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Topics - luckybit

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136
General Discussion / Suggestions on GUI design and integration
« on: October 29, 2014, 07:26:59 pm »
Here are some GUI designs from a possible competitor:

https://www.youtube.com/watch?v=zeoB5y9zjLw&feature=youtu.beWhy
http://www.deepdotweb.com/wp-content/uploads/2014/10/2.png

Built in Chatrooms: Bitshares mail will not be good enough!

Notice the clever integration of the built in chatroom? That built in chatroom supports encrypted voice and video. It supports file sharing as well.

Notice the clever integration of news?

Notice the store? Address book?

Why not borrow their designs best elements and improve on them for Bitshares?

I think Bitshares will need to integrate chat functionality. It can go beyond email by implementing the Jabber protocol so that users can connect to all the mainstream instant messaging platforms including Googletalk.

Built in fundraising: The gift economy should be promoted within the user interface.

I also think we should integrate the gifting/donation fundraising directly into the GUI. When people load up Bitshares there should be a category (fundraisers) or something similar. In that category there should be different projects seeking fundraising such as Bitshares Music and there should be a way to donate BitUSD to those projects directly through the Bitshares interface.

This way the process can be streamlined, it can improve marketing, as it would be less keystrokes and clicks away for an individual  if it's built into the GUI vs if they have to go to a fundraising site. Network effects will make it where we might someday not need fundraising sites anymore and having it built into the GUI would allow eventually the Bitshares DAC to charge a fee to people who want to be listed in the GUI.

It may seem unorthodox as marketing but the less a person has to leave the Bitshares GUI the more sticky it becomes.

What do millennials like to do with their computers? Instant message? Chat? Video chat? Voice chat?

Most people don't use email anymore so while email is nice in theory it's a protocol people are moving away from. People are into Instant Message, Twitter, Video chat and Voice chat. People also like to check the news and if you could provide a news feed for all the Bitshares relevant information to be in one place I think it would be useful.

The idea is people should keep Bitshares open at all times. They should check that GUI for everything Bitshares related instead of checking this forum. There should be exclusive information channels to that specific application which don't exist outside of it.

137
General Discussion / Counterparty launches the Counterparty Foundation
« on: October 29, 2014, 04:59:01 am »
Quote
Fresh off the announcement of a new partnership with Overstock, Counterparty is announcing the founding of the Counterparty Foundation, a new non-profit organization. The Counterparty Foundation will be established with the help of Perkins Coie, a law firm that advises many cryptocurrency companies. The Counterparty Foundation will provide enhanced structure and services to the growing Counterparty ecosystem; something that Counterparty founders say has been a much-demanded feature.

https://www.cryptocoinsnews.com/overstocks-medici-partner-counterparty-announces-counterparty-foundation/

138
General Discussion / Blockchain citizenship, is it a good idea or crazy?
« on: October 29, 2014, 01:56:37 am »
How many people here view the blockchain as sovereign or think it should be sovereign?

140
http://bitshares.org/bitshares-the-platform/

I think overall it's well written but there are some very important changes which I thnik should be made.

Quote
BitShares takes the whole ecosystem into one DAC friendly free-trade zone with all the services that benefit from network effect already in place.

I suggest we remove "free-trade zone" and replace it with "contract-free zone" or "investor-free zone".  Otherwise you're setting yourself up.

The most critical problem phrase is this: "A built-in venture capital system where you can compete for start-up funds – democratically."

Self-funding system, or any phrase is probably better than to call it a venture capital system.

We should not call it "venture capital". The dictionary defines "venture capital" as :
Quote
Venture capital (VC) is financial capital provided to early-stage, high-potential, growth startup companies. The venture capital fund earns money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as biotechnology and IT.

This phrase attracts the SEC. At this point we do not know if the SEC is rational or politically motivated. If the SEC is politically motivated then this phrase leaves an unnecessary future opening for SEC interference. It should be made clear in all future blog posts and articles that investors are barred, banned, excluded, from the ecosystem and that all that can be exchanged are gifts, donations, etc.

If you call it a "venture capital fund" then even if its just a piece of software it doesn't mean regulators are smart enough to understand that. Remove all investors from the ecosystem and there is no possibility of anything being a security. This might take some explaining in some blog posts on gift economics but I think it would be a good time to make those explanations rather than stick with the old metaphors which are problematic even if you desire fundraising capability.


141
General Discussion / [DRAFT] Bitshares Cooperative Whitepaper v.01
« on: October 28, 2014, 02:42:53 am »
The Bitshares Cooperative



Purpose:


Structure:


Procedures:



What the Bitshares Cooperative may enable



Connecting Bitshares DACs under a legal umbrella:


Decentralized reputation and identity services:


Decentralized insurance services:


Decentralized financial services:


Rewarding loyal members


Dividends: In the form of profit sharing programs or gift cards which represent a certain percentage of the production. This aspect is novel but we can learn a lot by looking at Swarmcorp. Swarmcorp currently gifts swarm token holders with a percentage of Comiccoin gifts swarm token holders with a percentage of Comiccoin [/url]which can be redeemed for comic books. Members of a cooperative can receive Patronage Dividends which are cash amounts in proportion to what they purchased such as what is done in the GrangeCoop example. A primer on Patronage Dividends describes the concept as “membership is ownership”.

Vouchers:

Rebates: This could include conditional rebates where delegates act as oracles.

Stipends: (for developers)

Patronage Points: (generosity credits or reputation points)


Friends of Bitshares (partnerships)


Other cooperatives:

Corporations:

Governments:

Educational institutions:

Non-government organizations:

Non-profits:

High net worth individuals:


https://docs.google.com/document/d/14k4zKjt8rkY1I5aYFVSdxiDqyHofhAmo0VQfLzDyKkE/edit

Please contribute if you think it's a good idea. This thread is for discussing what should go in the whitepaper or for contributing to it.

142
For the traveler who might want to send money to their families?

BitUSD has an advantage here because it's cheap, it's fast, it's secure, and the user can be anywhere on planet earth.

You could be in China and send money home to your family in seconds. I think remittance is the 'killer app' of Bitshares X.

Any plan for that? If there is then it might make sense to get more currencies up and running. Which currencies are most popular for remittance?

Quote
The US has been the leading source of remittances globally in every year since 1983. Russia, Saudi Arabia, and Switzerland have been the next most significant senders of remittance since 2007.[15]
Asia[edit]

Overseas Chinese remittances
A majority of the remittances from the US have been directed to Asian countries like India (approx. 66 billion USD in 2011), China (approx. 57 billion USD), the Philippines (approx. 23 billion USD), Bangladesh (approx. 21.5 billion USD) and Pakistan (approx. 16 billion USD)[16] and (see here 1 2). Most of the remittances happen by the conventional channel of agents, like Western Union, Al Ansari Exchange,Xpress Money, UAE Exchange, Intel Express and MoneyGram. However, with the increasing relevance and reach of the Internet, online and mobile phone money transfers from companies such as Remit2India
https://en.wikipedia.org/wiki/Remittance#By_region

143
General Discussion / IRS can now seize any account for any reason.
« on: October 26, 2014, 01:56:57 am »
I'm sure Americans already knew the IRS has almost unlimited powers but if you didn't then read this:
Law Lets I.R.S. Seize Accounts on Suspicion, No Crime Required

http://www.nytimes.com/2014/10/26/us/law-lets-irs-seize-accounts-on-suspicion-no-crime-required.html?_r=0
Quote
ARNOLDS PARK, Iowa — For almost 40 years, Carole Hinders has dished out Mexican specialties at her modest cash-only restaurant. For just as long, she deposited the earnings at a small bank branch a block away — until last year, when two tax agents knocked on her door and informed her that they had seized her checking account, almost $33,000.

The Internal Revenue Service agents did not accuse Ms. Hinders of money laundering or cheating on her taxes — in fact, she has not been charged with any crime. Instead, the money was seized solely because she had deposited less than $10,000 at a time, which they viewed as an attempt to avoid triggering a required government report.
Anyone who has downloaded a Bitcoin or Bitshares wallet could be targeted if someone at the IRS feels like it at the moment they deposit money into a traditional bank account.


144
Muse/SoundDAC / Should Bitshares Music approach Kim Dot Com?
« on: October 24, 2014, 07:05:03 am »
Kim Dot Com might be a good person to partner with if you look into his background.

145
I think the sooner we do this the better off we'll be.

The Cog Cooperative shows us how to do it and I think we should structure a Bitshares Cooperative based on the Cog Cooperative.
Quote
How does this work?
The network effect. We’re all familiar with it. The internet, social media, and telephones are all networks at their core. As more members join the network, its value increases for all.

The same is true of COG. As COG’s numbers grow, its network becomes more valuable to advertisers. This revenue is then distributed in bitcoin to COG members. The more members in COG, the more revenue all members can potentially earn.

If we are going to have a SuperDAC then we should have a Bitshares Cooperative. Every shareholder would be a member of the Bitshares Cooperative. Decentralized reputation and trust, while also providing a legal entity for people to join.

If designed right people could join it pseudo-anonymously. Being in this entity would allow members to receive all sorts of revenue share benefits, and if the cooperative can own equity then the owners of the cooperative can as well.

Consider this idea and run it by your lawyers. I think a Bitshares Cooperative is a better institution than a bunch of separate non-profits or centralization around Invictus. A Bitshares Cooperative would basically represent the SuperDAC in the real world. It also would keep things decentralized  and pseudo-anonymous while allowing us to enjoy the full benefits of a decentralized reputation system.

Quote
COG is a cooperative that provides members with the best applications and services in the Bitcoin marketplace. COG members receive free access to world class Bitcoin applications, revenue sharing, and exclusive discounts with partner merchants.

Reference
Cog Cooperative: http://cogcoop.com/#/

146
Quote
CAMBRIDGE, MA–(Marketwired – Oct 20, 2014) — ID3 (Institute for Data Driven Design), a research nonprofit founded out of the MIT Media Lab, today teamed with nearly two dozen leading digital currency firms to announce the Windhover Principles, a new principles-based framework collaboratively written with public and private stakeholders to ensure secure personal identity, trust and access to shared open data on the Internet. Key advocacy and support was generated by DATA (Digital Asset Transfer Authority) in building the coalition.

The Windhover Principles are being implemented on an open source platform, foundationally based on ID3’s contribution of its Open Mustard Seed (OMS) software platform. As the cornerstone of the new principles and framework, ID3 announced support from a wide range of digital currency and Bitcoin-related companies and individuals: BitPay, BitReserve, Bitstamp, BTC.sx, Coinsetter, DATA, Delta, Epiphyte, Erik Voorhees, Hub Culture Group/Ven Currency, LaunchKey, Personal, Personal Black Box, Ripple Labs, SnapSwap, Swarm, Trefoil Labs, Vaurum, Xapo, ZipZap and 37coins.

The Windhover Principles for Digital Identity and Trust are deeply rooted in the belief that individuals should have control of their digital personal identities and personal data. Underlying this core value is the principle of ensuring innovation in trust and privacy. Concurrently, the industry group’s support of transparent, proportionate and risk-based regulation will allow stakeholders to meaningfully leverage new technologies for enhanced governance, auditing and enforcement needs. Implementation of the core Windhover Principles on the inclusive OMS open source platform as a sustainable industry step, paired with MIT-designed Living Labs, underscores a results-driven ethos supported by the group of companies and supporters.
https://idcubed.org/home_page_feature/21-top-bitcoin-digital-currency-companies-endorse-new-digital-framework-digital-identity-trust-open-data/

https://idcubed.org/

https://www.youtube.com/watch?v=O22acc48lKo

147
Quote
Alarmed that fewer than one-fourth of voters are showing up for municipal elections, the Los Angeles Ethics Commission voted Thursday to recommend that the City Council look at using cash prizes to lure a greater number of people to the polls.

On a 3-0 vote, the panel said it wanted City Council President Herb Wesson's Rules, Elections and Intergovernmental Relations Committee to seriously consider the use of financial incentives and a random drawing during its elections, possibly as soon as next year.

Depending on the source of city funds, the idea could require a ballot measure. Commissioners said they were unsure how big the prizes should be or how many should be offered, saying a pilot program should first be used to test the concept.

http://www.americanthinker.com/blog/2014/08/paying_people_to_vote_proposed_in_lo_angeles.html

It does not tell people who to vote for. It does not politically influence voters. It offers an incentive to get voters to cast a vote.

Is this legal? Is it ethical?

148
A gift economy is defined:

Quote
A gift economy, gift culture or gift exchange is a mode of exchange where valuables are not sold, but rather given without an explicit agreement for immediate or future rewards.[1] In contrast to a barter economy or a market economy, social norms and custom govern gift exchange, rather than an explicit exchange of goods or services for money or some other commodity.[2]


Since crowd funds, crowd sales, and similar mechanisms have legal issues a way around that is to form a gift economy and gift culture. This thread is about how a gift economy can be formed around Bitshares so that reputation and generosity combined with smart contract technical functionality can result in a system which resists fraud while providing rewards for those who give.

Gift economies are built around the concept of the non-market exchange. An example of one of the first P2P apps to make use of a gift economy can be found here: https://en.wikipedia.org/wiki/GiFT

Description:
Quote
A gift is the transfer of a good without an explicit specification of a quid
pro quo. The good can be a tangible thing or money, but it also can be
intangible, as in the form of time, attention, information or knowledge. A
present is a gift and so may be the attention that one person ‘gives’ another,
or the time that a person donates to an art institute as a volunteer. Usually
a gift entails reciprocity: the giver expects something in return for the gift
given. Friends expect friendly gestures in return for their friendly gestures;
donors expect some form of appreciation or another; and those who
give presents at Christmas expect to receive presents in return. The key to
understanding the phenomenon of the gift is the nature of the reciprocity
involved.


BitTorrent is also a gift economy if it's set up so that the more you share the more you can receive from others. There is no promise, no guarantee, nothing more than the value of reciprocity enforced by social cultural conditioning and source code. So it is possible to establish a social contract which tracks the donations a person makes to certain projects and then give them a reputation rating according to that reputation of being a "giver". The opposite reputation would be that of a "taker". Givers could be encouraged to give by being rewarded unexpectedly by other givers in the form of gifts.

Psychological details:

The psychology behind it is the psychology of the variable ratio reward schedule. This mechanism would socially condition all participants into becoming "givers" over time rather than "takers" because the consequences of being a giver would reveal that "givers" have a higher probability of winning.

Quote
In sociology, social capital is the expected collective or economic benefits derived from the preferential treatment and cooperation between individuals and groups.
https://en.wikipedia.org/wiki/Social_capital

Technical mechanisms of enforcement:

Reciprocity could also be enforced in smart contracts which reward "givers" more than "takers" anonymously. Smart contracts could figure out how to regulate in favor of promoting reciprocity without any "investors" or promises made by any human beings. Just as in Bitcoin miners just expect that the reward schedule is determined by math, with smart contracts it could be something similar but the reward could be designed to go to whoever donated the most to specific charities, entities, or groups of individuals.

If it is a charity it would require that developers of DACs form non-profits from now own. Invictus could become an NGO. The NGO would be staffed by volunteers but those volunteers could be given gifts, perks, discounts, vouchers, etc so that it becomes a coveted role.

I was encouraged to think about this by Stan, Bytemaster, and by the individuals in the community who have been concerned about the actions of the SEC. Rather than let the SEC dictate free speech it would be better to simply stop thinking of DACs as "corporations", to stop having "crowd sales" "crowd funds" or anything like this, and to accept that all donations as well as the possible rewards in consequences are gifts. This means not every donation would result in a gift reward but since it's good for anyone's reputation to return a favor to a friend it would end up resulting in positive outcomes in situations where everyone is honest.

DACs probably could best be called decentralized autonomous cooperatives. The organizations which build them could be non-profits or NGOs. The individuals who participate in them could be "friends" and the network a F2F network with decentralized identity and reputation for security.

149
Quote
Peter Todd
‏@petertoddbtc
Regulators would be smart to shutdown Counterparty, a non-IPO'd currency req'd for tech reasons, and force the insecure 2-way-peg sidechains
Quote
Peter Todd ‏@petertoddbtc  5h5 hours ago
@coolbearcjs Rumour is that the SEC and others will be fining/maybe even jailing many players in the BTC crowd funded space.

https://twitter.com/petertoddbtc/status/524947758528999424

150
General Discussion / Sidechains paper released: The end of altcoins?
« on: October 22, 2014, 05:24:47 pm »
http://www.blockstream.com/sidechains.pdf

This paper could be why the Bitshares technology may be merging.  The community divided is less competitive.

Personally I would have done the merger different. I proposed some merger ideas between the Bitshares community and other Proof of Stake communities. However it does make sense to unit DPoS over time as long as it does not hurt the investors of class 2013 and class 2014.

Stakeholder analysis is important and should be conducted prior to crypto mergers. The crypto-merger process is a way to unite stakeholders around a technology.

If you don't like how Bytemaster conducted this crypto-merger and you think you could do better there will be many opportunities for DPoS chains to merge with altcoins. In fact any third party DAC can do a sharedrop on any altcoin which agrees to sharedrop on it, and the vesting period could be set to a variable interval schedule so that no one can dump the price.


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