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Messages - Method-X

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16
Stakeholder Proposals / Re: Stealth Transfers Worker Proposal
« on: November 19, 2015, 04:34:21 am »
I disagree that anonymity the most important... The most important is as follows

1. Fees for trading updated per the worker proposal
2. Referral program for trading fees
3. API for 3rd party platforms and liquidity bots

We are a decentralized exchange. We have finally discovered what we are and what we are niche is.  Most people never get a chance to discover that much less exploit it... DON'T GET DISTRACTED!

Yeah, focus on the exchange first which will hopefully bring liquidity to a few key smartcoin markets. Stealth transfers are kind of useless if people are trapped in an illiquid market. I definitely think blinded transfers will be very important after some liquidity has been reached.

17
 +5% So much this.

18
General Discussion / Re: Reasons for Lowering Fees
« on: November 14, 2015, 04:58:55 pm »
Once the api is updated for use with 3rd party trading platforms, bts is going to rocket.  Stay focused on the exchange side. That is our niche, and a very lucrative niche at that.  Forget about competing with bitcoin for transaction scraps.

If we keep having this argument about lowering transfer fees, I'm guessing we will eventually try them out of pure annoyance.  Then we will see the price not go up at all and we will be sitting here with an ultra inflating blockchain.  Devs will disappear because of the lack of funding.  And we will have crushed all the businesses that are building models around the current structure.

Just have a little patience.

You have so many hopes. Do traders like high fees? Lower fee always generate low revenue? (If you say yes, you maybe skeptical about Black Friday's sales).
I'm trying to increase the value (or attractiveness) of BTS. Since I'm a active user (you can see my account page with many trade and transfer records), I have a right to say this.


1. Traders trade where their money is safest and the order execution is best.  Their are hundreds of ultra low spread brokers out there.  Most go out of business within 2-5 years because they can't do both things listed above well.  Plus bitshares is $.15 per transaction... That's nothing. Stop looking at it in bts terms where you think bts should be $1 per share.

2. Black Friday is similar to bait and switch... A low priced item is advertised to get you in the store where you will pay full price for 90% of all the other items you buy. Plus this low priced items is usually held in low stock.

3. Low fees MIGHT generate more revenue, but it definitely will lower our margins.  If low fees don't increase the transactions enough, we are dead in the water as we have just killed any business trying to build on our current fee structure.

Trying to break into a business field where the established competition already has razor thin margins is almost a guaranteed failure.  We need to focus on staying profitable and exploiting our niche market of decentralized trading.

 +5% This guy gets it.

19
General Discussion / Re: BitShares TL;DR. Explain in one line
« on: November 11, 2015, 11:49:52 pm »

Bitshares is a decentralized exchange for market pegged and user issued assets utilizing delegated proof of stake to secure the network.

 +5% Yup. /thread

20
My point is that having a lot of experiments going on at once is the only way to do well in this space. Google has a lot of experiments too, and the vast majority fail. Remember Google Wave?

Bitshares is not Google. It does not have the financial or intellectual capital of Google. When you have limited financial and intellectual capital, you must prioritize. Google did not start off with a million side projects - they did ONE THING really well and made enough money to acquire the intellectual capital necessary to do a million other things. Bitshares did the exact opposite of this.

21
Focusing on a million different projects at once is what killed bitshares. It would be very unwise to go back in that direction.

22
Stakeholder Proposals / Re: Worker Proposal Review
« on: November 10, 2015, 05:23:16 pm »

looks like its around 170k a year which puts the hourly at just above 80$ per hour...


Here, in Germany, I charge $90-$100 per hour for contracting work, and this seems pretty similiar to what BM is proposing. Keep in mind they're specialized in this field and experts. Hiring experts with lots of work experience usually comes with a markup.

You're too cheap if you're charging $60 per hour. Way too cheap.

Well, his company is called Freebie, LLC after all ;)

I would love to see some competition for these jobs though.

23
Could somebody add some info about this on the technology page on the website? This is so important that this absolutely should be promoted in there.

Anybody?

If it's not sure yet that this will be implemented when 2.0 comes out, a blog post might be better than technology page. But anyway, some kind of "official" statement/explanation would be great. There are lot of people who want anonymous cryptocurrencies so we need to get their attention.

I'd love to have site/post that I can link anytime there's discussion about anonymous cryptos.

As soon as there is a GUI implementation, this should be added to bitshares.org/technology/. There are always conversations going on about anonymous coins and having a page to link to that explains our implementation would be very helpful.

24
Its simply another Dan makes a obtuse theoretical assumption that never stands up to rigor when fully implemented.

While I've been critical at times myself, I've never had an issue with Dans theoretical assumptions. Almost everything being done in this space is uncharted territory and needs theoretical assumptions with the ability to test those assumptions and pivot when necessary. Dan has been pretty good at both those things.

Theory got us DPOS.
Theory got us market pegged assets.
Theory got us a referral program.

Dans only weakness so far has been practical application (constantly going against the grain) and shooting too high instead of focusing on low hanging fruit. His comments as of late have been encouraging though. His focus is on one thing. He'll be modelling what's already been proven to work. He seems to have an appreciation for user psychology that he hadn't previously. To me, those are all very encouraging signs.

If atomic cross chain trading is possible, that's a HUGE deal. I would be interested to hear more about this "PlasmaOS".

25
General Discussion / Re: Best Exchange Website
« on: November 08, 2015, 01:51:28 am »
Ok, guys, i've spent my entire day visualizing and painting how the "Graphene Exchange" should look like.

Here's my mockup:




1 - The "MARKETS" sidebar was taken from the now defunct Mintpal and redesigned for this theme
2 - The Chart was taken from TradingView and adapted for Graphene
3 - The "CHAT BOX" was copied from Poloniex. I have another version with the white TROLLBOX
4 - The "LAST TRADES" panel was taken from Bitstamp.

Regarding this design, there still more polishing to do, but i will deal with that later. (volume/lowest/highest/last price, open orders)

My idea now is to create a new thread called "Graphene - The battle of the mockups" or something along the line where everyone posts his designs. Something less focused on analysis and more on the visual aspect. This thread for analysis, the other one for mockups.

Wow, this design looks incredible!

26
General Discussion / Re: Best Exchange Website
« on: November 06, 2015, 08:58:25 pm »
This is encouraging. I guess I'm back to only having 90% given up on this project.

27
General Discussion / Re: We'll be able to compare ourselves vs Nasdaq
« on: October 28, 2015, 02:55:33 am »
Soon BitShares will also support proxy voting for UIAs  (Thanks Follow My Vote)

WWWWWHHHAAAAAAAAAAAAAAAAAAAAAHH!!!!  +5% +5% +5% +5% +5% +5% +5% +5% +5% +5% +5% +5%

What is the significance of this?
http://www.investopedia.com/terms/p/proxy-vote.asp

Me still remaining clueless...

the UIA holders can be like the corp. stock holders and vote by proxy...
Is this very significant?

Yeah, I mean I get what it allows for but I need someone to give me an example use case before I get the "aha". Anyone can create a decentralized company and govern it?

28
Muse/SoundDAC / Re: MUSE Light client Release
« on: October 27, 2015, 04:45:49 am »
I cannot claim my balance, because I cannot select my existing account name in the balance claim page

Is everyone having issues claiming funds with windows release? 

That was a last minute fix.

I don't have the option to select an existing account either using the .dmg

Restart the app and try again.

29
Nothing cool like this is possible without liquidity.

30
Technical Support / Re: My Committe Slate
« on: October 24, 2015, 06:37:51 pm »
Since I'm here I may as well explain the reasons nobody wants this position:

You're basically a politician and have to spend a LOT of time communicating with shareholders to maintain a positive perception (your previous post is a great example of what I mean). That would be fine if you were getting some sort of compensation but committee members are unpaid positions (as they should be). On top of all that, community members here are viciously overly critical. Not only do they expect you to work for free, but you have to work damn hard at that.

Perhaps I'm wrong and being a committee member will be much easier than an unpaid marketing delegate, but I don't think so.

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