BitShares Forum
Main => General Discussion => Topic started by: Overthetop on April 05, 2015, 05:00:17 am
-
Bitshares is bleeding for a long time, should not we do something ?
IMO, we should think about end dilution and try to find another way out to get the funds.
-
The dilution rate is lower than that of Bitcoin, and can actually be focused toward more useful contributions than mining. If the transition to dilution is a major factor in the market cap dropping, I think it's a result of the way the change was handled, not a response to the change itself. Thus, reversing it could just scramble things even more. If you want to get rid of dilution without further disrupting the system, I suggest running and voting for low or zero pay delegates.
-
If you want to get rid of dilution without further disrupting the system, I suggest running and voting for low or zero pay delegates.
Well said. +5% +5% +5%
-
The dilution rate is lower than that of Bitcoin, and can actually be focused toward more useful contributions than mining. If the transition to dilution is a major factor in the market cap dropping, I think it's a result of the way the change was handled, not a response to the change itself. Thus, reversing it could just scramble things even more. If you want to get rid of dilution without further disrupting the system, I suggest running and voting for low or zero pay delegates.
+1 How it was handled scared people. The network allows existing stake holders to control this and it could be ended at any time. Fact of the matter is that more dilution would do more to help than hurt at this point. Most of the developers have no need to SELL 100% of their BTS income but they should receive BTS worth a fair market value. This would create little additional sell pressure (from devs) but would create much additional motivation for devs. That said, any change would be harmful in the short term.
-
The dilution rate is lower than that of Bitcoin, and can actually be focused toward more useful contributions than mining. If the transition to dilution is a major factor in the market cap dropping, I think it's a result of the way the change was handled, not a response to the change itself. Thus, reversing it could just scramble things even more. If you want to get rid of dilution without further disrupting the system, I suggest running and voting for low or zero pay delegates.
The ecosystem of BTC do not get delegate pay from the btc blockchain and we also can see the ecosystem is growing quickly.
At present ,the dilution solution is like one big stone binding with BTS ,and make it sinking.
What should we do? just watching and waiting for something big of surprise to change the whole situation ?
-
The dilution rate is lower than that of Bitcoin, and can actually be focused toward more useful contributions than mining. If the transition to dilution is a major factor in the market cap dropping, I think it's a result of the way the change was handled, not a response to the change itself. Thus, reversing it could just scramble things even more. If you want to get rid of dilution without further disrupting the system, I suggest running and voting for low or zero pay delegates.
The ecosystem of BTC do not get delegate pay from the btc blockchain and we also can see the ecosystem is growing quickly.
At present ,the dilution solution is like one big stone binding with BTS ,and make it sinking.
What should we do? just watching and waiting for something big of surprise to change the whole situation ?
Did you own bitcoin when it went from $30 down to less than $2? I did. But I didn't sell. I bought. Later, I did sell (for over $800 per BTC) and put it all into AGS.
I believe that I made the right choices.
-
The dilution rate is lower than that of Bitcoin, and can actually be focused toward more useful contributions than mining. If the transition to dilution is a major factor in the market cap dropping, I think it's a result of the way the change was handled, not a response to the change itself. Thus, reversing it could just scramble things even more. If you want to get rid of dilution without further disrupting the system, I suggest running and voting for low or zero pay delegates.
The ecosystem of BTC do not get delegate pay from the btc blockchain and we also can see the ecosystem is growing quickly.
At present ,the dilution solution is like one big stone binding with BTS ,and make it sinking.
What should we do? just watching and waiting for something big of surprise to change the whole situation ?
so why do you think dilution is the reason of the falling price? if you calculate the created BTS it is irrelevant.
We can find multiple reasons why we are "bleeding"
1. Crypto is in a Bearmarket - so not only BitShares is losing market value
2. Many promises in the past were hot air (remember Brian Page and Bytemaster saying that On-Off-Ramps are really close?)
3. Absent of any "official" in this forum - as their conclusing they are causing this bleeding
4. For outsiders it looks like - not much happens here in BitShares, because no place organise this stuff
you can easily add more reasons.....
but the question should be "what did i do to change something?"
1. Did i spoke to someone over BitShares?
2. Did i traded internally?
3. Did i write something on the forum and be a active member of the community
etc.
the problem with "dilution" is, that anyone is thinking, that now we have X 100% paid delegates. They will do all the work and i have just to sit and watch. WRONG!!!!
-
Before the massive adoption , the shortage of BitCNY already begun .
Now www.tradebts.com is charging additional fees for buying BitCNY as a temporary solution .
Many people who want to buy BitCNY to cover their shorts still worrying ...
Also business who is looking to adopt BitCNY would be stuck at the bottleneck .
Looks like we have demand for our major product , and the supply is not enough ....
But also because of the low price and may be some endopathic mechanism, people don't have big incentive to produce more BitCNY .....
This issue need to be address more than dilution at this point .
-
As an investor , personally I would hold my bts as long as the BTS is growing.
My opinion about End Dilution is some kind of discussion about how to make the situation get improved.
Could it possible that we find some VC and make certain portion of directional add-issuance like 10% to them?
So, we could not only stop continuous and scattered dilution to the market but also get the funds from VC.
-
Did you own bitcoin when it went from $30 down to less than $2? I did. But I didn't sell. I bought. Later, I did sell (for over $800 per BTC) and put it all into AGS.
I believe that I made the right choices.
+5% I bought Bitcoin in 2011 at $20 and also held for the entirety of that bear market. I haven't gone 100% BTS but certainly have the same good feeling I had about Bitcoin back then.
-
Did you own bitcoin when it went from $30 down to less than $2? I did. But I didn't sell. I bought. Later, I did sell (for over $800 per BTC) and put it all into AGS.
I believe that I made the right choices.
+5% I bought Bitcoin in 2011 at $20 and also held for the entirety of that bear market. I haven't gone 100% BTS but certainly have the same good feeling I had about Bitcoin back then.
We will say "I bought BTS under $0.01 and never sold in bear market" when BTS is at $1 8)
-
The dilution rate is lower than that of Bitcoin, and can actually be focused toward more useful contributions than mining. If the transition to dilution is a major factor in the market cap dropping, I think it's a result of the way the change was handled, not a response to the change itself. Thus, reversing it could just scramble things even more. If you want to get rid of dilution without further disrupting the system, I suggest running and voting for low or zero pay delegates.
The ecosystem of BTC do not get delegate pay from the btc blockchain and we also can see the ecosystem is growing quickly.
At present ,the dilution solution is like one big stone binding with BTS ,and make it sinking.
What should we do? just watching and waiting for something big of surprise to change the whole situation ?
so why do you think dilution is the reason of the falling price? if you calculate the created BTS it is irrelevant.
We can find multiple reasons why we are "bleeding"
1. Crypto is in a Bearmarket - so not only BitShares is losing market value
2. Many promises in the past were hot air (remember Brian Page and Bytemaster saying that On-Off-Ramps are really close?)
3. Absent of any "official" in this forum - as their conclusing they are causing this bleeding
4. For outsiders it looks like - not much happens here in BitShares, because no place organise this stuff
you can easily add more reasons.....
but the question should be "what did i do to change something?"
1. Did i spoke to someone over BitShares?
2. Did i traded internally?
3. Did i write something on the forum and be a active member of the community
etc.
the problem with "dilution" is, that anyone is thinking, that now we have X 100% paid delegates. They will do all the work and i have just to sit and watch. WRONG!!!!
Well said ...
but in contrast to btc .. where people HAVE to volumteer we can give people something back to them ..
-
I have to believe that eventually things will turn around, especially if we keep innovating and getting better. The market should gravitate to the best solution. As long as BM and the devs keep innovating we win.
My 2 cents.
-
Bts lacke some killer apps. Btser hold bts beceause they like bts to have something unsual btter than btc. But bts has lost these for the last year, and whole decision hurt the btser belives. Will these will be changed for bter dirctions will decid the whole bts's living or death.
-
What's sad is that the marketing department is dead again (at the exception of Max)... we have to find new users
-
What's sad is that the marketing department is dead again (at the exception of Max)... we have to find new users
Are you kidding me? Did you even read the last NullStreet update? Did you even see the trifolder handout that was put out just last week?
-
What's sad is that the marketing department is dead again (at the exception of Max)... we have to find new users
Are you kidding me? Did you even read the last NullStreet update? Did you even see the trifolder handout that was put out just last week?
Probably not kidding. If you want to get new users, you have to do more than a trifold handout! That handout had zero impact on me and I expect most others. Sure it's useful but it's trivial. Sometimes it isn't about working hard but working smart. Go where the money is and make sure they know what is unique about BitShares.
If you want to get new users, you need focus that others can leverage. Let other people do the work for you.. because they want to and because you've made it easy for them to pass the message on. One place that hammers home the *unique* points about BitShares.. plaster that over the top of the forum, so there is no doubt. More of the same detail, people do not need. Keep pushing that single source of information, until it is ubiquitous.. until everyone is bored to death with it. Currently BitShares appears too complex and there are too many directions to push in.
Make buying bitUSD snappy and default in the clients, expecting that people will want that about everything else... or look to leveraging the DEX and make that the single point.. push for people to burn their LTC into BTS instead.
Community matters.. pay attention to reddit/r/bitshares and beyond.
Frankly I think the mistake could be that there's too much focus on the price, at a time when the price should not matter. Get the product working and the client fast and snappy, then sell it hard and wonder about how the price is rising.
Ye olde blitzkrieg tactic works in marketing too.. all push one point hard and the effect is more than otherwise possible. Imagine if we all spent a week in Bitcointalk instead of navel gazing.. I expect there are better ideas than that too.
-
Dilution + The Merger is releasing up to 800 000 BTS per day onto the market. Looking at the buy walls on BTC38, it’s possible that could be having some impact on the price.
My personal view is the following…
When viewed purely as a form of money, BTSX was the strongest on the market, even if you didn’t understand BitAssets. Despite the sometimes abrasive personalities of key actors, it was very easy to develop network effect and build a supportive community because it was very hard to argue that any other offering was superior. (No inflation, profitable, best blockchain, most effective decentralisation, money in the bank to get to 1.0 and the best developers.) As a result a lot of our popularity, growth and valuation was derived purely from the fact that we could be a crypto-currency that challenges Bitcoin.
The new BTS has variable dilution decided by shareholders and an expensive merger to pay for. ‘Decided by shareholders’ is great for a company but never popular as a form of money. As a result we’ve lost a lot of our popularity, growth and BTC Challenger (As a widely adopted money) value. You can view BTS as a money, just the nature of DPOS, variable dilution and the merger to pay for make it one of the weakest on the market from that perspective. The new BTS is now viewed as a crypto-company exactly as Stan recently described.
BitShares is a profitable company that produces smart-currencies as its products. Products that are better in every way with none of the drawbacks you mention. There is no inflation in BitAssets at all (relative to their underlying peg) and the underlying BTS can produce those stable currency products whether is gaining or falling in value. BTS is not intended to be a currency itself, so a tiny amount of dilution has zero affect on the value proposition of its smart currency products.
This new company BTS is valued very much the same way a BitReserve would be valued & you can see they’re solely interested in their BitAsset growth and metrics. https://changemoney.org
If you track our BitAsset growth month over month there is very little. So our valuation is fair considering our product is not selling.
So BTS is in a position where it will trend to zero if the product doesn’t sell whereas as crypto-currencies have values independent of that and they can choose to add a BitAsset this year if they wish.
Also people didn’t like the way the merger was handled. Personally I feel ‘Vote’ was presented as a threat because it was more competitive. But I never felt it was more competitive, the market valued it at <$1 Million at snapshot time, the product was not popular and there was no secret sauce. It was only a threat because the lead BTSX developer and largest shareholder was keen to work & spend money on it and add a competing BitAsset before BTSX was at 1.0 stage, which would have crippled BTSX. A low value DAC using dilution to pay bills was no threat to BTSX imo and BTSX was already earning a comparable amount in fees that BTS is currently accessing through dilution. (But the dilution is more expensive as it represents a bigger % of the CAP than fees at a higher valuation did.) There were no easy answers though.
Ideas
- Wait for moonstone, 1.0, CryptoSmith and other upcoming developments to see if they can reverse the adoption trend.
- Liquidity - consider all possible options for ways to add liquidity even using the DAC as the market maker in a limited capacity if the downtrend continues.
- Give people something to do with BitAssets. Music/Gaming/Gambling/DNS auctions or even a prediction market might be worth a shot too.
Other:
World Events - Banks confiscations and charges on bank deposits are becoming more and more widespread, there are still no decentralized BitAsset competitors on the market, so the world may give you an opportunity that makes BitAssets worth the risk to more people.
If all else fails, consider raising funds for a no inflation crypto-currency that also honours BTS.
-
BTS can still become a currency, it just needs to soak up the world's value through bitassets first.
Sent from my iPhone using Tapatalk
-
What's sad is that the marketing department is dead again (at the exception of Max)... we have to find new users
Are you kidding me? Did you even read the last NullStreet update? Did you even see the trifolder handout that was put out just last week?
Probably not kidding. If you want to get new users, you have to do more than a trifold handout! That handout had zero impact on me and I expect most others. Sure it's useful but it's trivial. Sometimes it isn't about working hard but working smart. Go where the money is and make sure they know what is unique about BitShares.
If you want to get new users, you need focus that others can leverage. Let other people do the work for you.. because they want to and because you've made it easy for them to pass the message on. One place that hammers home the *unique* points about BitShares.. plaster that over the top of the forum, so there is no doubt. More of the same detail, people do not need. Keep pushing that single source of information, until it is ubiquitous.. until everyone is bored to death with it. Currently BitShares appears too complex and there are too many directions to push in.
Make buying bitUSD snappy and default in the clients, expecting that people will want that about everything else... or look to leveraging the DEX and make that the single point.. push for people to burn their LTC into BTS instead.
Community matters.. pay attention to reddit/r/bitshares and beyond.
Frankly I think the mistake could be that there's too much focus on the price, at a time when the price should not matter. Get the product working and the client fast and snappy, then sell it hard and wonder about how the price is rising.
Ye olde blitzkrieg tactic works in marketing too.. all push one point hard and the effect is more than otherwise possible. Imagine if we all spent a week in Bitcointalk instead of navel gazing.. I expect there are better ideas than that too.
+5% Very nicely put.
-
BTS is a decentralized trade system, but is the most centralized digital coin.
the price is totally controlled by BTC38, this is the biggest problem.
to resolved this, we need more fiat gateway, and more trade site.
-
BTS is a decentralized trade system, but is the most centralized digital coin.
the price is totally controlled by BTC38, this is the biggest problem.
to resolved this, we need more fiat gateway, and more trade site.
Getting BTS on other exchanges would also help with this but it's my understanding that they're waiting for 1.0 so they don't have to do continuous updates.. is that true?
Sent from my iPhone using Tapatalk
-
What's sad is that the marketing department is dead again (at the exception of Max)... we have to find new users
Are you kidding me? Did you even read the last NullStreet update? Did you even see the trifolder handout that was put out just last week?
Shame on him for not seeing your marketing efforts.
That's your problem.
-
Holy shit.... now i understand the whole disaster....
800k BTS every day? This price drop won't stop anytime soon and 1k prices are soon to be expected. All those theories about solving the problem are illusional.
-
What's sad is that the marketing department is dead again (at the exception of Max)... we have to find new users
Are you kidding me? Did you even read the last NullStreet update? Did you even see the trifolder handout that was put out just last week?
Probably not kidding. If you want to get new users, you have to do more than a trifold handout! That handout had zero impact on me and I expect most others. Sure it's useful but it's trivial. Sometimes it isn't about working hard but working smart. Go where the money is and make sure they know what is unique about BitShares.
If you want to get new users, you need focus that others can leverage. Let other people do the work for you.. because they want to and because you've made it easy for them to pass the message on. One place that hammers home the *unique* points about BitShares.. plaster that over the top of the forum, so there is no doubt. More of the same detail, people do not need. Keep pushing that single source of information, until it is ubiquitous.. until everyone is bored to death with it. Currently BitShares appears too complex and there are too many directions to push in.
Make buying bitUSD snappy and default in the clients, expecting that people will want that about everything else... or look to leveraging the DEX and make that the single point.. push for people to burn their LTC into BTS instead.
Community matters.. pay attention to reddit/r/bitshares and beyond.
Frankly I think the mistake could be that there's too much focus on the price, at a time when the price should not matter. Get the product working and the client fast and snappy, then sell it hard and wonder about how the price is rising.
Ye olde blitzkrieg tactic works in marketing too.. all push one point hard and the effect is more than otherwise possible. Imagine if we all spent a week in Bitcointalk instead of navel gazing.. I expect there are better ideas than that too.
Price totally matters. The core feature, the Assets, rely on price for their creation. Nobody is going to create bitUSD, aka short it into existence if they are going to lose money to do it. Then they are forced to cover within 30 days even if their long term outlook is bullish on BTS.
The system is setup for a slow death. Alienating the people who want to create assets does not help the livelihood of BTS.
-
Holy shit.... now i understand the whole disaster....
800k BTS every day? This price drop won't stop anytime soon and 1k prices are soon to be expected. All those theories about solving the problem are illusional.
Yeah, I believe it's around 800k
Does anyone know how much of the merger allocation is being claimed on average?
There's up to 650k merger BTS being released a day in addition to the up to 100k via delegate dilution which is a significant amount relative to the average BTS buy walls which could be having an impact on BTS sustaining it's price at this stage. http://www.btc38.com/trade_en.html?btc38_trade_coin_name=bts
129,427.20 currant daily new BTS from delegates
694,444.44 daily from superDAC merger
823,871.64 total New BTS daily
How much is claimed daily is not so significant as they can be claimed the next day and the next... so the safe assumption is "upto 823K BTS must be bought on average, each and every day...for the next about 20mo."
[edit] I think buying about 1/3 of the above amount (on average) is what we need to keep the price from going down.
But only some people are selling their merger allocation, so it's a lot less than 800k everyday but probably still enough to have an impact.
-
oh！My God，I want to kill my dog，Long without food.Because of the investment BTS
-
合并出的新BTS，持有者都是有成本的，根本不算增发。
你们想多了
要救BTS就想办法做更多法币通道，培养更多交易平台，不要让BTC38一家独大
-
Price totally matters. The core feature, the Assets, rely on price for their creation. Nobody is going to create bitUSD, aka short it into existence if they are going to lose money to do it. Then they are forced to cover within 30 days even if their long term outlook is bullish on BTS.
The system is setup for a slow death. Alienating the people who want to create assets does not help the livelihood of BTS.
Partially true and I agree downward BTS pressure makes people less likely to want to short assets into existence. However, for every seller there is a buyer and you could always buy your own short if it's just the asset without the exposure you were after.
-
oh！My God，I want to kill my dog，Long without food.Because of the investment BTS
In CryptoCoin News today a Chinese investor was arrested for killing and eating his dog. He told the police he had no choice. He had to do it because he lost everything investing in Bitshares.
-
oh！My God，I want to kill my dog，Long without food.Because of the investment BTS
In CryptoCoin News today a Chinese investor was arrested for killing and eating his dog. He told the police he had no choice. He had to do it because he lost everything investing in Bitshares.
BitDogfood :) +5%
My Dog already loves it.
-
oh！My God，I want to kill my dog，Long without food.Because of the investment BTS
In CryptoCoin News today a Chinese investor was arrested for killing and eating his dog. He told the police he had no choice. He had to do it because he lost everything investing in Bitshares.
it is joke not ture
-
brb shorting bitUSD
Sent from my iPhone using Tapatalk
-
oh！My God，I want to kill my dog，Long without food.Because of the investment BTS
In CryptoCoin News today a Chinese investor was arrested for killing and eating his dog. He told the police he had no choice. He had to do it because he lost everything investing in Bitshares.
A total of 5 dog，Kill 3，Now down to 2.，But I have no more money to buy food。Because of the investment BTS，I don't have anything.
-
I love my dog very much，But nothing to eat, I only do it
-
I love my dog very much，But nothing to eat, I only do it
I think the price drop's starting to mess with our heads. Hahaha. Probably means it's a good time to be buying.
-
how many bts will there be in total? and why is it a good thing having an emission rate of almost 1mio coins?
-
how many bts will there be in total? and why is it a good thing having an emission rate of almost 1mio coins?
Absolute max is 3.6billion but likely a lot less as is determined on the number of 100% paid delegates and the amount getting burned from fees etc.
You can buy a million coins for under $6000 at todays marketcap (that's a whooping 0.04% of all Bitshares currently in existence - to give it some element of comparison that's like owning 5600 Bitcoins today).
-
where can i find news about upcoming projects for this coin?
can anyone summarize the projects in the works and where they see this coin by Summer's end?
thanks
-
where can i find news about upcoming projects for this coin?
can anyone summarize the projects in the works and where they see this coin by Summer's end?
thanks
What do you mean, "coin"?
Sent from my iPhone using Tapatalk
-
where can i find news about upcoming projects for this coin?
can anyone summarize the projects in the works and where they see this coin by Summer's end?
thanks
What do you mean, "coin"?
Sent from my iPhone using Tapatalk
sorry, i'm new if you couldn't tell by my 8 posts. substitute "share" for coin
-
where can i find news about upcoming projects for this coin?
can anyone summarize the projects in the works and where they see this coin by Summer's end?
thanks
What do you mean, "coin"?
Sent from my iPhone using Tapatalk
sorry, i'm new if you couldn't tell by my 8 posts. substitute "share" for coin
https://bitsharestalk.org/index.php?topic=14862.msg199231#msg199231
and
https://bitsharestalk.org/index.php?topic=14282.0
there are so many projects that are being worked on it's hard to keep track of them all.
-
oh！My God，I want to kill my dog，Long without food.Because of the investment BTS
(http://i60.tinypic.com/n396q1.jpg)
-
https://bitsharestalk.org/index.php?topic=14862.msg199231#msg199231
and
https://bitsharestalk.org/index.php?topic=14282.0
there are so many projects that are being worked on it's hard to keep track of them all.
Surprised that #Bitshares2k15 isn't a sticky thread. +5%
-
Dilution is not driving the recent price movement.
The lack of dev hype has caused the speculative crowd to divest for more shiny, exciting ventures.
Devs have completed the funding and discovery phases and are now in the implementation phase.
This is all part of the natural cycle of a startup - the difference is that BTS has become publicly traded waaaay before any traditional startup even thinks about an IPO.
Platforms like Snapchart, Whatsapp, Facebook etc. all get funding, do discovery, implement, release, revise and then... maybe... go IPO.
Crypto is a whole different world.
Investors need to understand they have invested in pre-release beta software that is right now being hammered into a release candidate.
How much is beta software worth minus all the hype?
Less than beta software with all the hype.
The recent and ongoing share price decline is normal and expected.
I follow this project closely and am more excited than ever at the prospects.
Risk to return is decreasing by the day and I feel the ROI for early investors is going to be staggering.
Do your due diligence, decide whether you believe in the core tech and core devs, and then dollar cost average into your stake.
-
What the OldMan suggests is true enough but there is a slight difference where the devs and core team make claims about the price (pre-xmas) and where there is marketing in place talking MLM etc, as if the product is ready to be sold hard. Perhaps v1.0 will be everything we need.. I don't know, if it's robust enough to manage volume as slow as it updates atm for example but in time no doubt it's looking good.
I've suggested for a while to get the product polished before hyping it.. perhaps we're close to a real v1.0 but build that up. If you also watch others, note the difference of approach by MaidSafe and CounterParty etc.. their community managers actively try not to pump the price and dampen speculation at this point, just quietly progress, until others can't help but notice and then there'll be such a strong buy side to the market that everything will rise. The whole cryptocurrency volume is down atm, I expect still waiting for legislation and then business investment - and that could take another year.
If we really are at a stage of PR/Marketing, it seems that the message could be made clearer. Mission statement; Vision statement; single point of reference for what is unique; engage beyond this forum and the usual alt places. Early investors perhaps are tapped out now, given the variety of alternates there are currently, so we need to look further for more early investors.. until there is a product that pre-mainstream and business investors can engage happily with.
Chi va piano, va sano e lontano = He who goes slowly, goes safely and far! 8)
-
What we need is an online web conference (with visuals, like a remote desktop session), every 6 months, that demonstrates the latest wallet. Shows progress on current development.
Introduces new team members, a Q&A period etc.
It's slightly different than a mumble session for these reasons:
a) It's not just audio based
b) It's an I3 promoted event
c) Since it only happens 1 every 6 months, it can be ideal for targeting developmental deadlines for "announcing" during those web conferences
It's like running our own web expo every 6 months to spawn interest with current investors and future investors.
While I write this, I have BTS. But I've never done any Asset Trades (I don't know how, and I don't know if the wallet is bug free enough to even try)
But if I sat on a web conference and watched some howto's, with video, I might feel more comfortable using my BTS for Asset buys/sells, or buying more BTS.
If I had a friend I wanted to get involved in BTS, I'd invite them to participate in that next web conference too. Media people could be part of it
It would have a more professional feel, some planning for the event, some prepared agendas, etc. A real formal thing.
I think the fuzzy mumble sessions are great informally. But web conferences (formal) is needed badly here.