Quote from: OldMan on October 04, 2014, 01:28:13 pm

Folks are getting a bit short-sighted here.

The problem with diluting is that it sets precedent.

Diluting under the wise and benign rule of BM seems like a good idea because it satisfies short-term greed with no perceived downside.

Bitshares just prints some money to boost the economy.

Sound familiar?

Dilution, inflation, debasement... whatever you want to call it, the end result is always the same.

I state categorically that I3 and the Bitshares community have a moral imperative not to inflate/dilute/debase the share supply.

Doing so is akin to voting to be infected by a disease that will slowly kill BTSX.

A few will get wealthy in the short term, the masses will suffer in the long term.

We do not want to become the US Gov.

I3 has ample development funds that if spent wisely will get Bitshares to critical mass.

They need to get the client/trading platform sorted, phone apps pushed out, fiat gateways in place.

Then do a simple marketing campaign to the crypto crowd and perhaps a non-crypto-but-tech-savvy demographic (ie. Gen X/Y).

This should cause the market cap to increase substantially.

At that point, once the 'hey look at us' marketing is exhausted, they could consider using a referral system or other shenanigans to engage other demographics.

Low hanging fruit first.

Thank you OldMan! An insightful voice of clarity and reason!

Anyway, My 2 cents.

1. While dilution has its own concerns, I think the counter opinions trump it. 
a) We need to go hard or go home, or someone else will come and blow our space up.  We don't want to be 2nd best in the space that we (I use that term generously... more like you) invented. My experience is it is common for technologists to think great products sell themselves.  They never do in reality. Money for marketing needs to come from somewhere. Be it dilution, dev funds, or other. So you need to have a strategy for it no matter what the proposed marketing plan is... Be it referral program or other.   So what is BTSX's strategy for funding marketing?  You have to have one or you are toast to someone who does.

Quote from: bytemaster on October 03, 2014, 12:10:58 pm

Marketing btsx as a currency is a mistake.   Market it as a virtual company that is raising money to grow.   

This statement makes a lot of sense to me.

support  bm

It's weird how some people think gold is the unique source of value.

Maybe Apple should back it's share with some gold ? Maybe you should put some gold in your basement to be sure your house has value ? Maybe you should mix some gold in your food to be sure that the food you eat is valuable ?

Value comes from the human mind, if some folks deemed a good valuable, then it's valuable, period. If you love gold, go buy some, but please stop thinking it's the only source of value, it's an economic nonsense.

Besides that, it's against the whole point of cryptos. We are here because Satoshi invented a decentralized way to exchange and store value, it's a reactonary idea to add centralization to the system.

Have you heard about e-gold ? It's so 2003, but you can still try it. Oh wait... actually you cannot, because it's was not viable.

HI James, I agree with the thought.  But I dont think it is going to make a bitcoiner click on that headline.   Perhaps....

Bitcoin is the killer blockchain currency app. What is the killer blockchain equity app? 

At present I am a leaning towards...
Option 1) I just had a huge aha moment for what blockchain, can provide.
Option 2) The revolution will not be centralized.

Thanks everyone for their suggestions.  Especially you Tonyk.  You made me feel like a dick, helping me with headlines here, and I am dressing you down on another post. 

Quote from: fussyhands on September 26, 2014, 10:03:50 am

Quote from: Agent86 on September 26, 2014, 01:23:40 am

First BTSX isn't just a little better than Bitcoin; it's orders of magnitude and solves fatal flaws.  Bitcoin can't stay at the top given the competition. 

The whole concept of Bitshares is precisely not to create another altcoin to compete with Bitcoin.

Bitshares upgrades existing assets with new features and benefits via cryptography and the decentralized ledger.

bitUSD etc. Are not an altcoins and will happily coexist with Bitcoin.

This is why Bitshares will succeed: Bitcoin will sell the masses on crypto-assets and BTSX will provide the diversification, yield and liquidity necessary for wide scale adoption.

The tech really is that good!