0 Members and 1 Guest are viewing this topic.
Offer the gateway delegate pay on the condition they use it give discounts to users to make use of their new BitShares features, for a limited time, such as 1 year.
Quote from: Rune on December 29, 2014, 12:37:28 pmQuote from: Gentso1 on December 29, 2014, 12:34:00 pmJust a quick thought but I am not seeing the angle here?A exchange votes it's own delegate into power via our coins that it is holding. They then get to keep said funds free and clear. How can we stop them from doing this or get them to use the funds for something other then a bigger profit margin?lol the soy sauce thing is gold BTC38 will hopefully be the only centralized exchange that ever trades BTS at any real volume. Wallets like coinbase/circle will be pitched bitassets, exchanges will be pitched gateways. Our priority should always be to have bitshares private keys are under direct control of the shareholders.I'm not sure if that's the way to go, more exchanges trading BTS helps project from black swans as the feed price is the average of all the exchanges, so more exchanges = harder to crash BTS on all of them. Plus its good just to have BTS available for purchase easily on as many places as possible, though maybe I haven't fully understood the benefits of being a gateway.
Quote from: Gentso1 on December 29, 2014, 12:34:00 pmJust a quick thought but I am not seeing the angle here?A exchange votes it's own delegate into power via our coins that it is holding. They then get to keep said funds free and clear. How can we stop them from doing this or get them to use the funds for something other then a bigger profit margin?lol the soy sauce thing is gold BTC38 will hopefully be the only centralized exchange that ever trades BTS at any real volume. Wallets like coinbase/circle will be pitched bitassets, exchanges will be pitched gateways. Our priority should always be to have bitshares private keys are under direct control of the shareholders.
Just a quick thought but I am not seeing the angle here?A exchange votes it's own delegate into power via our coins that it is holding. They then get to keep said funds free and clear. How can we stop them from doing this or get them to use the funds for something other then a bigger profit margin?lol the soy sauce thing is gold
Quote from: fuzzy on December 29, 2014, 03:01:04 amQuote from: btswildpig on December 29, 2014, 02:42:38 amI'm here to get some soy sauce . Lol...I have no clue what that means, but that might make it even funnier.Some actress got their naked sex picture taken by an actor and spread publicly . The Chinese TV interviewed several passerby : How do you feel about this news event ?One guy said : Hell , what do I have to do with it ? I'm just come to the store to get some soy sauce . (Literally, he was getting soy sauce) .So, the phrase is to describe those who doesn't want to express their idea at this point , but just here to observe .
Quote from: btswildpig on December 29, 2014, 02:42:38 amI'm here to get some soy sauce . Lol...I have no clue what that means, but that might make it even funnier.
I'm here to get some soy sauce .
What if we as a community decided to set aside perhaps twenty or so 100% delegates "on Contract" to receive 100% delegate pay for up to a full year for opening up fiat Gateways (like BTC38 did) and meeting certain metrics we write. I am NOT certain all of the details to how this would be done, but watching BTC38 have a delegate paid for and also noting their willingness to use bitCNY as though it is "real" CNY has really gotten me thinking about this...Thoughts? Please try to make them constructive!
I agree with with your idea, but I think the most efficient advertiser for nullstreet would be bitshares (rather than random, possibly competing products). So it would still make sense to have a delegate to fund it I think.
QuoteHell nullstreet might not even need a delegate at that point because they could essentially monetize the bitshares-centric news site that method had already set Nullstreet up to become.How would you monetise this without a delegate?
Hell nullstreet might not even need a delegate at that point because they could essentially monetize the bitshares-centric news site that method had already set Nullstreet up to become.
Quote from: Rune on December 29, 2014, 12:24:30 amPerhaps in the future is should become a smart contract of some kind that is controlled by several people. If the amount of people controlling it is large enough then it will be difficult to communicate secretly and thus conspire.Very good point. Smart contracts at present are out of the equation though.Hmm...the more I think about this...who better tha oir own community to represent us? We can set a couple delegates aside to form a sort of insurance pool that can be paid out to those who whistleblow on, for instance, an exchange who is not doing what we laid out in the terms. Let them get paid out anyway for their honesty (or something to that effect).So maybe the next step for this would be to list tje exchanges we should have in our crosshairs?
Perhaps in the future is should become a smart contract of some kind that is controlled by several people. If the amount of people controlling it is large enough then it will be difficult to communicate secretly and thus conspire.
How is the btc38 delegate running? Is it one of their people or one of community members running it for them?How much do you think the marketcap would rise on bts if some of the top fiat gateways announced a bitUSD/bitEuro equivalent maneuver? I know for a fact bitstamp should be good as gold for something like this becaue they seem to rt a great many of my @beyond_bitcoin twitter poats aboit bitUSD. They seem ripe for the picking...or rather, ripe for integration.*edit* I read runes idea. I like the idea of people being representatives who can help negotiate deals and run the servers.However, my one concern would be the incentive to side with an exchange if a dispute should occur. What happens in this instance? Does it provide more of an incentive for the representatives to shed light on potential breaches of agreements? Or does it incentivize silence from the reps?
There are now several reputable bullion dealers who accept bitcoin for their wares (silver and gold coins and bars). For them to accept bitSILVER for silver coins and bitGOLD for gold coins seems like a very fertile opportunity.
A crazy, not-thought-out idea...What if gateways passed on part of their delegate pay to their customers as some kind of bonus, or interest? Would there be any economic incentive to do this? Would there be any economic incentive to not hire and/or fire gateways that do this? Would this be a good or bad or neutral thing for BTS holders?
Quote from: matt608 on December 28, 2014, 10:06:02 pmQuote from: fluxer555 on December 28, 2014, 09:56:02 pmWhat if gateways passed on part of their delegate pay to their customers as some kind of bonus, or interest? Would there be any economic incentive to do this? Would there be any economic incentive to not hire and/or fire gateways that do this? Would this be a good or bad or neutral thing for BTS holders?Yes, that's the way to do it.Offer the gateway delegate pay on the condition they use it give discounts to users to make use of their new BitShares features, for a limited time, such as 1 year.Should only be done for really big serious gateways such as bitstamp or coinbase, maybe kraken. Smaller gateways could be grouped?The problem is ensuring the gateway keeps the delegate position. If there was a way to 'lock in' a vote for certain time period then deals like this could be made a lot more easily.You are hopefully aware that with BTC38 share power, say could easily grab a delegate seat or more?
Quote from: fluxer555 on December 28, 2014, 09:56:02 pmWhat if gateways passed on part of their delegate pay to their customers as some kind of bonus, or interest? Would there be any economic incentive to do this? Would there be any economic incentive to not hire and/or fire gateways that do this? Would this be a good or bad or neutral thing for BTS holders?Yes, that's the way to do it.Offer the gateway delegate pay on the condition they use it give discounts to users to make use of their new BitShares features, for a limited time, such as 1 year.Should only be done for really big serious gateways such as bitstamp or coinbase, maybe kraken. Smaller gateways could be grouped?The problem is ensuring the gateway keeps the delegate position. If there was a way to 'lock in' a vote for certain time period then deals like this could be made a lot more easily.
What if gateways passed on part of their delegate pay to their customers as some kind of bonus, or interest? Would there be any economic incentive to do this? Would there be any economic incentive to not hire and/or fire gateways that do this? Would this be a good or bad or neutral thing for BTS holders?
I would like to see a localbitcoins style site for bitshares so to make it easy for any individual to act as an on/off ramp. All you need is a bank account to participate. (not even that, if your trading locally)I'm not sure its necessary to pay someone to operate a Gateway, as the gateway should be able to make its own income/ provide its own incentives to run it.
Quote from: fuzzy on December 28, 2014, 09:43:24 pmQuote from: Xeldal on December 28, 2014, 09:35:22 pmI would like to see a localbitcoins style site for bitshares so to make it easy for any individual to act as an on/off ramp. All you need is a bank account to participate. (not even that, if your trading locally)I'm not sure its necessary to pay someone to operate a Gateway, as the gateway should be able to make its own income/ provide its own incentives to run it.The only problem I see is that competitors like Nubits and Ripple offer something of immediate value because they are more centralized. NuShares holders can just create a bunch of nubits and give them to gateways, Ripple's founders have so many XRP and power over who controls the network that they can offer other great incentives. How do we compete?We don't!Do you really want to pay someone to get BTS on his service? We could pay the integration but this would end with it. Why should i pay the Gateway for BTS and the Gateway will also collect money from us?
Quote from: Xeldal on December 28, 2014, 09:35:22 pmI would like to see a localbitcoins style site for bitshares so to make it easy for any individual to act as an on/off ramp. All you need is a bank account to participate. (not even that, if your trading locally)I'm not sure its necessary to pay someone to operate a Gateway, as the gateway should be able to make its own income/ provide its own incentives to run it.The only problem I see is that competitors like Nubits and Ripple offer something of immediate value because they are more centralized. NuShares holders can just create a bunch of nubits and give them to gateways, Ripple's founders have so many XRP and power over who controls the network that they can offer other great incentives. How do we compete?