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Marc De Mesel

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Business Model For NXT: Smart Fees
« on: March 29, 2016, 11:54:53 am »

New video:

https://www.youtube.com/watch?v=e5JUXPabW1I


Summary: No cryptocurrency has found an attractive sustainable business model. Asking for donations is a bitch, ICO money dries up sooner or later and continuous inflation defeats the whole purpose. There are many companies who make money without printing more shares. They ask money for their services. So should we.


« Last Edit: March 29, 2016, 01:26:39 pm by Marc De Mesel »
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SkyNxt

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Re: Business Model For NXT: Smart Fees
« Reply #1 on: March 29, 2016, 02:36:40 pm »

Great idea!
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Jose

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Re: Business Model For NXT: Smart Fees
« Reply #2 on: March 29, 2016, 02:55:07 pm »

DASH does something like that to support the nodes. A portion of the mining (40%?, I can't remember) goes to the people who run a Master Node. So there are a big number of nodes in DASH.

In Nxt, those fees could be redirected to the Foundation address, the Dev's address, or any other address that the community could vote every couple of months.

The problem is that it wouldn't be enought with the current fees/rates.

From what I'm seeing from the Nxt wallet right now:
-Average fee per block (NXT): 1.27
-Block generation time (s): 54

That makes:
-Blocks generated in a year (at current rates): 365x24x60x60/54= 584,000
-Fees generated in a year: 584,000x1.27 = 741,680 NXT

If you took 50% of the current fees from the forgers (temporary or not), you would get about 375,000NXT a year
« Last Edit: March 29, 2016, 07:41:16 pm by Jose »
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SkyNxt

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Re: Business Model For NXT: Smart Fees
« Reply #3 on: March 29, 2016, 03:05:39 pm »

This seems to be sustainable long term solution.
Even better if there is an option to vote percentage of block subsidy fee to be changed on merits.
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Marc De Mesel

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Re: Business Model For NXT: Smart Fees
« Reply #4 on: March 29, 2016, 03:20:16 pm »

Thanks guys, happy you see the potential as well. :)


Sure fees are low currently but we have operated in a 'everything must be very cheap'.

We can raise some fees dramatically, and make many fees recurring instead of 1 time.

On top we have not focused on getting more assets launched, more aliases used, etc.


I think if you combine the vision of devlux with this idea to implement smart fees, we have a winner on our hands.

Indeed, you can combine it with voting to have more decentralized decision making as well.


The only thing I'm worried about is legal. Would it expose us to more legal risk?

Marc De Mesel

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Re: Business Model For NXT: Smart Fees
« Reply #5 on: March 29, 2016, 03:23:58 pm »

DASH does something like that to support the nodes. A portion of the mining (40%?, I can't remember) goes to the people who run a Master Node. So there are a big number of nodes in DASH.

Yeah, I heard other good stuff about Dash, that they have also a real business model, it is via inflation though I think but they do pay the devs themselves decently?

devlux

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Re: Business Model For NXT: Smart Fees
« Reply #6 on: March 29, 2016, 05:07:51 pm »

My thoughts.  We keep referencing "other coins", but what other coins do is obviously not working or they would rule the world.
Instead of looking at or even caring what Dash, Bitshares, Bitcoin etc is doing.  Let's try our own thing.

Topic

Business Models for NXT

No ability to pay core devs who will start working for other people, i.e. blockstream take over of bitcoin.
NXT 2.0 design seems to be to allow selling of private copies?  (I didn't follow that one marc, I'm just repeating what you said).

There needs to be an internal mechanism for compensation.

Options

ICO:  Create new or more currency but scarcity is a good thing for the price of the coin.
Fees:  Tx fees and fees for doing things are good but go solely to miners.  Also fees make a coin unattractive to users.

Smart Fees:  Fees to make money, the fee scales based on demand.  Asset creation fees would be a primary revenue generator.
Outside Investment:  If you seek outside investors in the org or development then the investor gains capture, of the entire coin, i.e. blockstream problem.
Donations:  Good luck!

My thoughts...

The argument feels confused in general.  Even if you setup a "smart fee" system, where devs get a portion of the fees on each block mined, there is nothing stopping someone from hiring the devs away.  Furthermore, fees are a bad option because if fees are high, users will generally seek out the least expensive option for doing whatever it is they are trying to do.  Taking fees away from miners is going to piss miners off who will move to whatever makes them the most money.

Honestly outside of our little club here no one cares about NXT, ETH, BTC, Bitshares etc. 
What they care about is the value of the coin.

This value is based on "perceived utility" and "confidence in the future of the coin".

Key take away here.  First mentally separate two concepts, NXT the asset and NXT the tech.

How about instead of a "business model for NXT", we talk about "How NXT can be a model for businesses?"

Money should be absolutely boring.  No one except speculators, want the new hot coin, they want the new hot tech.
NXT the asset should not change at all. 

Rather than an ICO or a 2.0 version, there should be a huge marketing push.
"Look at how boring and stable our asset is.  This is because we did it right from the beginning.  We don't need to increase blocksize we can already accommodate anything you might want to do and we've been adding new features to the core CLIENT almost every quarter since inception.  But the coin today is the same coin as it was yesterday."

"Now have a look at our slick client / wallet used for interacting with your NXT assets..."

At that point we go back to my original argument, redo the client.  Make it slick, quick, easy to use.
It should be completely intuitive to do any operation.  I shouldn't have to dig or guess.

Make NXT the software, the easiest, and most useful tech and the value of the NXT asset will rise accordingly.

Spin it with a single message along the lines of "Hey if you have a business, you should launch your IPO or equity crowdfund, directly on the NXT blockchain.  You can do it today.  Here's where you fill out the form, and the community here will help you setup everything so you can manage your own IPO directly"

Doing this is perfectly legal, I know because gemspace was originally going to serve as an equity crowdfunding portal.  In the process of getting ourselves established, we discovered it is WAY easier and cheaper for a company to just run their own IPO on the NXT blockchain.  Running a portal site has massive legal and regulatory burdens that don't apply to businesses just running their own campaign.

But you need to understand the reason NONE of the businesses we spoke to want to use NXT is because there is so much other shit in the interface that they don't want to deal with.  It should be hidden by default.  On login you should see some big buttons, (My Money, My Assets, Other)

My Money should take you to something that allows sending NXT or other currency in no more than 3 clicks.  Sending Money and sending Currency should absolutely NOT be separate operations.

My Assets should take you to a market showing the things you currently own and the top 10 or so most active assets in the market place.
My Assets should also have an "issue asset" button that takes you to a wizard which goes step by step through the issuing process including streamlining the process of acquiring NXT.  This presents a revenue opportunity.

In order for a legit company to create an offering, there are some due diligence requirements that cannot be avoided.  However we can turn that into a feature.

A list of providers can be presented based on the country the business is in. 
Providers can and should pay a fee to the foundation to register to be listed there.

The provider should provision the NXT necessary for the business, but would also be tasked with handling the AMLKYC requirements in their country. 

Issuing really OUGHT to be it's own separate coin and something that is burned in the process. 
The devs, the foundation or whatever could make that a completely separate thing and mint as much as they want and charge providers as much as they want. 

Just break it out entirely from the core NXT asset. 

In otherwords, buying and selling assets would continue to use the core NXT coin, but issuing a new asset would require iNXT and ONLY devs or the foundation get the ability to mint that.
 
This is a blend of tech and marketing and should result in a massive increase in demand for NXT, because speaking as a business owner it scares the shit out of me each time someone starts tossing around the 2.0 term on anything I'm using as a core part of my business.  I can't even begin to tell you how bad Bitshares screwed up with their 2.0 release.  Anything Bitshares did, please consider doing the opposite.

So in summary here is my open letter to the community and the devs...

Dear NXT,
Speaking for all business owners everywhere.

We want you to be boring, please don't do a 2.0 just to raise funds.
We want you to be simple, please do a "client 2.0" and use the funds to make the client drop dead simple.
We want you to be useful, please create a "service market" of people and companies who are external to the client to help me launch my business's equity offering on your blockchain.  Link to these companies from your website and keep the links fresh and updated.

Thank you!
Sincerely,
Every business owner, everywhere

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Joggy1986

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Re: Business Model For NXT: Smart Fees
« Reply #7 on: March 29, 2016, 07:04:12 pm »


-My thoughts.  We keep referencing "other coins", but what other coins do is obviously not working or they would rule the world.
Instead of looking at or even caring what Dash, Bitshares, Bitcoin etc is doing.  Let's try our own thing.


-How about instead of a "business model for NXT", we talk about "How NXT can be a model for businesses?"


-Rather than an ICO or a 2.0 version, there should be a huge marketing push.
"Look at how boring and stable our asset is.  This is because we did it right from the beginning.  We don't need to increase blocksize we can already accommodate anything you might want to do and we've been adding new features to the core CLIENT almost every quarter since inception.  But the coin today is the same coin as it was yesterday."

"Now have a look at our slick client / wallet used for interacting with your NXT assets..."

-At that point we go back to my original argument, redo the client.  Make it slick, quick, easy to use.
It should be completely intuitive to do any operation.  I shouldn't have to dig or guess.

-Make NXT the software, the easiest, and most useful tech and the value of the NXT asset will rise accordingly.

-Spin it with a single message along the lines of "Hey if you have a business, you should launch your IPO or equity crowdfund, directly on the NXT blockchain.  You can do it today.  Here's where you fill out the form, and the community here will help you setup everything so you can manage your own IPO directly"

-Doing this is perfectly legal, I know because gemspace was originally going to serve as an equity crowdfunding portal.  In the process of getting ourselves established, we discovered it is WAY easier and cheaper for a company to just run their own IPO on the NXT blockchain.  Running a portal site has massive legal and regulatory burdens that don't apply to businesses just running their own campaign.



Thanks devlux for this extreemly good post. I highlited some contributes i totaly agree with you.

I agree that we have to make NXT can be a businessmodel for businesses. IPO's and Crowdfunding are extremely expensive for businesses today. If we can do a succesful IPO of Crowdfundaction for a mainstream company would that be the perfect marketing.

Ohter coins only grow in value because there are mainstream company's working with them.

An ICO is only nice to raise funds for developers but it doenst attrack that much new users because we stil haven't a use case to show.
The second point that im against an ICO is the reason i'm investing in cryptopcurrency is that is there is a maximum coin supply. Adding new coins is the death of a cryptocoin in my opinion. We need to create trust in a coin en not acting like central bankers now creating new currency to try to solve our problems.

« Last Edit: March 29, 2016, 07:07:32 pm by Joggy1986 »
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farl4bit

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Re: Business Model For NXT: Smart Fees
« Reply #8 on: March 29, 2016, 07:07:36 pm »

I think it's hard to create fees for developers in a decentralized fair way. Some king of genie should take a look at this, but seems hard to value the code they create and let the system give them fees in return. Is this even possible?

The concept of the community funds was good too, a lot of devs got paid with that. And the fundraising for project Tennessee did very well too. The Nxt Foundation did a lot of stuff already.

When I think about it, we could add a function in the client to add extra fees to a Developer Fund besides the transaction fee, that needs to stay to secure the network. The funds in the Developer Fund could be controlled by Nxt Foundation and some other members and we can let the community vote for which feature the funds will be released with account control. Is that possible? And will it work?
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rubenbc

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Re: Business Model For NXT: Smart Fees
« Reply #9 on: March 29, 2016, 09:29:06 pm »

DASH does something like that to support the nodes. A portion of the mining (40%?, I can't remember) goes to the people who run a Master Node. So there are a big number of nodes in DASH.

Yeah, I heard other good stuff about Dash, that they have also a real business model, it is via inflation though I think but they do pay the devs themselves decently?

Hi marc! Take a look here ;)
https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=8585240

And: proposals https://www.dashwhale.org/budget
https://www.dashwhale.org/budget/completed  
« Last Edit: March 29, 2016, 09:33:08 pm by rubenaco »
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apenzl

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Re: Business Model For NXT: Smart Fees
« Reply #10 on: March 30, 2016, 12:41:41 am »

Ha, 2 days left till I can join this discussion, but I can't look away. Now I got 2 allnighters in front of me instead. Damned deadlines. :D

I need to say this: Devlux, thank you so much for your input and your letter! Thanks for sharing your ideas and knowledge.
And what a nice and necessary wakeup call we've all had. It's true joy to see this community finally get lively and ready to take action again.

I agree with you, @devlux, not necessarily on everything, but hey, most! Not least the vision.

I hate the idea of making an ICO with parts of the forging power (fNxt), I want NXT stakeholders to have the coin + ability to forge and vote that they invested in. Anything but that is a total no-go, imho.

But I can't totally dismiss the idea of an IPO. All the nice new user- and business-friendy GUI we agree is necessary needs to be developed (and marketed, not to forget).
Additional functionality and a simplified UI + backend CAN be added client side, be monetised in different ways and pay a % of recurring revenue to core devs and the foundation, if this is agreed upon. Splitting asset issuance fees from the NXT token in the core is another option. Raising fees for blockchain voting is also one, but it's not necessarily enough.

What I had in mind when I threw the idea of an ICO for a second childchain up in the air, was more accurately an offer for ppl to invest in (or become a part of) a community based RL company which would use Nxt to create many of those user-friendly and easy to use solutions to real world problems that we need. For end users and businesses. Now I'm not sure a company like that (http://smallbusiness.chron.com/advantages-decentralized-organizational-structure-603.html) would actually need a childchain. It could make an IPO for itself, raise NXT, $, € and BTC / any coin. Work with, or just donate to, Nxt core devs and Nxt Foundation / Nxt Community, maybe support the Nxt Foundation driven incubator program. Basic partnership idea is outlined @ https://nxtforum.org/general-discussion/time-for-drastic-measures-nxt-2-0-the-nxt-phoenix/msg213234/, no need to repeat it.

Most newcomers to Nxt - even parts of this Nxt community (!) - seem to think that the NRS client IS Nxt. That is, imho, one of the biggest misconceptions of Nxt we still haven't dismissed! I remember when there was a run for making the greatest Nxt client (http://nxter.org/nxt-client-showcase/). This was Feb 2014! Not every use case is (or has to be) built into Wesley's client (NRS). Lots of solutions to real world problems are inside the Nxt core. But look at Eth based ICO's. Businesses get $M's to develop what we've already had working in the wild for 2 years. They could offer it almost instantly if they used the Nxt API instead of starting from scratch with SC. A Nxt based company could focus on functionality, UI and marketing. Offer working solutions before anyone else, run on already proven tech, and donate funds to the core development.

Gotta get back to work.

Thanks a lot to marc, websioux, blacky, Brandon, Bas and Dave, J-L and Riker, Tai Zen and Leon Fu, devlux, void (for re-investing), all Nxters who speak up. You make me believe that 2.0 will NOT break our community, but do the opposite. What I see is the community finally becoming active again, and also (finally) a better communication between the users, businesses, external devs and the core devs.

Let's keep tapping into that momentum. But please don't touch 1:1 NXT:fNxt distribution. :P
« Last Edit: March 30, 2016, 12:46:00 am by apenzl »
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farl4bit

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Re: Business Model For NXT: Smart Fees
« Reply #11 on: March 30, 2016, 06:08:38 am »

Let's keep tapping into that momentum. But please don't touch 1:1 NXT:fNxt distribution. :P

Isn't the whole first distribution the thing that is bothering Nxt since the start? People who missed it are jealous and don't want to join, because they think the big stakeholders are running Nxt. I think that is one of the reasons Nxt isn't doing as good as it should.

When we do 1:1 NXT:fNxt distribution we keep the problem:
- Not many new people will join
- No new money get injected
- There will be no fund for developers
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apenzl

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Re: Business Model For NXT: Smart Fees
« Reply #12 on: March 30, 2016, 10:40:25 am »

Isn't the whole first distribution the thing that is bothering Nxt since the start? People who missed it are jealous and don't want to join, because they think the big stakeholders are running Nxt. I think that is one of the reasons Nxt isn't doing as good as it should.

Maybe.
Let's say we want to solve this by selling fNxt.

First, how big a % of the forging power would it be fair to take away from current investors?

-Blocks generated in a year (at current rates): 365x24x60x60/54= 584,000
-Fees generated in a year: 584,000x1.27 = 741,680 NXT

If you took 50% of the current fees from the forgers (temporary or not), you would get about 375,000NXT a year

Ok, why not make it 51%
After all, we may get fewer transactions when Coinomat leaves.
Plus, we want jealous guys to get happy, and it's only the security of the network we're selling.

Secondly, how much should jealous guys then pay for this Nxt forging token, which can be used for nothing but forging?
I guess it should be dirt cheap @ICO, now that fees aren't much and Nxt's new killer feature is "harnessing guys who missed the initial IPO".

Moment! Wasn't the fear of a n@s-attack another thing that kept people away from Nxt? Nah, must be just a rumour, forget about it.

So, we'll be confiscating forging power from current investors like the Nxters who bought first, those who bought when NXT price peaked, those who run Nxt services, current forgers. Then we'll sell it to jealous guys and other new speculators investors. We hope that they'll USE their tokens and support the Nxt network by forging. We also hope that current investors won't get jealous of the new investors / former jealous guys. Or even angry. We hope they won't dump. We want them to support Nxt. And if the former jealous guys suddenly sell their fNxt, it would also be cool if the current stakeholders and businesses would buy their forging power back at market prices, so that they can secure theirs and ours investment in NXT again.

Seems legit?
Am I too negative, have I missed something?

If not, we need to keep looking for alternatives.  :)

Some current (and even active) stakeholders are following this in silence. Here's a DM:

Quote
[12:30 AM]
Hi friend! Nxt2.0 will break the community, i havent skills for public comments but Im afraid :sweat_smile:  I spent a lot of money and time (like the majority of us) on Nxt. I'm not happy to loose my 1.000.000. I will be happy if the community will begin to work. There aren't more than 50/60people working for NXT now. Ipo only brings new speculators but no workers! Only put money for take money, nothing else...and they will have more benefits than us (we spent 2 years....and a lot of money they no...) I want to be happy with my forging stake, it's possible?... Im confused since hardfork.

farl4bit

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Re: Business Model For NXT: Smart Fees
« Reply #13 on: March 30, 2016, 11:32:17 am »

Forging in fNXT will be the incentive for newcomers. They will forge not only NXT, but all the other childchains which are going to be created. It's like mining different altcoins simultaneously. I guess that will attract more people in Nxt.

People say that they are not workers, but money collectors, but that is how the whole cryptocurrency scene is. People collect coins and want them to gain in value and start helping the community. We need more people, the current people are not doing enough seems to be.

People will only work for their coins/profit, but we need to get them in first imo.
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Marc De Mesel

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Re: Business Model For NXT: Smart Fees
« Reply #14 on: March 30, 2016, 12:07:19 pm »

DASH does something like that to support the nodes. A portion of the mining (40%?, I can't remember) goes to the people who run a Master Node. So there are a big number of nodes in DASH.

Yeah, I heard other good stuff about Dash, that they have also a real business model, it is via inflation though I think but they do pay the devs themselves decently?

Hi marc! Take a look here ;)
https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=8585240

And: proposals https://www.dashwhale.org/budget
https://www.dashwhale.org/budget/completed 

Hey Rubenaco! :)

Wow, that's really cool stuff they have there, sweet indeed!  8)

Thanks for sharing that :)

Marc De Mesel

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Re: Business Model For NXT: Smart Fees
« Reply #15 on: March 30, 2016, 12:58:26 pm »

Let's keep tapping into that momentum. But please don't touch 1:1 NXT:fNxt distribution. :P

Isn't the whole first distribution the thing that is bothering Nxt since the start? People who missed it are jealous and don't want to join, because they think the big stakeholders are running Nxt. I think that is one of the reasons Nxt isn't doing as good as it should.

When we do 1:1 NXT:fNxt distribution we keep the problem:
- Not many new people will join
- No new money get injected
- There will be no fund for developers

No, you always have many naysayers in the beginning before you prove to be successful.

Most people in hard money/freedom community said bitcoin would never work because it had no inherent value and should be backed by gold. Others said a limited supply would never work as money supply needs to expand with the economy. But the fact that bitcoin was not backed by anything but code and ideology of limited supply was what made it unique. If bitcoiners would have believed the widespread criticism and changed it by backing it up with gold, or let the supply increase with the economy, it would likely never have become big and changed the world.


Most people in crypto said about Nxt that distribution wasn't fair and was premine. But the fact that Nxt was the first to distribute the coin IPO style, with no mining, made it possible to get rid of inflation fully and keep the validation of transactions much more decentralised than bitcoin.

Making Nxt 'more fair' by introducing ICO, introduces inflation or dilution and takes away the zero inflation ideology behind it. Splitting the coin into 2 coins brakes down the strong decentralization of the validation of transactions.


This thread is started to find other solutions to our problems than braking down it's foundations.

A proper business model is what we need. That is not creating more coins, nor splitting the coin, but starting to ask decent money for the things you can do on our blockchain, and focus on having people use it more.

This will solve our biggest problem: a lack of people/capital valuing nxt coin, paying people decently that work for nxt, and having them focus on the right things: more users on our blockchain.

« Last Edit: March 30, 2016, 04:31:16 pm by Marc De Mesel »
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NxtSwe

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Re: Business Model For NXT: Smart Fees
« Reply #16 on: March 30, 2016, 02:06:47 pm »

Dear NXT,
Speaking for all business owners everywhere.

We want you to be boring, please don't do a 2.0 just to raise funds.
We want you to be simple, please do a "client 2.0" and use the funds to make the client drop dead simple.
We want you to be useful, please create a "service market" of people and companies who are external to the client to help me launch my business's equity offering on your blockchain.  Link to these companies from your website and keep the links fresh and updated.

Thank you!
Sincerely,
Every business owner, everywhere

+1440
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Jose

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Re: Business Model For NXT: Smart Fees
« Reply #17 on: March 30, 2016, 02:13:14 pm »

Hi marc! Take a look here ;)
https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=8585240

And: proposals https://www.dashwhale.org/budget
https://www.dashwhale.org/budget/completed 

Thanks for the info Rubenaco.

From those links:
Quote
Updated Reward Schedule:
45%   Mining Reward
45%   Masternode Reward for Proof-of-service
10%   Decentralized Governance Budget

There's a slight difference (if I undestood it correctly): DASH is POW, and not all the coins have been created, yet.
There are about 6,300,000 DASH right now and, in the end, there will be around 19,000,000 DASH
So, obviously, it's easy for someone to get revenues from there, at least as long as new DASH coins are been mined, inflation takes place and you can take advantadge of that new supply.
I wonder what will happen when all the coins are finally mined and nodes, devs, etc. have to rely just on transaction fees (like Nxt today) ::)

The idea could be good, we could use Nxt voting system to allocate those fees, but maybe the money collected is not enought at the moment.

Anyway, I think you can't take all the portion (not even the bigger portion) of the forging fees, specially now that we are planning to split the original coin and have fnxt only for forging. Interest in fnxt would decrease and maybe the security of the platform too if forger don't get some kind of revenue (eventhought nobody becomes rich by forging. I forge - with my limited stake- just to support the Nxt ecosystem ;) ).

In a previous message in this thread, I made some really rought calculations based on actual usage (I think that there's an average of 2transactions/min).
But the more transactions, the bigger the fee per block. And much more transactions per minute are expected in v2.0, aren't they? ;D

https://nxtforum.org/index.php?topic=10828.msg209810#msg209810
https://docs.google.com/spreadsheets/d/1C2lgUpSLxUJma3KsJV-lTs0B5mANolZqQZiS8StwVtI/edit?pref=2&pli=1#gid=0
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websioux

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Re: Business Model For NXT: Smart Fees
« Reply #18 on: March 30, 2016, 03:43:45 pm »

You want things to be done ?

- Create a pool and put nxt coins in it, and make an offer.
- Then devs come and make a counter offer.
- Then you vote who wins the contract.

Whitelist some dev bidders and in the futur you do not need to vote anymore.

And prepare something to vote if you are happy or not while and/or before it is finished.

It is the "exact" reverse case of this : https://nxtforum.org/general/a-'buy-offer-confirmed-order-book'-for-shops/msg212717/#msg212717 where something is sold and buyers bid at lower prices until the seller decide to pick some (which seems slightly easier to realize).

That's also the reason why I'm talking about building functions and not features.

Conceptually AE/MS/DGS are all the same, they could have different set up parameters. In the code and DB they seems to have been conceived separately (which I understand, that's always like this in the beginning). Then, usually comes the time for factorization which opens new doors (that are generally not all usefull but here it's seems many are interesting doors to look at).

If we could play with these parameters, the universal mechanism described above, to offer paid work and worker to counter offer, or the opposite in in my link, would easily be implemented in various environments. You do not need all in the client anymore, the client is a demo for admin people. Or you can but then it is really an admin client.

We need to build clients to achieve specific goals.

And the funding of development (improvement, marketing, external support) is a perfect case to work on. You have two birds with one stone, a killer app and you get the finance of our operability. Just imagine that the way the NXT community moves on becomes a model for all other open structures to copy.

This is what is at stake : Can we use our tool to start building a Decentralized Economy ?
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devlux

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Re: Business Model For NXT: Smart Fees
« Reply #19 on: March 30, 2016, 04:42:05 pm »

You want things to be done ?

- Create a pool and put nxt coins in it, and make an offer.
- Then devs come and make a counter offer.
- Then you vote who wins the contract.

Whitelist some dev bidders and in the futur you do not need to vote anymore.

And prepare something to vote if you are happy or not while and/or before it is finished.

It is the "exact" reverse case of this : https://nxtforum.org/general/a-'buy-offer-confirmed-order-book'-for-shops/msg212717/#msg212717 where something is sold and buyers bid at lower prices until the seller decide to pick some (which seems slightly easier to realize).

That's also the reason why I'm talking about building functions and not features.

Conceptually AE/MS/DGS are all the same, they could have different set up parameters. In the code and DB they seems to have been conceived separately (which I understand, that's always like this in the beginning). Then, usually comes the time for factorization which opens new doors (that are generally not all usefull but here it's seems many are interesting doors to look at).

If we could play with these parameters, the universal mechanism described above, to offer paid work and worker to counter offer, or the opposite in in my link, would easily be implemented in various environments. You do not need all in the client anymore, the client is a demo for admin people. Or you can but then it is really an admin client.

We need to build clients to achieve specific goals.

And the funding of development (improvement, marketing, external support) is a perfect case to work on. You have two birds with one stone, a killer app and you get the finance of our operability. Just imagine that the way the NXT community moves on becomes a model for all other open structures to copy.

This is what is at stake : Can we use our tool to start building a Decentralized Economy ?

@websioux see also https://nxtforum.org/general-discussion/a-modest-proposal/msg213899/#msg213899
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