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I'm a little late to this announcement.Public demonstration of how other crypto's can save money and effort by simply assimilating with BitShares.
Could someone explain how this is positive to BTS? I get why it's a positive for BANX but it's unclear to me how BTS is effected.
Keep advertising!The problem is the low market cap. If delegate pay (dilution) was increased then it would/could only serve to crash the price lower in a vicious cycle.
With the worker proposals the market cap may be less of an issue as nearly all dilution is shared among as many workers as bts members desire (vote for).
An important but expensive worker proposal will be able to be voted to the top and take the lions share of the reserve-pool (dilution) funds.
Which should mean that bts can pay a higher fee to workers.
A pre-DPOS 2 solution might be to reduce the number of delegates such that the pay can for individual elected delegates can be higher. Half # of delegates = twice the pay for each.
But members don't seem to want that - else there wouldn't be so many 100% elected delegates.
In 6+ months I don't think it will be such an issue
This hasn't been discussed I don't think, but it's more than likely that worker proposals will be introduced in bitAssets of their local currency choice.. ie. bitUSD for Americans or bitEUR for someone from Germany.
As for the too many 100%ers.. I am right in this boat first hand with a project where the delegate pay is not enough to carry the project forward. I have thousands of dollars being lost in this project monthly that does nothing for me at all.. it's all for BitShares.. so community support to turn it into something that can actually double our current volume is essential.
Our project is unique though in that, a great portion of what we receive goes straight into bitUSD payouts that in turn increase volume of bts with collateral, increase user transactions and volume and users etc. Just the liquidity created by the miners alone would make the bitUSD and other Asset markets really rumble.
On top of that, all our activity is taking all altcoins and bitcoins and funneling them into BitUSD.. so also increasing the rate of return on our delegates.
So with the delegate pay we are getting a lot of it is just feeding back into BitShares.
I agree though that in six months this will all change.
If you like to see our delegate proposal.. you can see it here http://vote.bunkermining.com
Probably not the best place to advertise our bid.. a thread about less 100%ers.. but now you got another example of where the delegate system as it is just doesn't provide enough for many of these projects to move forward at any super pace.
Our bid was for 6 delegates out of necessity due to the market cap.. and our plan is to get off the delegate pay as fast as possible. I have always been a strong believer that every delegate plan should come with an exit strategy, and I am glad with the new worker setup that will have to be built into contracts clearly.
Right behind you on that, but it's not going to happen until the shareholders are willing and able to fund CMX moving their entire families abroad. Either that or have bts be in a position to sack/fire CMX unless they move countries. Even then it's still unlikely.I agree with ander.
The US government are essentially looters and they will make the laws that allow legally allow them to loot you once bitshares become big enough, regardless of what the rules are today. Afterall, we already have retroactive laws.
Which is why, it is worth repeating, get cryptonomex out of the US if you can!!!!!.
GUI is a lot more work when there are no JavaScript libraries that have implemented compatible crypto. It seems those on this board have no clue that 2m bts for protocol level support is nothing!I'm a coding noob and I don't fully understand the work that goes into compiling libraries - but if that is a prerequisite then is that something that should be funded instead/as well as the 2M worker proposal?
Sent from my iPhone using Tapatalk
The principles behind the talent is why I'm hereWe are not looking for a quick ticket to retirement.
We have a mission.
BitShares is central to that mission.
I love bitshares
I love bitshares and you all
For the record I found the articles on BM's blog to be the most compelling reason to be interested in BitShares.
They detailed BM's stance on economics, the free market and profit as the most important tools in a path to freedom.
In this early stage in the crypto-industry investment in people and principles is a far safer bet than just in technology.
Roadblocks and bottlenecks are still being discovered and it's talented people that will navigate successfully.
I particularly enjoyed the "sufficient decentralization" article and others like it that lay out the limitations of what is possible, and then outline the appropriate solution to it. BitShares is the only community that I know of that has (potentially) solved so many issues currently holding crypto back from the mainstream.
I had the 'minimal requirements for decentralization" article bookmarked and went to link it here, but it just redirects to bitshares.org mainpage now.
I think it is important that they are easily accessible to newcomers
I got your pitch right here:I understand that the value of bts has increased since DPOS 2 has been announced, but why has the price of integrating gone up?
BitShares - the choice is yours +100,000 TPS or -$100,000
BM just built a protocol that's adequate for mass global public consumption. What makes you think that he is going to get all star struck when Jeff Bezos comes knocking? Cryptonomex is firmly in the negotiating drivers seat. The only competitors to the BitShares Smartchain (where you will integrate your business) are centrally controlled blockchains that, as Mr Byrne is fast finding out, are not cheap to develop, secure, or maintain.
The price of integrating into the BitShares Smartchain went up the moment the 100,000 TPS secret sauce was discovered.
As much as I hate to say it. If there is any question about whether or not you need a bitlicense, and the cost is at all reasonable, I would go ahead and get one.
In my experience it is often better to pay for this "protection". After all, if you don't something bad might happen you know.
if it ever comes down to defending yourself you have to assume that you will already have been painted in the worst possible light, and dragged through the mud in the media. Having evidence that you attempted to comply with all stated rules at all times could make a big difference.
Hello,
I'm a shareholder of the BitShares crypto-ecosystem and I would like to
discuss the mutually beneficial relationship that is possible between
BitShares and Vaultoro. There is a thread on the bitshares talk forum here:
https://bitsharestalk.org/index.php/topic,16724.msg214074.html
I have CC'd fabian@bitshares.org (one of the 101 elected delegates of the
BitShares ecosystem) in case of technical questions.
A PDF info-graphic for a quick overview of BitShares is available at
https://pdf.yt/d/atDhSKTY2mwequs0
Could you please direct us to the relevant people to discuss the
technicalities?
The BitShares ecosystem is a decentralized asset exchange that allows user to
issue their own assets. These assets can be traded in seconds, and allow the
user to retain sole control of the private keys. The issuer of these UIAs
(User Issued Assets) collect all fees generated, and can set KYC requirements
limiting who can hold it.
Vaultoro could issue such an UIA to enable your company to access BitShares
users as potential customers and profit from every trade of your UIA.
Existing Vaultoro customers would benefit by being able to hold their claims
to Vaultoro gold on a decentralized platform where only they hold the private
keys.
Another aspect of the BitShares ecosystem that Vaultoro could benefit from
are the Market Pegged Assets. These are assets that track the value of real
world assets such as USD, CYN, Gold and Silver but are not subject to any
counterparty risk, and are backed by over 100% collateral.
Vaultoro could allow their customers exposure to bitSilver to test the demand
before committing to purchasing more bank vaults and physical silver.
Vaultoro could accept bitGold in exchange for Vaultoro Gold.
The value of Vaultoro gold can then be exposed to the BitShares decentralized
market to be traded. This brings another price finding mechanism to value
Vaultoro gold against assets such as bitcoin, USD, CNY, Gold and Silver.
Accepting bitGold for physical delivery of gold would open Vaultoro up to an
entire new market and provide a convenient gateway from crypto to physical
assets. As gold dealers are subject to far less regulation than traditional
banks this gives Vaultoro a significant advantage.
We look forward to hearing from you,
Thank you
The BitShares ecosystem is a decentralized asset exchange that allows users
to issue their own assets. These assets can be traded in seconds, and allow
the user to retain sole control of the private keys. The issuer of these UIAs
(User Issued Assets) collect all fees generated, and can set KYC requirements
limiting who can hold it.
Amagi could issue such an UIA to enable your company to access BitShares
users as potential customers and profit from every trade of your UIA.
These UIAs could represent claims to particular Amagi products, your platinum
coins may be of particular value as there is yet to be a popular platinum
asset on the BitShares exchange.
The purchaser of one of your UIA tokens may not necessarily receive delivery
of your stock, but instead trade it's value against other tokens. The fees
for these trades will be paid to Amagi, as the issuer of the UIA. This means
that any still-warehoused products can be producing income by allowing their
value to be traded on the free market of the BitShares Decentralized Exchange
and collecting the resulting fees.
Another aspect of the BitShares ecosystem that Amagi could benefit from are
the Market Pegged Assets. These are assets that track the value of real world
assets such as USD, CNY, Gold and Silver but are not subject to any
counterparty risk, and are backed by over 100% collateral. Amagi could
benefit by holding some value pegged to gold and silver to better plan
stocking requirements and to hedge against any significant moves in the
USD:PMs markets. Assets such as bitSilver and bitGold can be stored in
exactly the same way as bitcoin.
Amagi could accept bitGold in exchange for Amagi Gold allowing gold bugs to
hold as much value pegged to gold as they like, knowing that at any time they can swap it for physical gold with Amagi. Issuing a UIA of "Amagi.Gold"
allows Amagi access to new markets and income potential as well as brand
exposure on a worldwide network.
The value of Amagi gold can then be exposed to the BitShares decentralized
market to be traded. This brings another price finding mechanism to value
Amagi gold against assets such as bitcoin, USD, CNY, Gold and Silver.
Accepting bitGold for physical delivery of gold would open Amagi up to an
entire new market and provide a convenient gateway from crypto to physical
assets. As gold dealers are subject to far less regulation than traditional
banks this gives Amagi a significant advantage.
boardofdirectors@overstock.com
INVESTOR RELATIONS
Contact: Mark Harden
Phone: (801) 947-5409
MEDIA RELATIONS
Phone: (801) 947-3564
https://twitter.com/overstockceo
It was too obvious even for me to miss! The central problem of artisan production – how to marry scattered small-lot production to mass demand – is indistinguishable from that of liquidation. And, by one of those weird coincidences that seem to govern my life, this was a problem I had already built the most effective mechanism to solve: Overstock.com.http://www.overstock.com/85772/static.html
Upon returning to the States, I formulated plans for Worldstock, a store within Overstock.com devoted solely to carrying the works of artisans – especially disadvantaged artisans – and selling them as inexpensively as possible so as to maximize the amount of return for them.
Or are you saying that by having the privacy tech implemented from the get go, the government will become habituated to it and be less likely to consider banning it than if the system becomes a success and then we finally decide to implement the privacy tech?Yeah this, maybe it wasn't the best way to get my point across.
If you want to engage in "Virtual Currency Business Activity" in the financial hub of the universe, you need a bitlicense.So long as there are no legal restrictions on further development etc
Section 200.3 License
(a) License required. No Person shall, without a license obtained from the superintendent as provided in
this Part, engage in any Virtual Currency Business Activity.
http://www.dfs.ny.gov/legal/regulations/adoptions/dfsp200t.pdf
Bitlicense will give priceless credibility to cryptomomex and the BitShares network. It will have a salutary effect on the price of bts. Likewise, if you *don't* get a bitlicense, credibility will suffer, and price will not be informed by serious investors interested in a credible product.
It's all upside.
