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Offline Stan

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Staff Meeting Notes - Monday, April 20, 2015
« on: April 23, 2015, 12:31:12 AM »

Staff Meeting Notes - Monday, April 20, 2015

Here is a summary of Monday’s developer staff meeting. Hopefully this will give everyone more time to get Fuzzy your questions where he can organize them rather than trying to respond to Bytemaster's opening statement in real time.


I showed up to Monday's staff meeting ready to take notes for this report.
Unfortunately, 100% of the time was taken up on classified topics that have not been announced yet.
Leaving me in the unfortunate position of having nothing to report and a lot of white space to fill!



While everybody is still tasked with continuing to perfect the same things I told you about last week,
many finally got permission to move ahead on some exciting and suddenly urgent new tasks. 

For some readers, my unfortunate lack of reportable details will be a disappointment.
For others, those with a nose for news, it might be an exciting indication that Something is Up.

Your call...  :)

I'll try to get them to talk about some boring stuff for next Monday's report.

Meanwhile, I would recommend you attend the regular Fuzzy Friday town hall meetings the rest of this spring semester. Bytemaster seems to have become a bit more talkative lately.
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 clayop

Re: Staff Meeting Notes - Monday, April 20, 2015
« Reply #1 on: April 23, 2015, 12:38:34 AM »
Staff Meeting Notes - Monday, April 20, 2015

This is the best news I've ever heard  :D
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Vote for me and see Korean Bitshares community grows
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Offline Ander

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Re: Staff Meeting Notes - Monday, April 20, 2015
« Reply #2 on: April 23, 2015, 12:45:20 AM »
Such a troll. :P
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Offline Globally Distributed

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Re: Staff Meeting Notes - Monday, April 20, 2015
« Reply #3 on: April 23, 2015, 02:03:29 AM »
I would recommend you attend the regular Fuzzy Friday town hall meetings the rest of this spring semester. Bytemaster seems to have become a bit more talkative lately.

the quiet periods have always been sort of metamorphoses, which brings a more beautiful bts

"People don't buy what you do, they buy why you do it."  https://www.youtube.com/watch?v=u4ZoJKF_VuA

kudos robrigo

Offline xeroc

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Re: Staff Meeting Notes - Monday, April 20, 2015
« Reply #4 on: April 23, 2015, 06:50:15 AM »
Meanwhile, I would recommend you attend the regular Fuzzy Friday town hall meetings the rest of this spring semester. Bytemaster seems to have become a bit more talkative lately.
*Indeed*
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Offline iHashFury

Re: Staff Meeting Notes - Monday, April 20, 2015
« Reply #5 on: April 23, 2015, 09:09:03 AM »
Buy the Rumor, Sell the Fact

Offline fuzzy

Re: Staff Meeting Notes - Monday, April 20, 2015
« Reply #6 on: April 23, 2015, 09:18:44 AM »
BROWNIE==DKP; BitShares is our Community! 
ShareBits Welcome to  the Sharing Economy w/ BeyondBitcoin.org Partners--ShareBits.io & OpenLedger.info
TIP FORMAT: #sharebits "ForumHandleInQuotes" Quanity Token_Name

Offline Akado

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Re: Staff Meeting Notes - Monday, April 20, 2015
« Reply #7 on: April 23, 2015, 09:22:24 AM »
I actually laughed  :P
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Offline Ben Mason

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Re: Staff Meeting Notes - Monday, April 20, 2015
« Reply #8 on: April 23, 2015, 09:44:37 AM »
Thank you Bitshares for already having taught me patience!  Without that, i'd be tearing what's left of my hair out with excitement!

Offline Globally Distributed

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Re: Staff Meeting Notes - Monday, April 20, 2015
« Reply #9 on: April 23, 2015, 11:18:29 AM »
Meanwhile, I would recommend you attend the regular Fuzzy Friday town hall meetings the rest of this spring semester. Bytemaster seems to have become a bit more talkative lately.

Last mumble was insane.  I'm sure BM spilled plenty of beans.

#5 black swan protection

We should trademark that term.

The "arbitration" of the least collateralized (or most leveraged) positions to force liquidity = BLACK SWAN PROTECTION (forced liquidity)

Those trading on margin (or at least with low collateral) will be the ones getting called to arbitration (to maintain liquidity), while those who want to invest and play Rip Van Winkle, can just adequately collateralize their positions, and never have to worry about getting called to arbitration.

Realistically, once volume and liquidity pick up, then this obscure "arbitration = black swan protection" mechanism will probably be forgotten by the masses because the market will function well without it.

What will be the lowest level of collateral be?  Will leverage be allowed? How much?

These are the last tiny details that need to be ironed out prior to implemmentation.

Black Swan Protection means that BitShares cannot fail, but it can liquidate (to save the system)(the riskiest or highest leveraged positions first)(therefore the free market battle for survival here involves investors having to calculate the most lucrative levels of collateralization for their investments)(winners get the highest returns at the highest leveraged positions)(losers either overcollateralized and did not make as much profit as they could on their trades or they get called to arbitration getting stopped out of their position in the process)(both losing cases and all winning cases have netural effects on the overall security of the system against failure or liquidity drying up).  So basically, you can trade all you want, anyway you want, and liquidity will always be there.

Great idea!  How can we begin?
"People don't buy what you do, they buy why you do it."  https://www.youtube.com/watch?v=u4ZoJKF_VuA

kudos robrigo


Offline Gentso1

Re: Staff Meeting Notes - Monday, April 20, 2015
« Reply #11 on: April 23, 2015, 12:36:53 PM »
I like this.


Not really a hyped up statement just a mere "something is up".

I think you are starting to get the hang of this :)


Offline Stan

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Re: Staff Meeting Notes - Monday, April 20, 2015
« Reply #12 on: April 23, 2015, 01:00:09 PM »
Buy the Rumor, Sell the Fact

Um,  Buy the Rumor, HODL the Fact.   :)
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 nomoreheroes7

Re: Staff Meeting Notes - Monday, April 20, 2015
« Reply #13 on: April 23, 2015, 01:03:19 PM »
Buy the Rumor, Sell the Fact

Um,  Buy the Rumor, HODL the Fact.   :)

Is it really that good Stan? Can you tell me more? Please tell me more.  :-X

Offline iHashFury

Re: Staff Meeting Notes - Monday, April 20, 2015
« Reply #14 on: April 23, 2015, 01:34:37 PM »
Buy the Rumor, Sell the Fact

Um,  Buy the Rumor, HODL the Fact.   :)

How about:

Buy the Rumor, Short the Fact  :P

 

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