponsorship with the coin and incorporate alliances. I'm serious when I want to include microbreweries and Pizzerias if they accept Bitcoin, crypto, and that includes Indexcoin. Brand awareness is what is needed, plus beer and pizza is needed for working hard!
I am trying to bring people together to not butt heads, but to work together. It's like this, comes a point where you need boots on the ground but not too many that they are in the way. i want to avoid office politics and coin politics, but simply want to build the vehicle and the value will come from Indexcoin and once built that model can then be used for 200 indexes, and then it can get interesting with voting, and all that.
These are full time jobs already. I'd like to find sponsors for kicking this off to pay us and those intersted in building this and tying it in.
If we don't someone else will and again will just claim it and it will just be a copy cat. Either way it's going to take some time, and time is money, and talent. I say partnerships and sponsors and economic development is as key as open and transparency. Not to say that the coin could not have Darksend capabiltiies.....iff DRK was in the index....but that's to be debated.
Just to think outside the box, i saw on Startjoin someone out of NZ I believe kicking off a platform for debating....one on one, or voting, etc....a coin index could be voted on via that sort of platform and people are involved on the merits, etc, and that is but one way to arrive at a new index.....open debate / topic, etc.....with parameters like X amount of people participated, voted, etc.....just an idea....
I started crunching the numbers and it's not as hard as i had thought, but arriving at the 'equations" is where I could use some help and how to tie that into I would say blockchain, as a stand alone cryptocurrency.
I also have thought of a way to create "commissions" for autopay back to developers and investors for ROI, but that needs to be discussed, and not sure if it would work, but face it the exchanges makes % in and out, This coin is performing a function of the index and by % there could be a way to bring an autopay system in for immediate pay back, something that cannot be taken away because it goes to an address and people are rewarded. Each Indexcoin could be an exchange within an exchange....not to get too elaborate, but just an idea, and if people buy or sell, % comes back and that also includes for investors so they would fund the project. This may not work and others may see that as distraction versus the market rate, but I am just saying as a way to pay people and give back to investors rather than saying help us build a coin and you will be doing something great for the community. Has to be a built in incentive and that can be done is all I am saying, all subject to discussion.
But I do want to immediately get to work on this and find some sponsorships to start building it. I know of a few that are intested and have a few aces up my sleeve. Or I'd like to go to work for a company and build this project from there and with the same ideas. Either way I am looking to get to work on the project and again after a layoff need to make something happen sooner rather than later.
I'd appreciate the help either way. But I don't want to just talk about it and waste time. i want to move on this ASAP. I don't know if Bitshares is the way to go in this regard, don't know enough about Bitshares and this scenario of Indexcoin. But if there is any ability to partner with Bitshares and it makes sense, or create a division and partner, i'm open to building those alliances.
Worst thing that could happen is this coin gets delisted. But I don't see that happening. i see big things with this, and that includes job creation and working with sponsors and promotions. Not talking overly commercialization like Woodstock in 1999. But I am saying give a vehicle for promotions and product introductions by remembering who supported the project and that means for life of the coin. Not only should the coin bring value to investors and the other coins in the index, but it should bring loyalty, but I agree keep the politics out or it's just as corrupt as what we see before our very eyes every day.
So is there an Angel Investor or a company that will put me to work on this project? That's the question. Then comes down to what other job creation can come of this? How to arrive at a team? Leadership is needed, talent, developers, partners, etc. But I'd like to be involved and not get aced out or deal with control freaks, and vice versa. We all got bills and mouths to feed. i am motivated by a healthcare issue. People get paid for working all the time, I don't think that seeking VC is too far out of line with this project to do it right and not on a shoestring budget. I get that.