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Messages - James212

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151
General Discussion / Re: VOTE DAC Just Got More Interesting 2.0
« on: October 19, 2014, 01:12:07 am »
Quote from: gamey on October 18, 2014, 10:28:02 pm
Quote from: teenagecheese on October 18, 2014, 10:20:48 pm
I3: I will say please try to limit how many times you rebrand / make huge fundamental changes. This has and still is a big problem with bitshares. Maybe take a step back and really try to map out how the whole ecosystem should be before moving forward much more. This figure it out as you go approach is really not good for adoption or retention of participants. I understand sometimes you have to make changes, but there have been too many in my opinion.
+5%

And then there those of us who like having these discussions discussed so that we can have input that we know is at least read and considered on its merits.

If they do like you say then there is no input, less vetting of ideas etc.

All they have done is grown the VOTE DAC which was never really a core DAC IMO.  BitsharesX has stayed pretty damn close to the initial target.   I can't think of any rebranding either ?

I would second teenagecheese on this.  I think what is meant is that it is starting to looking like I3 doesn't really have a thought through business plan/execution plan for BTSX.  If funding was a problem, the red flag should have been raised a while ago. 

 I have supported these 90 degree changes in the past, but seriously it is starting to looking like I3 is taking us through a  random walk in the woods.  This proposal with the VOTE Dac seems less like us capitalizing on an opportunity and more like us trying to compensate for financing problems with BTSX.   Additionally these provocative comments by BM regarding  the future prospects of BTSX will surely spook the market.  I don't think this was the best way to position this discussion.    With that said, my question is what would be the best way to move forward?   Is it really the best for Bitshares to launch this VOTE proposal, or do we just need to dilute BTSX so that we have financing and can continue to focus on getting this, our main DAC, up and running properly.   I remember there were discussions regarding dilution of BTSX recently, but then the issue was theoretical, now we are facing some real-word choices.   Right now, with what I know about this new VOTE project (which is not much at all) I would rather dilute, BTSX and fold any of the VOTE special features (if in fact they are special) into BTSX if that is possible. 

I lot of confusion has been thrown into BTSX at the moment.  All my future investments in the project have been parked until such time that this is resolved.

152
General Discussion / Re: Introducing whatisbitusd.com
« on: October 17, 2014, 11:12:39 am »
Quote from: MeTHoDx on October 17, 2014, 03:12:16 am
Thanks everyone for the suggestions, I've already made a few changes as a result.

 - Background has been blurred to make the headline clearer.
 - Working on minifying the CSS and images.
 - Working on the "read more" pages for each of the 5 bullet points.
 - I'll be adding a "Learn more." section under "Find an exchange." with tutorials and the BitShares X whitepaper.
 - If there is sufficient demand I'll be adding Chinese and Spanish translations.

Quote from: davidpbrown on October 16, 2014, 09:34:05 am
Quote
BitUSD is Bitcoin with the stability of real USD
does rather assume that the USD will remain stable, which given the state of economy and stockmarket atm might be a gamble.

I think it's a good thing people are aware BitUSD is only as stable as real USD.

Quote from: kisa0145 on October 16, 2014, 09:38:46 am
1 - at "Private" section - would it be better to use some picture less resemblant to a "mafia crook"?

Good point. I was thinking it looked like a spy but I suppose people could see it as a crook.

Quote from: kisa0145 on October 16, 2014, 09:38:46 am
3 - in both sections "Secure" and "Decentralised" are focused on protection from government. I would leave the government reference just to one of them... And, as bitUSD is designed for mainstream, is it worth to also emphasise protection against hacking?

I've been thinking about ways to word this... maybe I'll just include it in the read more section.

Quote from: svk on October 16, 2014, 05:23:36 pm
I quite like the site, good job, but it's surprisingly slow to load.

I'll fix that up next week. :)

 +5% +5%    MeTHoDx, very nice work!  Clean, succinct and to the point.     

For your issue with point #4, I would simply drop the "Government" reference....(leave the bank ref) 

153
General Discussion / Re: The Imminent Decentralized Computing Revolution (WSJ Article)
« on: October 13, 2014, 12:27:44 pm »
 +5% ..also post in the "press" forum

154
General Discussion / Re: Latest Bitcoin news - Caution Alert
« on: October 12, 2014, 06:20:39 pm »
Quote from: Riverhead on October 12, 2014, 06:04:44 pm
Quote from: oco101 on October 12, 2014, 05:06:23 pm

Agree that's my main problem with Adam.  He shoot first then ask later.
 I'll be shocked if he would do it any different.

Getting upset isn't going to solve anything.


I disgaree.  It is important to challenge those who would spread "truth" in such a way as to cause maximum damage.  ....... Yelling FIRE in a crowded theater as it were. 

155
General Discussion / Re: Latest Bitcoin news - Caution Alert
« on: October 12, 2014, 02:04:04 pm »
Quote from: theFu.. on October 12, 2014, 12:17:53 pm
Quote from: bytemaster on October 12, 2014, 06:38:19 am

Quote from: toast on October 12, 2014, 02:51:42 am
Guys, ABL is not the enemy...

+1

Ags is what it is.  If regulators decide it is a security then like sdice, we may have to pay $50k fine.   Guess what: we have already paid that much in lawyer fees trying to maintain compliance.   

No one is going to jail as no harm has been done.  No fraud.  At most a disagreement over interpretation of the law which we worked hard to comply with.   

Now the real question is, since bm could so easily answer this question is whether Adam feels sorry for this drama.  Does he, in retrospect, feel like maybe it would have been more effective and beneficial to everyone on the forums (including himself) to have made statements of the "shocking" dangers inherent in bitshares AGS first in private to ascertain Invictus' thoughts before bringin it so negligently to the forums?" 

This would have been seen as far more genuine and benevolent path than completely bypassing the invictus team, and potentially scaring away newbies who came here after the conference...

If adam can agree with this assessment I think there is good reason to believe we can move forward in the knowledge of how to garner community support instead of becoming the target of anger and resentment.

 +5%..............  I agree adam’s initial comments, (even if he felt they were true) were delivered fairly irresponsibly and should have been done with far more tact.       I can help but to wonder if he has similar comments on the boards of the other crypto organizations mentioned to be at risk?

Edit: (.....I have no problems with ABL. however these are my thoughts regarding the current issue at hand)

156
General Discussion / Re: Low Hanging Fruit - Increasing BTSX Revenue & Utility
« on: October 10, 2014, 11:16:05 am »
Quote from: CoinHoarder on October 10, 2014, 06:35:23 am
I am interested in discussing ways to increase the demand for BTSX and also the profitability of the DAC at the same time. Here is what I see as the "low hanging fruit", or in other words.. targets or goals which are easily achievable and which do not require a lot of effort. Let's get a large piece of an $81 trillion+ derivative market!!! Why stop short at FIAT currencies, a few cryptocurrencies, and a few commodities? BTSX has the potential to be so much more than what it exists as today, and make share holders filthy rich in the meantime. :D

I'd like to see more discussions as to the future of BTSX... not as in marketing as we are doing plenty of that... but the future services BTSX will supply as in what derivatives can BTSX easily expand its business model to, and the specific derivative markets BTSX plans to go after. What is your vision for the future of BTSX? The clock is ticking and people are cornering cryptocurrency services and markets left and right. A centralized service for equity derivative investments via Bitcoin popped up just the other day.... we can beat them as we are not a centralized service... if we move on this quickishly (I know I made up that word!) It is time to plan how to expand our footprint, bring in new users through creating new Bitassets, allowing for more diversification of one's portfolio, and making the BTSX DAC more profitable!

  • Get the remaining bitAsset markets that have yet to go live up and trading.
    • This can be easily be done by delegates publishing all of the price feeds and achieving proper market depth in each of the markets. There are many bitAsset markets that have already been created but are not live.
    • Getting these markets live should be a priority for the BTSX DAC as it will increase the ability to diversify and utility, possibly bring in more users, and increase profits for the DAC through added transaction fees.
    • Getting the wallet & wiki translated into different languages could the help adoption rate for each nation's currency (FIAT) that BTSX supports. BTSX can then be heavily marketed in the countries whose currencies it supports as a non-volatile alternative to Bitcoin.
  • Creating other bitAssets (or derivatives.)
    • Currently the bitAssets that are trading, or are planned to go live soon are as follows. Along with my suggestions of bitAssets that should be added to the list.
    • Adding more bitAssets increases the utility of BTSX by allowing users to diversify their portfolios even more so, it has the potential to bring in more speculators whom are interested in investing in different types of derivatives that BTSX is not currently planning on supporting, and thus increases the profitability of the BTSX DAC through added transfer fees from the extra trading.
    • FIAT
      • AUD - Australian Dollar
      • CAD - Canadian Dollar
      • CHF - Swiss Franc
      • CNY - Chinese Yuan
      • EUR - Euro
      • GBP - British Pound
      • HKD - Hong Kong Dollar
      • JPY - Japanese Yen
      • MXN - Mexican Peso
      • NZD - New Zealand Dollar
      • RUB - Russian Ruble
      • SEK - Swedish Krona
      • SGD - Singapore Dollar
      • TRY - Turkish Lira
      • USD - US Dollar
      • Recommended:
        • I feel like BTSX already has a vast array of FIAT derivatives and I do not see the need for expanding upon them at this point in time.
    • Cryptocurrencies
      • BTC - Bitcoin
      • LTC - Litecoin
      • PPC - Peercoin
      • PTS - Protoshares
      • Recommended:
        • I think the amount of cryptocurrency bitAssets could be expanded upon. Currently there are some high volume and high market cap cryptocurrencies that we are not capitalizing on. I suggest at the very least adding the following popular coins, which are in order in terms of trade volume (IE. which ones would be more likely to be traded in higher volume = higher revenue cryptocurrencies in terms of transaction fees collected by the DAC.)
        • Dogecoin - 5th in Market Cap and $561,793 volume in the past 24 hours - The thorn in the side of innovative cryptocurrencies. The one and probably only crytocoin that will be able to survive based simply on copy and paste code and a meme.
        • Ripple - 2nd in Market Cap and $187,750 volume in the past 24 hours - A lot of venture capital and partners in the banking industry. Regardless if people like the original distribution, it is innovative  and that is why it sits atop the Market Cap list. I think Stellar is unlikely to be able to compete due to the resources and partners of Ripple and the network effect they have achieved in that crypto sphere.
        • Counterparty - 10th in Market Cap and $138,946 volume in the past 24 hours - The most popular asset issuance cryptocurrency built on top of the Bitcoin blockchain. The recent announcement of Overstock working with the developers and Counterparty seems promising.
        • Darkcoin - 8th in Market Cap and $122,550 volume in the past 24 hours - Admittedly this is the only one on the list I'm not to keen on, but it has a lot of volume and support judging from its market cap. It is built for anonymous transactions via a variation of a "coin join" implementation.
        • Nxt - 6th in Market Cap and $118,146 volume in the past 24 hours - I think we mostly agree they are a good contender in the "cryptocoin 2.0" wars through their innovative approach and will to embrace innovation.
        • Namecoin - 9th in Market Cap and $118,056 volume in the past 24 hours - I know we have a DAC that will be competing with Namecoin, but they are branching off into other areas other than decentralized namespaces, they are the oldest (living) merge mined coin to Bitcoin, and they have decent trading volume.
        • Anoncoin - 21st in Market Cap and $100,254 volume in the past 24 hours - It seems it is eminent that Anoncoin will shortly be the first cryptocurrency to implement Zerocoin technology for anonymous transactions, thus it is the reason for the increased volume as of late. If they successfully do so it could stick around for quite some time at the top of the market cap boards with decent volume.
        • Monero - 12th in Market Cap and $68,123 volume in the past 24 hours - Monero is probably the best anonymous cryptocurrency that currently exists through the use of ring signatures.
    • Commodities
      • GLD - Gold
      • SLV - Silver
      • WTI - Light Sweet Crude Oil
      • Recommendations:
        • I think we should seriously consider adding more commodity derivatives onto the exchange. Allowing users to diversify and trade to their heart's content, possibly bringing in larger (more institutional-sized) commodity traders, and increasing profits from the DAC through more transaction fees. I would like to see BitsharesX become a full-on "one stop shop" for cryptocurrency derivatives, including different types of commodities, which will ultimately make the DAC more profitable. The following commodities have much higher volume and liquidity than the rest of the other commodities in real world markets, ranked from highest to lowest.
        • Heating Oil
        • Sugar
        • RBOB Gasoline
        • Corn
        • Wheat
        • Soybeans
        • Copper
        • Soybean Oil
        • Cotton
        • Cocoa
    • Equities and other derivatives
      • Equities and other derivatives are one thing that have not been discussed much, but I see them as a "no brainer" to be added to the BTSX bitasset exchange. To my knowledge there are no plans to add them.
      • Companies are entering the Bitcoin space for this very purpose, but they are centralized so we have an advantage. It would be trivial for delegates to add some equity derivatives to their price feeds and BTSX start trading them as the software for them is already developed. I think we should do so sooner rather than later so that we can corner the market before the centralized (or future decentralized) competition gains a network effect. This allows users to further diversify their portfolios, possibly attracts stock market traders, and thus increases profits for the via the added transaction fees.
      • Composite Market Equities - Dow, Nasdaq, Standard & Poor, Etc.. other world markets
      • Individual blue chip stock behemoths (perhaps a diverse portfolio of the largest companies in the S&P 500)
      • Mutual Funds
      • Bonds and Interest Rates
      • Weather derivatives (lol?)
      • Options - Would require programming the market to allow them so not feasible in the near term.
      • Off the wall idea: Sports betting "spreads". They are like a derivative in that they start out each week as one thing and then slightly shift depending on which sides everyone takes. Admittedly this would take quite a bit of programming, but I thought I would mention it.. people could take positions on which way the lines will move each week, and positions would be forced to close before each game. Furthermore, I thought a sports betting DAC would be pretty trivial to setup as there are many sports betting line feeds that delegates could publish easily.
      • Think outside of the box! There can be derivatives for a lot of things that there aren't currently.. I am sure I am missing a few. I have read of a service that sold equity derivatives in professional athletes (I'm not kidding!)

 +5%  You've got some very good points here.  I think this should be part of the phase 3 plan (I'm sure BM is already thinking on this) as we should finalize the initial bootstrapping of the DAC first......... 1) finish stabilizing the product  2) market to increase users, liquidity and Peg .  However we should definately be doing some thinking about this.  I especially like the derivitives idea. I'm no expert in this area so I'll leave it to others, but would be great to hear more discussion on this. 

157
General Discussion / Re: Is the marketing execution in English happening?
« on: October 10, 2014, 02:20:06 am »
Quote from: inarizushi on October 09, 2014, 10:06:33 pm
Network effect doesn't happen in days. It happens in months or even years, and the bitshares marketing plan will happen in this timeframe.

And it seems to me that in the cryptoworld, people are very ready to change : the network effect is clearly not the same as for IRL objects. You can't change your samsung into an Iphone, so once you bought it, you're fucked. It's not the same at all for cryptos. People have no reason to be faithful. Owning bitcoins is clearly not as engaging as owning shares : you can transfer all your bitcoins into bitshares overnight, and you will have no awkward social interaction with a banker that will claim he has always been asking for your best interest.

Money flow free in the new world that is built here, and I bet that it will pour to the best solution.

The best solution without a network is no solution at all.  Things may be fluid now, but in time they will begin to jell and the market will care more about familarity and popularity regardless of  superiority of the tech.  This is much as the internet protocols did 20 years ago. 

Some subscribe to the theory that we will have many multiple crypto currencies/ assets surviving in the market when this is all said and done.  I don't subscribe to this theory.  It may have been the case if this was 200 years ago, but today the interconnectedness of the world and the rapid speed of interaction demands minimum friction.  That to me means only a handful of cryptos will be significant players in the end.  That said, I would also note that CoinMarketCap ,today, is not showing us a full list of all the entities that we will evenually need to compete against.  There are future competitors waiting in the wings that will come forth as this industry proves itself.  At some point I am expecting to see some world- class companies (even governments) in this space.   

So, I don't think we are asking to rush and do a bad job.  That will do know one any good.  We understand that they need time to do it right.  We are just communicating the critical fact that time is of the essence and based on their feedback I think the Bitshares team concurs

158
General Discussion / Re: Is the marketing execution in English happening?
« on: October 10, 2014, 01:52:20 am »
Quote from: Rune on October 09, 2014, 09:36:56 pm
Quote from: inarizushi on October 09, 2014, 09:07:24 pm
It's crazy how so many people here have no patience at all. If you believe in the superiority of bitshares technology, why the hell are you losing your mind over nubits or overstock ? They won't reach billions overnight.

The marketing plan sketched in the dev hangout seems brilliant. We've been told countless times that we need to wait for 1.0 + direct buy from USD.

No one knows if critical mass will go to the best technology, or simply the first okay technology that doesn't fuck up. Network effect, baby. One of the sad things we will see is probably that nubits will be implemented and gain widespread use on OB before bitUSD. OB airdrop and marketing is something that has to be done within a certain time to ensure bitUSD becomes widely used there, IMO, since decentralized trustless trade is really where a decentralized peg is the most useful, and OB looks as if it will be "it" regarding decentralized trade.

 +5% +5%

159
General Discussion / Re: Is the marketing execution in English happening?
« on: October 10, 2014, 01:47:27 am »
Quote from: Stan on October 09, 2014, 05:23:38 pm
Quote from: xeroc on October 09, 2014, 04:25:28 pm
Quote from: julian on October 09, 2014, 03:41:32 pm
There are some great ideas in this thread!

On the marketing end I can reveal a little of what we have been up to.... it's important to note, in order to see the biggest growth in BitSharesX user base, and market cap, is to successfully bring in hundreds of thousands of new investors who have not yet made the leap to any crypto-currencies, Bitcoin included. For the non-technical, even Bitcoin is still difficult to purchase. Which remains a huge barrier to entry to getting newbies into the wonderful world of crypto, even when they already want to.

Solving this issue means hurdling some pretty large technical and communication issues. Which we've done and it's being built now. Tying the launch of this campaign to an event or BitSharesX announcement is a great idea, but (1) we're more interested in the larger pool of people currently OUTSIDE the crypto world and (2) we will most likely launch this as soon as we possibly can.
+5% ..
Could you clarify your relations to bitsharesX and the team? are you with Brian?

From this month's newsletter:

Quote
Western Business Development and Marketing – by Brian Page

The Western Hemisphere business development and marketing team (Brian, Max, Michael, Susan, Julian and Gregory) has been in talks with a half dozen companies that offer fiat to crypto-currency services.  Once a partnership is finalized, customers will have the ability to go from USD to BTSX as well as USD to bitUSD, directly.  This new service will allow anyone to purchase using a debit card, credit card or wire transfer. There will no longer be any need to own any Bitcoin, go to an exchange, or jump through hoops.  Getting involved in BitShares will be as simple as any other online purchase.
 
In addition, the marketing team is working to set up sms payments technology. Users will be able to buy BTSX or bitUSD directly from their cell phone, billed to their mobile provider.  This new "on ramp" will completely bypass needing to go through Bitcoin and will greatly simplify what is today a complicated process of acquiring BTSX/bitUSD.
 
Marketing is also working along with our resident designer, Cass, to redesign the BitSharesX user interface.   The goal is a more user friendly GUI which will make BitSharesX more intuitive for the average person [or even marketers].  When complete, the GUI will be more in line with leading online stock trading software programs.  Our benchmark is no longer a "wallet" but the leading financial software of more traditional companies.

Stan, can you verify your newsletter mailing list.  I have received all previous news letters, but did not receive this current one.  I see there are also others in my situation.  Thanks.

160
General Discussion / Re: AN UPDATE ON THE MARKETING CAMPAIGN....can you tell us what's up???
« on: October 09, 2014, 05:37:44 pm »
Thanks for the update Brian.  Looking forward to the results. 

161
General Discussion / Re: Exclusive BitShares Interview (Bitcoin Magazine)
« on: October 09, 2014, 11:04:44 am »
Quote from: onceuponatime on October 09, 2014, 05:43:28 am
Excellent article! Thanks Brian.

 +5%  Nice work!!

162
General Discussion / Re: Exclusive BitShares Interview (Bitcoin Magazine)
« on: October 09, 2014, 11:03:31 am »
 +5%
Quote from: onceuponatime on October 09, 2014, 05:43:28 am
Excellent article! Thanks Brian.

163
General Discussion / Re: Is the marketing execution in English happening?
« on: October 09, 2014, 02:28:17 am »
Quote from: AdamBLevine on October 09, 2014, 01:14:00 am

they have in the past confused marketing with bizdev.  Talking to important people one at a time to find synergies and make deals is totally great and necessary, but that's not marketing. 

 +5%  I agree.  It seems like there is more business development than true marketing happening with BTSX. 

164
General Discussion / Re: My bitsharesx educational video... please upvote
« on: October 08, 2014, 04:01:25 pm »
 +5%    Bravo. well done!

I vote Max Wright as our very own Andreas Antonopolus  :)  We need to see more of him..!

165
General Discussion / Re: Is the marketing execution in English happening?
« on: October 08, 2014, 11:08:19 am »
Quote from: thisisausername on October 08, 2014, 06:27:07 am
Quote from: Ander on October 08, 2014, 05:57:43 am
It seems that lots of people were thinking that some miracle would happen at the conference and make BTSX go up, and when that didnt happen they all sold.

Ah, so we're feeling the bitcoin contraction, just delayed a bit; assuming the reason we fared so well was a buy-in in preparation for the Vegas miracle.

So given the ~18% drop in BTC, BTSX should bottom-out somewhere between 600 and 700 before the marketing push sends us to heights unseen.

Also, don't forget the Overstock effect.  Im sure there were some who invested with the expectation that we would get the business of building the crypto stock market.  They may be selling now since that didn't happen.   However, I am still concerned about marketing execution.  I know we have assurances that things are coming, but I'm not even seeing the basic stuff like Brand awareness and product positioning.  In my (unscientific) survey of media, it just seems that other brands in the 2.0 space get far more mention than we do. We should be the talk to the town!  We have the technology and we are pretty much at the forefront.   

  Marketing has always been a concern for me with I3.  I'm not picking on the current regime though, IMO its been that way since it's inception..   I have further resources that I want to commit, but I am patiently waiting to be dazzled by the up coming promised programs before moving forward.  Lets hope it'll be soon. 

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