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General Discussion / Re: BitUSD & rouble exchange, Crackix.com will be live soon
« on: December 26, 2014, 03:43:28 am »
This is great! I wish you guys the very best of luck!
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Sell your PTS, buy some BTS, and release your video.
We all need to be on the same team for this to be extremely successful.
By analogy, I think it's fine for shareholders to have positions in and support multiple companies and even direct competitors.
But I don't think it's OK to give 33% equity to a competitor in anything without shareholder approval though. Especially, when said shareholders have just paid a fortune to buy out said competitor.
Sharedrops are given to the owners/customers of a competitor, not to the competitor.
This is a valid concept that may or may not entice some of them away from the competitor.
(It hasn't really been tried yet except in some ancient discussion about DNS sharedropping on Namecoin users.)
In the case of DevShares, its intended customer base is DPOS developers and ecosystem partners, including those who may prefer the new PTS positioning as a "neutral" share drop target. So naturally its sharedrop should be engineered to attract such customers wherever we can find them. The only other airdroppable source of potential DPOS customers is PLAY and MUSIC. I can see advantages to trying to motivate their developers to use the same test chain as well. Standardization, cross-pollination of ideas, more testing on common code modules and continued code compatibility testing come to mind.
Many advantages, come to think of it. Hmmmm....
Sell your PTS, buy some BTS, and release your video.
We all need to be on the same team for this to be extremely successful.
QuoteThe counter argument is that, devshares will be the platform that gets exposed to the best new Bitshares features first (if I understand the intention of a release-candidate/test platform correctly).QuoteWould you be angry if the devs coordinated a massive dump to test out undercollateralization?
DON'T HOLD DEVSHARES!
Would you be angry if the devs discovered and exploited a bug in DVS which permanently brought down the network and forced a reset?
DON'T HOLD DEVSHARES!
Would you be angry if the devs reset the network and allocated 100% to Vikram?
DON'T HOLD DEVSHARES!
Someone outside the community who hears about some new feature development in a public press-release for example, and wants to get involved, is going to be told that it's not in Bitshares BTS yet but is in devshares.
The first thing they will want to know is how to acquire devshares.
Also, If Bitshares' developers are paid out of BTS contributions through delegate inflation, then it should be BTS holders that are the recipient of sharedrops irrespective of the perceived value. Dropping to PTS gives PTS a lot symbolic legitimacy when BTS holders already paid to acquire them, at least that seems to be the common understanding.
Whos dad?anyone have a contact here? Twitter sucks at this sort of thing
Yeah I'm his dad.
Edit: I wonder how much BitGold.com cost
Im from bc you from ontario? Id like to give the guys a call to talk to them
It's irrelevant whether DVS is worth $0.01
It's the principal of BTS or devs being seen to direct anything at post 11/05 PTS.
This is my issue too. It's about respect, and about whether or not BTS delegates actually work for BTS and can be trusted by stakeholders to have their best interests in mind.
pre OR post PTS shouldn't get them, since it is BTS ONLY who will have to pay for whatever minuscule value DVS gets through dilution of OUR funds. PTS/AGS already diluted us 25% in an agreement I think was very fair. There is no need to continue pushing through wealth transfers from us to them, in any shape or form, no matter the amount. They already received enough. It's simply exhausting that as a stakeholder you have to be on guard against this kind of stuff even now, months later. It should be a closed chapter.
"What's the next thing that our delegates will give to PTS/AGS?" This is the question that makes people paranoid.
Edit: honoring the 11/5 snapshot is also fair since that was what originally announced. The current sharedrop to the undead PTS just must be undone. Its a question of avoiding a new integrity crisis and split of the community. No matter how good our tech is we will not survive if we just keep having PR blunder after PR blunder like this.
anyone have a contact here? Twitter sucks at this sort of thing
These kind of services are not competitors to BTS. They're gateways, and we could benefit greatly from them integrating with bitshares and issuing their IOUs on our blockchain.
The fact that their names compete with ours isn't really a big deal. Gold derivatives are still more volatile than USD and other national currencies, so there's no reason why they should become a means of payment in the short run. The people who actually use bitshares' bitGOLD will mainly be speculators and investors, and they might be more attracted to the product if we call it market pegged gold, since that clearly explains its value proposition.
Maybe they would make bitGOLD directly exchangeable for their bitgold, like btc38 accepting bitCNY as equivalent to CNY. It would reward them with purchases from BitShares users, and reward BitShares by having the bitGOLD backed by their bitgold.
bitreserve could do the same thing.
Completely agree. I've sent them some tweets explaining this situation. Please feel free to join in: https://twitter.com/bitgoldinc/status/547532410204610560
BitShares bitGOLD is only going to strengthen their offerings by offering consumers reduced risk and increased control.
I don't think we should try to fight for the bitGOLD name in public at this point. Both bitreserve and now this company are trying to claim it, and our bitGOLD isn't established the same way as bitUSD and bitCNY is to the public. We should still use bitGOLD internally in the context where it is completely clear that we mean MPA-gold, but it just causes confusion trying to use it towards outsiders(because they assume it is an IOU). Calling it market pegged gold really clears up everything so much better.
I agree, if we could advertise that a single delegate paid 10k it would be a lot easier to get attention. We have precedence for a single person running several paid delegates though, so it should be possible for a well established bitcoin/altcoin dev like Taaki or Todd (my two favorite "targets") to get enough delegates voted in for them to receive a fair market rate salary (especially considering the immediate market cap benefit their announcement would give us). Problem is that we can't simply approach them and "offer" such a position. They still publicly have to do a lot of work themselves to get the votes, and it won't really be possible to do behind-the-scenes negotiations and then only announce the deal when it's already closed.