Quote from: rbdrbd on November 28, 2013, 02:54:48 PM

Quote from: ninjaboon on November 28, 2013, 08:37:49 AM

Quote from: djohnston on November 28, 2013, 06:32:02 AM

LETS GET THESE GREAT DEVELOPERS FULL TIME ON MASTERCOIN

In my opinion the best way to do this is reliably and predictably vest the Dev MSC generated each month and we would have $312,500 USD in BONUSES, to add to the already great BTC bounties we offer.

If that's split between the current four Devs they would have made $78,125 USD in Dev MSC EACH MONTH the last three months = $234,375 USD and they would have quit their jobs by now. It really is that simple.

Even if we have 12 full time Developers working right now they would still be making $26,041 per month each just in bonuses from Dev MSC!

There would have to be 36 full time developers splitting the Bonus evenly to equal $8,680 USD per month and they would still be better off to work for the BTC and Dev MSC than take a $6,000 per month salary.

I say we unleash our most powerful weapon, thus far left neutered and under used for lack of a specified "Distribution Rate" in the MSC protocol.

I hope you will all vote in this poll going on right now and support the idea of actually using this Dev MSC that sitting there unused right now, for the most important purpose of all. Actually developing Mastercoin features and rewarding those who are doing just that.

https://bitcointalk.org/index.php?topic=348028.0

voted in the poll.
I've never seen so much time + effort been meted out for an open source digital project.
it's mind-boggling.

You have to be careful here with that kind of blind "firehose" strategy. As the developer behind "masterdaemon", which will soon be released, I will probably soon be the "5th" or "6th" developer. Why, in that case, should any of the other developers help me at all, if all I'm essentially doing is pulling money away from them? This kind of distribution scheme has a negative incentive to grow the dev community.

I mean, hell, I'd love to get this product out, sit around, and collect a "paycheck" in MSC dev funds, but I don't think that's very effective (speaking against my self-interest here). I would pay the active developers a smaller amount of MSC on an ongoing basis (on top of what you pay them in any kind of full-time salary, etc), and save half of that new amount every month for devs that release something NEW into the
community. This will incentivise people to develop new products and services for Mastercoin, and it will encourage new devs to join up (or existing devs to develop additional products/services), instead of making some un-inviting "money club" where all you're doing when you join up is taking away money from someone else. Coins awarded would be a subjective measure of how valuable the community finds this new product (we could even have a voting thread of mechanism for it).

I learned a lot of lessons starting and growing companies. I see a lot of these same mistakes being made (or being proposed) in this project. Especially when it comes to compensating and motivating developers/employees. Do we have anyone on the board that has "boot on the ground" operational experience growing profitable software/tech startups with more than 5-10 employees?

+1