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Messages - Thul3

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466
General Discussion / Re: still no response from the witness? still execute stupid bsip42?
« on: November 22, 2018, 08:30:56 am »
Quote from: bitcrab on November 22, 2018, 08:02:47 am
this is just we want, please go through BSIP42 to understand the logic.


There is no logic if the price will continue to drop.
You just don't allow the global settlement price to be lowered by eating margin calls.
Since its already so close for bitUSD to get margin called the only logic would be now to eat the margin wall without a big premium from real market price to lower quickly the global settlement price.
Instead of that you manipulated the feed price so much that nearly no margin is being eaten to lower the global settlement price.
Are you going to take responsability for that possible global settlement for not allowing the global settlement price to go lower ?
It needs to move to 3 cents since the bear market is still intact

Also can you estimate how many tens of millions of BTS have been sold by people closing their margin because they have a lack of TRUST in BSIP42 ?
What happened that people also took their big buy support away ?
I guess seeing the big unbreakable margin walls your BSIP42 created these traders took away their buy orders knowing the price will fall on such a high sell pressure in a bear market.

I said it already multiple times but will tell it one more time BSIP42 doesn't work on a bigger downtrend POINT.

467
Stakeholder Proposals / Re: [Worker Proposal] - A bounty based smartcoin marketing campaign
« on: November 22, 2018, 07:30:53 am »
@matle85

I know exectly how things works.I'm a business owner for nearly 22 years now and i doubt any of these will succeed.
But to take that argument from people away
i will create a worker proposal for marketing
i will start as a proxy
and i will get a witness (so i can understand and play more with the script,not expecting to get voted in)


BTW the only decent exchange which has already bitshares and could list bitusd is HitBTC .However the volume of BTS there is very low.Past 24h $92 .
RightBTC had a volume of 0

468
Stakeholder Proposals / Re: [Worker Proposal] - A bounty based smartcoin marketing campaign
« on: November 21, 2018, 11:12:46 pm »
Quote from: matle85 on November 21, 2018, 10:06:41 pm
Alt and Thul - we are decentralised, you do realise there is actually nothing stopping either of you raising a worker and trying to get backing for it?

At least then you could legitimately say "come on guys we are trying here back us up" and complain if the proxies aren't supporting you.

I started typing out some examples but the reality is you both know plenty of the things that could be done so get something out there.

Worker for what ?Its unrealistic to think that you can get currently bitassets to any major exchange with some bribe/bounty .Thats not possible.
All you will get is low volume exchanges which will destroy bitshares reputation.
I worked with exchanges in the last 18 months so i know exectly what they requirements are and what their reply will be.
If it would be possible belive me i would take the bounty however i won't offer any shit exchange to the community just because its on CMC TOP 50.

469
Stakeholder Proposals / Re: [Worker Proposal] - A bounty based smartcoin marketing campaign
« on: November 21, 2018, 05:32:01 pm »
Quote from: ripplexiaoshan on November 21, 2018, 05:13:33 pm
Quote from: Thul3 on November 21, 2018, 04:22:23 pm
The offer's are a joke.
Give me any exchange and i will get it in next 7 days to top 50 on CMC and will take the easy bounty for it.
Instead of looking into the Top 50 CMC which majority is faked one you should create a list of serious exchanges we target.
However i can predict none of the serious exchanges will currently list any bitasset expecially being now riksed getting a global settlement.
Thats another effect of BSIP42 that reputated exchanges won't touch it as the amount of risk of losing own trust and reputation is way to high than the benefit of listing bitassets.
Thats simple business logic.
Instant of using these 9 million BTS for noname and novolume exchanges use it for marketing to get bitshares popular and the demand for bitassets will come itself instead of trying to add an undemanded asset with high risk on low reputation exchanges

To be qualified for the bounty, a top 50 exchange has to list bitCNY and BTS and keep their ranking for at least 2 months, that's much higher cost than the rewards. I doubt exchange would play tricks just for the bounty. Even 300K BTS is not a big number at current price. 
If I remember correctly, we spent millions of BTS for listing on binance.com and aex.com, when the BTS price was much higher than now.
BTW, I really agree that we should spend most of the money for top 5 exchanges.

Binance has real volume and getting listed there also increases reputation.However Binance would never list currently bitassets.You can trust me on that since i worked a lot with Binance in the past.AEX is also a legit exchange which had history even i don't like them much as they got many scam coins listed from early crypto times.
However they are working legit as exchange and prodviding a nice support for both chinese and international traders.

But the mentioned exchanges in this topic are just horrible.Have no real volume,no reputation their support sucks and will only lead to massiv complaints.
And you are wrong exchanges are creating fake volume to send out their so called representatives which contact projects via telegram and ask if a coin wants to get listed on a Top 50 CMC exchange where in reality they are not even in TOP 100.
They demand everything from 2-21 BTC for listing in hope a stupid project agrees on their terms.
What they do after listing is creating wash trading so the customer who spend on listing is happy to have some volume on CMC to make his project look legit.
However this kind of volume is not needed for bitshares and will only lead to massiv complaints and a lose of reputation.
Bitshares is mostly listed on top exchanges and thats why it has a good reputation.Starting listing its bitassets on scam exchanges will only lead to a reduction of bitshares positiv reputation.

Show me one legit exchange people offered here.
Bitcrab mentioned RightBTC.
Eric Gu the owner of RightBTC is being accused of scamming Zengold investors and has now enough trouble with ETP and its unnatural pump and dumps.
The exchange was created since he planned to move his company to Dubai from China but couldn't find any serious partner there so he decided to move his company to HK.
RightBTC is a project which gets no attention from him and was basicly created to create fake volume for ETP and ZGC which were excluded after a time from CMC as it was so obvious that the volume was manipulated by x1000

470
Stakeholder Proposals / Re: [Worker Proposal] - A bounty based smartcoin marketing campaign
« on: November 21, 2018, 04:22:23 pm »
The offer's are a joke.
Give me any exchange and i will get it in next 7 days to top 50 on CMC and will take the easy bounty for it.
Instead of looking into the Top 50 CMC which majority is faked one you should create a list of serious exchanges we target.
However i can predict none of the serious exchanges will currently list any bitasset expecially being now riksed getting a global settlement.
Thats another effect of BSIP42 that reputated exchanges won't touch it as the amount of risk of losing own trust and reputation is way to high than the benefit of listing bitassets.
Thats simple business logic.
Instead of using these 9 million BTS for noname and novolume exchanges use it for marketing to get bitshares popular and the demand for bitassets will come itself instead of trying to add an undemanded asset with high risk on low reputation exchanges

471
General Discussion / Re: still no response from the witness? still execute stupid bsip42?
« on: November 21, 2018, 11:32:24 am »
Quote from: bitcrab on November 21, 2018, 08:52:53 am
Quote from: alt on November 20, 2018, 08:49:08 pm
according to bsip42, bitCNY is now very cheap than CNY. (price in DEX is 0.363CNY/BTS much higer than CEX which is 0.353)
you should decrease the feed price, why no action at all?
you know nothing about trade, and you even known nothing about bsip42, just stupid like an idiot.

bitCNY now has a less than 1% discount.

if there's no BSIP42, what happened in last 2 days will make bitCNY a more than 5% premium. we have experienced that in the past.

you can argue, but please stop shouting like a crazy dog.


You are aware that the possibility the price keeps moving down is bigger than it will go up from here?
With your stupid BSIP42 the few buy support people added to avoid a global settlement will be eaten from other trader leaving their collateral before a global settlement instead of the margins itself to lower the global settlement price on bitcny.

Right now you are just watching and doing nothing else than praying which is no solution at all.
Your OMO funds are being margin called already.You activly lost millions of BTS from the comitee accounts and i bet spring fund is also not doing well expecially on a global settlement event.
When the price dropped from 0.62 to 0.44 bitcny the CR was in tact.
You have been warned mutiple times also from me that once there will be a bigger down trend you will cause an unatural big  margin wall which will lead to a global settlement because people will stop eating margins and will close their own margin.
If you look closely you can see a big group of investors myself included who sold all their margin and not being activ because of BSIP42.
Would these people still have trust and the margin sold as it should be there wouldn't such a big margin wall exist which would make that other investors would instantly take their part instead of waiting because the margin wall seems unbreakable currently.

You said to me i'm yelling like a crazy dog.It was me predicting that the OMO fund will be margin called where you said its impossible.
It was me who said you will create a hughe margin wall in a bigger downtrend which will lead to a quick global settlement which you denied claiming there is enough liquidity for it.
And still you call other people crazy dog.
Your BSIP42 is a total failure causing only high risk of a global settlement in a downtrend with the possibility to lose all savings from a lot of people who didn't give you the authority to play with their investment like monopoly money.Its shocking to me how you treat other peoples savings for which majority had to work hard.
Even some bitshares admins lost faith in bitshares because of bsip42 and closed instantly all their margins.I think this says everything.
A network which has no trust of its community will never succeed

472
General Discussion / Re: still no response from the witness? still execute stupid bsip42?
« on: November 20, 2018, 08:37:56 pm »
The plan is just to watch and do nothing.

According to Xeroc :

"Guys, your understanding of a black swan is way off implementation"
"Before a global settlement, a short position has debt and collateral supporting the debt. During global settlement, you lose just enough of your collateral to support your debt and you lose the debt. Ever BTS in collateral that comes additional to the 100% will be give back to you.
The debt and supporting collateral will be migrated to the the issuer account.
With BSIP18, the global settlement fund in the issuer account can autonatically revive the asset in case the price feed goes back up so that the available collateral reaches MCR
Also, users can bid on the collateral and debt and thus obtain back their own position by providing the excess collateral.
In the meantime, long positions (those with bitusd, bitcny) are unaffected and trading goeabon as usual.
Borrowing and margin calls are disabled until the asset is revived"

I asked him 1-2 months back if he is going to take full responsability for keeping the BSIP42 activ which will lead to a global settlement since he was and still is the key proxy who could instantly close BSIP42.
A clear lack of real trader experience unable to foresight markets and effects of major changes


Some Witnesses even claim there would be no diffrence in current situation with or without BSIP42

473
General Discussion / Where is the leadership ?
« on: November 20, 2018, 11:42:55 am »
Having a real black swan/global settlement risk i thought this would mobilize a lot of people to turn the ship back to the other direction.
But instead i just see a few people concerned about the reputation of bitshares and peoples money and the rest just watching.
I don't see any significant actions from the big proxies who voted for BSIP42.
Actually they are now very quiet.
I don't see any actions from witnesses who agreed to implement the big feed manipulation even on bitusd.
No Comitee members who are trying to activly find a quick solution .

How does it come you are so quiet now and don't even try to overcome the risk ?

Sorry but you are clearly no leadership at all or justified to have your position (with some exceptions)when you are unable to take actions in times like this one

474
Stakeholder Proposals / Re: [Worker Proposal] - A bounty based smartcoin marketing campaign
« on: November 18, 2018, 09:39:42 pm »
RightBTC is owned by Eric GU.
The CEO of viewfin who is running Metaverse and who scammed investors of Zengold which should be known by bitshares members on DEX.
The company is being operated from China.
Withdrawing something on RightBTC even BTS takes 24h and can go up to 7 days.
Just have a look at their support channel where each days people come begging to process their withdrawl request.
Also RightBTC is a very small exchange with faked volume where volume have been already excluded by CMC for some coins.


It would be a waste of funds for these mentioned exchanges.
Eric GU is even getting sued currently by Zengold investors.

LaToken is also only Top100 because of fake volume.

475
General Discussion / Re: suggest to disable forcesettlement for bitCNY
« on: November 13, 2018, 11:14:20 am »
Quote
Create a worker proposal based poll, not an easily manipulated forum poll - I had to re-cast my vote for some reason and there's a new poll option now.. not ideal. 20% is way too much for force settlement offset

Create over time 20 accounts and you will win any poll :D

476
General Discussion / Re: Remove "asset owner can transfer asset back to himself" on stablecoins?
« on: November 08, 2018, 05:47:54 pm »
I'm for holding that option open however i don't agree its being decided by a small group which CryptoKong already mentioned if somebodies asset can be seized or not.
Thats a risk i personly don't like since it has nothing to do with community consense but something similar with banks where a few holds the majority of voting rights

477
General Discussion / Re: [eng] Marketing Efforts and Pre-Worker Discussion
« on: November 07, 2018, 09:41:56 am »
Quote
I disagree there. I think the decentralized nature of BitShares is exactly why we need an agency (and further more a full-service one) because coordinating and managing a group of freelancers will be a nightmare.

What i fear is that an agency will only do what majority will be doing and that unique marketing ideas won't be supported anymore with the claim we got an agency who will be responsible for it.

Quote
Again, companies mentioned were just for background. Even then , similar size companies have completely different needs and approaches. And so does BitShares. My point was that BitShares needs an integrated marketing plan addressing many different needs and goals in a coordinated and integrated way. The exact weight and attention to be given to each goal would be part of the marketing proposal. I'm not saying Brand Awareness is more important than userbase growth or anything like that. Simply that we have more than one goals and any marketing proposal should take ALL into account and have a consistent feel across all actions.

My statement was not directed to your reply but to the offer from the news agency


Quote
Agreed. Again, my point is that we CAN offer a larger budget and we SHOULD offer a larger budget as long as there is a serious plan behind it.
My concern is that marketing will be dependent on only one company and will surely limit future marketing ideas heavily.

478
General Discussion / Re: [eng] Marketing Efforts and Pre-Worker Discussion
« on: November 07, 2018, 07:57:40 am »
Quote
Unlike Thul3, I don't think the management fee is that high. At our company (and previous agencies I worked at), we regularly charge that or more.

I don't agree on that.Just because big companies are paying this kind of money it doesn't mean there are no way cheaper proprosals which deliver at least the same quality of work.
Most big agencies work with these kind of people to do their job and are charging their customers up to 500% for it which they pay to their partners.
They are basicly accuiring customers and forwarding the work to their partnerships.

I agree that the Media budget is way to low if you want to use it for a 12 months period however i also don't belive that bitshares should go with its marketing to an agency expecially when reading their news website offers.These agancies are basicly needed for complete noobs and they will never bring any good ROI in.
Bitshares has in no way a Budget like Coca-Cola,Microsoft,Lufthansa or any other big company which goal and measureing is totaly diffrent than bitshares.They also calculate in the longrun and are not forced to compete against bigger competitors and thats why they are willing to spend way overpriced ad prices to achive Branding and more important Prestige thinking in public.

Bitshares main goal should be getting massivly new members on DEX who will be trading.
Adding Brand awareness doesn't bring anything if there won't be a nice amount of volume which majority of traders require.

And for this kind of goal there are far more targeted possibilities to gain these traders with way cheaper solutions.
Bitshares should be not focusing on spending money to increase awareness of that brand but focusing on accuring new members generating volume and profit which indirectly means generating a good ROI.Once bitshares will be able to find a marketing solution which will generate a good ROI the growth of bitshares will be quickly as any good ROI can be quickly scaled up.
However the mentioned strategy above is not getting you a good ROI at all and if you take stratagies from big companies you will need to wait a longer time to get your initial investment back since these companies calculate totaly diffrent as they need total diffrent promotion channels.

Quote
To be honest, I can understand why/how this proposal came about as I considered this as an exercise myself  and realized it would cost around 5k USD in manhours  to only come up with the brief/RFP  that a worker proposal should answer.

Completly agree on that but the nonsense bla bla to explain everything like talking to a complete noob is also frustrating since its just nice words without any meaning.
Its just poor time wasting.

Personly with this kind of budget i would spend part of it on unconventional marketing (something like guerilla marketing for the internet) as they do exist and stop going after the herd.


My old mentor always claimed :
People who run after the herd will always eat only their crap/waste.


And watching the prices the herd is paying for so called crypto related websites like cointelegraph,bitcoin.com ads distribution,CMC etc its just insane.The prices of pseudo crypto influencers are the biggest overhyped solutions and still companies with no knowledge about real marketing are willing to pay it.
As example a known youtube channel with average 5k views per clip is demanding $10k.

Bitshares should be also thinking about creating their own news distribution channels as the current one are only informing a handfull of people



479
General Discussion / Re: [eng] Marketing Efforts and Pre-Worker Discussion
« on: November 06, 2018, 09:18:15 pm »
I just reread it and WTF

Quote
Management Fee Team Nijhuis €1500/mth (18.000 in total) Management Fee BitShares Blockchain Foundation for consulting/sparring €1500/mth (18.000 in total) Performing the created inbound marketing strategy €1500/mth (18.000 in total) Media budget €46.000 Initial cost of €30.000 for developing & maintaining the website, creating social media accounts and developing the inbound marketing strategy will not be part of the estimated budget.

This is like throwing money out with open hands.
These prices are nuts.
Any other marketer could offer the same value for 1/3 of the cost except media budget.
This is clearly an offer to milk the customer and deliver a nightmare.

The only winner will be the so called marketing company who have clearly no clue about real internet marketing.
Seeing his video he just repeated the bla bla of all so called guru marketeres from the past 10 years.

What i would like also to know if its a mistake in his offer or not because he wrote
he wants 30k Euro for developing and maintance of a website.Does he really mean a single website ?And saying Initial cost ?

Also the inbound marketing and social media accounts which has been described in the written offer is clearly not being implemented in these 100k euro .


Any real world marketer would laugh him out about this kind of offer.Sorry but this offer is just ..........


Biggest noob offer with the highest possible price ever.Sorry but i didn't saw in my life such a bad offer and belive me i saw a lot.

Already this is so discrediting him its just horrible

Some potential relevant keywords for BitShares Keyword

Cryptocurrency with most transactions per second
What is block time
Smart coins wallet
Distributed ledger vs blockchain
Block reward
Blockchain ledger
Block time
Distributed ledger technology
etc

Who the fuck is using these kind of keywords ?New people who want to join crypto or inform themself ?
These keywords are a joke.You can get them ranked for peanuts.

Total 80,190 (thats the amount of total searches per month of all his proposed keywords)

Now have a look at this single keyword
"cryptocurrency exchange" .It has already 50k searches per month which would be high targeted.This single keyword would bring way more benefit than all their proposed keywords together.

The proposed keywords are easy to rank so the cost to rank them will be cheap.However the benefit of that traffic will be very low since no average user is going to enter these kind of keywords but only people who already have a good plan about crypto.

Also the proposed news websites are horrible.There are way better bigger more repuated and effetiv one.He just choosed the easy expensiv ones which doesn't require any negotiations.


Also some crap

Quote
Agency for digital marketing founded in 1973
Agencies for digital marketing started to exist first since 1990 in north america.
In europe they were way later.I started myself in 1996 and i can claim i was one of the first in europe and can cleary say there were no agencies for digital marketing in europa at that time at all

480
General Discussion / Re: suggest to disable forcesettlement for bitCNY
« on: November 06, 2018, 03:24:08 pm »
Quote from: bitcrab on November 06, 2018, 02:38:38 pm
if it is impossible to disable force settlement, I think there's only one choice to fix the bug: request that the feed price not lower than market price*96% for CNY, not lower than market price for USD.

So you are now breaking the peg for bitcny which was so important to you at all cost?

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