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General Discussion / Things that needs to be fixed with bitshares
« on: January 28, 2017, 01:26:15 pm »
Flaws
-not being able to do anonymous transactions including messages.
-the referral program is flawed*
-175% minimum collateral to create bitUSD is too high, 70% should be enough(initially 100%).
-bit-assets does not seam to work that well in general.
*my proposal was to allow members of the program to do free transactions until they have got back 100% of what they paid but not give members any money from transaction fees, lower the cost of membership to 5000BTS and have a referral reward of 4000BTS, you will be allowed to refer youself once you are a lifetime member(costs you 1000BTS and gives you 5000BTS reserved to transaction fees).
the biggest issue is of course lack of network effect and this will be the most difficult challenge to overcome, i do believe that a technically good coin will get more and more users with time, especially if it offers nice features such as anonynous communication.
I consider going all in, possibly even on margin but i just need to make sure i am not wrong this time. I have seen many currencies i believed in fail hard, just being innovative is not enough, peercoin failed hard.
-not being able to do anonymous transactions including messages.
-the referral program is flawed*
-175% minimum collateral to create bitUSD is too high, 70% should be enough(initially 100%).
-bit-assets does not seam to work that well in general.
*my proposal was to allow members of the program to do free transactions until they have got back 100% of what they paid but not give members any money from transaction fees, lower the cost of membership to 5000BTS and have a referral reward of 4000BTS, you will be allowed to refer youself once you are a lifetime member(costs you 1000BTS and gives you 5000BTS reserved to transaction fees).
the biggest issue is of course lack of network effect and this will be the most difficult challenge to overcome, i do believe that a technically good coin will get more and more users with time, especially if it offers nice features such as anonynous communication.
I consider going all in, possibly even on margin but i just need to make sure i am not wrong this time. I have seen many currencies i believed in fail hard, just being innovative is not enough, peercoin failed hard.
