This is a very good idea
As I've said previously I think BitSapphire & other third party products should incorporate elements of fee sharing too.
ASAP but KISS.. and obviously we'll need a league table to see the real impact and learn from who's doing what and how.. kudos can be as valuable as BTS!
This is true
BitShares still unfortunately has the possible Achilles heel of being viewed as a crypto-company vs. a crypto-currency which makes it very hard to build network effect. (A solid crypto-currency is big FU to Governments, banks, central planners and even manipulated precious metals & a no inflation BTSX with funding, rockstar developers & BitAssets was the best crypto-currency on the market & it's constantly growing community & valuation reflected that. I know some people don't grasp how hard it is to build a community around a variable dilution company but hopefully seeing the massive and consistent decline in BitShares value ( >70% in $ & BTC terms) these last 6 months you have at least observed in practice that the valuations & popularity of the the two models are world's apart.)
I think moonstone plus something like this could give BTS a shot, it's just uneccasarily hard work when the $ BTS accesses via dilution at this CAP is less than a no inflation BTSX was getting just from fees.
Every Silicon Valley startup works the same way we do - pay early employees with stock to conserve liquid cash.
BitShares is structured for growth into the general population where its self-funding model will enable exponential growth unimpeded by old school crypto-think. I agree it makes that big old engine a little harder to start among the small crypto investor community, but that's just one of many steely-eyed tradeoffs we have to make when thinking bigger.
The core product IS the crypto-currency itself.
When you destroy the crypto-currency to optimise yourself as a crypto-company you destroy your core product on which your community, network effect and valuation is based. So much so that a self funding BTS has less $ to work with than BTSX generated from fees and these dilution $ are eating into the share price everyday.
Whatever BTS develops, a popular strong crypto-currency will add to their blockchain if it's useful, so BTS will even struggle to be like an Apple and build some sort of community & value around BTS products.
As I said to you 6 months ago on the last day that BTSX was consistently rising in value on a trajectory that would have made us all wealthy and helped change the world for the better...
At first I wasn't sure if this was a good idea but the more I think about it, the more I like it.
We know that a lot of bitcoiners and altcoiners think btsx is a "crapcoin" and a ponzi scheme. So why do we really care what they say about us diluting btsx? Many of them are set in stone and won't "convert". This is why they aren't a target demographic for btsx. Our time, money and energy should be focused on people outside the crypto sphere. Those people don't care how it works, but if it works.
I think as long as this is well thought out and all other options are exhausted that we should go for it.
Kind of reminds me of the famous five monkeys experiment.
Nobody in those communities is willing to go for the bananas any more
but no one remembers why.
Kind of reminds me of the famous goose that laid the golden eggs.
I think moonstone & this idea look good and I'm still holding a little because BitAssets are fantastic. However if this model really takes off you will have the last laugh because I could be buying big at these prices and I'm not. So possibly my loss.
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