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Messages - cylonmaker2053

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931
Stakeholder Proposals / Re: Proposal Idea: Privatisation Beyond bitAssets - ALL classes of instrument
« on: June 18, 2015, 09:22:37 pm »
Quote from: monsterer on June 18, 2015, 07:14:25 am
Quote from: starspirit on June 18, 2015, 05:35:05 am
i) more flexibility in the incentive structure, for example the possibility to take a royalty as well as just trading fees, and the ability to share fees between the designer of the asset class and promoters of various specific assets within that class (parametizations of that asset), and

ii) extending the flexibility of privatised Smartcoin design, primarily through the use of customised scripting, to generalise its application to a much more diverse range of possible structures.

ii) requires a scripting language built into the blockchain, and the complexity equals that of etherium.

I think there is a plan for smart contracts of some kind, but the details aren't available yet.

this is definitely a cool idea for future experimentation; i know i say this often, but i think the community should focus all effort on making the existing p2p asset trading platform awesome, make it such a compelling value proposition for the handful of assets currently trading, and then encourage the natural transition for these assets to be used in trade. If we get this right for even just bitUSD, then the entire network would be orders of magnitude more valuable. from there, experimentation with other value propositions / use cases for the blockchain can proceed with a big source of capital underlying the base.

932
Technical Support / Re: Why have bitAssets been renamed to SmartCoins in 2.0?!
« on: June 18, 2015, 07:23:14 pm »
I'm wary of regular name changes. Makes the brand look volatile and erodes some of the intangible equity built into the prior name. Of course, there are times for changes, so i'm not discounting it here, just urging caution.

933
Technical Support / Re: Multisig & Escrow
« on: June 18, 2015, 02:43:39 pm »
Quote from: fav on June 18, 2015, 02:27:32 pm
How about an escrow system/DAC that basically just acts as a market for paring customers with escrow service providers (not escort service providers)? Embed a reputation system for feedback and then customers can shop around using price and quality measures that make sense to them.

@fav can be the first escrow service provider, but ideally the system would attract people/businesses who could do this for a living, get really good at it, and keep adding value for clients.

openbazaar is working on something like this for their decentralized market place. would be amazing if we could achieve it faster :D
[/quote]

Awesome! Yes, this type of shadow arbitration system is inevitable esp w/blockchain tech. Great to see there are people working on it!

934
Stakeholder Proposals / Re: Argentina Team Updates
« on: June 18, 2015, 02:41:06 pm »
Quote from: delulo on June 18, 2015, 02:32:26 pm
You can make a lot of money with the referral program with such a business, see https://bitshares.org/technology/referral-rewards-program/

You may have to shares the referral rewards with the one you programmed the wallet if you don't have your own. You maybe could also use the whitelabel wallet the core devs are preparing...

Now this is really interesting; I need to learn a lot more and think about how this could be leveraged by fielding sales teams and incentivizing money changers to use bitUSD.

Does anyone who has participated in this program have any feedback they can provide? Are all fees automatically dispensed in BTS? Any issues?

935
Stakeholder Proposals / Re: Argentina Team Updates
« on: June 18, 2015, 02:34:38 pm »
Quote from: lil_jay890 on June 18, 2015, 02:28:14 pm
They are working on the "Lime" Wallet.  I'm guessing it will be released after 2.0 is released... along with Moonstone

Cool, Lime wallet could be the type of solution I need. Def need to look into it more...thx!

936
Stakeholder Proposals / Re: Argentina Team Updates
« on: June 18, 2015, 02:21:16 pm »
I'm very excited to hear about the progress in Argentina. Here in the US, you guys are used as one of the prime examples for where crypto could have its largest impact.

I'll be heading to Central America later this year and hope to set up a beta version of a remittance business, basically empowering a local team with some money, processes, and tools for accepting or dispensing crypto for cash; I'm toying with either using BTC or BTS, but think that, from a purely marketing perspective, it might be easier for locals to adopt bitUSD over BTC bc USD is so pervasive; selling a digital USD seems like an easier sell to me.

What we need is a super simple app, or device, wallet to start distributing. I don't know of any that use bitUSD, but there are plenty of ways to start using BTC; at least, they're all in English that I know of. Do you guys know of any really good Spanish language apps?

937
Technical Support / Re: a newbie questions on bitshares be gentle if dumb
« on: June 18, 2015, 02:11:15 pm »
Welcome! I'm not as tech savvy as a lot of the commenters in this forum, so i'll leave the tech question for them...

Just curious what brought you to BTS and why you think it's superior to BTC?

938
Technical Support / Re: Do's and don'ts when discussing about Bitshares 2.0
« on: June 18, 2015, 02:09:25 pm »
Quote from: fav on June 16, 2015, 06:48:12 am
Moving a thread is no censorship.
As for freedom of speech: this is a centralized forum with admins and mods - we ban spammers/bots on a daily basis here, which would cut someone's freedom of speach too.
we have to make decisions based on experience and knowledge here.

What I'm against is locking and editing posts!

allow me to add a personal note: all it takes is one or two users to light the forum on fire and get out the pitchforks. someone said that we talk more than the Golden Girls and this is perfectly true  ;)

How are forum moderators authorized? I totally agree that there needs to be moderation to keep the forum functioning; maybe some of the concerns could be alleviated by implementing a voting mechanism to bestow moderator authority? this def isn't something that needs to be immediately addressed, but maybe something to consider in the future. It'd also be good to tie a compensation scheme into the system, so that moderators earn more than warm fuzzies to reward their work. A simple idea would be to charge BTS for voting and recycle those fees back into paying moderators.

939
Technical Support / Re: Multisig & Escrow
« on: June 18, 2015, 01:58:12 pm »
Quote from: Carpet Ride on June 18, 2015, 12:35:51 pm
What if there were multiple escrow agents to one transaction? then the buyer and seller could trust the escrow system even more.  If the transaction fails, funds would be transferred to wherever the majority of escrow agents vote it should go.


Sent from my iPhone using Tapatalk

How about an escrow system/DAC that basically just acts as a market for paring customers with escrow service providers (not escort service providers)? Embed a reputation system for feedback and then customers can shop around using price and quality measures that make sense to them.

@fav can be the first escrow service provider, but ideally the system would attract people/businesses who could do this for a living, get really good at it, and keep adding value for clients.

940
General Discussion / Re: Sidechains should be a priority for bitshares.
« on: June 17, 2015, 11:47:40 pm »
Quote from: topcandle on June 17, 2015, 11:00:28 pm
Yes that's true.  But also think decentralized uber on a sidechain.  It would be application specific without the need for a scripting language

Possibilities are amazing for sure; i still think BTS is a p2p asset exchange and nailing that capability will make/break the project.

941
General Discussion / Re: Bitshares price discussion
« on: June 17, 2015, 11:41:09 pm »
Quote from: Ander on June 17, 2015, 11:08:52 pm
also consider that the BTS market cap has run up to about $20M from $8M a month ago...not a bad gain  :)

When you consider that it was in the 40-50M range to start the year it doesnt look like a gain anymore. :P
[/quote]

ha, yeah i hear ya! anchoring, though, my cyber friend...

942
General Discussion / Re: Sidechains should be a priority for bitshares.
« on: June 17, 2015, 10:55:06 pm »
Bitshares' #1 priority should always be making its p2p asset trade platform better. just nailing that one value proposition would add billions in market cap if promoted even halfway decently.

943
General Discussion / Re: Bitshares price discussion
« on: June 17, 2015, 10:51:54 pm »
Quote from: Empirical1.2 on June 17, 2015, 02:58:13 pm
Quote from: cylonmaker2053 on June 17, 2015, 01:55:35 pm
Quote from: Chuckone on June 17, 2015, 12:54:17 pm
I believe a "slow" but continuous growth is definitely more sustainable than 15-20% daily increases.

Same here...volatility shocks like this can be appealing to new adopters when they're positive, but scare way too many people away on the negative side. I'd rather see slow and steady growth, but I don't think that's in the cards for the early stages of this industry.

I believe it's the prospect of Greek capital controls, we witnessed a similar situation after Cryprus, crypto-currencies really took off.

In terms of percentage gains LTC & DGC could be the big winners,  followed by NXT & possibly PPC etc, then Bitcoin itself.

The one's that will increase but benefit the least from the Greece effect would be Ripple, BitShares, Stellar, MaidSafe and Ethereum if it's trading.

also consider that the BTS market cap has run up to about $20M from $8M a month ago...not a bad gain  :)

944
General Discussion / Re: Bitshares price discussion
« on: June 17, 2015, 10:49:37 pm »
Quote from: mf-tzo on June 17, 2015, 05:18:59 pm
I didn't believe I would say this but it appears that Greeks are waking up with crypto...Over the last week I had a lot of people start asking me about bitcoin...Same people that were ignoring me for the last 2 years..lol...

What I always believed and worked quite well for me in the past, is that when bitcoin goes up, all other explode...So if there are capital controls in Greece (which I am pretty soon will have sooner or later) and speculation about bitcoin goes mad (irrespective if Greeks are buying or not) then Bitshares and other will explode in price (irrespective if Greeks are buying or not..)

So all in all prepare yourselves for huge rises in crypto because bad things are definitely coming in Greece..And when this happens if bitcoin goes +100% rise within a week, bitshares will be +500% within the same period..The only difference will be that once all bull madness stops, hopefully bitshares 2 will be ready for mass adoption and Greeks may actually start buying biteuros...And then Bitshares will be unstopable...Don't forget that this small country has a lot of very wealthy people, shipowners etc..A couple of those buying biteur and Bitshares will overtake bitcoin.Think twice now before you dump your bitshares for peanuts...

you'd know better than most of us on here, but it does seem like a good deal of financial repression is heading your way in Greece. It'd be great to see more people protect themselves via crypto, even if it's just a transmission vehicle to get funds out of country.

945
General Discussion / Re: Bitshares price discussion
« on: June 17, 2015, 01:55:35 pm »
Quote from: Chuckone on June 17, 2015, 12:54:17 pm
I believe a "slow" but continuous growth is definitely more sustainable than 15-20% daily increases.

Same here...volatility shocks like this can be appealing to new adopters when they're positive, but scare way too many people away on the negative side. I'd rather see slow and steady growth, but I don't think that's in the cards for the early stages of this industry.

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