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Stakeholder Proposals / Re: Freebieservers.com is here
« on: March 08, 2015, 09:19:54 pm »I do not think it makes sense for FreebieServers to get paid for developing a betting interface which they will own and make money with. If the BitShares community pays for such a platform, then the BitShares community should be the owners of the platform, and should share the profits.
Sure, the BItShares community gets exposure out of the deal, but the cost of this exposure should not be confused with the cost of development. I just want it to be clear that the 'highest bidder' for this betting platform is not paying for development, they are paying for exclusive exposure, and the pricing should be expected to be appropriate for this.
The betting platform offering isn't in the proposal and due to the same I wouldn't be commenting on the statement.
Thanks for the prompt and useful answers Freebieservers. You may want to consider holding a http://beyondbitcoinshow.com mumble hangout to talk through your proposal to the BitShares community live. This often helps the idea become established among BTS holders and should help with getting elected. Also having this thread translated into Chinese and posted in the Chinese subforum is another useful action.
So far to me it looks like it could work very well. 5 delegates is a lot though and it will be especially hard to get elected due to concerns of centralising the network too much. Perhaps you could have fewer delegates but be partially funded by BitShares by other means, such as via BitSharesBreakout or another fund.
For the betting platform, as @fluxer555 says, "If the BitShares community pays for such a platform, then the BitShares community should be the owners of the platform, and should share the profits." One option would be doing a crowdfund by creating a UIA and having it listed on metaexchange.
This is an excellent use case for BitUSD and with viral potential, glad to have you here
So it cost around a buck per new account for Nxt. So we are looking at around 5000 users a month with 5 delegates each worth just over $1k at current market cap.
What is the upper limit to the amount you would require? When the marketcap increases to 50 million, 100 million or more, what will you do? E.g. You could burn the extra funds or ask us to vote out one or more of your delegates.
I am open to looking at other avenues to get things rolling. I understand 5 delegates is a lot, but within the current market scenario ,its a very reasonable amount for a start-up of our size and stature. Our reach beats most other names within crypto / gaming by far and I believe the funds help us retain running space to push the coin.
As the market cap grows, we'll be running larger campaigns. That said, yes -we'll be willing to step down with one of our delegates if things grow out of hand in terms of market cap.
If I were you Freebieservers, I would go ahead and ask Riverhead (and Rune) for advise. Riverhead is not only very smart but also has been here with BTS for a damn long time.... so he has insight that few other have. You will not regret listening or following what he has to say.
Ask him why did they chose to go the UIA (user issued asset) path and did not ask for delegate pay for their highly valuable (just like yours potentially Freebieservers) project.
Appreciate the suggestion. I'll PM the said user later tonight.
I think there are several distinct aspects here that are getting muddled:
Freebieservers.com has a network and an audience that can be leveraged to advertise our products. It may very well make sense for us to use delegates to pay them to do this.
Apart from this, Freebieservers.com has business needs for which the use of our products (or a competitors) could be very beneficial. I think if they look into it further, they'll find that working with us is in their best interest because our product is superior. Deciding to integrate and use BitShares based on direct delegate sponsored subsidies I think would be shortsighted; they should use the most efficient system available to them with long term sustainability in mind. This relationship should be mutually beneficial without any delegate positions, because BitShares offers both uniquely useful products and more efficient scaling than its competitors.
Like mentioned in the proposal, the delegate pay is an open door for the community to leverage our user reach and promote themselves. The integration will not be a result of subsidies. Any product related decisions are made over time post due analysis of what the tech brings to the table and how it affects our end users.