Yep. He gave us a list of selling points we could already have been using. A great asset compared to us complaining. Thank you @Empirical1.2. I know it gets tough sometimes but any of us who got into this thinking it would be easy should have never got in in the first place. We are going to keep going and with people doing valuable things like this we have more we can use.
Now I still have to admit, however. I am at a loss how you can compile a list like this yet still honestly say we have nothing we can approach others with...I mean you just basically made all your earlier points in this thread rrelevant with this post (which is respectable actually if you already know it and made a choice to fight the low marketcap demons)
Thanks
Well my earliers statements were because nearly everything on that list requires SmartCoins to be more tightly pegged. SmartCoin to Fiat will also add to the true cost of many services mentioned.
However it was you talking about the Emercoin & Factom approach that lead me to agree with you that from a marketing point of view you can also focus on the product and service 'potential'.
This is why I spend so much of my time thinking about Smartcoins, I personally think it's at the centre of what BitShares has to offer and getting those more tightly pegged is what's going to make investors and new developers believe that the potential of many of those products and services can be actualized.
@cass , would you consider placing it on our website as part of your current worker proposal?
Together with a couple of screen-shots of our GUI, this would be a very refreshing addition.
We could keep the webpage as it is but just add a dedicated section for non-technical newcomers with Empirical's text and some screenshots.
If this is outside the scope of your worker, I think this is worth a separate worker proposal and having it done by you or someone else who has the time.
Thanks, If you're going to use it on the site, feel free to add/remove products or change the text especially if any of the content isn't accurate/misleading.
@Empirical1.2 I realize this is off topic of this thread.. but I wanted to get your impressions since you seem to be expelling a great deal of brain power on Smartcoins.. what you think will bring the peg more inline with real world fiat.
Is it simply a chicken/egg situation if liquidity where someone is just going to have to step up and eat losses to try and pull all the other market traders inline to hold their trades within at least a 2% margin of the feed?
Or should the system change to where we put a ceiling on it and only allow the margins to go so far?
Is there something the committee could do in all this to make them work better?
Please forgive me if you have already stated such things and I have just forgotten or missed them and feel free to just cut and paste them if that is the case.
Personally I think BTS will benefit so much from tightly pegged Smartcoins that by supporting the peg we are not really eating a loss overall.
At the very least I think it's worth directing trading fees to dividends for the Shorts to bring them closer to the peg.
I think MAKER may fail because after two years/whenever, if the same market conditions persist Shorts will still be reluctant to come to the peg. (& we will have committed some of our future trading fees to Market Makers for past services rendered so won't be able to use that to incentivize them.)
My current thinking about how to get the Smartcoin peg tighter is here https://bitsharestalk.org/index.php/topic,21125.0.html
However there are people on here, obviously including BM himself who understand these problems better than me.
and there are people outside this forum we could be gaining interest from so they too can help us solve these probs. but we cant tale the approach that we arent good enough.
let anyone interested in deving w/ blockchains see even the basic network capabilities (3sec tx times that get lower as the network grows, separations of power, nearly unlimited scalability...) and they will get interested.
these are things
no other blockchain has...why not embrace them and tell people shamelessely that we need them to join us in our constant journey to find solutions for life liberty and property, and that we are always looking for people to join our cause and offer their solutions.
the point im making here is that we are sitting on groundbreaking tech....tightly pegged smartcoins or not. dude bitshares is already so money! Lets keep working on improving but dont that
keep us from advocating and recruiting!