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Messages - fuzzy

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4696
General Discussion / Re: alchohol fueled DAC ideas
« on: April 12, 2014, 06:46:38 am »
Hello All

I appear to have been stood up and am sitting in a bar by myself. So rather than waiste my alchohol fueled thoughts, i thougt i should put them to good use.
So her goes.

Idea 1.

Sports drafting and trading  DAC for sporting competitions.
Decoupling the value of sports elements such as  individual players and team success  from fiat currencies, whilst retaining relative value and a mechanism to convert this value into fiat currencies, could provide sporting competions with a mechanism of
1. Developing efficiency within the organisation by using  market based trading mechanisms.
2. Fostering innovation through the application of derivatives to drafting, draws, and player trading etc
3. Drive increased stakeholder engagement by expanding the DAC usage into the general public
4. Provide a vehicle which codifies the organisations strategies. E.G competition equalisation through tax etc

At a really high level, sporting teams would be provided a quantity of the DAC every year inline with competion strategies. Transactions within the system such as player drafting would be conducted with this DAC.  real money could be used to puchase the DACs and be redistributed as desired.

Anyway, i cant be fagged anymore.

The other ideas revolved around

Cure global warming by holding individuals accountable by providing them with a DAC budget and forcing them to purchase more when they exceeded the budget. Funds raised from purchasing additional budget would then be used to buy carbon sinking mechanisms.

The third one involved suporting military security classification on a single platform by associating  identification and acess priveledges to clearnce levels.

Anyway enough from me.  time for more beer.
Steve

Other than global warming recently being changed to "climate change" and largely being a fallacy pushed by Al Gore (you know, the creator of the internet) his buddy, David Blood:  http://www.forbes.com/sites/larrybell/2013/11/03/blood-and-gore-making-a-killing-on-anti-carbon-investment-hype/ 

Along with the help of Ken Lay:  https://willyloman.wordpress.com/2009/04/28/gore-cant-remember-if-he-worked-with-ken-lay-on-the-carbon-tax-credits-plan-in-1997/

I like some of these ideas. 

4697
KeyID / Re: Namecoin airdrop?
« on: April 12, 2014, 06:32:12 am »
Everybody who has ever eaten a “free sample” at the grocery store obviously knows the power of such primal marketing.  But Delulo has a monumental idea here to modernize our free sample distribution method (create a half-life).

Applying a half-life here will assure that those less interested in their “free gift or airdrop” will be less likely to manipulate the price of BitsharesDNS later (when the market cap gets huge).

To the media, it will look as if our airdrop is more generous than it really is because we say that we are giving away 5-10% of BitDNS, but in reality, maybe only 3-6% actually claim their “free gift.”  And by the time a couple weeks pass, then it will no longer be a news story, so why should we still want to be giving away “free promotional coins.”  And who wants to be answering emails about people who are pissed off that they can’t get their “free coins!”  You need to cap the timeframe if you want to simplify the technical hassle of the distribution process as well (that is another legitimate excuse to tell the media).
No media person can spin this negative because the people who missed out on the offer can just go purchase these BitDNS shares on an exchange if they really want them, and the fact that that they did not redeem them within the 2 week window shows any reader that they were not really that interested after all.  So there can be no negative publicity for doing this, plus it will save us from giving away more of a stake than we need to.

Definitely have maximum caps at addresses over 100 BTC/NMC etc.  If the Winklevoss kids want to maximize their free gift, then let them take the time to get out of their Corvettes and move their bitcoins to multiple wallets, then they can take full advantage of the offer.  Otherwise, it’s a “rich get richer” scenario that we legitimately can say that we are purposefully avoiding unless the media wants to vilify Robin Hood (us).  Just realize that the media will not give us negative press for this lest they look like they are supporting the establishment.  Speaking of media softballs:

Here’s another idea, design your airdrop plan in a way that will automatically create softball media questions for you.   For example, I would give 3% to Namecoin holders, and 2% to Bitcoin holders.  This will beg questions from the media such as:
Why are you giving less to Bitcoin holders than Namecoin holders? (that will give you the opportunity to teach the media about the differences between Namecoin vs Bitcoin vs BitsharesDNS).

Basically you can construct your media interview based on your method of airdrop construction.  So that all you will get is softballs without having to defend any actions perceived as "selfish."

Just remember the big overall “airdrop” purpose picture:

The goal or function of the airdrop is to get media buzz and pique the interest of a target market (get a few coins into the hands of those who are actually using them).  Our goal here is not to create fair distribution but to make it more difficult for a BootlegBitsharesDNS clone to snipe our target audience after we release our application.  But we don’t have to tell the media that now do we?  To them it’s all charity, and efficient target marketing (no matter how little money we choose to spend on it).
This airdrop serves 2 purposes:

1.   The media can’t spin a negative story no matter how little of a stake we are giving away (because a 1% BitsharesDNS stake could be worth millions of dollars, but you won’t know until the market opens) because we are being more than generous by giving away free samples.  And after the market opens, if it looks like the BitsharesDNS shares are not worth much money (the media won't even be interested in a story at that point), then it will discourage copycat BootlegBitsharesDNS airdroppers because it won’t look like they can make much money in our space.  But if the 1% stake that we gave away is indeed worth a million dollars (the media will still be knocking at your door), the copycat airdroppers will be late to the party; and by airdropping any clones onto our target audience (who will already have a significant stake in the original BitsharesDNS application) they will only be spreading FUD because why would legitimate players be interested in a illegitimate game.  In other words:

2.   We cannot get scooped by the first clone who chooses to fork BitsharesDNS and release a large percentage of BootlegBitsharesDNS onto our target demographic before we can have the chance to get them interested (because we already piqued their interest).  An airdrop (free samples) is essential marketing that is designed to circumvent the copy cat “redistribution” business model.  Because even though the copy cat redistributer will be indeed giving away a whole lot more BootlegBitsharesDNS, the end users will already have “legitimate” BitsharesDNS in their possession that is already worth some actual amount of $money, where the redistributed BootlegBitsharesDNS have no value (in the absence of an actual market), and is perceived as such until a market for it is created.  Therefore, that fact that we are releasing BitsharesDNS in small batches does not change the fact that we are making the adoption of BootlegBitsharesDNS exponentially more difficult because:  who will be interested in a second market for BootlegBitDNS when they already have a stake in the first market (legitimate) BitDNS that has more current value.

Though this idea seems better, I feel it only centralizes more because the only people who will find it easy to redeem their wallets for shares will be individuals who are comfortable with the tech.  I know, I know...this seems like a simple idea for us, but it is not going to be simple for everyone.  On the other hand, airdropping these things might make exchanges pick up these shares faster...

I still do not know why we couldn't simply "Air drop" these shares to foundations that help fight for internet freedom, or give them a % of the dividends gained from auctions largely because foundations (like the EFF) have a great deal of clout and access to some very brilliant tech-savvy people in addition to legal powerhouses.  Am I missing something here? 

Still on the fence as I really think if we all put our heads together and bang away at this, we will find better ideas than air-drops to coins.  I am, however, far more interested in doing so for altcoins like Namecoin than for Bitcoin (though Namecoin is not too far off).  In the end, doing something like this simply because Ethereum plans to makes us look like a 2nd mover when, in fact, bitShares was a first-mover in this space. 

4698
General Discussion / Re: Releasing, Testing or Airdropping ?
« on: April 12, 2014, 06:21:17 am »
Everybody needs a little downtime. I'd rather have quality over quantity work any day. Plus, once you understand how to clone yourself and go all schitzo, you can have fun while your better half stays busy with more important stuff.

Please don't...  https://www.youtube.com/watch?v=4Dwik4hNs8Y

4699
General Discussion / Re: Stackexchange
« on: April 12, 2014, 06:12:00 am »
Beautiful idea.

4700
Maintaining an up to date secure custom linux distro livecd might not be the smallest task ever.

Livecds are probably the most easily secured right now, but the suggested virtualmachine-route might be a more sustainable one in the future.

EDIT
Hmm, my mind is playing tricks on me, I thought I saw an elaborate post about lxc (linux containers), didn't think I was looking that much at virtualmachines that I'm starting to see them everywhere.

I love it, but how hard is it, exactly, to make a secure linux distro?  I'm assuming it is no simple task, but then again I am not a byte-master either.

4701
General Discussion / Re: You should read this
« on: April 12, 2014, 05:48:28 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.

4702
General Discussion / Re: You should read this
« on: April 12, 2014, 04:55:48 am »
https://bitcointalk.org/index.php?topic=563925.0

Basically the idea is to fork Ethereum and distribute it to BTC owners.

This is the same idea why I3 explain 3rd party dev should honor AGS/PTS: to maximize the user base. And if they don't want to, we fork it and do it anyway.

But BTC holders >>>> PTS/AGS holders. So basically I3 will loose that game.

Peter R's idea is genius. That will change the crypto landscape forever. Note that BTSX and any DAC that I3 will produce can be forked and be distributed to BTC holders. If I3 was right about user base = value, then that idea is a game changer for every body.

BTC is too centralized. The only motivation and outcome of this would be greed and centralization at the cost of innovation.

I'll go on record and say BTC owners getting everything is making BTC miners the central bank of crypto.

LetsTalkCentralization.com

Let's be fair though, when have shares ever been given away for free for any company? They shouldn't be, they can only be traded.

I use to be very hard-over on this perspective, but then I remembered that the 'founders' of a company always got their shares for 'free'.   Bootstrapping a decentralized company requires a large number of initial shareholders.    The idea of airdropping to create a wide initial user base is a great way to form an initial partnership. 

However, if you have investors fund the development of a company then of course they should receive more than the airdrop users get for free.

In my opinion if there should be such an air drop it should be to churches, non profits, and people outside of the Bitcoin community so that it can grow the community.

I think the way to do it would be to set it up as a charity. Not everyone deserves free Bitshares, but if they are willing to try and help others or are associated with groups who do that then maybe a case can be made.

I think the Bitcoin miners at this time are acting very greedy to the detriment of the decentralization movement. I don't want them to be rewarded just because mining Bitcoins isn't profitable. I'm not against rewarding miners if Bitshares are pumped in the background (their cpu resources would purchase Bitshares instead of Blackcoins).

Someone mentioned Ethereum? I actually think it might be wise to collaborate with Ethereum and other Bitcoin 2.0 developers. Maybe give some free Angelshares to people who own Ether and in exchange maybe let Ethereum give some Ether to people who own Angelshares. Also there is computing for good (BOINC) which can cure diseases and reward in Bitshares.

I think giveaways are good but its important to do so carefully in order to grow your strategic alliances.

This was a wonderful post...I would love to see collaboration with a group like that of GridCoin.  They are by far one of my personal favorites.  So glad people got on here and started posting some sense so I could be gently placed back on the ground from my earlier talk...The more I look at it, the more I agree that it is a bad idea to contribute to further centralization of the system, which is what I always try to say I am against, and sadly found myself dipping my toes into. 

With that said, however, strategic alliances--especially with coin devs and communities that have similar philosophies to those held by bitShares holders--will prove quite worth while endeavors. 

Is there a reason we couldn't just let a % of the dividends from trading and/or other transactions (from alternate DACs) go to the Electronic Frontier Foundation or let people choose to give them to altcoins that seem to have a great idea, but lack development?  It wouldn't have to be forever, but it could be for a specific period of time and would thus serve to make the beneficiaries marketers of this bitShares as they would then want to increase the volume of transactions.  If we picked the kinds of institutions that are vehemently against the technocratic corruption attempting to overtake our internet and currency freedom, we might find that we become a mouth-watering commodity to precisely the "right" kind of people.  There are many creative ways around this obstacle and Air Drops may simply be a fad that turns out to only further centralize the community.

4703
General Discussion / Re: You should read this
« on: April 11, 2014, 07:23:38 am »
Good Idea but right now we can donate only "air"...
Not really. It is pretty much ready for release... they just want to extensively test it

4704
General Discussion / Re: Decentralized Autonomous Charity
« on: April 11, 2014, 06:56:09 am »
When you go to NYC present your idea to Stephanie Murphy from Let's Talk Bitcoin who is also part of Fr33, they could point out good charities / causes and help promote the idea.

Making sure to help already established crypto and internet freedom  related charities would make the word bitShares ring as benevolent as it is profitable...which makes it a pretty good idea in my book

4705
General Discussion / Re: You should read this
« on: April 11, 2014, 06:44:14 am »
We should sticky something more formal on this.  I honestly see this as a place where it might be faster and more possible to just add to the initial number of tokens if we cant get enough of the ckmmunity in board in a specific period of time though.

There is, of course, another option...to pay out an a % of the 5% dividends proportionality over the first say...6 months to doge and btc holdrs.  In this way, it not only incentivizes btc and/or doge communities to check into bitshares, but also incentivizes them to help bootstrap massive adoption of the exchange because in this case the volume would dictate the degree of payout. 

Also, you long ago stopped boasting of dividends so it is less likely you will frustrate your initialmuser base and if you do, it would always be possible to see about upping the %of shares awarded in other DACs by, say 2x what we give out in dividends.  Thoughts?

4706
In effect btc mining pools would own the whole industry and decide which side chains live or die.   Such centralization will not be accepted by most.


Sent from my iPhone using Tapatalk

Thats a nightmare! And to be really honest I wouldn't be suprised if for some reason the "most" would accept such centralization at the "end"... because of GREED of course... give them money and you see how ethical barriers will collapse... YES I am not optimistic and all conspiracy theories come to my mind again...  :(

Are you related to me or something?

4707
General Discussion / Re: You should read this
« on: April 11, 2014, 05:36:47 am »
I will gladly donate 10% of my cache...5% to BTC holders and 5% to Doge holders..

For what we donate,  we gain far more in value of human capital and good will.

LETS WIN IN THE GAME OF SHARING, and give BTC holders some humility in the process.

4708
I would say him to buy at least 1 BTC with his 1000$. By 2020 he sould be fine financially.

Why tell him to invest in BTC? He should invest in BTS or BitBTC when the time is right.
BTS is highly speculative, BTC isn't. BTC is the surest way to become really rich. BTC is by far the core position in my cryptoportfolio, I would give him an advice that I follow for myself.

I sincerely disagree.  There is great potential for Bitcoin's value to drop heavily as new communities form around other "altcoins"--especially ones with vision (like BTS).  Bitcoin is a highly centralizing force now and mining equipment, aside from being expensive, serves only to create a new block of "elites" who rule over the rest of those who did not get the first-mover's advantage. 

Add onto this the IRS ruling and their taxation of coins mined into existence, and you begin to see a scene that begins to look a whole lot like the banking cartels did...only 2.0.  This does not bode well for Bitcoin's price moving forward...as long as the communities are honest with themselves and do not let greed override their own good sense.  We must remember not all "profit" can be quantified with numbers...sometimes it is worth far more to us individually to sacrifice the numbers on a screen for something of substance in the real world.  That is where true value grows organically and self-perpetuates. 

I personally only buy Bitcoin so I can invest in Angelshares, nxt, peercoin and other projects that make me believe we can change the world for the better.  If I lose "money" in the end, but the infrastructure enables the production of free energy, near-free food production and freely shared entertainment...then I say f the money---I'll be richer than I've ever known!

Far better to be a citizen in a world of plenty than a King in a World of Ash.

4709
Lol that is a funny project made irrelevant as it still depends on mining.  It will not make bitcoin profitable nor decentralized.   It will add more centralization. 

No details were provided about the two way peg. 


Sent from my iPhone using Tapatalk

What is sad to me is that so many people (including someone I highly admire, Adam B Levine) still seem biased toward mining.  This is a HUGE group of potential adversaries in this industry and until the general population understands that mining (especially POW Asic mining) is not necessary and potentially destructive to society and Freedom in general, I am afraid mined coins are going to have a leg up with regard to marketing and buzz. 

Though I wholely appreciate your opinion on this point (and agree with it, btw), I am not so certain we should "lol" about it...because most people who know about crypto are learning about it from people with a vested interest in the status quo of "mining".  I mean, I am certain there are better, more scalable forms of energy-production but due to the vested interests and their monopoly on Oil...we are still largely living 100 years behind schedule with regard to the mass adoption of cheap/free energy and largely devoid of funding for innovation in this space. 

4710
DAC PLAY / Re: What games do we want to play?
« on: April 10, 2014, 08:44:42 am »
For those interested, I'm strongly considering using my gaming platform with bitshares.

A platform works better than an individual game. We cover all games, console, mobile and browser.

I'll need a very savvy technical and finance participants.

The platform is Gamerholic.com

Perhaps we could do a PTS/MMC/NIG--AngelShares IPO for development on this?  I'm not sure of how all the details would work out, but quite interested.

I am a HUGE fan of gamification (especially with respect to learning environments).  The pie chart that shows the statistics on revenues for gambling misses one key trend--the younger generations enjoy competing in a wide range of games within a robust and consistently growing industry. 

One thing I will say, though, is that there should always be a free version where bets award something like "reputation" in the community.  The benefits of this are two-fold:
1)  People can overcome their natural fear of losing and build confidence through participation in the ecosystem
2)  Reputation Points, though not liquid and tradable, fulfill the human tendency to become more socially attached to a system that validates their own value. 

Then, of course, there are sponsorships that can be gained from big gaming companies and special offers can be made to individuals who participate in the platform, offering discounts for individuals purchasing digital content with PTS/BTS/MMC/NIG/BTC (or any other coin that is going to be supported). 

So then, I suppose we could say there is a third benefit:
3) Reputation Tiers could be established that enable players to "unlock" special content and special offers. 


This is just off the top of my head...once the mumble server is up and running, perhaps we can chat about this.

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