Quote from: kuro112 on November 15, 2015, 09:50:13 pm

Quote from: Empirical1.2 on November 15, 2015, 09:13:12 pm

Quote from: ccedk on November 15, 2015, 04:47:51 pm

Have a heart - Social tipping ShareBits.io makes real-time donations “a walk in the park”!

When you tip are required to pay the standard BTS transfer fee?
Also presumably to claim it, the receiver would have to pay the standard BTS transfer fee at least once to send it to an exchange?

both correct, however the account is a lifetime account, the network fee is still charged, but the fees paid by the user on claim are distributed to share holders as dividens.

I think it's a good initiative Social tipping really helped Dogecoin gain a great deal of traction.

Business Question

The market leaders appear to be Dogecointip & Changtip.

The average Doge tip size appears to be <$0.3. https://dogetipbot.com/
(You can see real time reddit tip sizes here for example -  https://www.reddit.com/user/dogetipbot )

There is also Changetip. Their 'Tipworthy service' seems to suggest $0.25 as the standard tip.  https://www.changetip.com/

How does ShareBits.io hope to compete when round trip fees are higher than the average size of social tips?

Wouldn't the transfer fees need to be considerably lower to help spread BTS via social media sharing, tipping & donating?

thats a great question, currently we believe this platform will be powerful in markets other than the primary 'tipping' industry, we aim it at money remittance and crowdfunding and therefore the average tip size of those services to not necessarily affect our business model - that being said your mostly correct, the round trip fees are somewhat high and we are working with the bitshares community in hope of having the fees reduced in various ways, for example an IOA asset with the fee pool payed, also the bitshares primary client may see reduced fees soon, allowing a service like ours to succeed with no real changes.

tldr:

if some one is tipping that low your correct for now, but our business model should not see tips or shares that low.

we are working on ways to lower the fees and will keep the community updated.

The person you tip, donate to or share with probably will be new basic user and will have to pay the standard transfer fee to claim/send their funds to an exchange, no?

fees will be shared betwene the sender (required to send it to us) and the person who claims the tip (tx fee to withdrawal to their wallet)

however fees can be avoided completely by never withdrawing and using the coins within our system.

Quote from: ccedk on November 15, 2015, 04:47:51 pm

Have a heart - Social tipping ShareBits.io makes real-time donations “a walk in the park”!

When you tip are required to pay the standard BTS transfer fee?
Also presumably to claim it, the receiver would have to pay the standard BTS transfer fee at least once to send it to an exchange?

both correct, however the account is a lifetime account, the network fee is still charged, but the fees paid by the user on claim are distributed to share holders as dividens.

Quote from: kuro112 on November 15, 2015, 01:12:00 am

Quote from: tonyk on November 15, 2015, 01:03:32 am

Quote from: kuro112 on November 15, 2015, 12:50:37 am

1)
were selling 80% of the fees, distributed as such:

55% to shareholders
35% to ccedk
10% to beyond bitcoin

the other 20% covers bitshares network fees and any remainder is allocated to shareholders.

250k ShareBits shares are issued, we are are selling 50k of the 250 for this crowd funder, the amount were asking for is 9 thousand usd

this puts the valuation at roughly 50 thousand usd.

This is some fuzzy math...no pun intended.



   9K / (20%*80%*55%)   is still 102K -ish, just  as before.

that makes no sense at all?

35 + 55 + 10 = 100

20% of that goes to bts fees...

whats not clear here?

I cannot easily tell what is not clear to you...let's take it slow

50K/250K = 20%
20% of 55% is 20%*55%
80 % of that is 20%*55%*80%

9000/(20%*55%*80%) = 102,272.7272 valuation

i mean heck we would totally take a 100k valuation but your math is a bit off,

20% of 55% is 20%*55%
80 % of that is 20%*55%*80%

20 % of 55% what? where are you getting this?

 anyway could you not derail this thread? im sure people want to discuss the topic

if i did the math correct you are selling 11% of the fees is this correct?

so the project ist worth 100.000 USD?

so, what i miss is the businessplan. so will tipping in the future cost something? or where are all the fees are coming?

2. for what do you need the money?
3. how much was put in from the founders?

1)
were selling 80% of the fees, distributed as such:

55% to shareholders
35% to ccedk
10% to beyond bitcoin

the other 20% covers bitshares network fees and any remainder is allocated to shareholders.

250k ShareBits shares are issued, we are are selling 50k of the 250 for this crowd funder, the amount were asking for is 9 thousand usd

0.18 per sharebit

this puts the valuation at roughly 45 thousand usd.

2) this is the breakdown as such:

Work so far: 40~ hours @ 60$ / hour: 2400
Work planned: 40~ hours @ 60$ / hour: 2400
Server Cost for 1 year: 1200$
Ongoing Maintenance Costs ~20 hours per year: 1200
Additional Features for CCEDK ~30 hours: 1800

Total: 9000


work so far:

forum crawler bot
web front end
custom images / logos
misc maintenance

work planned:

reddit (done)
twitter (done)
facebook (done)
mumble (done)
disquis
medium
other social media platforms

additional features for ccedk:

fiat integration
open ledger api support
ccpayt integration


3) 2.4k usd from the founders was used to pay for 40 hours of development.

give it a shot now @monsterer  @fav

Quote

Not Found

The requested URL /Electron/Transactions was not found on this server.

Apache/2.4.7 (Ubuntu) Server at electrons.io Port 80

the server its on is actually IIS so no clue what your getting there?

Quote from: fav on November 12, 2015, 02:06:13 pm

I think the bot died

Did he take hostage?
Was it a headshot?
Did he lose some collectable inventory as he died?

it was a m-m-m-monster kill (kill) (kill) (kill)