Quote from: Akado on November 21, 2015, 01:35:37 am

Quote from: luckybit on November 21, 2015, 01:33:02 am

Quote from: Akado on November 21, 2015, 01:13:20 am

https://bitcointalk.org/index.php?topic=1256406.0

I understand banks dont even know BitShares exists, but they're preferring Ethereum over Ripple for example? For money transfers and banks use cases specifically, shouldnt it be something like

BitShares > Ripple > Ethereum or Ripple > BitShares > Ethereum?

We're way more into this kind of stuff than ethereum is. We have way more potential. We specialize in one thing while Ethereum is ok at everything else.

Do these people actually do decent research or only go for whatever they hear "should" be good enough? Or am I just completely wrong? Unless they want to develop other use cases for which Ethereum might be better at? I just didn't predict banks teaming up with Ethereum. I always thought that Ripple would be the one doing so becasue of all the connections they have and we would be the alternative and the "new" stuff for some other more bold banks while providing services for all exchanges.

Ethereum would just be used for... everything else

Ethereum took over Silicon Valley while Bitshares took over Virginia. Silicon Valley is more connected to the tech world so it's obvious why Ethereum is able to do certain things.

But I don't see why banks would choose Ethereum either. Ethereum has questionable security, is experimental, and I doubt banks are going to put all their hope into Ethereum at this time. Maybe in a few years if Ethereum matures it could have some support but it's not going to happen over night.

I think if they use it they might just fork it. Still, would probably be beneficial for eth. That isn't a race we should loose. Every crypto is trying to find it's niche.

We're just finding ours and would be nice if we wouldn't collide with other projects that could take away our market share.

My opinion is Bitshares should work with any organization or entity that a corporation could work with. Bitshares can work with banks, governments, non-profits, NGOs, private investors, celebrities or whomever. That in fact is the beauty of the design of Bitshares.

At the same time that is also why I try to tell people to tone down the ideological graffiti. Ideology puts people into a tribal state of mind, it makes it harder to do business dev, harder to collaborate, it divides people, makes people irrational, and while it's good at times for your community to have a deep philosophy, you don't want it on your website or in your marketing.

In your marketing and on your website you want to focus on how much $ the people or organizations can make, or how much $ they can save, by working with you over working with your competitors. You also want to highlight your strengths and compare it to the weaknesses of your competitors.

Bitshares has some clear and irrefutable strengths in the technological arms race. It also has some weaknesses. The strengths actually appeal to traditional institutions like banks and in many ways Bitshares has taken a conservative approach. On the other hand generalized programmable blockchain are a strength and while Bitshares has some of these capabilities it will be left in the dust by some of the other projects.

So Bitshares needs to focus on it's niche. It's niche is financial transactions, it's niche is decentralized exchange,  and from a technological point of view if it can do bank functions better than Ethereum then it might win over some of the smaller banks. You don't need to win the biggest banks, you just need any banks.

Very good point Luckybit, yes this what BTS needs to do; gain mass exposure. I have put it to Fabian about the importance of getting BTS out into the big league BTS has far superior security, hack resistance (virtually hack proofing who starts using it and it is also generally more aligned with big finance to start with.

BTS needs to make its mark on silicone valley, where the boy's clubs are and the tech nerds that need to see what BTS is about.

BTS needs to promote itself as a hard core bottom up industry grade platform that will bring finance into the 21st century, the finance world is still in the dark ages tech wise BTS is the disruptor and it will take on conventional wisdom head on.

A hard nosed assault on silicone valley and the tech world is how BTS will ultimately flourish and be the tour de force it deserves to be.


So marketing is the key here, build enthusiasm in the boy's clubs over there in silicone valley, show the silicone wannabes the  innovation force that BTS holds.

Connect Bitshares with the tech world, apps to connect to smart phones and ipads integration with trading platforms, then see what the result is. Whilst BTS is not perfect, nothing is. I see it being far better accepted than some silicone valley sandbox.  Ethereum has its place but it's not at the forefront of financial security,
hack prevention and international trade.

The financial world wants security and peace of mind that funds are properly held and secured at all times, this has been and will always be the number one first order priority concerning the stowage and transfer of money.

I will also add that BTC is old hat tech now, it's too slow, too resource intensive and cannot scale up like BTS. So the real truth and fact of the matter of bringing finance into the 21st century is six fundamental rules:

Security, Keep out thieves and hackers.
Speed, Faster the better.
Scaleability, Grow as finance grows.
Adaptability, Make provision for change in the finance sphere.
Flexibility, Empower the individual with the ability to tailor their finances the way they want them not how they're told to..
Convenience, being able to pay and go quickly.

That's the ethos of people friendly modern finance.

Quote from: yvv on November 20, 2015, 08:00:10 pm

@ccedk

Quote

it does not take a genious to see the incoming amounts to ccedkbts and the following payments from obits account

Ok, you are right I am wrong. I thought you are receiving payments off blockchain.

Reading half and making up the other half asuming things instead of trying it out yourself is bound to go wrong and although I did say off blockchain, I meant as such that it was not listed on any sales stats like coinmarketcap etc, for people outside to follow, simply because this stage before public launch is the stage of making mainly crypto minded people aware  giving all a chance to buy in early before the news reaches the mainstream category of investors interested in something different, yet appealing for future profitt take.

My two biggest priorities up untill Dec. 1st is

1. Settling all matters, for OBITS to be listed on as many exchanges fully BitShares 2.0 integrated a possible

2. Getting out to as many magazines and bloggers worldwide interested in presenting and promoting OBITS on their website, sending the readers to Openledger and in return generating future residual income on the base of a Lifetime membership link

that is what I am working with in the meantime of making time writing my feedback on these comments.

Have you ever thought about the impact when a successful wave of users wish to signup on Openledger to buy and safekeep OBITS, and buy buying OBITS whether it is in other currencies than bts where we then buy supply of bts, or it is themselves going out there buying bts to buy OBITS.

Either way a demand is created for bts, allowing the price of bts to rise, and as such you make OBITS rise in price as well, and suddenly it is not only the fees involved and the buyback creating teh value combined with the demand and supply, it is suddenly also the indirect increase of bts, and suddenly you have the kin of synergy I love to deal with.

None of this has gotten anything to do with dumping and pumping.

It is more about believing in BitShares and creating a need, from expected income from fees and added future projects.

With that need created we are able to present a solution based on the profits of the exchange network.

I agree that the need to create demand is the issue with BTS, and pump and dump is the number one issue with all crypto. So if demand can be created, it will be of mutual benefit rather than just another toy in the sandbox to be smashed to pieces when the players feel like beating something up like BTS which has too often been the case with continuous pump and dump schemes which need to be stopped.

Hello Guys,

Here is a bit of interesting reading regarding the development of the blockchain sphere, I am not the most advanced with the tech sphere but I am trying to throw support towards Bitshares in some way possible.

I think this maybe of interest to the Bitshares community and possibly another potential connection to help grow the BTS network, since the BTS network has a pretty darn incredible platform that this could be a part in. This is my two cents

Have a read guys and see what you think.


Outlier Ventures and MoneyCircles


As seen on Coin Telegraph:


Outlier Ventures Ltd, Europe’s first blockchain-focused incubator has launched an Uphold (formerly known as Bitrserve)-based decentralized peer-to-peer lending application called MoneyCircles, to allow underbanked and underserved individuals to access loans with greater flexibility.

Similar to alternative blockchain platforms like Sia, MoneyCircles issues smart contracts to verify and authenticate identities and settlements directly on the platform.

The smart contacts can be written by independent “circle groups” on the platform, creating a trust score-based relationship between lenders and borrowers on its payment network.

“Circles can be connected up to external data sets including social media or traditional credit scoring through the use of ‘oracles’, a method of giving smart contracts access to information in the outside world in a decentralised manner,” explains the MoneyCircles team.

Furthermore, the utilization of smart contracts eliminates any need for intermediaries or middlemen to intervene in the settlement between lenders and borrowers on the platform. Since all transactions and agreements are recorded onto the transparent ledger of MoneyCircles, its users do not need an auditor or a third party escrow service provider to overlook the contract.

In Europe, especially in the UK, there are millions of people that have no access to credit and are trapped in low-interest savings accounts. MoneyCircles aims to allow savers and lenders to build a positive relationship with financial institutions by reconciling these two parts of the market.

‘Whilst everyone talks about the disruptive powers of blockchains, and they very much have the potential to disrupt even the disrupters, we believe they’re more a platform for collaborative, perhaps more reformative, innovation with established industries and incumbents’,” says Outlier Ventures founder Jamie Burke.

Outlier Ventures and MoneyCircles founder Jamie Burke.

 website: moneycircles.com