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Topics - matt608

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31
A referral program of some kind essential, but TITAN makes it a bit difficult.

I was wondering, what if TITAN wasn't automatically enabled, but could be purchased? E.g. 50bitUSD or maybe more e.g. 500bitUSD?. That may even help it sound like more of a feature. That way the affiliate would still get the TITAN fee if the referral paid it immediately before depositing/transacting large funds, and could be a source of income for the DAC in non-referred users.

A rewards program could be in place for those who sign up any user (merchants, savers, spenders, forex traders, investors, etc). Affiliates would earn their transaction volume fees. Refer a user and whatever happens you get their fees or a big cut of their fees such as 50%, or if the referral pays to enable TITAN then the affiliate could get 100% of the TITAN fee and the transaction fees would then become unknown and go to the DAC.

This would mean it could all happen automatically within the system. 

No dilution required to pay for it, apart from the initial cost of coding it.  No delegates required to run it.  It just runs itself once it's coded in.


Put simply

Affiliate gets a "download wallet referral link" with their username in the URL generated from within the Bitshares client.  If a wallet is downloaded from that URL any new accounts set up from it are the affiliates referrals.  All users can easily generate this link and become affiliates.  Who's the download hosted by?  I don't know, bitshares.org?

Affiliates earn the fees of their referrals

TITAN makes this not possible to track I think

Allow users to pay to enable TITAN

New type of fees from TITAN are burnt and profit the DAC, or if the user was referred they are sent to the affiliate.

Even more simply:  Generate referral link from within the client.   Earn the fees of whoever signs up via your link.

Its just an idea, maybe the fees wont be enough of an incentive.

32
I'm just wondering why exchanges such as BTER don't use the data from the bitshares decentralized exchange and trade with that so the order book from the decentralized exchange appears on their order books?  Rather than how it is now with them each having a really thin order book that harms the peg.  When someone buys bitUSD from an exchange it's best if its bought from the main market to strengthen the peg by increasing liquidity. 

I thought there are some bitcoin exchanges that use the bitstamp order book somehow to provided liquidity, I'm not sure how it works.  Can that be done with Bitshares?

33
General Discussion / Easy web tipping with bitUSD?
« on: November 18, 2014, 09:42:38 pm »

34
Muse/SoundDAC / Peertracks - total raised so far?
« on: November 13, 2014, 03:21:58 pm »
Wasn't sure where to post this as the forum is now for BTS only.   I was wondering if there's a way to see how much Peertracks has raised so far in its funding round?

35
General Discussion / Russia's millionaires could fuel the next Bitcoin boom
« on: November 06, 2014, 05:05:48 pm »
http://www.reddit.com/r/Bitcoin/comments/2lhcno/russias_millionaires_could_fuel_the_next_bitcoin/

I wonder if this situation could be utilised.  bitassets would be much better for Russians seeking stable assets.  Should there be marketing targeted towards this?  Are there at least Russian translations of the documentation etc?

36
Will there need to be a fee for delegates making officially voteable dilution proposals?  How high should it be? 

Prospective delegates who want dilution could propose their idea unofficially on the forums and get an idea of whether it is likely to be voted in or not and use community feedback to refine the idea. Then they could write it up and officially propose it, costing a fee, maybe quite a large one.

The stakeholders could easily get overwhelmed by too many voting decisions.  Too many proposals have already been seen in the forum to cause confusion, stress, and bearishness.  If there's a fee to make an official voteable dilution proposal it would have the following benefits:

The higher the fee:

- the fewer voteable dilution proposals (higher stakeholder confidence/certainty)
- the better the quality of the proposals
- the lower the level of freakout by stakeholders as at least some would have been exposed to the proposal many times on the forum and developed some trust towards the delegate during the preliminary proposal feedback process.
 - the higher the deflation from fee-burning!

Burning of fees from dilution proposals could add a decent income stream to the DAC.  I'd say it should be a few hundred USD worth of BTS per official voteable proposal, maybe more?

If the fee is $300USD worth of BTS, stakeholders who are greatly in favour of the proposal from the pre-liminary discussions could easily donate to pay the fee to put it up for vote.  If the proposal is good enough it should easily be able to gather $300 of donations from its supporters before going up to vote.

Also maybe proposal makers should be required to run a delegate for at least 1 month before making an official voteable proposal.   That helps build trust and commitment to BTS by creating an intellectual overhead and proves they are capable of the basic delegate tasks.



37
General Discussion / Proposal: No more proposals
« on: November 01, 2014, 04:54:38 pm »
 :)

38
General Discussion / Life lessons from an ad man
« on: October 28, 2014, 11:53:29 am »

39
General Discussion / bitUSD marketcap
« on: October 28, 2014, 11:00:54 am »
On coinmarketcap today I saw the bitUSD market cap went up from around $380,000 to over $1million, what's going on there?

40
Random Discussion / What music are you listening to? :)
« on: October 26, 2014, 09:03:51 pm »
So, I thought this might be fun,

https://www.youtube.com/watch?v=kFTKnuilf2c

 

^Great album :D


41
General Discussion / Idea: 'Summon a Translator' feature
« on: October 25, 2014, 05:32:45 pm »
***not a pressing demand just an idea for the future***

Here's an idea to help with the need for more Chinese/English translations of community discussion. 

1 delegate who is fluent in Chinese (Mandarin) and English, who acts as escrow and to quickly check the quality of the translations.  I'll call him delegate T (for translate).

English user writes a post he/she would be happy to pay a tip to have translated into Chinese.  He presses the T button at the bottom of his post and sends 0.50bitUSD (or however much he wants) to delegate T, who holds it in escrow.  Delegate T automatically sends out a notification (via email, or forum PM, whatever) to a list of subscribed translators, notifying them of the new task available.

One of them 'claims' the task and the others translators are notified (or can view it somewhere) that it has been claimed, and not available anymore.  The tasks status is changed to 'being translated now!' (viewable by anyone).  He has 1 hour to complete the translation or else the task becomes unclaimed again and the other translators are notified and he loses the claim. 

Once the translation is complete, the translator publishes the translation and sends a notification to delegate T to check it and release the funds.  If the translation is of reasonably high quality (as judged by delegate T), he releases funds and the translator is paid.  If the translation is of too poor quality delegate T can refuse payment until the translation is improved to a reasonable standard. 

Users can chose to pay for any post to be translated, not just ones they have written.  So if for example there's a great thread that a few users agree should be entirely translated, they can all chip in to get each post translated and published in order.  There could be an option for 'translate whole thread' to ensure it gets re-published in the correct order.

This would end up saving money, as it would be much cheaper than paying a team of full time translators.  And much cheaper than having the Chinese + English community become divided and having increasingly incompatible ideas about BTS.

Hopefully all translation requests would be complete with 24 hours of request.  This also solves the problem of things getting translated more than once as that everyone could see the status of the translation

Why would community members pay for translation?

 - To help foreign language speakers understand their vision of BTS more and be inspired, to help keep confidence high and community together and to make sure everyone understands what is going on.
 - To convince the foreign language speakers that a delegate they support is worth voting for.  This allows them to easily spread their grass-roots campaign to the Chinese/whoever.

Too early to implement as we don't even know which social platform this discussion will all end up being done on, but I would say that eventually this may be a vital feature. 

42
As far as I can tell in the future 3rd parties will have 3 options. 

1.  Propose their business plan to BTS stakeholders with the aim of becoming a delegate and receiving funding via dilution and become part of BTS
2.  Go independent and offer a snapshot to either AGS + PTS or BTS or some combination as they choose.
3.  Go independent and and not snapshot anyone.

Option 3 isn't preventable and we can just ignore it.

Option 1 is something BTS holders are incentivised to facilitate in order to reduce competition and increase growth.  Each startup which is part of the superDAC is like a new road to our bitasset shop coming from somewhere new.  The more inroads the better, as long as these roads are purchased for a fair price. 

Ethereum is aiming to attract developers to build on its platform.  There will inevitably be forks of Ethereum too (option 3) and they don't have a 'snapshotting' as a tradition so I don't think that there's an option 2 for them either.  They are all about attracting DAAP developers (what I am calling 'startups').  Now that BTS is united, we need to do the same.  The ideals of free market competition are not violated by conglomeration, in fact they are strengthed.  We would not really be competing if we deliberately allowed competition to flourish against us, just to give the competition a fair chance.  Ethereum is the competition, it's time we realized that.

Now, onto why would a startup or DAPP team bother 'campaigning' to become a delegate?  That's never happened before.  Let me tell you,

Funding.

Every startup needs funding.  DPOS inadvertently provides a few a new funding option for all startups, call it say, blockchain-funding, or BitsharesFunding, as opposed to equity-crowdfunding.  Rather than marketing its potential product to the Internet at large to gain funding, now, thanks to DPOS startups can target their crowfunding efforts to stakeholders of BTS.  They need go nowhere else.  If they can get enough stakeholders to vote for them, they get funding, access to a decentralised bank with the strongest bitassets available, the support of all BTS stakeholders (including Invictus developers who will be delegates themselves) as well as all the business partnerships BTS has made.

A huge incentive.

It also means they have incentive to co-operate with other BTS teams, which is good for BTS.

Want funding?  Make your pitch to BTS stakeholdrs at *insertawesomenewBTScrowdfudingssite.p2p*

The only downside for prospective startups is that they skip the high-risk high-return phase, as their share price will be the BTS price.  So even if they are very successful, they will not earn as much, but if their startups is a complete failure, their BTS will still be worth something.

If their startup/DAAP is a failure BTS stakeholders will vote them out of receiving more funding.

So BTS will have become a decentrased start-up seed funding network. 

Pretty awesome if you ask me.

Im not sure this conclusion has been reached by many yet.  It brings to light how important a platform for prospective delegates to propose their plans may be.  If its too difficult to pitch proposals to BTS we will end up with a load of competitors who could have been allies.  People are trying to remedy this concern with snapshotting AGS/PTS/BTS, which is fair enough, but another way to get a stake in all future bitshares DACs is to own BTS and make it easy for prospective DAC startups to pitch for funding.

Therefore, alternatively to snapshotting, BTS third parties could (and I will say should) be encouraged to pitch their startup/DAAP to BTS holders with the aim of becoming delegates funded via dilution.

It does prevent a problem for Chinese/English, as they would have to make their pitch in both languages.  It will be a new adventure.

Feedback, thoughts on this idea?  :)

Edit:  If a DAAP became so big its team decided it could go independent with its own BTSX style exchange, then it could be rolled off as an independant and provide a snapshot to BTS.

Edit 2: Not saying a successful vote for dilution to fund a delegate would happen often, maybe just several times a year or less.  This is just an idea for what direction could be taken.  I don't want to bombard an already very busy team with more stuff just wanted to put this out there as I thought it could be important.  There's no bigrush to get this 'platform' I'm imagining ready, just maybe something to consider?

43
中文 (Chinese) / Reminder to subscribe to r/bitshares!
« on: October 25, 2014, 11:12:11 am »
Just a friendly reminder for English speaking Chinese to subscribe to http://www.reddit.com/r/bitshares/ if you haven't already.  Ethereum has 3k+ subscribers, lets get more than them! 
 
:)

44
General Discussion / Reminder to subscribe to r/bitshares
« on: October 25, 2014, 11:09:29 am »
Just a friendly reminder to subscribe to http://www.reddit.com/r/bitshares/ if you haven't already.  Ethereum has 3k+ subscribers, lets get more than them!

 :)

45
Technical Support / How big is the blockchian atm? Where is it stored?
« on: October 21, 2014, 09:15:56 pm »
I had to install BTSX on one machine and then move it to another one, anyway I'm trying to delete it on the first one and I'm not sure if the blockchain has been deleted.  I'm having disk space problems and I can't tell if its because the blockchain is still not deleted or just because I've got too much stuff...

So, can anyone tell me big is the BTSX blockchain?
Is it deleted simply by dragging bitshares X to the trash and emptying trash? (Mac os x) 

Thanks

:)

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