Thank you for your reply! I will think about these ideas.

My main concern is how to create value in a token system.

How do investors get value for their investment and how to tokens maintain a value?

How to keep the value at a level that is acceptable to the customers of the token (Airlines) so they will use it.

I've thought of burning each token when it is used.
Allowing partial token usage, so they can use a percentage of the token for each transaction.
A few other ideas...

I'm very interested in this topic and would like to know what other think about it.

TIA

Hi All,

I have an idea for a token that will be used by the global aviation industry. This industry is increasing in volume on a yearly basis. i.e. In 2014 there were 37.4 million flights  2.7% more than 2013.

The question is how to structure this token's blockchain to provide value to investors and the companies that will use the token?

If I look at this from the airline's perspective, they would want a constant price for a token, something affordable. So they can use the token in business and not pay to high a premium.

If I look at it from an investor's point of view, they will be investing money and want a return. Miners will want some return of value for their efforts.

At this time I'm not sure if the tokens will be burnt after the first use or if there is some other mechanism to reuse a token.

I'm interested to know what you all think and how you would balance the need for a stable price on a token with the need to return value to investors and miners.


TIA

I'd like to build a currency and apps that allow business to offer bounties for reviews from verified customers.

The idea is as follows:

Release a currency that allows mining and is traded on exchanges.
Businesses could buy some coin, and offer customers some coins for a review.
At the time of the business transaction, a QR code is generated for that customer at that time.
The customer can use the QR code to do the review.
The bounty is transferred to the customer for the review when complete.
The customer can redeem the coins for value when transacting with any business, that participates.
Or the coins can be sold/traded on an exchange.

It's like yelp, but give a value to customers for giving feedback about their experiences with a business.

What are your thoughts?

If it is a good idea, I need a better name for the currency.

TIA

Thank you for the feedback, I appreciate it!

I find it surprising that a smart contract or something like it can't be triggered by an off-chain transaction. This domain is new for me and I will have to do some research into how this can be accomplished. Or if it is needed, what it would take to develop the process. My current understanding of smart contracts is that they are programs that run on the blockchain, I made an assumption that they could process a transaction based on some metric and the metric could trigger the transaction that caused some part of the contract to execute.

My goal is to pass value back to the creator of the value, I've used VS and a bunch of other IDEs and source control systems. The thought is to plug into the different processes in SDLC and have the metrics drive the transactions. I'm sure there would be some development to hook into these processes and call APIs etc. for integration. I guess there could be a need to develop the system that allows for SDLC to be a part of the blockchain as well.

Thanks again!

 

Hi All,

I'm thinking of building a project management app on blockchain, and want to get some idea if there is interest in the product. Any suggestions would be appreciated.

The idea is to solve an issue in software development, the issue is related to value and effort. Teams are asked to assign points to tasks in a project and this is always a difficult thing to do. It would be better to assign a real value to the task. I think this translates to all other types of projects as well. Often times there is a mismatch between business value and the amount of effort it takes to get something done. Usually, this turns into cost overruns etc... There is also a lack of incentive for people doing the work because they get paid the same no matter what, and on a team, some people produce a lot more than others and they are not fairly rewarded for it. There are also times when a person only has the capacity to complete so many tasks and that is what they want to do. This could allow a more balanced approach to value distribution.

I'm proposing a product that will allow business to assign a value to a goal (it's a token), allow teams to divided up the goal into tasks and assign a value to the tasks, as long as it is less than the total. Assign tasks to people, and transfer money to the people when task deliverables are met.

Example: I'm using USD for the example but it could be in another currency. The point is the business assigns a value and the workers break it down.

Business wants to build new feature X they value/budget it at $100,000.
It is assigned to Team A.
They break it down into 1000 tasks at $100 each.
Worker B pulls or is assigned Task 1.
Task 1 goes through an iterative development process and is checked in for review, he gets $20
Task 1 passes automated testing, he gets $30.  
Task 1 passes QA with no bugs, he gets $20.
Task 1 passes UAT, he gets $20.
Task 1 is deployed to production, he gets $10.

These would be transactions controlled by a smart contract of some sort on the blockchain and would be auditable at any time, it would also be easy to see how each team member is doing.

By doing this the more productive members of the team are rewarded more fairly, and business gets more value for their money. Once the business is done with the goal they can wipe the token and start again, or sell it back to an exchange for someone else to use.

What do you all think? Is this something worth building, or would you change something, or just scrap the whole idea as crazy talk?

TIA

Thank you all for the time to reply to my questions.

I'm thinking that an ICO is probably not in my immediate future. If that changes and I have a good coin idea that is worth developing, you all will be the first to know!

Someone asked what I'm after exactly, I want to work with blockchain and cryptocurrencies. I work with databases for a living and economics interests me. A cryptocurrency is the blending of these domains, and I'm hooked. I feel blockchain will be a major technology in the near future and I want to be a part of it, and develop applications, frameworks, platforms that are useful to the community. Cryptocurrencies are changing the way we exchange value, this is very interesting to me and I want to understand as much as I can and at some point contribute back to the community.

Thanks again!

Thank you for taking some time to provide feedback, I appreciate it and will do some research.

In the end, I'm trying to figure out how to provide value to investors in products and fund the development of the products we have concepts for (developers need food too!). These would mainly be products built on existing blockchains or if needed a forked blockchain with some changes needed. We have concepts for project management, law enforcement, and estate/property transactions to name a few. Some will work out and some will not.

I would like to provide value and minimize risk to the start up and the people investing in the products. Looking at traditional models they seem to be full of risk or don't provide value to people that are investing or contributing.

Traditional loans to fund product development can be very risky, if the product is not well received by the market you are still on the hook to pay back a loan with interest, this would be a big personal risk to the borrower.

Venture capital investment requires giving up control of the company to an investor. I want the company to return value to the people that contribute to the company, the people doing the work and innovating. I don't want them to be controlled by an investor that is focused on returns.

Crowdfunding, as far as I can tell will not return value to the people and organizations that are investing. It is basically asking for money with no chance of a return.

Selling off percentages of the company seems risky to both the company and the investor, the company can be controlled and direction can be dictated by large percentage shareholders. On the other side, the small investor has no real control over what the company does, and they don't really know what their investment is being used for or if it will provide any return.

This is part of the reason cryptocurrencies interest me, there is an incentive to invest effort or value to get a return from the currency. I think I understand the concept of the ICO and ITO to an investor, in that they are hoping for increased value of the tokens/coins at a later time. I understand the value to miners of a new coin in that they are able to produce value for some work. The token or coin serves as a value store and something that will allow for transactions between parties. I realize that not every product will require its own currency, but I see them as a litmus test for product viability and a more efficient way to figure out if a product is something the market wants.

I'm struggling with how to offer products in such a way that investors can feel confident their funds will be used as described and not get ripped off. That they will receive a return value based on their investment, and provide developers with the resources needed to allow them to work on their ideas.

I've thought of setting a goal for funding, something like an all or nothing campaign. Of course, this would be combined with an escrow multisig account to ensure that transactions occur as defined. I guess it would be more like crowd investment than traditional crowdfunding.

Does anyone know of a launch, campaign, or something similar that I can look at or if another company is doing something like this?

TIA,

Damien

Hi All,

I'm looking for some community feedback on some ideas that I have. I'm starting a blockchain development company, BlockGuild. It will be focused on developing products for the community and products for customers and consulting services. I am also interested in cryptocurrencies for product development and  funding.

Initially, I've thought that some type of crowd-funding approach is an efficient way to find out if there is demand for products. The idea is to offer products on the market with some sort of buy-in with a token or coin. If it is funded then it is worth doing, and if it is not then there is no demand and it is not worth continued development. I am learning about ICO and ITO as a means to fund a project. My question is what other options are there for something like this? I don't want to be in the business of offering crappy coins and wasting people's time, I'm interested in funding and developing the startup and the products that people would find useful. Any suggestions or feedback is appreciated.

TIA,

Damien

Hi All,

I'm new to cryptocurrencies, bitcoin, and blockchain. But, I have shiny object syndrome and this stuff has me hooked. I'm hoping you all can help me with some answers and if my questions have been answered before, let me know and point me in the right direction.

My questions revolve around two topics:

Starting a development shop. Managed via open book, shares profits with all members, makes decisions based on input from all members, and is transparent in all aspects to its members. The company would develop products and consult in the blockchain/cryptocurrency domain.

Where are the best places to find people that have experience building and launching dapps, blockchain, and cryptocurrencies?

Launching a new cryptocurrency and dapp for business management. I've been looking around on this forum for awhile and there seems to be a lot of questionable coins being offered, with hacked together proposals and information. I'm interested in understanding the correct way to launch and fund a currency and application.

What is the acceptable process for launching a currency?
What properties are you looking for in a new currency?
How would you as someone thinking of purchasing/mining some coins like to see the information presented?
Are there some good prior launch campaign examples to look at?
 
TIA