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Offline bytemaster

VOTE DAC Just Got More Interesting 2.0
« on: October 17, 2014, 09:33:53 PM »

On todays mumble I revealed some more details:

1) VOTING itself is not profitable for a DAC so VOTING cannot be where it gets its value.... *(or can it ;)
2) It will have BitUSD (but no other BitAssets)
3) It will have an improved and more generalized Key Graph than .P2P/KeyID
4) It will have a turing complete scripting environment

There are other to be announced details... but that is what came out today.
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Offline emski

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Re: VOTE DAC Just Got More Interesting 2.0
« Reply #1 on: October 17, 2014, 09:35:45 PM »
On todays mumble I revealed some more details:

1) VOTING itself is not profitable for a DAC so VOTING cannot be where it gets its value.... *(or can it ;)
2) It will have BitUSD (but no other BitAssets)
3) It will have an improved and more generalized Key Graph than .P2P/KeyID
4) It will have a turing complete scripting environment

There are other to be announced details... but that is what came out today.

Will it be only voting then ?

Offline sschechter

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Re: VOTE DAC Just Got More Interesting 2.0
« Reply #2 on: October 17, 2014, 10:15:57 PM »
hmmmmm.....my guess is that it will allow lobbyists to buy bitUSD to pay transaction fees for 'advertisements' - transaction messages sent to DAC voters

Or.....the usage of the term 'turning complete' will cause people to irrationally throw money at it without really knowing what they're getting....

Either way, it sounds like exciting stuff
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Offline mf-tzo

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Re: VOTE DAC Just Got More Interesting 2.0
« Reply #3 on: October 17, 2014, 10:27:32 PM »
Can we use VOTE DAC to vote what to do with PTS? :)

Offline gamey

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Re: VOTE DAC Just Got More Interesting 2.0
« Reply #4 on: October 17, 2014, 10:29:20 PM »
hmmmmm.....my guess is that it will allow lobbyists to buy bitUSD to pay transaction fees for 'advertisements' - transaction messages sent to DAC voters

Or.....the usage of the term 'turning complete' will cause people to irrationally throw money at it without really knowing what they're getting....

Either way, it sounds like exciting stuff

lol @ turing complete's value.

Your first guess sounds solid to me.  You can use keygraph to narrow down demographics etc.  Not just for lobbyists, but for marketers.   

I wonder if the ad money is funneled all to the DAC or to the receiver of the ads?   or both?

Or is your speculation completely off ?
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zerosum

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Re: VOTE DAC Just Got More Interesting 2.0
« Reply #5 on: October 17, 2014, 10:38:15 PM »
hmmmmm.....my guess is that it will allow lobbyists to buy bitUSD to pay transaction fees for 'advertisements' - transaction messages sent to DAC voters

Or.....the usage of the term 'turning complete' will cause people to irrationally throw money at it without really knowing what they're getting....


A whole new meaning to 'turning complete'
LOL
« Last Edit: October 17, 2014, 10:42:22 PM by zerosum »

Offline Rune

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Re: VOTE DAC Just Got More Interesting 2.0
« Reply #6 on: October 17, 2014, 10:43:55 PM »
Bitsharesx is not even close to being a finished or useable product and the core developer focus now goes to a new project?

zerosum

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Re: VOTE DAC Just Got More Interesting 2.0
« Reply #7 on: October 17, 2014, 10:49:52 PM »
Bitsharesx is not even close to being a finished or useable product and the core developer focus now goes to a new project?

I think you are a wise man... I also doubt anybody will listen... :(

Offline starspirit

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Re: VOTE DAC Just Got More Interesting 2.0
« Reply #8 on: October 17, 2014, 10:53:39 PM »
In general, what point does a DAC concept need to be at to justify a snapshot. e.g. Was the VOTES snapshot taken too early, given the business model is still not known?

Offline sschechter

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Re: VOTE DAC Just Got More Interesting 2.0
« Reply #9 on: October 17, 2014, 10:53:49 PM »
Bitsharesx is not even close to being a finished or useable product and the core developer focus now goes to a new project?

Core developer just put on his CEO hat
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Offline Rune

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Re: VOTE DAC Just Got More Interesting 2.0
« Reply #10 on: October 17, 2014, 11:11:48 PM »
Bitsharesx is not even close to being a finished or useable product and the core developer focus now goes to a new project?

Core developer just put on his CEO hat

The thing is, I totally agree with the notion that there should be thousands of DAC's manifesting themselves into our world and transforming all human business, but the key to getting that to happen will be the creation of a huge network that gives bitsharesx, and thus all of bitshares the momentum it needs for these things to get made. A few people cannot create this boundless future of business alone, and unless btsx takes off, there will never be more than a few people working on it (within the bitshares framework anyway).

Right now in these few months, with bitcoin at a yearly low but business interest continuously increasing, we are basically sitting in the perfect storm for propelling a new decentralized network into the spotlight. Before this year is over btsx could be locked in and the future of blockchain tech secured, but only if the developers take the lead and the entire community follows behind them.

Offline Empirical1.1

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Re: VOTE DAC Just Got More Interesting 2.0
« Reply #11 on: October 17, 2014, 11:14:24 PM »
Bitsharesx is not even close to being a finished or useable product and the core developer focus now goes to a new project?

I think you are a wise man... I also doubt anybody will listen... :(

I think BitSharesX is amazing & looking pretty good especially after the next update where shorts compete on yield. BM has said he thinks this DAC could be as big as BTSX and Stan has said there may be some synergy between the two. Personally I'd probably recommend BM takes a bit of a break because I can't imagine all the work and time he must have put into BTSX in the last few months. However if he's passionate about getting stuck into another project that will probably also benefit BTSX, I say thanks and good luck! :)



Offline Rune

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Re: VOTE DAC Just Got More Interesting 2.0
« Reply #12 on: October 17, 2014, 11:34:50 PM »
Bitsharesx is not even close to being a finished or useable product and the core developer focus now goes to a new project?

I think you are a wise man... I also doubt anybody will listen... :(

I think BitSharesX is amazing & looking pretty good especially after the next update where shorts compete on yield. BM has said he thinks this DAC could be as big as BTSX and Stan has said there may be some synergy between the two. Personally I'd probably recommend BM takes a bit of a break because I can't imagine all the work and time he must have put into BTSX in the last few months. However if he's passionate about getting stuck into another project that will probably also benefit BTSX, I say thanks and good luck! :)

But btsx is not useable. There's no mobile wallet, there's no ability to integrate it with a POS system. Shorts paying interest is not going to add any value on its own, it will only make a difference if there is a reason to either buy bitUSD or go long btsx and currently there is no such reason. There must be trade inside the system for it to create any value.

The vote DAC being as big as btsx means nothing, because currently btsx is nothing. It has no actual users, only Chinese speculators and western true believers.

BTSX has the potential to become what everyone has thought bitcoin would become, the system that liberates mankind. But that will only happen if it is made to happen, and currently there are some crucial pieces missing before it will be ready for lift off.

I realize that dan and the team have already done a tremendous lot, but if they finish what they started they will earn the right to rest for the rest of their lives. Right now is really not the time to rest.
« Last Edit: October 17, 2014, 11:36:56 PM by Rune »

Offline jsidhu

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Re: VOTE DAC Just Got More Interesting 2.0
« Reply #13 on: October 17, 2014, 11:41:04 PM »
Turing complete? Are you going to use AT scripts from CIYAM or something? (http://ciyam.org/at)
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zerosum

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Re: VOTE DAC Just Got More Interesting 2.0
« Reply #14 on: October 17, 2014, 11:42:00 PM »
The vote DAC being as big as btsx means nothing, because currently btsx is nothing. It has no actual users, only Chinese speculators and western true believers.

BTSX has the potential to become what everyone has thought bitcoin would become, the system that liberates mankind. But that will only happen if it is made to happen, and currently there are some crucial pieces missing before it will be ready for lift off.

I realize that dan and the team have already done a tremendous lot, but if they finish what they started they will earn the right to rest for the rest of their lives. Right now is really not the time to rest.

Simply put I do not have enough pluses to state how much I agree with that!

 +5% +5% +5%
                     +5% +5% +5%
                                           +5% +5% +5%

PS
And by the way, there is NOTHING, not a single thing!, that can be  AS BIG AS BTSX,  if BTSX reaches its full potential that is...
« Last Edit: October 17, 2014, 11:51:26 PM by zerosum »

 

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