Quote from: Kebooz on October 03, 2014, 04:35:07 PM

Original thread on the captcoin forum : http://CAPT.co.in/f506

Hello guys !

Ok, it's been a while I was thinking about some way to raise fund for Capt. And here's one of the idea I had...

Please apologize if some of my sentences are not grammaticaly correct, you know that I'm french

First of all, lets be clear about this project : It isn't finished yet and I need YOUR help to make this thing perfect. That is really important that everyone join this thread to add his opinion, to debate and to build a strong plan ! We're a community, that means a lot for me.

This is going to be a very long post, so take some time... I'll try my best to make this post as clear as possible.

Lets go.

I. The actual situation, my personnal point of view.

Alright, I think it is always a good thing to take some distance and look at the situation from another point of view. I'm too involved/in love with captcoin to be really objective but I'll try anyway.
First, Captcoin is a cryptocurrency, that's obvious I know. But referring to the captcoin's website, here's the main idea. The original one :

CAPTcoin is the first crypto-currency intended for everyone
To get other digital currencies, you need to be a tech-savvy and buy expensive hardware to be able to mine.

That was the original philosophy. A coin that would be available to anyone in the world, no ASIC/RIG needed. You solve captcha, you get rewarded.
And this plan worked just perfectly ! Thousands of people claimed Capt and our community was born ! That was our first success.

During this time, Captcoin started to get more and more famous. We grabed all the exchanges we wanted, price rised niceley and some crypo-specialized media started to speak about us.
More and more motivated people started to work for captcoin, including me. That was a perfect dream.

But things started to get worst after the distribution ends. The exact reasons ? I dunno... Maybe too many people just used CAPT as fast BTC faucet and didn't care about its philosophy. Some of the people that were very active here just left without a word... Maybe they just lost faith, maybe it's just like that. Shit happen. I won't judge anyone. But that was a hard punch for Capt.

Beside that, I noticed that our community was still there... Hidden behind the corner of a website, silently looking for changes. Those who were here for the distribution ending event may remember this incredible IRC chat we had ! That was just epic, I enjoyed this moment and felt like I had plenty of friends from all over the world.

That brings me to our strong/weak points...

Strong ones :

- Ecua. Great leader and great dev, he did an amazing great job with Captcoin and developping new features. That's his original idea and he should be glad of what he've done. I'm personnaly really glad to know him.
- The community. Looking at the past, we were able to do anything. Working all together. That's, imo, our special weapon and it shouldn't be underestimated. Beside that, some involved people are here and I must thank them for beeing so helpfull (Tijnar, Reidel, Tropa, Mrvanengelen, Geo, Soul, m1rage, trhao... And I'm forgetting a lot of them).

Weak ones :

- Developping projects. Yeah, that's our problem actually... We need skilled people, ready to begin and finish something. Actually we didn't manage to keep people... And Ecua cannot do everything alone (nobody can).
- Our community. That may sound weard but one of our strong point is also a weak one... We have a real problem here. I see a lot of energy on certain events, like fairpump ones, but when it's time to do more than just voting for a quick profit (e.g. Coinpayments.net voting) there's no more energy. Once again there are many reasons for that situation and I won't judge anyone. The thing is our community seems to be more active for giveaway...
- Money. Yeah money is a problem, I think we're all aware of that. We have no fund. No fund to control the market, no fund to hire dev (as no dev joined and stayed in the team), no fund to organize promotionnal events. No fund. Money can't buy me love, but money can buy the rest.

II. The plan.

We need to collect fund. That's absolutly necessary. And here's how I will use our strong points to make this thing happen... To achieve this objective there's no magic, I will need the maximum help from the community ! Any help will be more than welcomed. Because we are captcoin.Ready ? Go.

THE SILVER CAPTCOIN LOTTERY. A crypto-lottery for everyone.

Main speach : Buy a ticket and win a real Silver Captcoin !

Objectives : raising funds for Captcoin future developpments, markets controls, mining pool and promotionnal events.

Duration : Need to think about it. A week or two ? Depends on many aspects and I really need your opinion about that.

Projects steps.

I. Raising funds for the silver coin printing. Actually it costs, without shipping, 130 = $160 = 0.44BTC. That is our first community effort. We won't use CAPT for that purpose, to avoid dumps. I'm ready to put 0.1+ BTC for this, who's gonna follow me ? People that will put money for the 3D printing will become INVESTORS.

II. Promoting the lottery. I will design banners, facebook headers, twitters headers, graphical signatures for forums, animated gifs and a youtube video. Anything that could be used to spread the word. We'll spread the word everywhere it's possible (FB/Twitter/Bitcointalk/reddit/etc) and WE, as a community, will have to use all those graphic elements to promote the campaign. We also need to set a dedicated website/page and list all the participants.

III. Selling tickets. I think that we need to attract the maximum people we can. In order to do that we'll accept CAPT and BTC as a payment for the ticket. Ticket's price will be something low like 0.0005BTC / 40 CAPT (almost 0.1$).

IV. The winner is chosen, the Silver Coin is sent to him/her and we announce it on all the social media we used before (Twitter, Facebook, Bitcointalk, reddit, etc.)

No lets talk about the money we'll earn. I think it could be great to set different projects relativly to the money we manage to raise and here's my thoughts :

Raised funds.
(Those next point are just rough ideas, Nothing is planed and I think it should be a community decision)

- Less than 1 BTC (less than 3500 tickets) : That's a fail, no more. But we tried. anyway, if enough money were raised, investors will get refund with a nice 20% interest.

- 1 to 2 BTC (3500 - 7000 tickets) : investors get refund with a nice 20% interest. You put 0.1 BTC on the table, you get 0.12 BTC back. The rest of the money will be used for a market control, lets be honnest actually any 1BTC sell/buy order can put CAPT in a real shity situation. We should be able to fight this kind of problem.

- 2 to 5 BTC (7000 - 17500 tickets) : investors get refund with a nice 20% interest. 2 BTC will be kept for market control. 2 BTC will be used to buy a mining pool. A mining pool would have many advantages :
- Creating buy orders on the market, making it more alive than ever.
- Miners community will join our existing community, making it stronger than ever.
- Pool's fee will be used for raising funds.

- 5 to 10 BTC (17500 - 35000 tickets): investors get refund with a nice 20% interest. 2 BTC will be kept for market control. 2 BTC will be used to buy a mining pool. 5 BTC will be used for hiring a dev on a specific project for CAPT. This project will be chosen by the community.

- 10 - 20 BTC (35000 - 70000 tickets) : investors get refund with a nice 20% interest. 2 BTC will be kept for market control. 2 BTC will be used to buy a mining pool. 15 BTC will be used for hiring a dev on a specific project for CAPT.

- 20+ BTC (70000+ tickets) : same as before, but we could think about larger projects and promotionnal campaign.

That's my plan. But this plan needs a community effort to be successfull. As you may have notice this kind of promotionnal event is a viral marketing plan. It means that this event must be spread like never. So if you love captcoin, if you wanna do more than just watching the price decrease day after day then it's in your hand now.

I will never stop working for Capt, I don't mind about the actual price I just care about how I can help to keep its philosophy alive.

Thanks for your time, please think about it and come over here to share your thoughts.

WE ARE CAPTCOIN.
Only those who do nothing make no mistakes.

Here is an exemple of graphic design for the campaign.

Regarding this, I've published on idea on how to run the draw:

Quote

To buy a ticket, everyone must enter their email address. When done, they will receive a unique BTC or CAPT address.
When the required amount is sent to that address, a unique ticket ID will be generated. That ID will be an 64-char HEX string, similar to the ID of a block (example). See below for more details on how to generate that ID.
If someone buys several tickets, they will get several unique ID's.
We'll define a time and date for the draw, for example 6th of October at 2PM UTC (this is just an example, of course the date would be in the future).
We then get the hash of the first block (with the lower #) later than that time: In this example, it is b85f868ae8...
All the tickets whose first character matches the first character of the selected block go to the next round. In this example, all tickets starting with b.
Then, we get the hash of the next block. In this example 03a9afea0f22...All the tickets whose second character matches the first character of the selected block go to the next round. In this example 0 (so far b0).
... and so on until only one ticket is the winner.
If one block doesn't qualify any ticket to the next round, it would be ignored and the next block will be selected.

Read the full thread and post your comments here:

http://CAPT.co.in/f510