BitShares Forum
Main => Stakeholder Proposals => Topic started by: iHashFury on March 10, 2015, 11:33:54 am
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I believe "BitShares - The Decentralized Exchange" needs to support it's roots by allowing the trading and shorting of alt coins ASAP.
The addition of alts, by their inclusion, should spread the adoption and increase use of BTS without direct specific marketing:
"Promotion by association and inclusion".
delegate.altfund will be funded by a user issued asset called ALTFUND. These will be sold for 1 BTS each until there are enough to fund the delegate. I believe this is the simplest and most cost effective way to judge support for this proposal.
"500000BTS is alot to invest for the activation of one market which should bring 1000s of new users to bitshares."
90% of the delegates income will go towards initializing BitLTC, BitXRP .... 6% will be used for VPS costs and feeds and 4% burn.
User Issued Delegate Asset:
ALTFUND
Alt Fund Delegate
1 ALTFUND = 1 BTS to directly fund a 96% delegate dedicated to initializing and marketing alt coin markets on bitshares.
User Issued Coin Assets:
Vote here https://bitsharestalk.org/index.php?topic=14847.0 (https://bitsharestalk.org/index.php?topic=14847.0)
LTC.ALTFUND
Fund BitLTC
1 LTC.ALTFUND ≈ 1BitLTC
This asset will directly fund the initializing of LTC (market issued - shortable) Litecoin market on bitshares.
XRP.ALTFUND
Fund BitXRP
1 XRP.ALTFUND ≈ 1BitXRP
This asset will directly fund the initializing of XRP (market issued - shortable) Ripple market on bitshares.
This proposal will also depend on the future help of
https://metaexchange.info/
https://blocktrades.us
http://btsbots.com/
and others to include BitLTC, BitXRP.... on their systems.
I have also made contact with alcurex.org who wishes to include bitshares assets on the exchange. Alcurex.org also has a USD bank deposit account and access to physical gold and silver. I will need help and instruction on adding bit assets to an existing exchange.
Thoughts, direction and help are more than welcome.
"Bitshares users should allow alt coins the benefit of our system by including their coins."
Apologies if this was discussed before.
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Recently I had a discussion in the german subforum about getting altcoins into BTS. This was my take on it:
Let's register 0% delegates for interesting altcoins and let their respective communities vote for their delegates ..
It's just the same as getting a new coin into cryptos .. you vote for them .. except that in BTS you can keep the stake you use for voting!!
Once a few altcoin have passed a certain* threshold we can make the devs add them 'for free' with the next hardfork
* this is the issue: what percentage of votes does an altcoin delegate need to have the devs agree on adding it to the dex?!
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Two different solutions to the same problem :
"I don't see why WE should fund that?"
That is what everyone is saying. Bitshares will benefit from:
Marketing, Users and Fees.
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With my approach you would at least see if a altcoin community WANTS to use our decentralized exchange ...
it doesn't make sense to add LTC because LTC is almost dead IMHO
it doesn't make sense to add most altcoins as they highly correlated with bitcoin
Also, BTS is a DAC .. it should be profitable .. not throughout out investors money ..
And also, with "vote for your altcoin to end up in the BitShares DEX" you can have better marketing impact .. IMHO
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I respect your and the devs' opinions but as I am not a developer, I am using the tools I have available to solve a problem.
The Devs are working in other, probably more important areas and I don't really mind if LTC, XRP or the DRK community wants added to Bitshares or not.
I want Bitshares to ultimately profit from their inclusion.
If this experiment does not work, I will refund all UIA at cost.
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to be honest, I'd rather see the Doge community "much excite, so wow" to get on Bitshares rather then us forcing a coin probably no one cares in the end.
Market it to the doge community and catch their attention. That's what I would do
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to be honest, I'd rather see the Doge community "much excite, so wow" to get on Bitshares rather then us forcing a coin probably no one cares in the end.
Market it to the doge community and catch their attention. That's what I would do
Please vote here for the first alt https://bitsharestalk.org/index.php?topic=14847.0 (https://bitsharestalk.org/index.php?topic=14847.0)
I not on a doge community forum but will look into it.
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Recently I had a discussion in the german subforum about getting altcoins into BTS. This was my take on it:
Let's register 0% delegates for interesting altcoins and let their respective communities vote for their delegates ..
It's just the same as getting a new coin into cryptos .. you vote for them .. except that in BTS you can keep the stake you use for voting!!
Agree. Will you be able to set some of these up to get the ball rolling?
It makes sense to take the coinmarketcap.com list (by market cap) and just go top to bottom.
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Recently I had a discussion in the german subforum about getting altcoins into BTS. This was my take on it:
Let's register 0% delegates for interesting altcoins and let their respective communities vote for their delegates ..
It's just the same as getting a new coin into cryptos .. you vote for them .. except that in BTS you can keep the stake you use for voting!!
Agree. Will you be able to set some of these up to get the ball rolling?
It makes sense to take the coinmarketcap.com list (by market cap) and just go top to bottom.
Should be possible ..
you have a prefered account name or sub account name?
-vote.xeroc
-altcoinvotein
-youraltinbts
something with a buzz?
- doge.traded.dex
- doge.decentralized? (taken) :(
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Recently I had a discussion in the german subforum about getting altcoins into BTS. This was my take on it:
Let's register 0% delegates for interesting altcoins and let their respective communities vote for their delegates ..
It's just the same as getting a new coin into cryptos .. you vote for them .. except that in BTS you can keep the stake you use for voting!!
Agree. Will you be able to set some of these up to get the ball rolling?
It makes sense to take the coinmarketcap.com list (by market cap) and just go top to bottom.
Should be possible ..
you have a prefered account name or sub account name?
-vote.xeroc
-altcoinvotein
-youraltinbts
something with a buzz?
- doge.traded.dex
- doge.decentralized? (taken) :(
coin.vote.fork?
litecoin.vote.fork
ripple.vote.fork
etc?
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I just registered "ized" .. for "decentral.ized" ..
how about:
doge.traded.decentral.ized?
doge.decentral.ized?
trade.doge.decentral.ized?
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I just registered "ized" .. for "decentral.ized" ..
how about:
doge.traded.decentral.ized?
doge.decentral.ized?
trade.doge.decentral.ized?
They don't really describe the purpose of the delegate tho? That's why I like vote.litecoin.fork because it describes the purpose of the delegate, the coin and the method of application.
Maybe we need a vote for the naming convention, lol!
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"fork" is already registered on the blockchain .. unless you can figure out how owns it .. these names are gone for good
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"fork" is already registered on the blockchain .. unless you can figure out how owns it .. these names are gone for good
votefork?
litecoin.votefork
doge.votefork
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ALTFUND market has been initialised and available to purchase now, if interested.
There is currently 59000 ALTFUNDS for sale to fund delegate.altfund
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"fork" is already registered on the blockchain .. unless you can figure out how owns it .. these names are gone for good
votefork?
litecoin.votefork
doge.votefork
Registered 'votefork' .. now let's figure out how much "approval" would be sufficient for devs to add a new asset to the DEX in the next hardfork ..
I started a new topic:
https://bitsharestalk.org/index.php?topic=14860.msg192380#msg192380
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FYI sub names for assets don't work like sub accounts, you can do votefork.doge and votefork.ltc but not the other way around. Also, limited to 12 char iirc, including the dot, so the .doge won't work..
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FYI sub names for assets don't work like sub accounts, you can do votefork.doge and votefork.ltc but not the other way around. Also, limited to 12 char iirc, including the dot, so the .doge won't work..
I guess we can just use symbols, votefork.ltc, votefork.xrp etc
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The names above are for delegates to be voted for ... the asset names should be called LTC, DOGE and DRK .. why would I call them differently?
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The names above are for delegates to be voted for ... the asset names should be called LTC, DOGE and DRK .. why would I call them differently?
Yea my bad, not sure why I thought they were assets :o