Decentralized Autonomous Companies (DAC's) can pay you every 3 seconds...
Decentralized Autonomous Companies (DAC's) can pay you every 3 seconds...
I have often been asked...
"How do I earn a regular income but not have to worry about the company going out of business or downsizing me out of a job?"
Dan Larimer (the man who invented Bitshares) originally came up with the idea of DAC's so I have to give credit where credit is due. A DAC is simply a company (or Organization, Community, etc) that (more or less) runs itself without a bunch of "Managers" or other useless Porka-driving douchebags.
A DAC is simply a bunch of computer code that executes transactions and contracts automatically via pre-defined rules in that software on a Blockchain (it's like a high-tech database). DAC's do not usually have a brick and mortar office since the people who work for the DAC typically work from their homes all around the world. This keeps costs down (less Lawyers, less risk, less Bookkeepers, less insurance needed and so on) and secures Investors in the DAC that should a Worker at the DAC get fired, or die or quit or whatever, the shareholders of that DAC will hardly notice a difference, as the DAC just keeps right on ticking.
Ok, so how do I make an income from a DAC?
First, you'll want to get familiar with the different options inside of the DAC's "wallet". Downloads for:
- Win/Mac/Linux: bitshares.org/download
- Android: play.google.com/store/apps/developer?id=BitShares+Munich
...and then:
- Get a Worker voted in (get hired as a Coder, Marketer, Graphic Designer, Tech Support, etc)
- Create a Decentralized App (Dapp) that pays you (nothing can touch your app if it runs on Graphene)
- Setup your own Prediction Market (get paid to setup online betting)
- Run a Witness node (tech-savvy admins who get paid to keep their computers running)
- Create a User-Issued Asset (UIA) and allow it to be traded (your very own crypto coin!)
- Use steemit.com when you post. If users like what you write, they can Upvote you to help support your work!
I fell in love with the Graphene blockchain because it has proven to be able to handle over 100,000 transactions per second (that's more tps than Visa and Mastercard combined) and processes transactions in 3 seconds or less. If we could afford big hardware like AWS or Google then I am sure we could push our testnet to a million tps!
The Graphene blockchain handles over 100Ktps with 3sec blocks (beat that!)
The point here is, you want to make some money and you don't want to have to learn programming or some difficult new software package. You just want to do what you love and get paid what you're worth. You want a steady income that does not rely on some Porka-driving douchebag.
Try a DAC wallet, you'll be glad you did :)
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