Jace Hall's Feed
Jace HallI posted this in response to @RedDawn 's Wall post, but it may have been missed by most. Also I wanted to add a thought to it.. Wondering if anyone has any additional thoughts...
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As TG continues to improve itself and the community grows, there has been an increasing positive sentiment and desire to contribute expressed from the membership and public.
Currently, TG has no advertisements, no donation mechanism, no merchandise, etc. All of the ongoing costs of operation are paid for by TG ownership.
While it is always great to offer free service to people in the spirit of community, fun, and achievement recognition, the fact that the ownership must pay for everything at any given moment certainly creates limitations on how fast and how much improvement can be accomplished.
I think there are many community members who would like to see more done and a faster pace, and they are willing to contribute to help make that happen if there was some reasonable way to do so.
I've been thinking about the various ways that this may be accomplished, and of course there are pros/cons to every method.
After careful evaluation, the most interesting solution I believe may be for TG to create its own Cryptocurrency.
This would allow people to buy the currency and own it, and eventually its value may increase as TG continues to develop and then makes use of the currency for tournament/contest/event prize money, submission point conversion, TG merchandise purchases, certificates, etc.
Specifically want to call out the idea of allowing submission points to have some kind of conversion ability into the crypto - I think that could be interesting...
I'm reasonably confident that I have enough industry relationships to eventually help facilitate the step-by-step business deals required for TG currency to potentially be accepted or awarded at other locations, be it websites or physical locations - and eventually get it on the crypto exchanges.
The money received by TG from the initial currency sale would be directly used to improve the site and meet all the feature requests the community asks for much more quickly.
In my view this solution may be better than a donation button or putting up ads and etc. Its a way for the community to contribute and not only get a better TG with more resources, but also own something that specifically can go up in value as TG improves along with it.
Anyway, that's been my current thinking as one possible direction.
Opinions are welcome. Please express your thoughts.
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