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DAC PLAY / Re: Official Announcement for BitShares PLAY Allocation
« on: November 08, 2014, 01:12:01 pm »
sounds good. You have my support.
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sounds good. You have my support.122
General Discussion / Re: Merchant Marketing Pitch
« on: November 07, 2014, 09:41:08 pm »I have a feeling that many of the first merchants to adopt BitUSD will be merchants who are already accepting Bitcoin. I would mention something about the stability of BitUSD vs. the volatility of Bitcoin. i.e.; you won't have to worry about immediately converting sales in digital currency over to fiat, as BitUSD has stability.
We are assuming on/off ramps and liquidity... because that is guaranteed to come.
We are assuming 99% of merchants don't care about anything other than getting to Fiat and not being exposed to volatility... so for the purposes of the merchants we are pitching to BitUSD needs to be the mental equivalent to actual USD.
Remember... we know and care about how/why it works, merchants just care that it works and what the final result is.
With the stuff we are working on I hope to find a solution where everyone can just use BitUSD as a dollar with no conversion spread.
for everything you said above.
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General Discussion / Re: Draft Pitch for new BitShares.org
« on: November 07, 2014, 05:19:48 pm »I think we will probably say "deposits are collateralized 300%" rather than loans.
Yes, that's much better.
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General Discussion / Re: Draft Pitch for new BitShares.org
« on: November 07, 2014, 04:00:21 pm »I'm not sure, but I could see some confusion coming from the whole "loan" / "lending" terminology. I don't think that all users are aware how lending is connected to creation of USD or bitUSD. That might give some people the idea that we have something implemented like the lending DAC functionality.
When people think of "banking" they normally think: I deposit money, the bank lends money to others, and I get a cut of the interest.
More sophisticated above average "normal" people might consider whether or not a bank is holding subprime loans and over leveraged or whether it is holding high quality loans and thus solvent.
If people ask about getting a loan the answer is very clear, "we only lend against BTS" do you have any collateral? As a result the average man will say, oh I guess I cannot get a mortgage with you. Which is FINE! If you go to average bank and ask for a loan collateralized by something non-standard such as stocks, gold, silver, etc they will make it very clear.
If BitShares is working as intended then there is very little difference between BitUSD and USD other than the name of the institution that is promising to pay a USD worth of value. So for the primary value proposition we want to avoid introducing unfamiliar terms or concepts.
Bitcoin has NOTHING to do with the service provided by BitShares and thus we should not sell BitShares based on this. There will need to be a "Technology" page that describes the power of the technology and mentions bitcoin. This page would mostly be for "investors" and "very curious" individuals.
Respectfully disagree (bolded part). Most people don't think like that. They will think they can get a loan. I think your view is just as close to thinking like "most people" that you can get.
You have to dumb yourself down some more. I know it's hard...Plus it says "All Loans", not "Banking". When people think of "Loans", they think they can get a loan.125
General Discussion / Re: Draft Pitch for new BitShares.org
« on: November 07, 2014, 11:32:15 am » Looks good. Not sure about the "loan" part though. It will for sure increase the number of people that download and create an account...thinking that they can apply for a loan...but they may feel like they have been "baited and switched" unless their are plans to provide loan functionality, which would be awesome.126
General Discussion / Re: Rand Paul Coin wants to use DPoS
« on: November 06, 2014, 10:23:51 pm »Dude. Rand ain't a libertarian. He's a libertarian leaning republican. Temper your expectations, or you will be as disappointed as the anti war, pro civil liberties supporters of Obama are.
127
General Discussion / Re: Angel funds being given away by I3 - no transparency, input, or explanation?
« on: November 06, 2014, 10:01:33 pm »I never asked for anyone's time, money, or their especially their trust. My arguments stand on their own. Let's not use strawman arguments about accounting for "every dollar" that is spent. I never suggested that. I simply stated that (i) a clear disclosure of what is happening with the funds and (ii) ongoing accountability is necessary to prevent FUD. And yes, I am upset that I was asking nicely, privately and publicly, for the past couple of weeks and got no clear response. Then I saw it on the blockchain and here we are. In fact, we still don't know what the plan is for the funds (in aggregate, not dollar-for-dollar)...
I would prefer they keep it a secret. *I know, ME...the hater of ALL SECRETS!*
Why? Because sometimes we have to trust these Brilliant guys to recognize moments in time when divulging their plans could potentially clue competitors in on strategies being used. Let's remember in this space that there are many competitors who would gladly (and have gladly) taken it upon themselves to use the openness of this community and the dev team against us. I personally have become a bit impatient with watching our investment capital be burned to enable innovations just to have a competitor listen to our hangouts or read some of Dan's posts...and then copy/claim the innovation as their own. I understand your frustrations though....as at heart I am one of the people who this "secrecy" stuff seems to hit hardest--at least on most levels. Let's say I've been largely forced by reality to start evolving those opinions.
Nailed it.
Yes, me too. Even once the delegates are the only institution left in BitShares, it won't be completely run by democracy and consensus. Sure, the voters can vote out anyone they choose at any point, so that is the ultimate control. But a gigantic town hall is a wasteful way to make every single decision. I want someone to make decisive choices, not check with me about when they should eat breakfast or use the potty. I strongly favor a representative model or even a trustee model. Ask for my vote, I'll trust you to handle the responsibility and do your job for a term, you make the decisions and communicate to me regularly, and when it comes time, I'll decide if you're doing the job I elected you to do.
Yep, I consider BM the "project/DAC" manager/CEO and look to him for this decision making and management of other devs/marketing etc... taking input from, seemingly, everyone. This is all for convenience of discussion sake. Not meant to describe a legal arrangement or contract.
Can't have chaos or the impression that everyone is in charge. it will sink investor confidence.
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General Discussion / Re: Epic brainstorming session between Marketing and Dev teams.
« on: November 06, 2014, 01:27:24 am » Sounds good on all fronts. No issues here. 129
General Discussion / Re: Angel funds being given away by I3 - no transparency, input, or explanation?
« on: November 05, 2014, 10:00:21 pm »
These are good questions. I think I recall BM saying in a post somewhere that more details on this would be forthcoming. Can't find it now but that's my memory. I'm sure inquiring minds want to know.
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General Discussion / Re: Advice wanted: Pay rate for developer delegate
« on: November 05, 2014, 06:19:16 pm »
Generally agree. I think he should have to open source it through to receive any pay for work already done (although I sent him a small tip already. kudo's to me ).
Payment for work done and open-sourced seems like a good practice.
Going forward, payment for achievement of specific results. I leave it to BM and team to flesh out the details of that.
). Payment for work done and open-sourced seems like a good practice.
Going forward, payment for achievement of specific results. I leave it to BM and team to flesh out the details of that.
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General Discussion / Re: We will have only ourselves to blame...
« on: November 05, 2014, 01:31:14 am »
Just not enough curses to hurl in their direction. Just a small glimpse of the people that REALLY rule us...I sometimes wish I had taken the other pill...blissful ignorance.
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General Discussion / Re: Proposal: To Relaunch KeyID as new (third-party) BitShares DNS DAC
« on: November 01, 2014, 08:07:21 pm »
Big time, energy, resource suck if you ask me. Have fun. Hope you don't hurt too many people in the process...but I suspect you will anyway.
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General Discussion / Re: The Case for Delegates as Multi-Person Cooperatives
« on: October 31, 2014, 04:10:12 pm »There are now 2 posts with several pages devoted to my character assassination.... it is in fact quite offensive to tell someone you
As I wrote elsewhere I currently own only 10 million BTS and nothing else. I
bought in at 60 million. While this has been happening I've lost 50% of my life
savings because I bet all on BTS. That doesn't disturb me though, I knew what I
was getting into. Being publicly attacked like this, on the other hand, is
seriously not fun.
I hope you guys one day realize what you have done and how it would feel if
this was done to you. I guess it is in vain, though, you will simply dismiss
this as me being "manipulative".
don't know in person, and learn about 3 weeks ago .. to tell that he should
quit his job to work on a highly speculative and risky business while having a
family to feed!! You just CANT do that .....
I agree with this and it bothers me maybe the most. It's indicative of an irresponsible person at best and maybe pathological at worst (demonstrating a lack of concern for the consequences of one's words/actions on other people...lack of empathy...people are just objects to be manipulated to achieve one's goals).
I don't care how much many anyone has. Character counts.
But as Fuzzy said, people here are tired. I agree and will try to stick to my own recommendation for arms-length relationships.
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General Discussion / Re: This is why BTSX has fallen in market cap
« on: October 31, 2014, 01:25:22 pm »
Could be some truth in what you say but I would say a good dose of uncertainty is playing a part in this as well. Once the announced changes have taken affect, I'm hopeful that the situation will stablize before moving upwards as we go forward.
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General Discussion / Re: Top developers should temporarily be allowed more than one delegate
« on: October 30, 2014, 10:56:39 pm »
Pay them to do WHAT? Just cause they are a "top developer". Do you have a project plan? Work breakdown structure?, milestones?, roadmap? You seem to just want to "hire" people and give money to people without clearly identified objectives or measures.
