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Messages - Bhuz

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151
Technical Support / Re: New Wallet & how to import balance
« on: February 07, 2016, 01:34:39 am »

Oh no, im getting really worried with this. Even the backup i did when i first migrated to 2.0 restores and shows the new account. Can i use the original brainkey to get back to my original account? I mean, i have multiple backups and the brainkey.

@bytemaster @zeroc - I have restored the backup but it shows my new account. I have my original brainkey, how can i use that?
Wallet management console, new wallet, custom brainkey (advanced)

152
General Discussion / Re: Things I don't like about the committee
« on: February 06, 2016, 05:54:29 pm »
It seems the current committee is operating exactly as documented.

Well, we are actually  gathering more feedback compared to what the documentation seems to says.

We gathered feedback before and during the creation of our proposal.
We are going to gather other feedback after the proposal will be given to the public for listen to their thoughts/ideas/comments etc.

Only after that, we are going to approve the proposal (probably modified with community input) and let the stakeholders do their job with the voting process.

153
General Discussion / Re: Things I don't like about the committee
« on: February 06, 2016, 03:59:58 pm »
For me it's a loose collection of people, each of the them represents some kind of unique political view & experience and they do not really need to work together, apart from coordinating the usage of the mulit-sig account they share and control. All they need to do (free of charge), is discuss things publicly between each other, so that voters can form a view who is right and who is not. This way it's more like a panel of independent judges, each having his own wisdom.

Yes, and tell me: does the name "bitcrab" say something to you?

Because last couple of threads he make, ended up with just endless personal attacks.
People went crazy without a real reason, without trying to read and really understand his points.
I only saw a bunch of closed-minded/i-know-it-alls people insulting him without bring real and constructive arguments on the topic.
I only saw really stupid statements like: he is going to fork bts, he is going to kill bts, he is going to kill the referral program, he is going to replace all the committee, he is going to replace the witnesses.
Just after couple of minutes from his post, some people opened new threads titled "Please vote out Bitcrab if you care about bitshares" and "OBITS HODLERs, your money is in danger", just because a community member stated his pov. There was not even a proposal attached to his thread.

So, please, you can dream what you want, but try to stick to the reality of this forum.

154
General Discussion / Re: What if we let the registrars set the LTM price?
« on: February 06, 2016, 03:13:12 pm »
So my current standing is that LTM/AM (and/or shorter membership schemes, e.g. monthly, if they get introduced) are the only subject of this proposal.
As for other fees - it could be done but I don't see a reason why we would need it.

Why don't we make it fully consistence at this point?

Let's have the committe decide the basic_fee for every operation.

Then let's allow the registrar to enter a % value that will be added on top of all basic fee.

E.g.
network basic fee:
   -transfer 10 bts
   -account_upgrade 10k bts

Registrar jakub choose 75% for his "costumers" jakub-cost

jakub-cost will pay:
   -transfer 17.5 bts
   -account_upgrade 17.5k bts

Jakub will take the %cut he charged:
   -transfer 7.5 bts
   -account_upgrade 7.5k bts

155
General Discussion / Re: Things I don't like about the committee
« on: February 06, 2016, 02:44:52 pm »
I think your are missing the point. If I wanted I could copy-paste all your debates into the forum to make them public.
But that's not really the point.

I have not missed the point, my post was a reply to Akado, not to you. So actually I don't get this last reply of you, but anyway...


The point is that when you are hiding behind Telegram, the validity of your arguments is not challenged by anyone.
You may say something stupid, and it will go unnoticed because nobody really can be bothered to go through Telegram and trace who said what.
On the forum though, there are still a few people left who will bother to comment and will point it out when you're talking rubbish.

Why do you think BM asked you yesterday to make formal notes of your debates? Because he's that interested in all those details you discuss?
I'd rather think he wants your logic to be exposed to the public scrutiny.

I don't really get you here...

Since we are going to public the fee schedule with all of our thoughts and rational conclusions on why we are proposing what we have come up with, what you are saying does not make sense.

If we will present something stupid, flawed, or anything that someone would like to comment, He will be free to point it out.
No one is hiding behind telegram or prevent someone to challenge our arguments.

But we need an argument first, so give us the time we need to be able to make it rational/sound/understandable.

156
General Discussion / Re: Things I don't like about the committee
« on: February 06, 2016, 02:11:00 pm »
Really, jakub, I don't get your point.

The forum is full of discussion about the fee structure. I spend a lot of time here, and I find that I can follow these discussions only on a very general level. Those who invest the time to sieve through all these posts and come up with proposals that try to balance everybody's interests in the best possible way deserve my highest respect. Especially so the committee members, because whatever they come up with they're likely to get flamed by someone!

transparency does not mean any discussion should happen in forum, inner discussion are also needed.

+1

I just wanted to say that I urge tell you: THANK YOU!

157
General Discussion / Re: Things I don't like about the committee
« on: February 06, 2016, 02:07:14 pm »
Well, this is all based on trust. I understand jakub's view on this. Transparency is good and people can keep up with the discussions, see who is active, who is not, if the committee is "wasting" time debating over something that I think it's not relevant, etc, basically, to monitor if I should support them or not.

However I also understand the committee's opinion that sometimes there should be some privacy. There has been lack of communication and understanding in the past so the fact one member brings a controversial topic up, people can immediately panic and make a storm out of something that didn't really have importance. That privacy is good to avoid those things and imo, also because without people constantly in the middle they can (or should) work faster.

Like I said in the beggining, it's a matter of trust. If you don't like the way the committee operates, vote them down, vote for people who are more transparent. People always have the choice to vote for what they want right?

 +5%


What I would suggest is:
Create a slack channel, it might be me but telegram sucks. I really don't like it. I don't want to install the app and I tried the web browser version, now it asks for a number again, etc. Also people might not want to share their phone number. It might not seem much for some but for others it can be. It needs to be easily accessible to everyone By using telegram you're already limiting people's access to the discussions.

Slack seems way better, saves the history, you can have a public channel and a private channel for committee to discuss. Or I imagine (not sure though) you could create one channel for committee discussion that everyone can see but only the committee members can participate, to avoid spam and loosing time. People then discuss what they see on the other channel.

It's way better. Telegram is just bad. It might be just me, but please consider moving to slack.

Btw: BitShares slack channel requires a CNX email... Not well thought. CNX should have their own slack, BitShares should have one for the community.

I think it is just personal preference at the end...

Anyway, the phone number you input will not be shared with other peoples. You have both a mobile application and web browser one, so it is really easily accessible to everyone.

We are limiting ppl access on telegram as mush as we would limiting ppl access to slack to whoever don't like slack and doesn't want to use it.
I think we can agree that we can not use both at the same time.

On telegram there are also other channel, Bitshares public one, witnesses, witnesses alert, committee, and probably other bitshares-regional too.
Having all this channel in one place is only a plus, above all for who have to deal with both committee and witnesses. The bots already present in telegram are also very usefull for everyone involved.

158
General Discussion / Re: What if we let the registrars set the LTM price?
« on: February 06, 2016, 01:44:28 pm »
So is this the conclusion?
* committee can set a bottom for LTM/AM and whatever short period memberships, which is paid to network
* we'll still have a built-in referral program, any registrars can set their own % of cut on top of basic network fee, they can set their own % of cut to referrers.
* no vesting on cash-backs.

I'll support it.

Yes, that's a very good summary.
I'd be happy to make a BSIP out of it but the current situation with the committee does not encourage me to do so.

If the committee manages to push through flat transfer fees at around $0.02, I cannot see much need for this concept.
My goal was to offer a sensible alternative which allows us to save the baby (i.e. keep flat transfer fees at the current level).
When the baby is killed, there is little need to have the alternative.

You should realize that IF "the committee manages to push through flat transfer fees at around $0.02" does it really MEANS the shareholders push it through with their votes.
So, IF the shareholders do not want to save the baby, it is not on the Committee.


If I correctly understood the proposal, I would support it.

Is it correct that the shareholders/network/committee would end up setting the basic/lower_limit fee, and each registrars would *add* another fee *on top of the basic one*?

Is this limited to LTM-fee, or it would work for *every fee* on the platform?


Could we have an astimation about time/cost for these changes?
IMO, they are not so "radical" at the end of the day, and would not cost very much, but I would like to hear abit's opinion that would be much more correct than mine. @abit

159
Businesses should never found their success, win, and revenue merely on referral system. It can be a plus for sure, but not the backbone.

@Bhuz
One more issue has crossed my mind: what is your proposal for people like fav or Max Wright?
They run blogs and make educational videos but don't have the resources to run their own hosted wallet service.
The majority of their audience does not include advanced users.

What is your solution for them?

I don't see what fav is doing as a real "business".

Anyway I still could argue that if they do not have resources to invest for their hosted wallet, maybe they are not so serious with their business at all.

And again, if they run blogs and make videos, there are thousand other ways to make some additional revenue from them.

Bitshares referral program can help them in both short term and long term.
That doesn't mean it has to be the only way to make a living

160
Why should you be able to steal the only revenue the network has from ltm-fee ?!

And BTW the motivation might not be "stealing from the network".
If I have a customer who would buy LTM but only if it cost $10, not $20, it's still better for the network to take this deal than to get nothing at all.
So it's not so black-and-white as you imply.
The network set the price. If you agree with it you can buy it, if not, you don't.

Would you sell me a new iPhone for 100$ only because I will not buy it for 800 but I could for 100?

Sure if Apple gives one to you for free... But why apple should?

Why the network should? We are going to decide the price, other will decide if buy it or not.

161
The only problem that remains is this: if I wanted to offer a LTM subscription but sell it below $20, I could not do this, could I?
I'm not saying it's a major flaw, I just want to make sure I understand it correctly.

Why should you be able to steal the only revenue the network has from ltm-fee ?!


And the other problem is this: what prevents me from modifying and recompiling the desktop GUI to avoid the fees?

Witnesses would not accept your transaction if it do not have *at least* the fee that the network requires for that operation.

You still could, on the other hand, overcharge the fee if you think it is too low for your business.

162
Regarding aspects (2) and (3) - actually, this *should* be the backbone for most "value-added" businesses (e.g. mobile apps).
And if we don't offer in-built tools for that, those businesses will start doing this on their own (e.g. kenCode is already gravitating towards this model) but this is quite unfortunate because:
- each business ends up adding a piece of functionality that should be shared across all similar businesses
- the network loses its 20% cut in the profits made by the busineses

I am not sure of fully understand your point here, so my reply could be "off-topic".

When you say that the RP should be the backbone for most value-added business...are you talking about the 20/80 split for every transaction, or the 20/80 split on account_upgrade?

I mean, are those businesses interested in keep their userbase as normal-user to have revenues from the operations-fee, or those businesses really would like to see all their users to upgrade to LTM and take the higher one-time fee from account_upgrade operation?

From what I understood reading this forum (mean: what I think ppl thinks about this), they really care about LTM-fee, so we could even have the RP working (20/80 split) "only" on the account_upgrade op?!

Anyway, I don't fully understand how the network would lose 20%... the net would always take his cut, and shareholoders/committee should try to maximize his revenue.
Shareholders/committee can do that by requesting ltm for some operation or for some desired features (bond market and such)


But if we call this "the subscription program" it all begins to make sense.
All major mobile companies are using this model and it works for them.

This could make sense....but the 20% of the network isn't already this? A kind of subscription you have to pay to use the service?
So, how would you justify another additional 80% paid to the referrer?

163
So you can forget about any significant income from LTM upgrades  - of course all this applies only in case of "non-advanced" referral businesses like kenCode's.

Why is that?

e.g: If kencode ask 30 BTS for normal users (overcharging the transaction fee) but 1 BTS for LTM (using only the requested fee from the network without overcharge), doesn't this tempt users to upgrade?


But with this freedom comes the burden of setting up some kind of referral program yourself, as the standard in-built referral program will no longer work for you.

This is true, but we are talking about business with developers!

Plus, my example of simply overcharge the fee in the transaction is a very easy way to achive that and basically do not need any development
I think you can use the built-in referral program, but changing the fee as you like (it need to be higher than what the network ask)

Or you just have to make 2 transaction:
-the first one as requested by the user (with only the network fee)
-the second one from the user to the business account (it is hidden from the user side, so he see it as an higher fee charged on the first transaction)

164
LTM pay 5 instead of 10. 50% reduction

Below certain price level, even 90% reduction does not change a customer's behavior.

As already stated, the business is free to chose that price level! Not only the % reduction!
But only if the network allows him (low fee).

165
So you say that thanks to upgrading to LTM I'll pay 10 BTS fee instead of 5 BTS fee.
Not a very attractive offer. If I was a non-advanced user, I'd never buy LTM. There will be practically no demand for it among non-advanced users.

LTM pay 5 instead of 10. 50% reduction


The point is: there is a certain level (e.g. 12 BTS) and if we set the flat transfer fee below this level, there is no way referral business, targeted to non-advanced users, can count on any income from LTM.
If they are fine with that, I'm fine with it too.

My example was just an example.
The point is that with low fee, the business's owner himself can really decide what fee apply.

If he, like you, thinks that his business can make more money charging a standard fee of 12 BTS (or 15, or 30) and than "sell" the available discount for LTM, he is free to do so!
Instead, with an higher fee on the network side, he lose that freedom.


Indeed, I can see that kenCode is already drifting in this direction - he does not treat LTM as the basis of his income any more.
(So why did he attack bitcrab's 1BTS proposal so passionately? There must have been some misunderstanding.)

I think kencode did not really understand what that proposal meant for his business. He probably do not know how many things he could do on top of bts and on top of the basic fee asked from the network.

I also think that unrational fear and personal attacks on bitcrab led others to continue to react very aggressively...

There was no reason at all to speak about "forking bts", "destroying bts", "destroying the referral program", "replacing all the committee members", "replacing the witnesses" and so on.
...and I am very sad that some of this absurd statements that led to an higher sense of fear, come from some committee member too...

But I think and hope we all have overcome that now!

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