^That could be converted into a really awesome sound system...
 

Nevermind back on topic lol.

Quote from: matt608 on October 25, 2014, 05:52:10 pm

Quote from: Mars.Walker on October 25, 2014, 05:41:01 pm

Maybe implementing the function could cost more developer salary than the money it would save from a translator ?

I heard developers are 5000USD + a month...

It's not very complicated, it wouldn't take long.  Say it took $10k to develop plus a delegate spot (not preventing the delegate to also do other things).  That could save a lot of money i the long run.  People will disagree how much translating needs to be done.  Personally I think much more translating of community discussion will be worth the cost soon, (say in 3-6 months) especially with the social/political nature of voting on Delegates.

Investor confidence is built on communication.

Translating isn't something we need to pay for. It's already happening on the forums. Many bilingual Chinese members translate bytemasters posts almost instantly.

Ok, I guess I have trouble telling what's been translated.  But there is going to need to some kind of translation upgrade when it comes to voting for delegates.  If there's a Chinese delegate making a proposal/campaigning for dilution to fund his work I'm going to want to read everything he says and everything everyone says about him before making my voting decision (not literally everything, but a 'reasonable' amount of opinions from the Chinese community until I feel comfortable that he's trustworthy).  I don't think that level of translation is going on at the moment.  It doesn't need to be but it will.

I'm not sure about demand driven by this forum, but there does seem to be potential in this area.  Although I wonder why it needs to be a DAC.  It is more of a DApp.

I hadn't thought of it being a DAC or DApp, just a feature for Invictus or a delegate to develop for use on whatever social platform bitshares ends up on.

Come to think of it could be a dac or dapp that works worldwide on any website, powered by Bitshares.  Anyone could implement the 'summon a translator' button and get connected up via any website. 

It could be a great way to spread bitUSD.  Promote that anyone can earn bitUSD by doing translations, all they have to do is download the bitUSD wallet and start translating and get paid. 

I've wondered if Maidsafe would be a suitable platform to build this on as they are launching a decentralised + secure Internet around the end of this year. 

(Disclaimer:  I own a few Maidsafecoin)

As far as I can tell in the future 3rd parties will have 3 options. 

1.  Propose their business plan to BTS stakeholders with the aim of becoming a delegate and receiving funding via dilution and become part of BTS
2.  Go independent and offer a snapshot to either AGS + PTS or BTS or some combination as they choose.
3.  Go independent and and not snapshot anyone.

Option 3 isn't preventable and we can just ignore it.

Option 1 is something BTS holders are incentivised to facilitate in order to reduce competition and increase growth.  Each startup which is part of the superDAC is like a new road to our bitasset shop coming from somewhere new.  The more inroads the better, as long as these roads are purchased for a fair price. 

Ethereum is aiming to attract developers to build on its platform.  There will inevitably be forks of Ethereum too (option 3) and they don't have a 'snapshotting' as a tradition so I don't think that there's an option 2 for them either.  They are all about attracting DAAP developers (what I am calling 'startups').  Now that BTS is united, we need to do the same.  The ideals of free market competition are not violated by conglomeration, in fact they are strengthed.  We would not really be competing if we deliberately allowed competition to flourish against us, just to give the competition a fair chance.  Ethereum is the competition, it's time we realized that.

Now, onto why would a startup or DAPP team bother 'campaigning' to become a delegate?  That's never happened before.  Let me tell you,

Funding.

Every startup needs funding.  DPOS inadvertently provides a few a new funding option for all startups, call it say, blockchain-funding, or BitsharesFunding, as opposed to equity-crowdfunding.  Rather than marketing its potential product to the Internet at large to gain funding, now, thanks to DPOS startups can target their crowfunding efforts to stakeholders of BTS.  They need go nowhere else.  If they can get enough stakeholders to vote for them, they get funding, access to a decentralised bank with the strongest bitassets available, the support of all BTS stakeholders (including Invictus developers who will be delegates themselves) as well as all the business partnerships BTS has made.

A huge incentive.

It also means they have incentive to co-operate with other BTS teams, which is good for BTS.

Want funding?  Make your pitch to BTS stakeholdrs at *insertawesomenewBTScrowdfudingssite.p2p*

The only downside for prospective startups is that they skip the high-risk high-return phase, as their share price will be the BTS price.  So even if they are very successful, they will not earn as much, but if their startups is a complete failure, their BTS will still be worth something.

If their startup/DAAP is a failure BTS stakeholders will vote them out of receiving more funding.

So BTS will have become a decentrased start-up seed funding network. 

Pretty awesome if you ask me.

Im not sure this conclusion has been reached by many yet.  It brings to light how important a platform for prospective delegates to propose their plans may be.  If its too difficult to pitch proposals to BTS we will end up with a load of competitors who could have been allies.  People are trying to remedy this concern with snapshotting AGS/PTS/BTS, which is fair enough, but another way to get a stake in all future bitshares DACs is to own BTS and make it easy for prospective DAC startups to pitch for funding.

Therefore, alternatively to snapshotting, BTS third parties could (and I will say should) be encouraged to pitch their startup/DAAP to BTS holders with the aim of becoming delegates funded via dilution.

It does prevent a problem for Chinese/English, as they would have to make their pitch in both languages.  It will be a new adventure.

Feedback, thoughts on this idea? 

Edit:  If a DAAP became so big its team decided it could go independent with its own BTSX style exchange, then it could be rolled off as an independant and provide a snapshot to BTS.

Edit 2: Not saying a successful vote for dilution to fund a delegate would happen often, maybe just several times a year or less.  This is just an idea for what direction could be taken.  I don't want to bombard an already very busy team with more stuff just wanted to put this out there as I thought it could be important.  There's no bigrush to get this 'platform' I'm imagining ready, just maybe something to consider?

Just a friendly reminder to subscribe to http://www.reddit.com/r/bitshares/ if you haven't already.  Ethereum has 3k+ subscribers, lets get more than them!

 

the very best bit was the one at the very end! For anyone that likes that kind of thinking, this is similar, just applied to another area of life (intimate instead of business relationships) https://www.youtube.com/watch?v=4LuPCAh9FCc

Ahh I saw this vid somewhere else and started watching it but never finished it, giving it another go now!

It was refreshing to hear BM talk of giving.  My mind has being consumed by money the last few days, but now that I'm (almost) all in on bitshares I can take a step back and breath the free air, my decisions are made.