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Offline MktDirector

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100 PTS - Create 'What are BitShares?' Infographic [CLOSED]
« on: January 06, 2014, 08:49:32 PM »

This bounty is for creating an infographic that visually explains  'What are Bitshares?'  It will show how BitShares functions on a basic level and how it is the first of many future DACs. You can reference Dan's 'What Are Bitshares' video on youtube as well as his articles on the invictus website for content.

What we're looking for is an infographic with a simple and elegant design, one page only, which can be printed on standard 8.5X11 paper, and tailored for the non-technical person.  We will then distribute it as a handout at the next event. Because the event is the end of this month, this bounty will have a deadline of Jan 17 at which time the winner will be chosen. 

Feel free to add comments or suggestions between now and Jan 7, at which time this bounty will become [ACTIVE].
« Last Edit: January 20, 2014, 05:50:29 PM by MktDirector »

Offline MktDirector

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Re: 100 PTS - 'What are BitShares?' Infographic Bounty [PENDING]
« Reply #1 on: January 07, 2014, 02:10:43 AM »
Hey Forum, I NEED YOUR OPINION:  Would it be advantageous to compare/contrast BitShares and Bitcoin in this infographic? The first place we'll distribute this will be at the North American Bitcoin Conference in Miami at the end of the month.

Since most everyone attending will be familiar with Bitcoin but not necessarily with BitShares, would it be useful to explain how the two are different and how how BitShares takes the powerful ideas of Bitcoin into new territory?  In other words, show how Bitcoin is the SMALLER idea, since it would qualify as just a single DAC in the soon to be huge DAC universe of decentralized businesses.  Please share your opinions, I'd like to know what you think. b

Offline toast

Re: 100 PTS - 'What are BitShares?' Infographic Bounty [PENDING]
« Reply #2 on: January 07, 2014, 02:15:48 AM »
Hey Forum, I NEED YOUR OPINION:  Would it be advantageous to compare/contrast BitShares and Bitcoin in this infographic? The first place we'll distribute this will be at the North American Bitcoin Conference in Miami at the end of the month.

Since most everyone attending will be familiar with Bitcoin but not necessarily with BitShares, would it be useful to explain how the two are different and how how BitShares takes the powerful ideas of Bitcoin into new territory?  In other words, show how Bitcoin is the SMALLER idea, since it would qualify as just a single DAC in the soon to be huge DAC universe of decentralized businesses.  Please share your opinions, I'd like to know what you think. b

Less comparing, more contrasting. The only connection this has to bitcoin is that they both use the blockchain distributed consensus innovation, and that bitcoin is an asset tracked by bitshares. The similarity in name makes it particularly important to emphasize that bitshares do not behave like a currency or value store like gold (like bitcoin), but rather it is *equity in a DAC which performs certain market services*.

Compare/contrast might only be useful if you incorporate bytemaster's explanation of what bitcoin is when you interpret it as a DAC ("a bank that has a 12% wealth tax and ..." or something)
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Offline rysgc

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Re: 100 PTS - 'What are BitShares?' Infographic Bounty [PENDING]
« Reply #3 on: January 07, 2014, 02:19:33 AM »
I think the word definitely has to go out in as much ways as possible as it might turn more heads towards this direction. Although explaining bitshares in a very simplistic form is already quite a challenge I do think there needs to be a comparison chart within it especially on a bitcoin specific conference.
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Offline Amazon

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Re: 100 PTS - 'What are BitShares?' Infographic Bounty [PENDING]
« Reply #4 on: January 07, 2014, 02:29:28 AM »
Hey Forum, I NEED YOUR OPINION:  Would it be advantageous to compare/contrast BitShares and Bitcoin in this infographic? The first place we'll distribute this will be at the North American Bitcoin Conference in Miami at the end of the month.

Since most everyone attending will be familiar with Bitcoin but not necessarily with BitShares, would it be useful to explain how the two are different and how how BitShares takes the powerful ideas of Bitcoin into new territory?  In other words, show how Bitcoin is the SMALLER idea, since it would qualify as just a single DAC in the soon to be huge DAC universe of decentralized businesses.  Please share your opinions, I'd like to know what you think. b

I think there is no need to compare or contrast BitShares with Bitcoin. Since everyone is familiar with bitcoin, giving some blockchain design detail is enough for people to understand this is from bitcoin idea. Bitcoin is a social test, we are making a real Eco-system based on the idea, surely BitBTC is supported in BitShares.

Just my 2 cents.
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Offline bytemaster

Re: 100 PTS - 'What are BitShares?' Infographic Bounty [PENDING]
« Reply #5 on: January 07, 2014, 07:37:05 AM »
Hey Forum, I NEED YOUR OPINION:  Would it be advantageous to compare/contrast BitShares and Bitcoin in this infographic? The first place we'll distribute this will be at the North American Bitcoin Conference in Miami at the end of the month.

Since most everyone attending will be familiar with Bitcoin but not necessarily with BitShares, would it be useful to explain how the two are different and how how BitShares takes the powerful ideas of Bitcoin into new territory?  In other words, show how Bitcoin is the SMALLER idea, since it would qualify as just a single DAC in the soon to be huge DAC universe of decentralized businesses.  Please share your opinions, I'd like to know what you think. b

I think there is no need to compare or contrast BitShares with Bitcoin. Since everyone is familiar with bitcoin, giving some blockchain design detail is enough for people to understand this is from bitcoin idea. Bitcoin is a social test, we are making a real Eco-system based on the idea, surely BitBTC is supported in BitShares.

Just my 2 cents.

I think Bitcoin can be viewed as a DAC that pays 100% of revenues to employees while also diluting the company stock by 12% per year to make up for the fact that employees are more expensive than the value they are producing for the shareholders.   In other words, as a DAC bitcoin is bleeding red and will not even break even on day to day operations for 100 years. 

Compare this to an BitShares DAC that pays 100% of revenues as profits to shareholders and has no employee expenses.  Even with no other features than allowing share transfers BitShares will become the most profitable DAC of all the current crypto-currencies on the market including those that are normally considered our competitors such as Mastercoin.   

This simple compare and contrast demonstrates the value of our design even without understanding any other details about how BitShares works. 
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline Stan

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Re: 100 PTS - 'What are BitShares?' Infographic Bounty [PENDING]
« Reply #6 on: January 07, 2014, 02:12:24 PM »
Hey Forum, I NEED YOUR OPINION:  Would it be advantageous to compare/contrast BitShares and Bitcoin in this infographic? The first place we'll distribute this will be at the North American Bitcoin Conference in Miami at the end of the month.

Since most everyone attending will be familiar with Bitcoin but not necessarily with BitShares, would it be useful to explain how the two are different and how how BitShares takes the powerful ideas of Bitcoin into new territory?  In other words, show how Bitcoin is the SMALLER idea, since it would qualify as just a single DAC in the soon to be huge DAC universe of decentralized businesses.  Please share your opinions, I'd like to know what you think. b

I think there is no need to compare or contrast BitShares with Bitcoin. Since everyone is familiar with bitcoin, giving some blockchain design detail is enough for people to understand this is from bitcoin idea. Bitcoin is a social test, we are making a real Eco-system based on the idea, surely BitBTC is supported in BitShares.

Just my 2 cents.

I think Bitcoin can be viewed as a DAC that pays 100% of revenues to employees while also diluting the company stock by 12% per year to make up for the fact that employees are more expensive than the value they are producing for the shareholders.   In other words, as a DAC bitcoin is bleeding red and will not even break even on day to day operations for 100 years. 

Compare this to an BitShares DAC that pays 100% of revenues as profits to shareholders and has no employee expenses.  Even with no other features than allowing share transfers BitShares will become the most profitable DAC of all the current crypto-currencies on the market including those that are normally considered our competitors such as Mastercoin.   

This simple compare and contrast demonstrates the value of our design even without understanding any other details about how BitShares works.

This little "elevator speech" seems to make the light come on for a lot of people.  Now how do you say it with pictures?
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 Amazon

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Re: 100 PTS - 'What are BitShares?' Infographic Bounty [PENDING]
« Reply #7 on: January 07, 2014, 02:14:59 PM »
I think Bitcoin can be viewed as a DAC that pays 100% of revenues to employees while also diluting the company stock by 12% per year to make up for the fact that employees are more expensive than the value they are producing for the shareholders.   In other words, as a DAC bitcoin is bleeding red and will not even break even on day to day operations for 100 years. 

Compare this to an BitShares DAC that pays 100% of revenues as profits to shareholders and has no employee expenses.  Even with no other features than allowing share transfers BitShares will become the most profitable DAC of all the current crypto-currencies on the market including those that are normally considered our competitors such as Mastercoin.   

This simple compare and contrast demonstrates the value of our design even without understanding any other details about how BitShares works.

It is good to introduce BitShares in DAC standpoint, that is what we are doing here, BUT,

It is not a good idea to introduce two big concept (BitShares and DAC)in one infographic to a normal bitcoiner. Example of myself, I was attracted to the project by BitShares, because I want a decentralized bank, I love the algorithm how bitassets are created and how BitUSD is valued, then I read more about DAC, it is like eye-opening. I realized that I am in a new world.

Yes, more widely accepted DACs will lead 3I to success, but the flag product BitShares is the key to let people know us, and good way to get DAC-thinking adopted. BitShares is a decentralized exchange, then a DAC. So I suggest just focus on BitShares itself, mention little about DAC and Bitcoin.

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Offline MktDirector

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Re: 100 PTS - 'What are BitShares?' Infographic Bounty [PENDING]
« Reply #8 on: January 07, 2014, 02:57:00 PM »
This is good. I had a feeling the opinions would be divided and varied.  Now how bout that infographic? Anyone out there working on it? This bounty is now [ACTIVE].  Good luck!  B

Offline MktDirector

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Re: 100 PTS - 'What are BitShares?' Infographic Bounty [ACTIVE]
« Reply #9 on: January 07, 2014, 02:57:39 PM »
this bounty is now [ACTIVE].  B

Offline rysgc

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Re: 100 PTS - Create 'What are BitShares?' Infographic [ACTIVE]
« Reply #10 on: January 07, 2014, 08:56:51 PM »
I will give it a shot ! [edit]Try to have something by tonight, have to do some programming for KIDARC during the day[/edit]
« Last Edit: January 08, 2014, 12:24:12 PM by GodsCreation »
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Offline rysgc

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Re: 100 PTS - Create 'What are BitShares?' Infographic [ACTIVE]
« Reply #11 on: January 09, 2014, 02:26:45 AM »
Kinda stuck on this one, there's so much to tell about Bitshares . I wanted to do it like this: Left column an explanation about Bitshares + bullet points with key specifications, and on the right side an informal case accompanied with some images to make people grasp the concept more quickly. I could really use some guidance on which subjects you want to have covered exactly and in what detail. Thankss
« Last Edit: January 09, 2014, 02:30:47 AM by GodsCreation »
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Offline bytemaster

Re: 100 PTS - Create 'What are BitShares?' Infographic [ACTIVE]
« Reply #12 on: January 09, 2014, 03:54:05 AM »
I really think that a compare / contrast with Bank of America would help.

Bank of America -> earns revenue from transaction fees, atm fees, etc
Bank of America lends USD into existence using your house as collateral.  In the process you and the bank swap IOUs..  (Bank Deposits are IOUs)
BoA destroys USD when loan is repaid.
BoA pays interest on deposits and charges interest on loans
BoA pays dividends to shareholders
BoA can call your loan if your house falls in value.

Everything is the same with BitShares *except* that the collateral is stock in BitShares BEX
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline MktDirector

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Re: 100 PTS - Create 'What are BitShares?' Infographic [ACTIVE]
« Reply #13 on: January 09, 2014, 04:12:11 PM »
I agree.  Let's start with the customer experience.  What does BitShares do for the average joe vs what does a traditional bank do. Maybe a visual where all those fees, interest, dividends, etc are shown funneling to BoA, then another for Bitshares showing all those things flowing into Joe's pocket instead.  This one is a big one to get down to just a page, but I believe it can be done.  Anyone else want to collaborate or submit an idea? B

Offline rysgc

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Re: 100 PTS - Create 'What are BitShares?' Infographic [ACTIVE]
« Reply #14 on: January 09, 2014, 05:41:42 PM »
Thanks for your input both, I made some adjustments accordingly. Guess it's still missing some elements and could be made a bit more neat but you'll get the idea.

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