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Messages - roadscape

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901
General Discussion / Re: DPOS thought
« on: October 05, 2014, 10:53:49 pm »
Quote from: Empirical1.1 on October 05, 2014, 03:09:44 pm
So now you have a case for BTSX the DAC and BTSX the money imo.

You have it backwards, BTSX is the product, and bitAssets are the moneys. BTSX is shares in a bank, it's not trying to be a currency.

Here's what Dan says:

Quote from: bytemaster on October 03, 2014, 09:30:18 pm
Quote from: toast on October 03, 2014, 09:26:38 pm
Thw problem with concrete limits on dilutions is that there already are: there's no dilution. Our ability to set social consensus disappears forever if we dilute btsx.

Yes.. this is why we don't want to inflate and are actively working on alternatives.

Quote from: bytemaster on October 05, 2014, 03:08:26 pm
Any decision will be shareholder approved and capped.  There is a difference between desperate and seeing an opportunity that is beyond our current means. 
...
You don't see shareholders of other companies voting to dilute unless it is going to grow or save the business. 
Once again I fear we are letting the currency metaphor cloud our thinking.   
If you want a dilution proof asset then go with gold or silver.
...
I started this thread not because of desperation, but because it is a serious issue that need discussed. 
I am reading this thread a fully sympathies with both sides of the debate.

You're suggesting DAs because you are concerned that DACs like BTSX could change their underlying rules unfavorably in the future. That's the premise of the thread. Is that fair to say?

902
General Discussion / Re: Bitcoin at $330 ?
« on: October 05, 2014, 09:50:51 pm »
This article is sensationalized, but at least it reminds us that these centralized and unregulated exchanges can easily trade with coins that they don't actually own.

Fake Chinese Bitcoins Are Commonplace At Chinese Exchanges Evidence Shows

903
General Discussion / Re: NuBits
« on: October 05, 2014, 09:34:57 pm »
Quote from: Ander on October 05, 2014, 08:20:43 pm
Its not fake volume.  Its probably done by bots but the trades are real and bter is getting .2% of them.  Looks like bter has got a couple thousand dollars worth of nubits this morning.  Good for them, help them recover from that NXT hack.

This is the kind of volume we want to see in bitUSD.  Right now Nubits is being used far more than us.

I heard that organizations will sometimes make deals w/ exchanges for free trading. Not sure if that's the case with NuBits.

904
General Discussion / Re: "September" Newsletter (call for content)
« on: October 05, 2014, 03:58:51 am »
Quote from: Stan on October 05, 2014, 02:09:57 am
Ok, here's my crude rough draft Newsletter (hours before my September 35th deadline).

https://drive.google.com/file/d/0B9Rmp4NraeAySHVFckZkUlpFSEU/view?usp=sharing

Very pleasant read!

905
Meta / Re: We need a way to up/down vote posts
« on: October 04, 2014, 11:53:01 pm »
I don't browse via subforums because there's too many and I'm interested in most of them.
I was using this page to keep up, but it's been filling up quickly as of late!

Perhaps a simple 5-star rating system like this forum uses would make it easier for a user to catch up on what they missed?

906
General Discussion / Re: Is it time to close the curtains?
« on: October 04, 2014, 05:14:50 am »
I had a similar thought earlier. But this transparency is useful while BTS is so young. The community here is one of the main reasons I've been sold on the vision. The sites are nice and the wiki is useful, but the idea exchange here is amazing.

e: clarity
e2: I retract the pay board comment

907
General Discussion / Re: Reddit showing interest in launching a cryptocurrency...
« on: October 03, 2014, 10:56:51 pm »
They don't know what they want yet, it sounds like.

http://altcoinpress.com/2014/10/why-reddit-may-not-issue-coin-on-top-of-bitcoin-and-why-its-not-bad-news/

Quote
One of the main reasons for issuing a colored coin over a centrally-controlled asset is decentralization. Having said that, decentralization does not really matter when it comes to tokens backed by centrally-controlled assets. There is not much of a need (or possibility) for censorship-resistance when issuing shares in a legal, regulated company.

US Government Won’t Allow Decentralized Reddit Coin
The real problem associated with issuing a colored coin backed by a real world asset on top of Bitcoin is that the US Government won’t let it fly.

908
General Discussion / Re: How much is a new user worth?
« on: October 03, 2014, 09:23:07 pm »
The fixed supply is one of the main reasons I joined BTSX. It's hard for me to let go of that fact. That's why I agree that dilution could be a big PR issue.

I'd also be concerned about the value of my shares, but I feel confident about what bytemaster says regarding a net benefit.

It seems to me the only problem is the phycological (marketing) side. I could easily be sold on dilution if I knew the concrete limits.

909
General Discussion / Re: DAC Idea: Coin drop game
« on: October 03, 2014, 09:01:56 pm »
The coin drop is fun because the user gets to provide the single random seed. Everything that happens after the coin is dropped is theoretically predictable.

Is there a way to implement this concept in a better way? The issue with 2D or 3D is that one could simulate resulting movements and game the system.

910
General Discussion / Re: How much is a new user worth?
« on: October 03, 2014, 08:03:51 pm »
Quote from: Ander on October 03, 2014, 07:33:28 pm
Quote from: OldMan on October 03, 2014, 06:54:33 pm
Finally, at no point can the supply of BTSX exceed 2B shares. Do not inflate and do not mess with the burn.

Inflation in some form may be rationalized on a theoretical level, but the PR nightmare that may result would be catastrophic.

Sure, use some AGS funds to roll out a referral program. If timed right it will pay for itself.

But do not inflate.

This would be best.  Do everything we can to avoid putting the supply of BTSX over 2B shares.

Effectively, for every 1 BTSX burned we could create at most 1 BTSX for dilution purposes.

I like it. But the burn rate is probably too low for a useful dilution?

911
KeyID / Re: High-pay delegates for transparent faucets
« on: October 03, 2014, 06:32:07 pm »
Quote from: cube on October 03, 2014, 05:37:04 pm
I just setup a delegate bitcube with a faucet at the following URL:

http://bit.cubeconnex.com:5555

I am creating a new twitter, google and facebook accounts to facilitate this faucet.  The layout and design will be enhanced later.

I clicked on the Twitter link and got this:

Code: [Select]
Error: Failed to validate oauth signature and token
   at Strategy.parseErrorResponse (/root/keyid-faucet/node_modules/passport-twitter/lib/strategy.js:178:10)
   at Strategy.OAuthStrategy._createOAuthError (/root/keyid-faucet/node_modules/passport-twitter/node_modules/passport-oauth1/lib/strategy.js:349:16)
   at /root/keyid-faucet/node_modules/passport-twitter/node_modules/passport-oauth1/lib/strategy.js:218:41
   at /root/keyid-faucet/node_modules/passport-twitter/node_modules/passport-oauth1/node_modules/oauth/lib/oauth.js:543:17
   at passBackControl (/root/keyid-faucet/node_modules/passport-twitter/node_modules/passport-oauth1/node_modules/oauth/lib/oauth.js:397:13)
   at IncomingMessage.<anonymous> (/root/keyid-faucet/node_modules/passport-twitter/node_modules/passport-oauth1/node_modules/oauth/lib/oauth.js:409:9)
   at IncomingMessage.EventEmitter.emit (events.js:117:20)
   at _stream_readable.js:920:16
   at process._tickCallback (node.js:415:13)

912
General Discussion / Re: DAC Idea: Coin drop game
« on: October 03, 2014, 02:48:09 pm »
Heh. As a kid I loved these games. I built a mini coin drop machine using my lego kit so I could play to my heart's content.

I wonder if it's possible to do this in 2D to begin with?

913
General Discussion / Re: How much is a new user worth?
« on: October 02, 2014, 10:54:18 pm »
Quote from: MeTHoDx on October 02, 2014, 10:45:37 pm
Make it so each referrer pays for the referee to register his account name to the blockchain. This way, users won't have to come to the forums and request 0.5 BTSX be sent to their account so they can send funds over from Bter. The more problems you can solve at once, the better!

This is a great idea. Especially if you could generate referral codes w/ specific amounts to "donate" to the referred users. This would make giveaways a piece of cake (e.g. "get 5 bitUSD for signing up with this code").

914
General Discussion / Re: BitAssets on coinmarketcap main page
« on: October 02, 2014, 07:11:19 pm »
It might be a bit misleading if BitUSD was on the main page because the BTSX market cap includes it. I think this is why they decided to separate the assets.

When BitUSD becomes huge, maybe we could petition CMC to put it on the front page, and remove its market cap from BTSX's.

915
General Discussion / Re: Reddit showing interest in launching a cryptocurrency...
« on: October 01, 2014, 04:11:09 pm »
Quote from: donkeypong on October 01, 2014, 03:21:12 pm
The writer didn't even mention BitShares, so we didn't get tarred with the "scheme" brush he applied to Ethereum, Counterparty, and Mastercoin. I guess he hasn't bothered looking at the market values in about two months.

I've noticed this in several recent articles. How is it that BitShares is ignored so frequently? Usually when Counterparty and NXT are mentioned.

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