Since the Moonstone project would be expercted to return you a 15% profit, would you then be using all that too for for feeds and feed frameworks?
Does your business model intend that you become self supporting/profitable in the long term?
The proposed symbol for these funds are bitCDX-{IndexSymbol}
e.g. bitCDX-MCAP88
this signifies the Bitshares Cryptodex Marketcap Weighted Top 88 blockchain assets and tokens
Additional index tracking funds include:
The Strong Privacy Based Index
DRK, XMR, SDC, BTCD, XDN etc.
DApps
Storj, Florin, Factom, etc
When voted into the delegate pay ranks Cryptodex will immediately use 80% of the funds for feeds and feed frameworks and provide 20% to the Moonstone project to finish their wallet framework.
When voted into the delegate pay ranks Cryptodex will immediately use 80% of the funds for feeds and feed frameworks and provide 20% to the Moonstone project to finish their wallet framework.
I don't like this mix. Moonstone is a separate project with its own plan for funding. If you only need 80% for funding your own project, then register an 80% delegate.
Also, I'm always very much hesitant to cover the development of a business platform using delegate pay. After all, once your business becomes profitable you'll take the revenue for yourself. Essentially the DAC is taking over your business risk, and it gets very little in return.
Well when I first posted this proposal I was under the impression that Bitshares operated as a company "Distributed Autonomous Corporation" and Bytemaster blogging about how he considered Bitshares a startup made that presumption much stronger. In my mind I was working within that framework to create value on the Bitshares platform. Since then, a new proposal for privatized assets has come up and Bitsaphire has leaned in to voice its opinion that Bitshares is a community not a company... I understand why privatized assets is alluring to the Bitshares stake holders as it is the fastest way to increase trade fees based on platform use.
Bytemaster uses at least ten metaphors to help explain BitShares to any unfortunate person caught in an elevator with him.
http://bytemaster.bitshares.org/update/2014/12/18/What-is-BitShares/
http://bytemaster.bitshares.org/article/2014/12/24/Delegates-Should-Have-a-Business-Plan/