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Messages - cylonmaker2053

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151
General Discussion / Re: Marketing plan for Bitshares 2.1
« on: March 05, 2016, 11:31:15 pm »
So what's the timeline here? When the stealth and free transactions features are ready? If I understood right, Bytemaster said in the latest hangout that they might be in a same hardfork quite soon.

If we want to use this possibility for focused marketing effort, we need to know only two things:

1) Is the version number going to change to 2.1?
2) When the hardfork is going to happen?

If we know these as soon as possible, anyone can make marketing plans either together or individually. We don't need to agree on a certain message, but we all need to make the effort at the same time to get the full benefit.

@bytemaster, @Stan would be nice to hear a comment from Cryptonomex on this topic.
IMOH(!) ... CNX is only a software provider for BitShares and nothing more. They probably won't and shouldn't be able to *just* decide on bumping the version number.
As they are merely the technological providers for BitShares, the marketing side of things has to be done by other parties (and it should be as we all know how well
marketing went with CNX/I3).

How come we have a decentralized network, decentralized community, decentralized exchange but not decentralized marketing yet?!?

completely agree. besides, i bet CNX would like it if more of us stepped up and took on active roles.

152
General Discussion / Re: What is the reserve pool?
« on: March 04, 2016, 02:11:30 pm »
thanks @xeroc ...i'm seeing this as a way for OL and other wallet devs to get paid for their effort, plus the basic MLM incentive to go out and recruit new members (not my favorite marketing theme by any means, very often attracts low morality scammers IMO). At $100 for a lifetime membership, that may be worth the investment...
MLM incentive is not paid from the reserve pool. It's paid by the referred new users directly.

got it, thanks

153
just voted. any chance we can get into a bot tutorial, as well?

154
The current delay problem on Tx on the BTC network (3 days I heard ?) will be something more and more usual no ? Isn't it going to counter balance the hype of halving ?
I don't have BTC right now, I exchangef all of them in a very promising crypto 2.0 long time ago ;p
I'm wondering if I'll buy some more to exchange them in 2.0 projects after the possible pump caused by the halving.

yes, BTC has scaling issues, which is why i like the 2.0 projects as diversification, but i'm still very long on the BTC community. there's just way too much talent to discount it entirely. that said, i wouldn't bet on BTC purely on the halving...there's no guarantee by any means that halving will spike the price to accommodate miners. it's possible the price doesn't budge (or goes down) and marginal miners just go broke.

155
Random Discussion / Re: Monero
« on: March 04, 2016, 01:57:50 pm »
I know youre joking, but as far as coins that are trying to be currency go, Monero basically has the best distribution of all of them.  Its no premine or fastmine, with a long term emission schedule and a ~1% a year tail emission to keep it from ever becoming deflationary.

monero seems to be the best digital cash at the moment, though i also support Dash. i still consider it way undervalued, but admittedly am holding off on buying more in this big upswing.

156
General Discussion / Re: Marketing plan for Bitshares 2.1
« on: March 04, 2016, 01:55:49 pm »
The truth is we all get bogged down in details of bitshares. We need a simple clear message with no details.

bitshares can do many things but the core product is that it is a decentralised exchange.

The front page of our website should say     "Bitshares is a fully decentralised exchange"

Right now it says:
BitShares is an industrial-grade financial blockchain smart contracts platform.
Built using the latest in industry research, BitShares 2.0 delivers
a decentralized financial platform with speeds approaching** NASDAQ.

WTF does this even mean?

yes, completely agree  +5%

157
General Discussion / Re: Potential BitShares Road Map for 2016
« on: March 04, 2016, 01:55:06 pm »
If the largest banks can achieve deposits of over $1 trillion dollars with no meaningful interest, how many deposits could BitShares attract and what would that mean for the value of the bank?

Road Map

1. Lower Forced settlement to 95%
2. 2% BTS per annum directed to BitUSD. 
(With a yield subsidy many BTS Shareholders will yield harvest creating millions of BitUSD.)
3. Spend $200 a day incentivizing $100 000 of liquidity.
(For 0.2% interest per day  many BTS Shareholders send a small portion of their BitUSD to a liquidity pool where it's sold for $1.01 and bought back at $0.99)

Customers can buy this BitUSD from a bridge for fiat/BTC and save/spend it from a basic account & don't need to understand/see the DEX...

-------------------------------------------------------------------------------
Mr. Man In Street Account

BitUSD Balance:   $888             Buy BitUSD $1:01         Sell BitUSD $0.99
Current Yield:        4.6%

Buy/Sell with Bitcoin/Bank/Card via our trusted partners.

Visit Exchange (Advanced)
-----------------------------------------------------------------------------------------------

Their new BTS (For BitUSD) demand raises the BTS price incentivizing more people to short, possibly with some of the dilution being directed their too. Shareholders/liquidity pool will buy from them to replenish their position.

The yield subsidy is key imo to achieving a better result faster and it's largely self funding https://bitsharestalk.org/index.php/topic,21641.0.html
(By the time the yield subsidy is removed, banks will be charging negative interest well below -1%. So no NIRP will make private, zero yield BitUSD seem like a treat.)

i like it, but what about making the solution more general and coded into the smartcoins --fees from each smartcoin exchange go to yield on those smartcoins. that way we're not picking a winner (letting the market decide) and the yield funding process is perpetually self-sustaining. picking any fixed dollar amount from the general pool runs the risk of being the wrong amount and potentially cannibalizes other worker projects that could be funded. it makes more sense to me for every smartcoin to have the potential for yield, the amount varying by popularity of that market.

158
General Discussion / Re: Trading Contest on the Testnet?
« on: March 03, 2016, 03:00:18 am »
cool, thanks for the account value calcs; i've wondered about that. we need bots to join the trading madness and then it'll be more fun :)

so real life OL trading platform is buggier than the testnet IMO. i'm having repeated issues trying to place orders. i'll input either the buy/sell, press the execution buttom (buy/sell) and then nothing happens. then maybe 5 minutes later i get a trade confirmation window pop up. when i try to confirm that it tells me the order has expired. kinda annoying and reduces my trading frequency.

159
General Discussion / Re: Potential BitShares Road Map for 2016
« on: March 02, 2016, 06:45:33 pm »
Our marketing execution has been a joke

 ;D

well, we'll get there...let's just be supportive and keep pressing forward

160
General Discussion / Re: Potential BitShares Road Map for 2016
« on: March 02, 2016, 03:21:26 pm »
trolling this message board like it's 4chan makes Bitshares look like a joke.

161
General Discussion / Re: What is the reserve pool?
« on: March 02, 2016, 02:38:35 pm »
thanks @xeroc ...i'm seeing this as a way for OL and other wallet devs to get paid for their effort, plus the basic MLM incentive to go out and recruit new members (not my favorite marketing theme by any means, very often attracts low morality scammers IMO). At $100 for a lifetime membership, that may be worth the investment...

162
General Discussion / Re: Potential BitShares Road Map for 2016
« on: March 02, 2016, 02:33:46 pm »
@Erlich Bachman i regret wasting about a minute of my time reading that shit. you'd be a lot more effective stripping the emotional bs and focusing on a point.

163
General Discussion / Re: Trading Contest on the Testnet?
« on: March 02, 2016, 02:24:45 pm »
Nice run @merivercap ...my stats for the week: 0.4% weekly gain from basic market maker activities, but that's just nominal, not adjusted for changes in PEG.FAKEUSD price, borrowed amount, and asset inventory.

Any lessons learned from the week? The testnet functioned very well for me, actually better than bitshares.openledger.info.


164
General Discussion / Re: What is the reserve pool?
« on: March 02, 2016, 01:23:08 am »
Gotcha, thank you very much for the graphic and explanation! 80% of fees going to the referral program...what exactly is that? Does every account get a fee credit for annual vesting balance, with additional allocations based on child accounts linked to ours via referral? Who controls those referral fees, is there an accumulated balance, and when are distributions made?

165
General Discussion / What is the reserve pool?
« on: March 02, 2016, 12:35:44 am »
What exactly is the reserve pool? How much is in it, how was it accumulated, and who controls is?

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