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Messages - santaclause102

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256
[...]
I see that you put a lot of work into it as you laid out in your post.

The question I would like to have an answer for is (I didn't see an answer to that in your text) how effective the pool is: For example: overall cost (incl. development work, subsidized payouts etc) / NEW user introduced to the wallet.
My opinion is that if that is not a good ratio or the ratio is not known then 6 delegates adds quite a bit of dilution and therefore selling pressure for something that is not effective or at least not proven to be effective. The two delegates that were in there (also at a higher market cap) should have been enough to prove this marketing method to justify 6 delegates quantifyably. 

I like that you put a lot of thought and effort into your post but I would prefer a concise reply that is on point (not longer than necessary; I had a hard time seeing an answer to my question in your last post ) :)

It's not just a new user introduced to the wallet. It's a regular user generating transactions and volume on a almost daily basis.

Based on our current averages, a user generates $2 a day and is paid out in bitUSD. This means that we are effectively holding triple the BTS.

There is a buy and there is a sell. Each day presenting we are buying up bitUSD to pay out miners. Following each individual payout they are either holding, using, or converting to something else. Either way the volume is coming to bitshares along with all the transactions. It also appears that a lot number of the miners are holders.. they are using the mining as a way to earn BTS.

The delegates we had went towards bonuses of the current pool primarily and some towards dev as I already stated.

Edit: I have had this sitting in my browser since yesterday and I have rewritten it a few times.. I realize now I just need to put out more detailed plans on development and growth so that its more concise for everyone to access. I will take some time out over this weekend to try and get this out to you and everyone by early next week. I thought I would at least post this so you know I am not ignoring your question.
Much appreciated!
What I'd like to see is a calculation /estiamte based on the numbers that have been generated up to now. Amount of funds used vs amount of transaction fees generated (plus possibly estimate over future tx fees). Such a calculation / numbers are much more objective than all the texting we are doing here...

257
Stakeholder Proposals / Re: delegate.ihashfury
« on: August 29, 2015, 12:11:42 pm »
Over the last year, I have been running the following VPS (on three different service providers) to provide decentralization, redundancy and back-up for the BitShares eco-system:

512MB 1 core (ubuntu i686) Amsterdam: BTS seed node, chain server and my own web site

1024MB 1 core (archlinux i686) London: BTS delegate with feeds

2048MB 8 core (ubuntu x86_64) Dallas: BTS backup, seed node and chain server


I have now set-up a new VPS for Graphene testing:

3072MB 4 core (ubuntu x86_64) London.

I have also been supporting the other DPOS chains (seed nodes and chain servers) and testnets (DEV PLS PTS) spread across the above servers.

I will be changing the configuration of these servers to best accommodate BitShares 2.0 on the run up to release.

I will continue supporting the BTS network with these servers and hope to be able to scale up to the future potential of BitShares 2.0.
+5% +5%

258
General Discussion / Digital hiring trap
« on: August 28, 2015, 06:43:25 pm »
There is a tricky combination we are faced with:

1) Most delegates that are hired by shareholdervote don't go through the same due diligence process a normal employee would have to go through: Real World ID known, professional history / proven track record checked etc.
2) There are social bonds on the forum and beyond despite most just have a digital / forum ID.

A problem occurs when obligations due to social bonds mix with close to non existing due diligence. 

Solution: Over time "the workers" that are hired will be out there with their real ID (and in 2.0 there will be no marketing workers anyway, thank god because it's hard to measure). But in the mean time I propose that a culture of asking tough questions helps. It can be perceived like a fun checking of each others concepts and finding the best truth together.

259
My javascript is pretty rusty but I'm getting pretty good with react.js now.
Some stuff I dabble with: io.js, koa, socket.io
I'm also fluent in asp, sql, html, css, json and all the simple stuff of course.
learn somethin new every day.
what coding have you yourself done for bitshares that has a functional role already?
- I would never ask these questions if you didn't have a delegate - :) Overall I think the digital hiring model deserve extra due diligence.

260
@kencode
wasn't aware of your coding skills... what programming languages do you speak fluently?
what functional code (something that fulfills a role somewhere today) have you written?

261
[...]
I see that you put a lot of work into it as you laid out in your post.

The question I would like to have an answer for is (I didn't see an answer to that in your text) how effective the pool is: For example: overall cost (incl. development work, subsidized payouts etc) / NEW user introduced to the wallet.
My opinion is that if that is not a good ratio or the ratio is not known then 6 delegates adds quite a bit of dilution and therefore selling pressure for something that is not effective or at least not proven to be effective. The two delegates that were in there (also at a higher market cap) should have been enough to prove this marketing method to justify 6 delegates quantifyably. 

I like that you put a lot of thought and effort into your post but I would prefer a concise reply that is on point (not longer than necessary; I had a hard time seeing an answer to my question in your last post ) :)

262
If you think about it the 6 100% btsmining delegates that are in atm could afford a new developer that works half time in the US or  two full time devs in Eastern Europe....

But do we have those developers available?
Seeking them is costly too of course. I just put things into perspective. You can also just save the money. The question is whether the subsidized bts mining pool is really cost effective (see considerations above) It is the single most costly operation atm that is paid through inflation...
And imo the model should have proofed with one or two delegates before it gets 6 therefore my questions above to data...

263
General Discussion / Re: Active (un)voting initiative
« on: August 28, 2015, 10:03:02 am »
We really need the DPOShub. It's really frustrating to decide who to vote when all information is scattered around the forum. No wonder some people make weird voting decisions.
+5%

264
Did you look into the rewards program?

One of the options on the table yes, but does it help at scale for enterprises ?
Way I saw it, its a system to help volunteers assisting the community. Similar to delegate pay.
Would appreciate any links / sources of info.
It's more for enterprises (online and mobile wallets, exchanges, other application providers) that bring in new users. These enterprises then get 80% of the lifetime revenue (from tx fees) from the users they brought in no matter how these users generate the revenue on the bitshares network. See https://bitshares.org/technology/referral-rewards-program/

265
How much traction has the mining pool gotten with the two 100% delegates you had in the top 101 for a while? What are the numbers there (costs and new users introduced)?

What are the reasons that this will scale more than linearly now that you have trippled the amount delegates?

My (critical) thinking is that miners are professional companies that are very specialized in mining and do not look into investing (in crypto projects) or using them. This would be different if we had many home miners still... If that is so then it is just subsidizing mining for nothing.

My overall take on marketing atm is that we shouldnt waste any ressources on it until 2.0 is out.  If you think about it the 6 100% btsmining delegates that are in atm could afford a new developer that works half time in the US or  two full time devs in Eastern Europe....

266
Did you look into the rewards program?

267
Muse/SoundDAC / Re: Looking forward to cob's Micro Update
« on: August 27, 2015, 01:15:11 pm »
what is the market cap of all notes?

268
Stakeholder Proposals / Re: Congrats on #1 Xeroc
« on: August 27, 2015, 01:11:35 pm »
 +5%
xeroc has always helped me with client issues outside the forum

269
I can't get the mumble client to run so I will have to rely on this thread to get my question in there...

Regarding what has been brought up initially by bitcoinfan here https://bitsharestalk.org/index.php/topic,16318.msg227162.html#msg227162

Question: Do you see a way to combine the bitshare's scalable and efficient curated apps model with rewarding developers for how much the apps they develop are used (ethereum model)?

Context:
BitShare's model is to develop the apps in house and reward those that market them and find specific markets to market them to.
Ethereum's model is to let external devs develop the apps who can charge per volume or for access to the app (that at least is how I understand it atm:  https://www.reddit.com/r/ethereum/comments/3il72a/revenues_for_dapp_developers/).  Marketing is  done also by the respective dev (or a referral program if he codes that into his app  additionally.

270
Random Discussion / Re: Are you going to upgrade your Operating System?
« on: August 27, 2015, 10:27:04 am »
For the most easy transition to Linux: http://zorin-os.com/

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