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Messages - montpelerin

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1
General Discussion / Re: Internalizing the Hero
« on: July 13, 2018, 09:51:05 pm »
1. What are the costs of providing Hero price feeds?

2. If ownership by committee-account does not denote a degree of "official" status, it may be a good time to clarify that definition.

3. The Hero Project appears beneficial to the Bitshares ecosystem - are there any arguments against it?...or against the limited support of proving price feeds (assuming negligible cost)?





2
General Discussion / Re: [ANN - AMA] bitCash - Digital Money of the Future!
« on: November 28, 2015, 01:39:05 am »
Count me in if it's not too late!

 8)

The prospect of blockchain/crypto-safe USD is one of the most promising innovations that initially pulled me to bitshares.

The focus on USD-only really gives bitcash the opportunity to market it as a form of digitized dollars (more like something with the familiarity PayPal, less something with the complexity of bitcoin)
If the bitUSD peg works well and we get visited by the liquidity gods, there shouldn't be much reason for bitcash to explain the complexity of "bitUSD" - or even the term itself.

I suspect the majority of consumers will merely need to know that it is "money on a blockchain...like bitcoin - only with dollars"

Right?

Like PayPal on a blockchain?


Now the hard part:

What markets do you expect to be most likely to adopt bitcash - at least, in the primary stages?

More specifically, can you share with us the markets bitcash plans to focus on?

3
Stakeholder Proposals / Re: Stealth Transfers Worker Proposal
« on: November 20, 2015, 12:14:20 am »
At $45k dollars with other critical work needed, I remember, I'm just suggesting a different priority schedule.

Yeah, $45k does seem like a lot for basic personal safety mechanisms.

I have not and will not claim any of my balances until bitshares offers at least a minimal level of safety and security for basic users.

No voting, no tips, no etc. - I'm sure there are a lot of people like me in the same boat.

Allowing everyone to see every account balance is nothing short of dangerous carelessness.

How about we just add a little disclaimer about the possible risks assumed by high value bitshares users to our attempts to attract new users:


4
Stakeholder Proposals / Re: Stealth Transfers Worker Proposal
« on: November 20, 2015, 12:03:24 am »

5
General Discussion / Re: If you are a Brownie holder
« on: November 01, 2015, 09:33:05 pm »
I have brownies, but havent upgraded to 2.0 yet.  Waiitng on something to make the migration easier for windows wallet.

Ditto.

6
For the uninitiated:

https://bitcointalk.org/index.php?topic=12156.0

I swore the OP of that thread was the infamous rpietila, but it has since been changed to anonymous.



Huh?

7
General Discussion / Re: Initial Witness Pay & Number of Witnesses
« on: September 22, 2015, 03:01:44 am »
Then 33 is probably the next best number.  33 degrees  ;)

33

After all, it's the magic number...

Plus, we can get free marketing from Adam Curry and John C. Dvorak.


8
Crypto bear market intensifies and Bitcoin falls to 120 per coin to shake out the last of the Bulls.  Bitshares holds against btc but doesn't rise.  Bta 2.0 is a success and revolutionary for crypto, but fails to bring in buyers. Market cap oscillates between 10-20 million for the rest of the year. Global interest rates spike causing stock markets to crumble. China loses 40% and the U.S. Loses 25%. Gold and silver outperform and finish at 1400 and 27 respectively.

You don't get invited to many parties, do you... :P

9
General Discussion / Re: Pitchfork Countdown May Begin Next Week
« on: September 04, 2015, 11:04:51 pm »
Very nice and timely...

These (even if target time is missed by a week or 2) are very nice news and perfectly coinciding with my prediction for a[edit bout] 50% drop (made here
… but by now those stupid BTS should have fallen by more than 50% in CNY terms ( aren’t they BM?) (alternatively BM should have come back to his senses)…but this were the good old days, I guess and I should have been able to make my 100% gain by now.
and here
When the lead developer of the project wants the BTS price to go down* who am I to argue with him. And as I have no other means to short BTS I did the next best thing - sold [edit all my BTS] (not now but within days of the brownie points announcement) and am waiting for the price to at least cut in half to buy back.
)

In so many words...time to buy back my BTS. And for you to do the same (or even short bitUSD or whatever your risk profile calls for)...

my 2 c - buy Buy BUY  :)
When Tony says buy you buy.

 ;D

 +5%

10
General Discussion / Re: Bitshares price discussion
« on: August 31, 2015, 05:36:40 am »
Ethereum has done a better job at underpromising and overdelivering, marketing 101.  They basically have told average users to stay far, far away with the frontier release.  In hindsight, bitshares should have done the same with their first release.  Realistically, both projects are probably near the same stage of development.  Ethereum has said it would be another year before a fairly stable user version is available.  I would expect bitshares to follow the same trajectory.  In 5 years we should have stable platforms for which to conduct all things finance, but it is just unrealistic to expect it anytime soon.  Who knows, maybe 2.0 will overdeliver, but it will be hard to overcome the hype yet again.

I really think perceptions and community expectations and changes are playing a lot more into what you are saying than what was originally promised. I may be completely wrong, as I give Ethereum about 5% the amount of attention I give Bitshares, but during their fundraiser, did they claim that average users would have to stay far, far away from their first official release? What was their original promise?  What did they deliver?  How the heck is that Marketing 101? I would suggest that their developer names, personal networking and community environment has a lot more to do with the massive forgiveness I've seen regarding that release.

Again, perceptions.

I'm still confused at how anybody can consider their current release as official - I think it does show some computer programmers can live comfortably inside their own small world by managing to interpret a CLI as an official release, while the rest (the probable majority of people that actually financed the project) have no realistic way to access the network.

Aside from that, I do think your listed time frame is probably a lot more accurate for heavy hitters and investment (but I wouldn't mind it come sooner  ;) )

11
General Discussion / Re: Bitshares price discussion
« on: August 31, 2015, 05:17:47 am »
I think in amateur software yes but after you are experienced an estimate gets better.

I agree.

However, I don't think anybody here can truly be called "experienced" - this is all new stuff, and many of these achievements are completely new.

I'd expect that bytemaster's/CNX's estimates for custom plug and tweak enterprise chains will be much more accurate in the next few years as he gains more experience.

12
General Discussion / Re: Bitshares price discussion
« on: August 30, 2015, 07:00:27 pm »
Pro tip: If any software developer promises delivery in 2 months, expect 4. 8 months? Expect 16.
Add extra cushion for degree of difficulty.


I agree, but the TS dev eam shouldve maybe tried to be a bit more realistic with their announcements.  They suffer from planning fallacy pretty bad it seems. 
Ethereum managed to be only like 6 months late, but Bitshares is closer to a year late on promises now. :P

Still, it just shows you how hard what we are doing is, and how difficult it will be for anyone else to copy it and compete.

This depends on your perception, I believe.

Project coordinators dream about having software developers with the work ethic, foresight and ability to continuously re-examine the current status of their product half as good as this team has demonstrated. What you don't want is developers without ambition, because that is all you're asking for with a more "realistic" and longer estimated development time.

This is the part of the calculation that must be done on the investor end (this is also the part that newmine is using to abuse those with less experience).

As far as I am concerned, and as someone who has been around everyday since the beginning (this is not meant to be said as holier-than-thou, merely that I have been around from the original promises to today - everyday), BTSX launch + immediate repairs = delivered product. What we are seeing with 2.0 is an extra and improved build on the original which has been had for mere scraps of dilution.

Whatever promises each investing individual were most valuing and counting on are also not clear - the fact that they are not set in stone is one of the most positive aspects of Bitshares and bytemaster's leadership. Bitshares has swerved and pivoted when new information became available. This development has been a continuous evolution, if bytemaster had been so hard headed as to stick to the initial day 1 plans, it's very possible this project would be all but dead and everybody's investment would be much closer to zero.

As far as I am concerned, Ethereum has not yet launched.

Can you imagine the backlash bytemaster and team would have received merely suggesting an "official" launch without a GUI?




13
General Discussion / Re: Bitshares price discussion
« on: August 30, 2015, 05:38:55 pm »
I really don't get it...Who on earth is selling BTS at these prices? How is that even possible..
I can partially understand selling btc due to the whole confusion with XT maybe but why whould someone sell BTS now? I mean even CNX never comes out how is it possible that BTS is valued so low? We have a working platform with various bitassets and yet BTS is falling..I simply don't get this..

It really is preservation of capital.

With the stock markets dropping 5-10% in a day and bitcoin losing 30% in a few weeks, people are preserving capital and exiting the risky "investments" because fear is high.

Couple that with the complete uncertainty of Cryptonomex future alignments, aka the bank talk, and you have a recipe for stagnation. Let's also not forget about all the broken promises, failed deadlines, unusable current product and hints of grandiose things that never came to. People are rightfully skeptical and price has definitely reflected that.

There really is no mystery why.  There have been other good ideas by companies who were better run that failed too. Timing, marketing, competition are all categories that could cause failure and Bitshares whatever is failing with all three and more.

You could've just said "typical software development".

What is very unfortunate about the small holders that have been spooked by people like you (especially you) is that most of them have most probably never been involved in a software development project before and don't understand that these kind of delays are not only completely normal, but should be expected and planned for.

Pro tip: If any software developer promises delivery in 2 months, expect 4. 8 months? Expect 16.
Add extra cushion for degree of difficulty.

How many crypto decentralized exchanges had been built before Bitshares?
Yeah.

What's more interesting about Bitshares is that there actually exists a functioning client and blockchain that has been operating for over a year (with a functioning GUI  :o !!!) - and is about to release with a rewritten, more functional and streamlined version within the next 2-3 months (any somewhat experienced investor should not flinch if it were to take longer). The funny thing here is that you are probably the single most responsible one here at shaking out the weak hands (ie - making the poor, poorer and the rich, richer)

But keep at it, by all means - Mr. Numine - you have certainly helped people like me obtain far more BTS than I would have thought possible last year at this time. What you have been doing might be very good for you and the people that can easily see through you, but you are hurting those that can't - and you know what you are doing.

I just can't believe so many here let you slide with it until now.

It's one thing to take advantage of personal knowledge for personal gain - it's completely different to bait those lacking knowledge with FUD.

Monty

 ;)



14
I haven't spent much time over there during the last year, as it seemed to me that any relevant criticism was constantly being shown the door, but ---

How often are these cold truths discussed in threads near the top of /r/bitcoin?

http://www.reddit.com/r/Bitcoin/comments/3h7eei/greg_luke_adam_if_xt_takes_over_and_wins_the/cu53eq3

15
Technical Support / Re: Brownie Distribution?
« on: August 13, 2015, 04:55:28 am »
1. Currently 8,200,000
http://www.bitsharesblocks.com/asset/info?asset=BROWNIE.PTS

However:
Note brownies are subject to dilution at will and supplies can change.

2. IDK, but this is fun:
http://richlist.btsgame.org/

3. No idea, bytemaster or underwun are probably going to have to answer this one


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