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Messages - sschechter

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271
General Discussion / Re: Is the marketing execution in English happening?
« on: October 09, 2014, 10:42:49 pm »
And it seems to me that in the cryptoworld, people are very ready to change : the network effect is clearly not the same as for IRL objects. You can't change your samsung into an Iphone, so once you bought it, you're fucked. It's not the same at all for cryptos. People have no reason to be faithful.

I think you are underestimating the extent to which people treat their choice of crypto as a religion.   For most bitcoiners, bitcoin is the way, the truth, and the light, and everything else is a shitcoin scam. 

Network effect and being first matters.


For this reason, I think the bitshares marketing plan to market to and onboard new people who ARENT currently interested in any crypto is an excellent one!  If they can successfully get a lot of new people who currently know nothing about crypto to look at and use bitUSD and buy BTSX, then we will be in great shape!

Here is my own theory as to why people treat bitcoin like a religion
https://bitsharestalk.org/index.php?topic=9819.msg128129#msg128129

272
General Discussion / Re: Is the marketing execution in English happening?
« on: October 09, 2014, 08:48:37 pm »
Can we get an update for the bitsapphire web wallet?  That is very significant for a lot of users.

I think cass's updated wallet design is what you're really waiting for. I have a suspicion bitsapphire won't deliver for a while.

Do you have any more info you'd be willing to share? Is it just an update of the QT client or something new altogether?

273
Paul,

A DAC is an abstract concept.  After months of deliberation, DPOS was the chosen method for implementing DACs in the most profitable way. 

You can find more info here: http://wiki.bitshares.org/index.php/Main_Page


274
General Discussion / Re: My bitsharesx educational video... please upvote
« on: October 09, 2014, 07:40:01 pm »
bitmarket,

I've got a great topic I think you should cover for your next video.  I came up with this idea this morning and was thinking of writing an article, but I think with your presence and reach, you could turn this into a better video that something I could come up with.

The article / video would be titled 'Is this why an altcoin will never conquer bitcoin?' and it would be about the legend of Satoshi himself.  Its my belief that had Satoshi not been anonymous, and was named Tom Anderson, or Gavin, or whatever, people would not be so blind to recognize Bitcoin's ultimate structural flaws.  I think that the lore of Satoshi really caters to peoples desires of believing in higher powers, superheroes, and good guys in the shadows fighting against the powers that be for the benefit of all mankind, the direct evidence being the billions of dollars being spent in Hollywood on superhero movies.  The community gets very upset whenever some attention seeking individual attempts to unmask him.

I also want to add in this point - do you remember the hacker who hacked Satoshis account and threatened to reveal his identity if the world paid him enough bitcoin?  If that hacker was really that smart, what he SHOULD have done was to buy up as much of a particular coin as possible, then impersonate Satoshi with an 'official' endorsement of said coin. Unless this hacker was broke from the start, he could have cleaned up on such an announcement - instead, he made the hack about himself rather than the money.  Then you can talk about Satoshi vanishing back into the shadows, and speculate if the Bitcoin of today is exactly as he wanted or if he is flexible enough to incorporate new ideas.  Further speculate the belief that this mythological status of Satoshi is why some can't see that just because a brilliant invention opened so many doorways, that everything that's associated with it is the pinnacle of perfection.  To some, its like finding out (SPOILER ALERT) Santa isn't real.

I think a video like this would be very controversial and would draw in a lot of viewers. Its probably not even necessary to mention BitShares.

EDIT: People don't want to know who Satoshi is because they don't want to be let down.

275

Brian, you've described bizdev activities or  "business development".  What is the marketing plan?   

Do you think Bizdev (strategic partnerships and personal relationships) and Marketing (messaging) are the same thing?

I believe this is it:

As for transparency, we are not sharing all the details of how or where we're going to get all the new users we expect to see into our system, or precisely what we are doing, for obvious reasons.  No one in the industry is doing what we are attempting to do
Thanks! B

276
General Discussion / Re: Exclusive BitShares Interview (Bitcoin Magazine)
« on: October 09, 2014, 06:28:19 pm »
 Well done +5%

277
Muse/SoundDAC / Re: BitShares Music non-technical paper. Updated.
« on: October 09, 2014, 06:19:42 pm »
cob, will the artist only be able to sell songs (mp3?) on this platform?  What about producers who want to release products like loops and sample packs?  If this can't or wont be done in PeerTracks, will there be tools available that an artist can use to cryptographically verify a users coins on their own website (ie, automatic sample clearance / misc freebies for any holder of X amount of coins)?

Also, I belong to the Propellerhead Reason members forum (for licensed users).  I plan on writing up a post on BitShares Music and PeerTracks in order to gain some feedback from our target audience.  I will share any useful feedback I get.

278
General Discussion / Re: BitNu - Funding BTSX without Inflation...
« on: October 08, 2014, 09:19:01 pm »
There's a big difference between being right, and making money.  Don't fool yourself into thinking they'll always be the same choice. Sometimes you need to pick which one you'd prefer.

279
General Discussion / Re: My bitsharesx educational video... please upvote
« on: October 08, 2014, 03:51:45 pm »
Thanks guys.   We need some more reddit upvotes if anyone has not yet voted.  Getting to 25 upvotes is the difference between front page and not.  That is the difference between 10,000 views like my last video and 1,000 views.

Click here http://www.bitsharesblocks.com/charts and scroll down to total number of accounts.  Unless there was some parrallel marketing event that I was unaware of that bump in new accounts on the 18th of September was a result of my previous video getting on the front page of reddit.

So click here and up vote on reddit if you have not already.
http://www.reddit.com/r/Bitcoin/comments/2inqi5/what_are_the_best_ways_to_hedge_bitcoin/

If you do not have a reddit account, get one.  We will need your votes for all future videos as well.

Really like this approach.  You start out explaining a problem, some different solutions and the obviously superior features of the BitShares solution follows naturally from the discussion.

Up voted on Reddit.

You are an asset to the community.  I joined Reddit for this type of purpose, and I kind of like it.  Its fun battling FUD spewing trolls.  If someone is reading this and you haven't signed up for Reddit yet, its super fast and simple and the upvotes really help.

280
General Discussion / Re: Is the marketing execution in English happening?
« on: October 08, 2014, 03:38:54 pm »
The client is currently slow and buggy with lots of UI issues and in general just gives a bad user experience. There is no mobile client, no blockchain.info style web wallet, also no easy way to create paper wallets (bitaddress.org style).

I don't think marketing should start until all these things have been created and polished.


 +5%

But knowing what I know about this team, they can't be oblivious to all these things.  Instead, I think they've got a few tricks up their sleeve.  Will the marketing push coincide with the release of the new BitSapphire wallet?

281
The ether is a term to describe where investor funds went  :P

282
Why is everyone missing that little factoid about Overstock owning the exchange?

Ie. cannot get any more centralized?

Ie. not decentralized in the slightest?

Ie. not competing with Bitshares?

OverStock Exchange isn't competing with BitShares, its competing with NASDAQ.  Their targeted demographic wants less middle men and lower fees.  Lets be honest, how many people do you know not on the internet that is afraid of NASDAQ running away with all their customers money?

283
General Discussion / Re: interest on bitUSD held
« on: October 07, 2014, 12:53:21 am »

Btw its best not to mention inactivity fees in your next video ;D It makes everyone worried and I think Bytemaster cancelled the idea anyway.

+1

I still think inactivity fees on at least BTSX are REALLY important to have for more voter involvement and thus better DPOS security. I would hate to see them not implemented. BTSX holders are shareholders and they have certain important responsibilities. If they want to be lazy they should hoard BitAssets.

Edit: Or alternatively implement BTSX dividends the way you implement BitAsset yields. That way we can deny dividends to anyone who hasn't moved their funds for more than a year. Either way we need some economic motivation for people to update their votes.


Issuing yield encourages parking of funds and forgetting about it.

A BitShares Savings Account with a 5% fee isn't much of a savings account.

A 5% annual inactive fee is insane.  Are their any real life use cases for this (not including gift cards)? If Bank of America did this we'd call them the devil.

The inactivity fee is a good idea in theory, but its not practical.  Perhaps 5 years of inactivity will trigger a 5% annual fee.  1 year is just not enough.

If you're worried someone is not updating their vote on an inactive account, make their votes expire, not their shares.

Forcing someone to vote isn't going to force them to do their research. They will likely just vote for the leaders.

284
General Discussion / Re: from client to competitor
« on: October 06, 2014, 11:04:54 pm »
Counterparty up 43% now ahead of PTS  :-\

285
No not imo. I like the general strategy here & I see the value of pegged assets for that market but there's also significant negative mainstream PR & other blowback risk - Think public perception of Bitcoin & Silk Road + other outcomes. However BitAssets are out in the wild so nothing to stop other people using and integrating them.

I see your point but lets not forget the entire Bitcoin community is behind OpenBazaar. For the time being, it doesn't have a negative stigma; quite the opposite actually. All I3 has to do is make it easy for BitUSD to be integrated into an OB merchant node. That means improving multisig and eliminating any other obstacles that may get in the way. Once that's out of the way...

a) We crowdfund the necessary development.

OR

b) An I3 dev anonymously commits the code on GitHub.

We can actually avoid all negative backlash if we frame this as "BitUSD allows OpenBazaar to attract non-drug users because they're the only people willing to put up with Bitcoins volatility". And it's true. OpenBazaar needs our product (or our competitors) if they want mainstream adoption and we need a solid showcase if WE want mainstream adoption. The good vastly outweighs the bad.

There it is.

The Headline We'd Get: Open Bazaar and BitUSD help drug dealers hedge against crypto volitility

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