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Messages - carpet ride

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General Discussion / Sovereign Man
« on: October 19, 2015, 10:21:07 pm »
Has any one heard of Sovereign Man?  They have 100,000 subscribers...
I'll forward this to four guys you know who have such skills and see which one lands the 100,000 members referral fee first. 

By the way Stan.  The guys who lands Sovereign Man or little niche site with 5 customers gets the exact same $80.  Sovereign man gets 100k x $80, not the Bitshares enthusiast who landed the big fish. That is why when I designed this it was a two tier system. There is zero incentive to land big fish through this referral system. There is incentive in bitshares appreciation but that was there before.

The two tier system would definitely be great if it could be implemented well.  If I remember right, it wasn't possible to keep it from being gamed, although I'm not sure who it affected negatively. 

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Openledger / Re: os.merkabahnk.io will join OpenLedger's Network
« on: October 19, 2015, 09:28:29 pm »
+5%

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When the outside world looks at this thing, they don't even know the fee rate can be changed over time, so they're thinking, "nice, if this coin hits 3 billion market cap like Bitcoin, I get to pay $15 in fees per transaction!

had the same thought the other day  :-\

Can fees be displayed as USD? Seeing something like 5 cents has a much lower perceived value than 20 BTS.

In the US Scottrade is seen as a bargain basement trading firm at $7 per trade!! Seriously. Other houses charge $25+ USD PER TRADE!!. Let's get some perspective on what the market will bear.

To put it in context most US trading companies charge between 1500 - 5000 BTS per trade.

That's for average joes tho.... What is the Nasdaq trading fee for a company directly plugged into their APIs? It might be a few cents at most.

Makes me want to ask........who is more important to BTS... guys going through brokers or institutional traders?

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General Discussion / Re: $1 Bitshares possible?
« on: October 18, 2015, 03:10:42 am »
your math assumes a constant supply .. which BitShares clearly has not .. if the fees paid are higher than the pays for witnesses and workers, the supply will be reduced which will lead to higher market cap at same price :D

I could be wrong here ... but just to voice my thought ... shouldn't a reduction in supply move the price per share higher while market cap stays the same?

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General Discussion / High Level Chart - Graphene Market Pegged Assets
« on: October 16, 2015, 03:49:01 am »
In trying to tighten up my explanations of the tech, I realized I need mental models for a lot of it.  This chart in particular was created to capture the structures required for market pegged assets.

One question, could it be arranged better? All feedback is appreciated.


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General Discussion / Re: What gives BitShares value?
« on: October 12, 2015, 09:15:51 pm »

I started thinking about it, Bitshares isn't a stock or ownership over the company that is writing this software, right?

And it doesn't have any revenue stream associated with it. Right? The delegates are the ones who get paid, right?

I'm not saying it doesn't, I'm just trying to figure it out, what gives BitShares value?

I've been looking for an opportunity to make my first real contribution to the BitShares community, and you gave me it. Thank you.

Your question has a multi-dimensional answer so I've created a video in which to provide it:
https://youtu.be/AHUz3IwKLRQ

If you prefer a text based article version of the information please go here:
https://insightmaker.com/article/38351/What-Gives-BitShares-Value

Because it's a multi-dimensional answer, please watch the video all the way through (or read all of the article).

Very nice [emoji1]

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Three new posts on http://certainassets.com

For "Will Banks Adopt Interoperable Private Blockchains?" click this link: http://www.certainassets.com/?p=209

Or Part 4 of "The Journey to Blockchain 3.0": http://www.certainassets.com/?p=182

Or Part 3 of "The Journey to Blockchain 3.0": http://www.certainassets.com/?p=180

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General Discussion / Re: Meanwhile at Ripple
« on: October 12, 2015, 12:29:32 am »

It looks like they have written a 25 page white paper expounding upon the concept in very general terms.   


looked, but couldn't find it ... link?

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Tweeted :)

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I really like 'Certain Assets' .......it quite subtly piqued my interest and prepared my mind for making important distinctions.....

The posts are well reasoned, interesting and informative with an exciting general direction. 

One small but important criticism, check spelling and grammar to remove the occasional error.  It's worth the effort!

As to the blockchain subject, I agree that all blockchains could be DAPs but not all DAPs are blockchains, but I hope you'll discuss the importance of the rules (economics, execution, security, governance, scope etc) governing the blockchain. Without a strong consensus for the rules/constitution governing the blockchain and the means by which it adapts, the blockchain/network/DAP will have limited utility/robustness/longevity.  The blockchain and constitution are inextricably linked because that is where the trust for a trustless network lies.  I know I keep saying it, but trust is everything.

Anyway, keep going!

Wow, amazing feedback! Thank you  :D

I agree resiliency mechanisms are important for businesses and consumers alike.  I'm brainstorming titles, the first could be something like, "How to know you chose a good blockchain".  As for editing, I'll need to improve, haha. Thanks!

Yeh...ben does that from time to time :P

new post to critique on http://CertainAssets.com !  discovering MPAs in the Journey to Blockchain v3.0

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New post on http://certainassets.com .. The Journey to Blockchain 3.0, Part 1

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General Discussion / What gives BitShares value?
« on: October 08, 2015, 04:23:48 pm »
need.
If bitshares can solve some real problems, then there will be some needs and bitshare has value.

The fail of bitshares 1.0 is because it failed to solve any problem.  Let us see whether bitshares 2.0 will or not.

Um, actually...



[playing devils advocate]

I might argue that these are features.  What real world problem have/can we solve with this tech? Lower payment fees relative to debit cars?  Lower ACH costs? Lower .....?

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General Discussion / Re: NY/Philly Meetup Oct 7, 2015 6:30PM
« on: October 07, 2015, 07:40:49 pm »
bump.. 

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maybe the trick here is to empower shapeshift and metaexchange to handle ACH deposits assigned to a certain bitUSD account name.

Ahhh, intriguing.  A more platform agnostic approach, which could have serious merits... but navigating the legal labyrinth of interfacing with ACH, I can only imagine.  Care to elaborate on what you might mean by 'empower' in this instance?

Well, I imagine one of them would have to set up a different section of their site for ACH payments, that would work similarly to how their current services work, but would convert fiat from an ACH into bitUSD.

This would require customers using the service to meet KYC regulations, and setting that up would cost them money.
Perhaps a crowdfund would be necessary to motivate one of them to do this?

KYC defeats the purpose of metaexchange and shapeshift...

Maybe for those two bridges, but in general there are several purposes for bridges, not just anonymity ... Lower counter party risk when trading across asset platforms; high performance trading; trading convenience; liquidity provider

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