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At some point I am going to have to devote myself to the study of clarity among the masses of people that are half-paying attention. 1000's of options is a real mess, people say they want choices, but tend to choose Apple which is famous for removing choices. People say they want freedom, but then choose tyranny to avoid having to think for themselves.Understanding this is likely as important as economics and is something we have clearly not mastered.One chain that upgrades over time is clearly the most simple approach you can have.
Quote from: Gentso1 on June 23, 2014, 09:43:04 pmI agree with the number of brand new accounts and the fact that they are all negative but whats the point, you can't buy XTS yet........ But you can spread Fear such that on launch .. weak handed investors sell their stake low
I agree with the number of brand new accounts and the fact that they are all negative but whats the point, you can't buy XTS yet........
Can someone clarify exact function of the chains BTSXI and BTSXV?
"propaganda campaign"
Quote from: GregGozzo on June 24, 2014, 11:34:11 amQuote from: xeroc on June 23, 2014, 08:22:03 pmQuote from: neil54321 on June 23, 2014, 08:18:53 pmThere are too many BTS investors can't read or understand English. no matter how many times you explaining to them... let me try once more, pay attention please:For BTS investors. you will be honored 100% of future banking &financing related DACs, which include bts x xi xii xiii..... plus other banking and financing related DACs. for example , If 3i copied the code of NXT or XCP. the 100% of new coins created will be distributed to BTS holders.(why no reservation for DEV team ? because 3i own some bts as well, from your donated before feb 28. So we are on the same boat 3i is a long sight company, it will have more product which not only restricted in banking and financing field . such as 3i music, 3i insurance. For these non finaning related DACs , at least of 10% will be honored to PTS and AGS holders. I find Chinese bts community become really upset today. I ask for any reason, but nobody can explain to me. i think 80% of this nonsense due to language barrier and 20% is because under education.i give up to explain these to my Chinese people. they prefer screaming rather than thinking with their own brain.+5 .. nice summary .. I think there might be market manipulation ongoing in order to get hands on cheap XTS ... most FUD is/was created by newbies on the forum with accounts created the last few days ..There is no market yet.There is also no market manipulation at all! unless you hack a financal institute .. every other market manipulation happens in the minds of weak-handed .. steered by strong-handed ..and this steering can be done well before a product is at place .. let's call it negative marketing.. however ,, negative PR seems to also we worth something!If you guys continue with your FUD and I cannot stop weak-handed to sell their stake I can be happy with that because I can buy more! However I cannot support market manipulation!
Quote from: xeroc on June 23, 2014, 08:22:03 pmQuote from: neil54321 on June 23, 2014, 08:18:53 pmThere are too many BTS investors can't read or understand English. no matter how many times you explaining to them... let me try once more, pay attention please:For BTS investors. you will be honored 100% of future banking &financing related DACs, which include bts x xi xii xiii..... plus other banking and financing related DACs. for example , If 3i copied the code of NXT or XCP. the 100% of new coins created will be distributed to BTS holders.(why no reservation for DEV team ? because 3i own some bts as well, from your donated before feb 28. So we are on the same boat 3i is a long sight company, it will have more product which not only restricted in banking and financing field . such as 3i music, 3i insurance. For these non finaning related DACs , at least of 10% will be honored to PTS and AGS holders. I find Chinese bts community become really upset today. I ask for any reason, but nobody can explain to me. i think 80% of this nonsense due to language barrier and 20% is because under education.i give up to explain these to my Chinese people. they prefer screaming rather than thinking with their own brain.+5 .. nice summary .. I think there might be market manipulation ongoing in order to get hands on cheap XTS ... most FUD is/was created by newbies on the forum with accounts created the last few days ..There is no market yet.
Quote from: neil54321 on June 23, 2014, 08:18:53 pmThere are too many BTS investors can't read or understand English. no matter how many times you explaining to them... let me try once more, pay attention please:For BTS investors. you will be honored 100% of future banking &financing related DACs, which include bts x xi xii xiii..... plus other banking and financing related DACs. for example , If 3i copied the code of NXT or XCP. the 100% of new coins created will be distributed to BTS holders.(why no reservation for DEV team ? because 3i own some bts as well, from your donated before feb 28. So we are on the same boat 3i is a long sight company, it will have more product which not only restricted in banking and financing field . such as 3i music, 3i insurance. For these non finaning related DACs , at least of 10% will be honored to PTS and AGS holders. I find Chinese bts community become really upset today. I ask for any reason, but nobody can explain to me. i think 80% of this nonsense due to language barrier and 20% is because under education.i give up to explain these to my Chinese people. they prefer screaming rather than thinking with their own brain.+5 .. nice summary .. I think there might be market manipulation ongoing in order to get hands on cheap XTS ... most FUD is/was created by newbies on the forum with accounts created the last few days ..
There are too many BTS investors can't read or understand English. no matter how many times you explaining to them... let me try once more, pay attention please:For BTS investors. you will be honored 100% of future banking &financing related DACs, which include bts x xi xii xiii..... plus other banking and financing related DACs. for example , If 3i copied the code of NXT or XCP. the 100% of new coins created will be distributed to BTS holders.(why no reservation for DEV team ? because 3i own some bts as well, from your donated before feb 28. So we are on the same boat 3i is a long sight company, it will have more product which not only restricted in banking and financing field . such as 3i music, 3i insurance. For these non finaning related DACs , at least of 10% will be honored to PTS and AGS holders. I find Chinese bts community become really upset today. I ask for any reason, but nobody can explain to me. i think 80% of this nonsense due to language barrier and 20% is because under education.i give up to explain these to my Chinese people. they prefer screaming rather than thinking with their own brain.
I think there might be market manipulation ongoing in order to get hands on cheap XTS ... most FUD is/was created by newbies on the forum with accounts created the last few days ..
Quote from: toast on June 23, 2014, 05:33:25 am3) BitShares XT will be the snapshot target for *all* subsequent BitShares X DACs. These won't appear until long after everyone understands BTS X.2 things1 - See above quote, does this change the future deliverables to PTS or AGS at all? It seems like this is transferring future value to BTS X away from PTS and AGS, right?As we described in the March newsletter, BTS XT is a proto-DAC which allows people to invest in one sector of the BitShares industry like PTS does for the entire rest of the industry. Because it honors PTS/AGS 50/50, honoring it is the "grandfather clause" way to fulfill the Social Consensus - while indirectly having the side effect of making AGS liquid for any sector that adopts this optional clause. Meanwhile, PTS and AGS continue to represent the entry point for all other DACs or protoDACs outside the X sector.2 - If no dilution for delegate pay, where is that coming from?Well, (don't tell anybody, but you may have been right), we should have reserved some of XT %'s for "future purposes" and hence don't have it reserved now to help promote that chain in any of the ways we have since invented. So, without dilution, delegates will have to settle for a shares of transaction fees. That may be ok, because being a delegate for the first full scale BitShares X protoDAC may be enough of an honor itself to motivate strong candidates until transaction income becomes sufficient. It does seem like a showcase opportunity to build a reputation that makes you a more competitive candidate for other DACs where being a delegate carries greater responsibilities and compensation. The first DAC that goes to the moon because it has the fittest Darwin-selected delegates working hard to promote it will set the ultimate trend. I don't think it will be long before someone tries it.
3) BitShares XT will be the snapshot target for *all* subsequent BitShares X DACs. These won't appear until long after everyone understands BTS X.
Explain like I'm 5 version: ....1) BitShares XT will launch without market functionality but will be upgraded to a full-featured BitShares X DAC. It will have a small number of BitAssets, probably USD, GLD, and BTC. .....
Some recent posts by BM have caused a bit of panic. I just talked to him and we came up with a clearer game plan which I think this will make everyone happy.Explain like I'm 5 version: XT is now what most people probably think BitShares X is. Buy XT, have decentralized exchange. No dilution.1) BitShares XT will launch without market functionality but will be upgraded to a full-featured BitShares X DAC. It will have a small number of BitAssets, probably USD, GLD, and BTC. 2) BitShares XT will be 50/50 with no dilution for delegate pay.3) BitShares XT will be the snapshot target for *all* subsequent BitShares X DACs. These won't appear until long after everyone understands BTS X.For example, BitShares XCC might trade cryptocurrency, XFC might trade fiat currency, XCM might trade commodities, etc.These will all share *some* BitAssets and have cross-chain trading. This was how it was described in the whitepaper back in fall 2013. What a lot of people think of as "the one BitShares X" is actually a collection of X chains that have cross-chain trading of shared bitassets. The idea is that once you have BitUSD it doesn't matter which chain is backing it.4) I3 will focus almost exclusively on XT for a long time. Anyone who launches the subsequent chains will honor XT and pull upgrades to XT onto their chains.Notice that:* There was never a plan to have one monolithic "BitShares X" chain, not even back in november. Heck, there's even a sticky at the top of this forum that describes this: https://bitsharestalk.org/index.php?topic=2940.0* It was always the case that any chain could be forked with different parameters at any time. Now that XT will be a real bts X chain with bitassets, this is no different from BM having said "hey, our clones would probably do better if they dilute their shares to pay the delegates".
Quote from: deer on June 23, 2014, 11:18:18 amQuote from: yinchanggong on June 23, 2014, 10:30:16 amQuote from: xeroc on June 23, 2014, 09:24:13 amAnd you still do .. unless you sell your BitShares XT.The key word is 100%. If I have 1% xts before bitshare xt→bitshares x, but after the transformation, I only get 0.2% bts in bitshares x. Does this possibility exist?If things like this, I can accepet it only in one reason.The bitshares xt have become mature enough, the price of xts is enough to make the early investor get their cost back.Agree.....still 1% or not?simple question,please.just a"yes or no"question
Quote from: yinchanggong on June 23, 2014, 10:30:16 amQuote from: xeroc on June 23, 2014, 09:24:13 amAnd you still do .. unless you sell your BitShares XT.The key word is 100%. If I have 1% xts before bitshare xt→bitshares x, but after the transformation, I only get 0.2% bts in bitshares x. Does this possibility exist?If things like this, I can accepet it only in one reason.The bitshares xt have become mature enough, the price of xts is enough to make the early investor get their cost back.Agree.....still 1% or not?simple question,please.
Quote from: xeroc on June 23, 2014, 09:24:13 amAnd you still do .. unless you sell your BitShares XT.The key word is 100%. If I have 1% xts before bitshare xt→bitshares x, but after the transformation, I only get 0.2% bts in bitshares x. Does this possibility exist?If things like this, I can accepet it only in one reason.The bitshares xt have become mature enough, the price of xts is enough to make the early investor get their cost back.
And you still do .. unless you sell your BitShares XT.
I.e. no automatic destruction or burning of fees. ...
Quote2) BitShares XT will be 50/50 with no dilution for delegate pay.What does this mean, exactly?
2) BitShares XT will be 50/50 with no dilution for delegate pay.
4) I3 will focus almost exclusively on XT for a long time. Anyone who launches the subsequent chains will honor XT and pull upgrades to XT onto their chains.
Quote from: heyD on June 23, 2014, 08:38:05 amSo the remaining question: How will the official DACs Bitshares X* honor XT ? 100% ? 80% ? 50% ? 20%? 10%?Only with 100% would make everybody happy, I guess.yea, we all think we invest in bitshares X. The bitshares xt just a temporary substitute.
So the remaining question: How will the official DACs Bitshares X* honor XT ? 100% ? 80% ? 50% ? 20%? 10%?Only with 100% would make everybody happy, I guess.
It's non of the devs issues to educate the people in a proper way .. its the task of the investor do research BEFORE investing Anyway .. i see the community failing could and should do better in explaining BitShares ecosystem, BitShares XT and BitShares X to the masses.However, once the community wrote sth. it's up the the people to READ it.BTW. this forum has neat feature called 'search'
Quote from: bytemaster on June 23, 2014, 05:50:22 amAt some point I am going to have to devote myself to the study of clarity among the masses of people that are half-paying attention. 1000's of options is a real mess, people say they want choices, but tend to choose Apple which is famous for removing choices. People say they want freedom, but then choose tyranny to avoid having to think for themselves.Understanding this is likely as important as economics and is something we have clearly not mastered.One chain that upgrades over time is clearly the most simple approach you can have. There is no lazy reader,just lazy writer.I once guide a little ordinary girl in elementary school to install Linux and setup a remote power switch base on mobile phone network . When you write something ,try to imagine your reader knows nothing about the subject.And if you can't ? Just do not say anything , ask one of your employee who knows to do that for you.
Quote from: xeroc on June 23, 2014, 05:44:33 am.. and the name of XT will be "target"?!Open to interpretation, I suppose. I'm naming it "XT".
.. and the name of XT will be "target"?!
Toast,just try to tell your father\mother\brother\sister\classmate\etc.... this post ,and then ask them if they know exactly what you're talking about with any confusions.Then,you would understand why most of us still don't understand.......Just like : I use Windows XP,sometimes I will use Windows NT4.0,then I switch to Win3.1,but now I'm back to Windows XP SP3,oh,I have a Windows 7 64bit too.Haha,Windows is good ,ah ,you guys should use windows .People: Windows what now ? If I buy Win3.1,do I have Windows or not ?