Author [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] Topic: The community urgently need reassurance and clarification from BM  (Read 1107 times)

0 Members and 1 Guest are viewing this topic.

Offline Rune

  • Hero Member
  • *****
  • Posts: 1120
    • View Profile

The damage from the inflation proposal has been massive, despite it being an overall extremely positive development. Far worse is the damage from the extreme uncertainty that is now going through the community. Noone has any idea what is actually going to and if inflation will or will not be implemented.

I dont think there is any going back on the singular bitshare DAC proposal. Even if everything was retracted, the damage to BTSX would already be done, seen from the perspective of the people who fear inflation.

What is now needed is reassurance that the PTS/AGS consolidation will be fair, and that the advantage from implementing inflation and all profitable DAC features into the singular blockchain will be positive in the long term.

Investors are in panic mode, the faster we get reassurance the better, every second of uncertainty hurts.

Offline arhag

  • Hero Member
  • *****
  • Posts: 1213
    • View Profile
    • My posts on Steem
  • BTS: arhag
  • GitHub: arhag
Re: The community urgently need reassurance and clarification from BM
« Reply #1 on: October 19, 2014, 05:16:34 PM »
I agree. This is a perfect opportunity for us to divest of the stakeholders who take a hard line on no diluton and are thus anchoring us down to the earth as the rest of us attempt to rocket to the moon.

If the hard-liners want the no-dilution model they can always fork BTSX and attempt to support the fork themselves. But I will bring up my trillion dollar question as a response to such a strategy:
So here's the trillion dollar question: if Dan and I3 support BTSXDilution and reject providing any additional support to BTSXnodilution other than "our code is on GitHub," what would you do then?

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12176
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BTS: xeroc
  • GitHub: xeroc
Re: The community urgently need reassurance and clarification from BM
« Reply #2 on: October 19, 2014, 05:17:42 PM »
clarification: the 'announcement' was a PROPOSAL!

nothing has been decided ..
nothing has been implemented
nothing will happen 'soonish'

act accordingly ..
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline Rune

  • Hero Member
  • *****
  • Posts: 1120
    • View Profile
Re: The community urgently need reassurance and clarification from BM
« Reply #3 on: October 19, 2014, 05:35:36 PM »
clarification: the 'announcement' was a PROPOSAL!

nothing has been decided ..
nothing has been implemented
nothing will happen 'soonish'

act accordingly ..

Markets dont think this way. For the people who fear inflation or DAC consolidation the mere open discussion of the idea is enough to send them running. Even if it was retracted those investors will not return.

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12176
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BTS: xeroc
  • GitHub: xeroc
Re: The community urgently need reassurance and clarification from BM
« Reply #4 on: October 19, 2014, 05:36:48 PM »
Markets dont think this way. For the people who fear inflation or DAC consolidation the mere open discussion of the idea is enough to send them running. Even if it was retracted those investors will not return.
We are not talking a "regular" investment/market .. are we?

If they have fear .. let them sell ..
I am in for the bigger picture ... not the quick buck ..
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline Stan

  • Hero Member
  • *****
  • Posts: 2809
  • You need to think BIGGER, Pinky...
    • View Profile
    • Cryptonomex
  • BTS: Stan
Re: The community urgently need reassurance and clarification from BM
« Reply #5 on: October 19, 2014, 06:22:02 PM »
I agree. This is a perfect opportunity for us to divest of the stakeholders who take a hard line on no diluton and are thus anchoring us down to the earth as the rest of us attempt to rocket to the moon.

If the hard-liners want the no-dilution model they can always fork BTSX and attempt to support the fork themselves. But I will bring up my trillion dollar question as a response to such a strategy:
So here's the trillion dollar question: if Dan and I3 support BTSXDilution and reject providing any additional support to BTSXnodilution other than "our code is on GitHub," what would you do then?

Survival of the fittest applies to investors too.  :)
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline Stan

  • Hero Member
  • *****
  • Posts: 2809
  • You need to think BIGGER, Pinky...
    • View Profile
    • Cryptonomex
  • BTS: Stan
Re: The community urgently need reassurance and clarification from BM
« Reply #6 on: October 19, 2014, 06:24:53 PM »
clarification: the 'announcement' was a PROPOSAL!

nothing has been decided ..
nothing has been implemented
nothing will happen 'soonish'

act accordingly ..

Markets dont think this way. For the people who fear inflation or DAC consolidation the mere open discussion of the idea is enough to send them running. Even if it was retracted those investors will not return.

Which is as it should be.  99% of our investors a year from now haven't even heard of us yet.  :)

Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline donkeypong

  • Hero Member
  • *****
  • Posts: 2331
    • View Profile
Re: The community urgently need reassurance and clarification from BM
« Reply #7 on: October 19, 2014, 06:28:14 PM »
I agree. This is a perfect opportunity for us to divest of the stakeholders who take a hard line on no diluton and are thus anchoring us down to the earth as the rest of us attempt to rocket to the moon.

If the hard-liners want the no-dilution model they can always fork BTSX and attempt to support the fork themselves. But I will bring up my trillion dollar question as a response to such a strategy:
So here's the trillion dollar question: if Dan and I3 support BTSXDilution and reject providing any additional support to BTSXnodilution other than "our code is on GitHub," what would you do then?

What would I do? Stick with I3. And buy more.

Offline Rune

  • Hero Member
  • *****
  • Posts: 1120
    • View Profile
Re: The community urgently need reassurance and clarification from BM
« Reply #8 on: October 19, 2014, 06:36:37 PM »
clarification: the 'announcement' was a PROPOSAL!

nothing has been decided ..
nothing has been implemented
nothing will happen 'soonish'

act accordingly ..

Markets dont think this way. For the people who fear inflation or DAC consolidation the mere open discussion of the idea is enough to send them running. Even if it was retracted those investors will not return.

Which is as it should be.  99% of our investors a year from now haven't even heard of us yet.  :)

I agree, but i think it is absolutely crucial to present a strong message of reassurance to those of us who remain. Short term panic and uncertainty can have tremendous consequences in the long run and i really dont think it is wise for BM to not be present on the forums during this market crisis. I realize that he didnt anticipate such a volatile reaction so he probably hasnt got a full proposal/plan ready yet, but I would really love to see a sort of "official statement to investors" that can reassure everyone that you guys know what you are doing and that anyone who trusts your judgement should have no reason to panic.

Perhaps now would also be a good time to reveal some new info about thw coming marketing push and other information that will help calm and reassure investors.


Offline nomoreheroes7

Re: The community urgently need reassurance and clarification from BM
« Reply #9 on: October 19, 2014, 06:47:50 PM »
I agree, but i think it is absolutely crucial to present a strong message of reassurance to those of us who remain. Short term panic and uncertainty can have tremendous consequences in the long run and i really dont think it is wise for BM to not be present on the forums during this market crisis. I realize that he didnt anticipate such a volatile reaction so he probably hasnt got a full proposal/plan ready yet, but I would really love to see a sort of "official statement to investors" that can reassure everyone that you guys know what you are doing and that anyone who trusts your judgement should have no reason to panic.

Perhaps now would also be a good time to reveal some new info about thw coming marketing push and other information that will help calm and reassure investors.

 +5%. This is important right now.

Offline luckybit

Re: The community urgently need reassurance and clarification from BM
« Reply #10 on: October 19, 2014, 07:03:47 PM »
The damage from the inflation proposal has been massive, despite it being an overall extremely positive development. Far worse is the damage from the extreme uncertainty that is now going through the community. Noone has any idea what is actually going to and if inflation will or will not be implemented.

I dont think there is any going back on the singular bitshare DAC proposal. Even if everything was retracted, the damage to BTSX would already be done, seen from the perspective of the people who fear inflation.

What is now needed is reassurance that the PTS/AGS consolidation will be fair, and that the advantage from implementing inflation and all profitable DAC features into the singular blockchain will be positive in the long term.

Investors are in panic mode, the faster we get reassurance the better, every second of uncertainty hurts.

I agree with this. Inflation right now is not a good idea unless you want to make everyone panic and either completely cash out or go into BitGLD. No one in their right mind is going to sit back holding BTSX.

While nothing has been decided the market is showing that the ideas are so bad that it's not even worth attempting.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline amatoB

  • Full Member
  • ***
  • Posts: 62
    • View Profile
Re: The community urgently need reassurance and clarification from BM
« Reply #11 on: October 19, 2014, 07:08:27 PM »
clarification: the 'announcement' was a PROPOSAL!

nothing has been decided ..
nothing has been implemented
nothing will happen 'soonish'

act accordingly ..

Markets dont think this way. For the people who fear inflation or DAC consolidation the mere open discussion of the idea is enough to send them running. Even if it was retracted those investors will not return.

Which is as it should be.  99% of our investors a year from now haven't even heard of us yet.  :)

I agree, but i think it is absolutely crucial to present a strong message of reassurance to those of us who remain. Short term panic and uncertainty can have tremendous consequences in the long run and i really dont think it is wise for BM to not be present on the forums during this market crisis. I realize that he didnt anticipate such a volatile reaction so he probably hasnt got a full proposal/plan ready yet, but I would really love to see a sort of "official statement to investors" that can reassure everyone that you guys know what you are doing and that anyone who trusts your judgement should have no reason to panic.

Perhaps now would also be a good time to reveal some new info about thw coming marketing push and other information that will help calm and reassure investors.

If, as you claim, the damage has already been done from inflation, what would be the benefit in hastily revealing the "secret sauce" and strategic marketing plans?

Offline Rune

  • Hero Member
  • *****
  • Posts: 1120
    • View Profile
Re: The community urgently need reassurance and clarification from BM
« Reply #12 on: October 19, 2014, 07:09:22 PM »
The damage from the inflation proposal has been massive, despite it being an overall extremely positive development. Far worse is the damage from the extreme uncertainty that is now going through the community. Noone has any idea what is actually going to and if inflation will or will not be implemented.

I dont think there is any going back on the singular bitshare DAC proposal. Even if everything was retracted, the damage to BTSX would already be done, seen from the perspective of the people who fear inflation.

What is now needed is reassurance that the PTS/AGS consolidation will be fair, and that the advantage from implementing inflation and all profitable DAC features into the singular blockchain will be positive in the long term.

Investors are in panic mode, the faster we get reassurance the better, every second of uncertainty hurts.

I agree with this. Inflation right now is not a good idea unless you want to make everyone panic and either completely cash out or go into BitGLD. No one in their right mind is going to sit back holding BTSX.

While nothing has been decided the market is showing that the ideas are so bad that it's not even worth attempting.

Inflation *right now* is not a good idea, but putting inflation on the table, and having it as a strong tool for delegates and developers to upgrade and market bitshares, is absolutely crucial. The ability to issue new shares to bootstrap and amplify consumer adoption will be a gargantuan advantage that no other blockchain will be able to match. When other chains try to implement it to compete with us, they will run into this same problem of market panic and will perhaps be set back even more than we currently have.

I don't even really consider what has happened now as a real sell off, but it is pretty important that the price doesnt fall any further in the short term. If market cap gets below 40 million there would be some quite significant long term confidence issues. That's why good (DA)corporate communication is crucial right now, and I'm talking every minute counts, the sooner we get a strong positive message from BM the sooner markets will calm, consolidate, bottom out and claw back some of the lost market cap.

It would be bad in the long term to have the announcement of these incredibly good news be mostly remembered as the catalyst of a "black friday" like sell off.

Offline Rune

  • Hero Member
  • *****
  • Posts: 1120
    • View Profile
Re: The community urgently need reassurance and clarification from BM
« Reply #13 on: October 19, 2014, 07:19:19 PM »
clarification: the 'announcement' was a PROPOSAL!

nothing has been decided ..
nothing has been implemented
nothing will happen 'soonish'

act accordingly ..

Markets dont think this way. For the people who fear inflation or DAC consolidation the mere open discussion of the idea is enough to send them running. Even if it was retracted those investors will not return.

Which is as it should be.  99% of our investors a year from now haven't even heard of us yet.  :)

I agree, but i think it is absolutely crucial to present a strong message of reassurance to those of us who remain. Short term panic and uncertainty can have tremendous consequences in the long run and i really dont think it is wise for BM to not be present on the forums during this market crisis. I realize that he didnt anticipate such a volatile reaction so he probably hasnt got a full proposal/plan ready yet, but I would really love to see a sort of "official statement to investors" that can reassure everyone that you guys know what you are doing and that anyone who trusts your judgement should have no reason to panic.

Perhaps now would also be a good time to reveal some new info about thw coming marketing push and other information that will help calm and reassure investors.

If, as you claim, the damage has already been done from inflation, what would be the benefit in hastily revealing the "secret sauce" and strategic marketing plans?

Yeah absolutely the "secret sauce" should not be revealed. Besides, I'm pretty sure it's not actually a fully fledged plan yet, it's probably just some vague ideas that wouldn't really inspire much confidence for investors. I'm talking about the roadmap for the debit/credit cards and the marketing push that Stan has been talking about for so long. Almost zero detail has been revealed about it, and I don't really buy that it will be bad competition-wise to reveal just some of it. At least considering that Investors would really love to hear something that will make them medium term confident and prevent the excessive uncertainty we are currently in. From a corporate communication standpoint the stakeholder dialogue has been really bad so far, and I'd love to see it get turned around.

Had there been put more thought into how to communicate this whole debacle, starting from the VOTE 2.0 thread Dan made, I think the sell off could have been avoided entirely, or at least mitigated considerably. I just hope the team will learn from their mistakes, and if they ever need input on stakeholder communication I'd be glad to volunteer.

Offline luckybit

Re: The community urgently need reassurance and clarification from BM
« Reply #14 on: October 19, 2014, 07:23:59 PM »
The damage from the inflation proposal has been massive, despite it being an overall extremely positive development. Far worse is the damage from the extreme uncertainty that is now going through the community. Noone has any idea what is actually going to and if inflation will or will not be implemented.

I dont think there is any going back on the singular bitshare DAC proposal. Even if everything was retracted, the damage to BTSX would already be done, seen from the perspective of the people who fear inflation.

What is now needed is reassurance that the PTS/AGS consolidation will be fair, and that the advantage from implementing inflation and all profitable DAC features into the singular blockchain will be positive in the long term.

Investors are in panic mode, the faster we get reassurance the better, every second of uncertainty hurts.

I agree with this. Inflation right now is not a good idea unless you want to make everyone panic and either completely cash out or go into BitGLD. No one in their right mind is going to sit back holding BTSX.

While nothing has been decided the market is showing that the ideas are so bad that it's not even worth attempting.

Inflation *right now* is not a good idea, but putting inflation on the table, and having it as a strong tool for delegates and developers to upgrade and market bitshares, is absolutely crucial. The ability to issue new shares to bootstrap and amplify consumer adoption will be a gargantuan advantage that no other blockchain will be able to match. When other chains try to implement it to compete with us, they will run into this same problem of market panic and will perhaps be set back even more than we currently have.

I don't even really consider what has happened now as a real sell off, but it is pretty important that the price doesnt fall any further in the short term. If market cap gets below 40 million there would be some quite significant long term confidence issues. That's why good (DA)corporate communication is crucial right now, and I'm talking every minute counts, the sooner we get a strong positive message from BM the sooner markets will calm, consolidate, bottom out and claw back some of the lost market cap.

It would be bad in the long term to have the announcement of these incredibly good news be mostly remembered as the catalyst of a "black friday" like sell off.

That is the key point. Inflation RIGHT NOW is not a good idea.

So why should Bytemaster present a plan as if he's going to do it now? Strategically I cannot think of a worse time to do it when the holiday season is near and the market cap of all coins are shrinking.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

 

Google+