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Muse/SoundDAC / Re: PeerTracks is going to MIDEM!
« on: May 07, 2015, 07:46:21 pm »MIDEM?! Yes!
Go cob go!!!
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Just buy some freaking BTS!
well deserved
delegate pay, referral system, devs seeking funding from entrepeneurs, bitAssets AND bitAssets 3.0 can all co-exist.
I have seen this dilution being a huge issue for a long time...but I've also seen numbers somewhere on the forums showing exactly how little dilution currently exists...though I'm not at acomputer and am finding it difficult to locate the post.
Can anyone post the link or the numbers we are currently looking at both with and without the merger created funds?
I remember Bytemaster said in the hangout something that the people making transactions should be the ones paying for the service and not stakeholders. Ultimately this is right, but I do think that stakeholders have a certain buffer role. There are times where expenses are going to exceed income, and yet it is necessary to spend those funds. Currently we are in this situation. If we had to cover all delegate pay with TX fees, they would be so high that no one would use BTS anyway.
I may be alone with this opinion but I still think that efficient, sustainable funding through dilution is a great idea and gives us an advantage over all the other crypto projects out there. For now growth is far more important than some percent stake. And once BitShares reaches a substantial size, and tx fees get adjusted we might be able to become deflationary.
...If we will not be paid to offer these services by the blockchain, we will be forced to form alliances with entities that do not necessarily have transparency for everyday investors as a concern. That means that even if bitshares does well in marketcap, you will likely see the old system, only 2.0 the only media you will get will be paid by big players who see little players as sheep to be sheered. Just like Fox news and MSNBC.
Managed to listen to some of the mumble on Friday. From what I gather, the new plans are:
-Remove inflation for delegate pay
-Create the referral scheme that takes all the BitUSD transaction fees, so no more yield on BitUSD
This is great for the people now known as marketing delegates, but how do we still pay developers, whose product cant be quantified but is no less valuable?
So is this the plan to make us deflationary again, instead of making fees generated > delegate pay, get rid of delegate pay altogether?
Reputations must be earned.
Civility to strangers is a Best Practice.
We came from distant galaxies and want to land our ship on earth.
Some of us prefer to be polite and hospitable to everyone when we first meet them.
There is plenty of time to vet a project and calmly declare "scam" later, if that's how it turns out.
(Screaming it at every new arrival is just what troll saboteurs want to do to keep us from growing.)
But there is only one chance to make a good first impression.
So the rest of us need to quickly steer them into our Welcome Center as soon as we see them.
Please help us refer newcomers to the new BitShares Chamber of Commerce where they will find a receptive and polite audience interested in hearing them out and helping them to make their case to the general forum.
First encounters are not where we want everyone to show how tough and suspicious they are.