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Author Topic: IPO of future features  (Read 2036 times)

Sebastien256

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IPO of future features
« on: March 31, 2016, 10:07:35 pm »

Here the idea.

JLP 2.0 plan goes on.

We can however ipo the token of future 2.0 public childchains right now to raise fund.

Technically, all we have to found is a unique usefull feature to ipo. It is needed to be garanty to not include this unique feature in any other childchain including the NXT2.0 childchain. This would give value to these childchain token and could be sold now. Note that the IPO child chain would have only this unique feature additionally to basic like send and receive functions.

So which cryptocurrency altcoin functionnality shall we clone into a childchain and ipo right now? There are plenty of choice, afaik (dapps maybe  ;)). Or maybe ipo a new AE v2.0 childchain token! That would certainly have some success.

It would certainly be more usefull to have those altcoins functionnality directly inside the 2.0 platform rather than outside of it.
« Last Edit: April 01, 2016, 01:08:32 pm by Sebastien256 »
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devlux

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Re: IPO of future features
« Reply #1 on: March 31, 2016, 10:29:47 pm »

The problem with this of course is that it would need to be accepted by the core dev team and there is no guarantee they would allow it.
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Sebastien256

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Re: IPO of future features
« Reply #2 on: March 31, 2016, 10:32:44 pm »

The problem with this of course is that it would need to be accepted by the core dev team and there is no guarantee they would allow it.

But that is a similiar problem with every crypto software not? Like the number token in the system and to whom those token belong to and such?
« Last Edit: March 31, 2016, 10:36:48 pm by Sebastien256 »
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devlux

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Re: IPO of future features
« Reply #3 on: March 31, 2016, 10:37:44 pm »

The problem with this of course is that it would need to be accepted by the core dev team and there is no guarantee they would allow it.

That is a similiar problem with every crypto software not? Like the number token in the system and to whom those token belong to and such?

Yes which is why my Pay on Delivery system would revolutionize crypto, because it takes that gatekeeping function away from the devs and puts it into the hands of the stakeholders who when push comes to shove are the only ones impacted by changes.  In the meantime it compensates developers fairly for their time by paying them what they think their time was worth.
 
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Sebastien256

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Re: IPO of future features
« Reply #4 on: March 31, 2016, 10:41:16 pm »

Ok! Any more critics on the proposition?
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durerus

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Re: IPO of future features
« Reply #5 on: April 01, 2016, 11:59:15 am »

Or maybe ipo a new AE v2.0 childchain token! That would certainly have some success.

Wasn't one of the beauties of 2.0 supposed to be assets being able to be traded globally (against BTC on BTC backed childchain, against USD on USD backed childchain etc.)? If you want to sell AE tech to investors, future income from AE fees has to go to investors. Otherwise there would be no reason for investors to buy it. But wouldn't that presuppose that assets cannot be traded on other childchains?
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Sebastien256

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Re: IPO of future features
« Reply #6 on: April 01, 2016, 12:06:54 pm »

Or maybe ipo a new AE v2.0 childchain token! That would certainly have some success.

Wasn't one of the beauties of 2.0 supposed to be assets being able to be traded globally (against BTC on BTC backed childchain, against USD on USD backed childchain etc.)? If you want to sell AE tech to investors, future income from AE fees has to go to investors. Otherwise there would be no reason for investors to buy it. But wouldn't that presuppose that assets cannot be traded on other childchains?

All fees to trade could be denominate in the child chain fee I think. But you might be right, a new AE exchange was just an example, but it might not be the better case suited. I don't follow altcoin much, but with all the number of altcoins, surely there is somthing that could be incorporate uniquely in a child chain.
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durerus

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Re: IPO of future features
« Reply #7 on: April 01, 2016, 12:35:55 pm »

This searched for feature would have to be really big to attract millions or at least hundreds of k USD from investors like LISK or ETH did. And this feature being not in NXT childchain would make the childchain tokens of NXT holders relatively worthless, especially when all the functionality of the NXT childchain can also be in the ICOed childchain that has in addition to that the big feature. Stakeholders won't like that.

And a big feature would surely mean a lot of work for devs, even before ICO just to make a proof of concept and see whether the big shit is feasible. 2.0 is already a lot of work. They cannot work on big shit feature in parallel.
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Sebastien256

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Re: IPO of future features
« Reply #8 on: April 01, 2016, 12:39:31 pm »

Ok, no the idea was to make IPO childchain with a unique feature and with only one feature. Dapps childchain or smart contract child chain is the only thing that come to my mind that could be value a lot and not devalue a NXT2.0 childchain. (of course send and receive are function to be implement in the childchain too)
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durerus

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Re: IPO of future features
« Reply #9 on: April 01, 2016, 12:48:01 pm »

Ok. Hope this is possible. The prevention of other chains to include it or something similar would have to be in the code. Otherwise you would need a central authority that decides which childchains are to be accepted. Anyhow. This would be the best solution, if possible in a decentralized way.
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Sebastien256

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Re: IPO of future features
« Reply #10 on: April 01, 2016, 12:55:52 pm »

In such a scenario, my understanding is that the "one-button create child-chain" would not have the option to include the unique features of the IPOs childchain. NXT2.0 childchain would not be allowed to have these feature too.

Someone is always free to clone the platform as with any other crypto software tho. But I think the synergy of all the childchain would prevail.

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Marc De Mesel

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Re: IPO of future features
« Reply #11 on: April 01, 2016, 03:34:27 pm »

Yes which is why my Pay on Delivery system would revolutionize crypto, because it takes that gatekeeping function away from the devs and puts it into the hands of the stakeholders who when push comes to shove are the only ones impacted by changes.  In the meantime it compensates developers fairly for their time by paying them what they think their time was worth.

A very good idea.

Brangdon

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Re: IPO of future features
« Reply #12 on: April 03, 2016, 12:27:03 pm »

Wouldn't this damage Nxt? If every new feature needs its own child-chain, and no other child-chain can have that feature, then we no longer have a simple, integrated system. We'd have to keep moving coins from one child-chain to another to use their different features. It's needless friction.

This was considered for Shuffling. The original plan was that Shuffling would be supported by MS currencies only, and not for NXT. To shuffle NXT, you'd have to buy some currency, shuffle it, then sell the currency for NXT. We had a vote about whether that would be a good approach, and the community rejected it. It's far nicer to have shuffling available for the core coin.
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Sebastien256

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Re: IPO of future features
« Reply #13 on: April 03, 2016, 12:32:45 pm »

I don't think it would damage the platform in a broad sense since it would get new funding, and there is no need to ipo every new feature.  Note that new external funding also generaly imply new user. The total synergy of the platform would increase imo. Surely it could be a bit more complicate to use the feature, but I see this as a necessary evil in this proposition for not screwing anyone (like in fNXT ipo proposition and expropriation).

Edit: For doing a transaction on another childchain, the fees could also be optionally denomiate in the coins you own and automatically exchange for the coins needed. I think this would be need to be program in the platform to avoid having multiple coins. In any case this problematic is a broad problem of 2.0 anyway, so I hope 2.0 JLP plan for this from the start and right now.
« Last Edit: April 03, 2016, 12:52:19 pm by Sebastien256 »
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farl4bit

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Re: IPO of future features
« Reply #14 on: April 03, 2016, 08:06:39 pm »

This was considered for Shuffling. The original plan was that Shuffling would be supported by MS currencies only, and not for NXT. To shuffle NXT, you'd have to buy some currency, shuffle it, then sell the currency for NXT. We had a vote about whether that would be a good approach, and the community rejected it. It's far nicer to have shuffling available for the core coin.

I almost forgot about that. We as community decided for that. People should not complain about not having influence on the development of Nxt. Jean-Luc made that poll and asked us for direction.

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