Title: [PRE-ANN] RadioShares: Dividend Paying Common Stock via crypto-currency Post by: alatvian on January 06, 2014, 02:53:32 AM This expands on the idea I first saw in ProtoShares, where the digital "element" is not viewed a currency or a commodity, but rather a something more analogous to a share of stock in a company. Holders of those shares would be periodically paid a dividend (probably in a digital currency like BTC or DGC) based on the profit of the company for that time period.
As with common stock, this provides two things: a) income for the shareholders in exchange for risking their up-front capital, and b) capital for the business. Unlike common stock, however, these shares are constantly springing into existence via the normal mining process. To fix this, my company, 6th Street Radio, will pay dividends based on profit divided by the total shares outstanding. Shares outstanding include any share not owned directly by the company, which would include any shares mined by outside sources. The company would also periodically have a buy order for a large number of shares at a set price to provide additional incentive. Some of my original notes from the idea:
I'm asking for comments and perhaps help. I'm a software engineer, and I've already started playing with protoshares' fork of the satoshi code. I've generated a genesis block and am testing to see if my minor code modifications will work if released into the wild. I'll post the code publicly as soon as I have something stable to release. Title: Re: [PRE-ANN] RadioShares: Dividend Paying Common Stock via crypto-currency Post by: freet0pian on January 08, 2014, 09:29:56 PM Whoop! More of these!
Title: Re: [PRE-ANN] RadioShares: Dividend Paying Common Stock via crypto-currency Post by: MoneyJ on June 14, 2016, 04:14:47 AM Interesting ... sha-3 proof of work but this has been old...
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