I was wandering if anyone has proposed/implemented a database abstraction layer for bitcoin? It would
seam to me a bad idea to tie bitcoin to any database since over time better databases may be developed
and leave bitcoin tied to an obsolete technology.

 
Also python (which many of the tools are based on) already has a standard database API.

Nobody can predict the future. I do know that in many respects bitcoin is the "law of unintended consequences" being played out as a direct result of imbecilic central bank policies.

BTW 10^(-8) power is pretty small. But I was not aware that there was a limit to how small
you could divide a Bitcoin. Thank you.

   

This is a rough draft for a new kind of financial investment instrument based on Bitcoin that would offer an alternative
to traditional stocks, bonds. I welcome any feedback, my goal is to create a formal proposal than start a software project
to implement this idea. While I am new to Bitcoin I am a highly experienced software developer and project lead with over 20 years
experience. I wish to make an application that creates an open standard for this agreement.



BitCoin Revenue Stream Agreement (RSAs)



Consider two parties, a company and an investor. The RSA is a contract whereby the investor enters an agreement were he gives X number of bitcoins to a company. The company agrees to give a microscopic portion of its sales to the investor on a recurring basis either point of sale or percentage of revenue (using millionths or even billionths of bitcoins). It will take Y duration of time for the investor to recouple the investment and after that it becomes a source of recurring income thereafter for the duration of the contract.


Variations within the contract:

    Exchange rate [fixed|agreed upon rate]:
        One of the criticisms of Bitcoin are the wild changes in the exchange rate. To mitigate this the agreement may fix the rate of bitcoin
        exchange to the local currency at the time of the agreement. Or the exchange rate may be set custom between the two parties.

   Contract duration [lifetime of company|N number of years|N number of years after break-even]
        Obviously the longer the duration the more advantageous for the investor and the worse for the company and visa versa. The duration
        could also be variable depending, such as 3 years after the break-even point for the investor. Startup companies could offer a lifetime
        RSA for a large sum of money up front whereas an established firm would probably offer a fixed duration agreement.    
      
   Revenue Stream[point of sale|percentage of sales]:
        The revenue sent to the investor could be a small percent per item sold (potentially thousandths, or millionths of a percent), or a percentage
        of revenue.


Advantages from the point of view of the investor:
* Not subject market fluctuations like a stock or bond
* The risk is minimal for a company with stable revenue
* The ability to capture a huge revenue stream from successful startup companies.
 
Advantage from the point of view of the company:
* Raise money quickly
* No company control is transferred like a stock, an RSA has no ownership.
* Obligations are based on sales success unlike a bond which must be payed regardless of the success of the company


Please, I need your feedback to help develop this idea. Or if this idea is already been tried by someone else or if you point
out that the idea is fatally flawed please let me know so I don't waste my time.

Since I',m a newbie to forum this is the only place I can post this.

This is a rough draft for a new kind of financial investment instrument based on Bitcoin that would offer an alternative
to traditional stocks, bonds. I welcome any feedback, my goal is to create a formal proposal than start a software project
to implement this idea.


BitCoin Revenue Stream Agreement (RSAs)


We have two parties, a company and an investor. In a RSA the investor enters an agreement were he gives X number of bitcoins to a company. The company agrees to give a microscopic portion of its sales to the investor on a recurring basis either point of sale or percentage of revenue
 (using millionths or even billionths of bitcoins). It will take Y duration of time for the investor to recouple the investment and after that it becomes a source of recurring income for the duration of the contract.


Variations within the contract:

    Exchange rate [fixed|agreed upon rate]:
        One of the criticisms of Bitcoin are the wild changes in the exchange rate. To mitigate this the agreement may fix the rate of bitcoin
        exchange to the local currency at the time of the agreement. Or the exchange rate may be set custom between the two parties.

   Contract duration [lifetime of company|N number of years|N number of years after break-even]
        Obviously the longer the duration the more advantageous for the investor and the worse for the company and visa versa. The duration
        could also be variable depending, such as 3 years after the break-even point for the investor. Startup companies could offer a lifetime
        RSA for a large sum of money up front whereas an established firm would probably offer a fixed duration agreement.   
       
   Revenue Stream[point of sale|percentage of sales]:
        The revenue sent to the investor could be a small percent per item sold (potentially thousandths, or millionths of a percent), or a percentage
        of revenue.


Advantages from the point of view of the investor:
* Not subject market fluctuations like a stock or bond
* The risk is minimal for a company with stable revenue
* The ability to capture a huge revenue stream from successful startup companies.
 
Advantage from the point of view of the company:
* Raise money quickly
* No company control is transferred like a stock, an RSA has no ownership.
* Obligations are based on sales success unlike a bond which must be payed regardless of the success of the company


Please, I need your feedback to help develop this idea or refute this idea so I don't waste my time