HCLivess (OP)
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April 11, 2016, 08:53:16 AM |
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Hi, what do you consider the best crypto dev funding model?
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bathrobehero
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ICO? Not even once.
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April 11, 2016, 08:57:16 AM |
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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).
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DaveyJones
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April 11, 2016, 08:59:23 AM |
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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.
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HCLivess (OP)
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April 11, 2016, 08:59:45 AM |
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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
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HCLivess (OP)
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April 11, 2016, 09:00:39 AM |
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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.
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DaveyJones
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April 11, 2016, 09:05:07 AM |
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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.
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HCLivess (OP)
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April 11, 2016, 09:08:39 AM |
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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"
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Spoetnik
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April 11, 2016, 09:52:32 AM |
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Getting a job (not a Poll option)
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FUD first & ask questions later™
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HCLivess (OP)
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April 11, 2016, 10:37:06 AM |
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Getting a job (not a Poll option)
Coin development is easier
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bathrobehero
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ICO? Not even once.
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April 11, 2016, 03:25:06 PM |
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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.
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kelsey
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April 11, 2016, 03:40:44 PM |
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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 ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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jjacob
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April 11, 2016, 03:45:06 PM |
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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.
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HCLivess (OP)
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April 11, 2016, 05:08:01 PM |
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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 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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HCLivess (OP)
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April 11, 2016, 05:26:14 PM |
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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 ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) But the funding can be used for purposes which may bring success to the coin in the long term
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klarki
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April 11, 2016, 06:26:19 PM |
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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.
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Spoetnik
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April 12, 2016, 12:18:29 AM |
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Getting a job (not a Poll option)
Coin development is easier LOL thanks i voted ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I see others did too "Get a job" is leading ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Spoetnik
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April 12, 2016, 12:20:51 AM |
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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.
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FUD first & ask questions later™
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Spoetnik
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April 12, 2016, 12:25:35 AM |
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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 ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) 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" ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) 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 ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) It's the principle of the matter !
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r0ach
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April 12, 2016, 05:31:03 AM |
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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.
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ed_teech
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April 12, 2016, 08:01:43 AM |
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No funding at start, dev buys/mines his coins through the first market prices. Comments ?
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