Hi guys,
As the devcoin source admin I really enjoyed working in an environment that allowed us to earn coins for work. As such I came up with an idea to open a business which would help market devcoin via a penny auction website. The idea is that it would be better than the competition because it offered crypto aswell as no bots and stuff that things like quibid uses aswell as many other features I found annoying on those sites that I thought would provide a competitive advantage.
1) User to user bid transfer allows you to buy bids at wholesale prices and sell them to others looking for only a few bids at a higher cost (you pocket the difference)
2) general affiliate program offering 1 percentage of the bid package cost to the person who referred you.. this is the standard 2 tier affiliate network model.
3) Coupons that give you a discount for word of mouth, internet advertising models.
4) Allow you to purchase the product you are bidding for by offsetting the cost that you put towards bidding on it. (Buy it now feature)
Some of the competition offers these things but none of the competitors offered all of these choices... and with crypto-currency we can lower fees on both sides aswell as help provide marketing for the coin it accepts.. in this case it was devcoin.
I didn't really get it going after months of development because there was no real community there but with bitshares its different.
The reason I like bitshares is it closely aligns with devcoin in that you work to earn. The ability to vote in delegates is what was always lacking in devcoin and being POW it would be hard to add that... so in fact this is the best of both worlds. By being elected essentially it would become the worlds first blockchain funded business based on consensus of the people.
I would like to rebrand the website for bitshares and clean up the interface to only offer bitassets and maybe paypal... so that I don't have to worry about the seperate bid types (I had to do this because devcoins were worth nothing and no market depth, so I seperated auctions based on acceptance of different coins)... however with bitusd/bitgbp/biteur it becomes a thing of the past.
Further more I'm not sure if I should wait for the turing complete scripting as an auction site might be a perfect candidate for a scripting model on the blockchain but I think as a marketing tactic we would create a delegate and fund the products you see on the site via the funds from the delegate... essentially being funded by the community. Because of this there is incentive from the whole community to succeed and the more people that see it, the more people would learn about bitshares.
Fuzzy introduced me to the idea via a PM and it got me thinking, I already did months of coding and it makes sense to not throw it away.
This would start to head us down the fully autonomous DAC road once we have the scripting, but as a start we can use this site as a platform.
landing page:
http://devcoinauctions.com/welcome-landing/site:
http://devcoinauctions.com/It's essentially turnkey.. and I would strip out all of the coin stuff and add in the payment gateway for bitshares and bitshares login and rebrand the graphics with the help of Cass or something else in webgraphics.
So I ask if the community agrees I can make a delegate and develop/support the idea based off of my own delegate dev.sidhujag... all of the funds will go towards maintaining, funding and growing the business to increase market awareness at this critical time.
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