Idea of New "Daily Asset Shares" (DAS) Faucet.
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@bitko The new asset will behave like CCMINER100 so I'll release units gradually!
Sure if your project will become a reality you will have all the support you will need from me!
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@Gadrah_ said in Idea of New "Daily Asset Shares" (DAS) Faucet.:
That's a great idea ! But with 1,000,000 shares the faucet wallet should also receive a lot of Burst before it goes dry, so what would be done with the coins ?
The coins could be used to cover tx fee for sending over the shares.
And after the faucet dried can be used to keep it alive by distributing Burst instead of asset shares.
As I mentioned in above comment, we can allocate around 70% of total asset shares for distribution, and the rest will remain in the faucet wallet.
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@ccminer said in Idea of New "Daily Asset Shares" (DAS) Faucet.:
@bitko The new asset will behave like CCMINER100 so I'll release units gradually!
Sure if your project will become a reality you will have all the support you will need from me!Thanks @ccminer for your support.
I learned from @nameless to have a big dream. Supposed in future it reaches 50% result, it's gonna be huge.
I'm sure this is more applicable and logically accepted compared to @nameless' 'resolution' to have 50% of ccminer1000 asset shares. LOL... hahahaha.
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I really like this idea. I think the concept is sound and as for bringing in more of a crowd umm that's a hard one. The more of crowd you bring in the more hardware on the network soon it will be whales that take over and the average person with 2 tb wont make anything. Which they don't really now anyways, I mean I want to buy 50 tb worth of drives to mine with but having hard time justifying cost of hard ware versus return. Since I am only a hobbyist in mining. My opinions are only justified in profitability and long term. I mean I started with hobby mining bitcoin with antminers s1 when antminers s5's where coming out and upgraded my way up from the profit of mining into a couple of thz, granted I am not making a killing but they are still turning a profit at lesser expense than say buying 50 tb worth of hard drives.
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@bitko Hey man... I've been out the last 2 days so i only seen this just now, but here is my thoughts on this idea...
I've thinked in a simillar plan to this like one month ago but didn't get that going due to some reasons:
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First of all we have the sustainability issue, because yes the crowdfund can be used to prove the concept but what happens once the first batch of assets run dry? IMHO only exists one answer to this question, and i've being thinking in a plan to this but i'm not yet happy with the way i see in my current plan... The idea is to use the faucet to promote an asset (and ofc the whole point of this is promoting BURST at the same time), so i think the crowdfund can be a way of prove (or not) that this really promotes BURST and the assets involved, but when the assets to be claimed start to run dry we need that some issuers send more assets to promote their grow and to capture new investors so IMO the only way of something like this work on the long run is if issuers send shares of their asset (instead of this shares have to be bought by the faucet account) to the faucet in order for it to be available to be claimed...
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Second (and probably the easiest to fix) is that the faucet software only allow to send payments but i believe that @luxe can implement a way of send asset shares in the next release without much hassle... Maybe even a way of the claimer to be able to choose if he wants to claim BURST or shares of an asset that is available to be claimed... ( @luxe if you make this possible please contact me when you can because i must have some cool features (related to this asset claims) that i'd love if you can add in there too, if it doesn't take you much time to implement ;D )
This being said @bitko i can use the faucet.burstcoin.pt to this project if we all come to some conclusion regarding this two issues... Although i didn't want to be the one asking for a crowdfund because as you may noticed i never asked for a crowdfund before, and i only intend to do it if i have something really big planned to be worked out and ask for part of the needed funding is a must...
You may noticed that the only time i asked for money before was for developing the Bbrowser and that is something that is still in the works and for wich i have really big plans... Regarding to the faucet i don't have much funds and you may noticed that i only asked for donations one or two times until now (although big thanks for the whole community because some have being donating to there making possible to the faucet not being dry for much time everytime it happens), due to the fact that the faucet was dry, and i didn't have a way of send funds to there because the ad revenue the faucet generates is just too low (contrarily of what i expected before i started), and i take a lot of time to reach the threshold of Adbit so i was thinking in even rent the spaces in BURST, a bit like haitch have been doing for all his sites, but i wanted to reach the threshold before stop using the Adbit program otherwise i will just have 200k sat laying in there (the threshold is 250k)...
Basically, i personally don't like to ask people for money (especially to be given away!), although i can understand that this can be benefical to everyone if it really brings new people to BURST and to the AE...I believe that when we ask for money we have to give something in return so i am much more apologist of using an asset to raise the money than using a crowdfund because with an asset people still have the value in their pocession although an asset can never work with this plan, so yes a crowdfund should be the way to go, but i would prefer if someone else do that instead of me...
If there are Asset Issuers willing to use this kind of promotion in the faucet, i am open to it and will not charge nothing in return (just some burst being donated to the faucet too in order to cover the fees of sending the asset shares to the claimers ;D)...
The PT faucet never had the intention of generates income (at least in this baby phase, maybe in some years this may change idk) because i just think in the faucet as @daWallet always say, "as a way of people start an account and secure it for free", not as a way of generates profit for no one (neither the owner of the faucet nor the claimers)!
Sorry for the big text, but as i said i was away for 2 days so i needed to express myself hahahaha
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I'm all for giving back to the community but I think this isn't the way to do it.
If asset issuers want to donate to faucets, then that's fine, donate their assets to faucets so the faucets have income, then that's fine. But to ask the community for... well, roughly $5000-$6000 to give away is a stretch. That would go a long way into actual Burst development and increasing the value of Burst in the long run instead of creating a faucet just to give it away to god knows how many bots and script kiddies who just want to grab and dump.
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@kohai I agree with you that bots could be an issue, and was one of my initial concerns on this matter but we can do the reward so low that is still good for promotion, and at the same time don't will not worth for bots to be runned on it!
A bit like the faucets are be runned by now... The reward is just too low for worth having bots claiming in there! If you are doing something you have to do it right, right? hahaha
But ofc there is the issue that most of the assets don't have the decimals option available, so this can be an issue! I guess we will have to see what the community think of this before launching ofc!
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@gpedro I will look into it, what do you need? A faucet instance that only sends a specific asset instead of burst?! Configured via properties?
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@luxe What i was talking was just a way of add the option of choose, when setting up the faucet proprieties, if you want to send shares or/and burst in the faucet...
And in adition what i was thinking is adding the options:
- Of the claimer choose if he wants to receive burst or shares because in the future could be faucets that want to offer both chances to the claimer;
- Of showing the balance of shares yet to be claimed in the faucet page;
- And a way of choose a low limit of # of shares to keep in the wallet (in the faucet proprieties) in order to be able to not turn available all the shares of an asset if not all the shares are to be distributed;
- And i guess that in the proprieties it should be a way of choosing the specific asset to be distributed (maybe from the Assed ID).
But no rush with it mate... I'm pretty sure more ideas to add in the future so if you can't include all of them just now, that's fine! ;D
Oh just one last thing, it have to allow to send decimals of a share (ofc, if the Asset allows decimals), idk if that have to exist some extra line(s) of code to make it possible, but i had to point that out... ;P
Again, thanks for the availability you always have! Since the start, i said to you that if i had ideas of how to make the faucet software (or any software) more complete i would say, so here it is... hahahaha
Take care mate ;P

