Isn’t this merely a decentralization of equity but otherwise a platform like WattPad, except that rather than actually purchasing, you give the “equity” the power to pay out, pay out as in a form of a zero hour contract payment?
The question here would be how do you operate the platform and what method of payment is available to the platform operators? How do they pay their bills, and their “centralized infrastructure”, as well as their crew?
Sounds right? Does that exist? I suppose I'm not too familiar with what's possible.
About operation, it's all centralized, so the company pays out of their budget, which needs some seed funding, and my guess for sustainability would be to involve advertising $$ once a user growth target has been met :P.
So basically:
🤔
PS: I think you designed Blogspot with upvotes.
LOL! Isn't that how it works?
I think what you are saying is that we can ignore the decentralized equity as a parallel track to evaluating the platform, but I think that's also an important part of this thought exercise in terms of investor behavior. Does that change anything? And the fact that users automatically get it too?
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The decentralized equity sort of exists.
You can go on seedfund, you can join round, you can aggregate as investors or invest in an actual fund.
You can go to the stock exchange. Publicly listed is decentralized ownership.
The real question here is, also because using the term investor, what is your expectation as investor? Do you think you should be heard even if you have only 3%? Or will you go the path towards those oh so elusive 15% or at least close in on those and work your profile to get that board room seat with the backing from other investors?
For investors it’s math. They will calculate inflation. They know dilution in future rounds so nothing earth shattering.
The question is... what do you expect from decentralization. What does that mean towards operating?
I have other questions tho:
What CPM and RPM do you expect?
Etc, etc...
It’s merely math for investors and deciding whether the team are seemingly the right ones to execute and take it to a point of favorable math or follow-on funding rounds. The technicalities... I invest in your team: I want two things. You need runway and need sufficient equity yourself to stay motivated and continue for 5-8 years (math).
Without that... you won’t reach going public level. But you will always be benchmark against your actual revenue and burn. Because were talking fiat. Not the utopia of tokens and “this will become the future”. Whatever my equity is worth depends on previously listed points 1-4, on actual growth first in users than in revenue and eventually in profitability.
Investors may potentially give you more an ICO does but... do you still have the equity available to stay interested?
Interesting questions. Yeah so I wonder... could we sell the idea that this platform is going to really take off because we can attract users on the sole basis that we are giving away money and equity to them? I guess that sounds pretty silly. That's like taking facebook right now and making it bleed money to users. If facebook today announced, hey we're giving away money on a points basis determined by a group of stakeholders, is that what this would look like? Hum.
Not as is now, not without any “transactional” factor to benchmark against.
Feeless, ads free... there Ian nothing which consolidated the value of the token.
There is no Adsense to blogspot. There is no internal ads to Facebook.
There is a Medium which would love to reward its creators an but struggles because doesn’t want to implement traditional ads, with all nowadays compulsory tracking.
But then again many said PayPal and amazon would never pick off either.
One of the beauties of SMTs is that vests will be the one compulsory rewards payment structure. Combined with instant market markers, burning ops, aso... eventually that may lead to STEEM becoming limited supply.