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Awesome. I see interest.
I'm going to sleep on it and if interest continues I may just take a crack at this soon. Seems like it would be simple enough to do.
What kinds of UIAs do you guys want? humorous ones? serious ones? even split?
If we go on a case by case basis, in my opinion, that information will be available on the sales page for the UIA.very good....whatever the configuration, we do need well understood, supported, documented and easily repeatable processesI'm in favor of not having any one standardized way to fund new features.
By standardizing I mean that we have to formalize the process how share-UIAs are created and used.
So far one of the biggest problems for Bitshares has been that many wonderful features lack both technical documentation and newbie-friendly explanations how things actually work.
I do not want that we will repeat the mistake once again. So what we have to do?
We have to design the share-UIA so that it can be used in many ways. There is no need to limit it to be only "20 % forever" or similar. Let it have broad variation of parameters that are set when it is created.
There should be only one share-UIA – I suppose it is the best way, because then we don't need to be hardforking and designing new kinds of UIAs all the time and the blockchain will stay simple. That one UIA just has to be versatile enough.
We have to document with sufficient detail every parameter, so that everybody knows that they are there and what they can be used for.
We have to also explain what this funding model is good for and what it is not. People need to have enough information about the system so they can evaluate their business plans themselves without flooding our forum with stupid questions.
We are going to the uncharted lands. If we want others to follow us, we need to draw some maps for them. So far not enough people have been following us, thanks to lacking documentation. They just don't know where the hell we are going and what there is. That's why I created this thread. I want us to discuss this new system so thoroughly that we can explain it to others and they will become as enthusiastic as we are. They have to see the possibilities we see. They have to be able to fully use every possibility that our system presents for them.
Onceuponatime may soon have nearly $45,000 worth of UIA crapcoin tips in his wallet!
If BTS want's to own all of the stealth transaction fees, then it needs to place a competing bid against NoMoreHeroes. Otherwise let nomorepurchase the feature and get royalties... It's still a massive risk on his part.
There is always the possibility to buyout nomoreheroes if he is ever in the position to sell.
I would also strongly recommend that we open up this deal to "crowd fund" a UIA with a buyback plan. This way onceuponatime can diversify his risk and we can have an "equal opportunity" policy. I don't want anyone accusing us of playing favorites. By being equal opportunity we should auction it off. Raise as much BTS as possible to fund it and then burn the rest. This way the network gets a proper market-determined-price for this revenue stream.
Just some ideas.
Mark me down as in favor of this anonymous lender being allowed to recoup their investment plus a generous amount.
Alternatively, and even better in my opinion, create a UIA, crowdsource the funding, then use future stealth fees to buy back the UIA.
Mark me down as 100% firmly opposed to them having lifetime royalties forever. In fact, mark me down as insulted by the proposal,.
This is so misguided in so many ways. There is absolutely no gaurentee that the investor will recoup his money back. So you want him to to be exposed to all the downside (losing his initial investment) while you get all the upside. How fair is that?
project succeeds and blows up. for 45,000 this person bought millions of dollars from bitshares' profits every year forever.
So what happens when there is a stronger privacy standard? Maybe happens a month later after this one is implemented. What then? He lost all his money. Of course he should get lifetime fees given that there will be always a newer standard in the future that will threaten his lifetime revenues stream.
