dacoinminster (OP)
Legendary
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Activity: 1260
Merit: 1031
Rational Exuberance
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August 05, 2013, 04:41:05 PM |
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So I need to have negotiations with my wife to secure some of our precious weekend and/or vacation time to work on my crazy MasterCoin project (new protocol layer built on bitcoin). You can read more about the project here: https://bitcointalk.org/index.php?topic=265488.0So far, I have raised over 1800 BTC, 1222 of which is my own money. There is a lot of spirited discussion as to how much I should pay myself to work on this project on that thread, so I'm creating this poll to tabulate opinions. As I said in the thread, no matter what the outcome of this poll, I will do what I think is best for MasterCoin holders, but your opinion definitely matters to me. Also, note that there is an option on this poll for those of you who think I am a scammer  |
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vokain
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August 05, 2013, 04:43:58 PM |
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The problem is that until demonstrated otherwise, remaining funds = original funds - funds paid to yourself. So in this case you still keep all of your funds and some of other people's funds.
Specifying in advance what is the salary you intend to receive for full-time employment in this (which AFAIK you have not yet done) will be helpful.
I don't plan to take a salary at all, given the funds currently raised. How much money I withdraw for work on this project will be a negotiation I have with my wife in order to secure time that would normally be devoted to giving her a break from the kids and household chores or taking her on vacation! I think it likely that the price per hour will have to be on the order of "overtime pay" in comparison to my current day job in order to secure her approval. I don't want to make any promises, but I doubt I will burn through even half of funds contributed to date in order to get to feature complete. Again, I haven't actually done this negotiation with her yet, and forecasting how long software projects will take is notoriously tricky! That's what I figured as well. Perhaps she should look at it like a long-term investment as well, just in terms of your time and her time with you. She would stand to gain from seeing the success of this through, no? The "overtime pay" concept, while I understand it, is tricky to me for that reason.That said, I think the correct answer to this poll isn't absolute. Some (most?) things you're better off writing yourself, other things it might be more worth it to delegate. |
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Chang Hum
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August 05, 2013, 04:47:51 PM |
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You've never started a business before have you!!!
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/dev/null
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August 05, 2013, 04:49:01 PM |
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You are a fucking scammer nothing else. and thanks for proving me right. https://bitcointalk.org/index.php?topic=266386.msg2848752#msg2848752
So far, I have raised over 1800 BTC, 1222 of which is my own money.
First thing i would like to say that it's a clever scam.
Make a altcoin with some new function and then make a new thread saying it's gonna be next big thing.
After that you just need some 1000+ coins to grab peoples attention and tempt them to invest in that shitty coin.
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bytemaster
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August 05, 2013, 04:49:19 PM |
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Where is the option for 'pay yourself like a grad student and live on ramen'?
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Chang Hum
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August 05, 2013, 04:55:31 PM |
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Where is the option for 'pay yourself like a grad student and live on ramen'?
Exactly! |
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dacoinminster (OP)
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Activity: 1260
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Rational Exuberance
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August 05, 2013, 04:56:07 PM |
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Where is the option for 'pay yourself like a grad student and live on ramen'?
Exactly! Unfortunately, that one doesn't fly with my wife and kids |
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Chang Hum
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August 05, 2013, 04:58:26 PM |
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Where is the option for 'pay yourself like a grad student and live on ramen'?
Exactly! Unfortunately, that one doesn't fly with my wife and kids How much have they invested? |
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vokain
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August 05, 2013, 05:03:15 PM |
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Where is the option for 'pay yourself like a grad student and live on ramen'?
Exactly! Unfortunately, that one doesn't fly with my wife and kids How much have they invested? +1 |
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dacoinminster (OP)
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Rational Exuberance
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August 05, 2013, 05:12:03 PM |
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Where is the option for 'pay yourself like a grad student and live on ramen'?
Exactly! Unfortunately, that one doesn't fly with my wife and kids How much have they invested? +1 My wife doesn't trust bitcoin at all, so if I convince her to sacrifice some of my time, I have to have U.S. Dollars to show for it. They have no interest in investing my time in experimental currencies unless I can express the advantages in those terms. |
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vokain
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August 05, 2013, 05:14:37 PM |
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perhaps walk around town and show her how to use the Gyft app or something. Or walk into a cafe/restaurant that takes bitcoin in your city. Clearly she needs to use it firsthand before she lets her defenses down. send a coin to her wallet on a phone, then have her send it back to you. presto
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dacoinminster (OP)
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Rational Exuberance
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August 05, 2013, 05:18:05 PM |
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perhaps walk around town and show her how to use the Gyft app or something. Or walk into a cafe/restaurant that takes bitcoin in your city. Clearly she needs to use it firsthand before she lets her defenses down
Oh, she knows that it works. It's more that she is very suspicious that it will continue to work and hold its value. We've been having these kind of discussions for a long time! |
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bvt
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August 05, 2013, 05:24:22 PM |
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You've never started a business before have you!!!
I think that goes without saying. |
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dacoinminster (OP)
Legendary
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Activity: 1260
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Rational Exuberance
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August 05, 2013, 05:51:36 PM |
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You are a fucking scammer nothing else. and thanks for proving me right. https://bitcointalk.org/index.php?topic=266386.msg2848752#msg2848752
So far, I have raised over 1800 BTC, 1222 of which is my own money.
First thing i would like to say that it's a clever scam.
Make a altcoin with some new function and then make a new thread saying it's gonna be next big thing.
After that you just need some 1000+ coins to grab peoples attention and tempt them to invest in that shitty coin.
Um, I'd like to point out that I announced my purchase when it happened on my thread. There was no subterfuge about it! |
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/dev/null
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August 05, 2013, 06:49:15 PM |
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Um, I'd like to point out that I announced my purchase when it happened on my thread. There was no subterfuge about it!
What purchase? You bought your own coins with your own btc and paid yourself? Is this some fucking joke? |
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vokain
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August 05, 2013, 06:55:58 PM |
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Um, I'd like to point out that I announced my purchase when it happened on my thread. There was no subterfuge about it!
What purchase? You bought your own coins with your own btc and paid yourself? Is this some fucking joke? i think to him, the coins will now be part of the fund. Not his to spend freely as he wishes, exactly, but for MSC's sake. For instance, with the fund, he won't be buying a car with it, I hope! |
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dacoinminster (OP)
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Rational Exuberance
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August 05, 2013, 07:07:15 PM |
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i think to him, the coins will now be part of the fund. Not his to spend freely as he wishes, exactly, but for MSC's sake. For instance, with the fund, he won't be buying a car with it, I hope!
Yes, that is exactly how it works. No vehicle purchases. Those funds are dedicated to the MasterCoin project. It would be very foolish of me to use them otherwise, given my publicly-known identity! |
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vokain
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August 05, 2013, 07:27:52 PM |
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i think to him, the coins will now be part of the fund. Not his to spend freely as he wishes, exactly, but for MSC's sake. For instance, with the fund, he won't be buying a car with it, I hope!
Yes, that is exactly how it works. No vehicle purchases. Those funds are dedicated to the MasterCoin project. It would be very foolish of me to use them otherwise, given my publicly-known identity! Now, perhaps if we can coerce you not to screw investors over, we can coerce you to start working on the source expediently an offer you can't refuse, so to speak  |
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ripper234
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Ron Gross
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August 06, 2013, 02:20:52 AM |
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How about you post bounties ... and you can try to implement them yourself?
This way you're giving everybody the same chance of a 'salary' that you're giving yourself.
If you'll work quickly and implement bounties, you'll be worthy of the payout.
If not, let the best/most efficient/cheapest coder win (while adhering to strict quality & security standards).
My vote goes to bounties.
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vokain
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August 06, 2013, 04:59:39 AM |
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How about you post bounties ... and you can try to implement them yourself?
This way you're giving everybody the same chance of a 'salary' that you're giving yourself.
If you'll work quickly and implement bounties, you'll be worthy of the payout.
If not, let the best/most efficient/cheapest coder win (while adhering to strict quality & security standards).
My vote goes to bounties.
There would be an issue with conflict of interest when setting bounty payouts. For instance, Willett can set a bounty for a feature, and in the case he expects no one would pick up such a bounty an artificially high bounty would be set. |
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Poll
