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Title: How can coin developers get paid
Post by: slothbag on March 05, 2014, 11:01:51 AM

I'm just going over some options of ways a crypto-coin developer can earn some money for their hard work and potentially keep them incentivized to continue working on it.

So which of the methods below are more acceptable to the crypto community?

Developer allocates 100% in the genesis block to themself, keeps a portion and promises to distribute as they see fit
Developer allocates a small % in the genesis block to themself, remainder can be mined (whats an acceptable %)
Sell shares in exchange for BTC like an IPO, and then distribute initial coins based on IPO allocation. Developer would buy large stake
Protocol hardcoded to send a % of new coins/transaction fees to developers address
Built in voting system to allow new coins/fees to be allocated to contributors
Protocol hardcoded so any donations sent to developer pre assigned address give donors slight advantage/privilege over non donors

Or any other suggestions?

Title: Re: How can coin developers get paid
Post by: El Dude on March 05, 2014, 11:17:37 AM

donations by the community that's how the Litecoin dev team gets funded .

Title: Re: How can coin developers get paid
Post by: franky1 on March 05, 2014, 11:24:45 AM

Quote from: slothbag on March 05, 2014, 11:01:51 AM

Developer allocates 100% in the genesis block to themself, keeps a portion and promises to distribute as they see fit

pre-mine. no thanks

Developer allocates a small % in the genesis block to themself, remainder can be mined (whats an acceptable %)

pre-mine. no thanks

Sell shares in exchange for BTC like an IPO, and then distribute initial coins based on IPO allocation. Developer would buy large stake

centralised and not freemarket. no thanks

Protocol hardcoded to send a % of new coins/transaction fees to developers address

crypto tax. no thanks

Built in voting system to allow new coins/fees to be allocated to contributors

crypto government. no thanks

Protocol hardcoded so any donations sent to developer pre assigned address give donors slight advantage/privilege over non donors

forced donations or left confirmless.. unfair system. no thanks
[/list]

Or any other suggestions?

how about get developers to make a website that takes on peoples idea's and suggestions. and puts on a bounty for that 'project'. if people really want that feature then they vote for it with money. that way developers learn what people want and only do work on something they get paid for.

imagine a list of suggestions:
make client background skinable - vote: 1Arandomaddresstosendfundsto
reduce minimal tx fee - vote: 1Arandomaddresstosendfundsto

developers see the list and get tempted to do the suggestion as there is money involved and demand for the feature

Title: Re: How can coin developers get paid
Post by: slothbag on March 05, 2014, 11:34:09 AM

Quote from: franky1 on March 05, 2014, 11:24:45 AM

Seems to me people are pretty stingy when it comes to coughing up for bounties.. You'll get the occasional generous contributor but I dont see that as a reliable income.

Looks like the IPO option is the most lucrative at the moment, with bitshares and mastercoin getting large investments before the software is even out.

Or the NXT approach made a lot for initial investors (though it was kinda an IPO also)

Title: Re: How can coin developers get paid
Post by: E.exchanger on March 05, 2014, 05:10:02 PM

In my knowledge i think they get paid mainly by donations they receive from the community and the shares selling!! :)

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Bitcoin => Bitcoin Discussion => Topic started by: slothbag on March 05, 2014, 11:01:51 AM