Quote from: stuartcharles on October 24, 2014, 08:34:52 AM

Quote from: Rune on October 24, 2014, 04:01:54 AM

Quote from: alphaBar on October 24, 2014, 03:56:17 AM

Quote from: yellowecho on October 24, 2014, 03:50:53 AM
I3 needs to be disbanded and everyone on the BitShares team (including devs, marketing, partners, etc) need to signup as delegates so they get paid and we can vote on performance.

Has anyone stated whether marketing/development funds will be used to vote for I3 delegates (or others)?

I think once the initial marketing push is done, and the entire team is integrated as delegates then the funds will be burned to return them to shareholders who are currently the rightful owners of those funds.

I3 delegates will not have to worry about votes, there is zero economic incentive for a stakeholder to not have them employed.

Development shares will be burned? Is this your opinion or has it been discussed/proposed somewhere? Point me in the right direction i would like to join that thread.

Precious contributions donated to us to grow the industry will be used for the purposes for which they were entrusted to us.
They were given to us by those who trusted our judgment. Dusting them across all shareholders at some later date by thinly spreading them like ashes in the wind that no one could even detect wouldn't be very good judgment would it?   :)

Quote from: Rune on October 24, 2014, 04:03:59 AM

Quote from: oco101 on October 24, 2014, 04:01:38 AM

Quote from: yellowecho on October 24, 2014, 03:50:53 AM
I3 needs to be disbanded and everyone on the BitShares team (including devs, marketing, partners, etc) need to signup as delegates so they get paid and we can vote on performance.

I agree generally but I have a problem with this scenario,i.e  it will be really tough to evaluate how good a developer is, or how productive is. I prefer to vote for a delegate(Bytemaster) that will be in charge of a team of devs instead to bother how good each developer is. In my opinion this is much more efficient. How many shareholders will even take the time to vote for one dev now imagine if they have like 50 or more ?

When you vote for bytemaster, you will be voting for his entire slate, which will be his team and whoever else he thinks are profitable for the DAC. This has both the advantages of enabling you to vote for an entire team, AND additionally you have the ability to transparently audit and downvote any individuals within the organizational structure that you don't agree with having on as delegates.

+5%

Quote from: stuartcharles on October 24, 2014, 08:34:52 AM
Development shares will be burned? Is this your opinion or has it been discussed/proposed somewhere? Point me in the right direction i would like to join that thread.

Na ... I think people are mixing things up here .. AFAIK the only shares that are "burned" are some of the DNS shares (mainly toast's "money") to "fixup" the distribution ..

https://bitsharestalk.org/index.php?topic=10368.0
https://bitsharestalk.org/index.php?topic=10446.msg137278#msg137278

Discussion:
https://bitsharestalk.org/index.php?topic=10392.0

Quote from: Rune on October 24, 2014, 04:01:54 AM

Quote from: alphaBar on October 24, 2014, 03:56:17 AM

Quote from: yellowecho on October 24, 2014, 03:50:53 AM
I3 needs to be disbanded and everyone on the BitShares team (including devs, marketing, partners, etc) need to signup as delegates so they get paid and we can vote on performance.

Has anyone stated whether marketing/development funds will be used to vote for I3 delegates (or others)?

I think once the initial marketing push is done, and the entire team is integrated as delegates then the funds will be burned to return them to shareholders who are currently the rightful owners of those funds.

I3 delegates will not have to worry about votes, there is zero economic incentive for a stakeholder to not have them employed.

Development shares will be burned? Is this your opinion or has it been discussed/proposed somewhere? Point me in the right direction i would like to join that thread.

Quote from: Rune on October 24, 2014, 02:36:22 AM
I3 needs to be disbanded and replaced by delegates. I'm sure bitshares itself will be like bitcoin and have many CEO's  ;)

I agree.

Quote from: Stan on October 24, 2014, 04:24:26 AM

(although Toast has become his own celebrity as well.)  :)

BitSharesTOAST was always the best name proposal for DNS  ;D

Quote from: sumantso on October 24, 2014, 04:11:11 AM
I think there should be two sets - one block producing set of delegates, and another set for decisions, development, marketing etc. While ordinary delegates are under strict non-centralization rules, the 2nd set can collude, form teams, ask for larger funding, hire their team etc.

Since the new BTS would include the features of VOTE, many of those decisions can be implemented via consensus using the blockchain.  So as a community, we could vote on an idea just as we do delegates.

Quote from: Stan on October 24, 2014, 04:31:10 AM

Quote from: sumantso on October 24, 2014, 04:26:42 AM
Stan, when is the announcement going to be? Are you guys waiting for the rest of the buy walls to be eaten?

I don't make announcements.
I just try to explain them.

:)

Hah! That actually made me laugh out loud.

Quote from: Stan on October 24, 2014, 04:31:10 AM

Quote from: sumantso on October 24, 2014, 04:26:42 AM
Stan, when is the announcement going to be? Are you guys waiting for the rest of the buy walls to be eaten?

I don't make announcements.
I just try to explain them.

:)

lol lol +1

Quote from: oco101 on October 24, 2014, 04:23:22 AM

Quote from: Stan on October 24, 2014, 04:08:44 AM

Quote from: oco101 on October 24, 2014, 04:01:38 AM

Quote from: yellowecho on October 24, 2014, 03:50:53 AM
I3 needs to be disbanded and everyone on the BitShares team (including devs, marketing, partners, etc) need to signup as delegates so they get paid and we can vote on performance.

I agree generally but I have a problem with this scenario,i.e  it will be really tough to evaluate how good a developer is, or how productive is. I prefer to vote for a delegate(Bytemaster) that will be in charge of a team of devs instead to bother how good each developer is. In my opinion this is much more efficient. How many shareholders will even take the time to vote for one dev now imagine if they have like 50 or more ?

You can have your cake and eat it too!

Every elected developer has a decentralized means of support. 
Funds do not need to flow through any centralized point of interdiction.
But these independent entities can work together and self-organize as tasks come and go.
They have different skills and some of them are current/future leaders.

So, the day to day activities of the Virginia team might not change much at all.
Just who they are all ultimately responsible to - the stakeholders.

Meanwhile, think of the new talent that will attract.
Everybody will be competing to stay in the top 101.
So we have built-in motivation to be transparent and accountable.

And, yes, the endorsement of respected leaders who need the help of lesser known key talents will help them stay elected too.

Why not vote i.e for 1 delegate that represent team devs(I.e bytemaster) if the stakeholders trust him they will give the funds that bytemastes consider fit ? . That will take just one delegate spot instead of 50. So you could have 1 delegate for marketing and so on. 101 delegates spots  may be not enough to cover all the needs of the superDAC.

Let this Sh*t begin..!

Quote from: sumantso on October 24, 2014, 04:26:42 AM
Stan, when is the announcement going to be? Are you guys waiting for the rest of the buy walls to be eaten?

I don't make announcements.
I just try to explain them.

:)

Quote from: oco101 on October 24, 2014, 04:23:22 AM
Why not vote i.e for 1 delegate that represent team devs(I.e bytemaster) if the stakeholders trust him they will give the funds that bytemastes consider fit ? . That will take just one delegate spot instead of 50. So you could have 1 delegate for marketing and so on. 101 delegates spots  may be not enough to cover all the needs of the superDAC.

I predict that is exactly what will happen as competition for each slot heats up.

Gee, you and I just got demoted to positions 103 and 105.  Let's team up!

Quote from: linyibo010 on October 24, 2014, 02:33:41 AM
I3 need to hire a CEO,
To manage III,
To plan the development of the company and promote market.
AS investors,we can have more confidence.
Anyone think so?

You missed the memo.

Bitshares is changing the very nature of corporations.

Bitshares will be an autonomous corporation that hires employees by shareholder vote.  There will be no more need for I3 once this is ready.

Stan, when is the announcement going to be? Are you guys waiting for the rest of the buy walls to be eaten?

Quote from: Riverhead on October 24, 2014, 04:13:54 AM

Quote from: sumantso on October 24, 2014, 04:11:11 AM
I think this will put too much pressure on delegates. What if somebody has the skill and resources to reliably produce blocks but lacks in making decisions, deciding on future and vice versa.

Think of a delegate in politics. They have a staff. I can see a delegate being the front person but behind them are IT folks and business analysts.

Precisely.  The Toast + ABL Delegate Team is a prime example (although Toast has become his own celebrity as well.)  :)