I am talking about replacing the existing billing model, but the minimal payment is the same as the current monthly payment. That means SN revenue per territory will be at least as great as it currently is.
The big differences are
  1. Once three million sats are paid the owners no longer risk being archived.
  2. Revenue will continue to come in to SN even after a territory has been paid off, because people will keep investing to earn larger earnings shares (@jeff pointed out some concerns about this feature)
If there are going to be different territory roles, perhaps assigning them could be one of the perks of making the largest investment.
I did think briefly about whether this would be reversible and my first thought was that it probably shouldn't be reversible. However, maybe anyone holding a majority share could be able to revert back to the original billing model.
This is similar to public stock offerings, but it was inspired more by thinking about how to crowdfund territories. Equity shares seemed like the simplest incentive to offer contributors. It was only as I was writing this up that it occurred to me that capping investments at 3 million would be unnecessary.
Edit: I'm suggesting this as an optional billing model. The current options could still be available.
89 sats \ 1 reply \ @ek 8 Mar
Mhh, I see. I think the biggest difference where applying existing models like crowdfunding or equity shares falls apart is that you can't sell shares like @jeff mentioned in
Imagine you could only buy stocks. And never sell them. And dividends were split amongst an infinite # of future holders. If "the market" thought your territory was the next NVDA, then the founder would get destroyed. instead of rewarded for being early and correct.
So as described, people would buy shares to get a share of the future revenue of the territory and not because they think the future price at which they could sell their share increases. I still think this is a great idea, it just depends on complexity, all the (known and unknown) corner cases, if there isn't a better idea and how something like this could gradually be added so we don't commit a lot of time and effort into something that turns out to be a wrong decision on first contact with users.
I keep trying to compare this to something so it's easier to reason about it. It might be closer to stock options without an obvious exercise option or not, I don't know. But I guess I am making this more complicated as it is. I feel I understand what you're suggesting now but I always feel like I never fully understand something until I "touched" it.
It's definitely interesting to think about and thanks for writing down the current problems:
These recent posts have centered around the increasing cost (in purchasing power) of monthly territory rent, the potential long-term value of an outright purchase, and a desire to allow joint ownership. I believe we can address all of these issues simultaneously.
What problem we are trying to solve is what I often have to remind myself about. I would still say I am pretty bullish on prediction markets but I know that at some point, I just wanted to apply prediction markets to everything.
I even mentioned to @siggy47 that we could have assassination markets for territories as a funding source. Still not sure how serious I was.
people would buy shares to get a share of the future revenue of the territory and not because they think the future price at which they could sell their share increases
That's correct, as far as it goes. However, people are also funding the territory so that it doesn't get archived (until 3 mil) and an incentive to do so is receiving a larger share of territory revenues.
One other point I was thinking about is that you could make the current rent something like the interest on an amortized loan repayment. That would mean only monthly revenue beyond 100k would count towards the 3 million, which we could now think of as the principal.
The core of the idea to me is the crowdfunding and revenue sharing combination. The other elements are peripheral details that could easily be tweaked.