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 miners 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 miners 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
Maybe we could pay code by the 1k lines, and art per 1k pixels, and diversify the payout scheme. (CodeTome.com, ArtTome.com)
I am in favor of an increased miner subsidy!
The proposal is to reduce the writers pay to 45% of the 90% that is going to "developers". As bounties complete the value of the coin will rise giving more incentive to write and slowly reduce the 45% to use the ad revenue that should grow and help make devtome self sufficient. There writers payout percentage should be based on a metric and should reduce as the ad revenue increases. This should not be a set 45% but a max of 45% with no ad revenue. If there is any revenue the payout percentage decreases the mining training wheels fund. As revenue from ads increases the writers earn more drawing in more writers.
The method of determining value is probably irrelevant because as the value decreases the bounty becomes less appealing. A piggy bank approach may offer a quicker way for bounties to be taken up. We would simply have to make them more visible to people through marketing ie add to workforcrypto.com and other places.. Admins should be doing this or set up a bounty to do this. Imagine a bounty set up when price was at 200 sat and paid per 1k lines but that bounty is still around today? You have to recreate that bounty to update based on todays value... why not let the piggy bank do the job for you and let the market decide what the correct value is for the bounty in terms of cost in DVC.
