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The locking is in the company that controls the spec of the protocol and its reference implementation. It’s always been about getting as many people onboard as

The locking is in the company that controls the spec of the protocol and its reference implementation. It’s always been about getting as many people onboard as possible, this time the bait is decentralisation.

say_it_as_it_is 5y ago
Could you explain that business model?
- capableweb 5y ago
  Find some problem that requires a ecosystem. Create this ecosystem and carry a large stake in it. Have the stake be a part of the ecosystem somehow. In the future, once the problem has a solution/ecosystem, start selling parts of the stake.
- z3t4 5y ago
  You do not need to make money from the product directly. Think for example if the Bitcoin creator would get 10 cent every time someone mentioned Bitcoin. Or the easiest business model of them all, sell ads on your org site.
  - capableweb 5y ago
    > Think for example if the Bitcoin creator would get 10 cent every time someone mentioned Bitcoin Eh, how would that work exactly? > Or the easiest business model of them all, sell ads on your org site That's great, but I can ensure you: none of us in the cryptocurrency ecosystem wants anything to do with ads. Also, can't really build a big business by having ads on your website.
    - z3t4 5y ago
      There are casual games that are mostly funded by merchandise (Angry Birds). The game makes the brand popular, then they sell kid toys and clothing. I don't know exactly how you would get paid by just someone mentioning your trademark, but it might be your business innovation - as in order to reach unicorn status you either need to innovate in the business area, or innovate in the product area - you do not need to innovate in both! (heck it's probably enough to copy/apply an already successful business model on an already successful/invented product, but in a combination that no one yet has tried)
      - skinnymuch 5y ago
        > I don't know exactly how you would get paid by just someone mentioning your trademark, but it might be your business innovation Why not go bigger and get paid any time people say anything?
      - capableweb 5y ago
        > I don't know exactly how you would get paid by just someone mentioning your trademark, but it might be your business innovation If we're just making up "business innovations" willy nilly, why not just create a company that prints money from used t-shirts instead, I guess that would make a lot of money for the business.
- jasonzemos 5y ago
  One company controls the specification and reference implementation. These gimmicks tend to be "open" so contributions can flow in from anywhere, but the company has full priority and benefits by controlling the pace and final result. Outsider contributions are submitted publicly, while features developed by the company start in secret and can remain secret as long as possible. The company's contributions are rammed through while outsiders contend with endless bikeshedding with no guarantee they will get anything they need. In the end there is no sensible reason for any other entity to partner with the controlling company. The partner finds they are prevented from innovating while being bogged down by the "process." The controlling party then seeks to cannibalize the partner's product during this time by shelving any of their unique features and ideas. Once the partner moves on, the requisite changes and fixes to the specification are magically pushed through. I wouldn't call this a core business model as much as an enhancement to one. Fundamentally it's an attention grift -- a bamboozle of complex rules, procedures and processes, cloaked in goodwill, and furnished by a large interest and future hope at any given time.
  - darawk 5y ago
    Except all these things can be trivially forked. If you don't like how the VC one is doing things, just fork it. There are a billion forks of everything in the crypto space, for exactly this reason.
    - polskibus 5y ago
      It’s easy to fork the code but not the user base.
    - lowwave 5y ago
      yes, when was the last time you see google chrome forked and adopted a large user base? That is event with big VC money behind it Brave for example. Open source is now days used a marketing scheme to attract developers to work for free, and attract user to think that is open.
    - threeseed 5y ago
      There are hundreds of open source projects that implement a social network. So does that mean I can be the next Facebook with one click of a deploy button ?
codesternews 5y ago
but they are not company people? company does not own anything nor database? I think just coins?

say_it_as_it_is 5y ago

Could you explain that business model?

capableweb 5y ago
Find some problem that requires a ecosystem. Create this ecosystem and carry a large stake in it. Have the stake be a part of the ecosystem somehow. In the future, once the problem has a solution/ecosystem, start selling parts of the stake.
z3t4 5y ago
You do not need to make money from the product directly. Think for example if the Bitcoin creator would get 10 cent every time someone mentioned Bitcoin. Or the easiest business model of them all, sell ads on your org site.
- capableweb 5y ago
  > Think for example if the Bitcoin creator would get 10 cent every time someone mentioned Bitcoin Eh, how would that work exactly? > Or the easiest business model of them all, sell ads on your org site That's great, but I can ensure you: none of us in the cryptocurrency ecosystem wants anything to do with ads. Also, can't really build a big business by having ads on your website.
  - z3t4 5y ago
    There are casual games that are mostly funded by merchandise (Angry Birds). The game makes the brand popular, then they sell kid toys and clothing. I don't know exactly how you would get paid by just someone mentioning your trademark, but it might be your business innovation - as in order to reach unicorn status you either need to innovate in the business area, or innovate in the product area - you do not need to innovate in both! (heck it's probably enough to copy/apply an already successful business model on an already successful/invented product, but in a combination that no one yet has tried)
    - skinnymuch 5y ago
      > I don't know exactly how you would get paid by just someone mentioning your trademark, but it might be your business innovation Why not go bigger and get paid any time people say anything?
    - capableweb 5y ago
      > I don't know exactly how you would get paid by just someone mentioning your trademark, but it might be your business innovation If we're just making up "business innovations" willy nilly, why not just create a company that prints money from used t-shirts instead, I guess that would make a lot of money for the business.
jasonzemos 5y ago
One company controls the specification and reference implementation. These gimmicks tend to be "open" so contributions can flow in from anywhere, but the company has full priority and benefits by controlling the pace and final result. Outsider contributions are submitted publicly, while features developed by the company start in secret and can remain secret as long as possible. The company's contributions are rammed through while outsiders contend with endless bikeshedding with no guarantee they will get anything they need. In the end there is no sensible reason for any other entity to partner with the controlling company. The partner finds they are prevented from innovating while being bogged down by the "process." The controlling party then seeks to cannibalize the partner's product during this time by shelving any of their unique features and ideas. Once the partner moves on, the requisite changes and fixes to the specification are magically pushed through. I wouldn't call this a core business model as much as an enhancement to one. Fundamentally it's an attention grift -- a bamboozle of complex rules, procedures and processes, cloaked in goodwill, and furnished by a large interest and future hope at any given time.
- darawk 5y ago
  Except all these things can be trivially forked. If you don't like how the VC one is doing things, just fork it. There are a billion forks of everything in the crypto space, for exactly this reason.
  - polskibus 5y ago
    It’s easy to fork the code but not the user base.
  - lowwave 5y ago
    yes, when was the last time you see google chrome forked and adopted a large user base? That is event with big VC money behind it Brave for example. Open source is now days used a marketing scheme to attract developers to work for free, and attract user to think that is open.
  - threeseed 5y ago
    There are hundreds of open source projects that implement a social network. So does that mean I can be the next Facebook with one click of a deploy button ?

codesternews 5y ago

but they are not company people? company does not own anything nor database? I think just coins?