1
General Discussion / Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
« on: February 04, 2015, 12:40:14 am »
This sbapeshift idea is very interesting.
This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.
Mining bitUSD isn't gonna make a big difference I think. Most large miners instantly sell their blocks OTC for fiat already, or send them to an exchange account that automatically insta-dumps. Minebitshares only makes sense for people who are actual bitshares supporters. The thing we need to market is the light wallet with shapeshift. That's really the most important thing because it has the possibility to disrupt all bitcoin spending wallets and it's finally a product that can actually be sold on its own merit rather than visions and promises.
https://bitsharestalk.org/index.php?topic=13256.msg173664#msg173664
How about putting that bounty toward the Bitcoin Wallet proposal?
"We need to build a bitcoin wallet. branded as a bitcoin wallet, that allows hedging of bitcoin with no counterparty risk. Bitshares is never mentioned. perhaps bitusdis mentioned, but it is certainly not front and centre. IF we do that then we begin a stampede into bitUSD on the next bitcoin price drop. And we dont have to pay a penny in advertising. Coindesk, word of mouth and reddit will do all the work for us. You won't be able to get Barry Silbert and every other pundit to shut up about how bitcoins volatility problem has been solved on CNBC." Bitmarket
https://bitsharestalk.org/index.php?topic=13882.msg180557#msg180557
Clearly both laws and blockchains are impotent for enforcing anything, because they're just communication. If anything is to be enforced, either with a state or without it, it will be enforced by people who are willing to use force against others who don't comply.
I didn't read past your first paragraph.
Inflating BTSX heavily damaged our value and network effect. The income derived from fees at a higher valuation may well have been comparable to what we currently access via dilution at a low CAP. Losing profitable DAC status but more importantly crypto-money status especially given the way inflation is distributed will be our main marketing & PR headwind going forward and it's possible no amount of dilution spent on marketing can offset the marketing cost of dilution.
Also looking at the big picture, long term outlook, BitAssets will take you only so far and then the future belongs to a very large defined supply crypto-currency. It will be hard for BitShares to play that role vs. a money that defines a supply, which builds trust, confidence and increasing value in it over a period of time as well as stickiness. (Ie. Future investors wouldn't change by consensus because of the loss of crypto-currency status and BitShares has already given them an example of what happens to your value when you do.) Now we may just be seen as a crypto-equity whereas other options established by more far sighted investors can play a dual role.
BitShares is still best places to replace Bitcoin in the near term imo.
Special Guest from the DAWN Project will be joining us as well. They want to build hardware for BitShares, want to accept bitAssets as payment and I am in talk with them about issuing a UIA for their modular computing company on our platform.Dude. Wth u dont ever talk about this til now?
However, if you are interested in their general whitepaper please check it out here:
https://www.icloud.com/pages/AwBWCAESEDEArRhp07qAQzyUX35J3RYaKq4Cs5B2PyOQ26G9ikeKh_51C2q0toR7LjbAdGp_AgbdR_TdWJr-05FzFwMCUCAQEEIJP7_hH1QDFHQeZbxxoX0HKbB_x4CHVWcUP5WDqgmngD#Dawn
https://nxtforum.org/general-discussion/price-speculation/msg151915/#msg151915
BM awarded the marketcap based incentive structure, so no point debating about it now. Its done; accept it and move on.
I am more interested in the work he/they are doing. On nullstreet I can see he is involved in other stuff too, having a good reddit idea today for instance. I am sure there are other stuff he is doing too.
One of the big works is the videos, and I guess I am in a minority when I say that I have found them to be underwhelming. I suffered through a couple, by converting them to a form of podcast, and I realized the only reason I was doing that was because I was already sold on Bitshares and i couldn't imagine bothering to put the effort in if I was new.
I remember watching BM's small videos earlier, and his addresses at conferences and those were very good. Short 10 minute videos with BM explaining one concept/feature and backed up by scribbled graphics (like the ones used for teaching aid) would be much better than having to sit through watching Max (no offense).
HI everyone,
I will begin campaigning for a couple delegate positions in the near future. edit: 1 payroll and 1 marketing funds
Max