Poll

Which statement most accurately describes your current view of Cryptonomex?

I think that Cryptonomexwill help us develop Bitshares with minimal dilution, with no significant downside.
39 (39%)
I think Cryptonomex is a net positive, as all features it develops will be given to Bitshares, but there is a small risk that Cryptonomex equity holders interests will be prioritized over Bitshares holders at some point.
36 (36%)
Neutral / dont know / undecided, or I think benefits and risks are balanced.
8 (8%)
I fear that Cryptonomex will be offered lucrative opportunities in the future, and as a result will abandon Bitshares.
14 (14%)
I think Cryptonomex is a scam intended to steal the value of Bitshares from us.
3 (3%)

Total Members Voted: 96

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: Poll: Community perception of Cryptonomex  (Read 966 times)

Offline Ander

  • Hero Member
  • *****
  • Posts: 3488
    • View Profile
  • BTS: Ander
Poll: Community perception of Cryptonomex
« on: June 24, 2015, 07:04:55 PM »

Ever since the 'big announcements' started, the Bitshares price has been underperforming, and its dragged on long enough at this point that its probably not merely a 'sell the news' event, but might indicate some underlying worry about the direction of Bitshares. 

It is critical to the success of a project such as Bitshares that the community feels like a united community, working together for the benefit of all, and not as disparate groups in competition with each other.  Given that, it seems that it would be a good idea to gauge community views on this issue and try to reach a better consensus.  Perhaps we need more explanation from the dev team about the workings and implications of cryptonomex on Bitshares.  Maybe we need to better educate the community? 

To start, lets figure out where we are right now by answering this poll.  Hopefully this can lead to a good discussion and solutions, and the community can move forward together. 

https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline monsterer

Re: Poll: Community perception of Cryptonomex
« Reply #1 on: June 24, 2015, 07:19:34 PM »
Markets hate uncertainty?
My opinions do not represent those of metaexchange unless explicitly stated.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline onceuponatime

Re: Poll: Community perception of Cryptonomex
« Reply #2 on: June 24, 2015, 07:36:01 PM »
I have confidence in the integrity of Cryptonomex and have been buying BTS.

Offline Ander

  • Hero Member
  • *****
  • Posts: 3488
    • View Profile
  • BTS: Ander
Re: Poll: Community perception of Cryptonomex
« Reply #3 on: June 24, 2015, 08:03:52 PM »
Markets hate uncertainty?
Very much!

So far the results of this poll are a lot more positive and less uncertain than I expected.  But of course it doesnt represent people who don't visit the forum.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

clout

  • Guest
Re: Poll: Community perception of Cryptonomex
« Reply #4 on: June 24, 2015, 08:20:18 PM »
These aren't efficient markets. Don't expect the price to be reflective of the progress that bitshares has made.

Offline Shentist

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1605
    • View Profile
    • metaexchange
  • BTS: shentist
Re: Poll: Community perception of Cryptonomex
« Reply #5 on: June 24, 2015, 08:31:00 PM »
no product out!

why should anyone buy right now?

nothing changed, because nothing is available. So after 2.0 will be available this could be changing or a couple of days/weeks before.

Offline Empirical1.2

  • Hero Member
  • *****
  • Posts: 1366
    • View Profile
Re: Poll: Community perception of Cryptonomex
« Reply #6 on: June 24, 2015, 09:29:03 PM »
no product out!

why should anyone buy right now?

nothing changed, because nothing is available. So after 2.0 will be available this could be changing or a couple of days/weeks before.

Yeah this. The price also struggled till BitAssets 1.0 were actually released.

Apparently according to the roadmap we're looking at early September which most shareholders will interpret as October or later. So still a while to wait.

Also CCEDK has very little volume/customers so although the announcements there were great, it's unlikely to drive a lot of business to BTS in the interim.
If you want to take the island burn the boats

Offline Ander

  • Hero Member
  • *****
  • Posts: 3488
    • View Profile
  • BTS: Ander
Re: Poll: Community perception of Cryptonomex
« Reply #7 on: June 24, 2015, 09:45:27 PM »
no product out!

why should anyone buy right now?

nothing changed, because nothing is available. So after 2.0 will be available this could be changing or a couple of days/weeks before.

Yeah this. The price also struggled till BitAssets 1.0 were actually released.

Apparently according to the roadmap we're looking at early September which most shareholders will interpret as October or later. So still a while to wait.

Also CCEDK has very little volume/customers so although the announcements there were great, it's unlikely to drive a lot of business to BTS in the interim.

So you think rather than people being afraid, they are simply underwhelmed or see the coming events as too far in the future?
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline Empirical1.2

  • Hero Member
  • *****
  • Posts: 1366
    • View Profile
Re: Poll: Community perception of Cryptonomex
« Reply #8 on: June 24, 2015, 09:57:07 PM »
no product out!

why should anyone buy right now?

nothing changed, because nothing is available. So after 2.0 will be available this could be changing or a couple of days/weeks before.

Yeah this. The price also struggled till BitAssets 1.0 were actually released.

Apparently according to the roadmap we're looking at early September which most shareholders will interpret as October or later. So still a while to wait.

Also CCEDK has very little volume/customers so although the announcements there were great, it's unlikely to drive a lot of business to BTS in the interim.

So you think rather than people being afraid, they are simply underwhelmed or see the coming events as too far in the future?

I personally decreased my position by circa a third when I realised BTS 2.0 would still be a while, thinking that I'll be able to buy back in closer to the date at a similar price without the interim risk and from Shentist's comment it looks like other people might have similar views. Also as I said with BTSX we also saw the price stay low until we were a lot closer to the BitAssets 1.0 release.

(CNX is a medium term concern too and negatively effects BTS value in some ways, however without CNX, the current BTS construct would have been worse off as it can't afford to pay for much development on it's own.) 



« Last Edit: June 24, 2015, 10:02:25 PM by Empirical1.2 »
If you want to take the island burn the boats

Offline emailtooaj

Re: Poll: Community perception of Cryptonomex
« Reply #9 on: June 24, 2015, 10:01:58 PM »
This is great poll to start up and get some community feedback. But IMO #2 and #4 are one in the same, both questions boil down to Cryptonomex abandoning BTS and leaving it's holders out to dry.
With that in perspective, totaling both #2 & #4 is out numbering poll option #1 "the positive sentiment" of Crytonomex.

IMO it's seems more than half (at this point in time) of the community is afraid of the unknowns Re: Cyptonomex true intentions.

my two BTS  :-\

 
Sound Editor of Beyondbitcoin Hangouts. Listen to latest here - https://beyondbitcoin.org support the Hangouts! BTS Tri-Fold Brochure https://bitsharestalk.org/index.php/topic,15169.0.html
Tip BROWNIE.PTS to EMAILTOOAJ

Offline Ander

  • Hero Member
  • *****
  • Posts: 3488
    • View Profile
  • BTS: Ander
Re: Poll: Community perception of Cryptonomex
« Reply #10 on: June 24, 2015, 10:09:02 PM »
This is great poll to start up and get some community feedback. But IMO #2 and #4 are one in the same, both questions boil down to Cryptonomex abandoning BTS and leaving it's holders out to dry.
With that in perspective, totaling both #2 & #4 is out numbering poll option #1 "the positive sentiment" of Crytonomex.

IMO it's seems more than half (at this point in time) of the community is afraid of the unknowns Re: Cyptonomex true intentions.

my two BTS  :-\

True, #2 and 4 have fear, but differ in the degree of fear, or whether one thinks the upside outweighs the possible downside.

While most of us think this is a net positive, it does seem that at least half worry that at some point, our interests wont all be aligned.

Some more clarity on this would probably be helpful.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline starspirit

  • Hero Member
  • *****
  • Posts: 948
  • Financial markets pro over 20 years
    • View Profile
  • BTS: starspirit
Re: Poll: Community perception of Cryptonomex
« Reply #11 on: June 24, 2015, 10:30:37 PM »
I think the question might be reframed as follows:

Given that we are unwilling (or perhaps don't know how) to fully fund the development ourselves, is what are the relative pros and cons of CNX as a solution?

My conditional view of this is that CNX is a short/medium term solution with benefits and risks, because either of the following two scenarios are likely to unfold:

i) bitShares price takes off, and the amount of funding available from dilution then becomes more than adequate to self-fund CNX to prioritise bitshares above all else, or

ii) bitShares price continues to languish for a meaningful period - either we become a less significant revenue stream for CNX compared to other growth areas of their business, or the developers walk away to other interests.

That's why I'd prefer for bitShares to have self-funding options, assuming that can be made possible. I'm open to other views though - they're just my concerns as they stand right now.

Offline Stan

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 2701
  • You need to think BIGGER, Pinky...
    • View Profile
    • Cryptonomex
  • BTS: Stan
Re: Poll: Community perception of Cryptonomex
« Reply #12 on: June 24, 2015, 11:02:00 PM »
Cryptonomex was created to be the gravitational force that keeps the development team together.

Try turning that gravitational force off for a few months.

No, don't.  :)
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 Ben Mason

  • Hero Member
  • *****
  • Posts: 1061
  • Integrity & Innovation, powered by Bitshares
    • View Profile
  • BTS: benjojo
Re: Poll: Community perception of Cryptonomex
« Reply #13 on: June 24, 2015, 11:16:23 PM »
I think starspirit nails it.

In addition, all I have seen is dan and Stan (and by extension the other core devs) do everything they can to make Bitshares a success. I suspect they have used considerable amounts of their own capital to get the project this far.

Furthermore, CNX is leading the way towards what was always the end objective for further development of the network. This was a necessary step.

As long as development continues and genuine partnerships continue to be built, price in the short term is less important.  I don't know how anyone can be underwhelmed by the incredibly positive news from ccedk and banx.

Offline rgcrypto

  • Hero Member
  • *****
  • Posts: 544
    • View Profile
Re: Poll: Community perception of Cryptonomex
« Reply #14 on: June 25, 2015, 02:34:36 AM »
I am buying ever more since the announcement and will continue to do so every paycheck until launch. Gotta buy'em while they are cheap. I dont believe announcements have anything to do with the price. Only whales dumping and buying low.

 

Google+