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coinsolidation (OP)
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June 18, 2014, 11:04:31 AM |
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The community appears to have moved towards screaming scam every time they see the potential for a coin developer to make some money on a coin they created, released, and supported.
So as a community, what method of remuneration would you be happy with?
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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Este Nuno
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amarha
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June 18, 2014, 01:05:23 PM |
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Maybe a system that doesn't reward dumping straight away. Some sort of thing like stock options, if possible.
Something that incentivises the devs to actually develop after the launch.
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kelsey
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June 18, 2014, 01:30:16 PM |
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The community appears to have moved towards screaming scam every time they see the potential for a coin developer to make some money on a coin they created, released, and supported.
So as a community, what method of remuneration would you be happy with?
Its more there arent many actual developers in these coins  |
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Joe_Bauers
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June 18, 2014, 01:46:32 PM |
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0.125% hard coded to address that can be redeemed immediately 0.125% hard coded to address that can't be redeemed for at least 6 months after genesis block. Anyone who says coin devs should not be vested in their coin seem to have no concept on how.... well.... anything works  Devs having a pump and dump mentality are a HUGE part of the problem. If they have an incentive to stick around, maybe they will. |
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bitcoinreactor
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June 18, 2014, 01:54:36 PM |
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So as a community, what method of remuneration would you be happy with?
donations only. |
BTC: 17CHqn3XE3Waf7Qfkm9p2MQE1VgB8gVbG4
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coinsolidation (OP)
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June 18, 2014, 02:01:23 PM |
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0.125% hard coded to address that can be redeemed immediately 0.125% hard coded to address that can't be redeemed for at least 6 months after genesis block. Anyone who says coin devs should not be vested in their coin seem to have no concept on how.... well.... anything works Devs having a pump and dump mentality are a HUGE part of the problem. If they have an incentive to stick around, maybe they will. I was thinking along these lines too.. this seems reasonable, a small block reward that goes to a development pool. The addition of half locked seems good too. Thank you for your input. So as a community, what method of remuneration would you be happy with?
donations only. I'd love to agree, but in practise this doesn't work - check the donation address on some of your favourite bitcoin software, almost every one I've ever checked has been 0. |
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Este Nuno
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amarha
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June 18, 2014, 02:22:46 PM |
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I'd love to agree, but in practise this doesn't work - check the donation address on some of your favourite bitcoin software, almost every one I've ever checked has been 0.
It is surprising how many addresses I've checked and seen either zero or a few cents USD as the amount received. That's why multibit started skimming transaction fees, haha. Actually, there's an idea. Transaction fees or part of them anyway, going to the devs. Then if people actually are using the coin they get some money. |
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coinsolidation (OP)
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June 18, 2014, 02:38:29 PM |
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I'd love to agree, but in practise this doesn't work - check the donation address on some of your favourite bitcoin software, almost every one I've ever checked has been 0.
It is surprising how many addresses I've checked and seen either zero or a few cents USD as the amount received. That's why multibit started skimming transaction fees, haha. Actually, there's an idea. Transaction fees or part of them anyway, going to the devs. Then if people actually are using the coin they get some money. Another good idea. Perhaps if it started as 50% of transaction fees, then halved each time the block halved such that miners gradually transitioned over to fees, and the developers away from fees. The combination of that and the aforementioned % per block could work wonderfully together. |
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cryptohunter
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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
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June 18, 2014, 02:42:46 PM |
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block tax 1% of every block. If they stop working on the coin it's forked and that tax is cut off or pushed to an address of a new developer that takes over and works on the coin.
premines and instamines need to be stopped at once.
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coinsolidation (OP)
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June 18, 2014, 02:51:27 PM |
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block tax 1% of every block. If they stop working on the coin it's forked and that tax is cut off or pushed to an address of a new developer that takes over and works on the coin.
premines and instamines need to be stopped at once.
As somebody who's about to implement all of the ideas from these threads I feel an idiot saying it, but 1% is too high. 0.25% (0.125% + 0.125% locked) as mentioned before is plenty. |
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Vivisector999
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June 18, 2014, 03:27:20 PM |
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Well with a block tax, you really wouldn't need to lock half of it, since it's not a lump sum payment. But yeah a block tax of 0.5% or less would totally work as well.
But personally I think the best idea so far has been the Transaction fee tax. It is a very small payment, and the dev only gets paid if the coin goes big and is being used. If the dev can really push the coin, they could make a fortune (More than they are now with a big premine), but without alot of work, or if they leave early and let the coin die, they basically make nothing.
I know that would get me pounding the pavement trying to get vendors/exchanges to accept your coin.
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Instamatic
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June 18, 2014, 06:16:46 PM |
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block tax 1% of every block. If they stop working on the coin it's forked and that tax is cut off or pushed to an address of a new developer that takes over and works on the coin.
premines and instamines need to be stopped at once.
As somebody who's about to implement all of the ideas from these threads I feel an idiot saying it, but 1% is too high. 0.25% (0.125% + 0.125% locked) as mentioned before is plenty. Plenty of pool sites charge a 1% fee to mine through their site/stratum. Perhaps 1% is too high for a developer but I do like the idea of a block tax because it incentivizes continued development and support. If a developer initiated a block tax of 1% from onset we may see less pools jumping onboard until the difficulty rose to a point that solo mining was highly inefficient (which of course depends on the algo/miner hash rate/network hash rate/exchange rate). |
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Japster
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June 18, 2014, 06:18:56 PM |
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With lashings.  |
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Keyboard-Mash
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June 19, 2014, 01:53:45 PM |
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Cross post .. Don't know if it's mentioned yet .. Paid developers Yes we've already covered this in a different thread: https://bitcointalk.org/index.php?topic=656720In short: No premine, instamine, or IPO. 0.125% of the block reward as a tax to the development team 50% of transaction fees, halving 3 times (25%, 12.5%, 6.25%) then dropping to 0. Many have suggested a higher % of block reward (1%), we'll confirm the actual amount if/when we get to a final specification. It will certainly be under 0.5% though. Sure that could work. But it doesn't cover third party development, which will be the main driving force in cryptocurrency penetration in this year and the following .. and not just one centralized development team. How can you keep them from becoming entirely closed source? Toward my point, how would you solve the problem of privatized GPU miners cornering markets? Take a look at BBR right now, over 50% of the coin is mined by Christian and Christian alone. Not all the hard-coded centralized developer fees in the world can stop that, and he's currently in a position where he would require infinite money to open source or even distribute his software. What then? |
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PereguineBerty
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July 09, 2014, 08:16:08 PM |
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None
~CfA~
So devs shouldn't receive anything for their time, effort and innovation....? You must be a miner. ~PB~ |
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coinsolidation (OP)
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July 09, 2014, 08:36:29 PM |
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So devs shouldn't receive anything for their time, effort and innovation....?
Any proposals as to how it can be done? We thought we had a reasonable approach, but we have had to abandon it |
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