There shouldn't be a dividend payout or burning

Yes we should.

A decreasing supply due to burning, and thus a profitable dac, is the only thing that will make people care about bitshares. Until we are makign a profit everyone will just continue to shit all over this project.

But if we become profitable then everyone will be interested. Inflation and dilution nearly killed Bitshares and only running as a deflationary, profitable DAC is going to save it.

1. Low fees are easy sell, we could subscribe more people. Any working referral program will be good incentive for people.
2. We made mistakes in the past, lowering we fees will not be worse than other decisions. But system will become actually usable by people, not investors.

We had low fees in the past and that didnt help us sell anything.  On the contrary, the blockchain losing money caused most of the community to abandon it, driving the market cap from 100M to 8M. 

We need to MAKE MONEY.  This is what will make bitshares take off. 

When btc had its huge rallies in the past, they drove adoption.  We need bitshares price rises to drive adoption, and for that we need the blockchain to be profitable and thus attractive to investors, and for that we need reasonably costed fees around their current level that are still lower than what you pay for any financial transfer, but high enough to make some money.

I disagree with reducing fees for two main reasons:

1) It makes the referral program a lot less interesting if you dont expect the users you bring in to generate much of any fees.  So then it will fail.

2) A big reason why the BTS price has been trending down for a year is that the supply is increasing, that is, the blockchain is operating at a loss instead of being profitable.  As soon as we can demonstrate a blockchain making a profit over a reasonable period of time, even a small profit, it will attract a lot of attention.  Everyone is used to inflating blockchains that hemmorhage money (through PoW or whatever), but if you change that around and are actually making a profit, then a lot of investors will want to jump on board.  And helping the price break its downtrend is going to help adopting a LOT, because a major inhibitor to adoption right now is that everyone who buys in loses money and gets disillusioned.



Enough fees to turn a profit is the savior of BTS.

The fees for subscribers being 2 cents instead of .5 cent is not going to significantly impact our adoption.

The reason the price dropped is beacuse a bunch of peopel who had bought BTS prior to release but dont actually care about it long term all dumped it.  That had nothing at all to do with what the fee is.


I strongly encourage everyone to vote against lowering the fee.

Also, how can we view the current supply?

I used to use Bitsharesblocks for everything but it is still tracking 0.9 and hasnt been updated to 2.0

I disagree with reducing fees for two main reasons:

1) It makes the referral program a lot less interesting if you dont expect the users you bring in to generate much of any fees.  So then it will fail.

2) A big reason why the BTS price has been trending down for a year is that the supply is increasing, that is, the blockchain is operating at a loss instead of being profitable.  As soon as we can demonstrate a blockchain making a profit over a reasonable period of time, even a small profit, it will attract a lot of attention.  Everyone is used to inflating blockchains that hemmorhage money (through PoW or whatever), but if you change that around and are actually making a profit, then a lot of investors will want to jump on board.  And helping the price break its downtrend is going to help adopting a LOT, because a major inhibitor to adoption right now is that everyone who buys in loses money and gets disillusioned.

So we can see more than 200M bts in poloniex's cold storage wallet.

I think this is pretty sufficient to declare that they have plenty of BTS and are not running a fracitonal exchange.

It also appears that close to 200M probably bts moved from btc38 to poloniex over the past several months, as poloniex took over the volume lead.  They probably only had 10% of this before a few months ago!


Clayop are you happy now with the results? 
Was it worth spooking the hell out of the markets by making people think polo was running fracitonal reserve and contributing to a 40% drop in BTS over a few days that probably made a bunch of traders vow to never touch BTS again?

Quote from: tonyk on October 15, 2015, 12:07:07 am

There is blood on the streets...

When the dust settles we will see who's  it was.

Like most people, I don't like to admit when I'm bleeding. 

Well, the value of my bitshares reduced by thousands of dollars in about 10 minutes.

Same with many of us I guess.

There is blood on the streets...

When the dust settles we will see who's  it was.



PS
Mine is a likely candidate, but so is the bears' .

No this was bulls blood for sure.