I think any company that gives back to the community by burning fees or paying stakeholders dividends is something most people would support. Due to the anonymity features of BTS it may be best to burn the fees as far as making the process transparent.

That is normal practice in the crypto world. Before any major release or upgrade value usually spikes, then a large sell of ensues after the release.  I wouldn't let the market be the judge of the new release as this is very common.

There are plenty of positives from bitshares 1.x to bitshares 2.0, specifically in the back end. More privacy, more efficiency, referral system to grow via magnified network effects, and a better multi signature implementation than any other coin.

I think the GUI is the main thing that is making this 2.0 release somewhat lackluster, which is unfortunate given all of the improvements under the hood. I think spending a few more months in beta could of gone a long way towards making this release a home run as far as the GUI is concerned. I also think Bitshares 2.0 is more confusing than Bitshares 1.x so it will take the public a while to come up to speed as to the magnitude of the technological developments.

I'm unable to offer the technical perspective you ask for but maybe this will be a bit helpful if you are familiar with the smart contract concept: SmartCoin is a kind of smart contract hard-coded into the blockchain (hard-coded by the devs as opposed to Ethereum's approach where smart contracts are created on the fly by the users).

So SmartCoin manifests itself as a separate currency in the BitShares user interface but underneath there is only one currency (i.e. BTS) and hard-coded smart contracts gluing it all together.

Thank you, that does help. So there is no side chain or anything, just smart contracts and BTSX. I am assuming SmartCoins work similar to colored coins then.

No one knows or has a link? 

Please move to the questions subforum, I posted this in the wrong place I guess. I didn't notice that subforum before posting this.

Thanks

This is how I personally see it... Bitshares is being hypocritical when it now switches from a deflationary cryptocurrency to an inflationary one. Sure, the inflation has been implemented for the "greater good", but it is hard to justify that for me. For months (almost a year) Bitshares has been marketing itself on the point that Bitcoin is diluting its shareholders, and that Bitshares looks at cryptocurrency differently in that it makes a profit for its shareholders by burning fees & being deflationary. I personally was sold on that point and it makes a lot of sense to me. Now, even though the dilution is more controlled (you can only dilute for developers, marketers, etc), it is still dilution and something I.. as a very small shareholder..  have no control over.

You can say the inflation will help with development, advertising, etcera, and for the record I do not think that is incorrect. The problem is Bitshares is trying to live hypocritically when it comes to its stance on dilution. It can be easily argued (just as easily as some have ITT) that Bitcoin dilution compared to its volume has little to no effect on its price in terms of selling all dilution on the market. If Bitshares were valued similarly.. it would be no different in reality.. it too would need hundreds of millions of dollars pouring in yearly to sustain its price.

This is part of the reason I dropped the idea of being a delegate. I feel like there's far too much group think that goes on in this community, and I gave up on pleasing the community to sideline my opinions. Instead of echoing each others ideas we should be preaching our own. Don't get me wrong, Bytemaster is a smart guy.. one of the smartest in crypto... but there is a reason corporations and governments have checks and balances. Also there is a reason why any decentralized crypto worth its weight should too. He has come up with many great ideas, and this very well could be another one of them, but I would just like everyone to think and come to that conclusion for themselves.

A couple controversial things have happened in recent history that I personally (I know I'm not alone) and others do not agree with. Those things have to do with dilution and altering the social contract. If Bitshares changes its philosophy on these biiiiig issues, then what else will it change its mind on? This is certainly part of the reason for the price swing downwards. It is not the downward pressure from people actually selling dilution awarded shares, but the negative connotation involved with the two major negative-speculative changes to Bitshares.

Whether you agree with this or not.. I do not care.. but it has had some affect on the price and public perception. Whereas I was 100% behind Bitshares before the changes, I am now personally more of a casual observer at this point. Then again.. I don't own very much Bitshares to begin with so whatever you guys decide is up to you. I agree the crypto market in a whole has been a bear market lately, but you can't discount recent events that could have contributed as well. There are several cryptocurrencies that have grown in value since then, and we as a community can only look at ourselves as to the success of the value of the Bitshares token. We are a product of our own success or failure... short of a total Bitcoin collapse... cryptocurrencies are not going anywhere anytime soon.

Trust me, I want good things for Bitshares shareholders.. I just cannot continue to sit back and bite my tongue on some issues. Think for yourselves people, as the saying goes.. more heads are better than one... echoing thoughts and opinions doesn't help anyone... specifically getting Bitshares to where it needs to be. An echo chamber is not what makes successful communities, companies, or currencies. Yes, I have been incredibly hard on Bitshares lately, but that is because I feel like hardly anyone else in this community is, and that is what is required to be successful.

wow but 1.7 billion click in 2 days.... thats bam ..

Yes, that is impressive.

Maybe I have bad tastes, but I really liked the ad. It is corny as hell, but catchy jingles and funny videos have a good chance of going "viral". They obviously spent a lot of money on this video, but we could probably do something similar on a smaller budget. I think the "what is Bitcoin"-type of videos are kind of played out in the crypto world in my opinion, not to mention boring. (for reference: http://youtu.be/Um63OQz3bjo). Not necessarily a musical type thing, but a funny video with a catchy song would be cool.

Rofl @ the part.. swipe three fingers to make it rain

Quote from: CoinHoarder on November 15, 2014, 01:25:00 am

Quote from: julian1 on November 15, 2014, 01:18:03 am

As best I can tell, the entire company / DAC metaphor has been abandoned to avoid provoking securities' regulators.

The 'Bitshares' brand/name is the last legacy of that.

We used to try and claim any and all metaphors that could be made to fit in order to communicate the nature of BTS/X.

Now, we go out of our way to disown them.

The SEC doesn't care what you call it... Securities... Companies... Corporations.. IPOs.. ICOs... Donations...

A spade is a spade in their eyes, and if their criteria for identifying a security was triggered then it doesn't matter what you call it.

Not true.  In fact what you call it is part (but not all) of their criteria.

What I meant was what's done is done. If it is ruled as a security offering subject to registration with the SEC, nothing that we say now will change that.