Interesting point of view. How would you structure it so the team has a sufficient financial incentive to do their best work?
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Interesting point of view. How would you structure it so the team has a sufficient financial incentive to do their best work?
I don't think this was covered in this interview, or any others I have seen recently. When these tokens are reserved for the team, are they tied to metrics or goals? Typically compensation is tied to meeting sales goals, nights booked, usage etc. It seems with new ICO's the move has been towards a big payday to the team today, even if they project fails in 1,3,5 yrs. I would like to see these reserved tokens tied to growth metrics of the platform before being released. This would help ensure the team has the financial incentive to produce.
I would assume 15% of the value sold for each coin at sale. The reward would be based on total sales/shares. The problem is, the same people can set up and improve on how they organise start up coins every year, in competition with the last and each time get a massive payout. and the coin does not survive the small Majority once again gain while the Mass lose out.
What is the point of removing a fiat currency, if the market is to be flooded with too many Digital Currency. We have enough and should be working on consolidating a few currencies that can be used with less risk of loss of value. This flooding the market with new coins all the time will Kill them off. Trader will not wanting to be trading in 2000 currencies that all fluctuate with high variance. Where will you spend all the new coins. do you want a wallet you need 2000 coins it can work with, so you have the currency to pay a specific vendor?
I firmly believe that the coin who or one of the coins who will last and have a full life will be one with a social economics infrastructure in place as part of the rewards. this type of coin can only improve things for everyone and extend the reason of good will and equality. My views on these things I have not seen anywhere within r out of the Crypto, other then the mentioning of this or the system we work in does not work. and no one entertains the thoughts of solutions. I could go on and on. Maybe I should and maybe some might hear.
One possibility. would be they get paid from post updates like we all do, which I assume they do.
Add to that. A salary %. that salary % can be as high as 15% which is acceptable. However, Possibly a cap on a yearly earning. With a minimum term of contribution not below 5 years, will then also give an assured income of a set amount after they leave and move to areas they hold in interest. they can take with them an annual sum gratis payment. This conditional on length of input. min:3 yr .. 5 yr full benefit. Also they could not leave and go to a rival company or any that would compete with lets say Steemit.
I can see your brain ticking with the salary part. Not that hard to work around. As long as we can compromise on some things, we can do anything.
I possibly interpret things wrong, but I see a lot of talk about Freedom from the ruling class to put it simply. I also see many just trying to grab the loot. I see a lot of talk about how things are not equal and what is unfair. I see a lot of sad stories here, or people posting links to youtube soon to be Dtube I expect as they will get rewarded there too. I see no group coming together for the better of everyone.
I am not that strong in Steemit very new here. I did write a brief blog for social economics.
https://steemit.com/socialeconomics/@brayias/serious-or-just-all-talk
If you have time or interest in pursuing an idea like such. I would appreciate an audience with you to talk further.
Have slow inbuilt inflation similar to Eos, not a grab of tokens at the beginning.