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Messages - Empirical1.2

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91
General Discussion / Re: Bitshares price discussion
« on: April 20, 2016, 10:38:25 pm »
Anyone can confirm this about Erik V?

I confirm ... that Erik's last name is Voorhees.

And that he's also buying BTS in large stack......   :-X

No, I said it was 'a nice thought' :)

He could be buying, but no, I have no information about it. 

92
General Discussion / Re: Bitshares price discussion
« on: April 20, 2016, 09:07:39 pm »
Erik Vorhees is buying a large stake in BTS because he now clearly sees the value of decentralized exchanges and he can have a large influence on shaping the future direction of BTS. https://news.bitcoin.com/looting-fox-sabotage-shapeshift/

Well it's a nice thought...

93

The point is, if people think that BM moving on will destroy bts, then it was already destroyed.  The main point is for bts to decentralised  and self governing. If one person or group leaving the project can destroyed it, it had already failed. BTS has the tools it needs to carry on. Being able to survive without its creator is the hallmark of any successful project or species.

Sent from my SM-N920T using Tapatalk

BTS is a great platform, credit to BM & others for the pivotal role they played in it's creation.

Provided we stay competitive and don't let our community and investment dollars be leached into other projects, I think BTS will ultimately go from strength to strength especially once the expensive merger vesting period is over.



94
General Discussion / Re: Whale Powered Assets
« on: April 20, 2016, 10:18:45 am »
Proposals are based in part on what resources are available to work on them.
Resources are hired based on the availability of stable funding.
A constant battle over who controls the funding light switch means no one dares hire against any line item.
So the resources remain allocated elsewhere.

Voting is overrated.  I wouldn't want to ride on an aircraft controlled by voting passengers.
Give me a benevolent whale any day.
:)

While perhaps an isolated and overly suspicious view, posts like the above make me think a lot of Stan's recents threads like this one are actually veiled pitches for Steem which is already controlled by a 'benevolent whale' in form of Steemit. If so I think they should be moved to random discussion.

On the contrary...they should forever stay in the  General area as a remind of a great lessons learned in the past

This lesson in particular - on how the fighter for decentralization and freedoms for all, can turn the blockchain into a centralized solution where she holds virtually all of the stake ( and constantly tries to increase it by 9x ratio each and every time a new crumble of stake is thrown to the masses... small bait given in a hope to gain network effect and so even more money for her). This  Opost in particular being a brainstorming on "how to justify what is in our personal narrow interest, is the only and true way forward for everyone else"...

This lesson of course - when money and power are at stake, all other virtues tend to be twistable...

Crickey you guys just won't let up will you? How about using your big brains to contribute to the discussion without trying to twist it with some dark agenda?   Steemit does not qualify as a 'beneve-whale' and as such is clearly not the point of the discussion. If you don't like Steem, fine. We have BitShares. We have BitShares and its vision in part because of the virtue of those you are disparaging.

I appreciate your constantly uplifting, positive and unifying attitude Ben, you Clains & Fuzzy in particular imo are among other things, critical rocks of support for those who face often unfair criticism while doing the hard work of actually building BTS & I have faith that you are and will remain steadfast supporters of BTS and it's values.

While I apologise to anyone I unfairly criticise in my defence of BTS does the 'voting is overrated' post, sound BTS friendly in your opinion?

95
General Discussion / Re: Whale Powered Assets
« on: April 19, 2016, 11:42:36 pm »
Proposals are based in part on what resources are available to work on them.
Resources are hired based on the availability of stable funding.
A constant battle over who controls the funding light switch means no one dares hire against any line item.
So the resources remain allocated elsewhere.

Voting is overrated.  I wouldn't want to ride on an aircraft controlled by voting passengers.
Give me a benevolent whale any day.
:)

While perhaps an isolated and overly suspicious view, posts like the above make me think a lot of Stan's recents threads like this one are actually veiled pitches for Steem which is already controlled by a 'benevolent whale' in form of Steemit. If so I think they should be moved to random discussion.


96
General Discussion / Re: dilution for BTS and funding for development
« on: April 19, 2016, 10:49:03 pm »
In the other thread Stan seems to have relegated the bond market to an optional feature that is "still possible", whereas in reality it is essential if BTS is going to be seen as a real competitor to Polo. People want to short everything, not just BitAssets.

Stan doesn't get to relegate anything to anywhere.

The voters are 100% in control of what gets funded and hence, what gets built.

So when is the bond market proposal available for voting?

This is what I don't get... CNX complains that bitshares is unwilling to pay workers yet they never even create a proposal to vote on.

The only worker out there are bug fixers, GUI improvement and documentation.  Important, but none of those are adding a new core feature.

Proposals are based in part on what resources are available to work on them.
Resources are hired based on the availability of stable funding.
A constant battle over who controls the funding light switch means no one dares hire against any line item.
So the resources remain allocated elsewhere.

Voting is overrated.  I wouldn't want to ride on an aircraft controlled by voting passengers.
Give me a benevolent whale any day.

:)

So you are only going to create a worker proposal if you are guaranteed to get funding... yet there is no way to guarantee funding.

Good job CNX... you designed a system that not even you guys can utilize.

I may be way off base here, but my current impression is that a lot of Stan's recent posts are thinly veiled pitches for Steem & should probably be relegated to the random discussion area.

97
General Discussion / Re: Should BTS end merger vesting BTS early?
« on: April 19, 2016, 05:22:37 pm »
Sorry for the simple question, but if nothing is done, when does vesting naturally end? What named accounts are receiving vesting funds, and in what amounts?

I don't think it should end early. To me, that seems like breaking an agreement.

The merger naturally ends on 5th Nov 2016 I think.

So not too long but it is a large amount, circa 50 BTC per week being released at current rates.

The merger gave 500 million BTS to holders of AGS, PTS, VOTE and DNS vested over two years. I think this was the final allocation...



https://bitcointalk.org/index.php?topic=844038.0

98
General Discussion / Re: how to mine steem
« on: April 18, 2016, 10:49:32 pm »
Also, did anyone else notice how the initial Steem git commit was a dump of the all files, rather than a fork the graphene repo?

Nice way to keep the work hidden from the Github history/fork browser and the project secret during its initial stages.

Should also make it more difficult to cherry-pick and back-port changes to the Bitshares code-base.

Very sneaky!
.
Grow up.
 
"You just need thick skin and the ability to ignore the Bitcoin pharisees and the angry mob they incite to nail you to a cross for failing to sacrifice your creation to the prevailing mining gods."

Bytemaster, How to Launch a Crypto Curency Legally while Raising Funds
http://bytemaster.github.io/article/2016/03/27/How-to-Launch-a-Crypto-Currency-Legally-while-Raising-Funds/

My wild speculation is that when you funded STEALTH you were unaware of another DAC being concurrently developed. I think it's a possibility you have been given some of the 80% of STEEM they initially mined themselves (& obfuscated in their Bitcointslk announcement) as some form of compensation, hence your multiple post support for a DAC  that I would think you would otherwise not be thrilled about in your position.

@Empirical1.2

You were offered a paid position with signatory power on the STEALTH Board of Advisors. Had you accepted, you would realize that I have not made any decisions without extensive  consultations with the members of that Board who are all long term and trusted members of the BitShares Community.

But you turned down the offer.

So for you to now make "wild speculation" about my actions and motivations out of ignorance when you could have had full knowledge is just a wee bit disingenuous, don't you think?

"support for a DAC that I would think you would otherwise not be thrilled about in your position"

And just why would I not be thrilled about a new DAC which I consider to have a long term possibility of getting BitShares out of the temporary impasse it has come to?

Just because some directions taken by Bytemaster may appear, in the myopic short term,  detrimental to my narrowly defined financial interest, does not mean that I have ever wavered from my full support of his vision and mission to secure life, liberty and property. That is because his mission harmonizes well with my own goal of enabling and cultivating free expressions of the free human spirit.

I appreciated your kind offer to be involved in Stealth as I said at the time. But as you say I turned it down so I don't have any information as to your motivations hence my speculation which I prefaced as such, not an accusation.

The reason you may not otherwise be thrilled with STEEM is clear in my reply,  (BM working on another DAC, unknown to you at the time could have influenced your decision to put a lot of your savings into Stealth and may also have an impact on the success of Stealth (Given BM's obvious talent & value to BTS)

Thanks for the reply though, that's great if your support for STEEM is largely based on your ability to take the long view and also have a vision for the world that transcends your short term financial interest & that you believe STEEM aligns with those principles and vision. Apologies if I've speculated unfairly that it was possibly due to being compensated with STEEM.

99
General Discussion / Re: how to mine steem
« on: April 18, 2016, 10:28:02 am »
Also, did anyone else notice how the initial Steem git commit was a dump of the all files, rather than a fork the graphene repo?

Nice way to keep the work hidden from the Github history/fork browser and the project secret during its initial stages.

Should also make it more difficult to cherry-pick and back-port changes to the Bitshares code-base.

Very sneaky!
.
Grow up.
 
"You just need thick skin and the ability to ignore the Bitcoin pharisees and the angry mob they incite to nail you to a cross for failing to sacrifice your creation to the prevailing mining gods."

Bytemaster, How to Launch a Crypto Curency Legally while Raising Funds
http://bytemaster.github.io/article/2016/03/27/How-to-Launch-a-Crypto-Currency-Legally-while-Raising-Funds/

My wild speculation is that when you funded STEALTH you were unaware of another DAC being concurrently developed. I think it's a possibility you have been given some of the 80% of STEEM they initially mined themselves (& obfuscated in their Bitcointslk announcement) as some form of compensation, hence your multiple post support for a DAC  that I would think you would otherwise not be thrilled about in your position.

100
General Discussion / Re: Should BTS end merger vesting BTS early?
« on: April 17, 2016, 05:36:14 pm »
i think the question is not clear.

if you intent to free my vesting BTS we could do it, if you want to delete it i am against it. I hope this poll is about the first one.

Apologies for the unclear question, the poll was to delete it,  merockstar has also declared his yes vote void.

https://bitsharestalk.org/index.php/topic,22237.msg289902.html#msg289902

I don't like editing polls after but as a few have been unclear on this point I will put an edit in the OP.

deleting! what a terrible idea. i don't even want to think about this, why should we do this? srew me and others more then now?

Nearly all of my BTS are vesting BTS too, my reasons why this could be in the best interest of BTS are in the OP and my other replies in the thread.

101
General Discussion / Re: Should BTS end merger vesting BTS early?
« on: April 17, 2016, 04:46:50 pm »
i think the question is not clear.

if you intent to free my vesting BTS we could do it, if you want to delete it i am against it. I hope this poll is about the first one.

Apologies for the unclear question, the poll was to delete it,  merockstar has also declared his yes vote void.

https://bitsharestalk.org/index.php/topic,22237.msg289902.html#msg289902

I don't like editing polls after but as a few have been unclear on this point I will put an edit in the OP.

102
I see in a quote I used in another thread there was also reference to a large dev fund for BTS that is slowly being released via the merger...

The result is that as part of the merger many people (including the large Dev fund) are taking a long-term vested interest in things.
Do you really want Toast, Adam, and I to have instant access to a large percentage of all new funds or do you want us vesting with a long time horizon? 

Will we still benefit from that or has that been kind of lost given that they've said they've had to spend some of their own money funding BTS?

103
General Discussion / Re: Should BTS end merger vesting BTS early?
« on: April 17, 2016, 02:00:20 pm »
I suspect a lot comes down to how one views the vested balances. I view them as just as legitimate as other BTS, fungible or not. Others seem to take the view that because these BTS are not liquid, then somehow they are in a second class. Obviously I disagree.

Part of the reason they were made vesting was to ensure we retained our devs.

The result is that as part of the merger many people (including the large Dev fund) are taking a long-term vested interest in things. 
Do you really want Toast, Adam, and I to have instant access to a large percentage of all new funds or do you want us vesting with a long time horizon? 


We failed to retain Toast, Adam/FMV is crowd-funding separately and BM is focusing on another DAC.

There is also speculation there has been a lot of selling by key parties...  https://bitsharestalk.org/index.php/topic,22098.msg287894.html#msg287894

So in addition to all of the above, by continuing the merger we may also be inadvertently (though I'm sure they will disagree) funding other DACs at our expense.

We are the single largest holder of PTS by far.  Giving a large stake to PTS and AGS would be massively in our favor.

I understand your POV gamey and perhaps it is the correct one, but continuing the expensive merger is not a competitive/successful business strategy for BTS at this stage imo so it is worth discussing.

104
General Discussion / Re: how to mine steem
« on: April 17, 2016, 10:17:58 am »
Obviously STEEMIT believe their approach is justified but if you believe STEEM's approach is questionable, perhaps let CMC know that they mined at least 80% of the initial STEEM themselves and 99.5% is not liquid so they can decide how best to value them according to current conventions on their site. https://bitcointalk.org/index.php?topic=199685.4600

We have secured ~80% of the initial STEEM via mining.

Only 0.47% of STEEM is liquid in individual accounts, this is going to make the pump on CMC legend... wait-for-it... dary!
I...

While questionable valuations in crypto are nothing new, e.g. Banx, my personal view is that if a lot of coins mined >80% of the initial coins to themselves and had >99.5%+ non liquid & that all counted towards 'available supply' then you would have hundreds/thousands of coins seemingly worth >$10 million with minuscule, possibly manipulated volume which would seriously undermine crypto valuations.

I think it's likely only 0.5% or some other number will/should be counted as available supply on CMC and the rest should count as total supply similar to Ripple http://coinmarketcap.com/currencies/ripple/#markets

105
sry, but for "free" is a little bit underestimate. They got plenty of funds, but some of these funds got thrown away carelessly. I am pretty sure that bytemaster has a large
balance from mining PTS and this is the reason why he cannot compare his position with svks. in most cryptoprojects the devs are not paid because they are the founders and hold large positions, so i think it is not wicely that the founder leave this project without delevering what was promised. To say this project is complete and he moves on - leaves me just not understanding.

keep in mind what was promised for BTS 2.0 and with the mergers. So far not much was acomplished.

I think BM has accomplished quite a lot with BTS, it is a great platform, there's also a limited amount he can do without development workers at this stage and they have said they are willing to continue develop features if shareholders vote/fund them.

Though we obviously have to take account of the fact that he has been working on & will be focusing most of his time on another DAC and adjust accordingly to make sure BTS stays competitive and will be successful.


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