Stock Market where the people are the assets

popovicbit

full member

Activity: 144

Merit: 101

Quote from: donalddlanod on November 21, 2016, 06:35:26 PM

Quote from: Emerge on November 17, 2016, 11:39:32 AM

Quote from: Dassi on November 17, 2016, 07:51:16 AM

I see nothing wrong with OP's idea. At least now we have TIT coin - what's the coin for, promoting tits???
- OP's coin will make good sales because companies also pay celebs for product advertisements.
So maybe OP can reach an agreement with the celebs.

Yes, but its an infringement of copyrights to be saying that you have any form of ownership of a name in showbiz... Especially musicians and actors...

You cant use celebrity names without paying a royalty. Ask Michael Jordan.

Is there a way to get around that? I assume you need their permission, so setting aside 10% of total coins for said celebrity wouldn't work.

What if you changed the name of each celebrity a bit and made it a parody? Isn't there a law that allows you to parody a thing and not infringe on copyright?

donalddlanod

newbie

Activity: 28

Merit: 0

Quote from: Emerge on November 17, 2016, 11:39:32 AM

Quote from: Dassi on November 17, 2016, 07:51:16 AM

I see nothing wrong with OP's idea. At least now we have TIT coin - what's the coin for, promoting tits???
- OP's coin will make good sales because companies also pay celebs for product advertisements.
So maybe OP can reach an agreement with the celebs.

Yes, but its an infringement of copyrights to be saying that you have any form of ownership of a name in showbiz... Especially musicians and actors...

You cant use celebrity names without paying a royalty. Ask Michael Jordan.

popovicbit

full member

Activity: 144

Merit: 101

I understand that it would be a "shitcoin" when compared to the bitcoin or ether. I think the value is not in the coin in and of itself. The value is creating a whole environment of "shitcoins"/Celebrity coins that will be fun the trade based on how they perform in the real world.

Having a few celebrity coins wouldn't do either. There should be hundreds of actors, musicians, or sports figure that someone can choose from. I imagine it more as a game than anything else.

StewieG

hero member

Activity: 532

Merit: 500

A brilliant idea! Such deep thinking! This is what I imagine when I hear #MakeStockMarketGreatAgain

BuySomeBitcoins

sr. member

Activity: 434

Merit: 253

So, what is the value of a given token ?

U2

hero member

Activity: 676

Merit: 503

I used to be indecisive, but now I'm not sure...

Quote from: popovicbit on November 16, 2016, 05:04:34 PM

Quote from: U2 on November 16, 2016, 04:47:14 PM

Rofl! You know what a stock is right? You own a portion of a company. You can't 'own' a celebrity or person because slavery is illegal. Go ahead and lock the thread now.

LOL!

This token would not be a legal ownership of a person.

Are you trolling me?

How is that a troll? It's a legitimate question. Do you understand what a stock is? If you own some arbitrary coin that has a celebrities name attached to it it's just some shitcoin (eg. Trumpcoin). Idiots will buy it because they feel that it's somehow attached to them but then when the shitcoin crashes because it's literally worthless they'll wonder why the celebrity status didn't make the coin more successful. It's because you don't own any asset that's actually attached to that celebrity. If you want to invest in a celebrity why not invest in one of their businesses?

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: popovicbit on November 18, 2016, 01:37:00 PM

Can't these tokens be created in their own "eco-system"? I don't want to randomly create the "kanye coin", which already has been done, but I would like to create a separate space for these types of tokens.

I wish I had some programming skills to do an MVP.

How can the hurdle of copyright be taken care of?

Just make an original one so you wouldn't complicates other peoples work and also if you don't have skills for building that, well you really need to hire people that can work for you so your project well be done according to your plan, and hiring skillef people can lessen your hassles get on how to make your projecy to be done, aswell us just do some crazy research first on how things work so you will have little knowledge about it since you are planning to build some great business ahead.

popovicbit

full member

Activity: 144

Merit: 101

Can't these tokens be created in their own "eco-system"? I don't want to randomly create the "kanye coin", which already has been done, but I would like to create a separate space for these types of tokens.

I wish I had some programming skills to do an MVP.

How can the hurdle of copyright be taken care of?

Emerge

legendary

Activity: 854

Merit: 1000

Quote from: popovicbit on November 18, 2016, 11:59:53 AM

Quote from: piloder on November 18, 2016, 10:30:09 AM

I think you can't list this coins in any exchanger because there will be nothing backing this colored coins or you are thinking of starting ICO for this one also? And i don't know why you think that the activity of celebrity or popularity of his new album/movie gonna pump the price of his individual named coin. Roll Eyes

I see these colored tokens similar to trading cards. There will be nothing backing them. I think the fun comes in when people realize these tokens/trading cards have a limit in number.

Most successful trading assets in the market nowadays have actual backing and/or use in applications... Yours is just going to be a trading card game?
Without any backend at the moment?

mindrust

legendary

Activity: 3276

Merit: 2442

If it would have been existed, I would have bought lots of Donald Trump stocks.

Guess what, you can/could have already do/done that! Not every celebrity has a company in the stocks market though, there are many.

popovicbit

full member

Activity: 144

Merit: 101

Quote from: piloder on November 18, 2016, 10:30:09 AM

I think you can't list this coins in any exchanger because there will be nothing backing this colored coins or you are thinking of starting ICO for this one also? And i don't know why you think that the activity of celebrity or popularity of his new album/movie gonna pump the price of his individual named coin. Roll Eyes

I see these colored tokens similar to trading cards. There will be nothing backing them. I think the fun comes in when people realize these tokens/trading cards have a limit in number.

piloder

legendary

Activity: 966

Merit: 1006

I think you can't list this coins in any exchanger because there will be nothing backing this colored coins or you are thinking of starting ICO for this one also? And i don't know why you think that the activity of celebrity or popularity of his new album/movie gonna pump the price of his individual named coin. Roll Eyes

popovicbit

full member

Activity: 144

Merit: 101

So this is basically like "pokemon card collection" i mean the pokemons are celebrity or famous people and the cards are the coins when people in this case the fans collect or buy them the price would be increase. Sounds interesting though i never heard something like this before but if i'm not wrong there was a coin called "Trump coin" was that promoting trump or something else i don't know exactly.
[/quote]

Yes...very similar to pokemon cards. I imagine people trading them or buying them off of each other for fun.

Quote from: Emerge on November 17, 2016, 04:33:57 AM

It would be better to think of it as buying and selling ownership of employees... But that's slavery lol.

Howabout team players in a team? But then you'll basically be a fantasy league. Lol.

Better luck next time bro

I think the analogy to a fantasy league is a good one. People like the idea of sharing in the success of others and comparing their skills, in predicting who will do better, with their friends.

I would assume celebrities would want a piece of the action since we are using their likeness. We can give them a percentage(maybe 5%) of the total coins created based on their likeness.

I think the number of tokens created per celebrity should also be vast because I would like fans/users to purchase a large number of tokens without spending lots of money. i.e. $5 should be able to buy someone 1,000's of tokens. Obviously the price will be lower initally.

Emerge

legendary

Activity: 854

Merit: 1000

Quote from: Dassi on November 17, 2016, 07:51:16 AM

I see nothing wrong with OP's idea. At least now we have TIT coin - what's the coin for, promoting tits???
- OP's coin will make good sales because companies also pay celebs for product advertisements.
So maybe OP can reach an agreement with the celebs.

Yes, but its an infringement of copyrights to be saying that you have any form of ownership of a name in showbiz... Especially musicians and actors...

Dassi

sr. member

Activity: 252

Merit: 250

I see nothing wrong with OP's idea. At least now we have TIT coin - what's the coin for, promoting tits???
- OP's coin will make good sales because companies also pay celebs for product advertisements.
So maybe OP can reach an agreement with the celebs.

anonbit992

sr. member

Activity: 378

Merit: 251

A Trader & An Investor

The idea seems like one of a kind. But what if those celebrities sue you and the people involved? It looks like you are using their life and achievements to create this tokens and using it on the market. Be ready to go ahead if you don't mind facing lawsuits. I like your idea but it's risky to go ahead with.

senyorito123

hero member

Activity: 1764

Merit: 505

#SWGT PRE-SALE IS LIVE

YOur idea will be good since we can follow peoples status symbol if they are popular, but i think its against the law, ita better to make it on stocks and really on companies on the said countries its because surely we can see many people would like it, and its totally acceptable by all people who's following business news, stocks on people would not be appealing just try to make a marketable aspects on wich true to life stock exchange.

MartinL

full member

Activity: 140

Merit: 100

Quote from: popovicbit on November 16, 2016, 04:33:10 PM

What do you guys think about creating a stock market where people are the assets?

I would initially limit the tokens representing people to celebrities or musicians. There can be colored coins that correspond to a known public figure. If that musician/actor comes out with a good album/movie, then their token/stock should go up in value.

To stick with your stock market comparison: The incentive to owning a stock is that it gives the holder a claim to a portion of the company and any dividends. That is why a market for stocks exists and why people are interested in buying them.

What incentive does your proposed asset offer? Why would it be worth more or less depending on the performance of the person it's bound to?

Emerge

legendary

Activity: 854

Merit: 1000

It would be better to think of it as buying and selling ownership of employees... But that's slavery lol.

Howabout team players in a team? But then you'll basically be a fantasy league. Lol.

Better luck next time bro

avatar_kiyoshi

legendary

Activity: 1106

Merit: 1000

Looks interesting, but I still confused the coins is presenting to celebrity/musicians, it's means the celeb/musicians itself is not involved/connected to the coin? Just when they create a masterpiece, a coin/token go up value? It's not against the law?

Topic: Stock Market where the people are the assets (Read 1732 times)