Your proposal will not work if you fork Bitshares. Take a look at how many alt coins have over 1k USD of volume in a 24 hour period compared to how many alternative coins have less than that. It is likely this fork will fall into the "less than that" category. Thus, Bitshares as-is will have more liquid Smartcoins than your fork. Not to mention all the negatives that come along with forking a project/community.
Your proposal will not work if you fork Bitshares. Take a look at how many alt coins have over 1k USD of volume in a 24 hour period compared to how many alternative coins have less than that. It is likely this fork will fall into the "less than that" category. Thus, Bitshares as-is will have more liquid Smartcoins than your fork. Not to mention all the negatives that come along with forking a project/community.
Your proposal will not work if you fork Bitshares. Take a look at how many alt coins have over 1k USD of volume in a 24 hour period compared to how many alternative coins have less than that. It is likely this fork will fall into the "less than that" category. Thus, Bitshares as-is will have more liquid Smartcoins than your fork. Not to mention all the negatives that come along with forking a project/community.
'My fork" as in the fork that I have paid for each single share competing with everybody else?
Thanks for the "I predict...cause I predict" statement. We are all very good at that... when we decide to.
My prediction is based on sound logical reasoning. Your rebuttal is more like "you're wrong just cause you're wrong" temper tantrum style.
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.
"maximum_authority_membership": 10,
"max_authority_depth": 2,
So if adopt one-layer-multi-sig account, the account can have at most 10 signers. If adopt 2-layer-multi-sig account, the account can have 100 signers.
Slow maturation of the share dropI don't think those shares should be use as collateral if don't want them to be sold early. If the position get margin called, the result is same as sold.
Even less married to this part, but might be highly beneficial [feedback please]
what else? I do not know, but should be more... I will save the next post just in case.
The share-drop on BTS matures slowly (coin-days approach for say 3 years) This is about only the audibility to sell those dShares. For all other purposes - voting, use as collateral, getting credit toward fees, receiving dividends those are absolutely active/normal shares
@tonyk I really like your idea but I don't think a competing fork with almost identical sounding features will be well received by the crypto community - they won't understand it. I suggested before going after a clearly different feature set (targeting mt4) and I still think that will be much better received.I think you're welcome by @tonyk and maybe you'll get some development fund in return and maybe some FBA-style long term income, if you can provide a mt4 plugin which works with the new chain. In this way the product get benefited as well. Hope others to do something is always easy.
If you move forward with your plan as is, it will fragment the bitshares community which is a lose lose situation for everybody.
Random suggestions:
- Allow BTC and ETH investment or at least BTC deposits that automatically convert to creating BitUSD through BTS.
- 60% sharedrop to BTS holders, let's bring in new blood
- Focus on making the internal exchange more user friendly
- Feature limitation - Let BTS be the experimental features chain, with the internal exchange and a friendly wallet, you have enough tech that blows away most projects
- Adding MT4 integration
It would be interesting what type of reaction a project with BitShares features that focuses on a smaller subset of key features and without any type of existing reputation.
Random suggestions:
- Allow BTC and ETH investment or at least BTC deposits that automatically convert to creating BitUSD through BTS.
- 60% sharedrop to BTS holders, let's bring in new blood
- Focus on making the internal exchange more user friendly
- Feature limitation - Let BTS be the experimental features chain, with the internal exchange and a friendly wallet, you have enough tech that blows away most projects
- Adding MT4 integration
It would be interesting what type of reaction a project with BitShares features that focuses on a smaller subset of key features and without any type of existing reputation.
On the above suggestions, perhaps @abit @svk and @monsterer can comment on MT4 integration work?
I like to add to the suggestions:
1) Extend to 60-day crowdfunding. Give investors more time to digest and raise fund.
2) Extend crowd funding to other crypto communities
3) Instead of giving the 10mils cap to exchanges, give the extra dshares to dshares LTM. The bonus is to let LTM members know that they are in the priviledged exclusive club.
4) Have a good simple summary of the benefits the new dshares will bring
5) Please elaborate how the dividend/interest is derived and substained in the long run. Dividend to be limited to crowd-funders and LTMs? Better still, give free LTM to crowdfunders.
6) 3-year maturity sounds good. Like abit mentioned, these share-dropped dshares should be made illiquid (eg can't use for collateral) until maturity.
7) A sufficient notification period for withdrawing bts from exchanges to qualify for sharedrop
And questions:
1) Why choose a value to be 1/7th of BTS? Why not a simple 1:1 bts or other easier calculation/marketing purpose?
2) Part of the community is concerned with (uncontrolled) dilution. State on what circumstances that dshare needs dilution or at least give your thoughts on it
+5%
Sounds good!
It would be perfect if you put bytemaster's shares in vested and he can only claim them 100 years from now.
Random suggestions:
- Allow BTC and ETH investment or at least BTC deposits that automatically convert to creating BitUSD through BTS.
- 60% sharedrop to BTS holders, let's bring in new blood
- Focus on making the internal exchange more user friendly
- Feature limitation - Let BTS be the experimental features chain, with the internal exchange and a friendly wallet, you have enough tech that blows away most projects
- Adding MT4 integration
It would be interesting what type of reaction a project with BitShares features that focuses on a smaller subset of key features and without any type of existing reputation.
On the above suggestions, perhaps @abit @svk and @monsterer can comment on MT4 integration work?
I like to add to the suggestions:
1) Extend to 60-day crowdfunding. Give investors more time to digest and raise fund.
2) Extend crowd funding to other crypto communities
3) Instead of giving the 10mils cap to exchanges, give the extra dshares to dshares LTM. The bonus is to let LTM members know that they are in the priviledged exclusive club.
4) Have a good simple summary of the benefits the new dshares will bring
5) Please elaborate how the dividend/interest is derived and substained in the long run. Dividend to be limited to crowd-funders and LTMs? Better still, give free LTM to crowdfunders.
6) 3-year maturity sounds good. Like abit mentioned, these share-dropped dshares should be made illiquid (eg can't use for collateral) until maturity.
7) A sufficient notification period for withdrawing bts from exchanges to qualify for sharedrop
And questions:
1) Why choose a value to be 1/7th of BTS? Why not a simple 1:1 bts or other easier calculation/marketing purpose?
2) Part of the community is concerned with (uncontrolled) dilution. State on what circumstances that dshare needs dilution or at least give your thoughts on it
Distribution of the new shares:
70% to the active BTS shareholders. Active defined as having their shares in their own account (outside of exchanges).
30% crowd fund/kick starter contributors.
Small is beautiful
Please do not compete with micropayments until IOTA is liquid so I can get back into BTS, because right now, I have several BTC non liquid locked in IOTA ICO.
I thought BTS chose not to compete in micropayments
Why now do you choose to take market share from Internet of Things?
https://bitcointalk.org/index.php?topic=1299209.msg13394486#msg13394486
BM said that he would work with IOTA, not compete against them!
https://bitsharestalk.org/index.php/topic,19534.msg251719.states that he will instate competitive pricing?!
I really like this idea. BTS is such a tangled knot at this point that I wouldn't mind starting with something simpler, continuing to believe in and work on both, and see which one is the better experiment.
Immitation is the sincerest form of flattery.
This is just Tony's way of telling the world how much he loves what you have done
Immitation is the sincerest form of flattery.
This is just Tony's way of telling the world how much he loves what you have done
Was that any kind of secret before?
What I actually hate, is abandoning something great in search of a new (in my opinion pipe-) dreams.
Thoughts?
Just for the record, DSHARES was the original name for my early ideas on stable crypto...
https://bitcointalk.org/index.php?topic=213588.0
;D
Just for the record, DSHARES was the original name for my early ideas on stable crypto...
https://bitcointalk.org/index.php?topic=213588.0
;D
Hey check it out.. the new dshares is only a 3 year step back in time. :)
WOO HOOO!!
Maybe we should call it FluxCapacitor.
Maybe it will only need 1.21 gigawatts to catch up to Bitshares.
Distribution of the new shares:My some shares are in buy order.What I have to cancel the buy order first?
70% to the active BTS shareholders. Active defined as having their shares in their own account (outside of exchanges).