Author Topic: Millions of Features, Features for Me!  (Read 14446 times)

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Offline puppies

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Offline bytemaster

There are far too many opportunities out there and prioritizing new features for BitShares becomes very challenging.  Polls/Voting, etc are not good means of prioritizing. Profit is perhaps the most important means of prioritizing.

So I would like to take some time to outline a plan I am devising for getting features lined up and prioritized based upon the concept of Fee Backed Assets (FBA).  For each of the following features I will create a UIA that represents stake in the future fees generated from that feature.  Community members / "investors" can place bids in an open auction to buy stake in these features.   These bids will represent current demand for the feature and help establish a price.   Once the price and depth get to a level that we feel justifies building the feature, we will sell the UIA into the buy wall.    We will keep the proceeds of this purchase locked up until the feature is delivered.  When the feature is delivered, the UIA will be converted into a FBA and the proceeds of the sale will become our private property.   

In addition to creating the UIA we will also create a corresponding worker proposal that is symbolic of shareholder support for enabling the feature.  The worker proposal must be funded before we will sell into the buy wall of the UIA.   

BitShares stakeholders will now have price information that indicates how the market values each potential feature.  This price information can in turn be used to inform them on which features they should vote for.   A highly valued feature means that the market believes that feature will generate significant ROI and therefore be profitable for BitShares holders. 

As a company, Cryptonomex is interested in working on the most profitable features.  Those features that we can sell for the highest price will get the highest priority. 

Examples of features for which we will be creating a UIA and/or worker:

1. Bond Market (Poloniex Style Lending)
2. Prediction Market (Auger Style)
3. Ethereum (or something similar) VM integration
4. Liquidity Incentivisation
5. Gambling Systems

The assumption for all features is that a working reference GUI will be provided to make the features accessible.  Each feature will be fully documented with a detailed design complete with UI wireframes prior to Cryptonomex taking any money.  We want to ensure that the community knows what they are bidding on and to maximize the price we can get for each feature.   Bidding can start early (prior to detailed documentation), and users can cancel their bids if they change their minds prior to us locking them in.   

So to get this started, please place your bids for the MAKER asset which will earn 20% of all liquidity incentivization rewards if the Liquidity Incentivization proposal is approved and executed.  Lets see how the community actually values this potential feature and then move on from there.

For the latest updates checkout my blog:
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.