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Messages - bitmarket

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31
https://www.youtube.com/playlist?list=PLjgfpSQFJTLoR_CpYDBZMQ8hUSxKSflAF

For the same reason as Ken would love channel subscribes.  Please subscribe if you have not yet.

32
Although I did not seek out Justin or have ever heard of him or strategized this in any way, I did reply to some questions in text he asked me to answer.  I don't know how he got put in contact with me, but I would like to do more interviews.

I did that in a google doc which Justin has since changed edited so it is not complete but does have more of the quotes I used, with a bunch taken out.   It looks like a draft copy of the article now.
https://docs.google.com/document/d/1jh0rMPWdNpLNN9u6DhKIRxlt33R4armxPoFkz1hQ_-0/edit

However I was not asked any questions about anything like coup's or a controversial history.  I just spoke positively about the features and benefits coming out with 2.0 and what it could mean.

34
General Discussion / Re: BitPay pivoting
« on: June 18, 2015, 05:58:59 pm »

35
General Discussion / How do UIA work in 2.0 - Bitshares .tv
« on: June 18, 2015, 03:36:24 pm »

38
The starting a $100 business and getting a return after your second customer idea is a pretty nice pitch.
It lead me to thinking about how that would work. Would marketers be able to use moonstone (for example) as the wallet they recommend new users to download and get their referral fees that way?
Will there be disputes between wallet providers and marketers on who gets the fees?
I suppose it depends on whether moonstone gets open sourced or not

I've been wondering the same thing. If someone were to create educational videos on how to trade (for example), how will the blockchain know who referred them? I'm assuming it'll be wallets that offer some sort of split. So for example, the wallet takes 25% and the affiliate takes 75% (after the blockchain takes 20%). Wallets will compete for affiliates by offering the biggest payouts. I'm really eager to dig into the mechanics of this.

Bitshares 2 will allow up to two named referrers on the blockchain and percentages names on each for the referral.    The most likely scenario is, companies Moonstone will make a great product and say "Hey everyone, direct traffic to us and we will split the commission with you 25-75 or some such thing.   I think in time, competition will take over and the marketers will get the whole commission and the moonstones will get the customer.

Bitshares TV is going to make a videos that do all the selling for you.  You just send the traffic I will split you 75 and me 25.  That way I can focus on optimizing and split testing funnels and traffic guys can focus on that.

40
Here is the first of some quick vids Where Dan and I talk about a particular feature.

I recorded 7 ( I think) today.  I will release one each day.   Here is the first on high performance.

https://www.youtube.com/watch?v=-sDU-ooXq-E&list=PLjgfpSQFJTLqbgHm8mkgPdD-ma7t0bRhK&index=2

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By making the referal fees liquid you undo the attack defense.

42
General Discussion / Re: Referral Program Tweak
« on: June 09, 2015, 08:11:24 pm »
Nice

43
This really is a great idea.

44
All bitUSD needs to explode is the ABRA app.

And the spreads become miniscule.

Let me explain.  Each city is either a net exporter or importer of money.  When a Teller in New York receives lots of money from lots of remitters sending money to Manilla, that teller needs a way to get more bitUSD with his fiat.  When the Teller in Manilla gets lots of bitUSD from lots of remittance receivers wanting cash he needs a way to more cash for his bitUSD.

If the New York teller contacts the Manilla Teller and wires a lump sum once a week for a flat fee of $50 via wire, then the whole remittance system works with near zero friction.  Competition drives the spreads to near zero.

45
Stakeholder Proposals / Re: Paid Workers Proposal for Review
« on: May 04, 2015, 02:43:55 am »
re: centralization.

I had centralization as a concern as well because 12% after 5 years is significant.   However a couple of realizations put my mind at ease.

1. Those bts go to one company that distributes it to many people. So it is not as centralized as first thought.
2. The dilution should be in USD's or gold (one way or another, even if it is the project promising to burn leftover).  getting $25k per month in bts in 3 years will be way less than what we imagine today.

I no longer think centralization is a problem.

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