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Messages - Troglodactyl

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451
General Discussion / Re: CoinGecko * BitShares #11 * Developer 59%
« on: December 20, 2014, 06:10:22 am »
How does CoinGecko calculate the average users online under community?  CoinGecko shows that number for Bitcoin at 806, and BitShares as only 5, but both use SMF which reports the average online per day at BitcoinTalk.org as 324.31 (https://bitcointalk.org/index.php?action=stats) and the same for BitsSharesTalk.org as 151.66 (https://bitsharestalk.org/index.php?action=stats).

On the CoinGecko rankings, click "BitShares" and scroll down, you will see the stats more broken down. The "5" relates to the number of users online on Reddit http://www.reddit.com/r/BitShares

Ah, thank you, that makes much more sense.

452
General Discussion / Re: CoinGecko * BitShares #11 * Developer 59%
« on: December 20, 2014, 04:58:31 am »
How does CoinGecko calculate the average users online under community?  CoinGecko shows that number for Bitcoin at 806, and BitShares as only 5, but both use SMF which reports the average online per day at BitcoinTalk.org as 324.31 (https://bitcointalk.org/index.php?action=stats) and the same for BitsSharesTalk.org as 151.66 (https://bitsharestalk.org/index.php?action=stats).

453
Wasn't he paid with community funds? Namely AGS?

No.  He was paid with donated funds.

A better question for us all to be asking is how Brian Page's weight compares to that of a duck.

Quoting myself from another thread:

...

Also, everyone please bear in mind that agreements already made with Brian Page are effectively a sunk cost.  Complaining about them will not make them go away, and destructive criticism can only reduce the return on that cost, if it has any impact at all. The only logical response in my opinion is to give him the benefit of the doubt and support him with constructive criticism, advice, and at least any assistance that does not hinder other efforts.  I honestly believe that Brian wants to help make BitShares more successful, but even if you believe he doesn't, attacks against him accomplish nothing.

454
General Discussion / Re: Is the Official Marketing Team Sleeping?
« on: December 16, 2014, 01:08:07 am »
I feel that if bitshares had the ethereum marketing team instead, we wouldve surpassed bitcoin already.

Ethereum is the perfect case against the philosophy that we need to have a stable product before we can market....not true!

That's not necessarily fair, though I certainly think there's some legitimacy to it.

Short term, full marketing from the beginning certainly yields more impressive results.  But how do we know Ethereum won't burn out?  What if their audience gets a bad first impression, tires of it, and is no longer receptive when the full product arrives?

It's not so easy to say what approach will yield the best longterm results.  I certainly think we'd benefit from more marketing now, but probably not so much from mainstream marketing yet.

455
General Discussion / Re: Is the Official Marketing Team Sleeping?
« on: December 16, 2014, 01:00:30 am »
BP is here in Blacksburg this week and we need to identify what we want from him.   

Here is my assessment:
  1) he cannot create new content only poorly repackage content provided by others
  2) he hires other people to manage social media
  3) he has brought in great talent with Max & Friends and this talent I want to keep.
  4) he cannot produce a website
 
Here are some changes that are going on:
  1) Social Media is being moved to Adam Earnest & Team
  2) Website is being moved to me + cass + Adam
  3) Max is producing and marketing BitShares.tv
  4) I am starting a blog to talk about things and set vision/goals/etc.
  5) Agent86 is producing more technical papers / educational material
 
Brian's primary strength has been organizing our presence at conferences and getting us interviews there. 

The challenge that Brian faces is that he found other people to do his work.  He hasn't produced news articles, nor driven media to our website.  He hasn't gotten press in or communicated our idea. 

The nullstreet crowd is busy showing Brian what he should have been doing/organizing this whole time. 

Brian is in sales but he doesn't know what to sell nor what BitShares is.  Every time we talk he asks me "what is BitShares?" in an attempt to get me to explain it for the Nth time.   

Something has to change.  Brian needs to bring measurable results to the table.   We will figure this out this week.

I just want everyone to know that I share your frustration.


Thanks BM so much for this post!

* I like that you are going to work on a blog.  This will help us communicate your vision.  This could be very helpful towards getting the libertarian community interested in bitshares!

* I'm very excited about Bitshares TV.  This has a lot of potential.

* Getting more positive media articles about Bitshares in the crypto media world should be a priority!  This could have a strong positive impact.   We need to get more presence in the general mindset of crypto enthusiasts.  Everyone knows about Ethereum, but tons of people out there have never investigated bitshares at all.  That is a lot of untapped potential that we might be able to get to grow our core support base.


I think we all feel that we have overpaid for what we have gotten in terms of those conference connections, business connections, being hooked up with those marketing talents like Max.  But the fact that we overpaid isnt the end of the world.  After all, bitcoin grew from nothing with no marketing budget.   We have the ability to pay people from the blockchain now, so we can continue to fund marketing forever.  We have methodX and hpEnvy and matt608 and others from the community who are now seeing successes in their efforts.


^ This.

Also, everyone please bear in mind that agreements already made with Brian Page are effectively a sunk cost.  Complaining about them will not make them go away, and destructive criticism can only reduce the return on that cost, if it has any impact at all. The only logical response in my opinion is to give him the benefit of the doubt and support him with constructive criticism, advice, and at least any assistance that does not hinder other efforts.  I honestly believe that Brian wants to help make BitShares more successful, but even if you believe he doesn't, attacks against him accomplish nothing.

456
so what does "duplicate transaction" actually mean? and why have both been confirmed into blocks?? wouldn't that be a "double spend"?
Please clearify ...

Duplicate transaction means that the same operations were performed twice assuming it was valid to perform them twice.  It could result in a double spend.
Not a double spend of the types most commonly discussed in Bitcoin though, unless I'm mistaken. It's more of a replay vulnerability, so both spends go to the same receiver, and both are still deducted from the sender's account.

457
General Discussion / Re: Say Hello To Stacey Everyone
« on: December 13, 2014, 05:59:15 pm »
Toast,Cass and MethodX all provided tons of github,graphic work or demonstrated a great understanding of marketing. It (at least for me) was very easy to see the value of any of these players very quickly. I not only encourage but applaud anyone who does anything big or small as a volunteer.I do feel that volunteer's VS paid delegates should be held to different standards and that it is important to know who is what so that we as a community can accurately judge the work said person is or isn't doing. With MethodX having a delegate(which I supported and he is doing a great job) I felt it was important for it to be known if delegate funds were being used for this idea. It lets all of us as shareholders vote on delegates that provide value to the system, whether through development of code, graphical design, or and other skill deemed useful.

Ok, I finally understand your point now. Yes this is a very valid concern to have and something I never even considered the OP could be interpreted as. She is not being paid for this. It's legitimately a fun project the me and Stacey want to work on. We have two videos planned and nothing beyond that.

My perspective on this is that the blockchain hired you to use your best judgment to increase its value.  If that judgment includes subcontracting and hiring people the stakeholders don't know or trust, go for it.  You're hired to manage those details so they don't have to.  If the shareholders micromanage every detail of what you're doing, there's no value in having you at all.  If you persistently abuse that, or show yourself to be ineffective, you'll lose your position.  Until that happens, we get the best return out of you by minimizing the friction and drag we apply to your efforts by questioning every detail (constructive feedback is different).

That said, getting things done by finding partners willing to work for nothing but reputation building and fun is even more efficient.

*applause*

458
General Discussion / Re: more paid delegates = less bts burned?
« on: December 13, 2014, 05:46:29 pm »
The key to what you're saying is "once BTS has reached its peak market cap."  If it were to lose all growth potential, and we were still paying delegates in excess of burnt fees, then it would be unprofitable to hold BTS.  I don't think we'll reach its full growth potential for quite some time though.  While it's growing in value faster than the growth of total supply, investors have incentive to hold it even as the supply increases, because share price is still increasing.

Reaching peak market cap would mean basically that it's no longer able to create new value.  If the delegates are doing their jobs, BitShares should adapt as necessary to avoid that ever happening, though growth should slow once it reaches market saturation.

459
General Discussion / Re: Aggregate Public Opinion Matters
« on: December 13, 2014, 05:49:10 am »
Once people are set up to vote in one BitShares powered election, I see nothing stopping them from using the same keys to weigh in on other elections or polls, and there's no requirement that all polls and elections be created by the same people.  That's a huge step in reducing the barrier to entry in credible polling, and in solving the problem of the critical questions that are currently left unasked.

460
...
Would be it possible to allow authorization of web-based transactions to occur on your smart phone?

1. Click "Pay via BitShares App"
2. Enter in your account name
3. Website says "Please check your phone to Authorize transaction" or "Your account is not set up to take phone authorizations. Click here for more info"
4. Receive notification and request to authorize transaction on your phone, touch 'Accept'
5. Website recognizes the authorization, receives payment, and brings you to thank-you page.

It would be great for this to be a part of the lightweight phone client.

This wouldn't require multisig or escrow, though those are always nice options to have.  It seems the messaging system for lightweight clients should be able to support payment requests just as easily as payment notifications. 

Payment requests could be generated anywhere, and transferred to the mobile wallet through the messaging system if no other method were available.  Once the user sees the request on the mobile wallet and approves it, the transaction would just be signed and broadcast.

461
General Discussion / Re: CFTC Chairman claims oversight on BTC Derivatives
« on: December 11, 2014, 05:01:34 pm »
One day, as Billy is lounging in a perfect vacuum, he idly tosses a quarter vertically at an initial velocity of exactly 50 m/s.  As it sails through nothing in particular, he ponders what he may spend it on when it returns.

1. What is the total flight time of Billy's quarter?
2. During this time, how much value can Billy anticipate will be lost to inflation?
3. Does Billy's action constitute a futures contract?

462
General Discussion / Re: what is bts_s1 ?
« on: December 10, 2014, 06:16:39 am »
Sounds like it's tradeable balance from a BitShares snapshot.  Hopefully they'll rename it to something more descriptive soon.

463
General Discussion / Re: Say Hello To Stacey Everyone
« on: December 09, 2014, 03:15:24 am »
[Back on topic...]

Hello Stacey.

Plan sounds reasonable to me.

464
Technical Support / Re: Where does the interest come from?
« on: December 07, 2014, 10:49:42 pm »
It comes from shorts who borrowed the BitAsset into existence and it comes from transaction fees on that asset.

I still find this explanation of interest confusing, and I doubt its helpful for beginners.

I prefer this simpler explanation: shorts are super bullish on BTS, so they are willing to pay interest to whoever takes the opposite side of their trade, which bribes/incentives them not to dump their shares.

Thank you for replying.

So, primarily its from Shorts and some transaction fees. How high are these fees associated with Bitshares? Fractions i would assume.

The bitUSD transaction fee was about half a cent, last time I checked.

In the long run, the lion's share of interest will probably come from the interest paid by shorts. Source: my intuition.

Sent from my SCH-S720C using Tapatalk 2

Agreed, so when shorts are competing, interest on a bitAsset should reflect the average consensus among shorters of how rapidly BTS will appreciate relative to that asset.

465
General Discussion / Re: Making Proof of Work as Predictable as DPOS
« on: December 07, 2014, 10:41:10 pm »
Doesnt mining still burn energy needlessly that could be put into the ecosystem?  What is the point of making blocks predictable like dpos when dpos is still better?  Just curious.
Yes.  The point is that there are lots of people who stubbornly oppose any alternative to POW, and that's a market worth serving.  I'd prefer selling them a better product too, but you just have to give them the best they're willing to take.

Just give them BitBTC.

If they think every system without mining is doomed, that won't help them.

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