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Messages - Thom

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241
Guys!

As the stealth feature development approaches completion (@kenCode, we need to get as close an estimate as possible on the ETA for stealth),
we need to have our marketing approach thought out and started, so we build anticipation in the market that peaks when the feature becomes available.

@kenCode, you provide lots of detail in your updates, but in order to create a marketing plan and begin executing it we need to have:

  1) a stealth-specific roadmap (i.e. feature element schedule) of milestones that marketing can use to create a marketing plan that coincides with it

  2) screenshots, docs / design elements / use cases and other "bits" for the stealth design for which videos and marketing materials can be produced

We need to start coordinating stealth development with marketing NOW, to build anticipation and capitalize on the demand for stealth in the marketplace.

Let's not let this opportunity slip away!

242
General Discussion / Re: Bitshares price discussion
« on: March 21, 2017, 06:19:57 pm »
Full disclosure: I am a Dash fan, have profited from it's meteoric rise in marketcap and like the way the project is run. They have a plan and a simple and reasonable governance model. THAT SAID, I must also confess I'm learning a lot about the details of Dash Amanda won't tell you about in Dash Detailed. The shady origins of Dash's early days. The premine, the coinjoin algorithm at the heart of Dash's "privacy". Of course a major weakness with Dash is that it's based on Bitcoin. A smart business move to get Dash off the ground but not a very good long term strategy.

I don't own much Dash. I sold 40% of my holdings when the price got over $110. After the research I have done this morning (this for starters) I will likely sell more, but I will not sell it all. My thought was to sell high, wait for the almost certain dip and buy more at a lower price. I am more bearish on buying back in later. I have made a 150% profit and I still own 60% of my original Dash holding. If the price drops below $80 I will sell at least another 10 Dash of my remaining holdings to increase my profit to over 250% from my original investment.

All the info coming to my awareness now makes me feel lucky I didn't loose in this investment. I'm less a fan of Dash now, but still believe it has some merit, if nothing else through the governance model Dash brings to the table via it's Masternodes. Understanding Dash's Masternodes is crucial. How many are independent (i.e. how many Masternodes are run or controlled by Duffield or Dash insiders, i.e. are centralized?) and how many keep logs that could render the coinjoin "privacy" traceable and ineffective? As for the premine, underlying principles and motivation of the founders I'm now more skeptical.

So keep up the work @kenCode and when you're ready to announce stealth in BitShares with an easy to use UI and a UX even grandma can handle we'll blast Dash away with solid substance of true privacy and ease of use.


I am skeptical since BTS isn't really outperforming many currencies.  Dash and ETH are getting hundreds of millions of dollars pumped into them

It's not even logical for ETH and DASH to have that much of a pump considering how those technologies are being utilized in the real world.  Tell me, how many times have you used Dash and ETH in your daily life recently?

Exactly. There's lots of hype about why a coin is getting all the market cap, but the fact is, unless the general public starts regularly using that coin for something, then it's just a speculators playground for now.
 
BlockPay was released months ago and continues to get better and better each week, yet I only see frikn ONE merchant using it so far. If you want to actually use your favorite coin at a store, then people need to get off ass and go show BlockPay to that merchant. It's as easy as that. Just install it on a tablet, and show the merchant that with BlockPay, they can accept one or more digital currencies at zero cost. It's another path to profits. wtf
 
Dash is doing a great job and their community is starting to talk about BlockPay as well. What about the Ethereum and Bitcoin communities? No, they seem to have that arrogant "we will be the one chain to rule them all mentality". That ego will be their demise, I assure you.
 
If you want real adoption of your chain, then you should really take a look at BlockPay imo. Man, I am integrating BlockPay with everything now.. Card swipe machines, vending machines, various cash register systems, TV's, even IoT devices.
 
Pump-n-dumps might be fun for speculators, but the real world needs ways to use your coin.
BlockPay. Stealth. C-IPFS/meshnet. Echo.

243
Stakeholder Proposals / Re: Witness Report for Verbaltech2
« on: March 20, 2017, 09:41:56 pm »
Yep, it is now, thanks fav!

I initially looked at it 25 minutes after your post, probably was too fast. Maintenance is ever hour now I believe.

244
Stakeholder Proposals / Re: Witness Report for Verbaltech2
« on: March 20, 2017, 08:07:23 pm »
fair enough, voted.

Thanks @fav. So why don't I see a 'Y' under fav for verbaltech2 in the voting report for witnesses on cryptofresh?

245
Stakeholder Proposals / Witness Report for Verbaltech2
« on: March 20, 2017, 06:56:52 pm »
It's been quite awhile since I updated the community on activities of the BitShares verbaltech2 witness.

As I described in the thread topic about increasing witness pay, I am committed to increasing my involvement and stepping up my game.

I participated in the recent testnet by building the code, and deploying 2 new fullnodes (8GB, 32GB RAM). I was online in mumble throughout the testing.

I have registered a new domain name for all full nodes (seed nodes, witness nodes and redundant witness nodes) and created a pull request in github to update applications.cpp which contain the seed node definitions.

I have upgraded the node in Australia to an 8GB, quad core CPU to handle the increased trading activity on the DEX. I will also be upgrading another node to 8GB (probably the one in Singapore) later this week.

I have deployed the latest build of the witness_node to all of the nodes.

I began to notice an increase in my missed block count over the last couple of months. Since January 15th 4 blocks have been missed. Reviewing the server load I can see no obvious cause for it. Keep in mind this represents a very low failure rate of only 0.3%. Network latency is reasonable, even for the nodes in Singapore and Australia at between 300 and 400ms. 

I am also coming up to speed on Python, and I will be looking into why the latest 0.4.8 version of bts_tools fails to successfully build the witness software from source. It's not a must-have feature of the tools, as the build is pretty easy to do manually now, but it will serve as an aid to getting more proficient with Python as well as contribute a bug fix to wackou's most excellent bts_tools. After that I will turn my attention to python-bitshares. and uptick.

246
Stakeholder Proposals / Re: [worker] Python-steem and uptick (1.14.52)
« on: March 20, 2017, 06:01:24 pm »
Thx for the update, keep us posted on progress / people involved with Foundation setup.

247
Stakeholder Proposals / Re: [worker] Python-steem and uptick (1.14.52)
« on: March 20, 2017, 05:45:40 pm »
Excellent xeroc! I hope this concept takes hold and it becomes a more reliable and superior method to fund workers.

What is the ETA on the Foundation becoming operational?

Update

A couple minutes ago, we have process the first "combo-proposal" in order to
1.) Obtain the worker pay
2.) Obtain 4350 bitUSD from the BTS:USD market
3.) Send the USD to chainsquad (in 4 chunks according to the proposal)

The script that generated the combo-proposal can be found here:
https://github.com/xeroc/worker-proposals/blob/master/2017-02-claim-1.py

Obviously, it uses python-bitshares.

As a remark, after the approval of the proposal by 3 parties in the multisig group, the transaction executed instantly and created some volume in the DEX.

This is the message I have sent to the people involved in the multisig group
Quote
It's time to continue our little multisig experiment. I have created a proposal that a) claims all BTS from the worker, buys USD and sends USD to chainsquad: 1.10.1457.

I would appreciate your approval.

All points in the first milestone (https://github.com/xeroc/worker-proposals/blob/master/2017-02.md) have been reached, code is published and working (the proposal has been created with that library) - milestone 2 is almost ready, except for the trading algorithm specific code.

Feedback is welcome. Please approve the proposal until "2017-03-21T11:27:23" (UTC) .. then we can see if everything works as expected ..

PS. this is not meant for the public as I don't want anyone to take advantage of the rather big USD-buy order that this proposal is going to create (+fill)

I'd say, the whole setup works nicely and I recommend to consider it more actively fro future workers.

Regards
 -- Faban

248
Ok, so I'm pretty sure I didn't ever claim...

It pays to be attentive to one's investments. It sounds like you made an investment over 2 years ago in a field of rapid evolution and changes, yet didn't invest the time to track your investment or stay abreast of changes that could affect it.

It still amazes me to see posts like this from holders of AGS and/or PTS who come to ask about their holdings and how to recover them after so much time has passed. I'm sorry I can't help you. There may be others here who can. I wish you the best of luck and hope you can get satisfaction. I also hope you learn from the experience, no matter how it turns out. 

249
General Discussion / Re: Marketing, Marketing, Marketing
« on: March 18, 2017, 05:46:18 pm »
Timing is such a crucial aspect of success in business.

In an arena such as crypto software, an emerging market with tons of competition (1000s of coins to choose from), there are so many variables to consider.

Software is "never complete", and there are always things that can be refined and improved upon. I've generally seen things more from the perspective @kenCode shared, that being not to release a product until it resolves all known high priority issues and is "feature complete". What constitutes feature complete is the difficult part of the equation, as that is not limited only to product functionality and technical issues.

Feature complete also involves evaluating if the product is functional for the target users and their use cases. That requires knowing your users, the market they are found in. In a traditional company it also involves projected revenue, product lifespan and support costs.

Kencode and the montra coming from the Dash community is, 'Is it easy enough for grandma to use'? Is grandma a sophisticated trader or does she just want to send her grandchildren something for "school supplies"? How do we identify the "typical" grandma use cases? A better though more broad question is who is our target audience? How to we quantify our target demographic of users?

"Mainstream" as a target audience definition is extremely general and diverse. We need to be more explicit. Before we can mount a marketing champagne the fundamental question of who our target audience is must be answered, which yields a range of use cases which are used to evaluate if the software is feature complete.

I liked the thought that @JohnnyBitcoin put into the OP, and I agree with him the time is ripe now or soon will be to begin full all out marketing of BitShares like we've never seen before.

@kenCode, consider how Dash has been hyping their features (i.e. marketing) before they are ready. We don't need to have everything "finished and functional" before we start marketing. However, that's where you need to be as clear as day about when you expect to have features that work and ready for release. That is where a roadmap is useful, as it helps the marketing effort to stay grounded in reality and when a marketing "surge" might even be useful to create a heightened sense of urgency and thus stimulate emotions favorable to product adoption.

Based on your progress reports @kenCode I believe we need to refine our plans for  a marketing push. The work on the marketing side is to define our target audience in detail, and a strategy to reach them. On the engineering side of the fence a product / feature delivery roadmap needs to be created that marketing will use in devising their marketing strategy.

So perhaps this thread can continue on by focusing on a definition for our target audience. IMO I think we need to look at it as comprising 3 primary classes of users:
  • Basic users like granma that just need an easy way to buy & sell BTS and transfer assets like BTS and BitUSD to other people, say from a contact list
  • Everyday users, generally more sophisticated than grandma who may dabble in trading but are not "day-traders". Think how can the BitShares ecosystem replace typical banking - remittances, savings, mutual funds / CD instruments (i.e. simple, mainstream investments)
  • Day traders and sophisticated investors, API users, bot users. I see this as a crypto-centric demographic, but might evolve into institutional investors over time

250
General Discussion / Mumble server is offline...
« on: March 17, 2017, 01:07:05 pm »
It appears the mumble server is down, not sure if anyone is working the problem. Fuzzy is aware of the outage.

251
I'm sure that I have Solved the switch technology  between the main produce server and backup servers.
I running a script to change my witness's signing_key auto.
Please vote me, let my witness run again!
==========================================
My witness accounts: public-witness-one

Thank everyone!

Care to share your algorithm? Several people have claimed to be able to automatically change the signing keys to provide robust fail-over, only to come back later and add qualifiers or limitations when their approach won't work.

I am skeptical of the claim, but if it's possible you would do the community a great service to disclose how you do it. If after that if the community can't find a way where it WON'T work, it would become best practice.

If you choose not to disclose your algorithm, which I argue is well within your rights to do, the approach will not be validated and I will remain skeptical.

252
General Discussion / Re: A plan to revive the value of the BTS token
« on: March 16, 2017, 03:21:18 pm »
I think this is a bad idea.  It is speculation, far from a "no doubt" proposal. A "DAC" has certain expenses, such as infrastructure, "witnesses" for example. Name a not-for-profit company in the real world that is not subsidized and is also self sustaining AND GROWING.

Relying on volunteers is in fact a subsidy. By relying on unpaid volunteers is not a wise way to operate a company, a DAC, and have stability, growth and sustainability.

I am all for volunteerism. BitShares wouldn't exist without volunteers, but for essential operations that maintain the integrity and security of the network in a decentralized manor it would be foolish to remove the incentive for good quality witnesses to do their job.

Where were you @CoinHoader when the discussion about witness fees took place? Are you aware witness pay was recently doubled in an effort to improve feeds and witness involvement?

253
Welcome, and thanks for letting us know how your enthusiasm will contribute to the ecosystem.

Looking forward to seeing your progress!

254
Thx @Fox. I took a look at your script and that addresses the docker / vagrant concerns to a large degree.

The idea of those tools is to create a consistent environment from which to run. It saves time. It can take a considerable amount of it to perform the steps your "build_BitSharesTESTNET.sh" does.

I've been looking at docker for a good part of the day today. Tomorrow I will spin up a new 8GB VPS and install docker on it. I will run your script to setup all prereqs, packages etc and then I will build a docker image and upload it to the docker repo for anyone else to use. All they would need to do to use it is install docker and say "docker run BitSharesTESTNET" or whatever name I give it.

This approach will be most useful for the flood clients. I'm not sure how much overhead the docker container requires from the VPS resources, so it may not be the best way to deploy a witness_node that we're trying to squeeze every last bit of performance out of. From the way you dewscribe the test it sounds like xeroc will manage the "fat" witness node server. I can spin up a 32GB vps and run your script the day of the test if that will help.

I'll know more tomorrow. Thanks for the answers, they help a lot!

255
General Discussion / Re: Semi-centralized smart contracts on Bitshares
« on: March 13, 2017, 04:25:48 am »
Why promote a centralized scheme? What value is provided through it that can't be provided in a decentralized way?

The scheme is not centralized, though it makes the involvement of centralized components possible. That being said, what those centralized components would bring are speed and low weight of execution, and convenience in production.

You said:
Quote
Now, the model I propose assumes a central server...

Thus it's centralized. How is it not?

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