Best funding model?

[HCLivess]

Hi, what do you consider the best crypto dev funding model?

[bathrobehero]

If by best if you mean the fairest then no ICO, no premine but a small percentage of every block (say 0.5%) automatically going to a dev fund address.
That should keep the devs motivated.

Maybe the amount and duration of the dev fee should be changeable with a voting system (for example by masternodes owners).

[DaveyJones]

What about Community Funding?

For example Monero´s Forum Funding System?

That is even fairer then that Masternode funding scheme where the blockchain pays its defs ( which is at a long time view the same as an premine only devs have to keep the coin alive ), because its actuall users that pay.

[HCLivess]

If by best if you mean the fairest then no ICO, no premine but a small percentage of every block (say 0.5%) automatically going to a dev fund address.
That should keep the devs motivated.

Thank you, I am looking for a model for my own design and taking things into consideration. I don't want to make it too bloated or complicated, but the model you are suggesting might be the best option. However I don't know if I should send fees in transactions, because this means 1 fee tx per every 1 tx... with all the signing etc

[HCLivess]

What about Community Funding?

For example Monero´s Forum Funding System?

Is that some kind of a charity? I am not interested in charity models. Fees/rules need to be enforced in code to qualify. But I added your option to the poll.

[DaveyJones]

What about Community Funding?

For example Monero´s Forum Funding System?

Is that some kind of a charity? I am not interested in charity models. Fees/rules need to be enforced in code to qualify.

Well you only get paid if you do your work... otherwise funds are locked till there is a taker or it will get moved to general dev fund.

[HCLivess]

What about Community Funding?

For example Monero´s Forum Funding System?

Is that some kind of a charity? I am not interested in charity models. Fees/rules need to be enforced in code to qualify.

Well you only get paid if you do your work... otherwise funds are locked till there is a taker or it will get moved to general dev fund.

I see, so this is a transaction phasing system, a kind of "decentralized contract"

[Spoetnik]

Getting a job (not a Poll option)

[HCLivess]

Getting a job (not a Poll option)

Coin development is easier

[bathrobehero]

If by best if you mean the fairest then no ICO, no premine but a small percentage of every block (say 0.5%) automatically going to a dev fund address.
That should keep the devs motivated.

Thank you, I am looking for a model for my own design and taking things into consideration. I don't want to make it too bloated or complicated, but the model you are suggesting might be the best option. However I don't know if I should send fees in transactions, because this means 1 fee tx per every 1 tx... with all the signing etc

Yeah, that could be a problem. You could have it so you get your fee let's say every 1000 blocks.

[kelsey]

Getting a job (not a Poll option)

+1

yes paying people to dev a coin kind of defeats half the purpose of needing an alternative to fiat in the first place 

[jjacob]

ICO would be my choice.
Convincing people to invest money in a new coin is not easy, though. You will be successful if you have a really good idea.

[HCLivess]

ICO would be my choice.
Convincing people to invest money in a new coin is not easy, though. You will be successful if you have a really good idea.

Thanks, I am considering an ICO too, at least partially, the world will decide how good the ideas are

[HCLivess]

Getting a job (not a Poll option)

+1

yes paying people to dev a coin kind of defeats half the purpose of needing an alternative to fiat in the first place 

But the funding can be used for purposes which may bring success to the coin in the long term

[klarki]

The best model? It is hard to say, depends on many factors.
If Dev novice and his idea of the shit, no model which does not help in financing.

[Spoetnik]

Getting a job (not a Poll option)

Coin development is easier

LOL thanks i voted

I see others did too "Get a job" is leading  

[Spoetnik]

ICO would be my choice.
Convincing people to invest money in a new coin is not easy, though. You will be successful if you have a really good idea.

Did the visionary and genius Satoshi need to start an ICO ?
I wonder what he thinks of all this IPO madness where there is thousands of them now.

[Spoetnik]

Getting a job (not a Poll option)

+1

yes paying people to dev a coin kind of defeats half the purpose of needing an alternative to fiat in the first place  

But the funding can be used for purposes which may bring success to the coin in the long term

A *partial* ICO is called a "Premine"

I can tolerate a mined coin with a small premine far more than i can an IPO / ICO style coin.
If the premine is accounted for and documented well and we keep the coin holders feet to the fire.
Even then though we don't need *more* coins so it better be for a good reason..
(because it will STILL be coin #7,001)

Have you considered contributing to an already existing coin or taking over a coin abandoned ?
I hear Jackpot Coin is hiring  

Warning:
Even if i like a person around here i still can NOT support their IPO / ICO ..sorry guys
It's the principle of the matter !

[r0ach]

For any cryptocurrency to be adopted, there can't even be a hint of the coin being created solely to enrich the creator.  Economics is a zero sum game and there is no Nash equilbrium to be had by random Joe off the street adopting something that puts you at an advantage and him at a disadvantage.  It doesn't matter if you think you should get paid to work.  Nobody would have adopted gold if gold had a central issuing authority with the market cornered at day one.

[ed_teech]

No funding at start, dev buys/mines his coins through the first market prices. Comments ?