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Showing 4 of 4 results by RoddyP
I read a recent article about something innovative that UCash has been implementing: IBO instead of ICO. You will ask, what is an IBO? Basically, IBO participants invest their skills and time to earn rewards in the new cryptocurrency. Contributors to the IBO are given specific tasks that are associated with corresponding amounts of crypto tokens as rewards.
Here is the link to the article that explains it more into details:
https://www.financemagnates.com/cryptocurrency/innovation/forget-icos-initial-bounty-offerings-exchange-skills-crypto-tokens/
https://cointelegraph.com/explained/how-initial-bounty-offering-can-help-the-unbanked-explained
The concept itself is quite original and innovative, or is it a way to escape from regulations?
Here is the link to the article that explains it more into details:
https://www.financemagnates.com/cryptocurrency/innovation/forget-icos-initial-bounty-offerings-exchange-skills-crypto-tokens/
https://cointelegraph.com/explained/how-initial-bounty-offering-can-help-the-unbanked-explained
The concept itself is quite original and innovative, or is it a way to escape from regulations?
ICOs already have IBOs very often to promote themselves. It's happening right here on Bitcointalk too, having ICOs throw around with millions of dollars for their IBOs. These IBOs often includes Signature campaigns, article writing, translations, social media promotions, etc!
However, an initial bounty offering using purely bounties and no sale is interesting, though I'm kinda sceptical about how they'd make their money... Projects still need money, even when a lot of human work is provided to them...
These articles lack readily available information about that.
When you can essentially crowd source time, what do you need money for? I don't think this would be in lieu of other fundraising methods. If you have a supplier who will only accept cash, someone could provide cash for "equity". No?
That's true. I referred to that. These "suppliers" of marketing might only take cash. However, you would be able to pay a marketer in "equity" and you could still have a "bounty" be providing the company with cash, or am I missing something?
Anyway, this is just like how a lot of start-ups operate now. They pay their employees with equity and minimal cash, except this is more like paying your 1099's in equity too with the idea they can cash out much sooner because there is no need to IPO. Creating liquidity for your token is paramount, this facilitates that.
I read a recent article about something innovative that UCash has been implementing: IBO instead of ICO. You will ask, what is an IBO? Basically, IBO participants invest their skills and time to earn rewards in the new cryptocurrency. Contributors to the IBO are given specific tasks that are associated with corresponding amounts of crypto tokens as rewards.
Here is the link to the article that explains it more into details:
https://www.financemagnates.com/cryptocurrency/innovation/forget-icos-initial-bounty-offerings-exchange-skills-crypto-tokens/
https://cointelegraph.com/explained/how-initial-bounty-offering-can-help-the-unbanked-explained
The concept itself is quite original and innovative, or is it a way to escape from regulations?
Here is the link to the article that explains it more into details:
https://www.financemagnates.com/cryptocurrency/innovation/forget-icos-initial-bounty-offerings-exchange-skills-crypto-tokens/
https://cointelegraph.com/explained/how-initial-bounty-offering-can-help-the-unbanked-explained
The concept itself is quite original and innovative, or is it a way to escape from regulations?
ICOs already have IBOs very often to promote themselves. It's happening right here on Bitcointalk too, having ICOs throw around with millions of dollars for their IBOs. These IBOs often includes Signature campaigns, article writing, translations, social media promotions, etc!
However, an initial bounty offering using purely bounties and no sale is interesting, though I'm kinda sceptical about how they'd make their money... Projects still need money, even when a lot of human work is provided to them...
These articles lack readily available information about that.
When you can essentially crowd source time, what do you need money for? I don't think this would be in lieu of other fundraising methods. If you have a supplier who will only accept cash, someone could provide cash for "equity". No?
As it has been said, the answer mainly depends on the reason bitcoin would die.
Anyway, if it should happen, I think the other altcoins could survive, but it would have a boomerang effect . People would lose trust in crypto and the value could decrease at a very low level
Anyway, if it should happen, I think the other altcoins could survive, but it would have a boomerang effect . People would lose trust in crypto and the value could decrease at a very low level
I mean maybe it would cause a panic and crypto would be publicly shunned, but some of the other coins have intrinsic value not tied to Bitcoin at all. Don't you think? I mean, Bitcoin isn't anything special and probably has the most to lose out of them all.
i think if Bitcoin die, altcoin can't live. because Bitcoin like center of crypto. new investor want to invest in crypto they will buy Bitcoin first, so i think bitcoin will live (may be long time in the future) 
While this is technically correct, due to the way crypto investors currently get into and out of cash, the conclusion does not follow. It assumes that there is no differentiation between the coins, and data does not support that at all. There might have been a day when different coins were essentially the same, but as the space has evolved so much in the last few years, some superficial and very fundamental differences have emerged. If you use market share as metric, Bitcoin is "dying" but crypto is bigger than ever for example.