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Messages - pendragon3

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General Discussion / Re: Why BTS is falling like this?
« on: November 20, 2014, 03:29:34 pm »
A better question to ask might be, "Why has Ripple been rising?"

Looks good overall; the slick backgrounds and simple messages really do justice to BitShares.

If I have one criticism, it's that the readability of text can be improved on many of the pages. In some cases, the text color is too close to the background colors, making the words almost invisible. In other cases, the font seems too thin and insubstantial.

Try a newer version of the Multibit wallet. Older versions of Multibit don't seem to recognize BTC addresses in that format.

General Discussion / Re: Slogan Poll
« on: November 13, 2014, 05:23:16 am »
The fifth choice is already in use for Bitcoin. Just open up a wallet on, and you'll see the slogan "My Wallet: Be Your Own Bank"...

General Discussion / Re: Slogans?
« on: November 11, 2014, 01:33:13 pm »

The New Math of Banking

General Discussion / Re: Slogans?
« on: November 11, 2014, 01:31:17 pm »


General Discussion / Re: Our Technology - For Average Joe
« on: November 10, 2014, 02:57:49 am »
I'm wondering if we can come up with something other than "blockchain". It's a secure encrypted ledger that happens to currently use the blockchain. For those not steeped in Bitcoin, or crypto-currencies in general, it may be an unimportant implementation detail of what's actually being achieved (and sold) as the integrity assurance.

I would say that the term 'blockchain' has entered the popular lexicon, and with very positive connotations. As I recall, even Goldman Sachs wrote something to the effect that bitcoin's sole contribution to banking is blockchain technology.

Bottom line: 'blockchain' is a powerful word that is rapidly spreading. Let's use it to advantage.

Many if not most people have seen or heard the term "Bitcoin", but I'd be willing to bet that 97+% of average joes would not be able to spontaneously explain what "blockchain" means. This is not to say that efforts to educate people about blockchain technology aren't important. But one must be realistic about what Average Joe does and does not know if one wants to market to him successfully.

General Discussion / Re: Our Technology - For Average Joe
« on: November 09, 2014, 06:15:43 pm »
This still seems complicated for the average joe and maybe could be presented in a simpler way.

Does the Average Joe even need to know much of the details of the technology? I'm assuming he will be introduced first to BitUSD and will learn that these are digital units that function much like USD, and they can be transferred around the world, they hold virtually the same value as USD, can be stored in a prepaid card or wallet, and on top of that can earn a yield.

At that point, most average joes won't even really care about the background technology. They may not even need to hear the word "Bitshares," as long as they believe BitUSD is sound, closely tied to USD, and does what it's supposed to do.

Then, for the more inquisitive average joe, an explanation of the technology could be given. This should focus on the features of the technology that are most important for the soundness and functioning of BitUSD. It could be presented in a Q&A format.


How do I know my BitUSD are safe?

BitUSD is backed by a supply of digital units called Bitshares. Each BitUSD is fully backed by the equivalent value in Bitshares. The value of the bitshares to BitUSD varies to ensure that BitUSD is closely tied to the value of the dollars. In fact, BiTUSD is backed at all times by at least 3x the value, etc.

How are BitUSD transactions processed?

All transactions included on a public ledger, but your privacy is maintained.
A group of 101 democratically elected Delegates around the world cryptographically sign blocks, making transactions transparent, non-forgeable, irreversible.

How do BitUSD earn interest?

From transaction fees, etc.

Is BitUSD similar to Bitcoin?

It is similar to Bitcoin in that it is based on "blockchain" technology that records transactions in a tamper-proof public ledger. But the underlying bitshares technology is different because of X, Y, Z, permitting faster, more secure, less socially wasteful transactions, etc....

The above are vast oversimplifications, but the point is that most of the bitshares technology features could be organized under three or four basic questions that the average joe might have about BitUSD.
Using the Q&A format rather than listing the features of bitshares one by one may be an effective way to touch upon the key technology features of Bitshares without overwhelming the average joe.

General Discussion / Re: Merchant Marketing Pitch
« on: November 09, 2014, 03:09:41 pm »
Near-instant payment confirmations

Confirm payments in seconds, with zero chargebacks.

(Although credit cards can be near-instant as well, they do not eliminate chargebacks. It may be worth reiterating the point that BitUSD can be near-instant to help preempt skepticism and also to distinguish BitUSD from Bitcoin and slower solutions.)

[bReduce liability[/b]

Increase customer confidence-your customers no longer need to worry about data breaches or identity theft

Eliminate minimum credit card purchase amounts

No need to set a minimum transaction size to cover credit card fees. Give your customers maximum flexibility.

General Discussion / Re: Draft Pitch for new
« on: November 09, 2014, 05:56:43 am »
On the first slide, instead of saying "the future of banking," you could say something in the imperative mood like "Welcome to the Future of Banking", or "Be your own bank." This would make the first slide more engaging to the viewer. It would also help make the grammar on slide #1 more consistent with the imperative mood that is being used on all the other slides (e.g, "Earn the best interest rates", "Choose your preferred money", and so on).

General Discussion / Re: Merchant Marketing Pitch
« on: November 09, 2014, 12:48:26 am »

Increase Profits

At just $0.02 per transaction you can increase your profit margins by several percent by eliminating credit card fees.

"Increasing profit margins by several percent" is vague. Surely it depends on the type of business?

How much on average do merchants pay in CC fees? Does it differ for small, medium, and large merchants? Some hard figures to cite to would be useful.

Also, it might be more accurate to talk about percentage point increases rather than percentage increases. Better yet, talk about eliminating 2.x% in fees from every sale.

Technical Support / Re: Wallet Not Connected despite trying all the tricks
« on: November 03, 2014, 02:45:11 am »
I noticed a similar problem in 64-bit with a wallet on one of my machines, but with a different wallet on a different machine, 64-bit seemed to be fine.

Then, when I copied the problematic Bitshares X folder in the 'roaming' folder (after making backups, of course) to the 'roaming' folder on the new machine, the problem seemed to be solved.

Perhaps this suggests that the problem is related in part to the hardware or the OS?

Technical Support / Re: Problem with covering a short position
« on: November 01, 2014, 06:20:18 pm »
Thanks, I figured out what was going on.

Technical Support / Problem with covering a short position [resolved]
« on: October 31, 2014, 04:25:35 am »
I tried paying off some BitUSD owed on a short position, and the call price went down significantly. What's going on? Pleas help!

General Discussion / Issue with covering shorts in 0.4.22
« on: October 26, 2014, 05:33:12 pm »
The gui in windows Ver 0.4.22 64-bit seems to have a problem with respect to covering operations. (I haven't tried the other versions of 0.4.22.) So, I tried partially paying off some BitUSD for a grandfathered short position. Normally, paying off some of the owed BitUSD should raise the margin call price because the short position becomes better collateralized.

However, instead of raising the call price, my transaction actually lowered the call price! Is this a known issue?

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