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Author Topic: [GLBSE] Rugatu, Q&A with bitcoins - IPO  (Read 2534 times)
paraipan
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April 19, 2012, 07:37:29 PM
 #1

Hello,

I would like to raise your interest for a new q&a on-line platform, similar to Yahoo
Answers or Stackexchange, that wants to bring something new into play in the form of
an economic incentive between it's users. Bitcoin enables micro-payments with low
fees on the platform, two things that lacked some previous projects.

The webapp is built on top of the opensource OSQA, wich already has proven being
a reliable platform with great support and new features added constantly. The webapp
already runs on an Ec2 Amazon instance. We chose their services because they
will permit a great redundancy and scaling in the future at a fair cost. The bitcoin
functionality is being worked on right now but it needs economic support to be fully developed.

The service will have the following basic features when launched:

- integration of coin logic and movements between users that would enable them to maintain
a wallet on the platform
- user ability to attach a reward to their question or task
- ability of any community member to participate to the reward of the questions or tasks
- winning of the reward by the user who had the most voted answer by members
- automatic funds sending and receiving by enabling communication between the webapp and the
bitcoin software

The service would take it's fees from the question rewards and be able to self-sustain or pay dividends
to it's shareholders. Service launch is estimated in aprox. 45 days from now if we manage to
gather enough support. GLBSE.

BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
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roomservice
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April 19, 2012, 07:45:36 PM
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I really wonder whats the point of getting a bunch of btc from investors from glbse?

As far as i understood, the btc comes from users, who uses your services?
Convince me why i should use your platform to get answers to my questions rather then this forum, which thousands more users in it.

"Tonight's the night. And it's going to happen again, and again. It has to happen. Nice night."
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April 19, 2012, 07:50:59 PM
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How will you make sure that "free" questions also get answered properly and not just like "bid 10 bitcents or I won't bother posting the answer I know"?

Will you make the Bitcoin integration to this software also Open Source?

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paraipan
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April 19, 2012, 07:54:47 PM
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I really wonder whats the point of getting a bunch of btc from investors from glbse?

As far as i understood, the btc comes from users, who uses your services?
Convince me why i should use your platform to get answers to my questions rather then this forum, which thousands more users in it.

It enables any person to get fast and straight answers to their questions, content quality rises too because users feel more motivated to document answers or any kind of requested work. We need the funds to continue coding the platform and to maintain the service running until it can self sustain.

BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
paraipan
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April 19, 2012, 07:57:20 PM
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How will you make sure that "free" questions also get answered properly and not just like "bid 10 bitcents or I won't bother posting the answer I know"?

Will you make the Bitcoin integration to this software also Open Source?

The users will decide if they want to answer or complete any task without reward. Open sourcing the code will be considered.

BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
BinaryMage
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April 19, 2012, 11:31:48 PM
 #6

I must admit I don't understand what's in it for investors; it sounds like you're asking for donations for a service to improve the community. I don't disapprove of that, but then why use GLBSE?

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paraipan
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April 20, 2012, 12:21:06 AM
 #7

I must admit I don't understand what's in it for investors; it sounds like you're asking for donations for a service to improve the community. I don't disapprove of that, but then why use GLBSE?

Using GLBSE to fund a new start-up seemed the right thing to do, when you really need to do it right but the lack of money doesn't permit it. The service will not be free so dividends will be paid just like in a normal company.

It has an awesome potential and enables people to get rewarded for their spent time in front of the pc. You only have to take a look at this forum and after seeing questions or tasks that have a reward attached to it you realize people need such a tool. Sometimes the reward gets paid, sometimes not, it depends on a lot of things but we can do better.

Some bounty/rewards examples...

https://bitcointalk.org/index.php?topic=65879.0
https://bitcointalk.org/index.php?topic=63371.0
https://bitcointalk.org/index.php?topic=76719.0
https://bitcointalk.org/index.php?topic=76518.0
https://bitcointalk.org/index.php?topic=75468.0

BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
BinaryMage
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April 20, 2012, 12:53:29 AM
 #8

I must admit I don't understand what's in it for investors; it sounds like you're asking for donations for a service to improve the community. I don't disapprove of that, but then why use GLBSE?

Using GLBSE to fund a new start-up seemed the right thing to do, when you really need to do it right but the lack of money doesn't permit it. The service will not be free so dividends will be paid just like in a normal company.

It has an awesome potential and enables people to get rewarded for their spent time in front of the pc. You only have to take a look at this forum and after seeing questions or tasks that have a reward attached to it you realize people need such a tool. Sometimes the reward gets paid, sometimes not, it depends on a lot of things but we can do better.

Some bounty/rewards examples...

https://bitcointalk.org/index.php?topic=65879.0
https://bitcointalk.org/index.php?topic=63371.0
https://bitcointalk.org/index.php?topic=76719.0
https://bitcointalk.org/index.php?topic=76518.0
https://bitcointalk.org/index.php?topic=75468.0

I see you added a point about dividends, that certainly clarifies things. Thank you.

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paraipan
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April 20, 2012, 02:52:33 AM
 #9

....

I see you added a point about dividends, that certainly clarifies things. Thank you.

Thank you for asking, hope you find it feasible and invest in this start-up.

I've sent an e-mail to GLBSE support so that we find out how to verify the account.

BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
stochastic
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April 20, 2012, 03:02:29 AM
 #10

Shouldn't this be reported to the Spanish police?

Introducing constraints to the economy only serves to limit what can be economical.
Raoul Duke
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April 20, 2012, 03:12:54 AM
 #11

Shouldn't this be reported to the Spanish police?

Yes, it should. Raising venture capital for a company trough a monopoly money stock exchange is certainly dubious. Grin

But hey, double standards are great, ain't they? Tongue

Oh, oops, I missed the part where paraipan wishes to be fully Nefario VerifiedTM

paraipan
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April 20, 2012, 12:00:20 PM
 #12

Shouldn't this be reported to the Spanish police?

Please do if you really feel the need. I would hand myself over before making profits in some strange way.


We would love to bring this service into existence and have the people "grow" bitcoin more by investing their time, knowledge and other resources. I love helping others when they have problems and sometimes it's really hard to make a living out of it, because in our current society we value more the physical work rather than knowledge and mental skill.

So why not use a monetary system like bitcoin and turn the odds in our favor ? It will raise bitcoin awareness and let people feel motivated for helping others. Not much is needed to kick-start it but is a bit more than our current funds, that's why we ask that you take good look at it and maybe give us a hand on GLBSE.


edit: corrected the grammar

BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
paraipan
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April 21, 2012, 11:28:57 AM
 #13

We're still here asking for your support with this venture, we know it has a fair share of risk but the potential is far greater.

BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
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