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Messages - luckybit

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91
Bitshares has no marketing and Metaexchange + Open Ledger aren't putting any effort into it. I see no ads on Reddit, Coinmarketcap, or anywhere really except for the Daily Decrypt.

Here is a community demanding to have their Altcoin on Bitshares:

https://bitcointalk.org/index.php?topic=233997.6520;topicseen

Yet they didn't even know Open Ledger was decentralized because there is a misconception that Bitshares is centralized. Apparently that misconception is so strong that people would rather use truly centralized exchanges like Poloniex and Cryptsy even when they begin to break.

92
General Discussion / Re: Bitshares price discussion
« on: December 21, 2015, 03:32:55 am »
Btc? $200ish
0.00000375

I mean BTS

It's possible we could see half that in early 2016.

93
General Discussion / Re: global hiring initiative
« on: December 21, 2015, 03:01:00 am »
Jr. developers? Unlikely.
Also you need to translate that into multiple languages. Then you need to put it up on the freelance sites.

94
General Discussion / Re: What is the goal of Plasma?
« on: December 20, 2015, 08:45:05 am »
"Blockchain technology is something that's very expensive to implement today. The goal of Plasma is to reduce the cost of implementing it so that anyone who knows JavaScript can create a fully functional cryptocurrency complete with user interface in one page of code. This is one page of code that can sit on your monitor at one time, it's like a complete cryptocurrency. You can transfer it, you can do everything you can do with Bitcoin, minus the scripting, but transfer from key to key balances. And you can implement all that knowing only Javascript and without knowing any cryptography. That's the goal of Plasma." - Dan Larimer

Tweet it : https://twitter.com/News_BitShares/status/678264103119355904

Plasma is just another Eris.
https://erisindustries.com/

I think Plasma is being made to impress banks and big companies like Amazon who might feel threatened by true decentralization. It's slightly more secure yeah, but it's not as resilient and resilience is the whole point.

How isn't it as resilient?

It relies on DNS and servers. Neither of which are immune to being shut down. Availability is attackable from what I understand.

To make it resiliant you cannot have any central points of failure. The website, the DNS, and the corporation itself with it's traditional structure, are all points of failure. Eris and Plasma seem to be designed for people who want to cautiously try out blockchain technology without becoming a DAO, DCO or DAC. It's for banking institutions who want to experiment with blockchain technology, without touching Bitshares.

Basically, they like the buzzwords, they like "blockchain", but they don't like the people or community associated with it. They want to basically have the people be their gated community of employees but that right there is centralization and also a high barrier to entry. It assumes they can trust their employees or that somehow an employee is more trustworthy than a crowd sourced miner but the truth is that is not necessarily the case.

The whole point is trust minimization and if you're trusting your employees then not much has changed in terms of resilience. You do get some security benefits but without the resilience it's just a private blockchain which is only as secure as the company itself. I'd say, in some ways having private corporate chains affords more security, but in other cases less, but in most cases it's less resilient.

95
The Bitshares community needs stock artwork. Maybe your UIA could be a UIA where people buy it from you to fund your initial artwork. Once funded then they can send the UIA back to you to be redeemed for future artwork. Self issued credit, just redeem your tokens and deliver on your promises.

For example there are a lot of DACs based on Bitshares which will need art. A lot of blockchains, a lot of interface logos and designs, etc. In addition there could be a need for all sorts of websites and more.


96
General Discussion / Re: What is the goal of Plasma?
« on: December 19, 2015, 06:50:16 pm »
"Blockchain technology is something that's very expensive to implement today. The goal of Plasma is to reduce the cost of implementing it so that anyone who knows JavaScript can create a fully functional cryptocurrency complete with user interface in one page of code. This is one page of code that can sit on your monitor at one time, it's like a complete cryptocurrency. You can transfer it, you can do everything you can do with Bitcoin, minus the scripting, but transfer from key to key balances. And you can implement all that knowing only Javascript and without knowing any cryptography. That's the goal of Plasma." - Dan Larimer

Tweet it : https://twitter.com/News_BitShares/status/678264103119355904

Plasma is just another Eris.
https://erisindustries.com/

I think Plasma is being made to impress banks and big companies like Amazon who might feel threatened by true decentralization. It's slightly more secure yeah, but it's not as resilient and resilience is the whole point.

97
General Discussion / Re: Should Bitshares get into the XXX industry?
« on: December 18, 2015, 05:46:36 am »
The problem with any PoW effort when it's applied towards a collective purpose (like network security) is that it will become centralized. Applied towards the individual (i.e. like musical taste, song choice etc), it incentivizes decentralization.

Decentralization is the key differentiater. THAT is what makes the invention of the blockchain and BitTorrent great tools in overcoming centralized power and tyranny.

We aren't discussing Proof of Work. We are discussing distributed computation, generalized computation spread across thousands or millions of PCs.

If you have that, then you can rent computation in exchange for access to content.

98
General Discussion / Re: Should Bitshares get into the XXX industry?
« on: December 17, 2015, 11:32:47 pm »
Profit sharing between the porn star and the earliest fans who buy shares in her business because they believe she will be the next superstar.
[member=258]luckybit[/member] this might be a stupid question but I guess lots of people might share this concern:
What is the incentive that will make a music artist (or a porn star) stick to their promise of sharing their future revenues with their token holders?
What prevents a future Amy Winehouse discovered on Muse from selling her music elsewhere (i.e. outside Muse) and thus making her token worthless?
Is there anything, apart from an artist's reputation, that makes this profit-sharing system viable?

[member=2216]cob[/member] would have to confirm this, I'm just someone that's read every interview and posed the huge Q/A to better understand the system.

1) What is the incentive that will make a music artist (or a porn star) stick to their promise of sharing their future revenues with their token holders?

The profit sharing will be automated. I'm not sure if that's handled by the buyback system or smart contracts with streams, tokens and downloads.

2) What prevents a future Amy Winehouse discovered on Muse from selling her music elsewhere (i.e. outside Muse) and thus making her token worthless?

The more creative the rewards, the more volume you should see on token purchases.  Think of having the ability to have kickstarter type rewards every day, every week, every month. The artist decides the level of engagement with their audience.  There's also a token unlocking system that will be in place.  You could publish certain items for holders with a certain amount of tokens and have it controlled from one central application.  The selling of music is one of the least interesting features of the system to me.  Some reward ideas might look like what I have below.

- Anyone with at least 300 adultjane tokens have access to my livestream on May 3rd
- Anyone with 1000 adultjane tokens can help me brainstorm a new 5 minute scene with BigDongActor
  BigDong also has a token, so they cross promote
- Anyone with at least 300 novelistbob tokens can participate in a live stream brainstorming session for my upcoming book
- Anyone with at least 300 painterjack tokens will get a signed copy of my limited edition print


3) Is there anything, apart from an artist's reputation, that makes this profit-sharing system viable?

The fans become the marketing department.  If the artist creates great rewards, potential token buyers have every reason in the world to not only invest but tell everyone about the artist.

The 95% profit retention in real time is exciting for the artist, but the rewards system with the ability to make a living loving music is where the viral potential sits in my opinion.  The last thing I would imagine an artist would want to do is screw over their fans in this type of system.

One aspect you're missing is piracy/copyright infringement. In the system I talked about (which isn't what Peertracks currently does now), the computation to unlock a song is the piracy protection. Artists would have to work with the platform to make money from digital sales.

I'm not really talking about Peertracks in specific but something better. I think Peertracks in current form offers no copy protection and no distributed computation so you can't even set up an economy where people buy music with CPU cycles. The point is that it takes a certain amoun tof CPU cycles to generate $1 or 50 cents, and those CPU cycles wuold be the cost of listening to the song.

So people would essentially be mining or computing per listen. This would for example allow people to dedicate cycles to scientific research in exchange to have unlimited access to music. The nerds like us would be willing to pay for music this way, and this would mean the artists would have to team up with us (or in some cases they may be us) to make money from their art.

In most cases I don't think an artist will have anywhere else to go but even if they did try to sell elsewhere it wouldn't matter. Computation would micropay per listen to every piece of content, and if you're talking about porn then the cost to view would be measured in computation cycles which earn enough credits to view.

This would make a huge market for computation on the back of the entertainment industry. Done right, the content itself would be encrypted in such a way that the only way to unlock it is for the host computer to run the assigned computation, and while you might have some cracker types who work really hard to unlock, for most people just using spare CPU cycles is not going to be a big enough deal for them to bother with piracy or copyright infringement.

And for artists, if an artist could know for certain every view or every listen would get them paid, they'd be big winners too. As for profit sharing, if artists don't share profits then they'd have to develop their own platform, which eventually they probably would do, but it doesn't mean every artist would be on a platform which isn't fan friendly, and if too many artists get too greedy about it then they might lose fans.

So the idea summed up for the future:

1) Computation is a commodity which can be exchanged for content by building it into the encrypted file.
2) Profit sharing can be enforced by reputation. I'm pretty sure artists will have a lot more loyal fans if they share.
3) Piracy and copyright infringement is actually reduced on fan friendly platforms which can monetize content through renting CPU cycles.

So basically, we just need distributed computation and we can have monetized content. Computation is something everyone can rent to pay for art. The issue with Bitcoin mining is it wasn't distributed computation, it was just for the security of Bitcoin. Distributed computation would be the ability to compute anything in a decentralized super computer, and I would expect there will be potentially trillions of dollars in terms of market cap when you include every device with a CPU, the Internet of Things, all which can rent computation 24/7.

Any file, whether an app, a video, a song, could only open after a certain amount of CPU cycles unlock it. So if you protein fold for 10 minutes you can unlock the song. This would be seen by the user as similar to the amount of time it takes to download the song from Napster (wait 10 minutes).

[member=2216]cob[/member]

When the time comes, you will need to port Peertracks onto a decentralized computing platform. It would still have to be backward compatible with Bitshares 2.0 via the snapshot and sharedrop mechanisms, but you'll need the ability to embed decentralized computation into the files themselves, into the file format.

So for a stream if it's web based it might be trivially easy and you might be able to do it with the current technology with some sort of extensions so that when people stream the file they compute to unlock similar to pay per view. But then to download the file you would need a new file format where its' like secure .mp3, where the file is encrypted, and every time someone plays the file, it must donate a certain amount of CPU cycles. The CPU would do the work to earn the listen to the file.

I don't see how you could pirate that. Sure you could have people who go out of their way to try to losslessly copy the file but they couldn't make any more money doing that than if they profit shared and got a cut of the CPU cycle profit. And for most people they don't notice or care that their CPU is 100% for 10 minutes while they listen to a song.

99
General Discussion / Re: Should Bitshares get into the XXX industry?
« on: December 17, 2015, 11:11:45 pm »
Profit sharing between the porn star and the earliest fans who buy shares in her business because they believe she will be the next superstar.
[member=258]luckybit[/member] this might be a stupid question but I guess lots of people might share this concern:
What is the incentive that will make a music artist (or a porn star) stick to their promise of sharing their future revenues with their token holders?
What prevents a future Amy Winehouse discovered on Muse from selling her music elsewhere (i.e. outside Muse) and thus making her token worthless?
Is there anything, apart from an artist's reputation, that makes this profit-sharing system viable?

Reputation is enough. If an artist betrays their fans, then why would the fans be loyal to the artist? I don't think an artist is going to have much of a career if they don't honor the fans.

You're right, in theory they could take their ball and go home, but go where? Social media makes or breaks artists now.

100
General Discussion / Re: Should Bitshares get into the XXX industry?
« on: December 17, 2015, 07:49:01 am »
I would say, for computation SAFE Network and Ethereum are not sufficient. Ethereum made the fundamental mistake of going Turing complete and now they'll never be able to guarantee security. SAFE Network is built up on Rust which means its probably more secure than Ethereum, and more secure than Bitshares, but distributed computation is another ball game.

So far there isn't anything out there which can do secure distributed computation. Ethereum can't do it. SAFE Network probably wont be able to do it. And if they do manage to make it somewhat secure, it will be very expensive in terms of developer time to keep it that way, especially for Ethereum.

At the same time, I would say decidable distributed computation is on the horizon. We will see it for sure in 2016, and when we do I would say Bitshares should port itself to that platform for Bitshares 3.0.

101
General Discussion / Re: Should Bitshares get into the XXX industry?
« on: December 17, 2015, 07:40:07 am »
I have been reading up on maidsafe recently.  Do you think they have a better model than blockchains for dealing with content?  Curious if you think there claims of millions of transactions per second with no no/low fees makes them a superior platform for these types of problems.   Assuming it ever works of course.

Quote
Micropayments are extremely useful for consuming and especially digital content and because Safecoin network payments allow for millions of transactions per second without the fee structures associated with credit cards and Paypal, using the network will be a huge opportunity for individuals looking to share original content dynamically.

http://blog.maidsafe.net/category/using-the-safe-network/

I'm aware of it but I don't think it has an advantage. SAFE Network doesn't have auditability. If you buy something you don't have a blockchain at all. At least with Bitshares you have a blockchain.

For micropayments you can do it with a DAG, or with a blockchain. For privacy, I think most people only want enough privacy so their families don't know they have a mistress but they might not need the sort of technology to handle top secret classified stuff.

SAFE Network does not seem to be working on distributed computation yet. It's in their roadmap eventually but I think that is the killer features rather than storage. I don't think people care so much where the data is stored when it's encrypted because it's encrypted, but the computation is what matters, and the ability to stream.

I would say SAFE Network looks interesting at this time for storage, but it will have a lot of competition when it comes to everything else, and it does not make use of the semantic web or seem to have any sort of advantage with regard to smart contracts, currency, etc. I think Ethereum is probably going to be better than SAFE Network for stuff like porn because of the smart contracts and easier to program for it.

I do think SAFE Network will be more private but then what good is that? Do you think anyone will want to become a cryptographer to figure out how to manage private keys? So they'll end up paying some experts to do it in a multi-sig fashion, and again because Ethereum will be more flexible from the start, I would say Ethereum has advantages.

I think Bitshares is limited in these areas but it doesn't have to stay that way. Bitshares can be implemented on a decentralized computer and we could run it from there when the time comes.  All that would be necessary is to freeze, snapshot, sharedrop, just as how it went from Bitshares 1.0 to Bitshares 2.0.

102
General Discussion / Re: Should Bitshares get into the XXX industry?
« on: December 17, 2015, 07:07:36 am »
yes, but sex industry is dying a slow death... so I wouldn't bet on it.

speaking of betting, that's something we need IMO.

What about pornbots? XXXbots which accept crypto and sell porn on behalf of pornstars?

I could see it working well. Credit card breaches are common in porn. Also if someone is popular enough they might sell clips through a site, but through a bot the same clips could be sold but through crypto and on something like Reddit or it's successors.

I think there is for certain a future, crypto will be a part of it, but we are in a strange transition phase. Similar to how we are with music.

Also don't forget, virtual reality will come into play very soon. Oculus rift with crypto currency will produce all sorts of new opportunities.

Cob already discussed a reward system that would completely change the way porn actresses could engage their audience.

https://coinreport.net/conversation-cedric-cobban-co-founder-peertracks/

With so much amateur competition, every adult actress is looking for better ways to engage their audience.  Reward systems, stable digital currency and VR are the hot topics.

Exactly. Profit sharing between the porn star and the earliest fans who buy shares in her business because they believe she will be the next superstar. Same distribution model.

The only issue I think is right now there isn't yet the distributed computation to make it absolutely decentralized. Once you have distributed computation and storage, you can actually charge for the computation itself which unlocks the content. The content would basically require solving some sort of puzzle to unlock and only with enough computation could the buyer unlock it, suddenly you have something which cannot be passed around for free.

When that happens, if you also have fandoms making money from the content, it will not be a situation where content will be passed around for free because the incentive would change and if it's easier to just sell computation or micropay for the computation to unlock, then people will just do that.

103
General Discussion / Re: Should Bitshares get into the XXX industry?
« on: December 17, 2015, 06:42:02 am »
It's not dying a slow death.

I highly doubt the sex industry will ever die.


You are both right. First, porn will never go away and someone will continue to make billions. But second, why the hell does anyone pay for smut anymore? Unless a guy is into specialized fetish stuff, you can get what you need for free these days. One would think that some dudes have figured that out, which is why the overall business has been declining. But it probably could continue declining for the next century and still be a very profitable sector.

People pay because there is a cost to sex in any form. Whether it's paid in money, or in time, or in other ways, ultimately sexual attention has some quantified cost.

If you love a person, it's a psychic cost, an emotional cost, the intimacy is a cost, sometimes an opportunity cost. So it's never costless. If it's a person who doesn't want any of that intimacy then it makes perfect sense why they'd choose professional services.

I just think people aren't being very creative considering the technology available. You have blockchain technology which will dramatically change the porn industry in ways no one can imagine. Not only porn will change, but sexuality itself is going to change. The entrepreneurs ahead of that change will make money, but I don't think it will be big centralized companies any more. The decentralized nature seems to favor blockchain technology eventually being the peer to peer solution.

If you ask me, the industry is going to evolve and the XXX industry is probably going to be one of the top use cases for digital currency in the mainstream. It might not make sense to you, but globally a lot of people have different traditions or lifestyles from you,  who knows.

The main reason I think the business is declining is because they use a centralized business model on a very inherently decentralized phenomena. The tools being used are centralized, and then there are privacy breaches left and right, and worst of all, there isn't even high enough quality personalization or data about the individuals which can be collected and analyzed to provide iterative improved experiences. So when you consider the privacy, the ability to analyze the data without any human being seeing it using algorithms, virtual reality,  then you will have much more personalized, digitized experiences.
yes, but sex industry is dying a slow death... so I wouldn't bet on it.

speaking of betting, that's something we need IMO.

It's not dying a slow death. Did you even look at the video or the sites I posted for review? http://www.cottontailgroup.com/

I highly doubt the sex industry will ever die.

As for betting, I think betting is higher risk because betting requires some sort of integration into Bitshares beyond just a UIA. If it's a UIA then the risk is on the business entity or individuals redeeming the UIA for services.

yes, I read about their offers.

- do you know if they're legit? how?

and sorry if I got the topic wrong, but sex industry is not only about sex workers but porn/streams etc. and there's no money to make. (ask [member=37834]MarkLyford[/member] )

There is plenty of money to make. Attention is scarce and in a day a person thinks about sex or has sex a certain amount of time. So there is a fierce competition for that scarce attention.

At the same time people who want sexual attention from a specific person might not want to pay for it with their credit card for everyone to see. On the other hand if it's truly private digital currency protected by stealth transfers now you actually have a use case for stealth transfers.

I don't think it can get any more mainstream, but when you're talking about the current industry with the current technology, you're right it's dead because those business models are dead. Just like the business models around music are dead but that doesn't mean musicians can't make money from Peertracks or use new business models. It also doesn't mean that the current common experiences such as the concert or the instant clip, are the limit to what human beings can experience technologically.

In the case of porn the main issue is copyright infringement? Live streams cannot be copied so easily and you can actually design copy protection so that it's more effort or expense to copy than use micropayments.


104
General Discussion / Re: Should Bitshares get into the XXX industry?
« on: December 17, 2015, 06:35:15 am »
yes, but sex industry is dying a slow death... so I wouldn't bet on it.

speaking of betting, that's something we need IMO.

What about pornbots? XXXbots which accept crypto and sell porn on behalf of pornstars?

I could see it working well. Credit card breaches are common in porn. Also if someone is popular enough they might sell clips through a site, but through a bot the same clips could be sold but through crypto and on something like Reddit or it's successors.

I think there is for certain a future, crypto will be a part of it, but we are in a strange transition phase. Similar to how we are with music.

Also don't forget, virtual reality will come into play very soon. Oculus rift with crypto currency will produce all sorts of new opportunities.

105
General Discussion / Re: Should Bitshares get into the XXX industry?
« on: December 16, 2015, 09:38:30 am »
yes, but sex industry is dying a slow death... so I wouldn't bet on it.

speaking of betting, that's something we need IMO.

It's not dying a slow death. Did you even look at the video or the sites I posted for review? http://www.cottontailgroup.com/

I highly doubt the sex industry will ever die.

As for betting, I think betting is higher risk because betting requires some sort of integration into Bitshares beyond just a UIA. If it's a UIA then the risk is on the business entity or individuals redeeming the UIA for services.

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