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Messages - rgcrypto

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151
General Discussion / Re: The Ingenesist Project Hangout
« on: November 18, 2015, 02:11:49 am »
I'll try to be there. Really interesting indeed.

152
General Discussion / Re: Turning the page on fees - We need yield back!
« on: November 18, 2015, 02:10:45 am »
This is just the biggest marketing tool BItShares could ever have...

Agreed. Yield or referral fees; either one would drive massive business toward BitShares.

Think about the exchanges. They could announce a % of their cold wallets is going for this and earn their costumers with a % of yield per month. This would be huge.

A bitcoin exchange giving interest on bitcoin, everyone would go nuts. and it would be a transparent process since people can audit the exchange on our blockchain.
@ccedk - If you do this, I might quit my job and put all my money on ads ;-)

153
Technical Support / Re: How to check referral stats
« on: November 18, 2015, 02:03:01 am »
I guess it's not possible to check from the frontend at this time.

Thank you for the information.

You could create your own front end page and calculate the hits on your page vs how many people sign up.
What would be interesting would be to know your best referees by volume or more back-end stuff...without compromising privacy.

154
Technical Support / Re: falling in love with the wallet
« on: November 17, 2015, 08:45:16 pm »
I love the new wallet. It's great stuff. +5%

Can't wait when people will be able to create custom wallets for UIAs with a few clicks, like people do now for apps for businesses. Maybe one day...

155
General Discussion / Re: Transfer Fee Price Survey
« on: November 17, 2015, 05:41:17 pm »
It would be common sense if we targeted "everybody".

But BitShares is a product and it needs to be targeted to a selected group of people.
(Even Bitcoin needs to be targeted to a selected group of people, i.e. those who are unsatisfied with the legacy systems, which is not 100%)

Well, I'd always thought that we do target everybody. As in everybody who's using some form of online payment system, and who doesn't.

Try to run an ad targeting everybody and you'll see how costly it is.

If I go to my dad and tell him that he could use bitusd instead of cash...he wouldn't care since his bank, cash and credit cards work just fine for him. If I tell him that he could make some money trading currencies on the platform during his retirement, he might actually care about going through the process of opening an account.

So at this moment, we are not targeting everybody. The DEX first target market is traders and centralized exchanges. Once we have liquidity then businesses on top of bitshares can start targeting their own target market: POS, remittances, merchants, etc. and create products tailored to solve specific problems.

Targeting everybody is a recipe to get the cost per acquisition through the roof.

Back to transfer fees:

A $0.50     (Too expensive)
B) $0.01    (Too cheap)
C) $0.30    (Getting expensive)
D) $0.05   (Good Value)

156
Technical Support / Re: Creating and Claiming UIAs
« on: November 17, 2015, 04:01:21 am »
Hey, I am curious about what happen once one create a UIA within OpenLedger.
I see that it would cost me about 5000BTS. But once the UIA is created, is it suppose to show up directly in my wallet?
If not, how do I claim them?

Yes, it will show up in your wallet under the account which created it.


...and if it doesn't? (I went ahead and it's not there)

What did you do - the steps?  Did you encounter any problem along the way? Error messages?  Was the asset creation fee deducted from your account?

Somehow it appeared...like 1 hours or so later. hmmmm. Thank anyway!
Now I've got to figure out how to do ShareBits

157
Technical Support / Re: Creating and Claiming UIAs
« on: November 17, 2015, 02:26:10 am »
Hey, I am curious about what happen once one create a UIA within OpenLedger.
I see that it would cost me about 5000BTS. But once the UIA is created, is it suppose to show up directly in my wallet?
If not, how do I claim them?

Yes, it will show up in your wallet under the account which created it.


...and if it doesn't? (I went ahead and it's not there)

158
Technical Support / [SOLVED] Creating and Claiming UIAs
« on: November 17, 2015, 12:46:16 am »
Hey, I am curious about what happen once one create a UIA within OpenLedger.
I see that it would cost me about 5000BTS. But once the UIA is created, is it suppose to show up directly in my wallet?
If not, how do I claim them?

159
I meant how did you resolve your problem with the unknown transaction, since rescan didn't work for you.

Anyway, just to let you know, you can have more than one wallet in the same browser, just going in the settings and create a new wallet there.

Better late than never xD
Enjoy your bitshares!

Thanks!

After the "rescan 1", I did "wallet_regenerate_keys ACCOUNT-NAME 30000"   

160
Hey @xeroc , I finally got the right balance to showup in my 0.9.3c client.
But when I go to openledger to import my keys and claim my balance, it says that I have already imported those keys and don't allow me to claim my balance.

Am I in a pickle?
Create a new wallet, import the keys and claim the balance again.

How did you resolve your problem?

yep that worked. I opened a new account via Firefox and IT FINALLY WORKED! OMG, it literally took a month.

161
Hey @xeroc , I finally got the right balance to showup in my 0.9.3c client.
But when I go to openledger to import my keys and claim my balance, it says that I have already imported those keys and don't allow me to claim my balance.

Am I in a pickle?

162
I would highly suggest people to take their time and not rush this issue.

When I was working as a baker I remember that time when the price of flour almost doubled. The owner had a problem...he couldn't raise his price without losing clients. He had to reduce the weight of each piece of bread to make up the difference.

Once we lower fees, we can't go back without risking losing the users we gained at that lower price. This could mean trouble down the line if cost rises.

So please, let's not rush this issue, let's have a town-hall meeting where the community can see all sides being debated and fill the committee member slots before making such a radical decision.

your owner already have a lot of customers, he just don't want to lost it, right?

our problem is we have no users now. we need new users, this is totally different from your example.

The point is that price increase later down the road is quasi impossible for people to swallow. So if you train people to pay low fees then it's tough to convince them they should pay more down the road if it proves uneconomical and we  are losing money. So the example still stand.

Lower Fees does not necessarily equal more users too. Whenever an institution makes sweeping changes like Bitshares did, there is an inevitable "freeze" in the user base who try to wrap their mind around the new platform...some, like me, are still trying to import their funds.

163
I would highly suggest people to take their time and not rush this issue.

When I was working as a baker I remember that time when the price of flour almost doubled. The owner had a problem...he couldn't raise his price without losing clients. He had to reduce the weight of each piece of bread to make up the difference.

Once we lower fees, we can't go back without risking losing the users we gained at that lower price. This could mean trouble down the line if cost rises.

So please, let's not rush this issue, let's have a town-hall meeting where the community can see all sides being debated and fill the committee member slots before making such a radical decision.

164
General Discussion / Re: Bitshares paper trading?
« on: November 16, 2015, 02:27:12 pm »
The problem is not setting it up, as dev networks are trivial to create. The problem is demo liquidity.
They wouldn't be accurate markets as anyone could buy and sell at any amount and there's no financial incentive to make good decision.  so practice trading for accurate results would be difficult. 

IDK, maybe its not so important to reflect the market accurately, it could be geared more for using, interfacing  and getting a feel for the system.  Not necessarily training a good trader. 

Indeed and it wouldn't need all of the current bitassets or uia's. The demo could keep it to only a few pairs like BTC:USD LTC:USD GOLD:USD (showcase all pairs but not available for demo). From there someone can try and learn how to short, how to make an order, how bonds work, etc.

Someone could click on "training mode" and he can have a walkthrough of Bitshares like we see in most simulation games.

Quote
The demo network would be for a lot more than just trading also.
What else?

165
General Discussion / Re: Bitshares paper trading?
« on: November 16, 2015, 01:59:10 pm »
The problem is not setting it up, as dev networks are trivial to create. The problem is demo liquidity.

What if the market was a simulated one? Kind of like playing chess against a computer.
After all, if it's a game or a tutorial, we don't need it to be "the real thing". As long as people can get the feel of it and how each market operation function.

(I have no clue if that's possible or realistic)

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