This will likely be an unpopular opinion, but I feel I must speak up. The way I see it, the operators are trying to cash in immediately and shift most of the risks of their businesses to those who buy their UIA. If they think their businesses will be wildly successful, then it makes little sense to me as to why they would try to sell so much equity this early in the game. Take a look at the list of cryptocurrency exchanges and notice how many of them have little to no volume. I gave the same warning to the Nxt community when they were largely investing in many UIAs immediately following the creation of their UIA exchange. I think a majority of them wish they would of taken my advice. You have been warned. I don't mean to ruffle any feathers and mean no offence to those who are selling these assets, as you guys likely do not have any bad intentions in offering these sales.
*promptly looks for an underground bunker to hide in for eternity*
This will likely be an unpopular opinion, but I feel I must speak up. The way I see it, the operators are trying to cash in immediately and shift most of the risks of their businesses to those who buy their UIA. If they think their businesses will be wildly successful, then it makes little sense to me as to why they would try to sell so much equity this early in the game. Take a look at the list of cryptocurrency exchanges and notice how many of them have little to no volume. I gave the same warning to the Nxt community when they were largely investing in many UIAs immediately following the creation of their UIA exchange. I think a majority of them wish they would of taken my advice. You have been warned. I don't mean to ruffle any feathers and mean no offence to those who are selling these assets, as you guys likely do not have any bad intentions in offering these sales.
*promptly looks for an underground bunker to hide in for eternity*
If they aren't successful neither is Bitshares. The UIAs make the decentralized exchange.
If you buy a stock thinking you'll get rich quick, think again.
It hasn't even been 3 months or 6 months, so of course volume isn't going to go up overnight.
Will it ever go up? If it doesn't then Bitshares is dead and BTS is worthless too. So the decentralized exchange is all or nothing. If they aren't successful neither is Bitshares. The UIAs make the decentralized exchange.
I would say it will take a few more months before the decentralized exchanges gain in volume. Poloniex didn't develop overnight but instead took 6 months to a year. It grew because it adopted so many altcoins, some of which you couldn't get anywhere else.
I have to give OpenLedger credit. Ronny is a publicity machine.
Meanwhile, where else in Cryptodom can you find as many freaking new potential revenue producing FBA assets to trade?
Now you don't have to launch a whole DAC, just roll your own FBAs one at a time. Priceless.
BM is now extra inspired to start cranking them out (in his spare time).
I wonder when @toast, @Rune, @BunkerChain Labs , @bitsapphire and a host of others will get in the act?
I have to give OpenLedger credit. Ronny is a publicity machine.
I think whats missing in BTS land is docs on how to go about this
Meanwhile, where else in Cryptodom can you find as many freaking new potential revenue producing FBA assets to trade?Actually .. myself, @svk, and @cass are going to "get in" the act with something very in need rather soonish :)
Now you don't have to launch a whole DAC, just roll your own FBAs one at a time. Priceless.
BM is now extra inspired to start cranking them out (in his spare time).
I wonder when @toast, @Rune, @BunkerChain Labs , @bitsapphire and a host of others will get in the act?
Meanwhile, where else in Cryptodom can you find as many freaking new potential revenue producing FBA assets to trade?Actually .. myself, @svk, and @cass are going to "get in" the act with something very in need rather soonish :)
Now you don't have to launch a whole DAC, just roll your own FBAs one at a time. Priceless.
BM is now extra inspired to start cranking them out (in his spare time).
I wonder when @toast, @Rune, @BunkerChain Labs , @bitsapphire and a host of others will get in the act?
This will likely be an unpopular opinion, but I feel I must speak up. The way I see it, the operators are trying to cash in immediately and shift most of the risks of their businesses to those who buy their UIA. If they think their businesses will be wildly successful, then it makes little sense to me as to why they would try to sell so much equity this early in the game. Take a look at the list of cryptocurrency exchanges and notice how many of them have little to no volume. I gave the same warning to the Nxt community when they were largely investing in many UIAs immediately following the creation of their UIA exchange. I think a majority of them wish they would of taken my advice. You have been warned. I don't mean to ruffle any feathers and mean no offence to those who are selling these assets, as you guys likely do not have any bad intentions in offering these sales.
*promptly looks for an underground bunker to hide in for eternity*
Meanwhile, where else in Cryptodom can you find as many freaking new potential revenue producing FBA assets to trade?Actually .. myself, @svk, and @cass are going to "get in" the act with something very in need rather soonish :)
Now you don't have to launch a whole DAC, just roll your own FBAs one at a time. Priceless.
BM is now extra inspired to start cranking them out (in his spare time).
I wonder when @toast, @Rune, @BunkerChain Labs , @bitsapphire and a host of others will get in the act?
Looking forward to it :)
Meanwhile, where else in Cryptodom can you find as many freaking new potential revenue producing FBA assets to trade?Actually .. myself, @svk, and @cass are going to "get in" the act with something very in need rather soonish :)
Now you don't have to launch a whole DAC, just roll your own FBAs one at a time. Priceless.
BM is now extra inspired to start cranking them out (in his spare time).
I wonder when @toast, @Rune, @BunkerChain Labs , @bitsapphire and a host of others will get in the act?
The Origin of BitShares
Part 9
What is a SuperDAC?(http://img.photobucket.com/albums/1003/tinkerbb/1932%20hoods/superduck.jpg)QuoteSuperDAC - noun - soup-er-dakThe need to merge our various DACs into a single "SuperDAC" was based on the realization that they all needed a whole bunch of common services that are much less effective if they aren't common services:
A Decentralized Autonomous Company (DAC) providing common services that support layering of other DAC business models onto a common public ledger for the sake of shared network effect.
- A unified basket of stable, robust global currencies (bitAssets)
- A unified set of well compensated, best-of-breed delegates.
- A unified name system.
- A unified secure messaging system.
- A unified set of on and off ramps - portals to the fiat world.
- A unified marketing message.
- A unified consensus-based governing system.
- A unified family of tools and wallets.
- A unified way for newcomers to make instant friends with everyone already there.
- A built-in venture capital system where you can compete for start-up funds - democratically.
New business developers (DAC engineers) shouldn't want to reinvent these things any more than I would want to reinvent my computer's device drivers and operating system. And what sense would it make to have different competing operating systems, each with a subset of drivers and services?Gee, I sure wish I could go back in time and invest in MS-DOS.
Rats.
An opportunity like that will never come around again.
BitShares took the whole ecosystem into one DAC friendly free-trade zone with all the services that benefit from network effect already in place.
Any developer who wants to build a business would be crazy to stay on the outside and try to replicate that. Even if they can pick up the toolkit and get all the functions - the network effect doesn't come with the toolkit! You get that by joining the club. You still run your own business with its own custom storefront and Internet presence. You just skipped a year or two of trying to get traffic to stop by!We offer instant network effect. Built in.
If I were going to summarize the opportunity for other developers, I might put it this way:QuoteCome build you business in our free trade zone mall. Join us in free space. We are the mall developers. You can be a mall tenant. We've got lots of real estate for you - all wired up with power, plumbing, internet and customers browsing the halls. Add your biological and technological distinctiveness to our own and get issued shares to match the value you have added to our free trade ecosystem. And its growing network effect.
You'd be crazy to locate your business outside the mall. Why start over?When new entrepreneurs contact us about how to leverage the BitShares Toolkit,
these are some of the considerations we often discuss.(To be continued...)
I have to give OpenLedger credit. Ronny is a publicity machine.
Meanwhile, where else in Cryptodom can you find as many freaking new potential revenue producing FBA assets to trade?
Now you don't have to launch a whole DAC, just roll your own FBAs one at a time. Priceless.
BM is now extra inspired to start cranking them out (in his spare time).
I wonder when @toast, @Rune, @BunkerChain Labs , @bitsapphire and a host of others will get in the act?
I think whats missing in BTS land is docs on how to go about this. How does one create a fee based business on BTS? What types of business could be created? How does one do this and remain regulatory compliant in the USA?
Another example is prediction markets. We are told they are possible but nobody has any idea how to create one.
Another example is custom operations were mentioned in a mumble weeks ago but that was all anyone has heard of them since. What can one build with custom operations? Give examples etc.
I have to give OpenLedger credit. Ronny is a publicity machine.
Meanwhile, where else in Cryptodom can you find as many freaking new potential revenue producing FBA assets to trade?
Now you don't have to launch a whole DAC, just roll your own FBAs one at a time. Priceless.
BM is now extra inspired to start cranking them out (in his spare time).
I wonder when @toast, @Rune, @BunkerChain Labs , @bitsapphire and a host of others will get in the act?
I think whats missing in BTS land is docs on how to go about this. How does one create a fee based business on BTS? What types of business could be created? How does one do this and remain regulatory compliant in the USA?
Another example is prediction markets. We are told they are possible but nobody has any idea how to create one.
Another example is custom operations were mentioned in a mumble weeks ago but that was all anyone has heard of them since. What can one build with custom operations? Give examples etc.
A reasonable question.
This is being invented on the fly. OnceUp has really started something.
The simple answer is, "any transaction that people are willing to pay for". Secure messaging? Smart contracts? Provably fair games? Any feature that we've previously described in the roadmap that hasn't been funded yet?
I predict you'll see proposals for most of the things you mention above. We are only limited by how many entrepreneurs get involved and how fast they can put together quality proposals.
Nothing says that a group of people who want to invest in a revenue stream can't meet up over an eBeer at Fuzzy's ePub and form a jointly funded business partnership on the back of a napkin. You don't have to wait for one of The Usual Suspects to propose something. Carpe Diem like Onceuponatime just did.
You don't need to know how to do everything yourself. Start the process with a discussion thread and see what like-minded partners you can attract.
I have to give OpenLedger credit. Ronny is a publicity machine.
Meanwhile, where else in Cryptodom can you find as many freaking new potential revenue producing FBA assets to trade?
Now you don't have to launch a whole DAC, just roll your own FBAs one at a time. Priceless.
BM is now extra inspired to start cranking them out (in his spare time).
I wonder when @toast, @Rune, @BunkerChain Labs , @bitsapphire and a host of others will get in the act?
I think whats missing in BTS land is docs on how to go about this. How does one create a fee based business on BTS? What types of business could be created? How does one do this and remain regulatory compliant in the USA?
Another example is prediction markets. We are told they are possible but nobody has any idea how to create one.
Another example is custom operations were mentioned in a mumble weeks ago but that was all anyone has heard of them since. What can one build with custom operations? Give examples etc.
A reasonable question.
This is being invented on the fly. OnceUp has really started something.
The simple answer is, "any transaction that people are willing to pay for". Secure messaging? Smart contracts? Provably fair games? Any feature that we've previously described in the roadmap that hasn't been funded yet?
I predict you'll see proposals for most of the things you mention above. We are only limited by how many entrepreneurs get involved and how fast they can put together quality proposals.
Nothing says that a group of people who want to invest in a revenue stream can't meet up over an eBeer at Fuzzy's ePub and form a jointly funded business partnership on the back of a napkin. You don't have to wait for one of The Usual Suspects to propose something. Carpe Diem like Onceuponatime just did.
You don't need to know how to do everything yourself. Start the process with a discussion thread and see what like-minded partners you can attract.
Indeed +5% to jaran for noticing this. It's been brought up before, more than a few times. WE NEED SOLID DOCUMENTATION if ideas like this are gonna ever take off. I like what bytemaster said in last weeks mumble about becoming more "developer focused", and that takes tutorials, examples, docs etc. Not every programmer has the chops to read someone else's complex code and understand it well enough to jump in and start using it without some guidance, and that typically comes from good docs. Doxygen is great to provide the raw API facts but that just describes the puzzle pieces NOT WHY they exist and HOW they can be fitted to form a picture.
Having been a programmer for decades I can tell you most that are really good at it prefer to create through coding rather than describe their creations through the lengthy and often arduous process of documentation and teaching others. There are exceptions of course.
Whenever I was exposed to a new API for a particular domain I had an interest in (like finance / crypto, machine control, communications...), I didn't get excited about it until I could see HOW that API could be used to get things done and serve as a catalyst for my creativity. I recall way way back in my early career how just looking at the instruction set of a new microprocessor could provide a better way to get things done than ever before. Or how the operating system calls available in a real-time multitasking OS would enable me to easily create state machines to control complex mechanisms.
Providing the insight about the API and code modularity is important. Describe the platform API and provide clear examples of how to use it to get things done. Add financial incentives to that and you're on your way to viral adoption by programmers.
The same concept applies to the UI. I've seen so many apps / domains that provide a plugin architecture to shape a UI / UX. If that were implemented in the web wallet and well documented you would see an explosion of different flavors of color schemes, layouts and customizations. Provide a rich and well structured API for the backend and step back and watch what others can do by combining them to realize the vision of a new app of feature.
The dev team has their hands full coding functionality. I wished I would see more signs of better team management like Bill Butler and jakub have brought to the table. I wish BM managed the project with more attention to API consistency, standardization and ease of use. I wish BM would guide efforts to completion before shifting his focus elsewhere, without first insuring a replacement could finish the job. I wish we could clone xeroc or find others with the respect of the dev team to dig out the details in the code and write up quality documentation to facilitate programmer understanding and adoption.
I see S O much potential here, I just wish all these things could be brought together faster to enable the creativity of the people in this community to do the great things I know they're capable of.
I'm just frustrated by the lack of progress on so many fronts for so long. The vision is good but the execution is a very mixed bag.
You guys have no idea about the hyper-dimensional optimization problem we are always juggling.
You guys have no idea about the hyper-dimensional optimization problem we are always juggling.
Don't you think we know when the limits of time and space prevent us from maximizing our performance along every axis?
Don't you think we hate having to make compromises along one axis to achieve a merely tolerable result along another?Well those drifters days are past me now
I've got so much more to think about
Deadlines and commitments
What to leave in, what to leave out
Against the wind
I'm still runnin' against the wind
I'm older now but still running
Against the wind
Perfect execution means limiting the size of the problem you attack to the point where you can overwhelm it with available resources. We believe that "a man's reach should exceed his grasp" and we will always byte off more than we can chew. It's what we do.
So we will always be running against the wind (https://www.youtube.com/watch?v=KiviKbxP9xM).
:)
We have an idea. It comes from experience in high tech startups and from watching others figure out how to manage their crypto projects. Everybody is trying to figure it out, some seem to have a better handle on it than others.
Mostly what I hear from you Stan is defensiveness, not openminedness or explanations for why suggestions can't or won't be considered or put into practice. Perhaps I'd have more sympathy for your plight if you provided a glimpse of the pros and cons you seem to be trapped by. Then perhaps a path out if the hyper-dimentional cognitive dissonance could be explored and plotted.
You guys have no idea about the hyper-dimensional optimization problem we are always juggling.
Don't you think we know when the limits of time and space prevent us from maximizing our performance along every axis?
Don't you think we hate having to make compromises along one axis to achieve a merely tolerable result along another?Well those drifters days are past me now
I've got so much more to think about
Deadlines and commitments
What to leave in, what to leave out
Against the wind
I'm still runnin' against the wind
I'm older now but still running
Against the wind
Perfect execution means limiting the size of the problem you attack to the point where you can overwhelm it with available resources. We believe that "a man's reach should exceed his grasp" and we will always byte off more than we can chew. It's what we do.
So we will always be running against the wind (https://www.youtube.com/watch?v=KiviKbxP9xM).
:)
We have an idea. It comes from experience in high tech startups and from watching others figure out how to manage their crypto projects. Everybody is trying to figure it out, some seem to have a better handle on it than others.
Mostly what I hear from you Stan is defensiveness, not openminedness or explanations for why suggestions can't or won't be considered or put into practice. Perhaps I'd have more sympathy for your plight if you provided a glimpse of the pros and cons you seem to be trapped by. Then perhaps a path out if the hyper-dimentional cognitive dissonance could be explored and plotted.
You guys have no idea about the hyper-dimensional optimization problem we are always juggling.
Don't you think we know when the limits of time and space prevent us from maximizing our performance along every axis?
Don't you think we hate having to make compromises along one axis to achieve a merely tolerable result along another?Well those drifters days are past me now
I've got so much more to think about
Deadlines and commitments
What to leave in, what to leave out
Against the wind
I'm still runnin' against the wind
I'm older now but still running
Against the wind
Perfect execution means limiting the size of the problem you attack to the point where you can overwhelm it with available resources. We believe that "a man's reach should exceed his grasp" and we will always byte off more than we can chew. It's what we do.
So we will always be running against the wind (https://www.youtube.com/watch?v=KiviKbxP9xM).
:)
We have an idea. It comes from experience in high tech startups and from watching others figure out how to manage their crypto projects. Everybody is trying to figure it out, some seem to have a better handle on it than others.
Mostly what I hear from you Stan is defensiveness, not openminedness or explanations for why suggestions can't or won't be considered or put into practice. Perhaps I'd have more sympathy for your plight if you provided a glimpse of the pros and cons you seem to be trapped by. Then perhaps a path out if the hyper-dimentional cognitive dissonance could be explored and plotted.
I have to give OpenLedger credit. Ronny is a publicity machine.
Meanwhile, where else in Cryptodom can you find as many freaking new potential revenue producing FBA assets to trade?
Now you don't have to launch a whole DAC, just roll your own FBAs one at a time. Priceless.
BM is now extra inspired to start cranking them out (in his spare time).
I wonder when @toast, @Rune, @BunkerChain Labs , @bitsapphire and a host of others will get in the act?
I think whats missing in BTS land is docs on how to go about this. How does one create a fee based business on BTS? What types of business could be created? How does one do this and remain regulatory compliant in the USA?
Another example is prediction markets. We are told they are possible but nobody has any idea how to create one.
Another example is custom operations were mentioned in a mumble weeks ago but that was all anyone has heard of them since. What can one build with custom operations? Give examples etc.
A reasonable question.
This is being invented on the fly. OnceUp has really started something.
The simple answer is, "any transaction that people are willing to pay for". Secure messaging? Smart contracts? Provably fair games? Any feature that we've previously described in the roadmap that hasn't been funded yet?
I predict you'll see proposals for most of the things you mention above. We are only limited by how many entrepreneurs get involved and how fast they can put together quality proposals.
Nothing says that a group of people who want to invest in a revenue stream can't meet up over an eBeer at Fuzzy's ePub and form a jointly funded business partnership on the back of a napkin. You don't have to wait for one of The Usual Suspects to propose something. Carpe Diem like Onceuponatime just did.
You don't need to know how to do everything yourself. Start the process with a discussion thread and see what like-minded partners you can attract.
Indeed +5% to jaran for noticing this. It's been brought up before, more than a few times. WE NEED SOLID DOCUMENTATION if ideas like this are gonna ever take off. I like what bytemaster said in last weeks mumble about becoming more "developer focused", and that takes tutorials, examples, docs etc. Not every programmer has the chops to read someone else's complex code and understand it well enough to jump in and start using it without some guidance, and that typically comes from good docs. Doxygen is great to provide the raw API facts but that just describes the puzzle pieces NOT WHY they exist and HOW they can be fitted to form a picture.
Having been a programmer for decades I can tell you most that are really good at it prefer to create through coding rather than describe their creations through the lengthy and often arduous process of documentation and teaching others. There are exceptions of course.
Whenever I was exposed to a new API for a particular domain I had an interest in (like finance / crypto, machine control, communications...), I didn't get excited about it until I could see HOW that API could be used to get things done and serve as a catalyst for my creativity. I recall way way back in my early career how just looking at the instruction set of a new microprocessor could provide a better way to get things done than ever before. Or how the operating system calls available in a real-time multitasking OS would enable me to easily create state machines to control complex mechanisms.
Providing the insight about the API and code modularity is important. Describe the platform API and provide clear examples of how to use it to get things done. Add financial incentives to that and you're on your way to viral adoption by programmers.
The same concept applies to the UI. I've seen so many apps / domains that provide a plugin architecture to shape a UI / UX. If that were implemented in the web wallet and well documented you would see an explosion of different flavors of color schemes, layouts and customizations. Provide a rich and well structured API for the backend and step back and watch what others can do by combining them to realize the vision of a new app of feature.
The dev team has their hands full coding functionality. I wished I would see more signs of better team management like Bill Butler and jakub have brought to the table. I wish BM managed the project with more attention to API consistency, standardization and ease of use. I wish BM would guide efforts to completion before shifting his focus elsewhere, without first insuring a replacement could finish the job. I wish we could clone xeroc or find others with the respect of the dev team to dig out the details in the code and write up quality documentation to facilitate programmer understanding and adoption.
I see S O much potential here, I just wish all these things could be brought together faster to enable the creativity of the people in this community to do the great things I know they're capable of.