Hi Guys,
Since right now the writers are being paid 90% generation I propose that we add in a bounty share funded by the generation. I thought this was the original purpose of the coin to fund developers and writing was just a result of devtome which was the result of a bounty completed by a developer? How did devtome end up hijacking the entire 90% of the coin generation? Anyways what makes sense is if there is incentive to do some bounties because that's what will bring about results. Devtome is a great project and as more people write the hope is that ad revenue will fully support the writers. Since it is on training-wheels still it needs some percentage of the coins being minted to still bring in more people to write. The original intent was that devtome would support itself and bounties would be an going process. I propose we stick to the plan and taper off the 90% of the writers earnings to something more reasonable. The bounty program is just as important if not more important to the success of the project than devtome (which is a single bounty project). Since training-wheels are still needed I propose 45% of the generation goes to writers and 45% goes to the bounty wallet (like a piggy bank) such that when it gets big enough there is enough incentive for it to be claimed to finish new projects.
I'm not sure how this was all lost and why the full generation has been going to devtome... seems like this was changed somewhere along the lines when devtome was introduced, but I propose we get back to a viable economic strategy here. Unless we want to be called devtomeCoin.
Admins/Developers need to vote yes or no and we can tally the results and publish them. Maybe with their vote they can include a short explanation for their vote.
Jag
Since right now the writers are being paid 90% generation I propose that we add in a bounty share funded by the generation. I thought this was the original purpose of the coin to fund developers and writing was just a result of devtome which was the result of a bounty completed by a developer? How did devtome end up hijacking the entire 90% of the coin generation? Anyways what makes sense is if there is incentive to do some bounties because that's what will bring about results. Devtome is a great project and as more people write the hope is that ad revenue will fully support the writers. Since it is on training-wheels still it needs some percentage of the coins being minted to still bring in more people to write. The original intent was that devtome would support itself and bounties would be an going process. I propose we stick to the plan and taper off the 90% of the writers earnings to something more reasonable. The bounty program is just as important if not more important to the success of the project than devtome (which is a single bounty project). Since training-wheels are still needed I propose 45% of the generation goes to writers and 45% goes to the bounty wallet (like a piggy bank) such that when it gets big enough there is enough incentive for it to be claimed to finish new projects.
I'm not sure how this was all lost and why the full generation has been going to devtome... seems like this was changed somewhere along the lines when devtome was introduced, but I propose we get back to a viable economic strategy here. Unless we want to be called devtomeCoin.
Admins/Developers need to vote yes or no and we can tally the results and publish them. Maybe with their vote they can include a short explanation for their vote.
Jag
I agree with the gist of this post, I think we should consider rearranging the shares and reallocating and vote yes.
