Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - lovejoy

Pages: 1 2 3 4 5 6 7 [8] 9 10 11 12 13 14 15 ... 29
106
General Discussion / Re: The idea of to establish a BTS big shareholders’ club
« on: November 16, 2015, 06:31:40 am »
Quote from: fuzzy on November 16, 2015, 06:21:57 am
I think it would be less about Reward and more about Risk to most. 

The reward would simply need to help balance that risk. :)

There's a loss of opportunity, for sure, in holding your funds anywhere.  Risk?  I think the risk is only if you think BTS will go to zero, or the project will die.  However if you believe this, you will not lock up 1,000,000 BTS purchased at any price, for any amount of UIA which will likely prove equally worthless in such an event.  So it's a moot point, as far as i can see.

107
General Discussion / Re: The idea of to establish a BTS big shareholders’ club
« on: November 16, 2015, 06:16:48 am »
Quote from: donkeypong on November 16, 2015, 06:05:09 am
Quote from: bitscape on November 16, 2015, 06:03:08 am
I prefer a voluntary, uncontrived pledge to one which is bought with a promise of reward.

If someone wants to pledge that they will hold their millions... let them stand up and say so.


And then what is "the promise of reward" and where is it coming from?

Do you mean, what's the motivation for holding without monetary incentive to do so?  Maybe I'm out on a limb here, but i'm suggesting honor and reputation alone... that's probably considered crazy and impractical in this crowd though?

I would perhaps suggest that holding for a (publicly declared) fixed period, at one's discretion, and contributing to the likelihood of a rise in price through shaping perception will be benefit enough in the long term, am I right?  I don't know.

You may call me a dreamer... but i'm also not a large stakeholder, so, my opinions cost very little in these latitudes.

108
General Discussion / Re: The idea of to establish a BTS big shareholders’ club
« on: November 16, 2015, 06:07:43 am »
Quote from: donkeypong on November 16, 2015, 06:03:04 am
This discussion needs to continue. If we can get the right pieces in place, it could really help BitShares. Bond market would be best. But if we have to wait on that, it may be worth trying this through other means. As opposed as I am to doing anything meaningful in Brownies, I actually think that they could serve as a good test market for this.

What is the rationale of limiting this to holders with 5M net worth? If that's mostly exchanges, then not much is going to be locked up by doing this. Might it be possible to include ANY sized accountholder? If it must be limited to the larger ones, then I would think a 1M or 2M limit would create a good-sized group.

Agree... I don't see any rationale in 'big only', anyone is capable of making such a pledge, and many small holders doing the same can result in an equally powerful sum of shares.

109
General Discussion / Re: The idea of to establish a BTS big shareholders’ club
« on: November 16, 2015, 06:03:08 am »
I prefer a voluntary, uncontrived pledge to one which is bought with a promise of reward.

If someone wants to pledge that they will hold their millions... let them stand up and say so.

We can see the named accounts just fine, all it really takes is for one whale to go first, no scheme is needed.  I'm sure someone will put their name and balance in glowing pixels with a big heart icon right next to it for all to see.

Let your word be your bond, literally.

110
General Discussion / Re: The idea of to establish a BTS big shareholders’ club
« on: November 16, 2015, 05:50:50 am »
Quote from: EstefanTT on November 15, 2015, 02:57:16 pm
Isn't it exactely what the bond market is about. Loaning money and get interest ?
Any info in when it would be in place ?
If I remember well it's not a part of the recent BM proposal ? Why is that ? Isn't it one of the "big feature" we need ?

 +5% I'm also curious where bond market development currently sits on the to-do list, it seems to have drifted off the radar...

111
General Discussion / Re: Bitshares' fee structure and the longer-term growth direction
« on: November 16, 2015, 05:31:26 am »
Quote from: clayop on November 16, 2015, 05:24:49 am
Quote from: bitscape on November 16, 2015, 05:19:48 am
I think the answer lies somewhere in the middle, but that it's premature to be deciding on changes to the fee structure until a more robust conversation develops among those stakeholders who would be affected one way or another.

In a sense, that conversation will only be possible once a relative majority of committee members are actively representing community and business interests.

If the 30 people who voted yes in this poll want to show up and have a town-hall style discussion on the matter, I think that would be a pretty enlightening event.  https://bitsharestalk.org/index.php/topic,19948.0.html  I imagine it's precisely the sort of thing a town hall is for.  The community chooses topics for discussion and debate, and every party has a chance for his or her voice to be heard.  Each merchant, developer, trader, marketer, and so on, that wants to speak at the town hall event, can have their say.  Those who wish to submit written statements can have it read by the moderator... If we want there could be a poll before and after the town hall to see which way opinion went after the discussion.  Otherwise, of course ultimately voting itself will decide.

Just my 40 bts on the matter. ;)

Not every person in this community is English speaking one. So there is a silent voice, which only represented in voting.

True.

A fact which is not lost on me, and it is good for everyone to be reminded of.

Also a reason why sooner or later this community needs to employ translator / communicators to facilitate a more in depth conversation across all languages, between all shareholders.  We need some sort of UN like format where all speakers are translated live to the native language of all those in attendance.  This is a tangent though.. We can revisit this in a new thread perhaps.

112
General Discussion / Re: Bitshares' fee structure and the longer-term growth direction
« on: November 16, 2015, 05:19:48 am »
I think the answer lies somewhere in the middle, but that it's premature to be deciding on changes to the fee structure until a more robust conversation develops among those stakeholders who would be affected one way or another.

In a sense, that conversation will only be possible once a relative majority of committee members are actively representing community and business interests.

If the 30 people who voted yes in this poll want to show up and have a town-hall style discussion on the matter, I think that would be a pretty enlightening event.  https://bitsharestalk.org/index.php/topic,19948.0.html  I imagine it's precisely the sort of thing a town hall is for.  The community chooses topics for discussion and debate, and every party has a chance for his or her voice to be heard.  Each merchant, developer, trader, marketer, and so on, that wants to speak at the town hall event, can have their say.  Those who wish to submit written statements can have it read by the moderator... If we want there could be a poll before and after the town hall to see which way opinion went after the discussion.  Otherwise, of course ultimately voting itself will decide.

Just my 40 BTS on the matter. ;)

edit:  +5% to both cube and clayop above

113
General Discussion / Re: Forbes: ShareBits.io's Launch Bringing 'Crypto' Technology To Mass-Market
« on: November 15, 2015, 11:20:31 pm »
AWESOME!!!  Even to the casual observer This should reveal the beginnings of truly epic developments in the space.  Referrals ahoy!

Bravo to all who have coordinated to bring this about!

114
General Discussion / Re: Benefits of Blockchain Technology
« on: November 13, 2015, 04:16:25 am »
Quote from: donkeypong on October 30, 2015, 03:43:49 pm
This is a short piece from The Economist. It mentions a public ledger for banks. Most importantly, it looks beyond Bitcoin.

http://www.economist.com/news/leaders/21677198-technology-behind-bitcoin-could-transform-how-economy-works-trust-machine

115
Random Discussion / Re: DAO - Delegated Autonomous Oracle
« on: November 13, 2015, 04:03:44 am »
"Is the system going to flatten you out and deny you your humanity, or are you going to be able to make use of the system to the attainment of human purposes?"

-Joseph Campbell

116
General Discussion / Re: BitShares TL;DR. Explain in one line
« on: November 11, 2015, 10:50:54 pm »
BitShares: Antithesis of The New World Order

117
General Discussion / Re: BitShares TL;DR. Explain in one line
« on: November 11, 2015, 10:44:08 pm »
Quote from: Permie on November 11, 2015, 09:48:13 pm
BitShares are like bitcoin but ethical and the economic incentives for perpetually sustainable incorruptible financial security and privacy are aligned correctly

How would you edit this sentence to improve it's succinct accuracy?

I don't know the context of where your sentence is needed, but I got a little carried away and wrote this in response... it probably needs some work and I'm not sure if it's relevant to what you're trying to write anyway.. but it's always fun to try and boil this down. :P

BitShares (BTS) is the core asset of a decentralized exchange.  This exchange allows participants around the globe to transact value with anyone online using their choice of various fully collateralized smart-coins, issued by the exchange.  The exchange itself utilizes an adaptive model of self governance, which serves to align economic incentives among participants for the continued development of a sustainable, fraud-proof, and voluntary economic system.

EDIT: I realized this doesn't qualify under the 'explain in one line' category, but.. I'll keep trying.

118
General Discussion / Re: Cryptofresh BitShares Peer to Peer Tour video translation
« on: November 11, 2015, 09:27:26 pm »
Hey folks, here's the official English closed caption / subtitle file.

http://cryptofresh.com/uploads/BitShares-P2P-Tour-2015.srt

Hopefully .srt as a format is sufficient.  lmk.

I'm more than happy to upload additional CC translations to the P2P Tour Video on Youtube.

119
General Discussion / Re: Now is a good time to tell people about BTS.
« on: November 11, 2015, 08:04:31 pm »
Quote from: neo1344 on November 11, 2015, 06:26:58 pm
is it realy good time to tell ppl abut BTS?
yeah will tell ppl that bts could make 1 m transactions but has lost its value significantly.
please just show me a perfectly working product that l could be convinced to tell ppl about bts?
by the way l have convinced two friends of mine they have lost a lot with buying bts.
Regards

It's pretty obvious, but it bears repeating: No one has lost anything until they've sold at a value less that what they purchased for, so if that's the case, then yes, they've perhaps lost a lot.  Until then, you're sitting on a basket of goods with unknown potential.

I told a number of friends to invest when BitShares was around $.02

They're all still holding, and haven't lost a thing.  If I were them I'd buy more at this price and lower my price per share average, but I understand if that's too rich for most folks blood... we are on the bleeding edge after all.

It ain't over till the smart-chain spins!


120
General Discussion / Re: Now is a good time to tell people about BTS.
« on: November 10, 2015, 11:33:24 am »
I would have to quote everything you've written here @luckybit, but y'all can scroll back and read it again.
I could not have said it better, and I hope people will take all those words to heart.

I know I was not alone in the enthusiasm which swept through the nascent community when the possibilities of this project shown more brightly than all obstacles.  In hindsight I see where I let my expectations or excitement get the best of me, but luckybit hit the nail on the head... we're in the "BitShares is dead" phase... lmfao!  Thanks for the lulz!  :P Long live BitShares!

This is a project that commands some passion, after all.  We're not talking about building a better wheel here, but something more akin to the development of the wheel the first time around, which (it often goes without saying in these parts) is kind of a big deal.  All the bean counters in the room sometimes make me have to do a crazy test.  Apparently we must continually articulate the magnitude of what is being built here.

It's as if Nikola Tesla gave us free energy 6-12 months ahead of the competition and some people only complained about the lack of documentation, or that it's not configured properly yet, or that Tesla is a shitty marketer... ok well, get in there and document the thing! Bring more folks onboard to help out!! 

Thank heavens for the dedicated souls who are playing this role with BitShares!

It's as if a new world were discovered, and word was sent back from the early explorers that it was rich with unimaginable bounty, to which their distant council responds with a letter reprimanding the vanguards for not having fully exploited every available resource the moment they made landfall.

And I suppose it's a bit like the finger pointing at the moon.

All I really have to add is... Don't let the swamp of sadness get to you... don't be Artax!
https://www.youtube.com/watch?v=nshO5Uo0OFk

To all those working to make this project more valuable each and every day, respect.

Pages: 1 2 3 4 5 6 7 [8] 9 10 11 12 13 14 15 ... 29

Page created in 0.027 seconds with 23 queries.