skyscraperfarms, your new alternative marketing delegate!

[Ggozzo]

Update:

OVER 10,000 blocks produced!

Overall gross BTS earnings are ~27,000BTS.

27,000*$.017(current dollar value)= $459.00

~$42.00/mo for the VPS =~$160

4 months and not much to show as any banked value for meaningful marketing. I would love to be a 100% delegate but 60,000 BTS to register seems like an awful lot. That is approximately $1000 worth shares on hopes I get voted in for at least a short period of time to recoup.

Reliability hasn't been the highest which I attribute to my lack of skilz in the technical department(upgrades, crashes, etc.). Reliability is at 95% and I would totally understand if I get voted out because of it.

With all that said I will continue to run my delegates but I have no intention of doing any marketing as a 3% delegate. So if you voted for me based on the assumption I will provide marketing, I ask you to realign your vote. I do appreciate the support if you choose to continue to vote me as a normal block producing delegate.

[Ggozzo]

Attempting to gather interest for a Northern California "meet-up". See here: https://bitsharestalk.org/index.php?topic=8383.0

[Ggozzo]

I was voted out 2 days ago. Closing the VPS down. Thanks to all who voted!

I'll vote you back in on Monday if you are upgraded.

Thanks, I'd like that. I open up a new VPS on Monday then!

Got the VPS up and running. Will post feeds for the markets as soon as I get back "in".

[Ggozzo]

I was voted out 2 days ago. Closing the VPS down. Thanks to all who voted!

I'll vote you back in on Monday if you are upgraded.

Thanks, I'd like that. I open up a new VPS on Monday then!

[bytemaster]

I was voted out 2 days ago. Closing the VPS down. Thanks to all who voted!

I'll vote you back in on Monday if you are upgraded. 

[liondani]

I was voted out 2 days ago. Closing the VPS down. Thanks to all who voted!

 

[Ggozzo]

I was voted out 2 days ago. Closing the VPS down. Thanks to all who voted!

[donkeypong]

Once assets are launched, there will be more fees for the pot. You could reassess again then.

[Ggozzo]

I have begun to put 100% of net profit into a separate marketing account. With the recent rise in price and the increase in transactions with the market release, profits are being realized! What is banked is everything after VPS expenses. Not much, but it is growing!

[Ggozzo]

I think you have good vision and that is important.
You have my vote. If I run as a delegate I hope I can seek your vote when that time comes.

Thank you. Run and I'll vote. They/we need more individual delegates.

I agree on this 100%

Just to comment on a few other things you have said.....
Many people will run (including myself) their delegate server at a loss right now because frankly its needed. The platform is young and assets are just barely and I mean barely are starting to be traded. I think it is a little unrealistic to expect to be turning a profit or break even as a delegate for at least the next few months until the ecosystem is more developed and people start using it more.

I also agree with your marketing strategy. I am currently trying to push of run a tee shirts. Not as lofty as your goals but with a smaller price tag. The shirt's can be used for giveaways and to get crypto celebs to wear (added cost to pay them of course ) but these are fairly low cost ideas. As the platform develops I would love to have delegates that have pledged part of their fees towards marketing to then pool some general funds to get ideas like your off the ground.

You have my vote and feel free to shoot me a pm if you wanted to try to coordinate a joint or multi-delegate marketing fund. It would be a way to promote yourself and a way for a group of us trying to get into that 101 to set our self apart from others.   

Thank you Gentso1.

I would be interested in a joint marketing fund. Although I think it is too early to do anything with it. Currently my delegate is earning ~$25 per month, I think. (Need to do the math). If Stan's weird marketing scheme does raise the market cap 10x, it will be viable to start marketing. 

I think I read somewhere they were going to alter delegate pay to equal their approval rating. So right now I have 9.6% approval which would entitle me to only 9.6% of the fees instead of 100% of the pay. If this was implemented right now I would be making $2.50 a month and if transaction rate stayed the same and market cap went up 10x I would be making $~$25 a month. I really hope they don't do that. Unless they think transactions with fees are going to skyrocket in numbers upward of 50x the current network rates.

Let's keep in contact as the prices rise.

[Gentso1]

I think you have good vision and that is important.
You have my vote. If I run as a delegate I hope I can seek your vote when that time comes.

Thank you. Run and I'll vote. They/we need more individual delegates.

I agree on this 100%

Just to comment on a few other things you have said.....
Many people will run (including myself) their delegate server at a loss right now because frankly its needed. The platform is young and assets are just barely and I mean barely are starting to be traded. I think it is a little unrealistic to expect to be turning a profit or break even as a delegate for at least the next few months until the ecosystem is more developed and people start using it more.

I also agree with your marketing strategy. I am currently trying to push of run a tee shirts. Not as lofty as your goals but with a smaller price tag. The shirt's can be used for giveaways and to get crypto celebs to wear (added cost to pay them of course ) but these are fairly low cost ideas. As the platform develops I would love to have delegates that have pledged part of their fees towards marketing to then pool some general funds to get ideas like your off the ground.

You have my vote and feel free to shoot me a pm if you wanted to try to coordinate a joint or multi-delegate marketing fund. It would be a way to promote yourself and a way for a group of us trying to get into that 101 to set our self apart from others.   

[Ggozzo]

I think you have good vision and that is important.
You have my vote. If I run as a delegate I hope I can seek your vote when that time comes.

Thank you. Run and I'll vote. They/we need more individual delegates.

[luckybit]

These marketing campaigns are exactly what is needed. You could have a global marketing structure tapping into so many different markets all using a plethora of marketing techniques. It would be more efficient than a centralized corporate structure because each delegate wouldn't be pigeon holed to one or two forms of advertising mandated by the corporate structure.

This is very interesting. So in reality the role of the delegates are to be a lot of different things. Sort of like general purpose contractors of the Bitshares community who will serve the interest of the Bitshares community while also signing blocks in support of the company? I guess the whole electioneering process is what has me confused but it does make sense because how else would we determine who gets hired?

I like what it could lead into and it makes a lot of sense.

I think the expectations should and will be ever changing. Right now, because the "value" of the fees barely equal what it costs to run a dedicated low end server, the expectation should be no more than running the a secure VPS.

It's hard to know if you can be good at something if you don't know what the role requires. Most jobs at least have a list of expectations but this is very different. We will have to do away with all the notions we used to have about what a job is and think of this as a sort of duty to the network.

There probably needs to be a sort of cohesive philosophy around it but I'm thinking a delegate has a duty to promote Bitshares (bring it toward mainstream adoption), sign blocks so the transactions work, and if any other necessary duties have to be taken for the benefit of the Bitshares network then the delegates would volunteer to take them on just as long as it's something reasonable.

Votes for delegates should be based on that minimal expectation as of now. Delegates who are promising "big" things that command not only revenue but a profit on top are just being unrealistic and pandering to the high hopes that everyone has for the project. I was one of those who promised more than what could be produced. Sure, a delegate could run in the "red" and use his/her own money to do the things they promised until they are in the "black". How long would you expect them to do that?

Exactly my point. At this point we can't even be sure that BitUSD will peg to the dollar. Once we know that market assets work then we'll be able to make promises. It's all testing and experimenting right now to me though and I don't want to pay $10 a month to test out being a delegate.

At this early stage marketing needs to be centralized by I3 or whatever the entity that controls the Angel fund. Once profits can be made at a 1000 times what they are now, the marketing delegates should have the bank roll to carry the marketing torch across the globe.

Thanks for the feedback and support!

I think you have good vision and that is important.
You have my vote. If I run as a delegate I hope I can seek your vote when that time comes.

[luckybit]

We plan to up the min fee to 1 btsx but what you want to do requires dilution.  BTSY will have to try that out.   


Sent from my iPhone using Tapatalk

Not sure what you mean about dilution? I was just saying price is so low that the fees don't really, or can't pay for anything beyond running a server at this point in time. So, I am not sure where dilution came from.

BTSY? What is that?

Your marketing tactic had such a pricetag that it would require dilution of shares to cover...  or fees would have to be increased a great deal.

I still don't know where you are getting dilution from. How would you dilute the system that already has a fixed and decreasing number of share? If dilution was implied, that was not my intention, but I would like someone to point out in my post where I alluded to it.

As for fees, I never said they need to be raised, I am merely pointing out the fact that the fees are "low" as in worth pennies at this point and no profit can be made. If BTSX was trading at $10 per or .12BTC per, the fee structure would be sufficient to cover a marketing campaign for a single delegate. That does not require the amount fees to be raised at all.

$10 per BTSX would require around a 10 billion dollar market cap which about where Bitcoin is right now. It's actually quite possible we could see that in a few years. But what are we going to do until then for marketing because in order to see a 10 billion dollar market cap we will have to be as successful as Bitcoin is now with maybe a million users, many of which have high net worth.

The main enemy of BTSX is going to be elements in the SEC who lack the foresight to understand the potential of this innovative technology. BTSX could help make the job of the SEC a lot easier, but with all their obtuse esoteric rules we are going to be delayed from a 10 billion dollar market cap for as long as it takes for the SEC to evolve past it's mindset.

The potential market cap for Bitshares is probably in the trillions if there weren't regulators in the way of innovation. It's going to take some time but hopefully the regulators and more specifically members of congress will invite Dan Larimer or a promoted spokesperson from the community to speak on behalf of the technology and explain how it can solve all the same problems the legacy institutions claim to be set up to solve.

[Ggozzo]

Hello all!

I have seen the need for advertising the brand and I know you have too.  The "grass roots", "word of  mouth" efforts have proven to be lacking in effect. Even though for the past year a usable sellable product was missing, the interest in Bitshares pales in comparison with the likes of other projects which will remain nameless.

With that said, I have decided I will put the delegate shares to work on helping bring more people to BitsharesX. 

I don't plan on web advertising or attempting some impact through somekind of social media. I believe there are already people in charge of that.

My first target area is Silicon Valley and the surrounding Bay Area.

I have contacted Titan 360 in regards to pricing poster advertisements on B.A.R.T (Bay Area Rapid Transit).

I have contacted Lamar Advertising, BlueLine Media and CBSOutdoor about pricing billboards in the South Bay Area.

I have also reached out to RTUI for receipt advertising in the Bay Area. (Not sure if this would be a go. Haven't heard back on price and isn't the most effective way to advertise, but I'm looking for these type of alternatives).

All that said, these things cost money and the delegate role isn't even paying for the server I am currently running in order to be up 100% of the time. Also, my main advertising point would have to be the exchange and bitUSD. Both not operating on a GUI friendly level as of yet.

So at the current rate it may be a month or two before I bank enough shares and price increases to begin operating. Could be longer. I will be completely honest in that I do not want to put my own capital into this as I have already invested in the system through buying shares. If I sell my shares, I reap no reward for my efforts because my delegate pay will be going to ad costs.  My effort and time will be my personal contribution to such project. 

In the meantime VOTE/APPROVE skyscraperfarms.

I am a quite reliable delegate. I have a 98%+ reliability with near 400 blocks produced!

Thanks! Feedback allowed. Like it or hate, let me know.

This is the first post that has inspired me to want to become a delegate. I think I could do a lot for marketing if the money were available and I also think it's these sorts guerilla marketing campaigns which are better off decentralized.

These marketing campaigns are exactly what is needed. You could have a global marketing structure tapping into so many different markets all using a plethora of marketing techniques. It would be more efficient than a centralized corporate structure because each delegate wouldn't be pigeon holed to one or two forms of advertising mandated by the corporate structure.

What are the expectations of a delegate then? I mean that is the problem. It's not exactly clear what makes a great delegate. A good delegate is of course a delegate meets all the technical and uptime requirements, is trusted by the community.

I think the expectations should and will be ever changing. Right now, because the "value" of the fees barely equal what it costs to run a dedicated low end server, the expectation should be no more than running the a secure VPS.

Votes for delegates should be based on that minimal expectation as of now. Delegates who are promising "big" things that command not only revenue but a profit on top are just being unrealistic and pandering to the high hopes that everyone has for the project. I was one of those who promised more than what could be produced. Sure, a delegate could run in the "red" and use his/her own money to do the things they promised until they are in the "black". How long would you expect them to do that?

At this early stage marketing needs to be centralized by I3 or whatever the entity that controls the Angel fund. Once profits can be made at a 1000 times what they are now, the marketing delegates should have the bank roll to carry the marketing torch across the globe.

Thanks for the feedback and support!