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      "parent_permlink": "smartquorum",
      "author": "visiblehand",
      "permlink": "smart-quorum-the-blockchain-development-platform-and-ecosystem",
      "title": "Smart Quorum - The Blockchain Development Platform & Ecosystem",
      "body": "[Smart Quorum](https://smartquorum.com/?ref=3373733028) is a platform for exchanging blockchain development services.  It provides an integrated set of services and tools for blockchain developers and their customers.  The benefits to the developer are that [Smart Quorum](https://smartquorum.com/?ref=3373733028) will provide them with exposure and will provide their potential customers with evidence of the quality of their work.  The benefits to the businesses that need blockchain development services are that they can be assured of the reputation of the developers who they hire for their projects and can be assured of the quality of the work those developers deliver.\n\nThe initial product on the [Smart Quorum Platform](https://smartquorum.com/?ref=3373733028) will be Smart Contract Quorum.  This will be a version of the product which allows customers to use the marketplace to hire developers to create smart contracts and allows for the [Smart Quorum](https://smartquorum.com/?ref=3373733028) community to audit those smart contracts.  Smart Contract Quorum is currently (as of June 11) available for beta testing.\n\nAs a general rule, businesses (or individuals) who want to list a project on [Smart Quorum Platform](https://smartquorum.com/?ref=3373733028) will specify details of the project.  In additional, with 5% of their payment going to to the [Smart Quorum](https://smartquorum.com/?ref=3373733028) platform, they’ll have the ability to specify the breakdown of how much of the remaining 95% should go to the developer they end up selecting vs. those who do quality assurance testing or auditing of the smart contract that the developer creates.\n\nThe [Smart Quorum Platform](https://smartquorum.com/?ref=3373733028) is based on the Smart Quorum Coin (SQR), which is a masternode-based POS-cryptocurrency.  The SQR token sale has already begun, and will continue until July 1st.\n\nSome key benefits of the [Smart Quorum Platform](https://smartquorum.com/?ref=3373733028) for businesses include:\n*Ability to choose developers based on their reputation and portfolio\n*Security of smart contracts is rated based on the depth of the community audit that is performed\n*Community is able to provide feedback and discussion of specification for smart contract before development work begins\n\nKey benefits for developers include:\n*Ability to get exposure and demonstrate expertise to a community of potential customers\n*Feedback and QA from an expert community, without the need to hire third-party auditors\n*Less experienced developers can learn from more experienced developers while earning compensation and building their skills and reputation\n\nI have to confess that my understanding of this next section is a bit shaky.  However, it’s important, because the SQR masternodes are the key to gaining passive income from SQR.  Anyone purchasing 3,000 SQR has the ability to run an SQR masternode.  Specifications are…Max coin supply: 25,000,000, Premined: 1,000,000, First POS block: 100, Block time: 60 seconds, Max block size: 3 MB, Staking age: 4 hours, Ticker: SQR, Difficulty retargeting: Every block.  Reward Distribution for 0-132480 blocks is 4.5 SQR.  Reward Distribution for 132480 and higher blocks is 0.2 SQR.  Based on current values, this would yield an annual ROI of 812%!\n\nMy takeaway from the above is that buying 3,000 or more SQR immediately and running a masternode will be very profitable.  If you wait, the opportunity for profit will be much more limited.  SQR tokens are selling for $1 USD per token, so that’s an investment of $3,000 for a source of passive income (and hopefully some price appreciation as well).\n\nTo buy SQR tokens right now, go [here](https://smartquorum.com/buy/?ref=3373733028).\n\nFor my Bitcointalk Profile, go [here](https://bitcointalk.org/index.php?action=profile;u=1749264",
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      "parent_permlink": "countinghouse",
      "author": "visiblehand",
      "permlink": "details-of-the-countinghouse-fund-ico",
      "title": "Details of the Countinghouse Fund ICO",
      "body": "The [Countinghouse Fund](https://www.countinghousefund.com) ICO is already underway and will continue through June 11th.\n\nIt allows purchase of tokens either using ETH or using Paypal, but a note on the website indicates that Paypal investments are manually brokered and those tokens will not be dispensed into wallets until the crowdsale completes.\n\nAs of 5pm Eastern on May 31st, the indicator on the website showed that a total of 5,873,438 CHT had been sold.\n\nCHT tokens are ERC20 compatible and have been priced at 1000 CHT per 1 ETH.  The token sale cap is 50,000,000 CHT (which equals 50,000 ETH, or about $30m USD at current market prices).  According to the whitepaper, they plan to raise 20,000 ETH, but do not consider this a soft cap, because they raised enough from existing investors to make the fund viable.\n\nA total of 5,215,000 were privately sold to existing investors in Countinghouse Fund – presumably meaning their fiat currency fund, rather than their crypto fund.  It’s a bit unclear, but I assume that these tokens are included in the running total displayed on the website.\n\nUp to a possible 30% bonus tokens were available those who invested in the pre-sale and a 15% bonus to those who invested in the first seven days of the public ICO.  Additionally, 1% (200,000 tokens) have been issued to the [Countinghouse Fund](https://www.countinghousefund.com) team.\n\n60% of funds raised will be used for currency algorithmic trading.  30% will be used for double-sided arbitrage strategies.  The remaining 10% will be used for passive reserve (debentures and ICO investment).\n\nFor the Countinghouse Telegram group, go [here](https://web.telegram.org/#/im?p=@Countinghouse)\n\nFor Countinghouse announcements, go [here](https://bitcointalk.org/index.php?topic=3406903.80)\n\nFor Counting house bounty info, go [here](https://bitcointalk.org/index.php?topic=3392579.0)",
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      "title": "What is Countinghouse Fund?",
      "body": "@@ -82,16 +82,18 @@\n previous\n+ly\n  focused\n",
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      "parent_permlink": "countinghouse",
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      "permlink": "what-is-countinghouse-fund",
      "title": "What is Countinghouse Fund?",
      "body": "[Countinghouse Fund](https://www.countinghousefund.com) is a hedge fund that has previous focused on investments in foreign exchange and fiat currencies and is planning to open a new fund focused on cryptocurrencies.\n\nThey rely on mathematical strategies and algorithmic trading methods to gain profits from volatility and movement in the markets.  Specifically, they plan to use 60% for crypto algorithmic strategies, 30% for double-side arbitrage and 10% for passive investments such as ICO participation.\n\nThey have an experienced team, and an already built infrastructure that will keep incremental costs for the overhead of running the crypto fund very low.  \n\nIn addition, they have done extensive testing on both their fiat algorithms and their cryptocurrency algorithms and had great success with both. In addition, they have a proven track record and trading history for their fiat trading.\n\nThe tokenized nature of the fund will allow participation at far smaller dollar amounts than hedge funds typically allow and will also allow investors to easily enter and exit the fund without any restrictions other than those imposed by the market itself.\n\nThe [Countinghouse Fund](https://www.countinghousefund.com) initial coin offering is already underway and will end on June 11th.  The sale will be capped at 50,000 ETH.\n\nThey anticipate beginning to trade immediately upon completion of the token sale.  Initial trading is likely to focus on simple arbitrage strategies to take advantage of inefficiencies in the market and between markets.  As the market becomes more efficient and these very simple opportunities dry up, they will transition to more complex algorithmic strategies.\n\nFor the Countinghouse Telegram group go [here](https://web.telegram.org/#/im?p=@Countinghouse)\n\nFor the Countinghouse Bitcointalk announcement thread, go [here](https://bitcointalk.org/index.php?topic=3406903.0;all)\n\nFor the Countinghouse Bitcointalk bounty thread, go [here](https://bitcointalk.org/index.php?topic=3392579.0)",
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      "title": "Bicycle Security and More With ShareLock",
      "body": "If you live in a big city that relies heavily on bikes to get around, you’ll understand how easy it is for your bike to get stolen. Many people have wondered what the best possible solution to this problem is. \n\nThe answer - [ShareLock](share-lock.de), the first technological bike lock, which can be used in Germany and the USA.\n\nShareLock is a bike lock connected to an app that increases security on your bike. Because the lock has GPS tracking, you will always know the location of your bike. It also is able to alert you if your bike is being stolen. Other benefits to Share Lock are that the key is controlled by the app on your phone, so you never have to worry about losing a key again, and it allows bikes to be rented by other civilians during the day. Not only will ShareLock prevent bike theft, but it will also help you rent bikes or have your own bike rented by people in your general area. \n\nWhether you are a bike renter or want to become a bike renter, ShareLock is perfect for you. Within the app, the user is able to receive tokens which allows you to have access to hundreds of bikes that are available. In other words, tokens are the key to being able to rent bikes with the app. If you are interested, the pre-sale starts in around 38 days, and registering/ creating an account is simple.",
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      "body": "Congratulations @visiblehand! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/posts.png)](http://steemitboard.com/@visiblehand) Award for the number of posts published\n\nClick on any badge to view your Board of Honor.\nFor more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)\n\nIf you no longer want to receive notifications, reply to this comment with the word `STOP`\n\n**Do not miss the [last announcement](https://steemit.com/steemitboard/@steemitboard/steemitboard-new-level-notifications) from @steemitboard!**\n\n> Do you like **SteemitBoard**'s project? **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
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      "title": "ShareLock - A Revolution in Bicycling",
      "body": "According to nacto.org, over 42,000 bikes were available for bike share in the US in 2016. This means that in six years, the amount of bike share users increased 96%. Based on these statistics, it can be predicted that the amount of users will only continue to grow in the future. This proves to be a great opportunity to make money when your own bike is not being used.\n\nI know what you are thinking, you would never want to rent your bike out. What if the user never returns it? What if someone steals it? \n\nNow imagine all of these problems did not exist. Would your opinion change? \n\n[ShareLock](share-lock.de) makes renting out your bike during the day simple and safe. ShareLock provides multiple functions, such as a key activated by the app, along with a tracking device built in that will notify you if there is an attempted theft. The app also makes renting someone else’s bike convenient and stress free. Share-lock.de directly says, “ShareLock is the very first smart bike lock, which offers the possibility to become a Bike-Sharer and earn additional income, all while its implemented security features will decrease bike theft substantially!” \n\nWhether you are a bike renter or want to become a bike renter, Share Lock is perfect for you. Within the app, the user is able to receive tokens which allows you to have access to hundreds of bikes that are available. In other words, tokens are the key to being able to rent bikes with the app. If you are interested, the pre-sale starts in around 38 days, and registering/ creating an account is simple.",
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      "parent_permlink": "nousplatform",
      "author": "visiblehand",
      "permlink": "the-advantages-of-nousplatform",
      "title": "The Advantages of Nousplatform",
      "body": "The value proposition of [Nousplatform](Nousplatform.com/ico) is that it has advantages for both fund managers and investors.  I’ll recap those advantages, and then will briefly discuss some of the implications.\n\nOn their website, [Nousplatform](Nousplatform.com/ico) has outlined seven main advantages for fund managers:\n*Provides a technical framework for creating and managing investment funds\n*Allows funds to issue tokens to their investors\n*Allows tokenization of assets from other economic sectors, such as real estate\n*Automated metrics and reporting regarding fund performance\n*Allows funds to set up dividend payouts\n*Automates calculation and payment of commissions to fund managers\n*Provides a head start on marketing, as the [Nousplatform](Nousplatform.com/ico) community can easily find funds that use the platform.\n\nAdditionally, [Nousplatform](Nousplatform.com/ico) has a number of advantages for investors:\n*Allows investors to identify and buy tokens of the best performance funds or projects on the platform\n*Allows easy diversification by enabling investors to invest small amounts of capital in multiple funds\n*Provides full transparency into the current holdings and past performance of each fund\n*Allows users to easily trade tokens issued on Nousplatform\n\nWith traditional investment funds, managing a fund at small scale simply doesn’t work.  The overhead is too expensive, leaving smaller fund managers unable to charge reasonable fees and still make a profit.  As a result, investors are faced with limited choices and no access to many of the best potential managers.  \n\nIn addition, even if an extremely skilled small manager does offer participation in a fund, there are issues of trust.  Performance metrics can be misleading, holdings data is not up to date, minimum investments are too high to allow diversification among funds and there’s even a slight risk of dishonest fund managers committing fraud against their investors.\n\nBy providing a transparent platform that operates on the blockchain, [Nousplatform](Nousplatform.com/ico) eliminates most of these concerns from the world of cryptocurrency fund management and allows investors to invest with confidence in the best funds, regardless of the scale of the fund or the size of the investor’s bankroll.\n\nFor those wondering about the timeline for [Nousplatform](Nousplatform.com/ico), the roadmap currently posted on their website highlights some important upcoming dates:\n*March-May 2018: Launch of beta version of the Nousplatform on the Ethereum Testnet and initial testing and pilot investment funds\n*June 2018: Release of the Nousplatform.  Integration with Bancor protocol.\n*August-September 2018: Launch of beta for decentralized exchange (DEX) and development of the API for escrow and third-party service integration with smart contracts.\n*October 2018: Development and integration of third-party solutions and services to purchase NSU tokens using fiat currency\n*November 2018 – December 2018: Launch of bet integration API for third-party services\n\nI’m itching to see what happens once [Nousplatform](Nousplatform.com/ico) launches.  I suspect that there will be a somewhat viral component to it’s growth.   The earliest adopters are likely to be individuals interested in running their own funds, but without the resources to do so without assistance.  They’ll be drawn to Nousplatform, as it provides tools to handle much of the overhead of running a fund.  As they promote their funds and seek publicity for them, their customers will be exposed to Nousplatform, and some of those customers will create their own funds in turn.  A natural viral cycle will take place.",
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      "title": "My Thoughts on Swiss Alps Energy & Mining",
      "body": "@@ -1,223 +1,174 @@\n+!\n %5BS\n-wiss Alps Logo%5D(https://steemitimages.com/DQmU7xomhTQYY9o6BFeo1tv1x7uGsW3QUDN9hgZJsEcdfXn/%25D0%25A0%25D0%25B0%25D0%25BC%25D0%25BA%25D0%25B02.jpg%0A)!%5B%5D(https://steemitimages.com/DQmbkrLZeVM86CudXu7QkzgBB4HyyuViMLAitC8Uxt7a22A/image\n+creen Shot 2018-05-21 at 9.48.22 AM.png%5D(https://steemitimages.com/DQmQ9toNDsSYStj6Gzu7aWTnkRyCEjDGCgCg1y1evmdbyRJ/Screen%2520Shot%25202018-05-21%2520at%25209.48.22%2520AM\n .png)%0A\n-%0A\n In p\n",
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      "parent_permlink": "bitcoin",
      "author": "visiblehand",
      "permlink": "my-thoughts-on-swiss-alps-energy-and-mining",
      "title": "My Thoughts on Swiss Alps Energy & Mining",
      "body": "[Swiss Alps Logo](https://steemitimages.com/DQmU7xomhTQYY9o6BFeo1tv1x7uGsW3QUDN9hgZJsEcdfXn/%D0%A0%D0%B0%D0%BC%D0%BA%D0%B02.jpg\n)![](https://steemitimages.com/DQmbkrLZeVM86CudXu7QkzgBB4HyyuViMLAitC8Uxt7a22A/image.png)\n\nIn poker, there’s a strategy called the semi-bluff.  The semi-bluff is used when a player has a hand that they know is unlikely to be the best hand, but that could become the best if the right cards fall.  The basic idea of the semi-bluff is that the chance of the hand becoming the best isn’t good enough to make playing it profitable and the chance of a bluff being successful isn’t good enough to be profitable.  But the combination of the chance of a successful bluff and the chance of getting the best hand is enough to make it profitable.  By having two possible paths to victory on the hand, an otherwise unprofitable situation becomes profitable.\n\n[Swiss Alps Mining & Energy](swissalpsmining.io) feels like the semi-bluff to me.  It’s a big, complicated, ambitious project.  As such, the bar for success is set quite high.  Based on my admittedly limited understanding of [Swiss Alps Mining & Energy](swissalpsmining.io) business plan, it seems that the primary path to success will be operating and renting out efficient crypto mining machines.  That alone may or may not be enough to make the entire project successful.\n\nAdditionally, [Swiss Alps Mining & Energy](swissalpsmining.io) will be generating their own power and may have the capability of selling excess energy, which could potentially add to their profits.\n\nIf that isn’t enough, there’s the added environmental benefit of the project.  Crypto mining on their machines should be far more efficient and environmentally friendly than in other locations.  This is a significant benefit as crypto mining already is said to use as much energy worldwide as the total energy consumption of Ireland with the amount expected to increase substantially in the coming years.\n\nLastly, there’s a cultural benefit, as [Swiss Alps Mining & Energy](swissalpsmining.io) will be able to maintain abandoned buildings that contribute to the scenery of the Swiss countryside but would otherwise fall into ruin.\n\nEach of these benefits might not be enough on its own to justify that hard work, expense and risk of an ambitious project like [Swiss Alps Mining & Energy](swissalpsmining.io), but taken together they make a compelling case for the importance of the project and the benefits that will come from it.  I’m certainly hoping (and expecting) that the ICO will be a huge success and that they receive the funding needed for the project to move rapidly ahead in the coming months.\n\nI also believe that this is the type of project that will appeal to the public imagination and hopefully will appeal to environmentally conscious European governments as well.  Elon Musk has become a household name because he isn’t afraid to proceed with big, ambitious, risky projects that will change the world, and I think that Swiss Alps falls into this same category.  As the project gains momentum, publicity will follow more naturally than it does for many other blockchain projects.  In addition, cooperation from governments (initially from the Swiss government and local governments in the Swiss Alps) could go a long way towards overcoming some of the operational and logistical hurdles facing such a complex endeavor. \n\nKeep up with announcements regarding Swiss Alps Energy & Mining [here](https://forum.bitcoin.com/ico-announcements-f120/ico-swiss-alps-energy-ag-t85218.html)\n\nCheck out my profile on Bitcointalk [here](https://bitcointalk.org/index.php?action=profile;u=1749264\n)",
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      "parent_permlink": "nousplatform",
      "author": "visiblehand",
      "permlink": "an-introduction-to-nousplatform",
      "title": "An Introduction to Nousplatform",
      "body": "[Nousplatform](Nousplatform.com/ico) provides blockchain-based escrow, technical and legal frameworks for decentralized management of investment funds that hold tokens or cryptocurrencies.\n\nIt uses NSU tokens (which are based on the ERC-20 standard) as the main utility token for a variety of transaction types between investors and investment funds. These tokens will allow participation in open-ended crypto funds, acquisition of tokenized assets, participation in ICOs, payment of dividends and numerous other functions.\n\nInvestors and investment funds will have access to applications with all of the functions needed to manage their involvement in the investment process.\n\n[Nousplatform](Nousplatform.com/ico) will support five types of funds, each with their own structure and each with their own set of requirements.  These are:\n*Open-ended Investment Funds\n*Closed-ended Investment Funds\n*Venture Capital Funds\n*Charitable Funds\n*Family Trust Funds\n\nOther types of funds may be added in the future.\n\nSome of the advantages of [Nousplatform](Nousplatform.com/ico) include:\n*Ability for investors to participate in investments in assets and fund structures that wouldn’t otherwise be available to them\n*Consolidated KYC and AML functionality\n*Escrow services provide safety for investors and funds\n*Transparency of reporting and performance measurement\n*Guarantee of fund terms via enforcement by automated ‘smart contracts’\n*Ability to tokenize a wide variety of asset classes\n\nThere are a few direct competitors (Blackmoon Crypto, Iconomi, and Melonport) to Nousplatform at this time, but there are substantial differences (which I’ll discuss in a future article) between Nousplatform and each of them, and it appears that Nousplatform will be the most flexible project once all are completed.\n\nThe [Nousplatform](Nousplatform.com/ico) Pre-ICO will likely begin by the time this article is published and the platform will be launched starting in June (according to information at nousplatform.com).  The Pre-ICO will have a discount of 25%, with the ICO to follow consisting of four phrases, each with a decreasing discount relative to the one before it.\n\nI’ve only recently discovered [Nousplatform](Nousplatform.com/ico) and definitely have to learn more about the platform and about their plans for marketing it.  I suspect that in some countries, adoption will be slow due to legal restrictions faced by funds, but that in countries that allow more flexibility this is going to be a big success and will change the way that people create and participate in funds.",
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      "body": "To the question in your title, my Magic 8-Ball says:<blockquote>Outlook not so good</blockquote><hr>*Hi! I'm a bot, and this answer was posted automatically. Check [this post out](https://steemit.com/introduceyourself/@magic8ball/introducing-the-magic-8-ball-bot) for more information.*",
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      "author": "visiblehand",
      "permlink": "will-there-be-sports-betting-on-the-fcfl",
      "title": "Will There Be Sports Betting On The FCFL?",
      "body": "On Monday, May 14, the Supreme Court announced that they had ruled PASPA (the federal ban on sports betting) unconstitutional.  This means that, effective immediately, individual states can determine the legal status of sport betting, unless congress chooses to pass a regulatory framework for it.  Many states are expected to move rapidly to legalize sports betting, with New Jersey, Delaware, West Virginia, Mississippi, New York and Pennsylvania expected to be among the early adopters.  New Jersey’s Monmouth Racetrack hopes to offer sports betting as soon as May 28th, although there are some open questions about whether this will be possible.\n\nOn the question of whether there SHOULD be sports betting on the FCFL, I strongly believe that the answer is ‘not yet’.  With player salaries initially quite low, there’s definitely going to be an incentive (or a perception of incentive) for unscrupulous gamblers to bribe players or even for players to bet against their own team and then contribute to their team losing.  This will be a particularly big problem for “prop bets” where gamblers can bet on the outcome of a specific statistical category.  There was a recent case in England, where a player in the fourth division (possibly low enough that his soccer income wasn’t enough to live on without supplemental income) tipped off friends and family that he would get a yellow card for fouling an opponent.  Anything this easy for one individual to manipulate shouldn’t be subject to wagers, particularly if the players involved aren’t making many times more in salary than the potential size of any bets.\n\nThat said, it likely won’t be up to the FCFL whether betting on its games occurs.  Given that the regulators in the U.S. and other countries appear unlikely to treat different leagues differently based on their size, each sportsbook will make the decision of whether to offer betting on the FCFL.  The good news is that the market may do a fairly good job here.  Initially, while player salaries are very low, there simply won’t be enough demand for betting on FCFL to entice them to offer betting.  As demand grows, sportsbooks will begin offering FCFL bets, but will likely start with harder to manipulate propositions such as betting on which team will win.  Salaries will likely begin rising as well, making small bribes less appealing to players.  By the time crazy prop bets (such as the ‘yellow card’ example mentioned earlier) become available, FCFL salaries should be high enough that there isn’t as much incentive to manipulate game outcomes. There may be a somewhat scary transition period where league popularity outpaces player salaries, but hopefully it will be brief and the sportsbooks will exercise good judgment in what bet types to offer.  It’s in their best interest to avoid any scandals too.",
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      "parent_permlink": "fcfl",
      "author": "visiblehand",
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      "title": "FCFL Partnership Announcements",
      "body": "The FCFL announced three major partnerships last week.  Each of these is important on its own, and combined they will provide FCFL broadcasts with the exposure and the polish that they’ll need to get millions of fans involved.\n\nThe first (and least surprising) is a partnership with Twitch.  This will provide fans with a great platform for viewing FCFL games and for interacting with the games (by making in-game decisions) and with each other.  I also have a great deal of respect for Amazon (Twitch’s parent company) and think that FCFL has definitely put themselves in a great position to succeed by aligning with them.  This will be the first ‘traditional’ sports league that broadcasts its games on Twitch (which also broadcasts most major esports leagues), and as such, should be an important project from Twitch’s point of view.\n\nProduction of the broadcasts will be handled by IMG – the same company that owns the UFC.  This should ensure a high quality to the production.  No chance of a single viewpoint provided by a shaky cameraman using his cell phone!\n\nEntertainment industry titan CAA will also be involved with FCFL, although it’s slightly less clear exactly what they’ll be doing.  It appears that they’ll assist with involvement in a variety of partnerships and distribution ventures.  As more details become clear, I’ll be sure to share them in future articles.\n\nFrom my point of view, these partnerships are great news, with each of them likely to contribute to the FCFL’s success.  The only potential downside is that partners of this importance may have demands or place constraints on the FCFL which could potentially lead to a slower (although ultimately more successful) rollout of the league.",
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      "author": "fuzzmaster",
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      "title": "",
      "body": "I think the fcfl and fan token raise more questions than answers. Not many people in fantasy sports or sports in general seem to care and most people in crypto just want free crypto. They do a poor job of explaining it on their site too and their telegram is useless",
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      "parent_permlink": "fcfl",
      "author": "visiblehand",
      "permlink": "fcfl-vote-allocation-structures-part-3",
      "title": "FCFL Vote Allocation Structures: Part 3",
      "body": "In my previous two articles about vote allocation structures, I described some of the goals of vote allocation and some of the possible types of structures that could be used in the FCFL Which approach do I think is best?\n\nOverall, I think the approach of “one token, one vote…with penalty for large holders” will do the best job of accomplishing the goals (or what should be the goals) of the FCFL\n\nKeep in mind that both the voting mechanism and the exactly distribution of tokens should be completely transparent.  That means that fans will have complete visibility into the voting, and they’ll know exactly when their vote (and the tokens they’ve purchased) are making a difference and how much of a difference they’re making.\n\nAny system in which voting power is based on ranked holdings of tokens isn’t optimal because there will be many users for whom extra tokens are worthless.  For example, let’s say I have 100,000 tokens and the next fan ahead of me has 200,000 tokens.  In a voting structure based on ranked holdings, the next 99,999 tokens that I could purchase are worthless to me.  That’s a situation that the FCFL should be trying to avoid.\n\nIn addition, any system based on “one token, one vote” where large token holders aren’t penalized will theoretically allow individuals or small groups of individuals to control all votes.  That effectively makes 49.99% of tokens worthless, which is another situation that the FCFL should seek to prevent.\n\nThat leaves only one option from among my original suggestions: “one token, one vote with penalty for large holders”.  In a future article, I’ll get into the details of how that might work.",
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      "title": "FCFL Playoff Proposal",
      "body": "I know there’s been some talk about FCFL playoff formats, but no firm decision yet.  I’d imagine that this is one of the decisions that will ultimately be voted on by fans.  Here are my thoughts on an ideal playoff format.\n\nSome of the characteristics that a good playoff system should have are:\n*It should reward regular season success\n*It should give as many teams as possible incentive to win for as long as possible\n*It should be perceived as fair by fans\n*It should create excitement\n\nI think this proposal would accomplish all of those things:\n*1st place: First round bye, then choose which first round winner they want to play\n*2nd place: First round bye, play first round winner not selected by 1st place team\n*3rd place: Choose first round opponent from among 5th and 6th place teams\n*4th place: Play against 5th or 6th place team not selected by 3rd place team\n*5th place: Playoff spot\n*6th place: Playoff spot\n*7th place: Eliminated\n*8th place: Eliminated\n\nThis means that there’s always a substantial advantage to moving up multiple spots.  In addition, it eliminates the quirk of most existing playoff systems that sometimes a higher rank team gets stuck playing a team that’s perceived as tougher than the opponent of a lower ranked team.  And it introduces the additional excitement of teams having to play against a team that they’ve just insulted by selecting them as an opponent.\n\nI’d love to figure out additional features to separate some of the positions with similar results (particularly 4th from 5th and 7th from 8th), but I think this proposal is a really good starting point for discussion.",
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      "permlink": "fcfl-vote-allocation-structures-part-2",
      "title": "FCFL Vote Allocation Structures: Part 2",
      "body": "There are a variety of basic structural options that the FCFL could use for vote allocation.  It doesn’t appear that this decision has been finalized yet, but they have given some hints what they’re considering.  That said, I’m going to run through some possibilities, without initially focusing on which I think they’re likely to adopt.\n\nOne token, one vote: This would allocate voting power directly proportionally to the number of tokens held by each fan.  This is likely the simplest and easiest approach to understand.\n\nOne token, one vote with premium for large holders: This would be similar to the basic ‘one token, one vote’ except with added influence per token for large holders.  This has the benefit of providing lots of incentive to purchase large numbers of tokens and of rewarding one segment of FCFL’s ‘best’ customers.\n\nOne token, one vote with penalty for large holders: This would be similar to the basic ‘one token, one vote’ except that each incremental token beyond a certain level would be worth less (in terms of voting power) than previous tokens.  This has the advantage of limiting how much influence large token holders are able to wield.\n\nVoting power based on ranked holdings: This would give votes based on where each fan ranked as a holder of FAN tokens.  For example, if 5 people held tokens, the largest holder would get 5 votes, the 2nd largest holder would get 4 votes, and so on down to 1 vote for the smallest holder.\n\nVoting power based on tiers of ranked holdings: This would be the structure that most closely resembles a poker tournament. It could look something like this – the largest holder gets 5 votes.  The 2nd through 4th largest holders get 4 votes.  The 5th through 15th largest holders get 3 votes.  The 16th through 100th largest holders get 2 votes.  All other holders get 1 vote.",
      "json_metadata": "{\"tags\":[\"fcfl\",\"football\",\"ico\",\"token\",\"sale\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
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