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: follow my vote and workers  (Read 872 times)

0 Members and 1 Guest are viewing this topic.


Offline toast

Re: follow my vote and workers
« Reply #1 on: May 12, 2015, 10:24:41 PM »
This has been suggested many times in many variations and Dan is very much against it. His perspective is that it's Adam's property and so it should be only his decision what to do with it. IMO the problem is that it was part of a decision he didn't want shareholders voting on (merger and allocations etc).

What's done is done, maybe it was unjust but it will come back to bite BTS when people don't want to use the BTS main chain for stuff.
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline Ander

  • Hero Member
  • *****
  • Posts: 3507
    • View Profile
  • BTS: Ander
Re: follow my vote and workers
« Reply #2 on: May 12, 2015, 10:30:13 PM »
This has been suggested many times in many variations and Dan is very much against it. His perspective is that it's Adam's property and so it should be only his decision what to do with it. IMO the problem is that it was part of a decision he didn't want shareholders voting on (merger and allocations etc).

What's done is done, maybe it was unjust but it will come back to bite BTS when people don't want to use the BTS main chain for stuff.

Indeed.  Regardless of whether or not you think it was a mistake to give someone that much BTS, it was done, and you cannot retroactively go into a blockchain and cut out their stake through a hard fork.  The instant you do that the blockchain loses all credibility, and no one will trust it ever again.  We cannot get that 30M BTS back, but we can hope to get something valuable from it.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

zerosum

  • Guest
Re: follow my vote and workers
« Reply #3 on: May 12, 2015, 10:34:35 PM »
This has been suggested many times in many variations and Dan is very much against it. His perspective is that it's Adam's property and so it should be only his decision what to do with it. IMO the problem is that it was part of a decision he didn't want shareholders voting on (merger and allocations etc).

What's done is done, maybe it was unjust but it will come back to bite BTS when people don't want to use the BTS main chain for stuff.

Well in my view it does not mean that we (the community) and Dan cannot express our strong opinion that it is best if Adam voluntarily burns said funds...if he choses of course, but you know... we strongly encourage such a move...

In other words it is indeed Adams property! I just want him to come and openly say "It is my property, I deserve it for what I have (not) done and so I will keep it!"

[edit] And no, I have absolutely  have no clue if BTS is marketable in its current state, but marketable or not I was not the one promising marketing results...and then saying "Thanks for the half a mil, but do you know what I will do nothing".
« Last Edit: May 12, 2015, 10:42:26 PM by tonyk2 »

Offline Akado

  • Hero Member
  • *****
  • Posts: 2759
    • View Profile
  • BTS: akado
Re: follow my vote and workers
« Reply #4 on: May 12, 2015, 10:35:48 PM »
I still didn't quite get this thing with Vote. We had the merger, DNS and Vote (supposedly) merged with BTSX and it gave birth to BitShares, but i see Follow My Vote as something independent. What's up with Vote then? From what I got it should be part of BitShares but it isn't. I'm confused and never really got around that
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline speedy

  • Hero Member
  • *****
  • Posts: 1160
    • View Profile
  • BTS: speedy
Re: follow my vote and workers
« Reply #5 on: May 12, 2015, 10:42:24 PM »
This has been suggested many times in many variations and Dan is very much against it. His perspective is that it's Adam's property and so it should be only his decision what to do with it. IMO the problem is that it was part of a decision he didn't want shareholders voting on (merger and allocations etc).

What's done is done, maybe it was unjust but it will come back to bite BTS when people don't want to use the BTS main chain for stuff.

What exactly did he do to get such a huge shit load of BTS as his personal property?

At our peak market cap that much BTS would make him a millionaire, at which point he has no further incentive to do anything for BTS, which might already be the case given how little he posts here.
« Last Edit: May 12, 2015, 10:50:23 PM by speedy »

Offline Ander

  • Hero Member
  • *****
  • Posts: 3507
    • View Profile
  • BTS: Ander
Re: follow my vote and workers
« Reply #6 on: May 12, 2015, 11:14:15 PM »
Quote
What exactly did he do to get such a huge shit load of BTS as his personal property?

At our peak market cap that much BTS would make him a millionaire, at which point he has no further incentive to do anything for BTS, which might already be the case given how little he posts here.

He was given some portion of the vote dac (30%?) to develop follow my vote.  Then in the merger this became 30M BTS.  I dont believe than any of this BTS has been sold.  (Last time I looked at balances, there is an account with 30M BTS that hasnt ever moved, pretty sure this is the follow my vote BTS.  So at the very least he has not made any fiat $ out of it, as of right now.

As to what he's done.  They made a presentation to lawmakers in california, and a presentation to the pirate party in...was it finland?  They made a nice video of that presentation. 

Aside from those things we havent seen anything.

Bytemaster has said follow my vote is 'critical'. 

I have no idea what we will end up getting out of follow my vote, if anything.  Maybe it will end up being awesome, maybe it will give no value, I have no idea.  There is widespread anger against it due to the 30M bts.  I look at this anger as mostly people looking for someone to blame when their investment went down. 
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline speedy

  • Hero Member
  • *****
  • Posts: 1160
    • View Profile
  • BTS: speedy
Re: follow my vote and workers
« Reply #7 on: May 12, 2015, 11:19:00 PM »
There is widespread anger against it due to the 30M bts.  I look at this anger as mostly people looking for someone to blame when their investment went down.

Im not blaming anyone else, im about to buy more BTS as soon as my BTC order gets filled. Thats because I understand the value proposition that BitAssets drives demand for BTS. I dont understand how voting services drives demand. Although I trust BM, for him to say "its critical" requires a leap of faith.

Offline Agent86

  • Sr. Member
  • ****
  • Posts: 471
  • BTSX: agent86
    • View Profile
Re: follow my vote and workers
« Reply #8 on: May 13, 2015, 04:00:26 AM »
I was more disappointed the DNS premine disappeared in the merger.  Nikolai was always the one saying "I'll spend my own salary" on this or that if it doesn't get approved for AGS funding for various things.  So I would have liked to see him keep that budget to fund DNS or anything else, but it's hard to change anything now.

Offline mint chocolate chip

Re: follow my vote and workers
« Reply #9 on: May 13, 2015, 04:18:23 AM »
The one thing about posts like these is that they usually get Adam to post something in response, he even pledged 3.33% of his allocation to supporting Bitshares in some way last time...and although he has not followed through in the two months since he did manage to get a bunch of  +5%.
@adam could you please reactivate/republish the 1 bitshares video Brian Page created on the BitShares Youtube account, whoever on your team that removed/deactivated it probably misclicked because there is really no other explanation why it disappeared.

Offline Thom

Re: follow my vote and workers
« Reply #10 on: May 13, 2015, 04:52:13 AM »
Apologies in advance for the whining that takes place in this post, but just had to release some frustration.

Quote
What exactly did he do to get such a huge shit load of BTS as his personal property?

At our peak market cap that much BTS would make him a millionaire, at which point he has no further incentive to do anything for BTS, which might already be the case given how little he posts here.

He was given some portion of the vote dac (30%?) to develop follow my vote.  Then in the merger this became 30M BTS.  I dont believe than any of this BTS has been sold.  (Last time I looked at balances, there is an account with 30M BTS that hasnt ever moved, pretty sure this is the follow my vote BTS.  So at the very least he has not made any fiat $ out of it, as of right now.

As to what he's done.  They made a presentation to lawmakers in california, and a presentation to the pirate party in...was it finland?  They made a nice video of that presentation. 

Aside from those things we havent seen anything.

Bytemaster has said follow my vote is 'critical'. 

I have no idea what we will end up getting out of follow my vote, if anything.  Maybe it will end up being awesome, maybe it will give no value, I have no idea.  There is widespread anger against it due to the 30M bts.  I look at this anger as mostly people looking for someone to blame when their investment went down.

I'm not angry about it, but I don't think it was a wise decision to put so much into FMV. BM's fear that vote would get so big it would take BitShares tech and create a bigger chain that steals the market & dev focus away from BitShares clearly was misplaced. It wasn't the right time for vote nor is vote "critical". I drank the koolaid of the merger but all it got me was a bad taste in my mouth, nothing materialized but the hype. Just how much dev time has been saved (from being split across multiple DACs) and redirected into improving the UX of the client anyway? The merger, FMV, BP "marketing" -- they're all just a series of bad decisions made by BM & team he can place on his startup learning curve and leave off his resume.

As much as I'm all in on the BitShares "Vision / Mission", and given the decisions I've witnessed over the last 8 months, honestly I'm not so sure I'd be willing to risk additional capital investment in this experiment. It's a bit of a moot point since I have no capital to invest. But I do have time, and I'm still willing to invest that, but with more emphasis on my personal ROI than before when I thought the koolaid tasted so good.

The new delegate scheme will eliminate any compensation for the technical skills required to run a delegate node. Apparently that is considered to be a volunteer role (expenses only) tho I'm not sure why. If it's important enough to require being elected into the position why is it not seen as important enough to be a paid position? It needn't be much, but offering nothing? That's just not reasonable. Sure, running a delegate node is far less difficult than software development, but IT skills and the technical knowledge required to do a good job of running a reliable delegate node are not so trivial anyone can do it, especially for current level of (im)maturity of the software and virtually non-existent documentation for it.

I was really hoping to provide some value to the ecosystem running a node for gentso, but It doesn't look like it is worthy of compensation, even a minimal amount, at least to BM & the dev team, based on his preliminary disclosure of the new delegate scheme, nor to the community since no cryptosmith sales have yet occurred to the best of my knowledge.

And now the market has tanked and nobody wants to buy cryptosmith products (nor cryptofresh t-shirts or screensavers, tho they stay voted in and more essential skills like bts_tools and PM exit ramps can't get shareholder support).

I know, I know. Boo hoo. [ /whining ]
« Last Edit: May 13, 2015, 04:54:19 AM by Thom »
Injustice anywhere is a threat to justice everywhere - MLK |  Verbaltech2 Witness Reports: https://bitsharestalk.org/index.php/topic,23902.0.html

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12176
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BTS: xeroc
  • GitHub: xeroc
Re: follow my vote and workers
« Reply #11 on: May 13, 2015, 05:25:29 AM »
I was more disappointed the DNS premine disappeared in the merger.  Nikolai was always the one saying "I'll spend my own salary" on this or that if it doesn't get approved for AGS funding for various things.  So I would have liked to see him keep that budget to fund DNS or anything else, but it's hard to change anything now.
+5%
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline Akado

  • Hero Member
  • *****
  • Posts: 2759
    • View Profile
  • BTS: akado
Re: follow my vote and workers
« Reply #12 on: May 13, 2015, 08:24:34 PM »
I still didn't quite get this thing with Vote. We had the merger, DNS and Vote (supposedly) merged with BTSX and it gave birth to BitShares, but i see Follow My Vote as something independent. What's up with Vote then? From what I got it should be part of BitShares but it isn't. I'm confused and never really got around that

Can someone answer that for me?
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

jakub

  • Guest
Re: follow my vote and workers
« Reply #13 on: May 13, 2015, 08:42:42 PM »
I still didn't quite get this thing with Vote. We had the merger, DNS and Vote (supposedly) merged with BTSX and it gave birth to BitShares, but i see Follow My Vote as something independent. What's up with Vote then? From what I got it should be part of BitShares but it isn't. I'm confused and never really got around that

Can someone answer that for me?

Looks like a perfect question to be posted here:
https://bitsharestalk.org/index.php/topic,16318.0.html

Online Shentist

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1605
    • View Profile
    • metaexchange
  • BTS: shentist
Re: follow my vote and workers
« Reply #14 on: May 13, 2015, 09:24:35 PM »
I still didn't quite get this thing with Vote. We had the merger, DNS and Vote (supposedly) merged with BTSX and it gave birth to BitShares, but i see Follow My Vote as something independent. What's up with Vote then? From what I got it should be part of BitShares but it isn't. I'm confused and never really got around that

Can someone answer that for me?

they will use the BitShares blockchain...but when and if....is not clear
DNS is dead!

 

Google+