If this thread is meant to be a sales pitch directed to BTS holders to raise 75 BTC, something very important is missing.
So far I've learned that your are very passionate about what your doing and I've been told about the technical details of your concept.
But as a potential investor I still don't know what I will get in return for funding your project.
Burning 50% of your fees is good for BTS as a whole but what is the deal for the investor?
That's the problem. If we only have fee burning, the ones who didn't help will also benefit. That's why I suggest paying back to whoever gave donations. Till they have their money back they receive a higher percentage of the profits because of the risk they took. Once they are paid back, this percentage lowers and freebie can get themselves more profit or burn more bitshares or whatever they want to do. People who donated can still continue to get some part of the profits but obviously a lower amount now since they got their money back. So:
People donate 75BTC
x% of profits are to pay back.
y% will be burn
z% will be kept by freebies as profit
with x>y>z
After people get their 75BTC back:
x% are paid as dividends
y% will be burn
z% will be kept by freebies as profit
with y >= x and y>=z. Z and X are to be discussed between investors and Freebieservers, however keep in mind any income from the referral system is already included in these profits Freebie pretend to share with the community so they won't be able to take full advantage of that.
In my opinion, after the 75BTC are paid back, as long as profits burnt are >=50% or higher, everyone from the community will be pleased. Does this seem a big amount? I dont think so since I strongly believe it will take quite a while for the 75BTC to be paid back. That leaves the other 50% to be shared between freebies and investors. This is just a suggestion though. I also understand freebies will take the same amount of time to be paid decently as the BTS community will take to have a higher percentage of profits being burnt so that will probably leave investors with the smaller piece of the pie. However, I dont think that would be ungrateful because not only would this bring in volume to BitShares but it would burn more fees and attrack more people. Everyone wins.
unless it was built by funding from a worker proposal 
Okay so here's my suggested split
10 percent for burning
50 percent for investors
40 percent for fs.
The team will work towards delivering the product in a three weeks time frame. Difference being, our product would be co owned by the community and we'll retain secondary roles of management
Given how current businesses don't work towards transparency and proving of liquidity at all times we strife to be different through making it verifiable via the blockchain. We will be sending dividends on a three hour basis with the collected fees from tx fees on the platform leaving little wait times for dividend issuance. In addition, the accounting of the platform will be x
If we are to do this , our best choice is a UIA, by the looks of it.
Topic: Reducing Bitshares Supply : A different approach (Read 11277 times)
