I think a key difference is that they and the market are clear on what industry they will dominate in 'The New (Decentralized) World.'
Ethereum - Decentralized Apps
MaidSafe - Decentralized Data
Bitcoin - Decentralized Gold
Augur - Decentralized PM (Gambling)
BitShares - Decentralized Bank & Exchange
Exchanges, hedge funds, banks, etc, all using BitShares via
QuoteExchanges, hedge funds, banks, etc, all using BitShares via
This is not going to happen, because all of them need privacy among other things. They will rather wait when Hyperledger or whatever that IBM thing is called will be ready.
I don't know what exactly it is?
BitShares is a revolutionary new bank and exchange that could rival the value of the largest banks in the world such as JP Morgan and Bank of America in just a few years. How could this new upstart grow so quickly? BitShares offers a bank account that earns 5% interest where funds can be transferred inminutesseconds anywhere in the world with more privacy and security than a Swiss bank account. Your account can never be frozen, your funds cannot be seized, and the bank can never face collapse due to loan defaults or fraud. All of this is made possible without requiring any employees, lawyers, regulatory compliance, vaults, buildings, and other infrastructure required by traditional banks. Unlike existing banks, you can hold your balance denominated in gold, silver, oil, or other commodities in additional to national currencies while earning 5% interest.
In addition to acting as a bank, BitShares also serves as an exchange where currencies, commodities, and stock derivatives can be traded with most of the features used by professional traders including shorts and options.
If the largest banks can achieve deposits of over $1 trillion dollars with no meaningful interest, how many deposits could BitShares attract and what would that mean for the value of the bank?
+5% That is some great stuff! If that first paragraph was a short advert we could send to friends, colleagues with a click-through at the end 'want to learn more' I think that would spread quickly!
We need focus and a purpose.
Exchanges, hedge funds, banks, etc, all using BitShares via
Stock Markets
Bond Markets
Commodity markets
Money markets
Derivatives markets
Futures markets
Insurance markets
Foreign exchange markets
Stock Markets
Bond Markets
Commodity markets
Money markets
Derivatives markets
Futures markets
Insurance markets
Foreign exchange markets
tldr; BitShares has an identity crisis. We need focus and to find our own market. Imo our niche should be financial markets.
QuoteExchanges, hedge funds, banks, etc, all using BitShares via
This is not going to happen, because all of them need privacy among other things. They will rather wait when Hyperledger or whatever that IBM thing is called will be ready.
Banks might, but hedge funds, speculators, can be just about anyone. The fact it is decentralized means its trustless, there is no need for identity to be known during trades.
On more specific cases maybe contracts could be done. Still, that's something far ahead and who knows if we or someone else can't come up with the tech to achieve that.
We are still in the very beginning.
Don't we have stealth? maybe it could be upgraded in the future and be used for whatever needs banks need.
If we did some kind of rebrand like updating the website with new info, advertise this, etc we would make news and make an impact. We time that with Rate Limited Fees for example and I believe it could give us that initial boost people are looking for.Hi @Akado ,
People would immediately associate BitShares with financial markets...
QuoteExchanges, hedge funds, banks, etc, all using BitShares via
This is not going to happen, because all of them need privacy among other things. They will rather wait when Hyperledger or whatever that IBM thing is called will be ready.
Banks might, but hedge funds, speculators, can be just about anyone. The fact it is decentralized means its trustless, there is no need for identity to be known during trades.
On more specific cases maybe contracts could be done. Still, that's something far ahead and who knows if we or someone else can't come up with the tech to achieve that.
We are still in the very beginning.
Don't we have stealth? maybe it could be upgraded in the future and be used for whatever needs banks need.
I would vote for bitshares to stay a financial platform for small people. Those oligarchs already have one and they are happy with it. Things like micro-payments, micro-investments, crowdlending, crowdfunding etc could be in demand if implemented correctly. This is imo, of course.
My impression is I saw person A say [this is the problem I see] responded with [no everything is fine] and person B says [this is hard and inconsistent] responded with [were not perfect but getting better].
That doesn't seem like feedback is being listened to, that seems like hand waving and people just walk away.
My impression is I saw person A say [this is the problem I see] responded with [no everything is fine] and person B says [this is hard and inconsistent] responded with [were not perfect but getting better].
That doesn't seem like feedback is being listened to, that seems like hand waving and people just walk away.
What Bitshares is?
The simplest answer: Decentralized Exchange.
What Bitshares is?
The simplest answer: Decentralized Exchange.
BitShares offers a bank account that earns 5% interestwhere funds can be transferred inminutesseconds anywhere in the world with more privacy and security than a Swiss bank account. Your account can never be frozen, your funds cannot be seized, and the bank can never face collapse due to loan defaults or fraud. All of this is made possible without requiring any employees, lawyers, regulatory compliance, vaults, buildings, and other infrastructure required by traditional banks. Unlike existing banks, you can hold your balance denominated in gold, silver, oil, or other commodities in additional to national currencies.
We really need ui/ux team to go through are fix the wallet.
Number of witnesses is not the key of centralized or decentralized in BitShares. Voting power is.
I agree with Liondani, witnesses let's have more, what about 1000 if possible?
I would love to see a slack for Bitshares in general, with channels for development like #plasma, and channels for current issues and ideas (ie pricing etc), this way things are not mixed.
If we did some kind of rebrand like updating the website with new info, advertise this, etc we would make news and make an impact. We time that with Rate Limited Fees for example and I believe it could give us that initial boost people are looking for.Hi @Akado ,
If I understood correctly, the Rate Limited Fees feature is super high priority? Would you like to write a feature definition document in the formal BSIP format for us? I'm a bit sick of requesting for deployment/hard fork without a detailed feature definition document.
Please refer to :
* BM's blog post: http://bytemaster.github.io/article/2016/02/10/How-to-build-a-decentralized-application-without-fees/
* BSIP example: https://github.com/bitshares/bsips/blob/master/bsip-0010.md
* my implementation post: https://bitsharestalk.org/index.php/topic,21462.0.html
* Github feature request: https://github.com/cryptonomex/graphene/issues/603
Thanks a lot!
Yes @Akado I want someone to do some documentation work, just like @jakub has done for BSIP10. I'm not good at writing those papers. Imo it requires little technical knowledge but more knowledge about features of BitShares system. It's great if you can help, best try to understand it and write in a easier-to-understand language, but not just copy/pasting.If we did some kind of rebrand like updating the website with new info, advertise this, etc we would make news and make an impact. We time that with Rate Limited Fees for example and I believe it could give us that initial boost people are looking for.Hi @Akado ,
If I understood correctly, the Rate Limited Fees feature is super high priority? Would you like to write a feature definition document in the formal BSIP format for us? I'm a bit sick of requesting for deployment/hard fork without a detailed feature definition document.
Please refer to :
* BM's blog post: http://bytemaster.github.io/article/2016/02/10/How-to-build-a-decentralized-application-without-fees/
* BSIP example: https://github.com/bitshares/bsips/blob/master/bsip-0010.md
* my implementation post: https://bitsharestalk.org/index.php/topic,21462.0.html
* Github feature request: https://github.com/cryptonomex/graphene/issues/603
Thanks a lot!
@abit You want me to make a BSIP for Rate Limited Fees? I've never tried that and remember I'm not a technical member so I can't really go into much details without copy/pasting.
I can give it a try if you want, nonetheless
Sure, I'll pony up 10k BTS for the bounty. Let me know who to pay when it's finished.
Community Action Request: Content for Azure BaaS blog post.
Background:
I've been in contact with Marley Gray, Director, BizDev & Strategy - Cloud and Enterprise, Microsoft on the on-boarding process for BitShares to Azure BaaS. We are a pull request approval from being live.
Request:
First, please review Mr. Marley's previous blog posts to see how other blockchain offerings are being positioned [1]. Then, please provide ideas on what you feel should be included in his upcoming blog post highlighting BitShares. I have a skeleton contained within the metadata.json and README.md files within the GitHub repository [2]. If you choose to tweet this information, please mention @ryanRfox
Gratitude:
Thanks to all those that have tested the scripts and provided feedback thus far; please offer more.
[1] https://azure.microsoft.com/en-gb/blog/author/marleyg/
[2] https://github.com/ryanRfox/azure-quickstart-templates/tree/review/bitshares-ubuntu-vm
We have made the sound assumption that given access to absolutely secure storage and transmission of value, everyone on the planet would be interested. So what is stopping BitShares from spreading like a virus? It currently targets the wrong people....a niche within a niche. That's not an accusation because it's a highly motivated niche that has taken us this far.
I complete agree with everyone's comments about ease of use and simplicity of pitch being the biggest stumbling block. The fact is, BitShares is not particularly valuable because despite its promise, hardly anyone can use it. BitShares has the highest ideals for a secure, open transaction & value storage network but even if people can get to grips with the technology, their use of its native units can only be achieved with significant risk and complexity given that it is completely reliant upon other units, networks and exchanges as intermediaries.
We need to sell the vision of BitShares to communities of normal people and when we do, we need to show them an unbelievably simple method for changing FIAT to bitAssets or BTS and back again. At the same time the tools we introduce them to need to be highly targeted to them and very simple.
In an ideal situation we need teams of people who are all able to specialise in the marketing and refinement of major tools within the BitShares platform for particular groups of people or businesses. The most important group in my mind is ordinary people who could benefit from the most basic application of the BitShares tools. It is the one group we seem currently to be the furthest from serving and in turn benefiting from gigantic network effect that would immediately drive everything else. I hope (so hard diamonds will be dropping out my butt soon) that we can adjust focus in this direction because we can still out-compete our competitors and those with far smaller dreams and make Bitcoin (with all due respect) look like a firework compared to our space-ship.
We should attempt to partner with anyone trying to do a similar approach. I know there is already a huge amount of effort going on within BitShares to accomplish these goals all the time. Massive respect and thank you for the hard work.
Lol!We have made the sound assumption that given access to absolutely secure storage and transmission of value, everyone on the planet would be interested. So what is stopping BitShares from spreading like a virus? It currently targets the wrong people....a niche within a niche. That's not an accusation because it's a highly motivated niche that has taken us this far.
I complete agree with everyone's comments about ease of use and simplicity of pitch being the biggest stumbling block. The fact is, BitShares is not particularly valuable because despite its promise, hardly anyone can use it. BitShares has the highest ideals for a secure, open transaction & value storage network but even if people can get to grips with the technology, their use of its native units can only be achieved with significant risk and complexity given that it is completely reliant upon other units, networks and exchanges as intermediaries.
We need to sell the vision of BitShares to communities of normal people and when we do, we need to show them an unbelievably simple method for changing FIAT to bitAssets or BTS and back again. At the same time the tools we introduce them to need to be highly targeted to them and very simple.
In an ideal situation we need teams of people who are all able to specialise in the marketing and refinement of major tools within the BitShares platform for particular groups of people or businesses. The most important group in my mind is ordinary people who could benefit from the most basic application of the BitShares tools. It is the one group we seem currently to be the furthest from serving and in turn benefiting from gigantic network effect that would immediately drive everything else. I hope (so hard diamonds will be dropping out my butt soon) that we can adjust focus in this direction because we can still out-compete our competitors and those with far smaller dreams and make Bitcoin (with all due respect) look like a firework compared to our space-ship.
We should attempt to partner with anyone trying to do a similar approach. I know there is already a huge amount of effort going on within BitShares to accomplish these goals all the time. Massive respect and thank you for the hard work.
(http://cdn.meme.am/instances/64015603.jpg)
With all of these pending bail-ins and negative interest rates, a decentralized bank is huge. If we just had a BitShares Bank with a sexy front end and some nice on-off ramps i'm sure that in itself would be absolutely huge.
With all of these pending bail-ins and negative interest rates, a decentralized bank is huge. If we just had a BitShares Bank with a sexy front end and some nice on-off ramps i'm sure that in itself would be absolutely huge.
http://techcitynews.com/2016/02/09/62-of-people-would-switch-their-bank-account-to-a-fintech-provider/
62% of people ‘would switch their bank account to a FinTech provider’
The front page of our website should just say "Bitshares is a fully decentralised exchange"
The text currently on the front page of bitshares.org is meaningless to new visitors.
The front page of our website should just say "Bitshares is a fully decentralised exchange"
The text currently on the front page of bitshares.org is meaningless to new visitors.
+5% Something easy for people to visualize. Simple as 1-2-3
1. Simple clean interface
2. Website targeting the Decentralized Exchange
3. Video on front page (Augur, Slock.it etc..) that talks about never getting Goxed again
4. Profit
The front page of our website should just say "Bitshares is a fully decentralised exchange"
The text currently on the front page of bitshares.org is meaningless to new visitors.
+5% Something easy for people to visualize. Simple as 1-2-3
1. Simple clean interface
2. Website targeting the Decentralized Exchange
3. Video on front page (Augur, Slock.it etc..) that talks about never getting Goxed again
4. Profit
@JonnyBitcoin @TravelsAsia check it now, it was updated
The front page of our website should just say "Bitshares is a fully decentralised exchange"
The text currently on the front page of bitshares.org is meaningless to new visitors.
+5% Something easy for people to visualize. Simple as 1-2-3
1. Simple clean interface
2. Website targeting the Decentralized Exchange
3. Video on front page (Augur, Slock.it etc..) that talks about never getting Goxed again
4. Profit
@JonnyBitcoin @TravelsAsia check it now, it was updated
Bitshares is the Linux of Finance. Powering the Fin-Tech technologies of tomorrow. Giving investors and entrepreneurs alike a new way to achieve their financial initiatives and investment goals without the hassles of yesterday's banking technologies. Now creating assets, trading, banking and other activities can be achieved... etc etc
Key here is the first two sentences. My take as an entrepreneur. Lets not try to market like everyone else. Lets be ourself. Just my two $ense.
3. Video on front page (Augur, Slock.it etc..) that talks about never getting Goxed again
4. Profit
3. Video on front page (Augur, Slock.it etc..) that talks about never getting Goxed again
4. Profit
This is a pretty catchy BitAsset video I did back in the day https://www.youtube.com/watch?v=DCuXzQZAjPA&feature=youtu.be (I loaded it up again but as 'unlisted' as it's outdated/copyright issues/song author uncredited.)
Realistically though BTS best interim bet might be to look at using some of this OpenLedger video with Ronny's permission https://www.youtube.com/watch?v=--CivEZvTxU
Numerous times such discussion starts with good point and then dissolves in brainstorming fashion.
One thing is obvious from the very beginning, this project lacks clear objective.
It is problem of a leadership. I have to admit that BM critics have proved its point.
Good leader would know one thing. He must become entrepreneur first. With all possibilities he might dream of he need at least one practical thing that is working to prove his point. To himself and to others. In such a way he build his momentum, his self confidence and his courage to persist in chasing his dreams no matter what. Henry Ford has dreamed about horseless carriage. Then he put all his knowledge and talent in to building one. It took him two years for finishing his first working prototype. With money and credibility he earned he build Ford Motor Company.
I think our problem is that Bitshare is internal combustion engine for BMs horseless carriage. Although critical component, without it horseless carriage surely couldn't exist as such, it is not a point of a dream. So what is our horseless carriage. Is it decentralized exchange for Bishares. It may be.
All things that we enjoy in our modern life, from electricity that drives it to this very forum, was ones a dream in someones head.
Difference is that someone put it for people to see, feel and enjoy benefits of using it.
Numerous times such discussion starts with good point and then dissolves in brainstorming fashion.
One thing is obvious from the very beginning, this project lacks clear objective.
It is problem of a leadership. I have to admit that BM critics have proved its point.
Good leader would know one thing. He must become entrepreneur first. With all possibilities he might dream of he need at least one practical thing that is working to prove his point. To himself and to others. In such a way he build his momentum, his self confidence and his courage to persist in chasing his dreams no matter what. Henry Ford has dreamed about horseless carriage. Then he put all his knowledge and talent in to building one. It took him two years for finishing his first working prototype. With money and credibility he earned he build Ford Motor Company.
I think our problem is that Bitshare is internal combustion engine for BMs horseless carriage. Although critical component, without it horseless carriage surely couldn't exist as such, it is not a point of a dream. So what is our horseless carriage. Is it decentralized exchange for Bishares. It may be.
All things that we enjoy in our modern life, from electricity that drives it to this very forum, was ones a dream in someones head.
Difference is that someone put it for people to see, feel and enjoy benefits of using it.
The DEX is horseless carriage... it was perhaps a few months ago during a hangout that BM did bring up that the original goal of bitshares.. like the VERY beginning it was created.. was in response to MtGOX... they wanted to create a decentralized exchange where nobody would have to ever worry again about that happening. Back then it was also believed that bitcoin would never be regulated.. and therefore it would be open to such messes like that happening all the time.
He then went on to talk about how since then it is not as much of a concern now as it used to be. The government regulating bitcoin was unexpected.. and therefore now causes exchanges to be more accountable and having to follow certain government oversight.
So to continue with your comparison.. it is as though they set out to create the horseless carriage.. and came up with one about 10 years to late. Not quite the right fit comparison.. but you get the idea... certain assumptions that were made from the beginning turned out to go in another direction.
So fast forward to today and you see people wondering why people are not swarming to the DEX.. we call it an identiy crisis because where we began now while it does have a unique value proposition.. the pain that we were originally designed to solve is no longer present due to the market changes. The gains we offer are not high on the priorities of that customer segment.. but the task of trading that the exchange accomplishes it does it well.
So where does that leave us now? He tried to suggest i the same hangout that at potential target market we should look at might be freedom lovers as a niche that might be responsive to having an open ledger.
What I think now is we have a DEX.. and yes.. there are other markets that can be served by it.. however I think bitshares overall future is really as a business blockchain platform.
The DEX can serve as a hub for settlements and currency exchange.
Businesses can build their smart contracts on Bitshares and get all the benefits the DEX has to offer in powering those contracts.
So when it comes to identifying what Bitshares is.. it is clear to me that we have product that is a DEX... that serves as a great DEMO of just one thing that can run on the bitshares blockchain.
What we need now is for those who are traders and those wanting to focus in that space to do so.
For the rest of what bitshares has to offer.. I would say we need to start identifying the most obvious verticals that will serve specific businesses and get those businesses building their apps on Bitshares.
Anyways.. my +5% :)
Numerous times such discussion starts with good point and then dissolves in brainstorming fashion.
One thing is obvious from the very beginning, this project lacks clear objective.
It is problem of a leadership. I have to admit that BM critics have proved its point.
Good leader would know one thing. He must become entrepreneur first. With all possibilities he might dream of he need at least one practical thing that is working to prove his point. To himself and to others. In such a way he build his momentum, his self confidence and his courage to persist in chasing his dreams no matter what. Henry Ford has dreamed about horseless carriage. Then he put all his knowledge and talent in to building one. It took him two years for finishing his first working prototype. With money and credibility he earned he build Ford Motor Company.
I think our problem is that Bitshare is internal combustion engine for BMs horseless carriage. Although critical component, without it horseless carriage surely couldn't exist as such, it is not a point of a dream. So what is our horseless carriage. Is it decentralized exchange for Bishares. It may be.
All things that we enjoy in our modern life, from electricity that drives it to this very forum, was ones a dream in someones head.
Difference is that someone put it for people to see, feel and enjoy benefits of using it.
The DEX is horseless carriage... it was perhaps a few months ago during a hangout that BM did bring up that the original goal of bitshares.. like the VERY beginning it was created.. was in response to MtGOX... they wanted to create a decentralized exchange where nobody would have to ever worry again about that happening. Back then it was also believed that bitcoin would never be regulated.. and therefore it would be open to such messes like that happening all the time.
He then went on to talk about how since then it is not as much of a concern now as it used to be. The government regulating bitcoin was unexpected.. and therefore now causes exchanges to be more accountable and having to follow certain government oversight.
So to continue with your comparison.. it is as though they set out to create the horseless carriage.. and came up with one about 10 years to late. Not quite the right fit comparison.. but you get the idea... certain assumptions that were made from the beginning turned out to go in another direction.
So fast forward to today and you see people wondering why people are not swarming to the DEX.. we call it an identiy crisis because where we began now while it does have a unique value proposition.. the pain that we were originally designed to solve is no longer present due to the market changes. The gains we offer are not high on the priorities of that customer segment.. but the task of trading that the exchange accomplishes it does it well.
So where does that leave us now? He tried to suggest i the same hangout that at potential target market we should look at might be freedom lovers as a niche that might be responsive to having an open ledger.
What I think now is we have a DEX.. and yes.. there are other markets that can be served by it.. however I think bitshares overall future is really as a business blockchain platform.
The DEX can serve as a hub for settlements and currency exchange.
Businesses can build their smart contracts on Bitshares and get all the benefits the DEX has to offer in powering those contracts.
So when it comes to identifying what Bitshares is.. it is clear to me that we have product that is a DEX... that serves as a great DEMO of just one thing that can run on the bitshares blockchain.
What we need now is for those who are traders and those wanting to focus in that space to do so.
For the rest of what bitshares has to offer.. I would say we need to start identifying the most obvious verticals that will serve specific businesses and get those businesses building their apps on Bitshares.
Anyways.. my +5% :)
Numerous times such discussion starts with good point and then dissolves in brainstorming fashion.
One thing is obvious from the very beginning, this project lacks clear objective.
It is problem of a leadership. I have to admit that BM critics have proved its point.
Good leader would know one thing. He must become entrepreneur first. With all possibilities he might dream of he need at least one practical thing that is working to prove his point. To himself and to others. In such a way he build his momentum, his self confidence and his courage to persist in chasing his dreams no matter what. Henry Ford has dreamed about horseless carriage. Then he put all his knowledge and talent in to building one. It took him two years for finishing his first working prototype. With money and credibility he earned he build Ford Motor Company.
I think our problem is that Bitshare is internal combustion engine for BMs horseless carriage. Although critical component, without it horseless carriage surely couldn't exist as such, it is not a point of a dream. So what is our horseless carriage. Is it decentralized exchange for Bishares. It may be.
All things that we enjoy in our modern life, from electricity that drives it to this very forum, was ones a dream in someones head.
Difference is that someone put it for people to see, feel and enjoy benefits of using it.
The DEX is horseless carriage... it was perhaps a few months ago during a hangout that BM did bring up that the original goal of bitshares.. like the VERY beginning it was created.. was in response to MtGOX... they wanted to create a decentralized exchange where nobody would have to ever worry again about that happening. Back then it was also believed that bitcoin would never be regulated.. and therefore it would be open to such messes like that happening all the time.
He then went on to talk about how since then it is not as much of a concern now as it used to be. The government regulating bitcoin was unexpected.. and therefore now causes exchanges to be more accountable and having to follow certain government oversight.
So to continue with your comparison.. it is as though they set out to create the horseless carriage.. and came up with one about 10 years to late. Not quite the right fit comparison.. but you get the idea... certain assumptions that were made from the beginning turned out to go in another direction.
So fast forward to today and you see people wondering why people are not swarming to the DEX.. we call it an identiy crisis because where we began now while it does have a unique value proposition.. the pain that we were originally designed to solve is no longer present due to the market changes. The gains we offer are not high on the priorities of that customer segment.. but the task of trading that the exchange accomplishes it does it well.
So where does that leave us now? He tried to suggest i the same hangout that at potential target market we should look at might be freedom lovers as a niche that might be responsive to having an open ledger.
What I think now is we have a DEX.. and yes.. there are other markets that can be served by it.. however I think bitshares overall future is really as a business blockchain platform.
The DEX can serve as a hub for settlements and currency exchange.
Businesses can build their smart contracts on Bitshares and get all the benefits the DEX has to offer in powering those contracts.
So when it comes to identifying what Bitshares is.. it is clear to me that we have product that is a DEX... that serves as a great DEMO of just one thing that can run on the bitshares blockchain.
What we need now is for those who are traders and those wanting to focus in that space to do so.
For the rest of what bitshares has to offer.. I would say we need to start identifying the most obvious verticals that will serve specific businesses and get those businesses building their apps on Bitshares.
Anyways.. my +5% :)
Some interesting perspectives. I'm not sure I agree with a focus on businesses though. Perhaps it will work out that way, but IMO if we can build a product that appeals to a broader audience it could go viral. That's easier said than done of course. From the recent feedback offered here on the forum from people new to BitShares we don't seem to have a clue how to identify and adddress the needs of a customer base. I am here b/c of the vision, which is NOT plasma or Identibit or anything like that. I am here for decentralization, disruption and unsensored DNS. I am here b/c I realize the HUGE potential of blockchain tech to achieve those goals, to lay down the pavement to the Financial Superhighway, not some walled off, segregated, limited version of it. The free market baby, that's where the focus AND payout will be. That's the audience we need to connect with.
I find myself swayed by Andreaus Antonopoulus' analogy comparing the evolution of the Internet and blockchain tech. He equates efforts like plasma and private blockchains with companies like AOL & CompuServe, trying to offer their proprietary email, their walled off services to their customers. But they couldn't keep up with the innovation of the free market, freedom loving public Internet. When the Internet naturally evolved those same customers realized their isolated, "quarantined" / proprietary environment was inferior in almost every way to the open Internet. Why would they continue to pay for AOL or CompuServe email when they can get better and more numerous choices elsewhere for free? And just where are those companies today?
I can certainly see the value for companies in utilizing blockchain tech to improve their internal efficiency and reduce costs, and I can also see there may be a business opportunity to help companies employ blockchain tech, BUT THAT IS SO FAR FROM THE VISION AND MISSION OF BITSHARES TO EMPOWER INDIVIDUALS AND PROVIDE FINANCIAL FREEDOM TO FINANCIAL MARKETS I don't think it should be the focus of BitShares. CNX may see that as a viable way to make money, but how has that worked out so far? What horde of businesses are beating down the doors at CNX to help them implement their very own version of the blockchain? Like I said I can imagine there may be a business opportunity in that space but I don't see it as a sure thing. The current track record seems to indicate the opposite.
What horde of businesses are beating down the doors at CNX to help them implement their very own version of the blockchain? Like I said I can imagine there may be a business opportunity in that space but I don't see it as a sure thing. The current track record seems to indicate the opposite.
Numerous times such discussion starts with good point and then dissolves in brainstorming fashion.
One thing is obvious from the very beginning, this project lacks clear objective.
It is problem of a leadership. I have to admit that BM critics have proved its point.
Good leader would know one thing. He must become entrepreneur first. With all possibilities he might dream of he need at least one practical thing that is working to prove his point. To himself and to others. In such a way he build his momentum, his self confidence and his courage to persist in chasing his dreams no matter what. Henry Ford has dreamed about horseless carriage. Then he put all his knowledge and talent in to building one. It took him two years for finishing his first working prototype. With money and credibility he earned he build Ford Motor Company.
I think our problem is that Bitshare is internal combustion engine for BMs horseless carriage. Although critical component, without it horseless carriage surely couldn't exist as such, it is not a point of a dream. So what is our horseless carriage. Is it decentralized exchange for Bishares. It may be.
All things that we enjoy in our modern life, from electricity that drives it to this very forum, was ones a dream in someones head.
Difference is that someone put it for people to see, feel and enjoy benefits of using it.
The DEX is horseless carriage... it was perhaps a few months ago during a hangout that BM did bring up that the original goal of bitshares.. like the VERY beginning it was created.. was in response to MtGOX... they wanted to create a decentralized exchange where nobody would have to ever worry again about that happening. Back then it was also believed that bitcoin would never be regulated.. and therefore it would be open to such messes like that happening all the time.
He then went on to talk about how since then it is not as much of a concern now as it used to be. The government regulating bitcoin was unexpected.. and therefore now causes exchanges to be more accountable and having to follow certain government oversight.
So to continue with your comparison.. it is as though they set out to create the horseless carriage.. and came up with one about 10 years to late. Not quite the right fit comparison.. but you get the idea... certain assumptions that were made from the beginning turned out to go in another direction.
So fast forward to today and you see people wondering why people are not swarming to the DEX.. we call it an identiy crisis because where we began now while it does have a unique value proposition.. the pain that we were originally designed to solve is no longer present due to the market changes. The gains we offer are not high on the priorities of that customer segment.. but the task of trading that the exchange accomplishes it does it well.
So where does that leave us now? He tried to suggest i the same hangout that at potential target market we should look at might be freedom lovers as a niche that might be responsive to having an open ledger.
What I think now is we have a DEX.. and yes.. there are other markets that can be served by it.. however I think bitshares overall future is really as a business blockchain platform.
The DEX can serve as a hub for settlements and currency exchange.
Businesses can build their smart contracts on Bitshares and get all the benefits the DEX has to offer in powering those contracts.
So when it comes to identifying what Bitshares is.. it is clear to me that we have product that is a DEX... that serves as a great DEMO of just one thing that can run on the bitshares blockchain.
What we need now is for those who are traders and those wanting to focus in that space to do so.
For the rest of what bitshares has to offer.. I would say we need to start identifying the most obvious verticals that will serve specific businesses and get those businesses building their apps on Bitshares.
Anyways.. my +5% :)
Yes. I made the same case at the Shanghai Blockchain Summit last fall and even in the original concept of a SuperDAC. A DEX is a really good thing to have as part of the infrastructure of a digital business platform. Like a bank as one of the anchor stores in a shopping mall. BitShares offers an ecosystem with low economic friction in which businesses offering new products and services can thrive. We need to market our platform services to businesses who in turn market their products and services to specific consumers.
Numerous times such discussion starts with good point and then dissolves in brainstorming fashion.
One thing is obvious from the very beginning, this project lacks clear objective.
It is problem of a leadership. I have to admit that BM critics have proved its point.
Good leader would know one thing. He must become entrepreneur first. With all possibilities he might dream of he need at least one practical thing that is working to prove his point. To himself and to others. In such a way he build his momentum, his self confidence and his courage to persist in chasing his dreams no matter what. Henry Ford has dreamed about horseless carriage. Then he put all his knowledge and talent in to building one. It took him two years for finishing his first working prototype. With money and credibility he earned he build Ford Motor Company.
I think our problem is that Bitshare is internal combustion engine for BMs horseless carriage. Although critical component, without it horseless carriage surely couldn't exist as such, it is not a point of a dream. So what is our horseless carriage. Is it decentralized exchange for Bishares. It may be.
All things that we enjoy in our modern life, from electricity that drives it to this very forum, was ones a dream in someones head.
Difference is that someone put it for people to see, feel and enjoy benefits of using it.
The DEX is horseless carriage... it was perhaps a few months ago during a hangout that BM did bring up that the original goal of bitshares.. like the VERY beginning it was created.. was in response to MtGOX... they wanted to create a decentralized exchange where nobody would have to ever worry again about that happening. Back then it was also believed that bitcoin would never be regulated.. and therefore it would be open to such messes like that happening all the time.
He then went on to talk about how since then it is not as much of a concern now as it used to be. The government regulating bitcoin was unexpected.. and therefore now causes exchanges to be more accountable and having to follow certain government oversight.
So to continue with your comparison.. it is as though they set out to create the horseless carriage.. and came up with one about 10 years to late. Not quite the right fit comparison.. but you get the idea... certain assumptions that were made from the beginning turned out to go in another direction.
So fast forward to today and you see people wondering why people are not swarming to the DEX.. we call it an identiy crisis because where we began now while it does have a unique value proposition.. the pain that we were originally designed to solve is no longer present due to the market changes. The gains we offer are not high on the priorities of that customer segment.. but the task of trading that the exchange accomplishes it does it well.
So where does that leave us now? He tried to suggest i the same hangout that at potential target market we should look at might be freedom lovers as a niche that might be responsive to having an open ledger.
What I think now is we have a DEX.. and yes.. there are other markets that can be served by it.. however I think bitshares overall future is really as a business blockchain platform.
The DEX can serve as a hub for settlements and currency exchange.
Businesses can build their smart contracts on Bitshares and get all the benefits the DEX has to offer in powering those contracts.
So when it comes to identifying what Bitshares is.. it is clear to me that we have product that is a DEX... that serves as a great DEMO of just one thing that can run on the bitshares blockchain.
What we need now is for those who are traders and those wanting to focus in that space to do so.
For the rest of what bitshares has to offer.. I would say we need to start identifying the most obvious verticals that will serve specific businesses and get those businesses building their apps on Bitshares.
Anyways.. my +5% :)
Numerous times such discussion starts with good point and then dissolves in brainstorming fashion.
One thing is obvious from the very beginning, this project lacks clear objective.
It is problem of a leadership. I have to admit that BM critics have proved its point.
Good leader would know one thing. He must become entrepreneur first. With all possibilities he might dream of he need at least one practical thing that is working to prove his point. To himself and to others. In such a way he build his momentum, his self confidence and his courage to persist in chasing his dreams no matter what. Henry Ford has dreamed about horseless carriage. Then he put all his knowledge and talent in to building one. It took him two years for finishing his first working prototype. With money and credibility he earned he build Ford Motor Company.
I think our problem is that Bitshare is internal combustion engine for BMs horseless carriage. Although critical component, without it horseless carriage surely couldn't exist as such, it is not a point of a dream. So what is our horseless carriage. Is it decentralized exchange for Bishares. It may be.
All things that we enjoy in our modern life, from electricity that drives it to this very forum, was ones a dream in someones head.
Difference is that someone put it for people to see, feel and enjoy benefits of using it.
The DEX is horseless carriage... it was perhaps a few months ago during a hangout that BM did bring up that the original goal of bitshares.. like the VERY beginning it was created.. was in response to MtGOX... they wanted to create a decentralized exchange where nobody would have to ever worry again about that happening. Back then it was also believed that bitcoin would never be regulated.. and therefore it would be open to such messes like that happening all the time.
He then went on to talk about how since then it is not as much of a concern now as it used to be. The government regulating bitcoin was unexpected.. and therefore now causes exchanges to be more accountable and having to follow certain government oversight.
So to continue with your comparison.. it is as though they set out to create the horseless carriage.. and came up with one about 10 years to late. Not quite the right fit comparison.. but you get the idea... certain assumptions that were made from the beginning turned out to go in another direction.
So fast forward to today and you see people wondering why people are not swarming to the DEX.. we call it an identiy crisis because where we began now while it does have a unique value proposition.. the pain that we were originally designed to solve is no longer present due to the market changes. The gains we offer are not high on the priorities of that customer segment.. but the task of trading that the exchange accomplishes it does it well.
So where does that leave us now? He tried to suggest i the same hangout that at potential target market we should look at might be freedom lovers as a niche that might be responsive to having an open ledger.
What I think now is we have a DEX.. and yes.. there are other markets that can be served by it.. however I think bitshares overall future is really as a business blockchain platform.
The DEX can serve as a hub for settlements and currency exchange.
Businesses can build their smart contracts on Bitshares and get all the benefits the DEX has to offer in powering those contracts.
So when it comes to identifying what Bitshares is.. it is clear to me that we have product that is a DEX... that serves as a great DEMO of just one thing that can run on the bitshares blockchain.
What we need now is for those who are traders and those wanting to focus in that space to do so.
For the rest of what bitshares has to offer.. I would say we need to start identifying the most obvious verticals that will serve specific businesses and get those businesses building their apps on Bitshares.
Anyways.. my +5% :)
Regards the DEX, as it doesn't allow people to deposit/withdraw alts 1-1 it hasn't really had the opportunity to compete with a CEX. As a platform due to the nature of crypto/open source, many features such as speed/other will be fairly indistinguishable to people outside crypto from one platform (NXT/BTS) to another, so it would come down to which platform is marketed the best, we can all agree BTS is not/unlikely to be the strongest in the room in terms of marketing.
Imo the horseless carriage is and has always been BitAssets and they've been designed at a time when horses (the banks) are about to be wiped out by the plague. The question is whether we can be the Henry Ford of Crypto and package them in such a way as they're accessible & attractive to millions of people.
Personally I think BTS is on the cusp of greatness, by making BitAssets attractive through offering yield and a $0.99-$1.01 range. (All self funding during the multi year growth/adoption phase of BitAssets.)
By focusing on that first you'll gain utility as merchants & businesses will want to serve that market and potentially be based on your platform to do it or even to use BitAssets themselves.
Bitshares needs to attract 2 types of people. Investors and Users
Investors
We need to attract people who like me saw BTS as a good investment. Not day traders trying to make a quick buck.
We need them to increase the price of BTS market cap which benefits all aspects of the bitshares system.
Users
These are people who want to use the exchange but not necessarily buy BTS. This will grow our network effect and therefore our marketcap.
I would say there are 2 types of users.
1. Asset creators like Maker or BANX who want their asset as a native BTS token. (the most important and hugely positive for network effect)
2. Traders
Bitshares is the Linux of Finance.
What horde of businesses are beating down the doors at CNX to help them implement their very own version of the blockchain? Like I said I can imagine there may be a business opportunity in that space but I don't see it as a sure thing. The current track record seems to indicate the opposite.
Actually, you might be surprised. :)
-Thom Sorry you didn't connect the dots there... it was an attempt to educate you on what the landscape of business means today... we are in a new paradigm shift and Bitshares is poised to catch the wave. That study not only debunks a lot of bad steriotypes, but it also identified that the future sees more and more BUSINESSES coming into being. From what you write you seem to equate this only to CORPORATIONS. I said businesses.. that means anybody with a dream and the gumption to create something. Where do all those BUSINESS in crypto go today? Right now seems they are going to Ethereum... they have the messaging of 'build on our platform' pretty clear.. never mind the semantics of turing complete or whatever.. they will go where they are welcome and they believe their dreams will grow.
What horde of businesses are beating down the doors at CNX to help them implement their very own version of the blockchain? Like I said I can imagine there may be a business opportunity in that space but I don't see it as a sure thing. The current track record seems to indicate the opposite.
Actually, you might be surprised. :)
...if I'm actually surprised, that'd be surprising. Here's to hoping a nice surprise awaits us I guess. We're overdue for a nice surprise.
Am I the only one noticing the subtle hint at something huge here? Or am I reading too far into Stan's vague wordplay? ???
What horde of businesses are beating down the doors at CNX to help them implement their very own version of the blockchain? Like I said I can imagine there may be a business opportunity in that space but I don't see it as a sure thing. The current track record seems to indicate the opposite.
Actually, you might be surprised. :)
...if I'm actually surprised, that'd be surprising. Here's to hoping a nice surprise awaits us I guess. We're overdue for a nice surprise.
Am I the only one noticing the subtle hint at something huge here? Or am I reading too far into Stan's vague wordplay? ???
This is typical Stan - don't stare too long at his words or you may fall into a trance. Your words indicate a healthy skepticism, yet also indicate you're hopeful for the positive outcome Stan infers but fails to provide solid evidence of. If it's real it will happen. If not this is just positivehopehype. Time will tell, b/c Stan may not be able to yet.
Bitshares is the Linux of Finance. Powering the Fin-Tech technologies of tomorrow. Giving investors and entrepreneurs alike a new way to achieve their financial initiatives and investment goals without the hassles of yesterday's banking technologies. Now creating assets, trading, banking and other activities can be achieved... etc etcActually ... Ethereum compares better to Linux .. as it offers a "Kernel" to deploy user-space applications
Key here is the first two sentences. My take as an entrepreneur. Lets not try to market like everyone else. Lets be ourself. Just my two $ense.
BitShares is more like Apple, we've invented the "mouse" (read: dex) and have the GUI running smoothly (with 3 seconds blocks) and a bunch of other potential apps already running on our (RISC) CPU ..
Oh .. wasn't sure about the mouse thing .. thanks for the info!BitShares is more like Apple, we've invented the "mouse" (read: dex) and have the GUI running smoothly (with 3 seconds blocks) and a bunch of other potential apps already running on our (RISC) CPU ..
Nope. Xerox came up with the first 'mouse'. Bitshares is more like the early versions of Microsoft.
BitShares offers an ecosystem with low economic friction in which businesses offering new products and services can thrive. We need to market our platform services to businesses who in turn market their products and services to specific consumers.
Bitshares is the Linux of Finance.
BitShares is more like Apple