Title: random economic ideas Post by: franky1 on March 10, 2021, 06:43:13 AM every couple years or so. i throw out some idea's to let the open community think about and develop if they want. no ownership from me. just some random things to inspire others to play around with to make their own.
so heres my latest thoughts tokenising celebrities imagine you can rate a celebrity based on: budget of tv show/movie profit of tv show.movie income of celeb minutes featured in said tv/movie =influence of celeb in comparison to above EG have an index of 1bill movie budget: 0.3 of index($300m) movie profit 1.2 of index($1.2b) celeb income: 0.06 of index ($60m) celeb minutes: 45% of movie time then rate the celeb influence by calculating it as income / 45% *100 = income if movie was all about them..(mainstar value) x 4 as their influence on profitability so their first movie a star only in 45% of movie that is 4x profitable has a value of $533mill of the $1.2b now.. lets tokenise it movie director. the celebs agents. and some independant 'critics' decentrally agree on the calculated total. to award the celeb a $533m rating for the movie each celeb can only have 500million tokens ever(fan shares) making each share at the point of their first movie release $1.06each the ongoing value is based on adding on the value of the movies combined movie 2(a flop): movie budget: 0.4(of index)($400m) movie profit 0.5(of index)($0.5b) celeb income: 0.06(of index)($60m) celeb minutes: 60% of movie time =income/60%*100*1.25=$125m value the value of 533+125 for the only 2 movies the star was in is $658m so each token value is now $1.316each more movies a celeb does the better his token value will be. ... this then allows celebs to 'sell' themselves. where minimum bid will be 1% above their value fans can buy shares in them. and if the actor is successful. so are the fans. celeb gets 100% of ICO and then gets a 1% tx fee per trade celebs first movie roll their ICO is $1.06 ($533m extra income if they sell all coins) later their asset VALUE could be $1.316 where the celeb would get $0.01316 per trade while it circulates between his fans or if they didnt sell all ICO coins. they can sell their holding for $1.316 instead of $1.06 other factors are then at play. the loyalty/speculative market: if demand for a celeb is high. potential fans may be willing to pay $1.60 for the $1.316 asset fans hedging the celeb isnt about to retire and will make many movies that dont flop so a celeb may get 0.016 tx fee instead of 0.013 and the current fan can get 1.584(of $1.60) instead of 1.316 the celeb however can only sell his shares at his asset value. ill let you economic people game theory out the speculative ups and downs. Title: Re: random economic ideas Post by: zanezane on March 10, 2021, 06:47:53 AM Aren't we already doing that to celebrities? Although we don't call it as token but fame, the more they are famous then the more they are going to get paid for their works, kind of like how a painter is paid. It is a good idea but with the current social climate, I don't think that blatantly putting a price tag on a celebrity is a good thing because of all the snowflakes that is on the Internet. Better yet if we just tax this kind of people higher than those in the working class.
Title: Re: random economic ideas Post by: franky1 on March 10, 2021, 06:55:03 AM Aren't we already doing that to celebrities? Although we don't call it as token but fame, the more they are famous then the more they are going to get paid for their works, kind of like how a painter is paid. It is a good idea but with the current social climate, I don't think that blatantly putting a price tag on a celebrity is a good thing because of all the snowflakes that is on the Internet. Better yet if we just tax this kind of people higher than those in the working class. there are ratings and Qscores and other metrics. where the director pays the actor a income. to be in the directors movie.. but this is another income stream for the actor outside of the income per role. based on his fanbase and success. where his fans can be involved. and the fans can feel like they own a part of their celeb other things you economic people can play with is things like: forget the 500m token limit. instead have a movie of 1:20:35 (4835 seconds) where the movie creates: 21,750,000 luke hemsporth tokens hemsworth: 45% of movie(36:15(2175secs)) =10000 tokens per second screentime where if a actor has only done say 10 movies with average screen time. there may only be ~220m tokens to their name ill leave you economic people to thrash out different things. Title: Re: random economic ideas Post by: Mauser on March 10, 2021, 07:00:35 AM That is an interesting idea, I would like to own a piece of a celebrity :D
The same could be done for TV actors aswell, because since Netflix TV Shows become much more important. It might also because of the pandemic that we can't really go to movies anymore but I kind of miss the block buster movies. The new James Bond movie has been postponed so many times already. What I am wondering is if it wouldn't be cheaper to just sell it to Netflix or so and try to get some cash in now? Nobody knows how long the corona pandemic is going to last and when the cinemas are going to open again. Maybe the whole movie industry has to start changing their plans and focus more on TV shows? Title: Re: random economic ideas Post by: franky1 on March 10, 2021, 07:11:24 AM That is an interesting idea, I would like to own a piece of a celebrity :D The same could be done for TV actors aswell, because since Netflix TV Shows become much more important. It might also because of the pandemic that we can't really go to movies anymore but I kind of miss the block buster movies. The new James Bond movie has been postponed so many times already. What I am wondering is if it wouldn't be cheaper to just sell it to Netflix or so and try to get some cash in now? Nobody knows how long the corona pandemic is going to last and when the cinemas are going to open again. Maybe the whole movie industry has to start changing their plans and focus more on TV shows? budgets are always a problem. movie budgets are filled with high labour costs of actors. an average TV show has budgets of $20k-$1m per episode per actor. where as movies are $1m-$100m so subsidising a actors income via fanbase share trades can make actors want to do roles for less upfront income to then make the movie X more profitable to then get rewarded on the x profit factor of the shares formula Title: Re: random economic ideas Post by: davis196 on March 10, 2021, 07:16:11 AM I don't quite get it,but I think that the main flaw in this method is the focus on fame.
A bad actor can be really famous and therefore have a high token price,while another actor can be really good,but not that famous,so his token price will be lower.It's all about being in the "mainstream" and attracting the attention of the public,which isn't always a good thing.Independent movies will suffer to get the attention of the crowd,while Hollywood blockbusters will get bigger budgets. I kinda like ICOs being used as a method for movie crowdfunding,but creating a token for every celebrity seems wrong. Title: Re: random economic ideas Post by: Lorence.xD on March 10, 2021, 07:20:21 AM That is an interesting idea, I would like to own a piece of a celebrity :D I think what you are pertaining is producers or agents or slavery which is worse, I might be wrong though. They can sell it but it is up to the management company that own the rights of the movie if they are going to sell it.The same could be done for TV actors aswell, because since Netflix TV Shows become much more important. It might also because of the pandemic that we can't really go to movies anymore but I kind of miss the block buster movies. The new James Bond movie has been postponed so many times already. What I am wondering is if it wouldn't be cheaper to just sell it to Netflix or so and try to get some cash in now? Nobody knows how long the corona pandemic is going to last and when the cinemas are going to open again. Maybe the whole movie industry has to start changing their plans and focus more on TV shows? Title: Re: random economic ideas Post by: zanezane on March 10, 2021, 07:29:51 AM ~ there are ratings and Qscores and other metrics. where the director pays the actor a income. to be in the directors movie.. but this is another income stream for the actor outside of the income per role. based on his fanbase and success. where his fans can be involved. and the fans can feel like they own a part of their celeb Title: Re: random economic ideas Post by: fiulpro on March 10, 2021, 12:39:17 PM Aren't we already doing that to celebrities? Although we don't call it as token but fame, the more they are famous then the more they are going to get paid for their works, kind of like how a painter is paid. It is a good idea but with the current social climate, I don't think that blatantly putting a price tag on a celebrity is a good thing because of all the snowflakes that is on the Internet. Better yet if we just tax this kind of people higher than those in the working class. Yes this is already happening, the big movies, their budgets, their casts etc.. they all secure a financial funding from small small people and they do give them a bigger amount in return ofcourse. The percentage etc all is being agreed on by them and at the end of the course it depends on the film 🎥. They make profits depending upon the amount of fame the picture gets and how much the celebs earn is also very strategically planned. -other celebrities like : Ronaldo, Messi etc they are also tokenized by different companies, by different people , people can directly bet on them and not the match to be precise. This is a high end thing going on in the gambling, you can also do this though sports book etc... Other than that that's what pays the income, that's where the funds come from it's all a big business transaction in the end. Title: Re: random economic ideas Post by: Gozie51 on March 10, 2021, 04:31:28 PM Better yet if we just tax this kind of people higher than those in the working class. Lol... Yes tax them more. I would prefer to rate celeb with the positive influence they have made to their people, community, country and world at large. Celeb are usually role models, so if they have influenced followers to positive living then they enter tops in my mind rather than celeb not being patriotic, self centered and only interested to pack whatever money they can rather than image building. Title: Re: random economic ideas Post by: Hydrogen on March 10, 2021, 09:22:18 PM NFTs seem intent to create value out of thin air. :)
What if celebrity data saved in a blockchain & sold in markets held intrinsic value? The complete DNA of celebrities. I don't know if anyone would be surprised if 23andme collected, stored or sold the DNA of those who utilized its service, considering how valuable the data could be. Privacy and data integrity concerns don't hold the weight they once did. Looks like twitter CEO Jack Dorsey is hopping on the bandwagon. Quote Jack Dorsey is offering to sell the first tweet as an NFT and the highest bid is $2.5 million Jack Dorsey appears to be offering to sell the very first tweet as a non-fungible token, or NFT. The Twitter CEO shared a link Friday afternoon to a platform called “Valuables,” where his March 21, 2006 tweet “just setting up my twttr” was up for bidding. The highest offer is from Sina Estavi, CEO of Bridge Oracle, for $2.5 million as of Saturday afternoon, according to the website. https://www.cnbc.com/2021/03/06/jack-dorsey-is-offering-to-sell-the-first-tweet-as-an-nft.html .... There could be a coordinated, organized, effort to artificially inflate the value of NFTs. Perhaps a prime example of the modern trend to label everything a bubble. Except things that actually are bubbles, as NFTs could potentially be. Title: Re: random economic ideas Post by: franky1 on March 11, 2021, 10:55:46 PM NFT are like only the licence/patent/trademark of something
my idea is more like owning shares in a company(celebrity) historic tulips and NFT wont be and havnt been described as 'a bubble' as 'bubble' is about the price value speculation. not the item itself tulip mania have been and NFT might be described as a 'fad' (temporary trendy thing) bubbles are about the price of those things. not the thing itself i think that some popular people will sell themselves as a brand. (like company shares) take sports the sports star gets paid a salary. and separately people are 'buying their contract' based on their skills/performance over many games/teams organising this ranking/valuation into something more official that can get the fans involved and benefits the celeb/sportsman. rather than the team managers. could be a good thing other things like any random citizen. instead of a credit report to base their risk. they could have a share scheme. where they win points for education level or employment length. or employment promotions. where friends/family/coworkers can invest in their friend/family. and profit if they succeed il leave you guys to poke and prod the many aspects that can come from this |