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Messages - yvv

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946
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 30, 2016, 08:10:08 pm »
Quote from: CoinHoarder on January 30, 2016, 04:19:54 am

This describes the issue well... that chart is certainly telling.

As mentioned up-thread, there must be a compromise somewhere in this. Although the referral program is practically worthless right now we should probably not give up on it,  and although transactions are really expensive right now we should probably not give up on offering a cheaper solution.

I really don't get why should I pay 80% of fee to ccedk just for helping to register my account, instead of paying this fee to network? Ok, ccedk helped me, let them be rewarded for this, but to pay ~$80 to them to get out of their slavery is too much. These funds should go to network, which shares I have.

947
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 30, 2016, 08:02:11 pm »
Quote from: twitter on January 30, 2016, 04:03:06 am
I would suggest to add intrest for not moving bts in your wallet instead of lower transaction fee. Low transaction fee means easier to spam . Keep in mind ,bts is a platform for assets trading not just a simple bank account

If you had all of BTS in your possession, you would run out of them in about one month, if you try to spam 1000 tps network with 1 BTS per transaction fee. Who is going to do this?

948
OpenLedger / Re: Obits Questions
« on: January 30, 2016, 07:36:15 pm »
Quote from: Akado on January 30, 2016, 07:29:26 pm
Well if you don't trust OpenLedger/CCEDK it's really simple, you don't buy OBITS

I have no single reason to trust them.  This does not mean that I will never want to gamble with their token. I perfectly understand the risk to lose my money if I ever do this. For now, I prefer to observe, how all this thing goes.


949
OpenLedger / Re: Obits Questions
« on: January 30, 2016, 07:11:36 pm »
Quote from: Akado on January 30, 2016, 04:08:45 pm
Quote from: hcf27 on January 30, 2016, 03:59:00 pm
Quote from: Akado on January 30, 2016, 03:50:37 pm
Quote from: hcf27 on January 30, 2016, 03:27:36 pm
Quote from: Akado on January 30, 2016, 02:18:18 pm
Quote from: uqaz on January 28, 2016, 12:59:00 pm
Ok, that makes sense.

Can you tell us the accumulated value in the first-and-last buy back is how many BTCs?

@uqaz

http://www.obits.io/

1347000 BTS accumulated so far. At 900 satoshis per bts (bts price on Polo atm) that gives ~12.123 BTC

What I cant seem to find on cryptofresh is how many of the orders on the DEX are from Obits account (if any)

Buy orders will only be placed on 1st of February according to Ronny

Yes but they have sell orders at the moment, right? they will probably be taken off, otherwise they will be buying their own obits

They don't. You can check here
http://cryptofresh.com/a/OBITS

There's no account mane "obits" or "ccedk" selling obits. they did in the past but took them off because of the buy back

This does not mean that they don't have sell orders. Any of those selling accounts can belong to ccedk. It is not possible to check this. Although, everything happens in open ledger, this scheme is absolutely opaque. This is a big obstacle for adoption of distributed ledgers by FIs.

950
General Discussion / Re: Radical ideas for liquidity
« on: January 29, 2016, 11:38:14 pm »
Quote from: speedy on January 29, 2016, 11:23:40 pm
The concept comes from Ripple: https://wiki.ripple.com/Autobridging

This is one of two best thing which ripple has. The other one is path finding, which means that you can have whatever asset in your wallet, and you can send payments in any other asset to receivers wallet, and the system finds the best exchange path for you.

951
General Discussion / Re: OPENPOS :: Smartcoins Point Of Sale (POS) & BitShares Wallet for Android/iPhone
« on: January 29, 2016, 11:17:45 pm »
Quote from: mf-tzo on January 29, 2016, 09:03:29 pm
@kenCode probably this has been answered already...Buying OPENPOS token is what? a donation to the project or there is a business plan whereby OpenPOS holders earn future revenue from the transactions? If there is a business plan can you elaborate more?
thanks

They promise to buy back their tokens if they will ever make any profit. It is safe to think of it as of donation. Unlike some other crowdfunding tokens, this one is worth to support, since they are doing very important things for BTS echosystem. Will this project be successful or not, we will see soon.

952
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 29, 2016, 11:08:28 pm »
Girls, don't hurt each other. Make love, no war. lol

953
General Discussion / Re: Radical ideas for liquidity
« on: January 29, 2016, 06:50:36 pm »
Quote from: kenCode on January 27, 2016, 08:28:32 pm
"Abandon all smartcoins except BitUSD to drive liquidity to it and then think about adding another smartcoin in a years time."
Definitely NOT. We don't use Dollars over here in Europe and neither does China.
 
The POS systems need AT LEAST those top 3 as liquid choices:
https://www.youtube.com/watch?v=GMECm8bqKaE&index=5&list=PLjbx3qSmDe7RYkRMIEuFyYyG7_vvKgou0
 
The free market UIA's will also become liquid as demand increases.
Just because it's slow to grow doesn't mean it's broke.

Focusing on bitUSD makes sense for establishing robust on/off ramps. This is the major obstacle for using bitshares now. Of course we will eventually need markets between major fiat currencies.

954
General Discussion / Re: Radical ideas for liquidity
« on: January 29, 2016, 06:45:09 pm »
Quote
- Abandon all smartcoins except BitUSD to drive liquidity to it and then think about adding another smartcoin in a years time.

This is already being done by bitcash.

955
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 29, 2016, 03:25:35 am »
Quote from: mint chocolate chip on January 29, 2016, 03:20:38 am
Quote from: yvv on January 29, 2016, 02:49:25 am
Quote from: mint chocolate chip on January 29, 2016, 02:20:41 am
Quote from: yvv on January 29, 2016, 01:48:28 am
Quote from: Erlich Bachman on January 29, 2016, 01:41:20 am
Quote from: yvv on January 29, 2016, 01:03:32 am
You pay 80% of LTM fee to referrer, and only 20% to network.

20% is not a bad reward for zero effort wouldn't you say?

You mean 80% for zero effort? Hell yeah, it is not bad at all for referrers. But it is bad for network. Network needs to have all transaction fees. Referrers need to be refunded for their expenses only.
"Referrers need to be refunded for their expenses only." -- You suggest a referrer should simply break even - wouldn't that give zero incentive to actively refer users? Moreover, you should consider that the cost to acquire a user involves costs for trying unsuccessfully to acquire users who do not sign-up.

If you invest in BTS, you have incentive to bring more users right away. More active users, better for BTS. If this is not enough incentive to you, then BTS is worthless. Referrers should be discouraged to create accounts which are never used. Those are spamers.
A referrer earns 0 from accounts that are created and never used, so they are naturally discouraged to not create accounts that are not used.

They have 80% of fees from accounts which are used. So, they are encouraged to create accounts randomly,  and if 5% of them are actually used, referrer has good chance to break even in short time.

956
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 29, 2016, 02:49:25 am »
Quote from: mint chocolate chip on January 29, 2016, 02:20:41 am
Quote from: yvv on January 29, 2016, 01:48:28 am
Quote from: Erlich Bachman on January 29, 2016, 01:41:20 am
Quote from: yvv on January 29, 2016, 01:03:32 am
You pay 80% of LTM fee to referrer, and only 20% to network.

20% is not a bad reward for zero effort wouldn't you say?

You mean 80% for zero effort? Hell yeah, it is not bad at all for referrers. But it is bad for network. Network needs to have all transaction fees. Referrers need to be refunded for their expenses only.
"Referrers need to be refunded for their expenses only." -- You suggest a referrer should simply break even - wouldn't that give zero incentive to actively refer users? Moreover, you should consider that the cost to acquire a user involves costs for trying unsuccessfully to acquire users who do not sign-up.

If you invest in BTS, you have incentive to bring more users right away. More active users, better for BTS. If this is not enough incentive to you, then BTS is worthless. Referrers should be discouraged to create accounts which are never used. Those are spamers. 

957
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 29, 2016, 01:48:28 am »
Quote from: Erlich Bachman on January 29, 2016, 01:41:20 am
Quote from: yvv on January 29, 2016, 01:03:32 am
You pay 80% of LTM fee to referrer, and only 20% to network.

20% is not a bad reward for zero effort wouldn't you say?

You mean 80% for zero effort? Hell yeah, it is not bad at all for referrers. But it is bad for network. Network needs to have all transaction fees. Referrers need to be refunded for their expenses only.

958
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 29, 2016, 01:45:00 am »
Quote from: jakub on January 29, 2016, 01:34:35 am
Quote from: yvv on January 29, 2016, 01:07:50 am
You just demonstrate here that referral system didn't work for you. You didn't bring active users into system, but you paid ridiculous LTM fee, 80% of which went to another referrer.
No. It just demonstrates that without liquidity and efficient gateways BitShares is hard to sell to customers despite all the effort that EstefanTT has made.
And he admits he wouldn't have made this effort, if there was no referral system incentive.

If you are against the referral system, it's up to you, yvv, to demonstrate that BitShares would have had more users, if we hadn't had the referral system.
So far none of you has been able to produce any evidence for this.

I am not against the referral system. It is great to help a new user to set up account. I am against paying 80% of fees to referrer. Fees should go to network. I should not need to pay $100 to become a referrer. I don't need no reward for referring new users, but I need a refund for account creation fee which I will pay for them. The way referral system is set up now just does not work for me. Of course, others may have different opinion on this matter.

959
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 29, 2016, 01:07:50 am »
Quote from: EstefanTT on January 29, 2016, 12:58:27 am
Check the revenue of bitsharesfcx, the few accounts we have referred at the moment gave us a couple hundreds bts.
So, one year, 3 persons working on making BitShares accessible to any french speaker. All of that work for less than 200 bts ... 0.5$
You are right ! Shame on us !!! ;p

These ridiculous few bts we gain were not taking from BitShares, they came from the users. The very same users we place in the system.

You just demonstrate here that referral system didn't work for you. You didn't bring active users into system, but you paid ridiculous LTM fee, 80% of which went to another referrer.


960
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 29, 2016, 01:03:32 am »
Quote from: Pheonike on January 29, 2016, 12:50:24 am
Quote from: yvv on January 29, 2016, 12:41:34 am
Quote from: EstefanTT on January 28, 2016, 08:26:07 pm

There is hundreds of hours of work there ! This work more the expenses didn't cost even 1 single bts to BitShares. Thanks to the referral program !

You byte 80% of fees from bitshares and claim that it does not cost it a single BTS? What a nonsense!

Anyone with LTM has prepaid for those transaction fees.  How many people do you think have recouped the cost of LTM in fees yet?? Very few if any, so the system has a surplus from LTM so far.

You pay 80% of LTM fee to referrer, and only 20% to network.

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