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Messages - MrJeans

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256
General Discussion / Re: Most compelling strength & biggest misconceptions/obstacles for adoption of BTS?
« on: March 03, 2015, 08:28:37 pm »
Quote from: aloha on March 02, 2015, 04:53:36 pm
Quote from: hpenvy2 on March 01, 2015, 11:14:53 pm
Quote from: MrJeans on March 01, 2015, 10:30:50 pm
Its a bit of a chicken-egg scenario.
We need merchants to accept it to make it useful.
Merchants will only start accepting when it has a critical mass.

I clearly see the benefits of bitAssets. But if I get myself some bitUSD, what am I going to do with it?
The technology needs to be paired with some kind of utility.

I don't buy into the whole mass market merchant angle as a viable strategy in the near future.  As a merchant, I can sign up for Bitpay and have the amount immediately converted to Fiat and dumped into my bank account. The immediate use cases I see for BitUSD is more niche:

* Eliminating dark market volatility
* High risk merchants such as the adult industry where credit card fees are ridiculous
* A way for Bitcoiners a chance to move a portion of their holdings to a savings account that pays interest (hedgewallet)
  +5%
I completely agree with the niche market opportunities you have pointed out here.
Dont you think that consumers would benefit from using a more stable cryptocurrency than Bitcoin (to put it in an odd way, what do you think would gain more traction in the market for merchants and consumers, BTS or bitUSD).
For merchants the charges and spreads (not sure how their model works) when using bitPay could be avoided.

257
General Discussion / Re: Most compelling strength & biggest misconceptions/obstacles for adoption of BTS?
« on: March 01, 2015, 10:30:50 pm »
Its a bit of a chicken-egg scenario.
We need merchants to accept it to make it useful.
Merchants will only start accepting when it has a critical mass.

I clearly see the benefits of bitAssets. But if I get myself some bitUSD, what am I going to do with it?
The technology needs to be paired with some kind of utility.

258
General Discussion / Re: Opportunities in red pocket money transmission, Chinese new years
« on: February 19, 2015, 06:31:16 pm »
Perhaps a paper wallet type solution where users can just download the bishares wallet app and recover their gift of bitCNY.

A service where WeChat users in China send red-pocket money to a WeChat account, this account sends them the same amount back in bitCNY in the form of some kind of paper wallet. They can then send this bitCNY to family/friends overseas.

259
Muse/SoundDAC / Re: How was the grammy awards?
« on: February 19, 2015, 09:16:33 am »
Hodl until the cows come home. Or until its an itunes competitor  ;)

260
General Discussion / Re: Opportunities in red pocket money transmission, Chinese new years
« on: February 19, 2015, 09:15:14 am »
Quote from: btswildpig on February 19, 2015, 03:02:36 am
Wechat is a social networking IM tool majorly run on smart cellphones developed by tencent (QQ's inventor)   , it already has 0.4 billion users .

It's hard to copy that .

Even Cass is using Wechat now  :P
Ya we cant create a new communication app just to add transactions to it. But perhaps we can leverage existing platforms and build apps that work ontop of it.

261
Muse/SoundDAC / Re: Bittunes
« on: February 18, 2015, 11:23:06 pm »
Website is confusing. Still captivates my attention because of the subject matter.
Nothing too innovative though

262
General Discussion / Re: Opportunities in red pocket money transmission, Chinese new years
« on: February 18, 2015, 11:12:07 pm »
Perhaps if we can somehow link up with a social network or provide tools/apps that can be linked to social networks.

I believe China would be the best place to target as trends and interest spread very quickly and at a national level over there, it is fascinating.

263
General Discussion / Opportunities in red pocket money transmission, Chinese new years
« on: February 18, 2015, 07:55:59 pm »
"WeChat which allows users to send / receive the red pocket money by linking up their bank accounts to WeChat.
Going beyond a traditional festive greeting or sticker, the app went viral overnight. The number of WeChat users who linked up their bank accounts increased from 30 million to 100 million in just one day"

"iResearch. According to research firm Analysys, the total volume of transactions in China's third-party mobile payments market reached CN¥7.77m in 2014, which is a 500% increase over the last 12 months."

Thought the community may be interested in this. *cough cough bitCNY

http://asianinsight.racepointglobal.com/post/76181039647/did-you-get-your-red-pocket-on-your-wechat-this

http://www.ibtimes.co.uk/chinese-new-year-2015-alibaba-challenges-tencent-wechat-188m-money-giving-lottery-1488460

264
General Discussion / Re: Paid out $1527 bitUSD in 200 payments for the week with 33 new pool users
« on: February 18, 2015, 12:29:22 am »
Why such low levels of participation. Are miners being informed of this deal.
How do these stats compare to other mining multi pools.
You guys are doing great, I would have expected much higher levels of participation though.

265
Muse/SoundDAC / Re: How was the grammy awards?
« on: February 16, 2015, 10:40:03 pm »
Thanks for the post Cob.
Every now and again we just need a message like the one you just gave to keep us in the loop and reassure us of your existence  ;)
I look forward to the product

266
General Discussion / Re: The absolute hard cap on # of BTS is 3,761,440,000
« on: February 15, 2015, 08:27:28 pm »
Quote from: bytemaster on November 11, 2014, 10:24:16 pm
Quote from: Frodo on November 11, 2014, 06:18:12 pm
In the (very) long run this isn't feasible. As delegates don't get paid by tx fees anymore and the reward approaches 0.

To ensure that the code is robust against need to hard fork the funding model we have decided to pay fees to delegates as well (percentage of fees based on pay rate).

This will maintain the long-running delegate pay model and simply add a bit of dilution to help cover us while we are growing transaction volume.
+5% answered my concerns. One hopes that soon we have all delegates on well earned 100% pay

267
Muse/SoundDAC / Re: Small Complains
« on: February 11, 2015, 11:34:43 pm »
For sure, I think this is a fantastic project and enjoyed listening to their talk on 'lets talk bitcoin' and following the project.

I just see how well I3 worked with the community and all the growth we achieved as a result.

MUSIC could benefit greatly by being more engaging and keeping the interest there, they would benefit by being able to launch into an already engaged network.

268
Muse/SoundDAC / Re: Small Complains
« on: February 11, 2015, 11:04:32 am »
 +5% +5% +5% +5% +5% +5%
The community, ie. your network effect, is being completely ignored.
What a way to loose your good will which you paid 50% of the share supply for! I am sure you did not pay 50% share supply for a mailing list. Because now thats all you will have.

The community was also responsible for the toolkit used to bootstrap bitsharesMusic. You paid 20% of your share supply for the use of the toolkit.

269
General Discussion / Re: The surveys we are receiving
« on: February 10, 2015, 12:20:10 am »
Quote from: fuzzy on February 07, 2015, 04:15:18 pm
Quote from: DataSecurityNode on February 07, 2015, 01:44:41 pm
Quote from: MrJeans on February 07, 2015, 12:36:50 pm
While it is a good idea to keep questionnaires sent to a wider audience to a minimum to ensure greater number of responses.

I am sure that the community would be very willing to answer a lot more questions at a time.

If many more questions need answering, if links to such were posted on the forum I am sure there would still be good responses to questionnaires that take more time.

I don't quite understand what you are hoping for here. The forum allows anybody to start a threat and share their thoughts.. we all know that the devs are active here and will get your feedback without prompting for it through a survey or questionnaire.

The forum encourages others as well, sometimes giving insight into things they otherwise wouldn't get from a form fill and submit to the survey.

If there is some burning question you have in mind that you really like to give your input to bitshares on.. why not here?

Surveys are very valuable from a scientific perspective.  They can give us specific datapoints that we can then use to construct statistically significant macro-level representations of the nature of a thing/event/circumstance is perceived. 

Surveys, if done well are very good tools. 

I'm not saying we shouldn't have forum posts but it is really hard to achieve what surveys can achieve using only forum threads. Hope this helps.
Yes, what Fuzzy said.
Forums are open ended. I am sure they have many more questions they would like to have answered. But there is always a compromise between trying to get too much data and not having people answer.
I am just saying I would be happy to answer more questions and I am sure many others on the forum are too.

270
General Discussion / Re: Forget MUSIC, we need BitFLIX
« on: February 09, 2015, 07:32:07 am »
This community, including the core dev team, was able to put up a bank on the blockchain.
And the bitshares toolkit is what was used to bootstrap bitsharesMUSIC. Yet the most conversation happening about Peertracks is outside of their sub-forum (for eg here).

The community could be massively useful in providing ideas and solutions if they would only want to engage us...

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