Topic: Ransoming Business Model - page 2. (Read 3416 times)

Yes, and it was successful. However, it was a huge hassle to do it manually. That's why I develop a prototype at kibabase.com. Eventually, the code will come back to bitcoinweekly after it's all polished and the kinks are worked out.

Not interested.

Server operator and content provider are assumed  to be the same person. Also the web app can't deal with anything more complicated than listing donation address in advance and checking the balance against blockchain.info.

Didn't you try something like this with bitcoin weekly?

That's the, err, chaturbate business model. They seem to be doing well with it! Moving to bitcoin does seem an obvious step. Perhaps you should approach them about it?

On a technical note - I know you say your server doesn't hold any BTC but you might want to structure it so that the server operator can take a small % to cover costs etc.

The problem with all these business models is that they are oriented toward one-off projects, like a film project or a music album. Mine is oriented toward regular release of new content along with a smaller ransom goal.

This is ideal for someone who's a webcomic artist that add new comic strips on a regular basis. They don't try to build massive hype, but their archive do the hooking for them. This is also how bitcoinweekly works but I got tired of the whole process so I decided to build a prototype on kibabase.com that largely automates the operation.

If nothing else, a very interesting experiment.

Why would this model be superior to Kickstarter, or the BTC Kickstarter - or the similar sites? Instead of ransoming already-made content, they ransom yet-to-be-made content. Armory dev, for example, did a fundraiser seeking funds to do more dev-work, not have previous dev-work paid for. I'd be interested in seeing how consumers react to that.

I suppose, though, you get the immediate content, and nothing's left up in the air. Once the ransom reaches a certain point, the content's released. It would be exceptionally interesting to see some great artist hold his content ransom to see if he could get 2x what his label or related other distributor would give him over the next five years. Once the content's released, I'd assume it's public domain?

OTOH, it's kind of a pain in the ass for consumers, but maybe fun for people with too much time. Instead of just going to the store and buying the latest Batman-franchised item, you are faced with the world needing to raise $800m for the film to be released. Instead of paying distributors for marketing, etc, etc, the studio keeps the entirety (with a small share to the website), and instead of corporate publishing, the community seeking the film to be released ends up acting as your employees, going around trying to find investors to pay for the film. This also allows the rich to pay dramatically more than the poor, allowing prices to be based a bit more on relative wealth of the purchaser. If implemented for all IP, this could result in normalization of the standard of living, assuming the poor wouldn't just pirate what they can't afford.

There could be milestones, where bonus content is released, increasing hype - or tracks could be released one-by-one until an entire album is released, maybe releasing 5 tracks once the whole ransom has been paid to encourage people to see fundraising through to the end...

Require a PGP signature?

Hi, I been working on a business model idea for ransoming content, using kibabase.com as a prototype site.

How it works:

1. You hold new content and update for bitcoin organized as a "Ransom Bag". Then you count up the ransomed and determine the ransom price.

2. You wait until the donation amount reached the ransom price...OR new content/updates is added

3. If there's enough donation, the "Ransom Bag" is opened and now everybody get to enjoy it.

Also, my server do not use a bitcoind and hold any bitcoin. Instead, my web app use blockchain.info's JSON API to get an answer. This way, even if a hacker broke into my server, they can't steal any bitcoin as there is nothing to steal.

The only thing I need to worry about is somebody tampering with the bitcoin address. This is something I have not developed any countermeasure for.

RIght now, I don't have anything to ransom yet and the site is just a proof of concept.