Author Topic: Moonstone Fundraiser Help Thread  (Read 11969 times)

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Offline maqifrnswa

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maintains an Ubuntu PPA: https://launchpad.net/~showard314/+archive/ubuntu/bitshares [15% delegate] wallet_account_set_approval maqifrnswa true [50% delegate] wallet_account_set_approval delegate1.maqifrnswa true

Offline xeroc

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(MOONSTONE is the right UIA, correct?)
nop .. AFAIK its MOONFUND

Offline maqifrnswa

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1. Are the prices on metaexchange.info and moonstone.io different by design?

2. If this funding goes real well - Are you gonna end it at  ~130K USD or you gonna let it run for the while 30 days, collecting say 200K USD?

metaexchange.info is just the current exchange pricing determined by the market (not moonstone.io). It should be traded theoretically at a 15% discount to what BTS are worth now, anything off of that is an arbitrage opportunity. Right now 1 BTC = 44k BTS, and 1 BTC=51k MOONFUND, so it looks about right. I got corrected by bitsapphire: metaexchange is the same as the donation through moonstone.io
« Last Edit: April 09, 2015, 03:34:24 pm by maqifrnswa »
maintains an Ubuntu PPA: https://launchpad.net/~showard314/+archive/ubuntu/bitshares [15% delegate] wallet_account_set_approval maqifrnswa true [50% delegate] wallet_account_set_approval delegate1.maqifrnswa true

zerosum

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1. Are the prices on metaexchange.info and moonstone.io different by design?

2. If this funding goes real well - Are you gonna end it at  ~130K USD or you gonna let it run for the while 30 days, collecting say 200K USD?

Offline .yoshi

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The tokens are send to your newly generated wallet directly.

I wonder most people will already have a BitShares wallet and might then prefer to use that with https://metaexchange.info/markets/MOONFUND/BTC
That just worked well for me and MOONFUND received but I notice though that the total $ on https://moonstone.io/ hasn't updated.

"The total number and percentage bar are updated on a 15-30 minute basis as we count only verified bitcoin transactions and cloudflare takes about 15 minutes to update on all continents. This is normal and expected." from second post in this thread.

Offline davidpbrown

The tokens are send to your newly generated wallet directly.

I wonder most people will already have a BitShares wallet and might then prefer to use that with https://metaexchange.info/markets/MOONFUND/BTC
That just worked well for me and MOONFUND received but I notice though that the total $ on https://moonstone.io/ hasn't updated.
฿://1CBxm54Ah5hiYxiUtD7JGYRXykT5Z6ZuMc

Offline bitsapphire


Any issues donating directly from Coinbase to my assigned BTC address?

No issues. You can donate from any BTC address. The tokens are send to your newly generated wallet directly.
Register and get your personal Moonstone Wallet Beta here: https://moonstone.io/login-register.html

Offline Riverhead


Any issues donating directly from Coinbase to my assigned BTC address?

Offline bitsapphire

why not support bitusd

We cash out all BTC every day into fiat. All of the donations go into operational expenses. This creates some downward pressure on BTC.

If we accepted BTS or bitAssets we would be required to convert them on the spot to BTC and then to fiat, in which case we would loose a lot of funds just through the spread and exchange fees. This would then create a lot of downward pressure on BTS.

By using BTC we lower the overall pressure on BTS, create potential new long positions on BTS, and reduce the overall crowdfunding amount in terms of BTS we need to raise to make it to 130,000 USD, and increase the overall likelihood of achieving the 15% repayment. It's a win-win all around.
Register and get your personal Moonstone Wallet Beta here: https://moonstone.io/login-register.html

Offline bitsapphire

I'm kind of confused as to the whole "buyback" model that's going on. Is it basically BitSapphire delegates that will need to get hired by the blockchain in order to pay back moonstone donations? What if BitSapphire can't get enough delegates elected? What are the reasonable odds of losing money in the whole deal as opposed to receiving a 15% ROI? Is there a risk of losing all investment if things don't work out as planned?

Basically, how much riskier is it to buy and hold moonstone IOUs as opposed to just hodling BTS?

Good question. The crowdfunder is similar to a kickstarter where we wnat to release a public good (The whole wallet code under the open source MIT license). However, normally kickstarter-style donation drives mean that a minority of passionate people pay for the public. This means that there is an incentive for the public to free-ride.

With BitShares it is for the first time possible to build a public good and get payed by the public for doing so (i.e. the delegate pay system). The problem we see currently is that the public is essentially taking on the risk of hiring a delegate without him/her producing anything of significance yet. We are very much against the public paying for risk taking, that should be left to individual donors/investors. By combining a market for projects and their public return via the delegate system, and the delegate pay itself, it becomes possible to de-risk the public completely!

This means that the donors can get payed by the public via the delegate system for choosing the right projects, while the public never takes "the wrong bet".

The secondary effect of this system is that the kickcstarter model still works, but as a donor you reduce your overall risk exposure as you can make potentially a return.

Considering that the project is close to completion (we're currently working on the market interface which will be presented soon, and a custom blockchain deserializer) the risk should be considerably lower than lets say a traditional kickcstarter model where projects ask for money to start working on it. We've already done the heavy lifting!
Register and get your personal Moonstone Wallet Beta here: https://moonstone.io/login-register.html

Offline youlonghun

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why not support bitusd

Offline bitsapphire

Can you spell out more clearly why moontokens are valuable?

Each MOONFUND token will be bought back from the market with BTS in the future via delegate pay. For every donation you will receive 15% more MOONFUND tokens than you would BTS on a current exchange. This means that as long as the Moonstone wallet becomes sufficiently popular over the next 5-30 months you can make a return on your donation.
Register and get your personal Moonstone Wallet Beta here: https://moonstone.io/login-register.html

Offline nomoreheroes7

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I'm kind of confused as to the whole "buyback" model that's going on. Is it basically BitSapphire delegates that will need to get hired by the blockchain in order to pay back moonstone donations? What if BitSapphire can't get enough delegates elected? What are the reasonable odds of losing money in the whole deal as opposed to receiving a 15% ROI? Is there a risk of losing all investment if things don't work out as planned?

Basically, how much riskier is it to buy and hold moonstone IOUs as opposed to just hodling BTS?

Offline CLains

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Can you spell out more clearly why moontokens are valuable?

Offline bitsapphire

Questions https://bitsharestalk.org/index.php/topic,15598.0.html

The total number and percentage bar are updated on a 15-30 minute basis as we count only verified bitcoin transactions and cloudflare takes about 15 minutes to update on all continents. This is normal and expected.

Register and get your personal Moonstone Wallet Beta here: https://moonstone.io/login-register.html