Post
Topic
Board Announcements (Altcoins)
Re: Bitmark
by
coinsolidation
on 21/07/2014, 03:46:56 UTC
The results of the Second Round of IPM testing have been distributed.
Code:
Status: confirmed, broadcast through 6 nodes
32.0008 BTM to Bitmark Foundation bQmnzVS5M4bBdZqBTuHrjnzxHS6oSUz6cG
304.00 BTM to bDz5HR4xQCKsXw97riGN5yCss7FBaEncQ6
304.00 BTM to bYBJ77hXNiBBzLhaRZgpsDMZd3qZ3hnzi3
Transaction fee: 0.0005 BTM
Net amount: 640.0013 BTM
Transaction ID: 28a10c8775a8cf7ac19726f7633ee8b56688bbacf01705f43197ec221aa28e15

The final two rounds begun some hours ago.

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.

I seek the communities input on some points regarding the above, please take the time to read it has significant bearing on Bitmark. Remembering that a 'Mark' is a unit of our currency, 0.001 BTM.

1. This project requires a domain name, I feel it will need to be short, do you have any suggestions? remembering that this will appear almost distinct from bitmark.

2. The process of marking must be as easy as possible for your friends and family, there are technical limitations on facebook / twitter / reddit which constrain our approach, urls are key, hidden behind a button when possible. Technical input on what we may reasonably do on each specific service is required.

3. Care must be taken to balance different communities of content creators and curators, whilst acknowledging that we must start somewhere that is not within the crypto community. Each Mark will have limited value to begin, so it should be considered more as fun or reputation rather than payment, yet still earned.

We can provide things which look nice for anybody with their own website, or blog, via plugins, widgets, and code snippets. Social platforms can use an url until later. Can we identify some good places/communities in which to start?

Some designers and developers have offered to help, and two servers have been donated to this side project. It has been a quiet, but positive response.