and what will happen to our notes after we imported it to MUSE?
what will those be there for?
Export your wallet on Oct 12th and you'll likely never have to fire up the BTS client again.
Export your wallet on Oct 12th and you'll likely never have to fire up the BTS client again.
?
i am serious... i have the feeling that it will be almost worthless, because no one will need notes to do business in muse.
too bad you cannot get a normal discussion, because this stupid attitude in crypto will never disappear....
i am asking about the real value of note in the muse chain.
too bad you cannot get a normal discussion, because this stupid attitude in crypto will never disappear....
i am asking about the real value of note in the muse chain.
Export your wallet on Oct 12th and you'll likely never have to fire up the BTS client again.
?
i am serious... i have the feeling that it will be almost worthless, because no one will need notes to do business in muse.
museUSD will be backed by MUSE .. fees are payed/burned in MUSE (finally)
Thats a better value proposition than bitcoin! Satisfied?
museUSD will be backed by MUSE .. fees are payed/burned in MUSE (finally)
Thats a better value proposition than bitcoin! Satisfied?
museUSD will be backed by MUSE .. fees are payed/burned in MUSE (finally)
Thats a better value proposition than bitcoin! Satisfied?
so do you say NOTE will become MUSE?
museUSD will be backed by MUSE .. fees are payed/burned in MUSE (finally)
Thats a better value proposition than bitcoin! Satisfied?
so do you say NOTE will become MUSE?
Yes. This is how it works:
After the MUSE chain is launched, you will download and install the new MUSE wallet. Then, you will import your private keys from your BitShares wallet (which contains your NOTES). This will unlock (from the MUSE genesis block) 1 MUSE for each 1 NOTE that you own.
Then, the BitShares 1.0 blockchain will die/become irrelevant, and the NOTE UIA on this old chain will be worthless. So in a way, you are correct. The NOTE on BitShares 1.0 will be worthless, once the value is transferred to MUSE.
After this, MUSE value will likely increase, since the utility of the MUSE core asset is much greater than the utility of the NOTE on bts 1.0, which was really just a placeholder so that people could begin trading and speculating.
museUSD will be backed by MUSE .. fees are payed/burned in MUSE (finally)
Thats a better value proposition than bitcoin! Satisfied?
so do you say NOTE will become MUSE?
Yes. This is how it works:
After the MUSE chain is launched, you will download and install the new MUSE wallet. Then, you will import your private keys from your BitShares wallet (which contains your NOTES). This will unlock (from the MUSE genesis block) 1 MUSE for each 1 NOTE that you own.
Then, the BitShares 1.0 blockchain will die/become irrelevant, and the NOTE UIA on this old chain will be worthless. So in a way, you are correct. The NOTE on BitShares 1.0 will be worthless, once the value is transferred to MUSE.
After this, MUSE value will likely increase, since the utility of the MUSE core asset is much greater than the utility of the NOTE on bts 1.0, which was really just a placeholder so that people could begin trading and speculating.
I have the feeling that NOTEs will become "worthless" after museUSD launched.
What are your thoughts on that?
I have the feeling that NOTEs will become "worthless" after museUSD launched.
What are your thoughts on that?
I know I am changing the subject (slightly), but the decision to have museUSD will be the main contributor why the whole MUSE block chain fails.
There will be long discussions after the fact; with 'smart' people stating their opinions "why that happen to such a great project" [of course the smarty's will be using random things observed in the meanwhile]
But you have heard it here first - it will have failed, because of the decision to have museUSD !
Other factors will work for, as well as against it, but keeping this choice is definitely the killer feature :)... literally.
10-08-20015
I have the feeling that NOTEs will become "worthless" after museUSD launched.
What are your thoughts on that?
I know I am changing the subject (slightly), but the decision to have museUSD will be the main contributor why the whole MUSE block chain fails.
There will be long discussions after the fact; with 'smart' people stating their opinions "why that happen to such a great project" [of course the smarty's will be using random things observed in the meanwhile]
But you have heard it here first - it will have failed, because of the decision to have museUSD !
Other factors will work for, as well as against it, but keeping this choice is definitely the killer feature :)... literally.
10-08-20015
Can you explain how and why you think that will cause it to fail? Thanks.
10-08-20015Does this mean that you aren't worried about a problem occuring for at least 18,000 years :P
I have the feeling that NOTEs will become "worthless" after museUSD launched.
What are your thoughts on that?
I know I am changing the subject (slightly), but the decision to have museUSD will be the main contributor why the whole MUSE block chain fails.
There will be long discussions after the fact; with 'smart' people stating their opinions "why that happen to such a great project" [of course the smarty's will be using random things observed in the meanwhile]
But you have heard it here first - it will have failed, because of the decision to have museUSD !
Other factors will work for, as well as against it, but keeping this choice is definitely the killer feature :)... literally.
10-08-20015
Can you explain how and why you think that will cause it to fail? Thanks.
I have the feeling that NOTEs will become "worthless" after museUSD launched.
What are your thoughts on that?
I know I am changing the subject (slightly), but the decision to have museUSD will be the main contributor why the whole MUSE block chain fails.
There will be long discussions after the fact; with 'smart' people stating their opinions "why that happen to such a great project" [of course the smarty's will be using random things observed in the meanwhile]
But you have heard it here first - it will have failed, because of the decision to have museUSD !
Other factors will work for, as well as against it, but keeping this choice is definitely the killer feature :)... literally.
10-08-20015
Can you explain how and why you think that will cause it to fail? Thanks.
Sorry to be a wet blanket. Writing a description for this thing for general audiences is bloody hard. There's nothing to relate it to. You either get it or not.
I am sorry but I do not have time to explain.
--------------------
PS.
and yes, smartass it is 2015 . Like you never typed an extra character....idiots.
I know I am changing the subject (slightly), but the decision to have museUSD will be the main contributor why the whole MUSE block chain fails.
I know I am changing the subject (slightly), but the decision to have museUSD will be the main contributor why the whole MUSE block chain fails.
so even if museUSD would never launched/used you still thing the MUSE block chain would fail?
Would you prefer it to coexist on bts2.0 as a token without the need of a new chain birth and all the power of our bitAssets?
I know I am changing the subject (slightly), but the decision to have museUSD will be the main contributor why the whole MUSE block chain fails.
so even if museUSD would never launched/used you still thing the MUSE block chain would fail?
Would you prefer it to coexist on bts2.0 as a token without the need of a new chain birth and all the power of our bitAssets?
No, all am saying is that museUSD is a stupidity of such a proportion, that it will lead to Muse failing not matter what else is done.
lol tonyI know I am changing the subject (slightly), but the decision to have museUSD will be the main contributor why the whole MUSE block chain fails.
so even if museUSD would never launched/used you still thing the MUSE block chain would fail?
Would you prefer it to coexist on bts2.0 as a token without the need of a new chain birth and all the power of our bitAssets?
No, all am saying is that museUSD is a stupidity of such a proportion, that it will lead to Muse failing not matter what else is done.
What is MuseUSD?MuseUSD is the bitUSD in the MUSE chain backed by MUSE (sharedropped on NOTE) ... got it?
I know I am changing the subject (slightly), but the decision to have museUSD will be the main contributor why the whole MUSE block chain fails.
so even if museUSD would never launched/used you still thing the MUSE block chain would fail?
Would you prefer it to coexist on bts2.0 as a token without the need of a new chain birth and all the power of our bitAssets?
No, all am saying is that museUSD is a stupidity of such a proportion, that it will lead to Muse failing not matter what else is done.
bitusd in BTS chain almost failure because of lack of liquility.You forget one big difference ... that is that MUSE will have peertracks actually USING(!!!) the muse_usd for their service ..
In my opnion, it's not a good time to separate the liquility for smart asset to multi chain.
so I don't think bitusd in MUSE can bring some advantage for now.
Instead, bitUSD will bring many confuse to understand and use MUSE.
bitusd in BTS chain almost failure because of lack of liquility.You forget one big difference ... that is that MUSE will have peertracks actually USING(!!!) the muse_usd for their service ..
In my opnion, it's not a good time to separate the liquility for smart asset to multi chain.
so I don't think bitusd in MUSE can bring some advantage for now.
Instead, bitUSD will bring many confuse to understand and use MUSE.
besides exchanges and gateways there is no much demand for bitUSD .. that may be different with muse_USD ..
NOTE market will be shutdown after the snapshot and not migrated to BTS 2.0 (BM today's mumble).. instead it will be migrated to the MUSE blockchain .. so
Export your wallet on Oct 12th and you'll likely never have to fire up the BTS client again.
?
i am serious... i have the feeling that it will be almost worthless, because no one will need notes to do business in muse.
tonyk do you have a proposed solution for a stable crypto that can be used by the music industry?
The only "solution" I see is a merger with the main BTS chain. So coding up the Automatic Royalty Payment Splitter into BTS 2.0 and having everything run on Bit_USD (collateralized by BTS)
This would be great for liquidity no doubt and make it cheaper (less nodes to pay) and grow the network effect. But there are a bunch of other problems imo.
1st We want MUSE to be a blockchain for the Music industry. Meaning a global database that finally takes care of the mess with global royalty payments and copyrights for music.
2nd have it "owned" by the music industry. The "board of directors" aka people that have been delegated voting power (through proxy voting) should know a thing or two about that ridiculously complicated world.
3rd The business model of BTS is different. BTS has high fees and paid memberships with the referral program. It makes total sense when you are undercutting E-trade, Questrade and the like. But we are entering a different market. We want fees to be a competitive as possible in the music market. We want little Jimmy to trade his Beiber Notes with little Jenny from his mobile App without paying 20 cents or buying a lifetime membership at 80$.
What are your thoughts? A separate blockchain to me seemed like the best solution for our needs. But I'm not the smartest guy in the room by a long shot! Long long long shot :)
tonyk do you have a proposed solution for a stable crypto that can be used by the music industry?
The only "solution" I see is a merger with the main BTS chain. So coding up the Automatic Royalty Payment Splitter into BTS 2.0 and having everything run on Bit_USD (collateralized by BTS)
This would be great for liquidity no doubt and make it cheaper (less nodes to pay) and grow the network effect. But there are a bunch of other problems imo.
1st We want MUSE to be a blockchain for the Music industry. Meaning a global database that finally takes care of the mess with global royalty payments and copyrights for music.
2nd have it "owned" by the music industry. The "board of directors" aka people that have been delegated voting power (through proxy voting) should know a thing or two about that ridiculously complicated world.
3rd The business model of BTS is different. BTS has high fees and paid memberships with the referral program. It makes total sense when you are undercutting E-trade, Questrade and the like. But we are entering a different market. We want fees to be a competitive as possible in the music market. We want little Jimmy to trade his Beiber Notes with little Jenny from his mobile App without paying 20 cents or buying a lifetime membership at 80$.
What are your thoughts? A separate blockchain to me seemed like the best solution for our needs. But I'm not the smartest guy in the room by a long shot! Long long long shot :)
I have thoughts...and sometimes solutions too. Unfortunately my efforts are the only ones that apparently do not deserve compensation around here...hell even the clueless traveling *scapes got free trips for the only effort of being coooool.
So, yes for this pay I can only repeat what I said and try to earn money by using my knowledge otherwise (instead of sharing it for free) :
"Own, in-house, museUSD is a suicidal decision for the MUSE blockchain."
tonyk do you have a proposed solution for a stable crypto that can be used by the music industry?
The only "solution" I see is a merger with the main BTS chain. So coding up the Automatic Royalty Payment Splitter into BTS 2.0 and having everything run on Bit_USD (collateralized by BTS)
This would be great for liquidity no doubt and make it cheaper (less nodes to pay) and grow the network effect. But there are a bunch of other problems imo.
1st We want MUSE to be a blockchain for the Music industry. Meaning a global database that finally takes care of the mess with global royalty payments and copyrights for music.
2nd have it "owned" by the music industry. The "board of directors" aka people that have been delegated voting power (through proxy voting) should know a thing or two about that ridiculously complicated world.
3rd The business model of BTS is different. BTS has high fees and paid memberships with the referral program. It makes total sense when you are undercutting E-trade, Questrade and the like. But we are entering a different market. We want fees to be a competitive as possible in the music market. We want little Jimmy to trade his Beiber Notes with little Jenny from his mobile App without paying 20 cents or buying a lifetime membership at 80$.
What are your thoughts? A separate blockchain to me seemed like the best solution for our needs. But I'm not the smartest guy in the room by a long shot! Long long long shot :)
I have doubled my amount of notes that i purchased last year during the auction crowdsale over the last months.
tonyk do you have a proposed solution for a stable crypto that can be used by the music industry?
The only "solution" I see is a merger with the main BTS chain. So coding up the Automatic Royalty Payment Splitter into BTS 2.0 and having everything run on Bit_USD (collateralized by BTS)
This would be great for liquidity no doubt and make it cheaper (less nodes to pay) and grow the network effect. But there are a bunch of other problems imo.
1st We want MUSE to be a blockchain for the Music industry. Meaning a global database that finally takes care of the mess with global royalty payments and copyrights for music.
2nd have it "owned" by the music industry. The "board of directors" aka people that have been delegated voting power (through proxy voting) should know a thing or two about that ridiculously complicated world.
3rd The business model of BTS is different. BTS has high fees and paid memberships with the referral program. It makes total sense when you are undercutting E-trade, Questrade and the like. But we are entering a different market. We want fees to be a competitive as possible in the music market. We want little Jimmy to trade his Beiber Notes with little Jenny from his mobile App without paying 20 cents or buying a lifetime membership at 80$.
What are your thoughts? A separate blockchain to me seemed like the best solution for our needs. But I'm not the smartest guy in the room by a long shot! Long long long shot :)
I have thoughts...and sometimes solutions too. Unfortunately my efforts are the only ones that apparently do not deserve compensation around here...hell even the clueless traveling *scapes got free trips for the only effort of being coooool.
So, yes for this pay I can only repeat what I said and try to earn money by using my knowledge otherwise (instead of sharing it for free) :
"Own, in-house, museUSD is a suicidal decision for the MUSE blockchain."
museUSD is cool
What are the chances that Muse can gain mass adoption faster than BitSharez?
Answer:
If MUSE USD is a bad idea then so is bitUSD and ChaseUSD and CoinbaseUSD and USD on every third party exchange, bank, or website that is used for exchange of goods and services.
tonyk do you have a proposed solution for a stable crypto that can be used by the music industry?
The only "solution" I see is a merger with the main BTS chain. So coding up the Automatic Royalty Payment Splitter into BTS 2.0 and having everything run on Bit_USD (collateralized by BTS)
This would be great for liquidity no doubt and make it cheaper (less nodes to pay) and grow the network effect. But there are a bunch of other problems imo.
1st We want MUSE to be a blockchain for the Music industry. Meaning a global database that finally takes care of the mess with global royalty payments and copyrights for music.
2nd have it "owned" by the music industry. The "board of directors" aka people that have been delegated voting power (through proxy voting) should know a thing or two about that ridiculously complicated world.
3rd The business model of BTS is different. BTS has high fees and paid memberships with the referral program. It makes total sense when you are undercutting E-trade, Questrade and the like. But we are entering a different market. We want fees to be a competitive as possible in the music market. We want little Jimmy to trade his Beiber Notes with little Jenny from his mobile App without paying 20 cents or buying a lifetime membership at 80$.
What are your thoughts? A separate blockchain to me seemed like the best solution for our needs. But I'm not the smartest guy in the room by a long shot! Long long long shot :)
I have thoughts...and sometimes solutions too. Unfortunately my efforts are the only ones that apparently do not deserve compensation around here...hell even the clueless traveling *scapes got free trips for the only effort of being coooool.
So, yes for this pay I can only repeat what I said and try to earn money by using my knowledge otherwise (instead of sharing it for free) :
"Own, in-house, museUSD is a suicidal decision for the MUSE blockchain."
tonyk, I used to like your posts.. they kept out the riff-raff. Now they are the riff-raff.
You're not a fan of our documentary project... ok. I don't have a problem with that.
What I do have a problem with is your endless personal attacks. It's unprofessional, toxic, malicious.... and way out of line.
tonyk do you have a proposed solution for a stable crypto that can be used by the music industry?
The only "solution" I see is a merger with the main BTS chain. So coding up the Automatic Royalty Payment Splitter into BTS 2.0 and having everything run on Bit_USD (collateralized by BTS)
This would be great for liquidity no doubt and make it cheaper (less nodes to pay) and grow the network effect. But there are a bunch of other problems imo.
1st We want MUSE to be a blockchain for the Music industry. Meaning a global database that finally takes care of the mess with global royalty payments and copyrights for music.
2nd have it "owned" by the music industry. The "board of directors" aka people that have been delegated voting power (through proxy voting) should know a thing or two about that ridiculously complicated world.
3rd The business model of BTS is different. BTS has high fees and paid memberships with the referral program. It makes total sense when you are undercutting E-trade, Questrade and the like. But we are entering a different market. We want fees to be a competitive as possible in the music market. We want little Jimmy to trade his Beiber Notes with little Jenny from his mobile App without paying 20 cents or buying a lifetime membership at 80$.
What are your thoughts? A separate blockchain to me seemed like the best solution for our needs. But I'm not the smartest guy in the room by a long shot! Long long long shot :)
I have thoughts...and sometimes solutions too. Unfortunately my efforts are the only ones that apparently do not deserve compensation around here...hell even the clueless traveling *scapes got free trips for the only effort of being coooool.
So, yes for this pay I can only repeat what I said and try to earn money by using my knowledge otherwise (instead of sharing it for free) :
"Own, in-house, museUSD is a suicidal decision for the MUSE blockchain."
tonyk, I used to like your posts.. they kept out the riff-raff. Now they are the riff-raff.
You're not a fan of our documentary project... ok. I don't have a problem with that.
What I do have a problem with is your endless personal attacks. It's unprofessional, toxic, malicious.... and way out of line.
The problem is that not everyone sees value in everything. We can have our own points of view and tony is allowed to have his. I love our community and how it has grown though...including tony, though i do wish he would refrain from his personal attacks at times too...
What he doesnt quite understand is that many of the GOOD people who received delegate pay (including bit and roadscape) have lottle to show for it other than some money they would have had to put up for it.
For instance beyond bitcoins delegate has not paid me, but has given the bitshares guild a great deal of value...and the delegate pay divided among ourselves and minebitshares has essentially covered minimal costs. It is simple reality.
I think the solution to MUSE_USD lies in its use.
How will users pay for MUSE? Can they use PayPal or credit card to purchase MUSE (formerly NOTES) via PeerTracks? If so wouldn't PayPal_USD ≈ CORE_USD? In my mind MUSE_USD would simply act as a basket of currencies denominated in "_USD" throughout the ecosystem.
I think the solution to MUSE_USD lies in its use.
How will users pay for MUSE? Can they use PayPal or credit card to purchase MUSE (formerly NOTES) via PeerTracks? If so wouldn't PayPal_USD ≈ CORE_USD? In my mind MUSE_USD would simply act as a basket of currencies denominated in "_USD" throughout the ecosystem.
People wishing to buy music, merch, concert tickets, tip, patron, etc. whether doing it on PeerTracks or any other website that connects to MUSE can do so using Smartcoins/MPA.
In this way, both consumers and creators (artists) do business in a currency they are used to (the USD for example)
No need to understand crypto currency, blockchain or any of that "nonesense"
Products are denominated in familiar ways (as opposed to paying 0.00017BTC for a song download) and of course they are shielded from volatility associated with crypto or stock markets.
So the muse_USD will be currency of the music industry... Collateralized by the MUSE core units.
Make sense?
I think the solution to MUSE_USD lies in its use.
How will users pay for MUSE? Can they use PayPal or credit card to purchase MUSE (formerly NOTES) via PeerTracks? If so wouldn't PayPal_USD ≈ CORE_USD? In my mind MUSE_USD would simply act as a basket of currencies denominated in "_USD" throughout the ecosystem.
People wishing to buy music, merch, concert tickets, tip, patron, etc. whether doing it on PeerTracks or any other website that connects to MUSE can do so using Smartcoins/MPA.
In this way, both consumers and creators (artists) do business in a currency they are used to (the USD for example)
No need to understand crypto currency, blockchain or any of that "nonesense"
Products are denominated in familiar ways (as opposed to paying 0.00017BTC for a song download) and of course they are shielded from volatility associated with crypto or stock markets.
So the muse_USD will be currency of the music industry... Collateralized by the MUSE core units.
Make sense?
the only problem is the name... i still think it will not contribute to a quick success. There is still too much association with the famous band MUSE.
Thats why it needs a lot of press and talk to hit google top search results. Otherwise you will have a hard time exploring the project and system behind it.
...crypto exchanges where people are assumed to know what they are doing. Heh.