Quote from: 82ndabnmedic on July 20, 2014, 03:37:22 AM

Mark, I agree your theory is sound.

Also, I like the getmarked.com proposal, it is imperative that we promote Bitmark further.

I would also like to suggest that we begin documenting a proposal for the transition form Bitcoin to Bitmark. This is a very ambitious plan, but one that is necessary. The future of the crypto depends highly on ease of use. From small to large scale, secure and fast transactions, the Bitmark model is better adapt for commercial use. I will begin a proposal for this transition, as I do believe an enterprise / executive level model will be necessary for businesses to transition to Bitmark in the future (1-3 years). I would greatly appreciate the communities input, as well as your thoughts on this Mark.

Thanks,
Medic

Thank you as always for your support and kind words.

Adoption
Creating GetMarked will be enjoyable, I feel it is something my friends and family would use.

Reputation systems such as scores, karma, and likes have proven successful, Marks are a distributed reputation system which can follow a user around the web, and also real life. The novel part is that they are backed by currency, they are literally currency, the more the marking system is used the higher the value of each single mark. This adds a layer of competition and incentivization for users, they will compete for marks and watch the value rise. Natural milestones exist, to get 1000 Marks, and later 100, adoption milestones where a mark is worth a cent, then ten. Eventually marking something could be synonymous with paying for something. Marks are to be earned, each mark earned by an individual adds value to all.

Consider marks to be spendable karma, an amusing post on a social network could pay for your coffee, marking a video of the crisis in syria could pay for aid on the ground, marking an article about a mistreated animal could pay for it's shelter, and marking this idea could pay for it's creation.

If I can explain it's far reaching impact in under a minute, then getmarked has merit and should be a priority for our project.

Transitioning
The process of a business transitioning from Bitcoin or Bitcoin based currencies to Bitmark is not so ambitious, and not so hard.

The question of 'Why?' is the one we must answer with a list of things of things which earn and maintain value. There are early bird incentives for any business who may adopt and take profit in BTM, the profit margin on a pair of shoes today may pay for a new point of sale terminal later.

Many of the technical considerations are minimal to any business who already uses cryptographic currency, as bitmark is always based on the current release of bitcoin, it is completely compatible today and next year.

I agree that it is wise to start work on an executive level model, and something which answers questions like 'can we use the same address?' and 'will our ecommerce system work with bitmark?', the answers to which we know are no and yes respectively.

You can be sure that both the community and I will support you in creating the document, as you are part of the community and we can all see this kind of support is what drives the project.

Quote from: DarkhorseofNxt on July 20, 2014, 03:45:22 AM

If i may suggest something. In Nxt, we have a mining asset, which we buy ghs for life which mines btc and in the end of the week those btc is converted to nxt and paid as dividends. Can't we do the same?

The ability to do this in any manner for any set of currencies already exists, anybody can do it in any direction. The flow of currency from one to another is a natural process, each entity chooses to do it based on their sentiment towards the currencies in question at that time.

The purpose of IPM is to promote fair balance and reasonable stability in all areas of Bitmark, as each area scales.

Suggest anything you like, all input on any avenue of the project is greatly appreciated and makes for an interesting discussion thread.