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Messages - edilliam

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At the bottom: "Tags: BitShares oligarchy smartchain"

 ::)

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Muse/SoundDAC / Re: BitShares Music and/or NOTE logo. Any ideas?
« on: June 17, 2015, 08:01:50 am »
Yay, this thread is back from the dead. I assumed months ago there wasn't any further interest in NOTE designs or that it would be done instead by someone on the MUSIC team. If you guys need any of my source files or if you want me to expand on any of my previous designs or have any ideas for new ones, just let me know and I'll happily help out.

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Good stuff Ken. I also made some business card designs a few months back as I needed some for myself. If anybody wants either of my versions, just PM me the details you want to appear on them and which version and I'll edit my Illustrator files with your details and send you the .pdfs with printer marks etc. However, please note my versions will probably be more expensive than Ken's to print as they are full color and double sided designs.









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Wow! Really awesome content guys.  +5%

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General Discussion / Re: New Bitshares.tv episode.
« on: March 12, 2015, 05:45:33 pm »
Great video Max.

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Wow, good luck guys. Such a great project!

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General Discussion / Re: BitShares 101 is now on youtube.. (mostly)
« on: March 01, 2015, 04:51:32 pm »
To all those concerned about quality, it's an encoding issue, Max made some quick edits to remove some stuff that was no longer relevant and in the process re-encoded the files. I'll be updating my originals with the changes he wants and we'll upload those versions instead which will be of a much better quality.

23
Not been around the last few days, since I made my comment. Also, I'm sure you won't, but please don't take any of comments as too negative, I'm just trying to keep you as realistic as possible. Please, please do not rush into this!

Firstly, I need to bring up the topic of decentralization again. If this is all going to be a centralized thing then surely it is not a DAC? You have said this could be the BitShares videos DAC, but if you are doing everything centralized, centralized storage, playout, ingest, transcoding, cms/metadata etc then where does the BitShares blockchain come in? If it is all centralized then where is the need for a blockchain?

You say that the starting architecture does not need to be decentralized initially and that you can convert. This is a really bad idea imo. Consider this: If you go the centralized route initially you will be building a company with real employees and an office and a data center with potentially millions of USD of equipment and then at some point you convert. Will you just say: "Sorry guys you're all fired and all this equipment we bought is no longer necessary as it's all going onto a decentralized storage solution"? Either the company works and you will be making a profit and there will be no reason to disband it or the company makes a loss and there will be no way of spending its now non existent money on turning it into a more efficient decentralized version of itself.

So, either this is going to be a centralized thing full stop and it is therefore not the BitShares video DAC and if so, you will have a very hard time competing with Netflix and Hulu etc and their economies of scale. Or it is going to be decentralized thing and then you must work out the fundamentals of the technical aspects of this project. You cannot just say:

Quote from: SolomonSollarsNSense
Anything is possible you just need the team to do it.

I love your enthusiasm, but this just isn't true. I want to cure cancer, but I can't ask a community to crowdfund my assembling of a team with the promise that I'll sort out all the technicalities of it later. I know this is "argumentum ad absurdem", but If you have no idea of the technical aspects of this project and you also think:

Quote from: SolomonSollarsNSense
White Papers are useless.

You will almost certainly (and sadly) fail. You have to work out the technical stuff here! Even if this project is to be a centralized thing you have to work out the technical stuff! These things take massive teams of highly skilled and expensive engineers, huge sums in consulting fees, huge sums in legal costs and potentially millions of USD of equipment to build. I know this well because I have helped design, build and run broadcast headends. This is what I did before Bitcoin came along. If you do not know the technical undertakings of a project of this scale then how can you effectively plan and budget accordingly? How do you know how much money you need to raise in a crowdsale? Please don't just pick a figure and assume it is enough, because it probably isn't.

Finally I'm making some big assumptions here, but one of the reasons I assume Peertracks are either not doing video initially (or maybe never) is because of the differences in size and bitrate of audio compared to video. A video stream is significantly larger than just an audio stream because there is just so much more data in video. Also in a transport stream for video content there will sometimes be multiple video and audio payloads as well as the extra headers and info. On average the audio in a video stream takes up around 5% of the total data. To do video storage and playout in a decentralized manner is very difficult. User upload speed is terrible compared to download, so if the information is being served from other users of the system you will either have terrible wait times or the bitrates will be so low that the quality will be terrible. Several huge companies (we're talking 100s of millions in investments) have tried to do video p2p and usually give up. It may be possible with South Korean internet speeds, but for everyone else it just may not be possible yet. I bought a home NAS server the other year that also works as a media center and can stream stuff over the web. I thought that I wouldn't have to always carry my entire music and video library with me everywhere, but in reality it couldn't even stream audio real time due to my apartment's upload limit.

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General Discussion / Re: Presentation this Thursday
« on: February 24, 2015, 06:02:42 am »
It's actually at my university for the Association for Computing Machinery meeting. So almost all of them are computer science majors. Get to go and boggle their minds :D

Ah OK, maybe a quick look at the advantages of DPOS over POW may be a good idea then.

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General Discussion / Re: Presentation this Thursday
« on: February 24, 2015, 05:30:19 am »
Awesome!  :D

What is the setting, who is the crowd etc? Are they already familiar with blockchain technologies etc?

Try and sell the dream, open people's imaginations to the possibilities of what can now be achieved. Talk about a cryptocurrency without volatility, a solution to voter fraud (VOTE), a solution to domain squatting (DNS), fans supporting and owning musicians and their music distribution (MUSIC/Peertracks), cross game trading, betting and gambling without having to trust a third-party (PLAY). Don't get bogged down spending too much time on the technicalities, but do talk about the overarching concepts. Talk about how it empowers people. Talk about how we have huge decentralized teams all across the world, China, Argentina, US, Europe etc all working together on the same thing and how insane that truly is!

In the past, trying to explain Bitcoin to people I would always get stuck for about 15 minutes explaining proof of work and it turns people off because they just don't care. If instead I start by saying that we can now empower a child in Africa with a laptop and the internet to be the bank for his unbanked village, or how a hard working immigrant can work abroad and send back money to his family without a corrupt banking system sometimes taking as much 50% of that in fees the conversation always go very differently. Try and do this for BitShares, sell the dream and then show that this dream is becoming a reality because of all the amazing work of this community!

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I like your videos and I particularly like your on screen presenting style, from the other video of you I have seen. Our community needs more people with your enthusiasm and creativity. I would vote for you as a delegate just to have you working full time on the BitShares branded videos btw.

Let's get down to some questions:

Can you give us a full history of your project? It looks like a lot of this content was created for previous pitches elsewhere. What worked, what didn't work etc in the past? How have you come to where you are now etc?

Do you actually have any of the technical aspects worked out yet, or is this more of a vision of what could be? What happens if some of the things you have envisaged are just not possible? I would highly recommend working these details out in a white paper asap if not done already. I fear you have mainly approached this project from the content creation side and not the technical side.

Some thoughts I have had previously in regards to creating my own video DAC that are relevant to this project are: Where will the content be stored, how will it be accessed, how much will this storage cost and how will these costs be handled by the DAC? Is data stored on a centralized or decentralized solution? What about data redundancy? What cut does the DAC take of the purchases? How will the cost of an existing CMS be managed or will a brand new CMS solution need be designed and built? Can anybody upload anything? If so, how will the legal side be handled such as DMCA take downs etc? If not, how will you decide what content is to go on the platform, who decides, how are they paid? Is playout limited to web streaming only?

Also, do you have a team assembled or in mind already? How many people do you think this would take to make? What sort of timescales etc? This is a very ambitious project!  :D

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General Discussion / Re: new exchange: btsbots.com
« on: February 15, 2015, 02:05:38 am »
 +5% Awesome!

Using my superhero abilities of copy and paste coupled with the almighty power of Google translation I have decrypted the mystical FAQ page:

What is BTS?
BTS is based on the BTC block chain technology improvements comes to the center of the trading platform , where the CNY, USD and other assets are generated by three times the value of the collateral BTS , and the law has the same purchasing power of money . For more information bits shares five minutes Tutorial: http://www.bts.hk/bitshares-getting-started-tutorial.html

What is BTSBOTS?
BTSBOTS community members developed by BTS intelligent trading robot can provide market making , exchange, centralized bidding and other services. These services will greatly improve the mobility of capital , can create a great market value.

What is the immediate exchange services ?
We offer a variety of assets in any two mutually exchange services , including : BTS, BTC, USD, CNY, EUR, GOLD, SILVER, BOTSCNY. The average exchange rate for 10-20 seconds , real time price updates , inexpensive.

What is the price exchange service ?
For high volatility assets such as BTS, BTC, we offer price exchange. Users simply send assets , and indicate the highest purchase price or minimum selling price , according to our robot will help to meet the conditions of the optimal price match buyers and sellers . Initial operation because the transaction is not active enough , once every four hours to start trading engine . Was brokered orders will return immediately to the user, without the transaction orders will automatically go to the next round of bidding , up to 24 hours if the transaction is not yet returned to the user. The service charge 0.1% fee on the transaction slips, on a single charge 0.1 BTS Unsold network transmission costs.

Limit exchange trading algorithms like?
Every single transaction limit conversion of all the price is the same, in order to find the best price , we follow the following principles : 1 ) Let brokered turnover reached the maximum. 2 ) higher than the price of all pay and all lower than the price of sell orders should be traded.

What is the city doing the robot ?
BTS -making robot trading platform within several major market making , including the BTS on the USD, CNY ... BOTSCNY for BTS, BTC, USD, CNY, EUR, GOLD, SILVER , etc . All transaction records in real-time push to achieve the greatest degree of transparency of information disclosure .

What is BOTSCNY?
BOTSCNY is the underlying asset BTSBOTS in BTSBOTS all services provided, which owns and CNY 1: 1 equivalent purchasing power. BOTSCNY behind the mortgage is more than 100 % of the USD, CNY, GOLD, SILVER and other high-quality assets .

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General Discussion / Re: How about BitBeer?
« on: February 15, 2015, 01:36:30 am »
Also, I met the guy who made this the other week: http://www.dogerain.io/

Really fun idea, you "make it rain" Dogecoin on other users by repeatedly swiping up on your phone screen as if you are launching dollar bills into the air. Genius!  :D

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General Discussion / Re: How about BitBeer?
« on: February 15, 2015, 01:19:23 am »
https://www.changetip.com/ kind of allows you to do this. You can set up your own parameters like beer = $3.50 and then whenever you tip someone on Reddit you can say tip beer and it will tip them $3.50 worth of BTC at the time of the tip as long as you have that amount in your tipping balance. We really, really need Reddit tipping ASAP imo.

BTW I tipped an elected delegate a beer amount of BTS the other week as a little experiment, don't think they have noticed yet...

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