All - Activity - dugan - Algorand
xGov VOTING - suggestion for preventing whale manipulation
Looks solid to me. But in general though, only certain wallets are eligible for xGov. You can’t just create a ton of wallets to participate.
Algorand, The Foundation, and the complete lack of adoption
ALGO is young. Give it time.
ALGO as a utility token
I think ALGO is going to be what everyone envisions bitcoin to be. The decentralized payment protocol that is used for this new virtual world. If everyone wants to use it, there are only 10 billion tokens. I see a world where the price of ALGO goes up because people are constantly converting their d…
xGov Proposal #118 - pressdot - The First WebMarket
You are correct, this is how it currently stands. Onboarding to Algorand takes a few steps, if you don’t have your hand held through the process. The fact of the matter is, the average person doesn’t care enough about crypto self-custody. pressdot will provide an option for everyone to keep their A…
xGov Proposal #118 - pressdot - The First WebMarket
To address your first question, there is no difference in on-boarding. That’s kind of the point. It would be like onboarding to a premium platform, except there is no subscription. The difference is that the paywall for content would be one time payments, not a monthly subscription. As we all know w…
xGov Proposal #118 - pressdot - The First WebMarket
The proof of concept exists at pressdotalgo.com. Our reach so far has been limited, but we are working with a very limited product. The need is out there, it just has to be met. This proposal is asking for a larger share of the pool, but I believe it will be well worth it for the Algorand community …
xGov Proposal #118 - pressdot - The First WebMarket
Yes, I know of Niftgen and actually had the chance to chat with their founder Christian. Niftgen was trying to do monetization a little different than us, and they focused mostly on video content. We are going to be focusing on written content, with the inclusion of videos or podcasts to enhance the…
xGov Proposal #118 - pressdot - The First WebMarket
Thank you! For the initial release, 500,000 ALGO should be plenty. We purposely asked for a sizable amount because we want the product to be good. The good news is, 75% of the ALGO will be going directly to Scott over the course of two months. He deserves a pay day for everything that he’s done for …
xGov Proposal #118 - pressdot - The First WebMarket
You make fair criticisms. And I agree, it is similar to Minds, but not the same. pressdot is a hybrid, a unique way for creators to earn for their content per view, in perpetuity. Users are not rewarded by the site, but paid directly by other users. And as for PDAT, I can assure you it will be easy …
xGov Proposal #118 - pressdot - The First WebMarket
It’s expensive to build because Scott (FlippingAlgos) will be spending 2 months on development, at his professional rate of ~$150/hr. He deserves a pay day for everything that he’s done for the Algorand community so far, and given this amount of time and money, he will be developing an enterprise …
xGov Proposal #118 - pressdot - The First WebMarket
Heading link id: 118 period: 3 title: The First WebMarket - A Micropayment Content Exchange author: Dugan Messman (@dsmessman) company_name: pressdot category: dApps focus_area: Other open_source: No amount_requested: 500000 status: Final
Heading link Abstract There currently is no widely used application that uses…
xGov Proposal #118 - pressdot - The First WebMarket
The content is secured on a private database. We can check the blockchain for transactions that match certain parameters and release the content. Our beta platform at pressdotalgo.com still works, and you can see a barebones version of what the site does. Most of the technical challenges are not tha…
xGov Proposal #118 - pressdot - The First WebMarket
We are proposing to build a completely new system. A new system that acts to encourage behavior through money. Current social media platforms where the majority of people interact on the internet are all free. You can get add-ons for a subscription, but for the most part have to deal with ads. This …
xGov Proposal #118 - pressdot - The First WebMarket
All content/interactions will be monetized on a pay-per-view or pay-per-use basis. That means uploading content, viewing content, and comments will all cost a small fee. The difference from other platforms like Patreon or Substack is that you now have the opportunity to earn as a creator, and as a…
xGov Proposal #118 - pressdot - The First WebMarket
Just completed my proposal for press.algo, which will soon be called pressdot. Would be open to any and all feedback that y’all have. Thanks, Dugan.