'...That is the reason Bitcoin's market cap is that high compared to all newer coins..."

Actually there is no reason why BTC market cap is ~18x the cap of LTC not ~4x.

There  is up to 1 idea that matters!
With 3 geniuses in Google, and later with 50,000 PhDs it was the same –‘search’

I am more than happy for Stan that he thinks his (son’s) company will produce many great ideas… but the sad think is: of all those 1000 projects, there is one that will make the difference and it will be:
BTS X.

When Keyhotee becomes more important than BitShares:
That will be the time when the only person that could possibly become reach by all of this is bytemaster.

I will go a step further and say that the only DAC that will make all of us rich (and Dan somebody who everybody will recognize by name in 10 or 15 years) is BTS X. The outcome (success) of the rest of them (DACs) will be a ‘meager’ difference between him becoming rich and famous!!!

Quote from: bitbro on April 13, 2014, 01:58:17 am

Maybe bytemaster can elaborate on the marketing strategy for keyhotee.  There should be a lot of space for coupling BitShares and keyhotee marketing.

In an attempt to make a profound statement, keyhotee is more important than BitShares until BitShares is more important than keyhotee.  When the latter becomes the former, we'll be rich.


Sent from my iPhone using Tapatalk

That is a profound statement!   

Keyhotee was conceived as:
1.  A line of defense in the War on Privacy.
2.  An on-ramp to Free Space and the DAC ecosystem.

The mega-trend of concerns about invasion of privacy and corruption of manned organizations that are Too Big to Quit (TBTQ) when coerced, is expected to bring a lot of crypto-newbies to Keyhotee where they will find secure interfaces to all BitShares DACs at their fingertips.

This is where the newly-awakened will learn the value of incorruptible unmanned companies.

Having some sample shares waiting there for them to try out those DACs makes incredibly good sense.

Quote from: JoeyD on April 12, 2014, 11:18:56 am

@fuznuts: I agree with the pivotal role of the people and community and the need of sustaining and building that community.

One of the reasons I see why everyone needs  Bitcoin to remain is that it is also the defacto proof of concept and longevity for all blockchain ideas. Only a select few will be guided by technical merits, the vast majority won't give a damn about technical details they just want to know if it can be used and trusted and won't simply disappear.


 Should Bitcoin be replaced by an arbitrary other version, than that will be a massive blow to the credibility of all crypto-currencies in the eyes of the general public and possibly an insurmountable one, provided there are no catastrophic failures in the legacy systems.

I don't think Bitcoin is sacred. I don't think it should be replaced by a clone or something inferior but if something superior replaces it then the masses will not mind. Yahoo and Excite were replaced by Google. Apple OS was replaced by Windows 95. Compuserve and AOL were replaced by Comcast and TimeWarner.

Technological innovation requires that outdated technology get replaced. Brand loyalty is actually irrational and should not be encouraged if the underlying technology is inferior. Most of us have Bitcoin wallets but we know Bitshares is superior technology just by looking at the source code. It's just a matter of convincing everyone else that it's superior and then a matter of getting the right people to use it.

Strategic marketing and strategic alliances is what I want everyone to focus on. Not just randomly dropping samples to entire networks, but to actually have an incentive distribution strategy behind what you're doing.

Reward the people in the community who count. Reward the charities that count. Actively look for communities who could benefit from Bitshares and offer to give some to them. Don't just offer to give it but provide an instruction kit or secure live CD so that it's easy to set up.

But don't preach to the choir. Look to grow the size of the social network by bringing new people into crypto who don't know about Bitcoin or who know about it but who think it's too volatile to be a currency. Not everyone who doesn't believe in Bitcoin is anti crypto or anti technology, as many people have pointed out that Bitcoin is centralized, unfair, and has problems associated with it.

These are people who might appreciate the concept of decentralized autonomous charity, social entrepreneurs who don't accept Bitcoin but who might accept BitUSD if it works. These people have to be taught how to operate DACs and how to use the new technologies which come from our community.

This is going to require we approach them with live cds, blogs, magazines, along with monthly airdrops. So I support the airdrop idea but it has to be part of a much larger grassroots campaign, strategically planned, and with a focus on helping charities benefit from this new decentralization technology as well as helping social entrepreneurs.

You'll get Wall Street once you have a community of passionate people. Get the common man/woman first. Who are some of the best men/women who could benefit the most? Which ones have done something to help push these concepts even without knowing about Bitshares? Look up some book authors and send some of them an airdrop. A lot of authors have been writing books which inspire us and they have many readers.

A lot of discussion on airdrops has been going on recently and I would like to add a new twist. 

1) I like the half life concept... 50% drop every month until balance is below 1 BIP.
2) Unclaimed air-drop funds should be sent to developers.
3) Altcoin owners are likely more valuable than BTC owners because BTC-only owners are usually altcoin snobs.
4) I recommend honoring all of the top 10 bitcoin-based alt-coins proportional to market cap.  This will get the widest possible airdrop.
5) Don't honor coins with large pre-mines...

If you set this up right, the developers can avoid any accusations of 'pre-mine' because everyone had an opportunity to claim it, unclaimed funds go to devs... this also solves the problem of dead coins being honored.

Quote from: fuznuts on April 12, 2014, 05:48:28 am

Quote from: gamey on April 12, 2014, 05:27:26 am

Luckybit, where we disagree is that you ignore that btc holders are very very rarely btc devs and don't necessarily have any opinion on altcoins.  They are just crypto-currency enthusiasts. These are the people you want to come check out protoshares and see what their airdropped shares are about.

You are far too fixated on some imaginary conflict with all bitcoin users.  It just isn't like that.  They're not mostly thieves.  You have painted this whole picture of bitcoin being some evil cabal.  It is rubbish.  It has nothing to do with any culture.  It is true that the dishonest aren't going to be attracted to small cap coins as targets, but has nothing to do with the culture.

I think this may be a bit of a mischaracterization here.  I think what Luckybit is saying is that Bitcoin has OBVIOUSLY been attacked by outside interests and although many of the "little guys" are a wonderful audience for our little game here, that it might not be worth it to award free bitShares to the NSA (if they, indeed, are Satoshi Nakamoto), or those who "stole" from Mt Gox...of course there are many others out there.  This is a good discussion though.

I have absolutely no issues with giving a sizable portion of my holdings to a good cause, but lets make that cause count.  Let us make it something that has not yet been done and let us make it solidify the brand as a way to give power back to the little people.  I know it is hard to believe, but there are many people who are buying other altcoins because Bitcoin simply costs them far too much.

I mean, imagine if we gave a % of dividends for a year to the people of Cyprus, or to people who lost coins at Mt Gox?  There ARE ways out there to do this, and besides, if we are giving people a reason to help us increase market volume...the shares we already hold are going to gain value VERY quickly and the dividends will matter little. 

Let us continue chatting about this until we find something that everyone goes "wtf...why didn't we think of this before?"  It is WORTH banging our heads against the wall to figure this out.

Your heart is in the right place. Sorry, but mine isn't. I think the whole point of air-dropping is to get this thing going in a hurry (a jump-start, if you will). Dumping to foundations, etc. is unlikely to have the same effect. We need people who will spend, invest more, and start using the Bitshares ecosystem. I would argue that we need to find the fastest route to making this the #1 or #2 crypto (by market cap) and that is dropping to people who are more profit-minded and knowledgeable about cryptos. In other words, the holders and users of bitcoin or alt coins. Charities are just going to sell it first chance they get, if indeed they know what to do with it. I say get rich first, then give it away to charities.