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Messages - Empirical1.2

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166
General Discussion / Re: About workers: 1.14.35/36Fund to pay dividend
« on: March 27, 2016, 01:13:54 am »
Quote from: Thom on March 26, 2016, 03:44:26 pm

We discussed this briefly in the last mumble. If this starts to gain more traction those against it must become more proactive in countering it with a wave of opposition. Now that negative votes are off the table that is more difficult as there is no longer a direct way to negate the votes in favor of this communistic welfare scheme.

OK so it is more difficult to stop a bad worker with negative votes removed?

In which case this could be seen as a protest against that change. Which perhaps also makes it easier for others to vote in bad workers that previously the active majority of shareholders/proxies had been able to vote against?




167
General Discussion / Re: Move BTS from Polo to Bitshares 2.0
« on: March 26, 2016, 08:53:15 pm »
Look at the getting started video on https://www.openledger.info/ or here https://www.youtube.com/watch?v=ttN0flPsnBc

You can create a BitShares account on Openledger with any name you like, provided it's not taken.
Then when you want to move your BTS from Poloniex you just enter that account name you created. (Do it with a small amount to test)

Then when want to move from your BTS account on openledger to poloniex wallet you would use 'Poloniexwallet' as the address you send too along with the memo Poloniex gives you so that they can identify the deposit  https://bitshares.openledger.info/#/transfer


168
General Discussion / Re: Is it possible to track Revenue Per Employee (Revenue Per Worker) in Bitshares?
« on: March 26, 2016, 08:16:39 pm »
Quote from: luckybit on March 26, 2016, 08:09:22 pm
In startups the RPE is an important metric to determine how efficient the work by the employees is. In our case we have workers but do we have metrics to track how much revenue each worker might be bringing into the Bitshares ecosystem?

For example if the revenue goes up after a certain feature or certain proposal then we know it's having a positive effect. Other changes might result in a loss of revenue or lower volume. So we would want to focus on features which increase volume and through A/B testing we can determine which features are effective.


http://www.investopedia.com/terms/r/revenueperemployee.asp

Though it's not revenue. I think the winner would be Fox in terms of adding/doing something that added value to BTS relative to cost.

His efforts to get BTS added on Azure, gave BTS it's highest volume day in history, (>$6 million)It took us from $10 million to >$20 million at the peak in less than a week and even after the drop off, BTS was/is circa 40% higher. I'm not sure he was even paid for his efforts.

169
General Discussion / Re: When does inflation decrease? We should make more people aware of that
« on: March 26, 2016, 03:05:10 pm »
Quote from: KenMonkey on March 26, 2016, 10:12:24 am
Quote from: Samupaha on March 26, 2016, 09:43:02 am
If we want to maximize the impact, I think the best thing to do is wait until the vesting period is over and then make everyone aware about that. If we start advertising it now, markets will slowly adapt the information and nothing happens when vesting is finally over. Information is already in the price.

But if it's not generally known, there is a good chance for price rally.
- "Oh, so that's why BTS price has been so low and now it doesn't happen anymore! I have to buy it before anybody else realizes the same thing! Quick, buy buy buy!"

And again I'd like to remind that Bitshares doesn't have inflation. When we are talking about releasing funds from vesting, that's what we should talk about. If you talk about inflation people will think that new BTS is created, which isn't true. BTS has been already created, it just have been non-transferable for a certain period.

As far as the markets are concered "non-transferable for a certain period" (and slowly released?) is the same thing as bts being created. One could argue that 21million bitcoin have already been created but are just not transferable until they are mined.

Could someone direct me to a place where I can see the (transferable) supply of Bitshares... perhaps a chart over time?

There are two.

One was the BTS merger that took place on Nov 5th 2014 which took BTSX which had 2 Billion shares and merged it with a few other BitShares DACs creating a single BTS that had 2.5 Billion shares. Those shares are already accounted for in the current supply but they were actually vested and are being released at a rate of about 700 000 BTS a day until Nov 5th 2016.




https://bitcointalk.org/index.php?topic=844038.msg9413467#msg9413467

The other way market supply of BTS increases is via the reserve pool. The maximum is 432000 BTS a day but in practice it's much lower than that. https://bitshares.org/technology/stakeholder-approved-project-funding/

170
General Discussion / Re: Ethereum price discussion
« on: March 26, 2016, 01:48:24 pm »
Barring any really good unexpected news in the next week, I think ETH will go below $500 million.

171
General Discussion / Re: Anybody up for a blockchain-based BitShares Trading Card for Spells of Genesis?
« on: March 25, 2016, 07:00:52 pm »
Is there a way to issue the card as a UIA token on the BTS DEX? (Or issue a limited BTS UIA token that can be used to purchase the card)

That way BTS supporters can buy/sell/trade and increase the value of that card on the BTS blockchain.

172
General Discussion / Re: BIT20 Smartcoin, top 20 cryptos weighted index (ETF like)
« on: March 25, 2016, 06:50:40 pm »
Quote from: EstefanTT on March 25, 2016, 06:35:56 pm
I'm still wondering about the default % of these two, is that seem ok for the index ?

Force settlement offset   1%
Max force settle vol   20%

If I was too guess, I would think you might have more people willing to go long than short, so you would probably want to offset that with settings that are more favourable for shorters. A force settlement offset of 5% should be more positive for people shorting the index as they would be less worried that they are going to be force settled against unexpectedly. I think, I'm not sure about that though.

Quote from: EstefanTT on March 23, 2016, 04:24:53 pm
Quote from: liondani on March 23, 2016, 02:18:35 pm
Quote from: Empirical1.2 on March 23, 2016, 01:20:38 pm
You can't fake volume very easily/for very long when you're paying 0.2% per trade can you?

except you are the exchange owner... so the fees come back to you...

That's why I first consider the MC, because it's the only thing you can't fake. The only way to manipulate the MC is by pouring your money in the coin ;p

A lot of cryptos claim to have X supply on the market but you can't be sure they really distributed them, so their market cap is inflated but this is often obvious by their much lower volume.

(As an extreme example, have an ICO for 100 million coins, raise 100 BTC but 99.9 BTC actually came anonymously from you. Now there's only 100 000 coins on the market you don't own. Building their price up to $1 a coin would be fairly cheap and now your DAC/Coin would be valued at $100 million, but it would be clear your market cap is inflated because of the low volume.)

173
General Discussion / Re: Against Crowdsales.Do not crowdsale !!!
« on: March 25, 2016, 04:15:09 pm »
Quote from: liondani on March 25, 2016, 12:39:18 pm
3. Crowdsales Allow Unethical Behavior

It is, in fact, immoral to sell dreams.

Why? Because humans have a “wishful thinking bias”. This means that we are more likely to believe a false thing, if that false thing is a dream. Therefore, all dream-sellers have the ability to deceive (“steal money from”) the credulous.

You see, while people should be able to invest in whatever they want, others should also be able to openly criticize bad investment-choices. Unfortunately, silence is often interpreted as implicit endorsement, and so this criticism is simply too rare (because criticism makes one unpopular). With a few notable exceptions (all of which are devoutly informal, and non-startup), most people are too selfish and/or afraid to do anywhere-near the right thing.

So, crowdsales allow predators to get away with the crime of selling a dream.

had a very interesting reading here... http://bitcoinhivemind.com/blog/crowdsales/

Generally if people are selling dreams they will use convoluted, long winded marketing speak and try to avoid giving clear simple answers to questions. Some crowdsales however are very good. Crypto and DACs are one of the most innovative and fastest growing sectors in the world & many will also positively benefit society.

The answer to your question lies in your own response. We should not be afraid to openly challenge & do due diligence on investments that we are unsure about. In the case of BTS, brand value by association can be very positive as we saw with Microsoft Azure. However there is a huge reputation & valuation risk to being associated with bad partnerships & crowdsales as we saw with Summer Announcements. (Also with projects like Banx many felt they were mislead about what they were investing in - https://bitsharestalk.org/index.php/topic,21657.msg284851.html#msg284851 )

So provided we make an effort to challenge projects and distance ourselves as a brand from the negative ones, even though they might be based on the BTS blockchain, I think some can be very positive for investors, society and BTS.


174
General Discussion / Re: [ANN] New Money project & SOLCERT token
« on: March 25, 2016, 03:27:39 pm »
Quote from: Empirical1.2 on March 23, 2016, 03:10:07 pm
Quote from: SolomonSollarsNSense on March 23, 2016, 02:46:04 pm
Quote from: Empirical1.2 on March 23, 2016, 02:15:23 pm
Quote
SoLCerts is an example of using a token to represent a portion of the 1 trillion SSS Sollar bond fund. 10,000,000 SSS Sollar bonds will be represented through this (SoLCerts) token.

http://newmoney.sollars.com/new-money-funding-series-part-4-solcerts/

So these 10 million SolCerts represent 0.001% of a total 1 trillion bond fund?

(I don't understand bonds very well, to someone more familiar with limited crypto tokens, this pre-sale seems to be for a very small amount of future supply?)


Thanks for diving deep.  ;D Yes 1 SoLCert essentially equals one future Sollar through the Sollar Bond. But that is too complicated to explain to most people. At the end of the day a SOLCERT is a future Sollar. Sollars and Sense will be a stable unlimited supply coin as we are trying to be a currency with it and not a commodity like Bitcoin or Bitshares. Our commodity is SOLCERTS and Sollar Bonds. That is more like Bitshares or a speculative asset. One can use SoLCerts/Sollar Bonds to speculate on the value of the future Sollar against the future Dollar. If you believe the Dollar will be here forever then no need to follow this project. If you dont then consider the vision and roadmap of our project. Read part 3 of that series.

Check out our General FAQs section too: https://medium.com/@sollarsandsense/new-money-faqs-2d5e8e730caf#.y7lew7tfa

Whether Sollars supply gets to 1 Trillion or 60 Trillion like the Dollars market cap will all depend on adoption of the currency by regular everyday consumers. It is my 10 year goal to get it to 1 Trillion. And to start on that path is with SOLCERTS and Millennials. We are issuing assets the same way Bitcoin, the US government and Bitshares issued assets to fund itself out of thin air. This is no different except that we are creating a mainstream alternative with a brand to actually take on the Dollar. So if you believe in a stable alternative to the Dollar then believe in this... or not. Either way people participating in our pre-sale are essentially buying into that mainstream currency supply now through SOLCERTS. And if we are successful you are going to be glad you did. Hope this info helps.

Thanks, I appreciate the explanation.

Quote
At the end of the day a SOLCERT is a future Sollar. Sollars and Sense will be a stable unlimited supply coin

Given that a SOLCERT is a future Sollar and Sollars will be unlimited in supply, I'm still uncertain how the value of my investment will dramatically increase through adoption but I will look into it more at the links provided & hopefully understand it better.


The closest model to what you are offering via Solcerts that we have in crypto at the moment is Nubits. (Nubits, like Sollars and Sense are a stable unlimited supply coin, in their case pegged to the value of USD. https://nubits.com/)

The issuance of NuBits is controlled by NuShares shareholders. https://nubits.com/nushares/introduction
Most traditional investors (crypto or otherwise) would be much more interested in investing in and owning the underlying company, that issues Sollars, while mainstream would be more interested in owning & using NuBits/Sollars (Which a SolCert entitles you too.)

How does someone become a shareholder in the underlying company behind New Money?
(How does someone besides you get to have a say in the issuance of new Sollar bonds and what the received funds are spent on?)
Or will that come later? Thanks.


175
General Discussion / Re: About workers: 1.14.35/36Fund to pay dividend
« on: March 25, 2016, 10:30:24 am »
Quote from: btswildpig on March 25, 2016, 07:01:13 am
Quote from: tonyk on March 25, 2016, 05:28:46 am
After being taken the ability to actively vote against ideas like this... I find myself pretty much agreeing with the approach...

Let distribute all available fund to stake holders and then finance any development we find appropriate on a case by case bases.


what?
This will be "voting 'for' only" brought to its purest form...

haha , I'm pretty sure this proposal is for morking the "vote against function being taken out"

So this is more a protest vote against the change which makes it easier to vote in bad workers?

176
General Discussion / Re: Is there a creative way to sell Lisk on the Dex prior to the mid April launch?
« on: March 25, 2016, 12:15:50 am »
Quote from: noisy on March 24, 2016, 11:55:35 pm
Quote from: Erlich Bachman on March 23, 2016, 12:18:09 pm
Not a bad idea really:

1. Everyone here pledge some of Lisk (that we will be compensated for at the average selling price when Lisk becomes liquid).
2. Someone (call him the Orchestrator), creates a UIA from the total pool and builds a market in bitUSD like this:

1000 bitLisk at 0.10 bitUSD each
2000 bitLisk at 0.15 bitUSD each
3000 bitLisk at 0.20 bitUSD each
4000 bitLisk at 0.25 bitUSD each
etc.


IMO this cannot work. What if all coins will be sold instantly in the beginning? If you cannot prove that you posses something, you should not be able to sell it.

Of course we can create bitLisk... and you can create new bitLisk with BTS as collateral... but I guess, at the beginning there will be not to many shorters.

BitLisk might be an option.

If the price longs offer is above the ICO price, then people that hold actual Lisk would be willing to short a bit of  BitLisk to hedge.

177
General Discussion / Re: When does inflation decrease? We should make more people aware of that
« on: March 24, 2016, 08:31:00 pm »
I think there are about 700 000 vesting BTS being released a day which ends on Nov 5th I think.

I don't know what %  have been claiming (& selling) their vesting BTS but we should see a significant reduction in BTS selling pressure once that's done which will be a big positive.

https://bitsharestalk.org/index.php/topic,14862.msg192865.html#msg192865

178
General Discussion / Re: About workers: 1.14.35/36Fund to pay dividend
« on: March 24, 2016, 08:12:01 pm »
While this worker is fairly small, the other negative is that shareholders would not be delegating their vote to the best/most trusted proxies, but to the one's paying dividends which opens up the risk of a dividend/yield attack.

Quote from: Empirical1.2 on December 23, 2015, 10:55:12 am
Small BTS shareholders may be willing to proxy their vote for an annual  +5%...even ultimately to the detriment of their investment, especially if they thought the pools/proxies intentions were good.


179
General Discussion / Re: A case for Demurrage bitUSD (dUSD)
« on: March 24, 2016, 09:34:29 am »
Quote from: tonyk on March 24, 2016, 07:55:37 am
We should just buy  1/Google of the "solar and nonsense" token and live our lives, pretending it makes any sense.

I was polite in their thread but personally I think it's deliberate nonsense. If you didn't do your research/understand bonds, which most don't, & just looked at OP, you'd think it was a regular DAC with a total of 10 million official tokens not an unlimited amount of price stable tokens.


180
General Discussion / Re: [ANN] New Money project & SOLCERT token
« on: March 23, 2016, 03:10:07 pm »
Quote from: SolomonSollarsNSense on March 23, 2016, 02:46:04 pm
Quote from: ebit on March 23, 2016, 07:11:17 am
+5% yes

@ebit if I upload will you be able to distribute the videos to

Quote from: Empirical1.2 on March 23, 2016, 02:15:23 pm
Quote
SoLCerts is an example of using a token to represent a portion of the 1 trillion SSS Sollar bond fund. 10,000,000 SSS Sollar bonds will be represented through this (SoLCerts) token.

http://newmoney.sollars.com/new-money-funding-series-part-4-solcerts/

So these 10 million SolCerts represent 0.001% of a total 1 trillion bond fund?

(I don't understand bonds very well, to someone more familiar with limited crypto tokens, this pre-sale seems to be for a very small amount of future supply?)


Thanks for diving deep.  ;D Yes 1 SoLCert essentially equals one future Sollar through the Sollar Bond. But that is too complicated to explain to most people. At the end of the day a SOLCERT is a future Sollar. Sollars and Sense will be a stable unlimited supply coin as we are trying to be a currency with it and not a commodity like Bitcoin or Bitshares. Our commodity is SOLCERTS and Sollar Bonds. That is more like Bitshares or a speculative asset. One can use SoLCerts/Sollar Bonds to speculate on the value of the future Sollar against the future Dollar. If you believe the Dollar will be here forever then no need to follow this project. If you dont then consider the vision and roadmap of our project. Read part 3 of that series.

Check out our General FAQs section too: https://medium.com/@sollarsandsense/new-money-faqs-2d5e8e730caf#.y7lew7tfa

Whether Sollars supply gets to 1 Trillion or 60 Trillion like the Dollars market cap will all depend on adoption of the currency by regular everyday consumers. It is my 10 year goal to get it to 1 Trillion. And to start on that path is with SOLCERTS and Millennials. We are issuing assets the same way Bitcoin, the US government and Bitshares issued assets to fund itself out of thin air. This is no different except that we are creating a mainstream alternative with a brand to actually take on the Dollar. So if you believe in a stable alternative to the Dollar then believe in this... or not. Either way people participating in our pre-sale are essentially buying into that mainstream currency supply now through SOLCERTS. And if we are successful you are going to be glad you did. Hope this info helps.

Thanks, I appreciate the explanation.

Quote
At the end of the day a SOLCERT is a future Sollar. Sollars and Sense will be a stable unlimited supply coin

Given that a SOLCERT is a future Sollar and Sollars will be unlimited in supply, I'm still uncertain how the value of my investment will dramatically increase through adoption but I will look into it more at the links provided & hopefully understand it better.

The first project that you will use to bootstrap Sollars, a media content platform that among other things leverage's micro-payments to enable content creators to optimally price their product at lower price points & for less fees/overhead than has previously been possible thereby potentially increasing profits &/or creating entirely new markets for some content does sound promising though.

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