With a hat-tip to the WeTube Alternative DAC threads...
It is also my opinion that the persons who do most of the efforts should be the initial shareholders of this company, just like it happens in the real world. Do you imagine Steve Jobs doing what he did knowing that he had only 0.0001% of the company he just created? No, he had a good share because he took the risks and has the ideas (it is irrelevant if after some years he sold them).
...
So I propose something that would not like very much to speculators, but certainly will motivate programmers and serius investors to do serius work here.
...
Because I know that there are people who want to invest but don't have any skills to contribute, we can also create a ProtoMediaShares, similar to what Protoshares is, that could be converted to WeTube DAC's shares at the launch, at some proportion. We are open to this proposition if we still give programmers something like 3/4 of the total initial shares. But some shares could be given to miners-only with a moral condition: please promote WeTube!
...
And what part of the stock do we reserve for programmers and miners? I propose 10% for programmers and 2.5% for miners. The 87.5% left is reserved for workers to be earn slowly once the system starts running. 10% is really a lot if we consider that this DAC could become the next Youtube.
Here is some innovative proto-DAC thinking that deserves to be highlighted outside its home thread. I'd like to see more discussion about "acceptable" ways to motivate and enable more developers to develop more DACs. After all, we as ProtoShareholders now have a vested interest in seeing lots of high-quality DACs fielded and backed by strong teams of developers willing and able to see them through to stand-alone autonomous operation.
Proto-DACs would seem to be a way to attract DAC-specific investors and developers the same way ProtoShares attracts global visionaries and industry leaders.
I'm calling it to the attention of the DAC Angel community and would like to hear thoughts about how ideas like this can increase the value of the PTS we currently hold.
The problem I have with this (WeTube) model (which I've expressed in other threads) is that you end up with a centralised team of developers who are linked to the project both financially and through their knowledge of how the system works (this wouldn't be a problem with any DAC not doing anything consider to be illegal by the real world). I know I know "we need coders", well to be honest I think we've probably got enough of them in the cryptocurrency world, it's not exactly the kind of stuff average people can get their head around (can you imagine your parents setting up a mining rig?)
I think it would be best to set bounties for specific tasks required to make a working implementation which can be tweaked by the community. This would require careful coordination between the share holder community with their needing to be much discussion on a public forums and their being democratic processes to ensure everyone has an equal say.
So to break it all up the process should be pretty much as described in "DAC's That Spawn DAC's". An idea is identified, we decide a cryptocurrency might be a good way to express the value of this idea with the intention of fully crediting anyone holds the currency being entitled to a proportional stake in any DAC that is implemented as result. A coin just "happens" to appear which has a similar sounding name to what it is we are trying to do and we use that. At the same time someone creates a forum which provides information on a hypothetical DAC system which is used for creating a exploring and testing ideas associated with the final goals of the DAC. If others feel it's a good idea they will (hopefully) buy shares and the value of this shares will rise. That will give early adopters of the currency capital to use for paying bounties. Further capital could be acquired by protoshares holders who believe the dividend return will be high enough and have the cash available to invest in developers/marketer/whatever is identified to get the job done.
I'd like to (once again) make it very clear that I like the idea of WeTube but I feel these issues should be addressed before we start thinking about how the system works (that's the fairly easy part really, gaining support, a way to generate payments to the creators of the works and avoid legal issues will be the challenge). I also feel these questions I'm raising aren't being addressed adequately, hence why I keep going on about them.