somebody had a huge donation to the OCTO developers donation fund. it's now at 310,790.4923 OCTO.
you can donate OCTO to the developers donation fund. we will still distribute some OCTO to devs as well but it's good to know that the community is donating to fund good devs.
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you can also donate BTC to theoctoparty.com fund listed on the website which will be used to fund the tshirts. all funds will go towards the printing of the tee shirts. all profits from the tshirts will go towards funding the first advertising project. the advertising project is to raise money towards the working model of project number two, which will be for a Counterparty payment system for multiple counterparty tokens and uses a counterparty token as a fee generator. the use case will be for a website that is related to gaming.
the gamins website will allow multiple players per game. each game will allow the players to play with any counterparty token the game is set to, including OCTO. however, each game transaction also has to pay a fee in a chosen counterparty asset, in our case, it's OCTO.
so, if i join the game and it's a $10 game per person and it's set to storjcoinx and OCTO will always be the default fee token on our sites, that's what each player will pay in to join the game, and of course counterparty always has it's own BTC fee.
what's cool is, with smart contracts, you'll be able to use this on multiple sites and games, but for OCTO we can always have OCTO as a fee on our site for our games. that will give the coin a great use and contribute coding to the overall Counterparty community while giving them the ability to utilize the same payment on their own websites with their own tokens.
it will be exciting to start building this and testing it. i hope that it's something that people rally around and they create their own projects with this payment system.
Love it man! You have already done more with this coin than BHolzer's stupid ass ever did with 888. Thanks man!!!
thanks! well i'm trying. remember though, we have a long, long way to go. that's the idea for the main project. we still have to recruit developers who believe in that vision and are willing to work for OCTO until we can get a working model and hold a crowd sale. it's going to take a lot of negotiating and the right people to help out.
i wish i knew more on the dev side, i'd just do it myself. but, i just don't. i'm more of a planner and manager. but there are people out there already contacting me to interview to build this. it's just finding the right combo as a team.
and don't forget, we have had a lot of help from Robert and the FoldingCoin devs! and the community has pitched in when needed, raising BTC, donating OCTO, one person working for me all last weekend, helping me with research and a spread sheet over a weekend, working for OCTO, when at this point, it's not worth much yet.
i think we all know that we were willing to do all these things and many did the same type of things with Octocoin, and it went kinda unnoticed. the whole point of OCTO is to change that, so that we all find roles to play and build the community and projects. i think we have a good core group that transferred from Octocoin and we will continue to attract good people, once they realize what we are trying to do.
the burn probably has many wondering if this is just a pump n dump scheme, which in the crypto world, can't blame them. but it was good that we have less than 20 million of the total 88.8 million. it's good that folders can contribute to a good cause over 8 years and earn 22+ million coins. it's good we can run a faucet for a year or more and give away between 1-888 OCTO per month. it's good that we can hold a crowd sale or two for 20-40 million coins and raise BTC to pay developers money to help us complete these projects. it's good that with Counterparty we can distribute other tokens that will use token control access on the gaming sites, to incentivize people to not only get OCTO in the crowd sale but to get tokens that will give them extra features. this is a really neat platform, that is totally weird because you don't mine it. as long as the people running it distribute fairly and somewhat evenly so that none of the listed groups above (burners, folders, devs, faucet lottery players and crowd sale buyers) have total power control. i think it's a unique way to run a coin and it presents unique ways to develop some businesses around OCTO. we also are contributing to the counterparty system as a whole.
i appreciate the nice words and the support. it means a lot. yes, i'm doing this for myself as much as any other reason. but, i'm also doing this for the Octocoin community who got the shaft. i think there are a lot of excellent people there with good ideas and they really bought into OCTO. i know my roommate and his dad alone spent nearly $15,000 alone on building mining rigs, buying asics and purchasing OCTO. and after that it was worthless. some of that is their fault. but some of that is the devs fault for blowing hot air. then after all that they just bounce with no words, no explanation, no asking for assistance or help, nobody knows if there really was dev team or if it was Bholzer. it just left a bad taste in my mouth. i was already thinking about starting a Counterparty asset, so i just decided to pitch the idea to bring this community along. it's easier to come out the gate with a community and support and people to pitch in and help than to build from ground zero with nothing. plus, we may be one of the first abandoned alts to switch to counterparty and merged mining with foldingcoin and turn things around. i think that speaks for itself.
for now, you guys need to focus as much as possible on tweeting about OCTO on bittrex and poloniex as possible. we will build a team to run the social media sites other than twitter, build an OCTO folding team and many other ideas. but for now it's just the Octocoin community. it may take awhile for folders to wonder what the coin they are mining is all about. hopefully it will attract some people from that group to join the community and push the coin to gain some value. but it's going to be a long road. this first year will make us or break us.
i do have a pretty good idea to bring in money, and i'm starting that project as soon as thegrid.io launches in late may, early june, or if they grant me early access. it will be marketing related to bitcoin merchants in my area. i think if i spend my weekends reaching out i can gain some customers. we only need to raise between $2000-$5000 to get the working model of the payment system on a gaming website up and running. it doesn't have to be the prettiest or the best website ever. it just has to work and show that people can use counterparty tokens to play and charge a fee in a counterparty token of their choice to play. that's very valuable to build. and once we show that it can work, then we can hopefully raise bitcoin to build a really badass site that looks great and that we can add a lot of token control access features to. we also are at the hands of counterparty releasing the smart contracts on the mainnet so that devs can use them to develop features like this. hell, you never know, another dev might even be working on these things now and we can just use their open source code to build on. that's the great thing about bitcoin and counterparty. we will see soon!
