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Quote from: bytemaster on October 04, 2014, 06:22:12 pmThis yearOuch!!Quote from: bytemaster on January 12, 2015, 07:57:37 pmTo be fair my projections on certain gateways coming on line were based upon statements by Brian Page which turned out to be way off the mark. I hope Brian Page is not slated to receive bonus if the marketcap increases.5m BTS - could've got us so much *sigh*
This year
To be fair my projections on certain gateways coming on line were based upon statements by Brian Page which turned out to be way off the mark.
Quote from: skyscraperfarms on January 13, 2015, 07:49:39 amQuote from: bytemaster on January 12, 2015, 07:57:37 pmTo be fair my projections on certain gateways coming on line were based upon statements by Brian Page which turned out to be way off the mark. From what I know right now, there are several exchanges that are in the process of integrating with us. We even have Dan & Eric actively working to produce a gateway. Unfortunately, our dev team can do very little to accelerate the development teams of 3rd party exchanges. It will take time, but slow and steady will win the race. Did Brian just flat out lie to you guys? If so, that is amazing and sad. I feel like it would've had to be an elaborate lie to convince you of a pipeline of things to come without ever working toward them or providing evidence of maturation. The amount of work it would take seems to be more than to have just done it. I remember posting something that it would've been like $5K (here in CA) to apply for a money services license and then however much for some one to design a site that could sell bitUSD for a dollar plus fee or sell BTS for dollars. Brian's salary could've been used for this and so much more. Hindsight I guess.I was sure it was something like that! This guy has damaged bitshares more then he has bring benefits to it !!! (2 steps forward and 3 steps backward)...But it is not only his fault... I hope you all can now better identify the honest guys that will work with you in future... And I hope we don't have other's like him around us from now own!!!.... (unfortunately I doubt it will not happen again,at least then it's "all" shareholder's "fault"....theoretical....and,at least the funds in stake will not be so huge I assume )
Quote from: bytemaster on January 12, 2015, 07:57:37 pmTo be fair my projections on certain gateways coming on line were based upon statements by Brian Page which turned out to be way off the mark. From what I know right now, there are several exchanges that are in the process of integrating with us. We even have Dan & Eric actively working to produce a gateway. Unfortunately, our dev team can do very little to accelerate the development teams of 3rd party exchanges. It will take time, but slow and steady will win the race. Did Brian just flat out lie to you guys? If so, that is amazing and sad. I feel like it would've had to be an elaborate lie to convince you of a pipeline of things to come without ever working toward them or providing evidence of maturation. The amount of work it would take seems to be more than to have just done it. I remember posting something that it would've been like $5K (here in CA) to apply for a money services license and then however much for some one to design a site that could sell bitUSD for a dollar plus fee or sell BTS for dollars. Brian's salary could've been used for this and so much more. Hindsight I guess.
To be fair my projections on certain gateways coming on line were based upon statements by Brian Page which turned out to be way off the mark. From what I know right now, there are several exchanges that are in the process of integrating with us. We even have Dan & Eric actively working to produce a gateway. Unfortunately, our dev team can do very little to accelerate the development teams of 3rd party exchanges. It will take time, but slow and steady will win the race.
Quote from: Thom on January 12, 2015, 05:36:19 pmQuote from: wasthatawolf on January 12, 2015, 04:22:23 pmI wonder why Bytemaster was so confident the on-ramp would be available by the end of 2014...That's the $1,000,000 question now isn't it? That just illustrates the need to be cautious and take such statements with a grain of salt unless they are backed by factual evidence to support them. I'm beginning to learn that my optimism for BitShares progress may need to be dialed back a notch or 2. In far less than 6 months there have been some major changes and mistakes here such as with marketing. I remain optimistic but each of these cost a few points of confidence / optimism.I feel much the same way. The best metaphor I could think of that helped me to better understand the issues that have come up is to view Bitshares as a ship and the dev team as the shipbuilders. At the end of the day, you can't expect the shipbuilders to be experts at piloting the ship they're building, no matter how well it's built. For the most part, all the missteps we've seen to this point have been on the business side of things. Until Bitshares finds an experienced captain and crew (business development team), it's going to be difficult to break through and gain any sort of traction in any market.
Quote from: wasthatawolf on January 12, 2015, 04:22:23 pmI wonder why Bytemaster was so confident the on-ramp would be available by the end of 2014...That's the $1,000,000 question now isn't it? That just illustrates the need to be cautious and take such statements with a grain of salt unless they are backed by factual evidence to support them. I'm beginning to learn that my optimism for BitShares progress may need to be dialed back a notch or 2. In far less than 6 months there have been some major changes and mistakes here such as with marketing. I remain optimistic but each of these cost a few points of confidence / optimism.
I wonder why Bytemaster was so confident the on-ramp would be available by the end of 2014...
Any progress now?(Sorry for reviving old post)
Quote from: bluebit on October 05, 2014, 04:41:56 amSo if this year people will be able to purchase bitUSD directly, then how many transactions would it take for all the fees to start increasing the value of bitsharesX? Do anyone how to calculate this?It really depends on why they are buying BitUSD. If it's a means to spend it all and cash out, then the value impact is really a wash. Once BitUSD is being used for transactions, it needs to be something the recipient will hold, or change into BTSX, etc, staying in this ecosystem. One they get confident in BitUSD itself, it could become a virtual bank account, but that will take time to earn the sort of trust needed. Because once it gets converted to BTC, fiat, etc., then that added volume has not increased the value. Just look at Litecoin with all the mining and cashing out--plenty of volume, but minimal appreciation for awhile now. Regarding pre-paid debit cards, I'm not aware of the numbers on those, but I do know that $1-2 billion in gift cards go unused every year. People often tend to hold, forget, or lose pre-paid cards when small amounts are involved.
So if this year people will be able to purchase bitUSD directly, then how many transactions would it take for all the fees to start increasing the value of bitsharesX? Do anyone how to calculate this?
Quote from: yoo on October 05, 2014, 04:30:14 amcool, this year ")just 3 months left And when he wrote "this year" he was pointing on the calendar to . . . 2014, we hope!
cool, this year ")just 3 months left
Soon to be 1 step.
What is really fantastic about bitUSD though, is that it lends itself so perfectly to something like localbitcoins. It will be almost impossible to be scammed or ripped off if the seller just charges a % fee and then gives you bitUSD one for one.
This is very good. Hopefully 1 step globally, not just in the U.S.