@bitmarket

I sense you might be a direct response copywriter? Or involved in internet marketing in some way? I've been in that industry from the (almost) beginning. I'm friends with Yanik Silver and I've done copy for Neil Strauss a few times.

Something I've been trying to get across to the BitShares team is the importance of the language they use when talking to specific demographics. The language that will get bitcoiners excited is completely different than the language that will get mom and dad excited.

I did an AMA in /r/BitcoinMarkets/ on Monday and the main takeaway for me (as a copywriter / IMer) was how receptive they were when I framed BitShares X as a "financial experiment". It completely blasted past their psychological barriers. The people who frequent /r/BitcoinMarket are some of the most jaded cynical people you'll ever meet and yet they seemed completely open to the idea.

Based on the feedback from the AMA I've been toying with the slogan "The Greatest Financial Experiment Since Bitcoin" as a hook targeted at typical bitcoin adopters. Framing BitShares X as a financial experiment automatically dismisses it as a threat. Suddenly it's the same as bitcoin. An all new fascinating experiment they can get excited about all over again.

If bitcoiners see BitShares an innovative financial experiment they'll automatically think "I can get in on this early and become rich like the early bitcoiners" AND "it's just an experiment, not a hyped up scam coin so it's at least worth paying attention to". It completely gets past their bullshit detector.

Some of the AMA comments:

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I've been following this since the days of PTS - still can't say I fully understand, but I'm glad to see progress because I think it's a fascinating experiment.

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I really think BTSX is an awesome experiment!

There were many other comments along the lines of "awesome experiment" and "fascinating".

I believe you are 100% right in your selling points for that audience and you have good points for the different market segments you mentioned.  I studied copywriting for awhile, very fascinating stuff.  Never got to do much of it but I respect it very much.  Every hear of Bob Bly and/or read that scientific advertising book?  Probably I would guess.

Quote from: tonyk on September 10, 2014, 08:35:15 pm

Yes you all use the same software but sometimes software products allow you to change settings.
I hope my stupidity, of not knowing how delegate software works is excused....

0.1 BTSX it's a min transaction fee (which you can set in the settings - default for latest versions is 0.5 BTSX), even you change it in the code and make it lower than 0.1 BTSX, for example 0.01 BTSX, then network (all other nodes) will not accept your transaction.

Does your delegate wallet setting for this affect your pay?  I would think not right?

Quote from: youdianweidao on September 10, 2014, 08:20:07 am

shabi

 

Sha Bi: http://www.urbandictionary.com/define.php?term=Sha+Bi

These are all great IMHO!! 

for sure I'd like to use some of these infographics on my site and I think there was at least one that might make a good vertical banner ad so please let everyone know when there are usable versions done and where they are.

This is ok if we write a proper whitepaper first and make the bounty about breaking the protocol.
We need a separate bug bounty for implementation bugs which is *not* ready for huge public bounty.

What do you consider to be the "protocol"?

Quote from: arhag on September 09, 2014, 09:09:04 pm

Quote from: bytemaster on September 09, 2014, 06:29:41 pm

There is no computationally simple way to perform "compound interest" because the "interest rate" is variable over time and a number of other complexities.

Is this because it would take too much time to compute the factor to multiply the BitUSD value by for each transaction? Meaning if each block determines a factor f_i (representing e^y where y is the per block variable yield rate) for each BitAsset, then for each transaction with BitAsset inputs you would need to get all the BitAsset's f_i from block i = m where the transaction was created to block i = n which is the current block where the transaction was spent, and then multiply the BitAsset value by f_m * f_(m+1) * ... * f_n to get its new value with yield.

Yes.  It would greatly increase database size and transaction processing time.  I know how to "do it proper" from the original dividends design for BTSX.  It requires an accumulation table that must be updated every block for 1 years worth of blocks. 

Quote

Quote from: bytemaster on September 09, 2014, 06:29:41 pm

I said it before and I will say it again, this isn't really "interest" because it doesn't "accrue" in a monotonic manner.   Your "estimated yield" could go down from day to day depending upon the rate of new fees, rewards claimed by others, and new issuance.   

Well as long as the yield rate is non-negative (which it should be) the value of your BitAssets are monotonically increasing.

Well the GUI shows "Estimated Yield" if you made a transaction "right now"... but the estimation could go down relative to an earlier estimation but it will never be negative.

Great you got something in the GUI for it already !!