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Messages - luckybit

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121
General Discussion / Re: BitShares Dice FBA
« on: December 13, 2015, 06:50:17 pm »
Millions of Features, Features for Me!

There are far too many opportunities out there and prioritizing new features for BitShares becomes very challenging. 
Profit is perhaps the most important means of prioritizing.

So I would like to take some time to outline a plan I am devising for getting features lined up and prioritized based upon the concept of Fee Backed Assets (FBA). 

5. Gambling Systems


In terms of profit potential blockchain based dice would the most investable FBA imo.

Quote
After you deposit bitcoins into Just Dice you have the option to invest all or part of your balance in the house bank. Just Dice takes 10% of the profit and distributes 90% to the investors in real time, every players losing bet makes your investment go up instantly!

Every players winning bet makes your investment go down but the odds are always in your favour and no one could ever send the house broke because the maximum profit per bet is 0.05% of the house bank.

Never has a feature that allows anybody in the world to put themselves at an advantageous position in a gambling operation been offered. That is normally reserved for those rich and politically connected enough to own a gambling operation or for the investor class with barriers to entry that preclude most of the world’s population.

On average your investment will increase 0.9% as often as the house bank is turned over. For example at the moment the house bank is ฿42,500 so every time that amount is wagered by users the site should make on average 1% profit with 0.9% of that going to investors. The house bank turns over approximately every 14 days on average! I first invested in Just Dice 3 months ago and the investment I made has risen 22.5% since then. So far the site has paid out ฿18,000 to investors.

The only risks are government seizure and shut down and hackers or the site operators disappearing with the money. This is sincerely the best passive investment I have ever found.

http://www.bitroll.co/just-dice-a-gambling-investment-revolution/

Unfortunately centralized sites are more prone to closures or hit and runs...

http://www.bitroll.co/just-dice-closes-due-to-canadian-bitcoin-regulations/

JustDice's bankroll was >  ฿50,000 (Double the CAP of BTS) & from the above, appeared to be making >$300 000 profit a month.

Mixing gambling into a decentralized exchange will KILL BITSHARES for China and ruin Bitshares for a lot of people. I would say due to the regulatory and legal ramifications the risks of adding gambling to Bitshares is both unnecessary and exceeds any possible benefit.

If you add gambling to Btishares in as a primary feature then the whole network could be seen as a pyramid scheme, like MMM, which could result in it being banned in China and Russia. It could also make Bitshares very unpopular in the United States.

I would prefer to see cannabis commodities and assets than to see blatant gambling because it only will take away from the legitimate features like prediction markets. If someone does want to do a dice type feature why not just make it external to Bitshares or use DAC Play?

122
Random Discussion / Re: (Poll) Does a Town Need Roads? Yes/No?
« on: December 12, 2015, 10:10:17 pm »
I'm against a road in its current form.

- Bad image
Investors / entrepreneurs coming to our town will come here and see a Billboard along the road saying Sex Shop, Liquor Store, Fireworks off exit 72...
Though many plan to use the roads to ship genuinely valuable and needed goods, some people ship illegal products using roads.

- Derailing
Used to promote businesses that no longer are considered by some as viable....

Aren't we supposed to be for free speech? What happened to this place?

123
Meta / Re: [POLL] Tipbot Yes/No
« on: December 12, 2015, 10:08:08 pm »
I can't believe a "free speech" forum is discussing censorship?!

No to censorship. Ban children from the forum instead.

124
General Discussion / Re: Sharebot Use Case: Faction Tokens
« on: December 12, 2015, 09:59:02 pm »
Above are 5 innovations JUST IN THE PAST 3 weeks....that have come from a sharebot that is STILL in Open Beta phase.  Will all of them work?  probably not.  But one thing is for certain:  if this "stupid" bot hadn't been built our community wouldn't have even thought about these ideas..

So let me ask everyone exactly what the point to all this complaining really is?

Some people probably believe punishment is a good form of reinforcement. Too much punishment only seems to make the person on the receiving end spiteful and in my opinion there is no evidence that it improves productivity or creativity.

Punishment on people who mean well can be seen as a "psychic tax". As we know with fees and other kinds of taxes, most people don't like them.

125
General Discussion / Re: Sharebot Use Case: Faction Tokens
« on: December 12, 2015, 09:14:33 pm »
Yet one more use case out of a nearly inexhaustible supply of them for the ShareBot is that of Faction Tokens. 

An individual or group of individuals could create a common token that represents something they believe in.  We could have Libertarians, Republicans, Democrats for instance, and could pass them out to individuals who identify as a member of that faction by completing political tasks for their chosen faction. 

The ShareBot would allow a transparent means of showing the active distribution of these tokens and those who participate in certain faction initiatives could very easily post all distribution openly in the initiative's primary thread along with the individuals to receive them.  This would provide yet another layer of transparency in each initiative as well as provide a real level of trust for those who are in the faction that they are not being underpaid compared to others. 

This is such an amazing use case that I was not going to open up until later...but seeing as the bot and its creators seemingly get attacked every week, I figured I'd show people who are not quite there yet in the vision just a taste of what is possible with this tool.
  +5% +5% +5%

126
General Discussion / Re: Millions of Features, Features for Me!
« on: December 12, 2015, 01:12:14 pm »
@bytemaster what you've done is recreated an innovation game called "Buy a Feature".

http://www.innovationgames.com/buy-a-feature/

http://www.uxforthemasses.com/buy-the-feature/

Wow! Did you run across that before or after this thread came up?

I've been talking about gamification and innovation games since many months ago. I've got a lot of posts and sent many PMs.

127
General Discussion / Re: Millions of Features, Features for Me!
« on: December 12, 2015, 03:25:17 am »
So if Mr. Duke has 100,000 BTS to wager and Mr. Valentine has 100 BTS to wager, it is the Mr. Dukes of the world who will control the agenda. This sounds like pay to play. Am I mistaken?

Definitely not "Pay to Play". It's actually an innovation game called "Buy a Feature".
Buy a Feature is classified as an innovation game. There is a lot of literature and examples which Bytemaster and others can learn from. We might be able to implement these innovation games into everything and not just FBA.

For example if people could use the market to signal demand for certain features, or like or dislike levels, it could improve the UX. It's basically a way to help developers to prioritize new ideas and develop only features which people really want.

Quote
THE GAME
Buy A FeatureCreate a list of potential features and provide each with a price. Just like for a real product, the price can be based on development costs, customer value, or something else. Although the price can be the actual cost you intend to charge for the feature, this is usually not required. Customers buy features that they want in the next release of your product using play money you give them. Make certain that some features are priced high enough that no one customer can buy them. Encourage customers to pool their money to buy especially important and/or expensive features. This will help motivate negotiations between customers as to which features are most important.

This game works best with four to seven customers in a group, so that you can create more opportunities for customers to pool their money through negotiating.


https://en.wikipedia.org/wiki/Innovation_game

128
General Discussion / Re: Millions of Features, Features for Me!
« on: December 12, 2015, 03:17:46 am »
@bytemaster what you've done is recreated an innovation game called "Buy a Feature".

http://www.innovationgames.com/buy-a-feature/

http://www.uxforthemasses.com/buy-the-feature/

129
The only way to bring this into bitshares (which makes any sense) is to do nothing and wait for proper anonymity to be implemented in bitshares transactions. Then you just send a memo and you're done.

But does it scale? How much data is contained in a memo?

If it doesn't scale, then bitshares doesn't scale either.

Is there any possible way that any MITM attack can happen? Can anyone find out who is sending messages to who, or who is checking their messages and when? Encryption doesn't go far enough.

130
The only way to bring this into bitshares (which makes any sense) is to do nothing and wait for proper anonymity to be implemented in bitshares transactions. Then you just send a memo and you're done.

But does it scale? How much data is contained in a memo?

131
Help how? Just write something up?
In what format? It has to be a full prospectus?

132
The final destination for all mail would be the blockchain

You need to read the paper more carefully -- you're no longer talking about Vuvuzela, but some hypothetical blockchain-based system that does things differently than Vuvuzela.  Vuvuzela's critical contribution is that it's scalable because it doesn't broadcast messages.  If you put messages on the blockchain, you're not only broadcasting them (which is more expensive than the way Vuvuzela does it) but requiring the broadcast nodes to archive them (broadcasting and archiving is even more expensive than broadcasting).

OP idea doesn't really specify how Vuvuzela protocol would interact with the blockchain or what would give the asset any value.

It's all up for discussion. I do think it can be monetized via the Internet of things but I don't know if it would have to be done over Bitshares or over a DAG like Iota.

133
Using the "drop box" approach does not solve the "routing" problem unless you use the same drop box over and over.  In which case the problem can be described as:

How do I put information "X" into public mailbox "Y" without anyone knowing I was the one putting the message there. 
A second question is how do I check mailbox "Y" without anyone knowing I am the one checking it.

The solution is for me to put my message in an envelope, then put the envelope inside another envelope, and lastly put that inside yet another envelope.  I then mail the message, the first recipient opens it and "re-mails it", the second recipient does the same. This is how remailing works in the physical world (where it is grey market / illegal).   

The only difference here is that the remailer batches messages and then adds bogus messages into the mix.  This means that second remailer cannot correlate inputs to the source with outputs. 

The final destination for all mail would be the blockchain which is replicated in such a manner that users can check their mail without revealing which mailbox they are looking at.

The challenges posed by this protocol include:
1. How do the remailers get paid?
2. How is payment made in such a way that doesn't compromise the intended goal?
3. How do you verify the remailer doesn't just drop your message after taking payment?
4. What size should every message be, they must all be the same size or patterns can be detected / correlated.

Lastly, and most significantly, how much does this degrade the user experience? If it degrades it much at all then your target audience is greatly reduced. 

In fact, I would argue that BitMessage is already sufficient for this market (with a better UI perhaps).

Bitmessage is decent but it doesn't use the Bitshares blockchain. Bitmessage is funded on the donation model.

You of course could use something very similar to Bitmessage but could it work over Bitshares?
Anyway
http://blog.acolyer.org/2015/10/23/vuvuzela-scalable-private-messaging-resistant-to-traffic-analysis/

134
Why is this better than the memo encryption we have in bitshares right now?
How would memo encryption prevent someone with an ability to analyze traffic to see who you're sending messages to? Could your ISP see it? Could anyone see it?

Memo encryption while I don't have the details on it, if it's just encryption then it's not going to be enough. It's not just important that you're encrypted but more that you're immune to all forms of analysis.  If it's not possible to know who sent or received what then you're far more secure. Alice and Bob would need to be able to communicate in the dead drop method where no one can link Alice to Bob.

And this would also be something which can be a mainstream app which is completely separate from financial services or anything like that. It would be for people who need secure communications and who are willing to pay for privacy through micropayments. In theory perhaps it could be built into websites or be an app on mobile phones, with no link to Bitshares at all but which would still provide fees to the network.

If you know a lot about encrypted memos, your knowledge could be useful to design something far better than that. The goal is to be the "Most Secure Messaging On Earth".  There are a lot of different technologies to review and research such as DTNs (disruption tolerant networking), which can actually integrate into an Internet of Things, so that by paying micropayments to various things your messages can be relayed like how a DTN would do it.

Of course all of this would depend on how much of a budget there is, and if it's a FBA then if it's a very popular feature it would pay for itself and have enough of a budget so that it literally can evolve into the "Most Secure Messaging On Earth".

135
If enough people think this is a good idea, I would also say, while Vuvuzela is pretty good in that it is statistically secure, the Graphene technology allows for so much more. How can we go far beyond what they did while also making sure it's not too expensive for developers to build?

The goal should be to create the Marketing -> "Most Secure Messaging On Earth" <- Marketing.

And to do that we will have to use a technique of "idea mining".  If you think this idea is good, and you've read the white paper, and you're familiar with cryptography and the academic literature behind secure communications, then you're recruited to improve on the breakthroughs of Vuvuzela with any ideas or breakthroughs you can find.

I'm asking for a crowdsourced research project to use this thread as a home base. This way the best ideas can be in one place for developers if this ever becomes an FBA backed technology.


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