How will this influence SuperNET shareholders?
Dividends mainly come in from 3rd party features - which are just what we need now, but may become a second choice in the future: MGW, InstantDEX +
I'm aware that dividends are to be considered a bonus in the IPO. Nevertheless, it's being sold as part of the package. I'm also aware, that there's planned an advertisement opportunity for other coins in the GUI.
I'm confident that SuperNET will add value to everyone participating > users, 1.0 coins, Nxt, BTCD, crypto in general, and even more as Nxt continues to implement core features. This alone makes it a good investment IMO, so the question is about the dividend-part.
Are SuperNET investors going to loose revenue as Nxt adds more (free) core features? Will it be dumped?
Or will SuperNET shares gain value because the new features will make SuperNET even more awesome to be part of?
Thoughts?
/apenzl
crypto is about choice and I do not want to be forcing people to use something they are not wanting to
so, depending on the percentage of people that choose to enable the NXT features, this leaves the balance to be using the services that are independent of NXT
Now the more features the SuperNET core coins get, the more powerful of a fiat magnet it will become
Remember the larger goals of SuperNET, UNITY and fiat suckage into crypto to multiply BTC marketcap
So, while a freely available NXT feature could negatively impact some revenue stream from some service that is obsoleted, the general rule is that service feature development is much faster than any NXT core development, simply due to the nature of the tech problem being solved. So if a service provider doesnt continue to innovate, then they are obsoleted.
In the real world if the first HDD makers stopped at 20MB (?) HDD as an addon and all computers included 20 gig HDD,then it is no surprise that nobody is buying the 20MB HDD addon. Services are add ons to core services. So there is some sort of competition here, but I am hopeful that in the spirity of UNITY that we can all understand that the better the core is the better the SuperNET is the more fiat comes in.
Now since there is no charge for these future dividends, I am hoping that people will not mind allowing me some discretion to adjust and adapt various feedbacks as the world changes. I am not smart enough to know ahead of time the exact details of the entire SuperNET galaxy. I want to setup a distributed mechanism to allow for organic allocation of resources to the most promising areas and let the revenue flows decide what is reinvested in.
I am working (actually I hired a pro writer) to boil down all my disparate ramblings into a single cohesive document. My current estimate is that initially a good portion of the SuperNET revenues will go into the coin communities of the SuperNET core. this funds improvments in these coins to create a better baseline level of funtionality.
In tech, you innovate or die. this is simply the rule and has nothing to do with the CORE expanding and obsoleting the services. For example I am just today receiving some really cool provably random crypto algo from Come-from-Beyond. This has initial application in the instaDICE asset which will be half owned by Privatebet, one of the CORE assets. While it is possible to fully decentralize the instaDICE and turn it into a DAC operated by instaDICE assetholders, this will be requiring some additional work. It is kind of cool though, so maybe I will do it sometime. But there is really no place for an instaDICE DAC to be inside the NXT core. I have announced a process to allow for any casino type of game to use the provably random numbers (actually statistical distribution) into SuperNET API and since I dont do GUI, I am opening discussions with anybody that has casino type games and benefiting from provably random numbers. This will allow creation of game specific assets that encapsulate the revenues from each game, with Privatebet owning at least half of each of these games. If you need capital to complete the game it will be increasing Privatebet's share. If not, we can split the revenues generated from the cross marketing traffic from SuperNET
so, yes, it is possible some services will be obsoleted, but with some coordination of what the near future SuperNET core features are, it wont be hard to avoid being obsoleted, as long as you dont stop coding!
I do realize this fuzziness about how all the future dividends will be earned, split, etc. is not giving a rock solid feeling. I hope that the minimal premium to obtain all this and the fact that I expect that the vast majority of my net worth will be in the form of SuperNET assets will provide some level of assurance that I will do what is right for SuperNET. I do have some decent track record of nurturing and improving my assets. I dont know the average ROI for all my assets, but they tend to do OK, especially since I am always trying to improve them
I am just not able to know ahead of time all of the specifics and so I have assets for each category and if I get an idea matching that category, it goes there. If it is an idea that I dont already have an asset to cover, then I might make a new asset or expand the category of an existing one and make it a subsidiary.
This SuperNET asset definitely did not fit into any existing asset. It is so big in concept, but it becomes the big superset asset where I believe all my current assets are fitting inside. So unless I come up with some idea in a different universe than SuperNET, then my ideas to improve the existing assets/coins will be within the SuperNET.
I hope this makes sense. For people that like schedules, charts, projections, spreadsheets, 5 year plans, unfortunately this is not me. I view it more an organic process. There is an apple orchard here, a vineyard there, etc. At first it might take some imaginations to see the full vineyard covering the entire hill, but everything starts with a seed and then grows.
James
P.S. tl:dr jl777 takes care of his investments and does his best to make them grow in value