RE: Business Plan competition V2: You must sell a service and you must incorporate a token into the design- 500 Steem and 1000 ENG prize pool.
I am such a huge fan @aggroed and everything that you have done for the Steem blockchain. I have been toying with this idea for a while now and actually was waiting for Smart Media Tokens to launch, but you and the guys beat STINC to it and launched Steem Engine which is amazing (I've done a lot of reading and testing).
I, sadly, haven't had the funds to launch my own token yet, so you can imagine my delight when I saw this competition you're running. My entry can be found here: https://steemit.com/steemengine/@beggars/business-plan-v2-competition-entry-unused-gift-card-marketplace
I have nothing to fear sharing my idea with anyone else. Competition is good and no idea is unique. There are already sites similar to the one I am proposing, nothing Steem specific though. And let's face it, ideas are worthless and execution is priceless.
The idea I have will initially require one custom token, which will be the main currency on the site and then shortly thereafter, another token will be created as a pure reward based token for using the site (similar to how you earn STEEM/SBD from upvotes here on Steemit).
My fingers and toes are crossed.
This is the reason I'm not freaked about sharing ideas. The idea doesn't really matter by itself. The day to day, keeping leaders, community members, devs, and customers engaged over long periods of time is where longevity and profit are derived.
If the idea really is radical and revolutionary there likely wouldn't be enough folks to get it anyway to be a competitive threat.
Precisely. I think people sometimes get caught up in their own ideas and think they're going to change the world or be stolen. I am not ashamed to admit maybe 7 years ago I kind of thought like this. I built things in secret because I was so afraid of my ideas being stolen.
I actually discovered later on that telling people your ideas and as many people as possible leads to a better end result, as your feedback pool deepens substantially.
There is a reason most companies and venture capitalists refuse to sign NDA's from starry eyed start-ups and developers, because nobody makes an acquisition or investment into an idea.
.....i see your logic, now see mine.
If your idea is already a few steps ahead, its fine to share.
No idea is unique , everyone ispretty much doing everything .
However, from experience, its best to speak with private investors and keep part of your plans secret until you're good to go.
There is a reason companies secure patents before releasing a product .
Running a business is hard, especially when one has little cash
If it were $1m up for grabs, then i would be inclined to risk sharing it to the world.
Hey @aggroed
No stress, buddy. Just curious if this competition has been drawn yet and a winner announced?