Conglomerate OpenLedger with its OBITS / BTSR blockchain powered, people driven smart network Ad tech 2 0 emerging

New OBITS video is added to the OpenLedger Conglomerate Youtube Channel.

I hope you will take the time to watch it, share it with the social network options and tell as many else as possible.

Thanks Happy Spring News.

OBITS - Blockchain powered, people driven.

click the image to watch the video!

With this video we have managed to bring closure to first stage of OBITS ecosystem, managing to define the revenue stream of this very special asset created on the base of present and future of OpenLedger Conglomerate.

Yours sincerely

Ronny Boesing
CCEDK & OpenLedger

That video didn't really tell much about anything... After viewing it I still don't have any idea what obits are for.

Ronny, I think you should try to simplify your message a little bit.

Thanks Fox for other alternatives! I've been testing Basecamp and looking also other possibilities but Basecamp is still my first choice.

Basecamp 3 is simple and elegant. Not much features, but those features it has, are designed very well. Simplicity FTW. It's easy to use and has also mobile apps. It has six core features:

- Campfire
Basically just a place to chat. Will be used probably for stuff that is discussed and created in Basecamp. Slack and Telegram are for more common chatting.

- Messages
Message Board for more detailed and longer discussions.

- To-Dos
To-Do lists. There is a lot to do, so this feature is essential for us.

- Schedule
For events. Hardforks, hangouts, etc.

- Check-ins
Not necessarily much use for us. This will create automatic check-ins for any kind of topic where regular feedback is needed. But it could be used to collect information like "what have you been doing this week for Bitshares", "what has been sucking in Bitshares development", "have you had any good marketing ideas lately", etc.

- Docs & Files
All kinds of documents can be saved in here. Good for saving all important information in one place and keeping them updated. Also can be used for designing BSIPs, marketing plans, press releases, etc.

First basecamp is free so there is no need for money now. But if we want more basecamps (like groups/projects) that will cost 29 USD per month. I think we can manage quite a lot things with one basecamp, we can start to add more if there is demand in the future.

It seems that users have to be manually added, so send me a private message either here or on Slack with your name (or nickname, whatever you want to be seen in Basecamp) and email address and I will add you.

Quote from: Samupaha on March 12, 2016, 05:11:17 pm

So I guess it's better to forget 2.1 campaign for now.

Sad, just sad. 

BitShares News went down as well. 

Let's not get sentimental. This didn't work out but it did reveal a problem: how we should collaborate in cases like this? If we can fix that, we can collaborate more efficiently in the future with cases like this marketing campaign. This inspired me to look for solutions like project management tools.

Why did you not use a microphone to speak up?

I didn't have time to attend live hangout, I listened to the recording later.

Well sure, but then if I deposit some EUR say to CCEDK, and I get my shiny OPEN.EUR, they're now pretty much essentially useless [edit: for anything other than a store of value; which is nice and all, but not having to trust a 3rd party company to disappear meanwhile would be even nicer] since mostly anyone who's not CCEDK and me isn't really that interested in them. Why should blocktrades take OPEN.EUR ?

It's one thing to put our trust in BitEUR, another thing to do the same with OPEN.EUR. And again, nothing at all against CCEDK, other than the nanocard fiasco I really have nothing but good things to say about them & Ronny, so that's not the point.. it's the principle behind it.

When we have not one but dozens or even hundreds of bridges/gws (a good problem to have, I suppose..), then what? Everyones' holding the many NOTMTGOX.EUR and hope for the best?


Wasn't the idea of having the SmartCoins precisely avoiding the need to trust 3rd parties excessively?

We are looking at different time scales here. In the long term, yes, smartcoins and other assets should replace fiat currencies completely. But it will take years of hard work. In the meantime, our blockchain will need users. So why not target regular people who are already trusting third parties to hold their money? As I said, after we have them using our wallet with fiat, it's easy step to get them use other assets too.

Of course getting lots of fiat-IUA users will take time too, but it might be still easier than getting lots of smartcoin users.

When there are lots of fiat-UIA users, merchants will become interested too. They do not care much about bitcoin because of the volatility. But if there are real fiat in the blockchain, it will be much easier for them. Only problem will be from blockchain to bank account transfers, but at least in the SEPA-area it's cheap and fast because CCEDK's bank is in there. So one possible business opportunity for Openledger could be payment processing, something like Bitpay and others are doing now.

In digital economy everything is IOUs. When you deposit cash into your bank account, you get IOU for that sum. Bank doesn't put that cash into a box in their vault that has your name on it. So everybody is already using IOU-currencies. They are very familiar with it. That's why it's not really a big step to start using fiat-UIAs in Bitshares.

With fiat-UIAs we are not trying to get more people from cryptosphere as our customers, but totally new group of people. Those who have heard that "blockchains are the future" but don't want to actually invest in volatile cryptocurrencies or derivative instruments. They can understand with very little explanation that fiat-USD in Bitshares wallet isn't actually that much different than dollars in their Paypal account.

And when they are familiar with the wallet and see that there are also other currencies and assets, it's not very big step to acquire also some of those... they are hooked. We have succesfully got them as our customers.

I really like the concept of Fiat on a blockchain.

I was explaining this concept to a friend of mine, how secure his money would be on the blockchain and he raised a very good question which I need help answering.

The question is: Let's say I put my savings on the bts blockchain in BitUSD, who or what can assure me that bitshares would be around in the next 5 to 10 years? What if people loose interest and the price of bts goes down to 400 sats, would I still have access to my savings? (I guess he means like a black swan event).

How can I answer these questions? Sorry I am just a novice.

There are lots of different risks. Keeping your money on the bank has also risks, so you have to compare everything and then decide what is suitable for you and your risk profile.

Value of cryptocurrencies and cryptoassets can go to zero if there is some fatal flaw in the blockchain. But longer the blockchain exists, less there is risk because it will be made better all the time. Longer it survives, stronger it gets. Also it's important to understand economic incentives behind the blockchain. These can make operating the blockchain very expensive (or impossible) in the long run. Incentives of Bitshares are the best that I know, so I personally have lot of confidence in our blockchain.

BitUSD is derivative instrument, so it has also some additional risk. But so far it looks strong. Of course there might be some problems and current smartcoins will be abandoned and people start to use other smartcoins with better parameters. That's why it's not necessarily very wise to put lots of value in savings as BitUSD. If you wait for a while, we all know better how well current smartcoin scheme actually works and we can better understand is it going to be used for a long time or not. If it's bad, we will probably see a better alternative in the near future.

Ok, let's try Basecamp (or something similar). I have more time next weekend, I'll look closer at it then (well, actually I already created basecamp just to see what it looks like, if you want to test it too, send your name and email to me with PM here or Slack). Before that you can still suggest other alternatives.

If it doesn't work, maybe it will be still a valuable lesson. Basically this is about company culture. How should we do things? What actually works? DAC is a new concept and nobody has knowledge how to use it, so we are doing pioneering groundwork here. This is the thing that everybody should remember. We are in the unknown territory so we can be sure that things don't work out when we try them first time. But eventually, with persistence, we will establish a company culture that actually works.

Scam accusations are usually too easily given in the cryptosphere. It should be quite clear that most projects will fail and that's not a scam. It's just that the business idea didn't work, project founders were incompetent, they had burn out, they invested the money on totally wrong things, etc.

From a investor point of view, that was just a bad investment. If the money is lost, it's just easiest to forget the whole thing and move on.

Disclaimer: I haven't followed DAC PLAY and I don't have any idea what they have been doing.

I've been thinking that this forum isn't very optimal tool for managing a DAC like Bitshares. A lot of topics will be forgotten very fast and probably many aren't seen by people who could or should be interested in them. Going offtopic is also common problem. Slack is nice, but it's mostly just for chatting.

Lack of communication is serious problem. Recently I tried to start a marketing campaign but it seems to be a failure because lack of communication/collaboration.

Decentralized organisation doesn't work without effort. It usually demands even more effort because there is nobody telling what to do. People have to do stuff on their own. If we want to succeed as a DAO we need to learn how to make plans and execute them in a decentralized manner.

My suggestion is that we start to use a project management tool. I've been looking for different possibilities today. Probably best choice would be Basecamp. It's widely used and praised and it seems to be suitable for our needs.

Todo-lists, deadlines etc. have to be collected on a same place where they can be found and updated easily. Jakub made a nice roadmap, but it hasn't been updated since january. We need to get information like this to a place where several people can update them when changes happen so they are not left outdated.

Roadmaps, hardforks, website updates, hangout questions, committee proposals, worker proposals, social media presence, marketing campaigns, etc. can be planned/communicated/discussed in there.

So, if I set up a Basecamp for Bitshares, would you start to use it?

We could try it for a few months to see if it gives any benefits for us. If not, I'd like to hear better ideas for organizing collaboration. We really need to get our shit together if we want to achieve something.