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I am happy with the 8k brownie pts I have received which I guess is not much since the inflationary "late days of brownie points". Did I work more for BTS?@38PTSWarrior .. want to guess how much I received?
I am curious and also curious if you feel you have received close to 100Brownies/hour of unpaid work.
I dont want anyone feeling screwed over if at all possible and im sure bm feels the same.
https://bitcointalk.org/index.php?topic=1262688.msg13101024#msg13101024Crowdsale is live https://bitcointalk.org/index.php?topic=1262688
Why would these tokens have value to encourage people to buy them? On the other hand if its a donation then I can understand.
Because it's the first cryptographical token ever that is suited for IoT, the biggest technological market in history. No it's not a donation, donations does not work, it would undermine the economy.
Isn't the difference between something like Open ledger and the feature investor that open ledger can easily be replaced by something that does better marketing because it has a better wallet etc. (-> OL is on the business layer) and the feature is hard coded into bitshares and guarentees to generate profit from EVERYONE that uses that feature (no need to innovate more like OL has to to keep the profits coming).This is my theory:In order to get a sense for whether this is a good deal for BTS holders , it would help to express the deal in known terms/concepts. I hope others can help to make the below more accurate:
The suggested deal offers a funding for a 75% royalty until the investment is recovered and a 25% life long royalty once the investment is recovered.
Does anyone know what (more or less) "standard" funding conditions for royalty deals are?
The royalty is basically a third option for compensation of the opportunity costs of capital besides interest (loans) or equity. Background: https://en.wikipedia.org/wiki/Revenue-based_financing
This assumes you frame it as a "royalty" instead of a tenant business renting infrastructure on our "shopping mall" platform.
When a business based on recruiting new customers (e.g. OpenLedger) moves onto our platform, the system gets 20% and the business gets 80% for life.
When a business based on adding a capital improvement (e.g. stealth transfers) moves onto our platform, should they get anything less? (Keep in mind, we want that business to continue to be profitable so it can afford to grow that business with new features and promotions.)
If we want to encourage businesses of either type to flock to our platform (growing its network effect and generating fees and attracting users for every other member business) we can't make the rent they must pay too high and certainly not 100% after some period of time.
In the end, charging 20% of earnings for use of our platform seems reasonable and something most investors would view as fair.
A flat 20% is what we have done for share drops.
A flat 20% is what we have done for referrals.
A flat 20% is probably the right answer for tenant businesses.
If you want to maximize the number of tenant businesses.
But there has to be an end date so that bts share holders can make money from it in the future.
But that's the beauty of it -- BTS shareholders do profit from it, by getting exponentially improved features and a flood of new users who are drawn to BTS by the new features. So I'm also in the lifetime revenue camp; no end date necessary. It really does seem to be win-win-win all around, and I feel this could prove to be the most exciting BTS development in a long while.
In order to get a sense for whether this is a good deal for BTS holders , it would help to express the deal in known terms/concepts. I hope others can help to make the below more accurate:
The suggested deal offers a funding for a 75% royalty until the investment is recovered and a 25% life long royalty once the investment is recovered.
Does anyone know what (more or less) "standard" funding conditions for royalty deals are?
The royalty is basically a third option for compensation of the opportunity costs of capital besides interest (loans) or equity. Background: https://en.wikipedia.org/wiki/Revenue-based_financing
Thanks!Here is how I described "our" WHY, inspired by spending about two years surrounded by ideas and the persistence of Daniel and many others here. It took a long time to to really stand behing them. If one changes perspectives too quickly he probably never has an own perspective. So stay persistent
WHY
We are convinced that hierarchical structures in the form of states and the explicit and subtle form of violence associated is not the only possible (least evil) way to "run society". We are concerned about what technology can do in the hands of centralized power (surveillance). Yet at the same time technology has the potential to make possible a peaceful revolution providing a more effective and less violent way to coordinate interests and regulate society.
Blockchain technology has the potential to not only disrupt the financial industry but to reduce the need for governmental regulation to protect citizens.
Disrupting the financial industry needs a wider vision about what technology can do for society and in which way it can take over functions of the state because the financial industry and the wider financial and monetary system are explicitly bound to and a part of the state.
It would be fatal to ignore reality if you are serious about the purpose of freedom: In order to have a lasting effect blockchain solutions have to be designed for the masses which implies high scalability, an intuitive user experience (simplicity) and an approach that pays respect to existing regulatory constraints. We are committed to profitability and maximizing capital efficiency in order to reach our goals with the necessary endurance and capital.
+1000 Very well written
Considering that I only earned about 30k working for BTS for 2 yrs, I don't think locking 1M shares up is actually "worth" 50k BROWNIE.PTS .. </opinion>
besides that, I like the idea ... but wouldn't want to be put on a "list"
