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: You should contact Blythe Masters  (Read 311 times)

0 Members and 1 Guest are viewing this topic.

Offline BldSwtTrs

  • Sr. Member
  • ****
  • Posts: 220
    • View Profile
You should contact Blythe Masters
« on: April 22, 2015, 08:57:06 PM »

It seems she might love what Bitshares is doing:

http://www.institutionalinvestor.com/article/3446313/banking-and-capital-markets-trading-and-technology/derivatives-pioneer-blythe-masters-tackles-digital-currency.html#.VTgKqZMl9j_

 "There are lots of different ways technologically to think
    about the question of managing motivation for transaction
    processing. The approach you describe is one approach that
    exists today, but there are entirely different protocols where
    the motivation of a network transaction processor, which is a
    less pejorative term for miner, could be to keep the network
    safe or functioning because they're users. So you could
    imagine a world where you dont have independent miners
    who are motivated by the financial return for their mining, but
    rather people who have invested in a shared utility who have an
    interest in it continuing to work because they are using it to
    do whatever it is they do for a living."

Online Frodo

  • Sr. Member
  • ****
  • Posts: 342
    • View Profile
  • BTS: frodo
Re: You should contact Blythe Masters
« Reply #1 on: April 22, 2015, 09:50:11 PM »
Blythe Masters

Illuminati confirmed.

Offline luckybit

Re: You should contact Blythe Masters
« Reply #2 on: April 22, 2015, 10:13:41 PM »
It seems she might love what Bitshares is doing:

http://www.institutionalinvestor.com/article/3446313/banking-and-capital-markets-trading-and-technology/derivatives-pioneer-blythe-masters-tackles-digital-currency.html#.VTgKqZMl9j_

 "There are lots of different ways technologically to think
    about the question of managing motivation for transaction
    processing. The approach you describe is one approach that
    exists today, but there are entirely different protocols where
    the motivation of a network transaction processor, which is a
    less pejorative term for miner, could be to keep the network
    safe or functioning because they're users. So you could
    imagine a world where you dont have independent miners

    who are motivated by the financial return for their mining, but
    rather people who have invested in a shared utility who have an
    interest in it continuing to work because they are using it to
    do whatever it is they do for a living."

Why? She's last person to contact. She's in the inner circle of the financial establishment. Has Bitshares had any success so far with the inner circle of the financial establishment to make you believe this is a good idea?

I don't have a problem the establishment but they don't play by the same rules. Contacting her will not help Bitshares at all at this stage. She is someone you would want to contact after Bitshares has a nice billion dollar market cap.

Quote

    imagine a world where you dont have independent miners
    who are motivated by the financial return for their mining, but
    rather people who have invested in a shared utility who have an
    interest in it continuing to work because they are using it to
    do whatever it is they do for a living."



She wants to basically go with some sort of volunteer method or worse. Removing the financial incentive only leaves coercion as the means of making "dependent" miners have an interest in continuing to work for free.

Sorry but that idea is terrible. It can only work with coercion. Similar to how everyone pays taxes because they'd like to stay out of jail and keep their money. While I don't know the rest of her ideas if that is all we have to go by then it's a bad look.

Bitshares is actually superior at this point in time because the delegates are paid. No matter what anyone says if you have a choice between being paid and independent or being a dependent volunteer what are you going to choose? And what is better for the ecosystem?
« Last Edit: April 22, 2015, 10:23:48 PM by luckybit »
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline luckybit

Re: You should contact Blythe Masters
« Reply #3 on: April 22, 2015, 10:28:55 PM »
I'm not trying to be too negative. Yes you need contacts with banks as gateways.
And it might be a good idea to contact her at some point.

But at the same time those relationships are not early to build. Trust has to be built, relationships have to be built, just like how Ripple had to put a lot of effort to build relationships with banks. It's not as simple as just contacting and making a deal. Each side has to have something to offer to the other side.

Right now Bitshares only has a 10-12 million dollar market cap. It would be laughed at or it would be forked by people who think they know better. The community just isn't big enough yet to attract a bank and you need a lot of market cap or users to make a good case.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

 

Google+