It is one of our core goals to promote the use of feed backed assets like bitUSD, bitEUR and there like for our POS systems. These assets are backed by BTS and will drive the price of BTS in the long term.
In my point of view is BitShares struggling to sell its core features to potential investors since we constantly develop and add new features without marketing the existing ones.
I am looking forward to other companies and individuals to promote our existing system and use the features we have today. Any YouTube how to guide, blog post or small website helps. I think stabile crypto currencies are our core achievements!
Why not build more apps? Why not reach out to exchanges and promote our IT System. Ken and I were talking about meetup groups the last meetings.
They are another great way to spread the word and raise awareness of BitShares. Also going to Bitcoin meetings and talk about current issues is a lot of fun and will raise some interst. Try it!
Serious projects are not going to talk about them on this forum.
They maybe getting underway with dev now or have been developing.
You really won't know anything about it until the time comes to vote for them.
I think given the launch time and everything else that transpired so close to the holidays some got put on hold until now.
It takes at least a month to develop an MVP of pretty much anything and the general consensus is that if a good programmer spent two weeks really studying and working with graphene they could pick it up and would also get all the support they need from CNX along the way.
So while I understand the frustration.. 3 months from the launch of the 2.0 MVP really is not a whole lot of time for anything to happen.
I will admit though that we are behind schedule on some things that we plan to deliver on the platform that have nothing to do with the current core offering of 2.0, while others will compliment it.
Don't forget.. Private Transactions are coming pretty soon!
Honestly, I wonder if we should all donate x% of our BTS and see if we can hire ourselves a CEO and Business Development team. The Decentralized concept is great, but it seems like at any one time, we're either growing incrementally or just flailing in the wind, hoping our sails catch the breeze. When any business does come along that wants to create a project, all it does is further drain the precious savings of this community to try and bootstrap something that ends up with limited volume.
I would donate a healthy percentage of my BTS to hire some businesspeople to run this thing.
Serious projects are not going to talk about them on this forum.
They maybe getting underway with dev now or have been developing.
You really won't know anything about it until the time comes to vote for them.
I think given the launch time and everything else that transpired so close to the holidays some got put on hold until now.
It takes at least a month to develop an MVP of pretty much anything and the general consensus is that if a good programmer spent two weeks really studying and working with graphene they could pick it up and would also get all the support they need from CNX along the way.
So while I understand the frustration.. 3 months from the launch of the 2.0 MVP really is not a whole lot of time for anything to happen.
I will admit though that we are behind schedule on some things that we plan to deliver on the platform that have nothing to do with the current core offering of 2.0, while others will compliment it.
Don't forget.. Private Transactions are coming pretty soon!
When there are so many options for a "good coder" to dive into, why would they come to bitshares? Why wouldn't they just go to ethereum, work with an existing exchange, or start their own thing with bitcoin or any of the other alts worth more than bts? I don't see what advantage BTS has over any of these options...
Wouldn't the best plan of action be for CNX to layout a profitable business idea, and let a new coder or business guy run with it? Wouldn't this show the world that people other than CNX can make money on this chain? I know i'll get the answer "CNX should be the ones monetizing their ideas", but wouldn't offering just 1 small project up be miniscule in risk but great in reward?
There is no fresh blood in BTS... most of the guys still doing work have been around since well before 2.0 ever launched and that group gets smaller by the week.
Just brainstorming. I'm not satisfied with the current pace of progress.
And what would be the levers of control to be used by those you hired? You're not making sense.
Serious projects are not going to talk about them on this forum.
They maybe getting underway with dev now or have been developing.
You really won't know anything about it until the time comes to vote for them.
I think given the launch time and everything else that transpired so close to the holidays some got put on hold until now.
It takes at least a month to develop an MVP of pretty much anything and the general consensus is that if a good programmer spent two weeks really studying and working with graphene they could pick it up and would also get all the support they need from CNX along the way.
So while I understand the frustration.. 3 months from the launch of the 2.0 MVP really is not a whole lot of time for anything to happen.
I will admit though that we are behind schedule on some things that we plan to deliver on the platform that have nothing to do with the current core offering of 2.0, while others will compliment it.
Don't forget.. Private Transactions are coming pretty soon!
When there are so many options for a "good coder" to dive into, why would they come to bitshares? Why wouldn't they just go to ethereum, work with an existing exchange, or start their own thing with bitcoin or any of the other alts worth more than bts? I don't see what advantage BTS has over any of these options...
Wouldn't the best plan of action be for CNX to layout a profitable business idea, and let a new coder or business guy run with it? Wouldn't this show the world that people other than CNX can make money on this chain? I know i'll get the answer "CNX should be the ones monetizing their ideas", but wouldn't offering just 1 small project up be miniscule in risk but great in reward?
There is no fresh blood in BTS... most of the guys still doing work have been around since well before 2.0 ever launched and that group gets smaller by the week.
Just brainstorming. I'm not satisfied with the current pace of progress.
And what would be the levers of control to be used by those you hired? You're not making sense.
The current elected committee would retain all power and would "hire" a business development team, including a CEO if that were agreed upon as a useful addition. I would see the elected committee functioning like a Board of Directors, every day-to-day contractor reporting to them. They already have been voting on proposals from the development side.
Keep that. But recognize that aside from Stan and a few people who help out, there is really no one working on making this a sustainable business. I think we've seriously neglected the business aspect. So create a pool of money, donated if that's the only way to raise it (or create another UIA -- same thing), from which we could offer heavily incentive-laden deals to some contractors who can help us add businesses and/or increase market cap. At present market cap (if I am not mistaken), even the development is not sustainable. We need to grow this thing if we want it to work.
Again, all would be under control of the current elected committee. And nothing would occur without voting approval.
The best thing we can do is be nice to people who come here with trial balloons.
A developer is a developer.. they need a lead or a business partner with the vision and business know how to get other things done to make something viable.
Good questions & good answers in this thread.
If someone is working on an exciting project, what is the incentive to share their plans publicly & early?
The best thing we can do is be nice to people who come here with trial balloons.
The best thing we can do is be nice to people who come here with trial balloons.
There is our business development strategy, the Five Year Plan. And while we wait for the world to come to us, it changes around us. Or maybe we are waiting for it to change around us, hoping it will then come to us? And can we sustain our project in the meantime?
(http://www.acting-man.com/blog/media/2015/03/five-year11.jpg)
Prediction markets seem to be the best thing BTS has going for it...
Come to think of it a few good PM's would be...
-How many companies actually make it to MVP with bts by end of Q2 2016?
-How much in worker proposals BTS will spend by end of Q2 2016?
-Market cap of BTS by end of Q2 2016?
Prediction markets seem to be the best thing BTS has going for it...
Come to think of it a few good PM's would be...
-How many companies actually make it to MVP with bts by end of Q2 2016?
-How much in worker proposals BTS will spend by end of Q2 2016?
-Market cap of BTS by end of Q2 2016?
- Next big exchange being hacked and btc stolen
- Next big exchange shutting down due to hack, scam, etc (like gox or cryptsy)
We are inching closer to the launch of gamebet.gg and we have very strong incentives to integrate Bitshares into it.
The PM has been something I've been looking into for a while , but maknig it appealing to gamers in general is another ball game together.
We emphasize a lot on developers but in all honesty, from my observation..
1. A lot of key projects are centered around a few companies (Data, CCEDK, CNX.. and there's us somewhere in the corner)
2. There is very little incentive (other than the product) for new organizations to enter this space. We need to make it more welcoming.
3. Documentation will help but grabbing developer attention is another ball game. Why don't we host a 10,000 USD hackathon ? I'd donate a little for that.
4. We need a team of devoted business developers working with media and vc's to show why Bitshares is a useful / viable entity.
5. As CNX moves away from Bitshares, we need to make more avenues for new leaders to lead the way. These leaders should have opposing views so that the community can make the best of choices.
To put what am saying in perspective..
Compare
1. No. of daily tx's of nxt/btc with Bts
2. Amount of VC investments into BTC vs BTS on year 3
3. Amount of discussions about BTC vs BTS
We are nowhere in the limelight. How the fuck do we expect people to know about us when all we do is sit here and discuss worker proposals ?
If there is utility, it needs to be marketed. The sharebot was one step in that direction. What @kenCode and @ronny are doing is another.
In my personal opinion, businesses shouldn't depend on worker proposals to build services of utlity but create viable business models that generate a ROI over a period of time. The worker proposal system reminds me of the soviet union and you know where they ended up at.
Look at http://coinmarketcap.com/assets/ While I'm sure many of those businesses only use the parent platform in a very limited manner you can see that's not where the value lies.
3 of the top 4 businesses are based on the Mastercoin but MSC has a CAP of just $1.2 Million.
4 of the top 10 are on Counterparty but XCP has a CAP of just $1.8 Million.
The only game in town is Smartcoins and PM's. (As outright gambling is off the table)
On the PM side, Augur raised more than $5 million, more than XCP+MSC combined, while the price might be inflated, an Augur IOU values them at $23 million, more than NXT+XCP+MSC+BTS before a bet has even been placed.
A Political PM started in 2014 attracted over 17000 users in less the 8 months...
https://globenewswire.com/news-release/2015/05/28/740115/10136448/en/PredictIt-Market-Rapidly-Growing-Over-2-Million-Shares-Traded.html
1. Try a lot of PM's, even attracting a fraction of Augur's interest and value will be better than 2 years spent attracting businesses to use the platform that don't add value.
On the Smartcoin side, Nubits distributed $400 000 in dividends on the back of their pegged asset model in 2015. In 2016 I believe they hope to roll out multiple assets and an exchange.
Uphold formerly BitReserve is supposedly the fastest growing money platform in the world on the back of their centralized BitAssets backed by funds in a centralized bank. https://uphold.com/
A decentralized Smartcoin on a great platform would be even better.
2. Try a lot of BitUSD implementations, focusing on liquidity and a tight peg, even if there is greater medium term risk. Fast evolution process should hit on a good implementation which can then be rolled out similar to the manner NuBits went about things.