My idea was to try to have the funds to develop all features included in on only FBA.
As we can't know how much funds we would collect, I was thinking of doing it with milestone. Every X thousands $ we add one feature that have fees with one that don't but increase the overall value of BitShares anyway.
I keep thinking if it's well done, we could easily collect what we need to allow BitShares to take off soon. We will be have all these features one day but the big question is ... will it be too late ?
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I see. I think the milestones can be added via BlockTrades and Openledger, in the form of escrow. As I said earlier, we needed a detailed roadmap + timeline, with fund allocation (how much we are going to spent, on what, for how long and who is going to work on these things). We also need to have some excess funds and set some time breathing room i.e 2-3 extra months.
For example : We publish our roadmap and start the ICO. Openledger, Blocktrades + a few more people do the escrow for us. We hardfork after the ICO is over and we transfer the shares to that committee account.
We could either give BitShares to the participants straight away or a BitShares IOU. Why an IOU? Because not all funds are going to be spent and the escrow will still exist, people will be able to exchange their IOUs for BitShares gradually. For example if the roadmap states that the developement is going to last for a year, then people will be receiving BTS over that period. So even if the development stops (I hope it doesn't), for any reason, then at least people can get their BTC back.
This is just an idea. I bet there are many things that we could improve to make it work and get people to join. The CO has to happen and I guess it will happen one way or another. We might have to do stealth first, implement it successfully and then people might be more willing to get in a bigger CO (even if I wouldn't prefer a smaller and then a bigger CO).
I would like to see Rate limited fees, Autobridging, Maker/Taker, Negative Fees, Smartcoin Park rates, Bond Market, MetaTrader Integration, Trading Bots first and then Stealth and possibly sidechains. I made this post to say why I don't want them, but if the community thinks it is fine to add them and everyone agrees then I will step back and I will still join the coin offering. I would also like to see improvements on the voting mechanisms based on the Dash voting model and I definitely want to see contracts being implemented.
We need to act soon. Waves are a direct competitors, of unknown quality, however they have 16MUSD and they can definitely learn from the past mistakes of each crypto... For the features I mentioned we need about 300.000$ to 500.000$, if we consider the work needed to be done on the GUI.
If we haven't done all this in the next 1 to 1.5 years, then I am afraid we are done...