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MikeJohnson

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For the past several nights I have been brainstorming a bit and just throwing out ideas on some of the cool things that can be done with these new technologies such as Counterparty.

What if democratize Coin Fire a bit? What if you personally be involved in how we are doing things on the site? What if you could potentially earn from our success as well? Would you like to have a hand in the major decision making process?

I've been seeing a lot of commentary from others that talks about how they would do things differently. What if you had a chance to actually have an impact on how things are done? What if the token you control actually affords you rights and votes in how things go?

These are some of the ideas that I have been toying with when it comes to tokens and Coin Fire.

It would allow the site to capitalize a bit, offer an incentive to everyone and just try something new.

Those interested could purchase some of the tokens and get some skin in the game and potentially have a major impact on the direction that the company is taking.

What if a site like Coin Fire implemented something like this? What are your thoughts?

Posted on September 20, 2014 at 9:09 AM

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• lovebitcoins

  

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  Some ideas just flowing at the moment...

  • Monthly payouts of some sort in BTC?
  • Holders of token don't see advertisements on site?
  • A voting system for site decision making?
  • Making the tokens divisible so I can sell and trade them.

  I think this is something you should seriously look at.

  Posted on September 20, 2014 at 11:39 AM
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• lovebitcoins

  

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  After listening to @adam in today's podcast it makes me think you should add private forums here for those that have the tokens as well.

  Posted on September 20, 2014 at 1:18 PM
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• MikeJohnson

  

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  @lovebitcoins Some ideas just flowing at the moment...

  • Monthly payouts of some sort in BTC?
  • Holders of token don't see advertisements on site?
  • A voting system for site decision making?
  • Making the tokens divisible so I can sell and trade them.

  I think this is something you should seriously look at.

  • I think a monthly dividend would be really awesome.
  • Interesting idea on advertisements. I am not opposed to that.
  • Love the idea of polling for choices via token ownership.
  • It would absolutely be possible to trade these and have them be divisible.
  Posted on September 20, 2014 at 1:23 PM
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• MikeJohnson

  

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  @lovebitcoins After listening to @adam in today's podcast it makes me think you should add private forums here for those that have the tokens as well.

  That would totally be something I think we would offer to the owners of this token as well.

  Posted on September 22, 2014 at 12:15 PM
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• MikeJohnson

  

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  Seeing the lack of interest in this idea I think I am just going to table it for now.

  Posted on September 24, 2014 at 4:42 PM
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• Cryptonaut

  

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  @coinfire Seeing the lack of interest in this idea I think I am just going to table it for now.

  I like the idea, just no time or spare brain power to contribute much at the moment :p perhaps just not enough eyes have seen this thread? Have you tried bringing up the idea to your readers? (not sure if you have a subreddit or a chat room or something for community)

  Posted on September 24, 2014 at 5:58 PM
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• MikeJohnson

  

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  @cryptonaut

  @coinfire Seeing the lack of interest in this idea I think I am just going to table it for now.

  I like the idea, just no time or spare brain power to contribute much at the moment :p perhaps just not enough eyes have seen this thread? Have you tried bringing up the idea to your readers? (not sure if you have a subreddit or a chat room or something for community)

  Yeah, I have been thinking about a story on the site. I have been trying to avoid meta stuff recently but sometimes it is just necessary.

  Posted on September 25, 2014 at 4:23 AM
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• lovebitcoins

  

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  I know you are flying around for stories, perhaps holders of the tokens get to see the stories early?

  Posted on September 27, 2014 at 1:04 PM
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• MikeJohnson

  

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  @lovebitcoins I know you are flying around for stories, perhaps holders of the tokens get to see the stories early?

  This is something I will need to think on. We do have embargo that we have to follow at times but I like this idea in some aspects. It would really require some thought for sure.

  Posted on September 27, 2014 at 1:18 PM
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• lovebitcoins

  

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  @coinfire

  @lovebitcoins I know you are flying around for stories, perhaps holders of the tokens get to see the stories early?

  This is something I will need to think on. We do have embargo that we have to follow at times but I like this idea in some aspects. It would really require some thought for sure.

  Perhaps we get to see an editorial calendar in advance as well?

  Posted on September 27, 2014 at 2:14 PM
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