Topic: How can coin developers get paid (Read 672 times)
In my knowledge i think they get paid mainly by donations they receive from the community and the shares selling!!
how about get developers to make a website that takes on peoples idea's and suggestions. and puts on a bounty for that 'project'. if people really want that feature then they vote for it with money. that way developers learn what people want and only do work on something they get paid for.
Seems to me people are pretty stingy when it comes to coughing up for bounties.. You'll get the occasional generous contributor but I dont see that as a reliable income.
Looks like the IPO option is the most lucrative at the moment, with bitshares and mastercoin getting large investments before the software is even out.
Or the NXT approach made a lot for initial investors (though it was kinda an IPO also)
I'm just going over some options of ways a crypto-coin developer can earn some money for their hard work and potentially keep them incentivized to continue working on it.
So which of the methods below are more acceptable to the crypto community?
[/list]
Or any other suggestions?
So which of the methods below are more acceptable to the crypto community?
- Developer allocates 100% in the genesis block to themself, keeps a portion and promises to distribute as they see fit
- Developer allocates a small % in the genesis block to themself, remainder can be mined (whats an acceptable %)
- Sell shares in exchange for BTC like an IPO, and then distribute initial coins based on IPO allocation. Developer would buy large stake
- Protocol hardcoded to send a % of new coins/transaction fees to developers address
- Built in voting system to allow new coins/fees to be allocated to contributors
- Protocol hardcoded so any donations sent to developer pre assigned address give donors slight advantage/privilege over non donors
[/list]
Or any other suggestions?
how about get developers to make a website that takes on peoples idea's and suggestions. and puts on a bounty for that 'project'. if people really want that feature then they vote for it with money. that way developers learn what people want and only do work on something they get paid for.
imagine a list of suggestions:
make client background skinable - vote: 1Arandomaddresstosendfundsto
reduce minimal tx fee - vote: 1Arandomaddresstosendfundsto
developers see the list and get tempted to do the suggestion as there is money involved and demand for the feature
donations by the community that's how the Litecoin dev team gets funded .
I'm just going over some options of ways a crypto-coin developer can earn some money for their hard work and potentially keep them incentivized to continue working on it.
So which of the methods below are more acceptable to the crypto community?
Or any other suggestions?
So which of the methods below are more acceptable to the crypto community?
- Developer allocates 100% in the genesis block to themself, keeps a portion and promises to distribute as they see fit
- Developer allocates a small % in the genesis block to themself, remainder can be mined (whats an acceptable %)
- Sell shares in exchange for BTC like an IPO, and then distribute initial coins based on IPO allocation. Developer would buy large stake
- Protocol hardcoded to send a % of new coins/transaction fees to developers address
- Built in voting system to allow new coins/fees to be allocated to contributors
- Protocol hardcoded so any donations sent to developer pre assigned address give donors slight advantage/privilege over non donors
Or any other suggestions?
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