BitShares Forum
Other => Graveyard => Muse/SoundDAC => Topic started by: clayop on October 22, 2014, 01:50:29 am
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Many are worrying about the future of music, suffering from uncertainty. I would suggest cob and Music team clarify the next step of Music; Will it be merged or independent? IMHO, music is not a core component of "DAC-OS", hence it should not be included in BTS.
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They are thinking about it; no decision will be made for some time.
Cob has posted about this a couple of times in other threads, but I can't find those at the moment. Basically, they're considering it.
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I suppose it'll depend on how much they would benefit from using the shared Bitshares bitUSD on the back end rather than their own version of it.
Would there really be any other potential benefit to them other than that?
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I suppose it'll depend on how much they would benefit from using the shared Bitshares bitUSD on the back end rather than their own version of it.
Would there really be any other potential benefit to them other than that?
How about this for other potential benefits?
https://bitsharestalk.org/index.php?topic=10293.msg135123#msg135123
(https://bitsharestalk.org/index.php?topic=10293.msg135123#msg135123)
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They are thinking about it; no decision will be made for some time.
Cob has posted about this a couple of times in other threads, but I can't find those at the moment. Basically, they're considering it.
https://bitsharestalk.org/index.php?topic=10258.msg134826#msg134826
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They are thinking about it; no decision will be made for some time.
Cob has posted about this a couple of times in other threads, but I can't find those at the moment. Basically, they're considering it.
https://bitsharestalk.org/index.php?topic=10258.msg134826#msg134826
Thanks. My guess is that Music won't be merged to BTS, but will be "on" the BTS system as a DAPP.
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They are thinking about it; no decision will be made for some time.
Cob has posted about this a couple of times in other threads, but I can't find those at the moment. Basically, they're considering it.
https://bitsharestalk.org/index.php?topic=10258.msg134826#msg134826
Thanks. My guess is that Music won't be merged to BTS, but will be "on" the BTS system as a DAPP.
Yes, that would seem to make the most sense. Bitshares doesn't need Music as part of its core, and Music can succeed and grow on its own. Besides, lumping Music into Bitshares along with other unrelated DACs might reduce the Music devs' focus and weaken their incentives to grow and improve their DAC.
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I suppose it'll depend on how much they would benefit from using the shared Bitshares bitUSD on the back end rather than their own version of it.
Would there really be any other potential benefit to them other than that?
How about this for other potential benefits?
https://bitsharestalk.org/index.php?topic=10293.msg135123#msg135123
(https://bitsharestalk.org/index.php?topic=10293.msg135123#msg135123)
How would that make a difference on the back end for cob and other front end competitor developers that use the DAC as the back end? Not saying it wouldn't but I'm not seeing the benefit of a "DAC-OS" for them.
Won't their primary target be non-crypto people? I think for the foreseeable future their best bet for market penetration will be a regular web/mobile app and standard marketing.
Also I imagine the front end they do build will be highly specialized for their purposes. Would there be pre-existing code or tools that would help them build peertracks better or faster that they could only leverage if they hook into a back-end Music Dapp that is part of the superDAC rather than a standalone chain?
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The new big DAC-OS is a kind of centralization... same delegates, etc. I like it as a BTSX upgrade, but I really wish the music DAC stays independent. I would hate it if the money I sent to music AGS is just buying me more BTS under conditions I have no control on whatsoever...
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The new big DAC-OS is a kind of centralization... same delegates, etc. I like it as a BTSX upgrade, but I really wish the music DAC stays independent. I would hate it if the money I sent to music AGS is just buying me more BTS under conditions I have no control on whatsoever...
+5%
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Won't their primary target be non-crypto people? I think for the foreseeable future their best bet for market penetration will be a regular web/mobile app and standard marketing.
Also I imagine the front end they do build will be highly specialized for their purposes. Would there be pre-existing code or tools that would help them build peertracks better or faster that they could only leverage if they hook into a back-end Music Dapp that is part of the superDAC rather than a standalone chain?
That's the idea. The web and mobile app will be targeted at the masses, not the crypto people.
The new big DAC-OS is a kind of centralization... same delegates, etc. I like it as a BTSX upgrade, but I really wish the music DAC stays independent. I would hate it if the money I sent to music AGS is just buying me more BTS under conditions I have no control on whatsoever...
The final decision depends very much on the final technical implementation of the DAC-OS and the community discussion. There are of course pros and cons to both sides.
Keep an eye out for news over the next few days.
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I would think that the time to market would be much quicker using Bitshares blockchain compared to launching a brand new one, not to mention other economies of scale regarding resources, development etc...From what I concluded observing the DNS blockchain launch, it's quite an effort and not for the timid. Lots of issues, problems, things that can go wrong, politics, user support etc.....all would probably be easier and quicker if they use Bitshares blockchain and user defined assets.
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New chain (BTS) that will fork from BTSX and honor PTS, DNS, VOTE, and AGS... simple upgrade and exchanges will simply rename BTSX to BTS.
Buy BTSX gives you 1:1 stake in BTS.... and you just upgrade your wallet.
Buy PTS gives will give you a slight advantage if you are willing to let your funds vest over 2 years.
Buy DNS gives will give you a similar advantage if you are willing to let your funds vest over 2 years.
BitAssets, Accounts, and User Issued assets are unaffected.
I will only be focusing on BTS and it will incorporate the features of DNS, KeyID, BTSX, VOTE and Ethereum on one chain called BitShares (BTS).
Play/Music are currently planning their own separate chains that will borrow our technology but still plan to honor PTS/AGS.
*note....whether or not the PTS/DNS price reflects a fair discount is hard to say.
PTS & DNS will continue as a chains that must find and grow the own community and leaders.
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I'm currently working on some design ideas for the branding for MUSIC. See here: https://bitsharestalk.org/index.php?topic=9930.msg132485#msg132485
With all the talk or mergers etc, can anyone confirm whether or not I should continue work on this area or hold off until we are 100% sure that MUSIC will be branded differently to BTS?
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I think thas has to be addressed ASAP. Especially as the presale is still running.
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I'm currently working on some design ideas for the branding for MUSIC. See here: https://bitsharestalk.org/index.php?topic=9930.msg132485#msg132485
With all the talk or mergers etc, can anyone confirm whether or not I should continue work on this area or hold off until we are 100% sure that MUSIC will be branded differently to BTS?
Music will have plenty of separate branding. They have their own front end site and that will continue. This merger question is just about the back-end DAC, which most PeerTracks users will never even know exists. I'm sure some of the marketing will apply to all DACs, but Music definitely has its own branding going on with PeerTracks.
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I'm currently working on some design ideas for the branding for MUSIC. See here: https://bitsharestalk.org/index.php?topic=9930.msg132485#msg132485
With all the talk or mergers etc, can anyone confirm whether or not I should continue work on this area or hold off until we are 100% sure that MUSIC will be branded differently to BTS?
Music will have plenty of separate branding. They have their own front end site and that will continue. This merger question is just about the back-end DAC, which most PeerTracks users will never even know exists. I'm sure some of the marketing will apply to all DACs, but Music definitely has its own branding going on with PeerTracks.
OK thanks, I'll continue working on these designs then. :D
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I've been investing via the the pre-sale. If NOTES were folded into BTS, is there any risk that we would be a price-taker (i.e. no say on allocation) like DNS and VOTE? If there is, I think I would rather not invest.
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See Cob answer here : https://bitsharestalk.org/index.php?topic=10258.msg135922#msg135922
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I've been investing via the the pre-sale. If NOTES were folded into BTS, is there any risk that we would be a price-taker (i.e. no say on allocation) like DNS and VOTE? If there is, I think I would rather not invest.
I think Cob is aware of such concerns. He has assured the community that he would carefully consider the interests of all parties before making a decision. I believe he would communicate these points when he is ready for a open discussion.
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Actually I''m worrying about it as well. I'v been investing NOTES for several days. Now I wanna stop because I'm not sure if the merger will happened. I think I'll be extraordinarily sad for a sudden merger (like DNS-BTS) after pre-sale.
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I'm guessing they will merge. It makes the most sense to use that scale on the back end; the PeerTracks folks are going to pretty occupied with their front end. But the default answer is that they're separate...until they discuss/decide otherwise. If/when they merge, I'm sure the allocation will be fair.
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If/when they merge, I'm sure the allocation will be fair.
It should be. But there are different interest groups, i.e. pre-saler, agser, and ptser with different prices. Ptsers obtained Notes at around 1500 satoshi (rough calculation), while post 2/28 agsers got them at around 700 satoshi, and presalers at around 400-700 satoshi. If they are merged, someone will benefit or someone will lose. We have to be super wise.
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Personally, I'm for merge if there exists a great benefit. However, my concern is how to abate complains and resists from pre-salers and ptsers. The former group bought Notes at the lowest price so far, but is expecting short-term profit, therefore they will complain about long-term investment in BTS. It is obvious that the latter group will complain about loss if the merger price (or proportion of share) is lower than the price they obtain Notes (which can be roughly calculated with price difference between before and after snapshot).
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Personally, I'm for merge if there exists a great benefit. However, my concern is how to abate complains and resists from pre-salers and ptsers. The former group bought Notes at the lowest price so far, but is expecting short-term profit, therefore they will complain about long-term investment in BTS. It is obvious that the latter group will complain about loss if the merger price (or proportion of share) is lower than the price they obtain Notes (which can be roughly calculated with price difference between before and after snapshot).
Agreed.
I'm certain that if that great benefit exists, cob will do what he thinks is best for the DAC. However a merger will certainly leave some people feeling frustrated. I'm sure some would be happy to dilute their music investment for the chance to also be invested with all the other features in the multi DAC, however for those that wanted maximum exposure to the business the music side brings, introducing dilution to that for features they are less interested in would feel like a raw deal.
In theory, if a merger happened and theMusic Dapp greatly outperformed all other Bitshares features, Note purchasers would be giving much investment value up to the other BTS holders. However of course the opposite could happen and those same investors could be saved from losses or lower gains.
I think it's smart for cob and his team to carefully study the pros and cons of a merger before rocking the boat for their current investors.
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I think cob's approach of wait and see is pretty wise. For all we know BTS will drop like a rock for anyone of a number of reasons. Note at this point has more to loose then gain. Sure BTS can offer them access to more funds and devs but note is going to have its own funds via the pre sale.
The above is written from a soon to be BTS holder and I have no notes other then from ags. I would love for them to come on board but Its just smart business to wait until the dust clears.
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They are thinking about not doing it.
ICO is running..
>lyl