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Messages - Empirical1.1

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121
General Discussion / BitShares poll in main Bitcointalk discussion area
« on: January 11, 2015, 02:48:25 pm »
Someone who is largely a NXT supporter from what I can gather has created a poll essentially asking whether BitShares meets the criteria of being decentralized on the main bitcointalk discussion area.


https://bitcointalk.org/index.php?topic=920621.msg10114183#msg10114183

122
I like competitor weakness because if everybody is rising, then you don't stand out from the crowd but the onus is still on us to take advantage of it.

If we have a good 1.0 and some positive BitAsset announcements then our rise to no.3 juxtaposed with a declining market will be very noticeable and cast the spotlight on us that we've been missing up to now.

It also sets the stage for a rapid psychological transition from POW to DPOS. Such a rapid potential transition wouldn't be possible if Bitcoin & POW as a whole was strong.

123
General Discussion / Re: Now we can finally see BitAsset yield!
« on: January 10, 2015, 01:37:49 pm »

124
General Discussion / Re: The end of POW approaches...
« on: January 10, 2015, 11:09:05 am »
LiteCoin is $61 million atm...

Definitely looks to be on the way out in a hurry.

125
General Discussion / Re: BitShares Video
« on: January 10, 2015, 08:42:02 am »
Just saw the long version..looks great man!

Thanks! If you decide you're not happy about using the song though for whatever reason, just let me know.

I think it would be great to have the blockchain pay you to do a properly funded original BitShares song at some point along the lines of what you had in mind in November - https://bitsharestalk.org/index.php?topic=11584.msg152855#msg152855

is it weird that 4 people in this thread said they sent a tip but I received 2 tips? LOL :D :D

Did you get mine? (Sent from bter to tobyganger, they took 1% so was 1979.5)

Block # 1447216

b7d8e032b46a2295cbf0e0b6bc2565a0ca19829f 

timestamp Jan 5, 2015 7:12:50

126
General Discussion / Re: Knight of the BitShares Realm
« on: January 10, 2015, 03:31:30 am »
He's clearly BTSTV from the BitShares forum

https://bitsharestalk.org/index.php?topic=11458.0

127
General Discussion / Re: An open challenge to Bytemaster
« on: January 09, 2015, 10:27:25 am »
Edit: Given that you have a personal relationship and friendship with these guys, I can see why you personally wouldn't want to be seen as being involved with a direct Bitcoin competitor. It's possible though that this dynamic could cloud your objectivity with regards to how BitShares should approach marketing.

It is a valid question.  I believe my thoughts are grounded logic and strategy though. 

I recall an article from a former senior management type from Skype who said behind closed doors they knew Skype was a direct competitor and had superior technology and costs than existing telephony technology. Their mission was to replace that industry. Strategically they decided to not position themselves as a telephony company at all for fear of regulatory obstacles created by the legacy telephony lobbyists. All be it for a different reason it is certainly a valid option to not go head to head with the 400 pound gorilla in the right circumstances.

In our case.
1. Our next wave of users, developers, eveangelists, marketers, and investors are most likely to come from the bitcoin space.
2. Every bitcoin enthusiast has been told by the majority of their friends that they were crazy for buying bitcoin and that they would lose money. There is tremendous ego involved to see bitcoin succeed for that reason, not just financial. Telling their friends they were right about crypto but wrong about bitcoin will not cut it at the next BBQ.
3. It costs a lot of money which we do not have to get the attention of many eyeballs and educate them on our brand new industry. Bitcoin enthusiasts are fanatical and will happily read any article that speaks highly of bitcoin posted on reddit. That means lots of free eyeballs that are the right eyeballs.

In my opinion it is strategically foolish to not take advantage of 3, by not acknowledging 2 and thus missing out on 1.

Btw, how many people have you successfully sold the concept of bitshares too?  Have you had much success with "we are better than bitcoin?" (Genuine question, not cheeky at all.)

Thanks for the challenging debate. I read my reply this morning and thought it was a bit confrontational, apologies.

I'll answer your last question first, on Bitcointalk over the year, quite a few people for sure, even a couple that have messaged me to say as a much & ask me questions etc. I don't always say we're better than Bitcoin but when I'm selling the strengths of anything I'll compare it with the weaknesses of a competitor.

Friends & acquaintances  knew I did well on Bitcoin (in @$40 mostly out $500-700) & thought I was crazy at the time but they're interested in my opinion now. They mainly want to know what the next big thing is, like they just want to buy, not understand, so I would say 'it's BitSharesX, as excited as I was about Bitcoin, this is better...' Then some want to know why Bitcoin is doing badly and why they should invest and then I explain the weaknesses of Bitcoin and the advantages of BitAssets.

However I respect your input, really like what you've done so far, also looking at the feedback here & on NullStreet there seems to be some consensus for your approach of explaining why we're complimentary more and why we can enhance the Bitcoin experience. So personally I'm happy then if people want to try doing more of that and measure the results.

128
General Discussion / Re: Merging Ethereum and BitShares
« on: January 09, 2015, 09:42:35 am »
Newmine's next post on bitcointalk will probably now be "Greedy Bitshares Devs want to merge with Ethereum".  :P

No it was, https://bitcointalk.org/index.php?topic=918505.0

'BitShares community proposes Ethereum merger realising they aren't good enough.'  :P

His posts are so over the top, I find them pretty entertaining.

129
General Discussion / Re: An open challenge to Bytemaster
« on: January 09, 2015, 07:35:26 am »
Beyond Bitcoin is very bad slogan! We need to support from Bitcoin crowd, bts is distributed bitcoin exchange. There are common interests.

Beyond Freedom is a better slogan ,perhaps

Same conclusion I get from big time Bitcoin investors in China .
They lost interest when they saw the articles about how Bitshares can replace Bitcoin .

I agree that the titles really don't need Bitcoin in them. I also think we should be polite and respectful. I just don't like the approach of avoiding the weaknesses of your competitor for fear of offending them.

I think it's patronising and disingenuous to frame yourself as a complimentary addition to the Bitcoin ecosystem when the intelligent people with capital are investors capable of making rational decisions based on direct comparisons.

As an example how do we promote remittances if not as a direct competitor to Bitcoin? Are we supposed to keep this competitive advantage quiet?

A post I made earlier today...


Quote
they're very excited about the potential Bitcoin has for remittance particularly in the Philippines, as $20 Billion annually is remitted there, unfortunately for them our dollar stable, 10 second, 1 cent transactions, interest paying BitUSD & the relationships & offramps John Underwood specifically has there, crushes their model. It's a huge market that BitShares is going to be vastly superior in. The approach of not explaining that, pretending to be complimentary, hoping they connect the dots and when they do say 'shhh, now that you' ve converted be vewy vewy quiet, nobody is aloud to openly make direct comparisons about BitShares having a better business model, we have to pwetend that our Bitcoin crushing remittance model is actually a complimentary addition to Bitcoin...' Is the wrong approach to me.

If you have a superior product and can back it up, make direct comparisons & intelligent, mature males with capital will consider it. They're investors and that's advertising.

If we don't a competitor will come along and say 'hey we can do the remittance job with a stable dollar asset, for 1c in 10 seconds and we have offramps in the Philippines' while Bitcoin is volatile, takes longer, charges more and has no banking relationships there' - People can see the light quickly with such a stark comparison which we will have failed to make if everyone took the soft sell approach.

I think both methods have a place but advertising your strengths vs. the leading competitor is just advertising, there's not many successful Trojan Horse campaigns I can recall and if there are, I would say they're the exception rather than the rule.

It will be an interesting challenge to try a few articles in the vein BitMarket suggests and I know that approach works very well for him. Personally though I'm going to continue to be clear and direct about our advantages as well as the weaknesses of Bitcoin when engaging people.

Let me give you two direct quotes from very serious people in the bitcoin space and good friends of mine.

1. A well known bitcoin investor and evengalist. Seed investor in many of the biggest bitcoin businesses that you all know the names of and a good friend was asked to proof read bitshares 101 for me.  He is a bitcoin multimillionaire and then some. He has flown me around in his plane. Bear in mind he is a good friend and would probably read a childrens book if I wrote it out of courtesy.

"I am not reading it. The guys at bitshares hate bitcoin."

2. Owner and developer of one of the best bitcoin wallets and a friend. He asked me to be a investor in his wallet because or my rep and ability to market. When I mentioned I was excited about bitshares his response was... "Oh dude stay away from them. They piss a lot of people off. If you align yourself with them you will feel it next time you are at a conference." 

Hence bitshares.tv and this challenge.   If I can repair bitshares reputation, I can bring a lot of people in.   But as long as we are banging on about, "proof of waste" "Proof of work is dead", "The one chain to rule them all", "bitshares makes bitcoin redundant" "bitcoins demise is inevitable because of its inefficiencies", "beyond bitcoin" we will be shunned by the demographic that should be most responsive to us.

I think your personal approach is good, but I don't think we should confuse PR with marketing & advertising though.

Products are sold on their competitive strengths vs. their competitors. Bitcoin is the leading competitor. These are our advantages over Bitcoin in this area, try us. This is where we can be complimentary to Bitcoin, try us. Etc. 

The people you mentioned are both heavily positioned in Bitcoin so presumably would see anybody else as a threat. Are either of them very supportive & involved with any other options like XRP/NXT/PPC/STR? If not there's probably little benefit to pandering to your small sample of Bitcoin royalty if they historically haven't been directly involved with and supportive of a non Bitcoin linked options.

I also expect those invested in BTC but not heavily positioned in BTC related projects will be able to make more rational investment decisions than 'I am not reading it. The guys at BitShares hate Bitcoin

Edit: Given that you have a personal relationship and friendship with these guys, I can see why you personally wouldn't want to be seen as being involved with a direct Bitcoin competitor. It's possible though that this dynamic could cloud your objectivity with regards to how BitShares should approach marketing.

Though I agree working better on PR, communication & being polite and respectful of Bitcoin are important.








130
General Discussion / Re: An open challenge to Bytemaster
« on: January 09, 2015, 06:16:56 am »
Beyond Bitcoin is very bad slogan! We need to support from Bitcoin crowd, bts is distributed bitcoin exchange. There are common interests.

Beyond Freedom is a better slogan ,perhaps

Same conclusion I get from big time Bitcoin investors in China .
They lost interest when they saw the articles about how Bitshares can replace Bitcoin .

I agree that the titles really don't need Bitcoin in them. I also think we should be polite and respectful. I just don't like the approach of avoiding the weaknesses of your competitor for fear of offending them.

I think it's patronising and disingenuous to frame yourself as a complimentary addition to the Bitcoin ecosystem when the intelligent people with capital are investors capable of making rational decisions based on direct comparisons.

As an example how do we promote remittances if not as a direct competitor to Bitcoin? Are we supposed to keep this competitive advantage quiet?

A post I made earlier today...


Quote
they're very excited about the potential Bitcoin has for remittance particularly in the Philippines, as $20 Billion annually is remitted there, unfortunately for them our dollar stable, 10 second, 1 cent transactions, interest paying BitUSD & the relationships & offramps John Underwood specifically has there, crushes their model. It's a huge market that BitShares is going to be vastly superior in. The approach of not explaining that, pretending to be complimentary, hoping they connect the dots and when they do say 'shhh, now that you' ve converted be vewy vewy quiet, nobody is aloud to openly make direct comparisons about BitShares having a better business model, we have to pwetend that our Bitcoin crushing remittance model is actually a complimentary addition to Bitcoin...' Is the wrong approach to me.

If you have a superior product and can back it up, make direct comparisons & intelligent, mature males with capital will consider it. They're investors and that's advertising.

If we don't a competitor will come along and say 'hey we can do the remittance job with a stable dollar asset, for 1c in 10 seconds and we have offramps in the Philippines' while Bitcoin is volatile, takes longer, charges more and has no banking relationships there' - People can see the light quickly with such a stark comparison which we will have failed to make if everyone took the soft sell approach.

I think both methods have a place but advertising your strengths vs. the leading competitor is just advertising, there's not many successful Trojan Horse campaigns I can recall and if there are, I would say they're the exception rather than the rule.

It will be an interesting challenge to try a few articles in the vein BitMarket suggests and I know that approach works very well for him. Personally though I'm going to continue to be clear and direct about our advantages as well as the weaknesses of Bitcoin when engaging people.


131
General Discussion / Re: Draft Content for New Bitshares.org HomePage
« on: January 09, 2015, 05:38:54 am »
What do people think of Dwolla? https://www.dwolla.com/

That's an example I kind of like.

- Clear, succinct  pitch with a call to action and learn more option
- Then it funnels target markets.

Then you scroll down and see a few more key points.

(Edit: Nice that we're 25X cheaper than their main selling point :) )

I love this type of page, clean simple and easy for anyone in any of the above groups to find what they want quickly.

Yeah, as I just said on NullStreet, my personal feeling is that we do have a couple of specific niches so just focusing on one or trying to be everything to all people on the one page is a mistake. The more I think about it the more we will need something like Dwolla

https://www.dwolla.com/

With funnels for 'individuals', 'businesses' 'traders' & 'remittance'

Or perhaps 'Decentralized Exchange' in place of 'traders.'

Their sell is

The best way to move money.

No percentages. No hidden fees. Just 25¢ per transaction or free for transactions $10 or less.

'Create an account'

Ours by similar comparison might be something like...

The best way to save, trade and move money

Send money anywhere in less than ten seconds for just 1¢ per transaction. No Hidden fees. Hold balances & earn interest in any major currency, incl. gold, silver and oil. All while maintaining your privacy.

'Create an account'

------------------

(A thread on Bitcointalk today also reminded me what a big market remittances were and that our dollar stable, 10 second, 1¢ transactions + the offramps John Underwood is working on means BitUSD will be the superior option there and it's probably worth having a remittance funnel too...)

132
https://www.cryptocoinsnews.com/amagi-metals-pay-entire-staff-bitcoin

I bought a few silver coins from them, quite a while ago now, using bitcoin. But it was a Bitpay transaction and I don't think that they were keeping any of the bitcoin back then. They were just using BitPay to convert to fiat immediately. But now, with them paying staff in bitcoin, I guess they are no longer converting all crypto sales to fiat immediately anymore.

I don't think that we should approach them until 1.0 release, but I think they are an extremely likely prospect to start using bitSILVER, bitGOLD and bitUSD. It would be a big win for them over bitcoin, which they are already accepting and keeping.

 +5% Interesting

I think we should approach guys like this as soon as possible to start a conversation, to discuss it and get feedback but again I'd prefer if we had a delegate who fulfilled this role & was skilled in making contacts and building relationships vs. just us randomly contacting.

133
General Discussion / Re: The end of POW approaches...
« on: January 08, 2015, 07:14:44 pm »
We could stand pat and see Litecoin fly by us. POW is dead.

Well the most amazing thing is half of Bitcoiners agree with you.

A poll in the main discussion area, titled 'should Bitcoin modify to POW + POS' has 2500 views and 48% of Bitcoiners saying YES.

https://bitcointalk.org/index.php?topic=914842.0

When half of Bitcoin thinks POW is flawed and in need of a POS based modification...

The end of POW may be closer than even I thought...

How many of those "yes" votes are coming from people who are actually POS or DPOS enthusiasts and only went to bitcointalk to vote because it was linked to from their own forum? I am one.

Some perhaps, but the vote is fairly consistent with the trend I'm seeing in other threads and Bitcoin posts. There's some consensus that POW is seriously flawed from a centralisation and cost POV. This wasn't the case 9 months+ ago. There's a real psychological shift starting to happen imo.

134
General Discussion / Re: The end of POW approaches...
« on: January 08, 2015, 06:42:51 pm »
We could stand pat and see Litecoin fly by us. POW is dead.

Well the most amazing thing is half of Bitcoiners agree with you.

A poll in the main discussion area, titled 'should Bitcoin modify to POW + POS' has 2500 views and 48% of Bitcoiners saying YES.

https://bitcointalk.org/index.php?topic=914842.0

When half of Bitcoin thinks POW is flawed and in need of a POS based modification...

The end of POW may be closer than even I thought...

135
General Discussion / Re: ShapeShift useful for bitUSD?
« on: January 08, 2015, 10:40:54 am »
Going back and forth with their devs by email, they are actively on it. Their last estimate was "a few days".
Wow ...+5%

 +5%

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