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RE: BitShares Hangout #33 - 2017-08-11 - OpenSource Agenda [WhaleShare/Beyondbit Payouts Powered by SP!]
my idea for the day is the following:
What if BitShares used its tokens to buy into new "ICO" tokens that give it bonuses. Maybe even give the incentive for projects to sharedrop on bitshares as a prerequisite to getting funding.
So lets say, for instance, that bob would like funding for his project...
Bob goes to the BitShares DApp Alliance and pitches a new token for this project giving links to content already made on the idea as well as a presentation that includes funding requirements and how much they will sharedrop on bitshares if they reach funding goal.
This accomplishes a few things of value for bitshares:
- Tokens consistently being sharedropped on another "target" token creates upward buying pressure (which helps negate downward sell pressure if project is paid in bts)
- Instead of worker proposals to do basic work, we open up the free market by paying projects that reciprocate with their own tokens. Payment for the projects will be able to include additions/needed fixes to the chain required for the project to most likely succeed
- Help us invest in potential competition to hedge in the case that a more valuable system emerges. Why not have a hedge?
Just want to add some.
Why only fund projects?
Why not participating in some commercial projects with theirs respective budgets?
Let's make it possible to hire Bitshares for some outsource. We have pretty much human resources here, why not get paid for some of our time and effort?
Of course anyone can settle it's own corporation atop of Bitshares and fund his own projects, hire stuff, manage github boards - but all we need here is a budget to create workers for it's items - and talk out loud we are hiring some devs or pm's or r&d's
And of course all sharedrop and other conditions should be concluded first and before a project start.
I look forward to your progress, I know may of the top programmers in the world.
Thats a good idea too :)
yes it is
im listening :)
@officialfuzzy, once i get a budget on hands i'll make some noice here and will apply for (human) resources for paid tasks and even positions in our project.
Graphene chain is our target (specs not yet public).
Suppose it will happen in weeks, not months. The Idea is a "Production DAC" basically, with full time positions for PM, SW architect and a 2-3 dev leads (core+backend+frontend), all atomic tasks are estimated and available for bounty. All development process is on github and goes public, while moderated. Nothing new here except for the DAC thing. And a share drop.
Of course we will bake a multi-sign account for investors (board of directors actually) and a token for shares to be bought by these investors. But them should be whitelisted.
This approach provides Bitshares community a possibility to take part in the development process and do all job in most efficient way - both from costs perspective and from architectural one - graphene chains should become our main (and perfect) product made for export.
Bitshares as an entity should teach itself to hire devs, and to produce valuable products to stay competitive on the external markets not only in the fin-tech field.
PS:
The explained model is only one possibility and is actually my current case.
It is clearly understood that this approach could be extended to an ecosystem funded projects without "external" or "dedicated" investors (customers) but natively being a Bitshares projects grown from the community ideas and input.