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Sounds good!
It would be perfect if you put bytemaster's shares in vested and he can only claim them 100 years from now.
Wasn't it the Chinese community who demanded cheaper transactions, and now you bitch?
WTF?
What if the entire anti-dilution movement which is primarily coming out of China is merely them seeing the rate of pay for Westerners and comparing it to their own and they are being told that they are taking too much from BTS and have to be stopped?
What if it was something that simple?
We have seen threads talking about 'shame' ... maybe this is how they are viewing things?
What is even worse, we have the means to support those that provide work to the ecosystem and still they get beaten down because they need to justify them selves over and over and still dont get anything out of it.
Feom a developers perspective, its no wonder people prefer the much more healthy developer community at ethereum.
I hope those that are in the anti "dilution" camp include this image damage in their calculations.
I disagree ..
Microtransactions are a HUGE selling point .. in particular in combination with smartcoins.
EVERYONE will want that while margind trading and bond markets are only of interest for traders and speculators
I even know bitcoin miners brought more bitcoin with their profit when Bitcoin price is low or going up . BTS delegate/worker ever done that ?didnt know I was supposed to tell you z
that I have put way more into BTS than just my 'time' .. you can also see that I have nevet sold any of my 'earned' BTS.
Your statement ia pretty disappointing.
To sustain BTS's marketcap , investors are always more important than users . Especially "speculators" . So-called Long term investors only provide liquidity once .
So basically you think that BTS is just another pump'n'dump coin and not a share of a DAC?
BTS is shares . Shares are pump and dumps according to basic and simple economical common sense .
Every shares in the world is about predicting its potential/future and speculative on it short term/long term beyond or below their actual value.
BTS has no product . Even the basic product is built on top of shares . Hence another speculative design .
If I have the time , I could write a thesis to explain it . Sadly I don't .
In order to have a profitable business with actual economical income , you need outside income . But BTS by design can only accept inside shares as income . It's the exact meaning of "inner-circulation" . People can only pay the system by the speculative value of BTS , not by real outside money like fiat/btc . And BTS holders can not get dividend from actual outside value .
Hmm....I think I may lost you here .
If I build a machine that provides a service that people find useful,
and people pay "real" money to buy tickets to use that machine,
then that machine is a valid business.
The fact that people speculate on the future value of those tickets is a completely orthogonal proposition.
To sustain BTS's marketcap , investors are always more important than users . Especially "speculators" . So-called Long term investors only provide liquidity once .
So basically you think that BTS is just another pump'n'dump coin and not a share of a DAC?
People buy virtual currency because bitcoin is a deflation currency, it gives rise to expectations. If the bitshares continue to dilute, it is expected to depreciate, people will be far away from the bitshares. Everything we do is for more people to participate in, a project that is not involved in the project is a failure.
I support alt
Bitcoin is NOT deflationary, they are creating 3600 btc every day to pay miners and electric power companies.
Exactly, Bitcoin has dilution but has an incentive structure mask it. Why can't the anti-dilutue ppl see this. The dilution is not that important, it's how those funds are being used which is the most important. I can understand if you don't support a particular worker, but not to support anything just doesn't make sense.
James Clayton made an interesting comment in a Crypto Group on Facebook:
"In case people don't know, almost everything in crypto media is paid. It isn't like journalists are going around looking for hot stories to give free press for companies, very little of that anyway. They mostly wait for people to come to them with Bitcoin. Pretty much how everything is now."
Might be something to think about when we want something out there.
It would be nice to see someone address the original post. It asked a very good question.
What do these anti-dilution people expect to happen?
?? When the lead developer of the project wants the BTS price to go down* who am I to argue with him. And as I have no other means to short BTS I did the next best thing - sold (not now but within days of the brownie points announcement) and am waiting for the price to at least cut in half to buy back.
When the lead developer of Mutiny wants the BTS price to go down* who am I to argue with him. And as he has no other means to short BTS he did the next best thing - forked (not now but needed just an announcement) and is waiting for the price to at least cut in half to buy back.
Fork would be mostly harmful for Bitshares. It would divide developers, funding, infrastructure, etc. Bitshares has been lacking devs and funding for a long time so this would make the situation even worse. I don't see that Bitshares could benefit from this in any way.
But I can see one really big benefit that a new chain would bring: we could get rid of bad shareholders who are actively acting against Bitshares, discouraging developers etc. Just look at who are not voting or voting against workers and you can easily identify some them (baozi/alt, laomao/Yunbi, bitcrab, harvey, k1, etc.). If we could leave them out of the sharedrop, moving to a new chain might be worth it.
A. Tonyk's chain can get diluted just as easy as the original BTS chain. With a 70% BTS sharedrop, large BTS shareholders will have a lot of sway.Apples and oranges.The free market will decide. That's one of the reasons it has the license it does.I suppose you are right, but forking every time someone doesn't get their way sets a bad precedence for the future. Furthermore, simply talking about forking Bitshares is certain to negatively affect the price. I see all time lows for Bitshares in the near future, and I am glad I don't own any at the moment. Bytemaster's dilution-subsidized liquidity provisions will have less of a negative effect on the price than a Bitshares fork will.
I suggest implementing Tonyk's idea on the main Bitshares chain, or not implementing at all. Forking Bitshares is bad for both parties involved as it is unclear whether a fork of Bitshares will have sufficient liquidity to function as intended, and forking Bitshares is bad for Bitshares.
Doge was forked from Litecoin .
Muse was forked from BTS.
Play was forked from BTS.
BTS2.0 was forked from BTS1.0 .
Everyday people are forking .
Muse/Play were not forked to compete directly with the coin they forked from (BTS). They all are going after different markets, and that is justification for the fork.
This fork Tony is proposing will compete head-to-head with Bitshares for the same target market. Muse/Play were not created out of a rebellious uprising that forked a community. This reminds me of the Sparkles debacle: https://bitsharestalk.org/index.php?topic=11634.0
It is quite the stretch to call BTS 2.0 a fork of BTS 1.0 ...
Doge is a different story. Doge was not created out of a rebellious uprising inside the Litecoin community. Otherwise, I think it would have had negative effects on Litecoin. You are comparing apples and oranges.
so you're saying after all the pain and suffering that dilution has brought upon BTS on the name of further and competitive development , BTS project will be threaten by a random guy on the forum named TonyK
B. I don't think that BTS will be threatened by Tonyk's fork, as Bitshares has garnered a network effect and forks are generally seen as inferior to their parents (see BTC vs alt coins, or Ripple vs Stellar, etc.) I do think however it will split the community, marketing efforts, development efforts, liquidity, etc... and lower the Bitshares price to all time lows.
