Author Topic: [Announcement]BitShares PLAY Crowdfunding  (Read 14912 times)

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Offline biophil

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So... January 5 to February 2, yet another period in which BTS will not go up, because the bitshares community is spending their money on yet another crowdsale instead of buying BTS.

Spoiler for you: it won't be money from the BTS community that drives up the price. Who here isn't already all-in on BTS? We won't see major increases in the BTS price until money starts coming in from outside.
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Offline Ander

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So... January 5 to February 2, yet another period in which BTS will not go up, because the bitshares community is spending their money on yet another crowdsale instead of buying BTS.
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Offline fuzzy

Is it safe to say that this would be a good topic for the next hangout? 

Before we agree to bring it up, however, it is important that we say one thing:  If you have a complaint about how something is done, as opposed to trying to simply put it down, try to find a better alternative. 

For instance,
I think a crowdsale using bitBTC/bitUSD/bitCNY is a GREAT idea.  It helps with the problem Toast sees, which is everyday users who do not yet realize how many BitShares chains there are going to be, saying "why is bitshares always doing crowdsales?  haven't they done ____x already?" because then these people actually have to enter into the bitshares ecosystem to send money to the project.  In this process it becomes apparent you are sending to a separate project outside the bitshares flagship DAC. 

   

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Offline cube

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If you are going to do a crowd sale it should be in BitCNY / BitUSD.   BTC is nice and liquid but is volatile and doesn't help the ecosystem nor help advertize the advantages of your base platform.

All of that said, I think you are much better off avoiding the crowd sale all together and returning all funds received.   From a regulatory perspective it is just too messy and adds unnecessary risk when we now have the option of funding via delegate pay.   In fact, from a regulatory perspective it would be wiser to launch a simple token like PTS and allocate 20% to you to sell as necessary to fund your operation and then upgrade. 

Delegate pay should also be a means to fund operation.

I do understand that BTC is a good crowd funding system because it can attract NEW money from OUTSIDE BTS which is much more than attempting to attract money from INSIDE BTS.   In fact raising money in BitUSD would probably result in them dumping all the funds raised for BTC so they can sell for CNY and fund operations.   So whether we do it or they do it, BTS must be dumped to invest in PLAY unless the developers of PLAY have incentive to hold BTS.

BM has highlighted the regulatory risks with crowd funding and it is wise to avoid it.  There are other ways to fund the project without getting into trouble with the law.
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Offline matt608

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BTC is a better way than BTS or bitUSD for crowdfunding, because there are far more BTC users than BTS. Basically, if you are only a BTS holder, you don't need to invest PLAYSHARES, because PLAYSHARES will be distributed to BTS freely.  These 20% of PLAYSHARE is targeted more to BTC users, IMHO.

 +5%

The more funds Play raises in the crowdfunding found, the more the sharedropped stake on BTS will be worth.  Not much investment will come from BTS as we already have a big stake, but lots of support will come from us.  Lets support the crowdfund to help PLAY get enough funding to be a success.

Join up to the forum on http://playtalk.org

sumantso

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BTC is a better way than BTS or bitUSD for crowdfunding, because there are far more BTC users than BTS. Basically, if you are only a BTS holder, you don't need to invest PLAYSHARES, because PLAYSHARES will be distributed to BTS freely.  These 20% of PLAYSHARE is targeted more to BTC users, IMHO.

BTS holders are the primary ones who will be contributing. Besides, making BitUSD allows to avoid reduce tax hassles and also contribute to improving the peg and adoption.

Offline kuwaitee

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BTC is a better way than BTS or bitUSD for crowdfunding, because there are far more BTC users than BTS. Basically, if you are only a BTS holder, you don't need to invest PLAYSHARES, because PLAYSHARES will be distributed to BTS freely.  These 20% of PLAYSHARE is targeted more to BTC users, IMHO.
+5%
+5% 8)

Offline joele

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BTC is a better way than BTS or bitUSD for crowdfunding, because there are far more BTC users than BTS. Basically, if you are only a BTS holder, you don't need to invest PLAYSHARES, because PLAYSHARES will be distributed to BTS freely.  These 20% of PLAYSHARE is targeted more to BTC users, IMHO.
+5%

Offline jwiz168

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BTC is already synonymous to cryptocurrency . But we want to have Bitshares to be known to all digital asset investors audience. Specially the gaming industry where Playshares will be at focused. Bitshares has the platform to convert fiat to BTS via BTC.  This is the way to make bitshares client actively doing the exchanges. It's fast and decentralized. Many will realize and appreciate how fast and secure DPOS can be. Transactions between DPOS blockchains are seamless and as most developers of Bitshares platform are convincing all along eliminate the middleman.  I don't mean to change the plan of BTC crowdfunding. Im just convinced that for Bitshares to potentially have much advantage over BTC  when crowdfunding occur with the same DPOS platform. 

Offline ripplexiaoshan

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BTC is a better way than BTS or bitUSD for crowdfunding, because there are far more BTC users than BTS. Basically, if you are only a BTS holder, you don't need to invest PLAYSHARES, because PLAYSHARES will be distributed to BTS freely.  These 20% of PLAYSHARE is targeted more to BTC users, IMHO.
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Offline kickky

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1/130000 = 0.0000076923 btc

my questions is 1 pls seems to be worth a lot less with 20 billion.

so if ppl donate for the crowdfunding, it's more likely that they will not gain profits? am i rite?
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Offline islandking

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This sucks...won't send a penny to you.

Mitao will piss in anyone cheerios on any day and provide no reasons.  I have come to see him as a true gem in this community.  Follow his cryptic words of wisdom, taste the urine as you crunch another spoonful into your mouth...or just ignore him :)

Haha! Interesting analogy.
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Offline fuzzy

This sucks...won't send a penny to you.

Mitao will piss in anyone cheerios on any day and provide no reasons.  I have come to see him as a true gem in this community.  Follow his cryptic words of wisdom, taste the urine as you crunch another spoonful into your mouth...or just ignore him :)
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Offline clayop

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Is DACX reliable? Remember an example of Syscoin; they got screwed by moolah and long and wasting law case is still on process.

Regarding technical problem of TITAN, I partially agree on this. But I still believe that accepting bitCNY or bitUSD is better than BTC if the problem can be solved or abated.
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Offline mitao

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This sucks...won't send a penny to you.