Phantom Corp Business Plan and IPO
The biggest difference between a distributed autonomous corporation and a company traded on Wall Street is the ability of a DAC to dodge regulation. The most profitable DAC will be one that exploits this key advantage.
Introducing Phantom Corp, a system of cryptographic currencies that combine to provide a file sharing service with an intellectual property system. The use of an intellectual property system by companies is not new; almost every company has a protocol in place for handling sensitive information. Most provide an incentive for employees to create new ideas in order to develop an intellectual property portfolio.
The inventor of Phantom Corp’s intellectual property protocol is first in line to receive patent protection on a novel use of cryptographic currencies. Phantom Corp’s IP protocol will allow users from all over the word to upload files in order to receive a payment in currency.
At Phantom Corp, we believe people deserve more than a pure currency. People deserve intrinsic value behind their holdings. By hosting large amounts of files in a distributed and secure manner, Phantom Corp will derive ad revenue from users who view the content stored and hosted by miners of the blockchain. Phantom Corp general stock will be based on proof of stake.
Each file uploaded will be awarded a specific currency. This currency will be paid out on a 1:1 ratio between proof of storage miners who host the content (seeders) and the wallet address that uploaded the file. Phantom Corp will promote its users to upload new files and information. Currencies specific to file uploads will be mined by proof of storage.
To generate demand for each currency, advertisement spaces will be auctioned in each currency. To purchase advertising space, an advertiser must first purchase currency then permanently remove it from circulation by transacting that currency to a “terminal address”, causing deflation. Demand for currencies drive the price up. General stock is purely deflationary and will have the largest advertising space of any of the currencies utilized in the system.
Patent Pending
IPO Offering and Breakdown
We are looking for 50 BTC from 100 individuals looking to invest in an early stage to a highly profitable corporation. Phantom Corp’s general stock will have a total of 1,000,000,000 shares outstanding. All shares will be generated at launch and allocated according to the following breakdown:
Edit:
10% to first 4 BTC (funds 0-4 BTC)
6% for first 2 BTC (funds 0-2 BTC)
4% for next 2 BTC (funds 2-4 BTC)
50% to next 46 BTC donors (funds 4-50 BTC)
30% for 23 BTC (funds 4-27 BTC)
20% for 23 BTC (funds 27-50 BTC)
20% to inventor and patent filer, me
20% to developers
35 BTC will be paid to developers as bounties and 15 BTC will go to the inventor to cover patent fees.
Funding address: 1Hokd72KrWrEKBjqFDqCstTcDLjoDSVDLk
send me a PM about the address you are sending from and the amount please
Title: Cryptographic Stock
Subtitle: Building The P2P Corporation
Overview: A system of cryptographic currencies for establishing and maintaining a decentralized database. Multiple currencies are used, with one currency performing the function of corporate stock in the database.
Key concept: Crypto anarchist capitalism
Requirements: A completely decentralized corporate model should include voting shareholders, products/services, a computational network, a labor force, and a transaction system (All decentralized)
Differences Between the Wall Street and P2P Corporate Models
• Wall Street must meet regulations and abide by legislation
o Copyright infringement is a liability
o Potential for law suits to forcibly seize assets
o Anti-trust law is enforceable
• P2P Corporations don’t need to meet regulations
o Copyright infringement is not a liability
o Law suits cannot forcibly seize assets
o Anti-trust law is unenforceable
• A P2P Corporation should look to maximize the opportunities provided by the new technology
o Host copyrighted material without liability
o Pay employees of other companies with cryptographic currency to post new technologies, trade secrets, and documents of employer while providing anonymity to the rogue employee
o Poach intellectual property from the non-P2P corporate world
Decentralized Transaction System:
• similar to that of Bitcoin
• Credits are traded over the internet between wallet ID’s
• hash functions and public key encryption utilized to sign and verify transacted credits while preventing fraud
Decentralized Product: Information in the form of pictures, videos, and text
Decentralized Labor Force: Pseudonymous employees submit content from a wallet in exchange for credits specific to the submitted content
Decentralized Computing: computational “miners” (servers and computers running a program) establish and maintain a P2P network for hosting content and securing transactions
• Proof of Work – utilized in Bitcoin (released publicly in 2007)
o Secures transactions
o Prevents double spending of credits (Bitcoins)
o Unable to handle large amounts of information
• The reason why storing information in Bitcoin’s blockchain is expensive
• A severe limitation meaning Bitcoin will never be more than a decentralized transaction system of baseless credits
• Proof of Storage (published academically in 2007)
o A mathematical proof that a server is storing a file
o Allows for proved storage by a decentralized network
o Means that a decentralized transaction system can be backed by information
Decentralized Voting
• Based on transactions of voting credits
• Goal: elect submitted programs as new source code
• Allows the corporate program’s source code to change over time
Creating Demand for Credits
• Advertisements placed with content
- Bids for and sales of advertising is exclusively in currency related to content being advertised on
- Example: if you make a home movie and submit the movie to the corporation as submission 0001, you receive credits in currency 0001. In order to advertise alongside submission 0001 an advertiser must win an auction by placing the highest bid to wallet 0001 in currency 0001.
Game Theory Approach to Duplicate Submissions
• Analyze the incentive of a copycat submitting a file that has already been submitted
- Assume 50% of currency for a submission is paid to computational miners and the other 50% is paid to the user who submitted the content
- A copycat submits a file that has already been submitted (unoriginal submission)
• Is there incentive for computational miners to store this information?
- The maximum reward a miner could receive is 50% of the associated currency
- A miner could receive 50% of the associated currency for an unoriginal submission by copying and resubmitting the unoriginal file
- Incentive is not to mine unoriginal content
• Currencies associated with unoriginal content submissions have minimal value
If you have questions of my character or are worried about me stealing your funds, we may use escrow, or you can pledge the funds and only give them as a bounty once source code is provided by the developers. This is to prevent any form of scamming. People are saying "oh this will take forever you can never finish this." Most of the source code is already out there and available as open source. For example, the source code of projects such as Bitcoin, Datacoin, Namecoin, and maybe some from Nxt. Please keep in mind that not everyone will like what this project is doing. The concept is very threatening to certain groups. For example, Nxt is transparent and compliant to all Federal regulations. Its entire business model is based on artificial scarcity (not publishing source code). On top of this, the fact that I have intellectual property rights on their business model is a huge problem for their entire community, and the people on Wall Street who may be behind it.
