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Messages - oldman

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91
Anyone want a job?

Put up a website that tracks the 100% delegates: who they are, what they promised to do, what they've done and what they are doing.

Your job is to shine a light on the delegates.

I and many others will vote you in as a 100% paid delegate.

92
General Discussion / Re: Staff Meeting Notes - Monday, March 31, 2015
« on: April 02, 2015, 03:11:46 pm »
Excellent updates, look forward to the next one.

Perhaps considering copy + pasting and sending out as an informal update on the newsletter email list.

93
General Discussion / Re: BitShares - Safer than a Swiss Bank
« on: April 01, 2015, 03:36:15 am »
This is an excellent marketing line for the masses due to western media/Hollywood hype (though most investors know Swiss banks are no longer 'safe' in the sense of being private or solvent).

"Safer than a Swiss Bank" is guaranteed to get attention, grab headlines, cause controversy etc.

But Bitshares (as mentioned previously, Bitshares 1.0 or 2.0) is the real deal and is absolutely a better place to store wealth than a Swiss bank (or most any Western bank practicing fractional reserve lending).

I think it would be great to throw this out via some careful plants in interviews, forums and a few banners once 1.0 is out and the mm bots have created some depth on the books.

To those calling Stan 'delusional' and using other derogatory language - back the sweet fuck down, please. This forum is no place for ignorance.

Everyone is getting a bit edgy as the cap is dropping and the devs have stopped babysitting the community in favour of, well, developing.

We are, presumably, all adults that have completed appropriate due diligence prior to investing a dime in this project.

If so, we all know Bitshares will succeed or fail on a 3-5 year horizon, not a 3-5 day/week/month horizon.

Devs are working their assess off and laying down code like crazy.

The seed was planted, now the roots are growing. Patience.

94
Perhaps we get 1.0 out the door and see what sort of organic growth can be generated once a stable platform is in the wild.

Then if organic/grassroots marketing is still failing use the single tier referral system.

Then go multi-tier if needed.

Or a third party can build a wallet per above and have at it right now...

95
A single tier implementation is a great way to test the waters.

I think the $20 fee was perhaps just a round number - some calcs might be helpful in determining a number with an attractive ROI.

If, and I say if, the single tier program is successful and the PR is not a nightmare, a multi-tier system could be floated.

Or perhaps the single tier and 1.0/gateways gets BTS over the hump and we don't mess with it further.

Bottom line is that BTS needs marketing badly and this is a great way to leverage to the BTS tech to market itself.

96
General Discussion / Re: Not everyone is selling at a loss
« on: March 26, 2015, 08:41:49 pm »
Dilution is massively overrated by most people. Mostly irrational fear. Let's look at the numbers for a second here:

Current annualized inflation is about 1.451%. At a market cap of 16 million that amounts to ~ $232k worth of BTS each year. That's merely ~ $636 daily. (Assuming that every delegate immediately sells all BTS.)

Now let's take a look at cmc. Currently we have 24h volume of over $40k. And that is on the low side, we often have $100k+. At $40k daily volume about 1.59% of volume could be caused by delegates selling off BTS. At $100k volume just 0.636%.


I hope people stop blaming dilution and the merger for everything that isn't going according to plan.
+1

I see... 'feed them cake' logic....

Anyway at exactly 0 adoption... 800K new BTS coming to existence every day having exactly no new buyers  might be a very small percentage of some number but still remain 800K new BTS every morning ready to be dumped...

PS
I do not get to whom you think you are guys selling this crap, guys. New comers? Sure, all they need is to be fed cooked numbers....

Speaking of cooked numbers, it is more like 120k BTS per day we are talking about, not 800k.

But I guess that doesn't matter to you anyway. Just some stupid numbers, have nothing to say.

TonyK was right about the number .....
120K is just the delegate part ...
the rest is from the unlock balance from the PTS/DNS/VOTE/AGS allocation which was vest in for 2 years in a liner manner .

The delegate pay isnt a big deal.

The vesting shares are far bigger and are murdering the price.  Especially because most of it went to people who are pissed off at Bitshares, like the DNS buyers who got screwed.  Give a bunch of free shares of your crypto to the people that hate you, great strategy!  I wonder why the price is going down?

Every share sold is bought...

97
General Discussion / Re: Bitcoin about to be traded OTC
« on: March 26, 2015, 04:55:26 pm »
Yes, this is the start of the $100k run.

A new asset class opening up to trillions in hot money starved for yield/return just as the equity and bond markets are stretched to the breaking point.

At some point in the near future everything paper, and I mean everything, is going to correct sharply. Business cycle is ending and fundamentals/macro are deteriorating. Smart money started moving to cash a year ago.

Folks are going to be absolutely stunned at the rise of BTC over next two years.

And hopefully bts can outperform btc during the same time period. :D

Until today I would have responded by saying BTS will lag BTC for years because of the BTC network effect, but that BTC wealth looking for yield will be the primary driver for BTS market cap over the same period.

However, with this insanely genius idea BTS could go viral and eclipse BTC in short order:

https://bitsharestalk.org/index.php?topic=15265.0;all

Apparently implementing is technically feasible and if implemented BTS would be unstoppable.

98
Now imagine if the referral mechanism was implemented and every flyer had your QR code.

60% of the fees from every transaction made by someone brought in through your flyer are yours to keep for the next 20 years - assuming you paid the $20 fee.

How many people would be printing flyers right now?

If you haven't, read this post:

https://bitsharestalk.org/index.php?topic=15265.0;all

99
General Discussion / Re: Bitcoin about to be traded OTC
« on: March 26, 2015, 04:46:49 pm »
Yes, this is the start of the $100k run.

A new asset class opening up to trillions in hot money starved for yield/return just as the equity and bond markets are stretched to the breaking point.

At some point in the near future everything paper, and I mean everything, is going to correct sharply. Business cycle is ending and fundamentals/macro are deteriorating. Smart money started moving to cash a year ago.

Folks are going to be absolutely stunned at the rise of BTC over next two years.

100
Great ideas Max and this is in line with various ideas that have been floating around our lunch discussions. 

The primary challenge we face is that there is nothing stopping everyone from simply "referring themselves" and then using the account N levels down so they get the rebate on all of their transaction fees.   

You solve this somewhat with the $20 fee to create a participating account.   This fee would prevent all abuse from anyone generating less than $20 in transaction fees per year.  4000 transactions per year at $0.01 per transaction assuming 50% of fees go to the referrer.   

I think the $20 fee could be seen as a pyramid scheme where the bottom of the pyramid never makes their money back.     On the other hand, if you can convince just 2 people to sign up then your fee is covered.  So it seems like a low enough barrier to anyone who is passionate about the concept.   

Technically it is all possible.

 +5% +5%

Pure genius.

I would vote for implementation asap.

This would allow people to 'work' for BTS without becoming a delegate; the implications for adoption are mind boggling.

$1 fee to lock in each year of revenue claim, up to a maximum of 20 years (max fee would be $20).

Revenue split 60% to referrer and 40% to BTS shareholders.

Holy shit.

I hate to say it but this should be implemented prior to 1.0 and marketed heavily on release of 1.0.

If the devs can pull this off we could be looking at one of the fastest growing businesses in human history. BTS could go completely exponential on a global scale.

I just spent a few weeks in SE Asia; everyone seems to have a smart phone. Community networks are strong and this would spread like wildfire. BTS could provide an economic opportunity to millions.

This platform just keeps blowing my mind.


101
General Discussion / Re: Not everyone is selling at a loss
« on: March 26, 2015, 04:27:20 pm »
These folks aren't:

http://bitsharesblocks.com/delegates

Piling on... on top of dilution being on the order of 1% of the total volume, a 3% delegate is making ~$20 a month (barely enough for a VPS) and 100% delegates (who are supposed to be full-time developers) are making $700-800 a month.

So yes, when you include the time invested, they are probably also selling at a loss

Has anyone looked into outsourcing some of the bull work to freelancers in Vietnam/Phil/SE Asia?

$700/month can rent some surprising talent in those areas - opendesk etc.

Not sure if this is worth pursuing but it's a thought.

102
General Discussion / Re: Great news for our decentralized exchange?
« on: March 26, 2015, 04:42:26 am »
Yes, this is big news for the crypto world and BTS in particular. $1/BTS in 2 years...

103
This is excellent!

I'm printing and circulating through the local colleges and universities.

If each forum member printed 500 and did the same we would see a huge bump in traffic...

Maybe hold off printing large quantities for a day. There are some minor corrections that I would like to discuss with emaialtooaj before I  distribute them (just picky grammatical stuff). I have sent him a PM.

Printed some but will stop and monitor this thread. Thanks!

104
This is excellent!

I'm printing and circulating through the local colleges and universities.

If each forum member printed 500 and did the same we would see a huge bump in traffic...

105
General Discussion / Re: QORA
« on: March 25, 2015, 07:08:02 pm »
just want to say ... i'm contact with Ian Knowles (CIYAM Lead developer) and was talking with Dan N. etc about possibilites to add AT to BitShares... but 1.0 is top priority right now!

And yes i'm personally thinking BitShares + AT + ACCT = gamechanger --- but i'm not a technical guy or dev - it's just my personal feeling about!

But yes, Burst and Qora are the first coins out there with ACCT - automated cross chain trading!

Yea I also spoke with CIYAM guy in the bitcointalk thread and told them they could have delegates but they didn't really respond.. not sure if that guy was Ian though. About the QORA thing... it might be  might not be its 50%/50% up or down, id rather focus on bitshares, its 10x undervalued right now anyways.. and 10x potential on top so theres 100x gain to be had here.

In my completely unbacked and utterly biased opinion BTS should trade for $1-5/BTS when:

- Wallet/DEX are stable/reliable
- Two or three fiat gateways are up
- bitUSD/CNY/EUR/OIL/GLD/SLV books have a few million in depth.

Again, completely out of thin air but based on a fairly sound understanding of current progress on most fronts, I would guess the pop happens in the next two years.

QORA is neat, but the name sucks and neatest bits can be added to BTS...

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