Has nobody else noticed how bizarre Adam's proposal is? To give $1m to the most profitable DAC? If any DAC is even remotely successful, its devs will (if they set it up right) make hundreds of millions of dollars. Why would Invictus waste a piddling $1m five years from now on a company that will be worth billions? The AGS funds should be invested up front to give DAC devs a leg up right now, when speed is absolutely critical. Long-term bounties for successful DACs would be an egregious waste of funds.
It's impossible to say how much in dollars any DAC will make. Bitshares might not even make hundreds of millions of dollars. If cryptocurrency catches on then you could be right but who is going to take the risk without incentive?
I recommend we use outcome based rewards but I don't think it should be in dollars but in shares. Why are we measuring in dollars?
A while back I mentioned the need to set up a system to reward theoretical progress. We should be rewarding people who produce academic articles and we should have an academic journal for decentralized autonomous networks.
Since the money exists to reward theoretical progress we should do more to encourage it. A lot of knowledge on how to do stuff is missing and just having programmers isn't enough. So why not an academic journal where ideas, new algorithms, concepts, and overall scientific research progress on these subjects can be encouraged, rewarded, and made accessible?
Stan if you are reading this:
PLEASE ENCOURAGE RESEARCH AND DISCOVERY.
Knowledge must be decentralized. Incentivize the process of discovering knowledge.
Attract the curious researchers, the student-hacker, the dreamer, and reward. Let's actually create a theoretically detailed knowledge base together.
If you want I can give you the details on how to decentralize the process. I have had plans to start a website based on this but since I own Angelshares now I can help explain how to reward the generation of knowledge in a decentralized way. In my opinion we absolutely require at least one academic journal in the world on the subject of the DAC.