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Messages - Empirical1

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196
General Discussion / Re: Stellar - not a fan, but a good case study for sharedrops
« on: August 12, 2014, 12:13:42 pm »
The Sharedrop, does at least get it talked about a lot, too expensive for me though. I also don't think with 15000% inflation still to come any level of quality would help. Much better to do a fork of same thing with no inflation and let other coin/DAC advertise the technology/get it talked about.

197
General Discussion / Re: .p2p or a _com ?
« on: August 12, 2014, 10:51:22 am »
Quote from: sudo on August 12, 2014, 06:51:36 am
google,com

,    .

I think the underscore option as in google_com was the only one that might be backwards compatible.
(Otherwise I would have preferred a + or a !)

I'm passionate about the idea of brand_com's and just brand_ hence the poll but am happy to be proved wrong by the market because all I really want is to maximise my investment.

I'm also seeing PTS increasing while Namecoin is struggling. (Namecoin down 10% yesterday.) 
This is also a very good sign for the .p2p DAC in it's current form.


198
General Discussion / Re: Stellar - not a fan, but a good case study for sharedrops
« on: August 12, 2014, 02:57:01 am »
Quote from: lucky331 on August 12, 2014, 02:17:36 am
out of 392,063 sign ups, 102,922 people are on thr waiting list. 

https://www.stellar.org/stats/

not bad overall.

Not bad 670 million given away so far, only 15000% more inflation to come to come in the next few years... :)

199
General Discussion / Re: Stellar - not a fan, but a good case study for sharedrops
« on: August 12, 2014, 01:51:44 am »
Quote from: lucky331 on August 12, 2014, 01:37:23 am
Quote from: Empirical1 on August 11, 2014, 09:49:14 pm
Quote from: Gentso1 on August 11, 2014, 09:42:07 pm
I think it will work.I am not a fan of huge air drops but no one can deny freebies of any kind get you noticed.

I have been looking but cant seem to find what is the current $ value of there airdrop?

I saw this on BTT

Quote
They just created a demand for it, by giving out only 125 stellar now.
Initially they gave out 6900 stellar, for any new account(who would link fb and their emails), and created a distribution.
Now they give 125, creating a shortage, so there is a demand, and prices increase. They can now easily sell their premined stellar at high prices.

https://bitcointalk.org/index.php?topic=733999.msg8295491#msg8295491

I don't know if that's part of the initial startegy, but that's a big drop, giving away 7000 to giving away 125. ( A 98% drop!) Maybe they're learning the hard way about giving away money for free but I'm not sure.

So I think if that's right in $ terms they're down to giving away $0.5  :)

wrong.  they receive 125 now then get more a few days later as there is a huge waiting list.  the stellar crew didn't expect this much sign ups in a span of a week.  they expected 10,000 sign ups in the first month, but it's already over 300,000 in a few days. 

they aim to distribute around 10 usd worth of STR per account.  so how much STR you get would depend on it's price on the market.

They can't give 300 000 people $10 worth of STR ($3 million) from a coin that's only worth $2.3 million so I think even those 1st week share-dropees are going to be waiting a while :)

200
General Discussion / Re: An opportunity to design the perfect economy.
« on: August 11, 2014, 11:19:47 pm »
Quote from: legendface66 on August 10, 2014, 04:18:52 am

I myself would start by introducing dilution of 2% per year.

Bring on the trolls with their torches and pitchforks!

I'm not a fan of inflation/dilution

Imo, forced inflation/dilution creates a misallocation of capital in whatever area it is directed and results in the funding of uncompetitive businesses/people & ultimately hurts those people and the others employed by them the most. Inflation also leads to a loss of purchasing power and decrease in the personal savings rate. (less incentive to save & if wages don't keep up with inflation have to dip into them too.)

Mild deflation leads to an increase in purchasing power and an increase in the personal savings rate as well as only competitive businesses or people being funded.

----

So an inflationary economy will experience a lot of booms and busts and a deflationary economy will be more stable imo

Looking at the 1929 crash, it came after the roaring 20's. A lot of uncompetitive and unsustainable businesses had been funded. Since 1913 and the creation of the federal reserve the US had an inflationary economy where workers experienced a loss of purchasing power and there was a decline in the personal savings rate.

So when a correction occurred...

The correction was big, lots of people found themselves out of work, this lead to a deflation, but without much savings the recently unemployed couldn't get by even with increased purchasing power, and those employed had little savings too, and had to use their wages to support themselves and the many unemployed. (So a painful crash and a long slow recovery.)

Had there been a mild deflation leading up the correction.

It would have been less severe as less unsustainable businesses would have been funded and therefore less people would have been out of work. Those that were out of work would have had greater personal savings which had now increased in purchasing power which would help them get by.  Those in work would have greater savings now increasing in purchasing power so would sooner have excess to re-invest and stimulate the economy. (So a less painful crash and a quicker recovery.)

 

201
General Discussion / Re: Bitshare's Tee's and hoodies, Open call to have YOUR DAC listed on the back
« on: August 11, 2014, 10:52:06 pm »
Quote from: Gentso1 on August 11, 2014, 08:04:27 pm
I envision everything from buying signature space, ad's on crypto blogs, give aways of shirts and swag(geared toward every demographic) and maybe even getting a couple of crypto celeb's to rock our gear so to speak(Adam,Andreas, Charles and even Vitalik).

That would be funny   :)

202
General Discussion / Re: BitShares DNS TLD Poll - Do you prefer BitShares.p2p or BitShares+ ?
« on: August 11, 2014, 10:43:09 pm »
I will edit the poll to reflect the underscore option

Edit: Done

203
General Discussion / Re: Stellar - not a fan, but a good case study for sharedrops
« on: August 11, 2014, 10:27:46 pm »
Quote from: Gentso1 on August 11, 2014, 09:59:20 pm
I won't invest in them but it is very cool to watch. Think they can break the top ten market cap by the end of NEXT month?

I doubt it. I think in the past, the way these sharedrops looked like they had a bit of promise was by Coinmarketcap listing the total supply of coins that would be released after all sharedrops and multiplying the shareprice like that. (So Ripple and Auroracoin had ludicrous valuations at a point.)

It looks like cmc.com is wise to that and is getting an accurate supply now though.

(I think Stellars only hope is to pretend (Scam) they have given away half a billion more but don't put them on the market or really crush the level of sharedrop they were originally intending.)

204
General Discussion / .p2p or a _com ?
« on: August 11, 2014, 10:22:07 pm »
1. BitShares DNS is launching with the TLD .p2p and may also offer TLD's like .own & .key

BitShares.p2p
Apple.own
Google.key

2. However it may also be technically possible to replace the dot '.' with something else like a '_' and then be able to offer the letters from ICANN domains such as _com too. Web addresses that end in just a _ will also be possible.

Apple_
Google_com
Wikipedia_org
Bitshares_p2p


Which of the two approaches do you prefer/you think would be more popular?


205
General Discussion / Re: Stellar - not a fan, but a good case study for sharedrops
« on: August 11, 2014, 09:49:14 pm »
Quote from: Gentso1 on August 11, 2014, 09:42:07 pm
I think it will work.I am not a fan of huge air drops but no one can deny freebies of any kind get you noticed.

I have been looking but cant seem to find what is the current $ value of there airdrop?

I saw this on BTT

Quote
They just created a demand for it, by giving out only 125 stellar now.
Initially they gave out 6900 stellar, for any new account(who would link fb and their emails), and created a distribution.
Now they give 125, creating a shortage, so there is a demand, and prices increase. They can now easily sell their premined stellar at high prices.

https://bitcointalk.org/index.php?topic=733999.msg8295491#msg8295491

I don't know if that's part of the initial startegy, but that's a big drop, giving away 7000 to giving away 125. ( A 98% drop!) Maybe they're learning the hard way about giving away money for free but I'm not sure.

So I think if that's right in $ terms they're down to giving away $0.5  :)

206
General Discussion / Stellar - not a fan, but a good case study for sharedrops
« on: August 11, 2014, 09:25:13 pm »
Many have been strong proponents of the large sharedrop type approaches that Stellar is attempting https://www.stellar.org/about/mandate/#Stellar_distribution

There has also been a lot of media hype and press around their launch and they also 'supposedly' got a $3 million injection for only 2% equity so they have some funds to work with.

They also have Jed McCaleb as a board member and co-founder of Dogecoin, Jackson Palmer as an advisor, among others, so if any team is capable of pulling this strategy off, it's probably these guys, https://www.stellar.org/about/

So now we have a front row seat to the type of sharedrop strategy some have been advocating.
Personally I'm not a fan of these approaches, but it's worth keeping an eye on, because if they succeed then we can learn things and apply them in future DAC's.

207
General Discussion / Re: Marketing Director, Brian Page, leaving Bitshares
« on: August 11, 2014, 09:15:55 pm »
On the glass half full side, things are improving, getting us listed on more exchanges is a positive step in the right direction https://bitsharestalk.org/index.php?topic=6868.0

Our first DAC, BitShares X is no 7 of all crypto-currencies and it was released less than a month ago and still doesn't even have full functionality.

Except for Darkcoin, we're talking about only being behind what I think of as the big 5,  Bitcoin, LiteCoin, Ripple, NXT and PeerCoin & all the spots up to no.3 can be taken VERY quickly.

That is a pretty good place to be at this stage.


 

208
General Discussion / Re: List of New Exchanges for BTSX
« on: August 11, 2014, 07:50:33 pm »
btc-e would be great, but hasn't added anyone for ages and yet they seem to keep 3 completely dead coins trading. I find that very weird. It's worth a try though. I would be interested in hearing what their response is, even if they say no.

Cryptsy is the other one that I think most people will have an account with. As for the others, the more the better.


209
General Discussion / Re: T-shirts/swag ideas
« on: August 11, 2014, 05:59:27 pm »
As I said in the other thread I think 'I killed the bank' is cool for a T-Shirt but I think it relates more to BitShares X.

For a general BitShares T-Shirt what about 'Can't Touch This!'

For a T, It's kind of fun - from the MC Hammer song, and implies BitShares is so good nothing comes close and that your shares are private and untouchable? Hmm then again MC Hammer did end up bankrupt... If I think of anything else, I'll add it.

https://www.youtube.com/watch?v=otCpCn0l4Wo

210
General Discussion / Re: Bitshare's Tee's and hoodies, Open call to have YOUR DAC listed on the back
« on: August 11, 2014, 05:22:51 pm »
 +5%

I think the quote 'I killed the bank' relates more to a BitShares X T-Shirt, than a general BitShares T-Shirt. (I like the quote font though but I would make it black.)

I like the back, but I would put BitShares X at the top and follow my vote last.



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