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Messages - rgcrypto

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General Discussion / Re: New Stealth Transfer Worker ($1000)
« on: November 27, 2015, 09:44:19 pm »
@onceuponatime you are right about Brownies. Maybe it was a bad example...

What about obits, or Metafees? Are they considered securities or just "tokens of appreciation"? Aren't these serve the same thing as the UIA about stealth transfers? Raise funds and distribute earnings from fees?

Anyway, I may got all these wrong..I am sure you guys you will figure this out how to do it but please let's do this as soon as possible because without stealth transfers we will never see liquidity on the DEX..

I'm trying to find out how Ronny is issuing OBITS and selling them for participation in future income streams without being fingered as issuing a security. Same with the ShareBits. If anyone can tell me how they expect  to not come under the scrutiny of various regulatory authorities, please let me know.

I don't know about OBITS or METAFEE...but the safest best is to have the blockchain issue the Fee Backed Asset. I see it like a coop distributing the profits to it's members.

General Discussion / Re: BTStips post
« on: November 27, 2015, 09:38:48 pm »
Just ignore the bot

#sharebits "fav" 1 GREATIDEA
#sharebits "fav" 1 BLASPHEMY

We are moving in Mortal Kombat territory...

General Discussion / Re: [EBM] Exchange Business Management Team
« on: November 27, 2015, 06:58:12 pm »
What we have done so far:

- BitUSD and BitCNY integration on Poloniex
- BitCNY integration on Bittrex to come soon

#sharebits "clout" 1 THANKYOU
#sharebits "clout" 50 BTS

Could your project be funded via Fee Backed Assets?

General Discussion / Re: Fee Backed Assets (FBA)
« on: November 27, 2015, 02:26:06 am »
We're all familiar with counterparty free
Market Pegged Assets (MPA)
issuer backed
User Issued Assets (UIA).

Theoretically, there could be a third type: 
Fee Backed Assets (FBA).

A developer installs a new function that charges fees for its service and pays those fees to holders of a UIA she creates for that purpose.

She naturally starts out as the owner of those revenue producing assets.

She is free to sell them since each one is a revenue generating counterparty free asset backed solely by the blockchain.

Since they have no counterparty, they are not a security.  They are simply capital equipment, like selling a mining machine.

This new kind of digital asset trades like any of the others but has fascinating new properties.

There could be a new asset for every new revenue generating feature in the whole ecosystem.  Developers recoup their costs by selling (or pre-selling) these revenue generating software devices (or keeping them to earn the revenue they produce.)

I think this could be attract devs like bees to honey.

I believe the feature should remain open source.

Openledger / Re: OpenLedger Suggestions
« on: November 27, 2015, 12:02:38 am »
I would like to suggest for OpenLedger to create a YouTube account and once we have a more stable platform with no huge differences between updates, start doing videos. I might try some to see if I have the talent for that kind of thing as I never tried. On one side it would be good to have some for new people to learn, on the other side it's too soon as we will get constant updates in the near future and the videos might become outdated.

Still, here is a list of tutorial videos that should be kept to around 3~5m each

Description Videos:
These Videos would be more theoretical content, explaining stuff and its potential, showing pages like, etc
What is BitShares 2.0
What is OpenLedger
What are OBITS
What are the Features Offered by OpenLedger
What is DPOS, Witnesses, Workers and Committee Members
Comparing OpenLedger to Centralized Exchanges
OpenLedger Services and Use Cases

Exploring OpenLedger:
These videos would be just a brief description of each menu option the user has on their wallet
Explore - Blockchain
Explore - Assets
Explore - Accounts
Explore - Markets
Explore - Witnesses
Explore - Committee Members
Settings and Wallet Management Console

These videos would be more practical, with real examples done and described step by step so the user can understand how to use the wallet functionalities.
How to Create an Account
How to Backup My Account
How to Make a Deposit/Withdrawal
How to Make a Transaction
How to Make an Order
How to Search the Markets
How to Vote for Worker Proposals
How to Vote for Witnesses
How to Set Up a Voting Proxy
How to Get an Annual or Lifetime Subscription
How to Use the Referral Program to Make Profit
How to Create an UIA
How to Set Up Account Permissions
How to get bitUSD, bitEUR, bitCNY or Other Stable MPAs to Hedge Against Volatility

This may be a bit of an overkill and some subjects might even be too similar and some even the same, but this is jsut a suggestion to make short videos, covering every aspect of OpenLedger so that every new member could be redirected to them and understand all they wanted to know. To cover the very basics.
Do we have the same brain? I was just thinking about that yesterday.

Question to bytemaster:

What is your opinion of the privately funded blockchain feature idea and how would he see it being implemented so that the UIA are not considered securities?

The best place where FMV could show it's real life use would be with this community.

When doing a poll on the forum, we only know votes per users. Then we get a stakeholder vote on the graphene-ui for worker proposals, witnesses and committee members.

But how about having a way to gauge public opinion within bitshares?

I wouldn't mind having weekly polls in my inbox that ask my opinion about different ideas regarding the future of bitshares and having the results in real time with both by users and vote by stakes for each poll.

General Discussion / What's going on with LimeWallet?
« on: November 26, 2015, 06:18:56 pm »

Doesn't seem like anyone is working on this for the past month.

I loved the design @cass did for them and wish we could have an open BETA soon...if it isn't dead.

Random Discussion / Re: BS stands for Bullshit
« on: November 26, 2015, 04:57:12 am »
#sharebits "shiggidy" 1 FISTBUMP

Proves to show that you aren't a paid shill...otherwise you would be fired right now.
Welcome aboard.


Could you flesh out a little how you think that would be done?

Because it requires new code, in particular this first instance of it.   It would just be a stipulation in a worker proposal to issue the asset.  Its a new kind of asset; I don't know what to call it; or its an [enhanced]UIA.   BM seemed to imply he's got an idea about this already.

I suppose there could be dynamic parameters and control given to the committee or perhaps something new with Vote functionality.  It might have its own committee of share holders.  IDK.  Or it might have no adjustable parts just be set and forget.   

This one might have a programmatic buy back at some rate.  Or maintains a bid and issues dividends.   
This would be easy to dial-in to a particular profit level, or an eternal royalty if you used dividends.

The pool of collected fees would just be added to the bid.

What else does it really need to do?

Wow...that is awesome.

If it's BitShares that issue the token it could give us enough gray zone to prevent falling pray to regulatory bodies.
Worker proposals could have as an "option" the issuance of a token people can buy, sell and trade? As well as automatically perform tasks such as buyback and distribution of dividends?

Seems to me like the definition of a smart contract.

LottoShares / Re: LottoShares Officially Accepting bitUSD
« on: November 26, 2015, 12:26:42 am »
Good lord, your website is beautiful. Hope you get more people to invest.

Though about doing a round of podcast to get the word out?

General Discussion / Re: Price of BitShares on Dec 25th?
« on: November 26, 2015, 12:24:56 am »
Have at it and post your guess in this thread for a chance to win something on 12/25!

I'll also throw in a FISTBUMP for everyone that post in the thread, payable on 12/25. ;)

And remember, FISTBUMP is the #1 UIA Social Currency on the BitShares DEX for a reason ...

You said, "game on" ... so it shall be!  :P
Is that a quick jab at my HIGHFIVE?

It's on Tuck.

#sharebits "Tuck Fheman" 1 HIGHFIVE

General Discussion / Re: Nexus and BitShares
« on: November 25, 2015, 11:44:33 pm »
Alleluia! Looking forward to see the proposals, we need man power!

#sharebits "Rune" 1 FISTBUMP
#sharebits "Rune" 1 HIGHFIVE
#sharebits "Rune" 1 THANKYOU

Do you have a portfolio of your work somewhere?

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