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General Discussion / Re: Bitshares 3.0 - It Is Time
« on: June 27, 2016, 04:09:51 am »OK, I am pretty much done with the OP pending any other thoughts jumping into my head (or feedback from replies).Coinhoder,
I will give my input.
Bitshares model is pretty stable.......n is innovative by itself......what bitshares have we can call it 3.0, 4.0....whatever......
Too much people looking for problems because a lot ofcoins had huge pumps n Bitshares "only" made 50% in the last few days.....
I follow a lot of data about bitshares n other projects n can safely say bitshares can explode at any time, it will, it has everything needed to make crypto scene shake hard. be patient about ROI.
This reasoning was not developed based on the past 3 days of market indications, but instead from a year and a half of market indications, and two years worth of many discussions/debates with Bitshares' antagonists on Bitcointalk.
No offense, but the lazy mantra of "Bitshares will explode at any time" and "Liquidity will increase with adoption" has been used for two years with no to little effect. It is time to take matters into our own hands, and realize there are issues with Bitshares that we need to fix.
I would argue Bitshares as we know it today is only 8 months old.. when 2.0 came out it was a giant rest button really. Since then refooting to gain liquidity into the network has taken place. Due to some of the changes some has been lost.
I like some of your suggestions. I understand the idea of appealing to crypto folk and it makes sense in certain ways.
You are proposing we hit the rest button again.. but with no real serious innovation to justify it. At present Steem is going through an experiment that may lead to solving the liquidity problems we see in bitshares today. We are not very far from seeing what the results of that experiment yield, and I would rather see that before making any kind of clear cut plans.
I agree that liquidity is needed, and various projects are actively creating ways to produce that. BlockPOS through merchant adoption for example. Peerplays through online tournament wagering. Openledger with ICOO and all the other projects that make up the pyramid of the decentralized conglomerate.. and so on. There are other projects in the making as well that are not publicly discussed that plan to introduce solutions to liquidity as well, like Freedom Ledger. There is the bitCASH wallet, there is Echo... list goes on.
I don't think bastardizing dpos really provides any value aside from making those that invested thousands in mining equipment happy they got another coin to attempt to get their investments back.
Believe me, I know the feeling.While going the ICO route sounds like the latest gravy train to get on, I think it would be particularly challenging for Bitshares. Frankly, anybody can do this.. doesn't need the community to do it.. and the market will decide afterwards.. as bytemaster himself said a few months ago.
I think as long as everyone executes and completes the projects they are working on to take to market, you are going to see our liquidity issues reach a tipping point and no longer be an issue. Look at our transaction volume... its slowly but surely increasing. That is the right direction we want to see.. its just a matter of like @bitsharesbrazil already said.. we just got to be a little patient and just keep doing MORE of what we are doing to reach that tipping point.
Also.. from a value proposition perspective as a reboot ICO offering... the optics of doing an ICO for Bitshares right now would go TERRIBLY bad... as a matter of fact.. I am certain it would be the death blow for Bitshares market cap. It has to do with how messaging is currently handled that would inevitable lead the ICO into a very bad place. Again I say though, anybody could do it if the choose too.
I like to hear more ideas on creating liquidity though.. its a good discussion to have.
