136
General Discussion / Re: Getting caught up
« on: May 09, 2015, 08:50:20 am »
Die Hard: BitShares
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137
General Discussion / Re: ALL TIME LOW .
« on: April 30, 2015, 10:24:40 am »
Normally I don't speculate shortterm because I'm terrible at this but this time I do believe we hit the bottom. BitShares is worth slightly less than Nxt at the moment, that should seem like a realistic valuation to outsiders. If selling continues I would expect to see new buyers incoming.
I hope I'm not terribly mistaken for once
I hope I'm not terribly mistaken for once
138
General Discussion / Re: Coinmarketcap 8th place Bitshares 8,5m
« on: April 29, 2015, 10:23:13 pm »BTC is even bigger disappointment than BTS. It's failure reflects on all altcoin projects.
And now it's super hard to raise money for such cool projects like Moonstone. Alas, just a half and a year ago people were giving away 100+ BTC to scammers at BTT and now they can't spare a few for a killer wallet, wth.
I think it was a big mistake to go +15% on BTS instead of going +15% on bitUSD. That would have been the perfect opportunity to attract more Bitcoin guys to BitShares. But with such a BTS downtrend no one cares about +15%, except BTS bulls which are mostly out of fiat already. Maybe we have been to greedy to want +15% on our BTS.
Maybe they can still add a bitUSD option and market to bitcoin users. It would be a much needed signal to see some money flowing into moonstone.
139
General Discussion / Re: Current plans on delegate pay?
« on: April 25, 2015, 11:22:25 pm »1. There is no relation between pay and actual value being delivered.
In a certain way there is. Shareholders are the judges and accordingly adjust payrate.
And imo there is no way overall value to the ecosystem can be mathematically measured. In particular referrals are an insufficient metric as stated earlier. Hence the best way to adjust payrate according to performance is by a panel of judges that are incentivized to be honest, which is what we currently have.
2. Democratic vote is not a good system to know what to invest in...governments are reknown for being terrible investors.
This is a vote per share system, that has nothing to do with democracy.
140
General Discussion / Re: Current plans on delegate pay?
« on: April 25, 2015, 06:02:27 pm »
I agree that the current delegate pay system may not be ideal but imo the new approach seems to be a lot worse.
1. I still don't understand how companys would be incentivized to hire core devs.
2. How are you supposed to raise money with refferals before there is a finished product?
3. The stakeholders give up direct control of what gets funded. There are most likely projects which are very beneficial to fund for BitShares as whole but can not be sufficiently monetized with referrals. (similar to point 1, but more general) Said differently, refferals aren't a perfect metric for overall userfulness. It is also about pleasing long time users, security and overall service quality.
4. This depends on the implementation of the referral system but I see the following danger: As long as the ecosystem expands everything is fine but once the stream of new users stagnates the whole system collapses.
I remember Bytemaster said in the hangout something that the people making transactions should be the ones paying for the service and not stakeholders. Ultimately this is right, but I do think that stakeholders have a certain buffer role. There are times where expenses are going to exceed income, and yet it is necessary to spend those funds. Currently we are in this situation. If we had to cover all delegate pay with TX fees, they would be so high that no one would use BTS anyway.
I may be alone with this opinion but I still think that efficient, sustainable funding through dilution is a great idea and gives us an advantage over all the other crypto projects out there. For now growth is far more important than some percent stake. And once BitShares reaches a substantial size, and tx fees get adjusted we might be able to become deflationary.
1. I still don't understand how companys would be incentivized to hire core devs.
2. How are you supposed to raise money with refferals before there is a finished product?
3. The stakeholders give up direct control of what gets funded. There are most likely projects which are very beneficial to fund for BitShares as whole but can not be sufficiently monetized with referrals. (similar to point 1, but more general) Said differently, refferals aren't a perfect metric for overall userfulness. It is also about pleasing long time users, security and overall service quality.
4. This depends on the implementation of the referral system but I see the following danger: As long as the ecosystem expands everything is fine but once the stream of new users stagnates the whole system collapses.
I remember Bytemaster said in the hangout something that the people making transactions should be the ones paying for the service and not stakeholders. Ultimately this is right, but I do think that stakeholders have a certain buffer role. There are times where expenses are going to exceed income, and yet it is necessary to spend those funds. Currently we are in this situation. If we had to cover all delegate pay with TX fees, they would be so high that no one would use BTS anyway.
I may be alone with this opinion but I still think that efficient, sustainable funding through dilution is a great idea and gives us an advantage over all the other crypto projects out there. For now growth is far more important than some percent stake. And once BitShares reaches a substantial size, and tx fees get adjusted we might be able to become deflationary.
141
General Discussion / Re: PayPal - Copyright to your content if you use them
« on: April 25, 2015, 10:40:20 am »
Haha this is so ridiculous.
Just imagine a meeting at paypal where someone is like "Hey, we should just get all intellectual property rights to pretty much everything that has to do with us." And everyone is like "Yep, yep that sounds good, let's do it. Wonder why no one had that idea earlier."
Just imagine a meeting at paypal where someone is like "Hey, we should just get all intellectual property rights to pretty much everything that has to do with us." And everyone is like "Yep, yep that sounds good, let's do it. Wonder why no one had that idea earlier."
142
General Discussion / Re: You should contact Blythe Masters
« on: April 22, 2015, 09:50:11 pm »
Blythe Masters
Illuminati confirmed.
Illuminati confirmed.
143
General Discussion / Re: BitShares Community News - The Nullstreet Journal - Volume 0.3
« on: April 19, 2015, 08:26:46 pm »Stans humor is hilarious ..
awesome stuff in the pipeline
Yes, Stans editorial is great.
Always makes me optimistic to see how many efforts are made to expand this ecosystem. We just need a little bit more time.
144
General Discussion / Re: BTC38 start to release statistics regarding BTS trading
« on: April 15, 2015, 09:05:03 pm »Holy hell, someone's actually holding 9.28 million BTS on a third party exchange?? They're practically begging to get it stolen from them...
If they aren't in your wallet, they aren't your BitShares. How can people not see this?
It's absolutely crazy. And that are people who invest in crypto and are thus generally more sensitive to the risks than the average person. I fear it will be extremely though selling decentralized products to the masses.
145
Stakeholder Proposals / Re: Bitshares Killer App Delegate: Sollywood.Sollars-com
« on: April 15, 2015, 10:00:01 am »
Voted.
146
General Discussion / Re: BitShares?bitshares ? bitShares ?
« on: April 14, 2015, 07:02:04 pm »I don't always spell it correctly but when I do it's BitShares.
Good to hear, that is also my favourite.It just looks the best imo.
147
General Discussion / Re: Take a look - to something it will happen on BitShares
« on: April 14, 2015, 06:34:35 pm »
Very cool indeed.
We could definitely use more high quality videos like this one to promote the ecosystem.
We could definitely use more high quality videos like this one to promote the ecosystem.
148
General Discussion / Re: Why BitShares isn't Taking off and What we are doing about it.
« on: April 12, 2015, 09:20:21 am »This year we will go further beyond today's BitShares than BitShares is beyond Bitcoin.
(It's not like we have only two years' worth of innovation in us, you know.)
We are just getting started.
Haha, I love this posts. In all seriousness though, innovation was never our problem. Maybe we had a bit too much innovation to handle all at once.
Regarding the OP I'm not sure that this is the right approach. To me a referral system is the attempt to sell a barely usable product to people who will never use it. It will artificially pump the price in the short term but are we really that desperate?
To illustrate my point: Imagine a salesman showed up at your doorstep and tried to sell you a new concept car that you can't even drive yourself. Would you buy it? Would you buy stocks in the company? Or would you just wait a year until this thing goes into production?
IMO there is only one way out of this situation: deliver a usable product and user experience. It won't be an easy path to go, but it is the only sustainable solution. If we succeed to do that we can start promoting our product.
149
General Discussion / Re: Shuffle Bounty $200 BitUSD
« on: April 07, 2015, 04:11:07 pm »(...) it means that you require |n - m| >= N/2 = 101/2 = 50.5?
I understood it the same way at the beginning and came to the same conclusion - it's impossible to make the shuffling random this way.
However, I think BM meant the word "distance" this way: If a delegate X has index i in the previous order and index j in the next order, then | (n - i) + j | >= n/2. Imagine it as 2 sequences one after another and there should be a gap of n/2 other delegates before X can go again.
0 ->{0, 100}
1 ->{0, 100}
...
50 ->{0, 100}
51 ->{1, 100}
...
99 ->{49, 100}
100 ->{50, 100}
Not sure that this would be correct. New position 1 could be the same as old 100. (But maybe I misunderstood that notation)
I would do the following: swap the following positions:
i <-> pseudo_random{i, min(i+N/2,N-1)}
for all i in the old delegate array.
That should work in linear time and in place.
I'm not sure though whether every legal permutation is selected equally likely.
150
Deutsch (German) / Re: BTSwolf.com Osteraktion
« on: April 06, 2015, 08:51:21 pm »Haha .. coole Nummer .. war leider net da sonst hätte ich wenigstens mal gebumpt
War wohl leider nicht viel los hier über die Feiertage. Trotzdem tolle Sache,
