So EOS raised $4 billion to for EOS. But most of this money is actually going to be used to incentivize developers to build on their network.
No matter what you think of EOS, that’s real money to pay people to build the DApps of tomorrow. A kind of crypto VC fund directting innovation towards their blockchain…
Ethereum grew primarily by ICO’s, the ability to raise money and build easily on ethereum,
Furthermore the Ethereum Foundation works with other blockchains like Augur and Golem to help make interoperability easy as the projects progress.
Bitcoin had a bunch of rich early adopters who originally put funds back into bitcoin development until the splitting and in fighting took over.
But part of the reason for the alt-coin rise was developers could make more money creating their own cryptocurrency, rather than building on bitcoin - the one flaw that Satoshi didn’t account for.
My point is this…
As Maidsafe approaches the latter stages of development and works its way through the Alpha and Beta stages, we want as many developers to start to get involved and understanding the unique capabilities of the network.
In that way the network hits the ground running from an ‘ordinary user’ point of view. people who just surf around to see whats there.
Of course, you can just take the ‘build it and they will come’ approach.
But - and I’m no developer so I could have this wrong - that would rely on a smaller subset of ‘true believers’ working for peanuts in the hope the network ‘made it’ eventually and rewarded them in time.
There’s nothing wrong with that. It might just take longer?
But what if the current community could instead invest in developers now in return for a percentage split of any future potential Pay The Producer (PTP) rewards down the line.
Someone wants to build a Decentralised YouTube? Great here;s some cash to build it. If its popular the developer forfeits 10% of the future PTP rewards…
Want to make a ‘Wordpress for Safe’? - Great here’s some funds, but we’ll take 15% of future PTP reward… etc etc
It’s almost like Maidsafe’s own ICO process but in return for actually building interesting and cool stuff for eventual users on the network.
It might attract developers to start getting started early in Maidsafe.
Like right now!
And it would allow early adopters that aren’t necessarily developers - like me - to grab a stake in some cool ‘built for Maidsafe’ sites.
It might even make the DAO a popular marketing vehicle for maidsafe itself!
After all, most of the interest in crypto is self-interest. It tends to lead the thinking!
I thought DAO type structure might be good for this idea. That way funds could be pooled and directed using the ‘wisdom of the crowd.’ And it would also open up a marketplace for developer ‘pitches’ in a free market environment.
It’d be cool if you could build this on SAFE now but if not, it can be done on ethereum or another platform until the network is capable…
Or completely unnecessary maybe?
Happy to get some feedback…