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General Discussion / Re: Dan's Next Project - EOS Rears its Head
« on: May 17, 2017, 04:05:27 am »

With what is happening This Summer, you  won't even be thinking about EOS till Christmas.

Please stop pumping me.  :P

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General Discussion / Re: Dan's Next Project - EOS Rears its Head
« on: May 17, 2017, 03:56:58 am »
If we don't do it someone else will and we won't own any of it.


If Dan DOES NOT build in a NATIVE EOS DEX, then I will say it's a massive missed opportunity.

If Dan DOES build a NATIVE EOS DEX, then BTS is outcompeted from the start. So sidechain to EOS - or fork EOS, copy in the BTS assets and upgrade so that it's already on Poloniex.

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General Discussion / Re: Dan's Next Project - EOS Rears its Head
« on: May 17, 2017, 03:52:14 am »
Nothing can stop him from inventing the next big thing.
Knowing that, make your investments.

I have to agree with this. The EOS will pump like God giving CPR.

I'm going to take some good profits on the first pump, and hold some to see if it can replicate Ethereum like insanity.

That said, let's not run the BTS community into the ranting and pursuing tech changes that should not take place.  Cut out unreasonable and impractical options - and take the low hanging fruit, which being sidechains secured with DPoS like committees.

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General Discussion / Re: Dan's Next Project - EOS Rears its Head
« on: May 17, 2017, 03:42:55 am »

No reason we all can't own BitShares 3.0 as well.  :)

There's no reason we can't, but is there a reason we should? It seems like a low-opportunity and possibly detrimental marketing choice, respectfully.

I concluded above that a sidechain asset into a native EOS DEX would make the most sense.  Competition is good for everyone, at least those like us with good tech.

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General Discussion / Re: Dan's Next Project - EOS Rears its Head
« on: May 17, 2017, 03:34:13 am »
I know that very well. That's why I want to encourage everybody to think deeply how to vote in the near future. Do you want to keep on going the unsuccessful road or choose another one that might be better?

Has anyone actually thought about how BTS in EOS would work?

An EOS native token to BTS would be like Ethereum Gas to Maker DAO, but it probably uses Steem style rate limiting (as Dan seems to have suggested some fee-less trading), meaning the more EOS you hold, the more you can trade for free, up to your proportional bandwidth limits.

Adding this up, if BTS were built into the EOS Virtual Machine (Wren), then it means for BTS to work as a part of EOS that BTS traders need to hold EOS.

Dan concluded in 2013, the best business model for a native asset is to be the primary currency like BTS and Ethereum are trying to be now.  It seems he came to the same conclusion for EOS, which will be native asset, and most likely to gain windfall investment.

From a techincal standpoint, it would be a better strategy for Dan (and for the future of Decentralized Exchange) to build a system of EOS with an absolute native DEX running primarily on EOS with Customizeable and Progammable UIAs, Smartcoins, and two way side chain assets with Witnesses acting as side chain signers.  This would create the optimal DEX because it would include the potential for creativity and Unique Selling Propositions (USPs) and therefore succesful ICOs - and with this functionality at the core there is no need for a decentralized exchange to demand secondary assets in order to trade.

Further on BTS, if it were to be re-written as a EOS Wren app, then a ton of work would need to be done, and that could take forever. BTS holders, if they commit to something, may be disappointed by the transition leading to vaporware or worse.

Frankly, Dan must know this. Because of that, this whole 'BTS inside EOS' must be a marketing and tribe creating strategy more than anything (and hell, some (seemingly empty) promises need to exist to replace the lack of sharedrop, which would be the viable alternative to migrate over the BTS tribe).

And in practical conclusion, BTS is not likely to become anything more than a sidechain asset, which of course will have its own economic security limits, like all sidechains. Further, if the EOS does have its own native DEX, like it should, then the BTS sidechain assets are destined to play second fiddle.

Sorry for the chicken scratch. It's late here.

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