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Messages - Rune

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1081
General Discussion / Re: Is the marketing execution in English happening?
« on: October 09, 2014, 09:36:56 pm »
Quote from: inarizushi on October 09, 2014, 09:07:24 pm
It's crazy how so many people here have no patience at all. If you believe in the superiority of bitshares technology, why the hell are you losing your mind over nubits or overstock ? They won't reach billions overnight.

The marketing plan sketched in the dev hangout seems brilliant. We've been told countless times that we need to wait for 1.0 + direct buy from USD.

No one knows if critical mass will go to the best technology, or simply the first okay technology that doesn't fuck up. Network effect, baby. One of the sad things we will see is probably that nubits will be implemented and gain widespread use on OB before bitUSD. OB airdrop and marketing is something that has to be done within a certain time to ensure bitUSD becomes widely used there, IMO, since decentralized trustless trade is really where a decentralized peg is the most useful, and OB looks as if it will be "it" regarding decentralized trade.

1082
General Discussion / Idea for a better tipbot leveraging TITAN
« on: October 09, 2014, 07:49:17 pm »
Tipping on reddit is fun, but it's annoying to have to either receive a tip, or sign up for changetip and fund it yourself first. Usually when you see something tip worthy, you just want to send the tip right away.

What if you wanted to tip trolldude2014, you could just send a TITAN transaction to reddittip with the memo "trolldude2014", and he would then get a PM asking him to reply with his account key or TITAN name in order to get the transaction to his wallet instantly?


The drawback would be that we wouldn't see the tipping actually happening in the thread. This could be solved by having the memo contain two usernames, first the guy you want to tip, seperate by space, and then your own username. The bot will then search your posts to see if you mentioned it anywhere, with /u/btsxtip or /u/usdtip or something like that (depending on the bots name). If it finds you have mentioned its name in a post, it will then make the changetip style message in response to your latest post mentioning it, and also tell the tip recipient which post you got tipped for. Once you have told the bot your name once, it will always know to look for your reddit posts whenever you tip anyone afterwards.

The perfect system would be if it was possible to send to an arbitrary subaccount of the reddittip TITAN name, so you could just send 2 bitusd to trolldude2014.reddittip without having to write a memo, but I guess this isn't possible. Another thing is to be able to paste the comment permalink into the memo so you can tip anonymously while still showing the tip message.

You can even send the tip, then make the post saying you sent the tip afterwards with the /u/usdtip, as long as you used your own username in the memo, or used it at an earlier time so the bot knows you, then the bot would recognize you and post the tip message.

Of course the entire system should also work the standard changetip way, and it should be possible to tip bitusd directly with a changetip command the standard way. Registering your TITAN name through reddit should also be possible so you dont have to write two names in the memo field even once.

Would be great to see "supdudelol9001 just tipped you $2.00 (2.0123 bitUSD)" on reddit.

1083
General Discussion / Re: Yield with deflationary supply tokens and yield accumulator
« on: October 09, 2014, 05:20:36 pm »
Quote from: drltc on October 07, 2014, 09:55:52 pm
Quote from: Rune on October 07, 2014, 07:36:36 pm
As long as it is possible to extract from the reserve fund in some way, no matter how difficult, you can bet that the reserve fund will be empty at all times and that regular people will never get any yield.

You're thinking the system has no "memory" of how much yield has been claimed by a given BitUSD balance.  So immediately after a claim the same BitUSD could claim the same amount.  In other words, a user's equity in the fund is proportional to their BitUSD.

This is not the case -- the system does such have such a "memory"!  A user's equity in the fund is proportional to the amount of BitUSD they have, times a yield factor.  The yield factor starts at zero for new BitUSD, then increases over time -- but it resets to zero when yield is claimed or the balance moves. 

You might object "But this means different BitUSD are not totally fungible against each other!  Old balances are now more valuable than young balances!"  And this objection would be correct.  This was my objection to an earlier version of the yield proposal, where the yield factor's trajectory bent much more sharply.  You could in theory have a BitUSD "bank" that holds BitUSD in its vaults and tries very hard to keep moving it.  Then two depositors of the bank would be able to exchange value by writing checks; depositing a check would change the balance of both users' accounts, but the BitUSD in the vaults would not move.  The system could be economically profitable for both the bank and its depositors; they'd split the increased yield.  This is still theoretically possible with the current implementation, but I don't think it would be profitable enough to justify its running costs.

The reason we need to have the yield factor increase non-linearly is because they decided automatic compounding of interest was too hard to implement.  I told them exactly how to do it, but they still don't want to implement any of the algorithms I suggested.  Absent automatic compounding, people would try to do "manual compounding" which leads to spamming the network with tons of send-to-self transactions.  A yield curve that gives better returns than manual compounding prevents this.  I believe Agent86 may have done a more detailed analysis, but I'm not going to go looking for the post right now.

The problem is that this system still gives an  unfair distribution, and will result in lower yield to the average person and higher yield to the bots. I detected some problems with my supply token proposal here also, though, so I guess the perfect solution isn't there yet. Luckily the delegate system of btsx allows for easy upgrading and hardforking later, when a better solution is found.

1084
General Discussion / Re: My bitsharesx educational video... please upvote
« on: October 09, 2014, 05:13:00 pm »
Quote from: bitmarket on October 09, 2014, 02:07:06 am
Bummer.... That was a shit ton of work for 250 views.

I think 2 reasons.

1.  I appealed to the hive mind a touch too much.   I will be slightly more controversial next time.
2. The hedge topic was not as high on peoples priorities as I thought.

If I could ask a favor though.  As a plan B for the next time I fuck up(and there will be more) if people could maintain a reddit account and vote on shit from time to time (to keep your account in good order), so we can guarantee vids promoting btsx get front paged that would be tremendously helpful.   The difference between front page reddit and not is about 10,000 views.   We got 17 upvotes and it takes 20-25 to go front page.... so close and yet so far.

Your video last video (i think) about DPOS made me invest considerably into bitshares (and unfortunately instantly lose a staggering amount of money due to this recent downturn :P). You should definitely keep it up.

1085
General Discussion / Re: DAC Personality?
« on: October 09, 2014, 05:03:56 pm »
How X could be represented:



I'd say any graphic representiation of a robot could be X, the nature of BTSX is that they're able to convert themselves into all kinds of currencies, so it can have any robot shape it wants. Different colors schemes could represent different currencies such as blue = BTSX, green = bitUSD, red = bitCNY, orange = bitBTC, etc.

The distinguishing feature could be the "weapon"/symbol as it is for greek gods. In the case of X the symbol could be a giant flag with an X on it, just like the linkin park bot. I think X is the best name for the bot since it makes it possible for the Chinese members of the community to understand the name.

I disagree that the avatar should not be doing anything. The whole point is to have a way for the community to connect with the blockchain, and to make it into something that people care about for more than just the profit. We need all kinds of artwork and ways to represent it in different situations. My wet dream is an end user wallet with a clipper style mascot that then transforms itself into different colours whenever you execute a market order, that would make an excellent wallet to use for microtransactions in games by the younger demographic.

The existence of this avatar would increase the emotional investment into the system, and would thus increase engagement from the average user into community things such as voting.

1086
General Discussion / Re: DAC Personality?
« on: October 09, 2014, 01:23:25 pm »
Quote from: davidpbrown on October 09, 2014, 12:47:09 pm
and obviously, don't forget Godesses too!..

Incidentally, I would suggest avoid looking to pick a fight.. there's too much petty infighting between some crypto supporters, that only pushes people away. Best to rise above conflict and just focus on the positives.

True, and an "exchange robot" doesn't really have the capability to fight. Anyway, I realized that there are already precedents for these avatars. Bitcoin has the bitcoin wizard, and doge has the doge. It would be interesting to see imaginary interactions between these different avatars, that would also help foster a shared community across all cryptos.

1087
General Discussion / Re: DAC Personality?
« on: October 09, 2014, 12:40:48 pm »
Quote from: davidpbrown on October 09, 2014, 12:12:56 pm
I hadn't in mind Gods as I have an aversion to religions but it perhaps does fit here. DAC's being dieties would avoid the need for them to have a personality that was available to interact with. Would be like the Greek gods of old.. us mear mortals just suffer their power and idiosyncratic characters.

If you follow the bitcoin subreddit, imagine the "epic bearwhale fight" painting, with the BTSX-robot or another anthro-blockchain fighting instead of the bitcoin warrior. It'd be like the Hercules artworks of ancient Greece.

Seriously, it would be absolutely amazing marketing to have this kind of symbolism - like a slightly more serious version of dogecoin. I'm gonna put some more thought into how this should actually be executed.

1088
General Discussion / Re: Poloniex not Honoring DNS???
« on: October 09, 2014, 12:10:21 pm »
Quote from: tbkmcjl on October 08, 2014, 06:40:10 am
Quote from: theFu.. on October 08, 2014, 06:30:29 am
Quote from: donkeypong on October 08, 2014, 06:11:03 am
I'm thankful Poloniex has supported some of the BitShares stuff before. But I and others have had numerous problems withdrawing crypto there in the past. Sorry, but I would not trade any serious amounts on Poloniex.

agreed.  However there are not really many "good" centralized exchanges either way...

Bter BTC38 are traditional.

There‘s one more Chinese exchange in the process,but it hasn't provided English page yet.
One of the investor of this exchange is the same on who funded Bitshares and I3 -----Li Xiaolai.
It's going to grow and maybe provide English page too ...wait for it...
The experience is even better than BTer and BTC38,you can actually deposit BTSX within 10 Seconds without delay.

Link?

1089
General Discussion / Re: DAC Personality?
« on: October 09, 2014, 11:34:09 am »
This actually resonates with some of the ideas I have had for growing a healthy political/voting culture in the community of stakeholders as well. There's needs to be a specific DAC culture that reflects it is more than just a company or a coin. Crypto communities have this trait of being extremely zealous of their chosen brand, and also deifying people or ideas. In Bitcoin we've seen this deification particularly well with Satoshi, due to his anonymous nature. He is consistently seen as the highest authority on any question that has to do with blockchain technology, with every developer or bitcoin celebrity appealing to his authority.

In the bitshares community, rather than have our "God" be the developers, it could be the system itself. One of the interesting things with the DPOS system is that it actually becomes possible for the DAC itself to take on certain anthropomorphic traits, such as the ability to have persistent opinions about certain subject due to persistent delegate voting habits of stakeholders, especially the early whales.

I imagine that the virtual robot avatar of our blockchain God would name himself X, the Exchanger, given what this DAC is about. If we can't change it, we'll have to leverage the stupid x in the btsx name somehow and this would make sense.

1090
General Discussion / Re: Is the marketing execution in English happening?
« on: October 08, 2014, 05:15:44 pm »
Quote from: sschechter on October 08, 2014, 03:38:54 pm
Quote from: Rune on October 08, 2014, 12:22:04 pm
The client is currently slow and buggy with lots of UI issues and in general just gives a bad user experience. There is no mobile client, no blockchain.info style web wallet, also no easy way to create paper wallets (bitaddress.org style).

I don't think marketing should start until all these things have been created and polished.


 +5%

But knowing what I know about this team, they can't be oblivious to all these things.  Instead, I think they've got a few tricks up their sleeve.  Will the marketing push coincide with the release of the new BitSapphire wallet?

That would make perfect sense. The community should be ready to do its part once it comes to that

1091
General Discussion / Re: Can explanation of BitUSD be simplified?
« on: October 08, 2014, 01:05:56 pm »
Quote from: MeTHoDx on October 08, 2014, 12:25:02 pm
Quote from: Empirical1.1 on October 08, 2014, 11:25:09 am
I agree we need a simple BitUSD explanation.

Currently the BitUSD on coinmarketcap links to the market peg wiki http://wiki.bitshares.org/index.php/Market_Peg  but I think it should link to a webpage that looks more like the 'How Can NuBits be used' part of this webpage, https://nubits.com/ but that also describes briefly and clearly how BitUSD is backed. Hmm and maybe even very briefly why other systems like NuBits are a ponzi. 

Edit: Maybe besides a download wallet also a buy BitUSD link that takes you to bter BitUSD trading page? (Once we add more liquidity to it of course.)

Also would be great if it was in the form of a graphic we could just post on forums etc. too.

I'm working on a simple explanation site similar to NuBits. Will be done this week.

What I would love to see would be a blockchain.info style wallet service and short introduction at bitusd.com or bitusd.info. Just checked both domains and they are parked.

1092
General Discussion / Re: Is the marketing execution in English happening?
« on: October 08, 2014, 12:22:04 pm »
The client is currently slow and buggy with lots of UI issues and in general just gives a bad user experience. There is no mobile client, no blockchain.info style web wallet, also no easy way to create paper wallets (bitaddress.org style).

I don't think marketing should start until all these things have been created and polished.

DPOS and bitUSD are currently the best product concepts in the crypto industry, but the implementation and the packaging are not finished. I have faith that the developers will improve them over the next few months, and personally I expect a January "launch" (with no real evidence to back this up).

If there's one thing I'm a bit disappointed with, it's how the bitshares community/ecosystem is currently spread out over tonnes of different products and DACS. In the short term the top priority should really be to perfect the bitUSD user experience. It's the killer app and if it takes off then the future of all bitshares DACS will be secured.

1093
General Discussion / Re: interest on bitUSD held
« on: October 07, 2014, 08:01:04 pm »
@Arhag, I think decoupling voting and shares would damage security as it would allow for easy vote trading. Like it has already been said then forcing people to vote doesnt really help, as they will just vote randomly or for the incumbents. The best way to encourage voting, in my opinion, is to have foster a strong voting culture in the community. I have some specific ideas for how this can be achieved from a socialogical viewpoint, that I will post here one day.

Btw, returning to the original topic, it would be cool if people could check out my proposal for what I think is a superior yield distribution system that I describe here:

https://bitsharestalk.org/index.php?topic=9786.0

The main idea is to use deflationary supply tokens as the network "back end" token, and then burn them when shorts pay interest, and use a variable called the yield accumulator to adjust all bitUSD amounts to the post-yield value, which can be calculated locally in the client.

1094
General Discussion / Re: Yield with deflationary supply tokens and yield accumulator
« on: October 07, 2014, 07:36:36 pm »
Quote from: xeroc on October 07, 2014, 07:18:46 pm
Quote from: Rune on October 07, 2014, 07:16:28 pm
That means you can repeatedly buy and sell a bitAsset in order to deplete the reserve fund entirely? Surely that is not how it currently works...
Sure .. it's 'not exactly' that easy .. just can't find BM's detailed explanation about the implementation

As long as it is possible to extract from the reserve fund in some way, no matter how difficult, you can bet that the reserve fund will be empty at all times and that regular people will never get any yield. Sending out yield to every asset holder every time a short is covered is the only way I can see that would allow normal people to gain yield. The other option being my proposal in this thread.

1095
General Discussion / Re: Yield with deflationary supply tokens and yield accumulator
« on: October 07, 2014, 07:16:28 pm »
Quote from: xeroc on October 07, 2014, 06:50:41 pm
Quote from: Rune on October 07, 2014, 02:09:56 pm
Rather than distributing yield in some hack way that doesn't pay every bitAsset holder equally, I believe a more graceful method is to simply use the same kind of system that delegates use to pay "dividends" to BTSX holders: by burning supply.
You lost me here already.

Why is the yield not payed equally? It's payed into the reserve fund and whatever percentage of bitUSD you hold (i.e. move) the same percentage you will be able to withdraw from the reserves ..

That means you can repeatedly buy and sell a bitAsset in order to deplete the reserve fund entirely? Surely that is not how it currently works...

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