16
General Discussion / Why only #3?
« on: March 27, 2017, 07:09:48 pm »
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17
General Discussion / Is there Trezor hardware wallet support for BitShares?
« on: March 26, 2017, 02:19:37 pm »
I read a rumour last year that 'Moonstone' (is it finished yet?) was working on enabling Trezor support with their wallet.
BTS needs to persuade crypto-traders who currently use centralized exchanges (potential bts customers) to trade large sums of money using the DEX.
When a simple key-logger could steal their funds irreversibly it's a pretty hard sell.
If you have to enter your super-secret password on a possibly compromised computer, are you going to trust it to trade $10,000's of value?
Could the reason for low liquidity/trading activity on the DEX be due to the perceived risk of keylogger theft?
@JonnyBitcoin made a video in 2015 about using the Trezor with an adroid phone, but that was for bitcoin. Not bitshares.
https://www.youtube.com/watch?v=g5lwtqsMoAI
Could this android app be modded to work with an android bitshares wallet?
Is there desktop computer Windows support to use trezor with bitshares?
EDIT: I found a steemit post talking about the Trezor Hackathon where @xeroc and @svk developed Trezor integration for Steem.
Does it work for BitShares?
BTS needs to persuade crypto-traders who currently use centralized exchanges (potential bts customers) to trade large sums of money using the DEX.
When a simple key-logger could steal their funds irreversibly it's a pretty hard sell.
If you have to enter your super-secret password on a possibly compromised computer, are you going to trust it to trade $10,000's of value?
Could the reason for low liquidity/trading activity on the DEX be due to the perceived risk of keylogger theft?
@JonnyBitcoin made a video in 2015 about using the Trezor with an adroid phone, but that was for bitcoin. Not bitshares.
https://www.youtube.com/watch?v=g5lwtqsMoAI
Could this android app be modded to work with an android bitshares wallet?
Is there desktop computer Windows support to use trezor with bitshares?
EDIT: I found a steemit post talking about the Trezor Hackathon where @xeroc and @svk developed Trezor integration for Steem.
Quote
https://steemit.com/steem/@svk/trezor-hackathon-putting-steem-on-the-trezor
Does it work for BitShares?
18
General Discussion / Is it possible to get bitUSD on coinmarketcap?
« on: March 25, 2017, 09:50:50 pm »
The 100th ranked coin on coinmarketcap.com right now is HEAT, with a market cap of $1.6millon.
In the bitUSD:bts market on the DEX, the current volume of buy orders is $84,000. The current volume of sell orders is $24,000.
If either of these 2 numbers (or the sum of them) becomes large enough one day to surpass $1.6m then would bitUSD be eligible for a ranking on coinmarketcap?
I think it would be great advertising, both for bitUSD and for bitshares. "How can bitUSD be within a separate cryptocurrency?" they'll ask
In the bitUSD:bts market on the DEX, the current volume of buy orders is $84,000. The current volume of sell orders is $24,000.
If either of these 2 numbers (or the sum of them) becomes large enough one day to surpass $1.6m then would bitUSD be eligible for a ranking on coinmarketcap?
I think it would be great advertising, both for bitUSD and for bitshares. "How can bitUSD be within a separate cryptocurrency?" they'll ask
19
General Discussion / Market Maker Instruction Manual?
« on: March 22, 2017, 02:09:52 pm »
Hello everyone,
I believe that it should be a regular thing for bitshares-holders to set aside a few % of their investment to become a 'market maker' on the DEX.
This is a profitable endeavor. So you will be earning a % on the fiat-value of your investment.
I don't know much about how to trade on the DEX, or how safe it is.
So I'm making this post to try and gather more accessible information that shareholders who read this forum will be able to use to benefit the bitshares network.
@JonnyBitcoin has written the most extensive information that I can find so far
http://www.investopedia.com/terms/m/marketmaker.asp
Excerpt:
How large does a BitShares Market Maker have to be in order to make a difference to the smooth-running of the bts network?
I would guess even $1-10 would be a big help to BitShares
Are there any instructions on how to do this?
How can a shareholder act as a 'market maker' on the BitShares DEX?
BitShares the network runs for the shareholders, by the shareholders. I think it follows that it is the responsibility of individual shareholders to help keep "the financial markets running efficiently" (Investopedia Quote).
How can shareholders do this?
Somebody please teach the shareholders the process, risks, rewards, and best ways to safeguard their bts-holdings.
Should they be floating 100% of their bitshares on the DEX to help 'make the market'?
Why/why not?
How much profit are market-makers likely to make?
How many $'s value do they need in initial capital to make a good profit?
How many trades are they likely to make in 1 day?
Is this high maintenance? How often do shareholders need to view their computer screen to check?
Hypothetical Scenario:
Let's say you have $10 worth of bitshares in cold storage.
You currently don't want to move these funds into a hot-wallet. It's your investment for the future and you really don't want to risk it.
Instead, you decide to purchase a new set of bitshares, for the $4 that you set aside to invest in bitshares at the end of the month. You decide you will use this $4 to become a market maker, knowing that this will help the bitshares network get established and attract new customers and investors. To help push the Price of bts: up.
You add these bts to your hot wallet and you get them onto the DEX.
You then set up trades between 2 assets, lets take bitUSD:OPEN.USDT for example. Because they both track the value of the dollar, so the relative value of each asset should remain the same. Meaning that it is less hassle, you don't have to check prices.
Firstly:
$2 are used to purchase bitUSD.
$2 are used to purchase OPEN.USDT, a bearer asset that tracks the dollar.
You then place 4 orders on the DEX.
Trade 1: You place an order to buy OPEN.USDT at a price of $0.98bitUSD per US.DT.
Successfully filling this trade would mean you now have $1.02USDT.
Trade 2: You place an order to short(sell) USDT at a price of $1.02bitUSD. If somebody
accepts this trade, you will have sold your $1.02USDT for $1.04bitUSD.
Trade 3: You place an order to buy bitUSD at a price of $0.98USDT per bitUSD.
Successfully filling this trade would mean you now have $1.02bitUSD.
Trade 4: You place an order to short (sell) bitUSD at a price of $1.02USDT per bitUSD.
IS THIS CORRECT?
I believe that it should be a regular thing for bitshares-holders to set aside a few % of their investment to become a 'market maker' on the DEX.
This is a profitable endeavor. So you will be earning a % on the fiat-value of your investment.
I don't know much about how to trade on the DEX, or how safe it is.
So I'm making this post to try and gather more accessible information that shareholders who read this forum will be able to use to benefit the bitshares network.
@JonnyBitcoin has written the most extensive information that I can find so far
http://www.investopedia.com/terms/m/marketmaker.asp
Excerpt:
Quote
What is a 'Market Maker'
A market maker is a broker-dealer firm that assumes the risk of holding a certain number of shares of a particular security in order to facilitate the trading of that security. Each market maker competes for customer order flow by displaying buy and sell quotations for a guaranteed number of shares, and once an order is received from a buyer, the market maker immediately sells from its own inventory or seeks an offsetting order. The Nasdaq is the prime example of an operation of market makers, given that there are more than 500 member firms that act as Nasdaq market makers, keeping the financial markets running efficiently.
Read more: Market Maker Definition | Investopedia http://www.investopedia.com/terms/m/marketmaker.asp#ixzz4c3jvFhmo
Follow us: Investopedia on Facebook
How large does a BitShares Market Maker have to be in order to make a difference to the smooth-running of the bts network?
I would guess even $1-10 would be a big help to BitShares
Are there any instructions on how to do this?
How can a shareholder act as a 'market maker' on the BitShares DEX?
BitShares the network runs for the shareholders, by the shareholders. I think it follows that it is the responsibility of individual shareholders to help keep "the financial markets running efficiently" (Investopedia Quote).
How can shareholders do this?
Somebody please teach the shareholders the process, risks, rewards, and best ways to safeguard their bts-holdings.
Should they be floating 100% of their bitshares on the DEX to help 'make the market'?
Why/why not?
How much profit are market-makers likely to make?
How many $'s value do they need in initial capital to make a good profit?
How many trades are they likely to make in 1 day?
Is this high maintenance? How often do shareholders need to view their computer screen to check?
Hypothetical Scenario:
Let's say you have $10 worth of bitshares in cold storage.
You currently don't want to move these funds into a hot-wallet. It's your investment for the future and you really don't want to risk it.
Instead, you decide to purchase a new set of bitshares, for the $4 that you set aside to invest in bitshares at the end of the month. You decide you will use this $4 to become a market maker, knowing that this will help the bitshares network get established and attract new customers and investors. To help push the Price of bts: up.
You add these bts to your hot wallet and you get them onto the DEX.
You then set up trades between 2 assets, lets take bitUSD:OPEN.USDT for example. Because they both track the value of the dollar, so the relative value of each asset should remain the same. Meaning that it is less hassle, you don't have to check prices.
Firstly:
$2 are used to purchase bitUSD.
$2 are used to purchase OPEN.USDT, a bearer asset that tracks the dollar.
You then place 4 orders on the DEX.
Trade 1: You place an order to buy OPEN.USDT at a price of $0.98bitUSD per US.DT.
Successfully filling this trade would mean you now have $1.02USDT.
Trade 2: You place an order to short(sell) USDT at a price of $1.02bitUSD. If somebody
accepts this trade, you will have sold your $1.02USDT for $1.04bitUSD.
Trade 3: You place an order to buy bitUSD at a price of $0.98USDT per bitUSD.
Successfully filling this trade would mean you now have $1.02bitUSD.
Trade 4: You place an order to short (sell) bitUSD at a price of $1.02USDT per bitUSD.
IS THIS CORRECT?
Bitshares is superior to other exchanges because it uses BitUSD which has no human liability and is decentralised.
But this advantage means little if our BitUSD is not available to buy in quantity near the peg.
A liquid asset is cash on hand or an asset that can be readily converted to cash. An asset that can readily be converted into cash is similar to cash itself because the asset can be sold with little impact on its value.
We need to make BitUSD a liquid asset. But how?
3.) BitUSD:OPEN.USDT market
The best way to show people BitUSD is worth 1 USD is to create a market where BitUSD trades against a bearer asset that is worth 1 USD. That would be USDT (see www.tether.to)
Bearer asset = Doesn't need to be kept in a named account.
I am trying to kick start the BitUSD:OPEN.USDT market with $1000 buy and sell walls and a 6% spread. Please take advantage of them or add some orders yourself. This market pair is easy for anyone to be a market maker in because both assets have the same face value meaning you don't have to trust bot software because orders don't need updating
20
时事新闻 / 想法：伦敦物业市场Smartcoin。 市场研究，实施假说
« on: March 12, 2017, 01:06:54 pm »
I have used Google Translate, sorry if it's hard to understand 
The Chinese community is a large part of BitShares and I want to share my ideas here too.
中国社区是BitShares的很大一部分，我想在这里分享我的想法。
大家好，
我有一个想法。
用于创建一个跟踪伦敦房地产市场平均价值的smartcoin。
在这些不确定的经济时期，来自世界各地的投资者正在寻找避险资产以保护他们的财富。投资伦敦物业在那里很好。
这些包括实物黄金，黄金支持债券，政府债券和其他实物资产。最大的实物资产是房子。世界上最稳定的房地产市场之一是伦敦。 1000年的历史，古老的纪念碑，世界权力的一席之地，一个受保护的英国海边和受过良好教育的劳动力使伦敦成为高度安全的土地自有。目前，对这片土地的投资是复杂的，法律上很艰巨。
使用当前的英国金融/法律制度，多个业主之间分享房屋所有权是复杂和昂贵的。买房和卖房也是一个相当不流通的市场。销售和购买可能需要几周或几个月。特别是如果伦敦的特定地区/自治市镇选择买房子，受到本地化的价格危害事件;如洪水，暴动等
外国法人投资也很难进入英国，除非你是非常富有。 BitShares资产的所有权没有共享这些并发症。
现有菲亚特比特股比赛。 http://www.markit.com/product/Halifax-House-Price-Index
The Chinese community is a large part of BitShares and I want to share my ideas here too.
中国社区是BitShares的很大一部分，我想在这里分享我的想法。
大家好，
我有一个想法。
用于创建一个跟踪伦敦房地产市场平均价值的smartcoin。
在这些不确定的经济时期，来自世界各地的投资者正在寻找避险资产以保护他们的财富。投资伦敦物业在那里很好。
这些包括实物黄金，黄金支持债券，政府债券和其他实物资产。最大的实物资产是房子。世界上最稳定的房地产市场之一是伦敦。 1000年的历史，古老的纪念碑，世界权力的一席之地，一个受保护的英国海边和受过良好教育的劳动力使伦敦成为高度安全的土地自有。目前，对这片土地的投资是复杂的，法律上很艰巨。
使用当前的英国金融/法律制度，多个业主之间分享房屋所有权是复杂和昂贵的。买房和卖房也是一个相当不流通的市场。销售和购买可能需要几周或几个月。特别是如果伦敦的特定地区/自治市镇选择买房子，受到本地化的价格危害事件;如洪水，暴动等
外国法人投资也很难进入英国，除非你是非常富有。 BitShares资产的所有权没有共享这些并发症。
现有菲亚特比特股比赛。 http://www.markit.com/product/Halifax-House-Price-Index
Quote
历史[/ u]
HPI是英国最长的运行房价系列，数据可追溯至1983年1月。
HPI跟踪英国房地产市场，而不是伦敦。
[/ size] [size = 18pt] 我不知道你是否可以直接投资HPI作为资产，或者只是购买数据用于辅助投资。
覆盖率[/ u]
122个指数产生，包括5个月度指数，65个季度指数和52个年度指数。所有12个英国地区覆盖，除了所有房屋的所有买家，现有住房，首次购房者和前自用的占有者的指数。
透明度[/ u]
公开的方法指南，为用户提供清晰的模型方法和计算的理解。
一致性[/ u]
方法在整个哈利法克斯HPI历史上保持一致，使得当前指数水平与历史价值的直接可比性。[/ quote]Quote房地产市场复苏的典型方式是购买房屋，但是这通常需要大量的存款，达到几万英镑，并购买一个流动性不足的资产，如果你决定出售，这些资产可能需要几个月的时间。
另一个选择，不愿意投入相当强烈的财产的投资者是选择可以从复兴中受益的公司。
我们要求白先生突出他的主要股票，以利用房地产市场复苏。他选择了九个股票，他认为可以受益，这是金钱强调第十股股票，已经看到了严重的痛苦和巨大的收益近年来。
http://www.thisismoney.co.uk/money/diyinvesting/article-2442498/Ten-shares-advantage-property-market-recovery.html
[/引用]
文章然后继续列出家庭改善无线电公司，它们可能随着房地产市场的上涨而获得价值。
房地产投资者可用的投资工具非常有限，不能直接或容易投资。
[size = 24pt] BitShares可以生成一个可分割的，高度可交易的资产，跟踪伦敦物业在过去365天的平均销售价格。 [/ u] [/ size]
这将：[/ b] [/ u]
[list type = decimal]
[li]降低风险，因为取伦敦全部房产的平均值意味着伦敦市场的冲击将被伦敦其他地区的冲击。[/ li][/list]
- 允许少量投资少量的钱。[/ li]
- 允许来自世界各地的交易者投资无忧[/ li]
[/ list]
伦敦房地产市场的部分原因是外国投资。富有的外国人买房子作为投资。
购买实体房屋限制了可以拥有市场份额的个人数量，并限制可投资的金额。你能使用当前的金融技术购买1英镑的股票吗？
行为和法律费用将是巨大的。
为什么这个资产可以以bitGold和bitIndex智能币没有 [/ i] [/ u] [/ b]的方式捕获安全港投资者市场，
bitGold和bitIndex的跟踪证券交易所只是加密现有的金融产品。投资者可以通过平法获得相同的风险敞口。 BitShares在这种情况下为他们提供安全和隐私，但不提供一个全新的资产。
[size = 24pt] bitLPM（LondonPropertyMarket）将能够准确地接触投资者已经寻求几十年，但只能够获得代理风险暴露的市场。 [/尺寸]
伦敦房地产市场平均房价指数。
[/ b] [/ u]
涉及的潜在因素：[/ b] [/ u]
- 伦敦房地产市场[/ li]
- 成立房地产代理/房地产经纪人，以上市房地产价格数字赢得声誉。[/ li]
- BitShares-literate Witness（？）谁刮刮房地产代理数据，取平均值并计算指数的价值[/ li]
[/ list]
对齐激励[/ b] [/ u]
地产代理/房地产经纪人很习惯为佣金工作。他们臭名昭着的无情的利润饥饿。
情况：房地产代理公司在过去一周的时间内，以每周一次的价格发布可居住住宅的最低房价。多个房地产机构参与，以实现每个伦敦自治市的价格数据。然后对数据进行加权，以获得伦敦总体房产平均价格的准确值。
这可以通过（大的和建立的，可信的）地产代理在其网站或社交媒体上公布价格，然后用私钥签署它来实现。他们可以使用他们选择的任何加密，只要他们能满足市场，他们作为一个值得信赖的商业的声誉背后的价格，他们报价。
这些房地产代理需要在bitLPM或BitShares的财政奖励。
见证人（？）谁策划指数和整理房地产代理数据将需要激励这样做。这些计算应尽可能采用简单的公式，以便非专家投资者容易地验证。
要产生这个bitLPM索引将需要一些可能复杂的移动部分。
准确性可以减少以便获得简单性和可靠性，因为投资者更有可能寻求实现稳定的避险资产。只要bitLPM与伦敦房地产市场具有相同的趋势，那么它就实现了它的目标。
即使这个bitLPM不会很快创建，BitShares启用这种对以前不可能的资产commiditization的事实是惊人的。
一旦世界意识到这是他们需要的，他们的研究将导致他们比特股作为最安全，可靠和价格合理的技术为他们做:)
ENGLISH:QuoteHello everyone,
I've had an idea.
For the creation of a smartcoin that tracks the average value of the London Property Market.
During these uncertain economic times investors from all over the world are looking for safe haven assets to protect their wealth. Investing in London Property is well up there.
These involve physical gold, gold backed fiat IOUs, government bonds and other physical assets. The largest physical asset being houses. One of the most stable property market in the world is London. 1000's of years of History, ancient monuments, a seat of world power, a well protected UK sea-border and an educated workforce make London a high-security plot of land to own. Currently, investing in this land is complicated, and legally strenuous.
House ownership is complicated and expensive to share between multiple owners using the current UK financial/legal system. Buying and selling houses is also a rather illiquid market. Sale and purchase can take weeks or months. Especially if the particular area/borough of London you chose to buy a house in suffers from localised price-harming events; such as flooding, rioting... etc
Foreign fiat investment is also hard to get into the UK unless you are very wealthy. Ownership of a BitShares asset shares none of these complications.
The Existing Fiat Competition for BitShares. http://www.markit.com/product/Halifax-House-Price-IndexQuoteHistory
The HPI is the UK’s longest running house price series, with data extending back as far as January 1983.
The HPI tracks the UK property market, not London.
I'm not sure if you can directly invest in the HPI as an asset, or merely buy the data to use for ancillary-investments.
Coverage
122 HPI indices produced, comprising 5 monthly indices, 65 quarterly indices and 52 annual indices. All 12 UK regions covered, in addition to indices for all houses all buyers, existing homes, first time buyers and former owner occupiers.
Transparency
Publicly available methodology guides, providing users with clear understanding of model methodology and calculation.
Consistency
Methodology has remained consistent throughout the Halifax HPI history, enabling direct comparability of current index levels with historical values.QuoteThe classic way to play a property market recovery is to buy homes themselves, but that typically requires a hefty deposit running into tens of thousands of pounds and purchasing an illiquid asset that can take months to shift if you decide to sell.The article then goes on to list Home Improvement businsess' that are likely to gain in value alongside a property market rise.
Another option for investors not willing to commit quite so strongly to property is to pick companies that can benefit from a revival.
We asked Mr White to highlight his top stocks to take advantage of a property market recovery. He picks nine shares he thinks can benefit and This is Money highlights a tenth stock that has seen both severe pain and huge gains in recent years.
http://www.thisismoney.co.uk/money/diyinvesting/article-2442498/Ten-shares-advantage-property-market-recovery.html
The investment instruments available to property investors are very limited, and can not invest directly or easily.
BitShares could produce a divisible, highly tradable asset that tracks the average sale price of London property over the previous 365 days.
This would:
- Reduce risk, as taking an average of all London property would mean that shocks within the London market would be damped by other areas of London.
- Allow minor investment of small amounts of money.
- Enable traders from all over the world to invest hassle free
The London Property Market is fueled partly by foreign investment. Wealthy foreign nationals buying houses as investments.
Buying a physical house limits the number of individuals who can own a share in the market, and restricts the amount of money that can be invested. Could you buy a £1 share in a house using current financial tech?
The deeds and legal fees would be enormous.
Why This asset could capture the safe-haven-investor market in ways that bitGold and bitIndex smartcoins haven't yet
bitGold and bitIndex's that track stock exchanges are only crypto-izing existing financial products. Investors could get the same exposure via fiat methods. BitShares gives them security and privacy in this case, but does not provide an entirely new asset.
bitLPM (LondonPropertyMarket) would enable accurate exposure to a market that investors have sought after for decades, but have only been able to gain proxy-exposure to.
An Index of the Average Property Prices of the London Property Market.
Potential Elements involved:
- The London Property Market
- Established Estate Agencies/Realtors to stake their reputation on a quoted property price figure.
- BitShares-literate Witness'(?) who scrape the estate agent data, take averages and calculate the value of the index
Aligning Incentives
Estate Agents/Realtors are very used to working for a commission. They are notorious for being ruthlessly profit hungry.
Scenario: An Estate Agency publishes the lowest property price for a habitable dwelling on their books over the past one week period, on a weekly basis. Multiple estate agencies are involved so as to achieve price data for each of the London Boroughs. The data is then weighted to get an accurate value of the average price of property in London overall.
This could be achieved by the (large and established, trustworthy) Estate Agency publising a price on their website or social media, and then signing it with a private key. They could use any crypto of their choosing so long as they can satisfy the market that their reputation as a trusted business is behind the price that they quote.
These Estate Agencies would need to be financially rewarded by the bitLPM or BitShares.
Witness's(?) who curate the index and collate the estate-agency data would need to be incentivized to do so. These calculations should follow as simple a formula as possible, so as to be easily verified by non-expert investors.
To produce this bitLPM index would require a few potentially complicated moving parts.
Accuracy could be reduced in order to gain simplicity and reliability, as investors are more likely to be looking to achieve a stable safe haven asset. So long as bitLPM performs with the same trends as the London Property Market, then it is fulfilling it's goals.
Even if this bitLPM doesn't get created soon, the very fact that BitShares enables this kind of commiditization of previously unattainable assets is amazing.
Once the world realises this is what they need, their research will lead them to BitShares as the most secure, reliable, and well-priced technology to do it for them
21
General Discussion / Idea: London Property Market Smartcoin. Market Research,Implementation Hypothesi
« on: March 12, 2017, 12:46:53 pm »
Hello everyone,
I've had an idea.
For the creation of a smartcoin that tracks the average value of the London Property Market.
During these uncertain economic times investors from all over the world are looking for safe haven assets to protect their wealth. Investing in London Property is well up there.
These involve physical gold, gold backed fiat IOUs, government bonds and other physical assets. The largest physical asset being houses. One of the most stable property market in the world is London. 1000's of years of History, ancient monuments, a seat of world power, a well protected UK sea-border and an educated workforce make London a high-security plot of land to own. Currently, investing in this land is complicated, and legally strenuous.
House ownership is complicated and expensive to share between multiple owners using the current UK financial/legal system. Buying and selling houses is also a rather illiquid market. Sale and purchase can take weeks or months. Especially if the particular area/borough of London you chose to buy a house in suffers from localised price-harming events; such as flooding, rioting... etc
Foreign fiat investment is also hard to get into the UK unless you are very wealthy. Ownership of a BitShares asset shares none of these complications.
The Existing Fiat Competition for BitShares. http://www.markit.com/product/Halifax-House-Price-Index
The investment instruments available to property investors are very limited, and can not invest directly or easily.
BitShares could produce a divisible, highly tradable asset that tracks the average sale price of London property over the previous 365 days.
This would:
The London Property Market is fueled partly by foreign investment. Wealthy foreign nationals buying houses as investments.
Buying a physical house limits the number of individuals who can own a share in the market, and restricts the amount of money that can be invested. Could you buy a £1 share in a house using current financial tech?
The deeds and legal fees would be enormous.
Why This asset could capture the safe-haven-investor market in ways that bitGold and bitIndex smartcoins haven't yet
bitGold and bitIndex's that track stock exchanges are only crypto-izing existing financial products. Investors could get the same exposure via fiat methods. BitShares gives them security and privacy in this case, but does not provide an entirely new asset.
bitLPM (LondonPropertyMarket) would enable accurate exposure to a market that investors have sought after for decades, but have only been able to gain proxy-exposure to.
An Index of the Average Property Prices of the London Property Market.
Potential Elements involved:
Aligning Incentives
Estate Agents/Realtors are very used to working for a commission. They are notorious for being ruthlessly profit hungry.
Scenario: An Estate Agency publishes the lowest property price for a habitable dwelling on their books over the past one week period, on a weekly basis. Multiple estate agencies are involved so as to achieve price data for each of the London Boroughs. The data is then weighted to get an accurate value of the average price of property in London overall.
This could be achieved by the (large and established, trustworthy) Estate Agency publising a price on their website or social media, and then signing it with a private key. They could use any crypto of their choosing so long as they can satisfy the market that their reputation as a trusted business is behind the price that they quote.
These Estate Agencies would need to be financially rewarded by the bitLPM or BitShares.
Witness's(?) who curate the index and collate the estate-agency data would need to be incentivized to do so. These calculations should follow as simple a formula as possible, so as to be easily verified by non-expert investors.
To produce this bitLPM index would require a few potentially complicated moving parts.
Accuracy could be reduced in order to gain simplicity and reliability, as investors are more likely to be looking to achieve a stable safe haven asset. So long as bitLPM performs with the same trends as the London Property Market, then it is fulfilling it's goals.
Even if this bitLPM doesn't get created soon, the very fact that BitShares enables this kind of commiditization of previously unattainable assets is amazing.
Once the world realises this is what they need, their research will lead them to BitShares as the most secure, reliable, and well-priced technology to do it for them
I've had an idea.
For the creation of a smartcoin that tracks the average value of the London Property Market.
During these uncertain economic times investors from all over the world are looking for safe haven assets to protect their wealth. Investing in London Property is well up there.
These involve physical gold, gold backed fiat IOUs, government bonds and other physical assets. The largest physical asset being houses. One of the most stable property market in the world is London. 1000's of years of History, ancient monuments, a seat of world power, a well protected UK sea-border and an educated workforce make London a high-security plot of land to own. Currently, investing in this land is complicated, and legally strenuous.
House ownership is complicated and expensive to share between multiple owners using the current UK financial/legal system. Buying and selling houses is also a rather illiquid market. Sale and purchase can take weeks or months. Especially if the particular area/borough of London you chose to buy a house in suffers from localised price-harming events; such as flooding, rioting... etc
Foreign fiat investment is also hard to get into the UK unless you are very wealthy. Ownership of a BitShares asset shares none of these complications.
The Existing Fiat Competition for BitShares. http://www.markit.com/product/Halifax-House-Price-Index
Quote
History
The HPI is the UK’s longest running house price series, with data extending back as far as January 1983.
The HPI tracks the UK property market, not London.
I'm not sure if you can directly invest in the HPI as an asset, or merely buy the data to use for ancillary-investments.
Coverage
122 HPI indices produced, comprising 5 monthly indices, 65 quarterly indices and 52 annual indices. All 12 UK regions covered, in addition to indices for all houses all buyers, existing homes, first time buyers and former owner occupiers.
Transparency
Publicly available methodology guides, providing users with clear understanding of model methodology and calculation.
Consistency
Methodology has remained consistent throughout the Halifax HPI history, enabling direct comparability of current index levels with historical values.
Quote
The classic way to play a property market recovery is to buy homes themselves, but that typically requires a hefty deposit running into tens of thousands of pounds and purchasing an illiquid asset that can take months to shift if you decide to sell.The article then goes on to list Home Improvement businsess' that are likely to gain in value alongside a property market rise.
Another option for investors not willing to commit quite so strongly to property is to pick companies that can benefit from a revival.
We asked Mr White to highlight his top stocks to take advantage of a property market recovery. He picks nine shares he thinks can benefit and This is Money highlights a tenth stock that has seen both severe pain and huge gains in recent years.
http://www.thisismoney.co.uk/money/diyinvesting/article-2442498/Ten-shares-advantage-property-market-recovery.html
The investment instruments available to property investors are very limited, and can not invest directly or easily.
BitShares could produce a divisible, highly tradable asset that tracks the average sale price of London property over the previous 365 days.
This would:
- Reduce risk, as taking an average of all London property would mean that shocks within the London market would be damped by other areas of London.
- Allow minor investment of small amounts of money.
- Enable traders from all over the world to invest hassle free
The London Property Market is fueled partly by foreign investment. Wealthy foreign nationals buying houses as investments.
Buying a physical house limits the number of individuals who can own a share in the market, and restricts the amount of money that can be invested. Could you buy a £1 share in a house using current financial tech?
The deeds and legal fees would be enormous.
Why This asset could capture the safe-haven-investor market in ways that bitGold and bitIndex smartcoins haven't yet
bitGold and bitIndex's that track stock exchanges are only crypto-izing existing financial products. Investors could get the same exposure via fiat methods. BitShares gives them security and privacy in this case, but does not provide an entirely new asset.
bitLPM (LondonPropertyMarket) would enable accurate exposure to a market that investors have sought after for decades, but have only been able to gain proxy-exposure to.
An Index of the Average Property Prices of the London Property Market.
Potential Elements involved:
- The London Property Market
- Established Estate Agencies/Realtors to stake their reputation on a quoted property price figure.
- BitShares-literate Witness'(?) who scrape the estate agent data, take averages and calculate the value of the index
Aligning Incentives
Estate Agents/Realtors are very used to working for a commission. They are notorious for being ruthlessly profit hungry.
Scenario: An Estate Agency publishes the lowest property price for a habitable dwelling on their books over the past one week period, on a weekly basis. Multiple estate agencies are involved so as to achieve price data for each of the London Boroughs. The data is then weighted to get an accurate value of the average price of property in London overall.
This could be achieved by the (large and established, trustworthy) Estate Agency publising a price on their website or social media, and then signing it with a private key. They could use any crypto of their choosing so long as they can satisfy the market that their reputation as a trusted business is behind the price that they quote.
These Estate Agencies would need to be financially rewarded by the bitLPM or BitShares.
Witness's(?) who curate the index and collate the estate-agency data would need to be incentivized to do so. These calculations should follow as simple a formula as possible, so as to be easily verified by non-expert investors.
To produce this bitLPM index would require a few potentially complicated moving parts.
Accuracy could be reduced in order to gain simplicity and reliability, as investors are more likely to be looking to achieve a stable safe haven asset. So long as bitLPM performs with the same trends as the London Property Market, then it is fulfilling it's goals.
Even if this bitLPM doesn't get created soon, the very fact that BitShares enables this kind of commiditization of previously unattainable assets is amazing.
Once the world realises this is what they need, their research will lead them to BitShares as the most secure, reliable, and well-priced technology to do it for them
22
General Discussion / Ah so you're not so bullish on bts anymore?
« on: March 09, 2017, 02:28:59 pm »
EDIT: I'm making a Step By Step Guide on how Crypto-Traders currently using centralized exchanges can switch to BitShares.
Ah so you're not so bullish on bts anymore?
I still like the fundamentals.
The price dropping to so low in sats doesn't suprise me either. Bitcoin is only just gaining legitimacy among the general public.
Bitcoin is bound to be having a few booms; more and more people are finding out about crypto and the only one that legitimate 'financial gurus' have written anything about is Bitcoin.
I think there are 2 steps to a fiat-using normie into becoming a bitshares-user.
Step 1
First, the most financially literate normies read their favourite financial newsletter; which tells them the hot stock picks of the month, best mortgages and potential speculative investment.
I've seen more and more of these financial newsletters discuss gold, and discuss bitcoin. Once these readers have a laymans understanding of bitcoin, they trust their newsletter guru and then they take the plunge to invest in bitcoin.
These financially literate normies then tell their family and friends about bitcoin. Why it's a good buy, how to use a paper wallet to store it.
Step 2
Some time passes, and the bitcoin holding financially-literate newcomers now have a grasp of the crypto economy. They can find analogies to the legacy-financial sector.
They see that the BitShares DEX is just an exchange with incredibly low usage fees, speed of transfer in, and out, of the exchange, and private key security.
They use BitShares to execute the trades they read about in their favourite financial newsletter.
These trades profit BitShares by way of increased liquidity on the DEX, tx fees, advertisement exposure (word of mouth),
"Hey, bts is great! I want to invest in the underlying asset. I've told all my trader friends about BTS."
Every human can benefit from using the DEX. A bank account, insurance fund, anti-fraud gift cards, ID, provable randomness, etc, etc.
Once the teachers of the world understand, everyone they teach will become crypto-literate. BitShares is a leading product in that market.
Maybe its 10 years away, maybe it's much sooner.
Crypto is an idea, ideas spread quickly.
All of the infrastructure already exists.
=================
I think BitShares' value is in its derivative exchange. A derivative exchange is a somewhat advanced feature of an economy. The crypto econonomy is still rather tiny on a global scale.
As I see it, all new investment in crypto is excellent news for all crypto holders.
Once within the crypto economy I believe more and more people will become crypto-literite and then make the nuanced decision of which crypto is best at performing a number of different tasks.
I think BitShares is by far the best choice for >50% of those financial services that customers will be looking for.
The Main Risks in not achieving this goal:
1) A competitor crypto builds a DEX that performs all market functions, at a 'just good enough' rate. I.E a shitter product that has a better marketing scheme.
2) BitShares depends on the human effort of it's shareholders.
If BTS Shareholders give up, or lay dormant long enough that a competitor has time to race ahead.
I'm confident that BitShares has the best product, the best management tools and the most freedom.
A lot of the momentum seems to have gone
Ah so you're not so bullish on bts anymore?
I still like the fundamentals.
The price dropping to so low in sats doesn't suprise me either. Bitcoin is only just gaining legitimacy among the general public.
Bitcoin is bound to be having a few booms; more and more people are finding out about crypto and the only one that legitimate 'financial gurus' have written anything about is Bitcoin.
I think there are 2 steps to a fiat-using normie into becoming a bitshares-user.
Step 1
First, the most financially literate normies read their favourite financial newsletter; which tells them the hot stock picks of the month, best mortgages and potential speculative investment.
I've seen more and more of these financial newsletters discuss gold, and discuss bitcoin. Once these readers have a laymans understanding of bitcoin, they trust their newsletter guru and then they take the plunge to invest in bitcoin.
These financially literate normies then tell their family and friends about bitcoin. Why it's a good buy, how to use a paper wallet to store it.
Step 2
Some time passes, and the bitcoin holding financially-literate newcomers now have a grasp of the crypto economy. They can find analogies to the legacy-financial sector.
They see that the BitShares DEX is just an exchange with incredibly low usage fees, speed of transfer in, and out, of the exchange, and private key security.
They use BitShares to execute the trades they read about in their favourite financial newsletter.
These trades profit BitShares by way of increased liquidity on the DEX, tx fees, advertisement exposure (word of mouth),
"Hey, bts is great! I want to invest in the underlying asset. I've told all my trader friends about BTS."
Every human can benefit from using the DEX. A bank account, insurance fund, anti-fraud gift cards, ID, provable randomness, etc, etc.
Once the teachers of the world understand, everyone they teach will become crypto-literate. BitShares is a leading product in that market.
Maybe its 10 years away, maybe it's much sooner.
Crypto is an idea, ideas spread quickly.
All of the infrastructure already exists.
=================
I think BitShares' value is in its derivative exchange. A derivative exchange is a somewhat advanced feature of an economy. The crypto econonomy is still rather tiny on a global scale.
As I see it, all new investment in crypto is excellent news for all crypto holders.
Once within the crypto economy I believe more and more people will become crypto-literite and then make the nuanced decision of which crypto is best at performing a number of different tasks.
I think BitShares is by far the best choice for >50% of those financial services that customers will be looking for.
The Main Risks in not achieving this goal:
1) A competitor crypto builds a DEX that performs all market functions, at a 'just good enough' rate. I.E a shitter product that has a better marketing scheme.
2) BitShares depends on the human effort of it's shareholders.
If BTS Shareholders give up, or lay dormant long enough that a competitor has time to race ahead.
I'm confident that BitShares has the best product, the best management tools and the most freedom.
A lot of the momentum seems to have gone
23
General Discussion / The Co-operative Bank (big UK 'ethical' bank) to help victims of financial abuse
« on: May 12, 2016, 05:35:06 pm »
https://www.co-operativebank.co.uk/aboutus/ourbusiness/ethicalpolicy/ethicalcampaigns/FinancialAbuse
BitShares can help
The Co-Op are big and have industry clout
Quote
Ethical Campaigning: My money, my life
Nearly one in five British adults say they have experienced financial abuse in an intimate relationship, according to a new ethical campaign launched by the Bank and Refuge, the national domestic violence charity.
The “My money, my life” campaign raises awareness of the true scale of financial abuse for the first time, as it occurs within intimate relationships, where financial control, exploitation or sabotage are used to control a person’s ability to acquire, use and maintain financial resources. We carried out the UK’s largest study to date in this area in order to understand the prevalence of financial abuse in intimate relationships in the UK. We are campaigning for the banking industry to come together to ensure there is adequate and consistent support for the victims of financial abuse in relationships.
BitShares can help
The Co-Op are big and have industry clout
24
General Discussion / I've been away since 2.0 launch, catch me up? Who makes the best posts?
« on: May 04, 2016, 08:24:07 am »
Hello everyone!
I have been busy with life and still don't have so much time to pour over the forums.
I'm looking for an update on how we're doing; new developments that we had month by month? Major news articles or interested third parties?
And perhaps some of your personal achievements that relate in a minor way to BitShares
Back in November I usually found that the likes of @Ander @xeroc @cylonmaker2053 @kenCode @fav @Tuck Fheman and many others I've forgotten had some of the best posts of info.
EDIT: @Ben Mason !! @Empirical1.2 @Akado
Is there anyone else who's post history I should be paying special attention to?
Cheers!
Permie
I have been busy with life and still don't have so much time to pour over the forums.
I'm looking for an update on how we're doing; new developments that we had month by month? Major news articles or interested third parties?
And perhaps some of your personal achievements that relate in a minor way to BitShares
Back in November I usually found that the likes of @Ander @xeroc @cylonmaker2053 @kenCode @fav @Tuck Fheman and many others I've forgotten had some of the best posts of info.
EDIT: @Ben Mason !! @Empirical1.2 @Akado
Is there anyone else who's post history I should be paying special attention to?
Cheers!
Permie
25
Random Discussion / Blockchain lottery social care/other 'public' goods
« on: November 14, 2015, 11:38:56 pm »
Step 1: Acquire old folks home, or land with minimal govt. retrictions on it's use, and develop sustainable cob/wooden structures suitable for elderly housing.
2: Permaculture it up to create a pleasant retirement environment self sufficient in food, energy and water. Healthcare labour is by far the highest expense.
3: Places for residents are determined by lottery, on a provably fair blockchain.
4: Lottery entry requires posting collateral. If granted a place, this collateral will be accepted as payment for X-time. If a place is not granted, a small % of the collateral is kept, and added to the working capital of the retirement home.
If a resident is denied a place, the second time they apply they receive a probability bonus increase of Y% but are still required to post collateral.
5: A minority Z% of the places are scholarships. From the hopefully profit-making collateral payments of rich people who want to 'guarantee' a place for their old relatives. Residents who post zero collateral in the lottery process are granted places out of this scholarship fund (which would have to be large enough to cover several years of scholarship-resident expenses, or provide working capital to invest in ancillary business to sustain funding.)
6: As labour costs are high and demands for places are also high, volunteering as a healthcare assistant increases the chances of your relative being granted a place.
A small team of highly trained full-time careworkers are on site to provide high quality training to new volunteers.
7: Reevaluate variables to balance labour costs and new investment from posted collateral to ensure a stable environment for existing residents.
8: Invest in new sites to increase resident capacity.
9: Apply principles to other social care projects
2: Permaculture it up to create a pleasant retirement environment self sufficient in food, energy and water. Healthcare labour is by far the highest expense.
3: Places for residents are determined by lottery, on a provably fair blockchain.
4: Lottery entry requires posting collateral. If granted a place, this collateral will be accepted as payment for X-time. If a place is not granted, a small % of the collateral is kept, and added to the working capital of the retirement home.
If a resident is denied a place, the second time they apply they receive a probability bonus increase of Y% but are still required to post collateral.
5: A minority Z% of the places are scholarships. From the hopefully profit-making collateral payments of rich people who want to 'guarantee' a place for their old relatives. Residents who post zero collateral in the lottery process are granted places out of this scholarship fund (which would have to be large enough to cover several years of scholarship-resident expenses, or provide working capital to invest in ancillary business to sustain funding.)
6: As labour costs are high and demands for places are also high, volunteering as a healthcare assistant increases the chances of your relative being granted a place.
A small team of highly trained full-time careworkers are on site to provide high quality training to new volunteers.
7: Reevaluate variables to balance labour costs and new investment from posted collateral to ensure a stable environment for existing residents.
8: Invest in new sites to increase resident capacity.
9: Apply principles to other social care projects
26
General Discussion / BitShares TL;DR. Explain in one line
« on: November 11, 2015, 09:48:13 pm »
BitShares are like bitcoin but ethical and the economic incentives for perpetually sustainable incorruptible financial security and privacy are aligned correctly
How would you edit this sentence to improve it's succinct accuracy?
How would you edit this sentence to improve it's succinct accuracy?
27
Random Discussion / Power lies in communities of connected people. Anarchy and Democracy
« on: November 07, 2015, 07:04:46 pm »
Just a thought I had relating to a way to 'explain' anarchy and democracy.
Power lies in communities of connected people. Those who know each-other and live closely with one another have a public reputation to maintain and a common-goal of peace and harmony in their immediate living environment. Nobody wants to deal with harassment or trouble on their front doorstep.
Criminals might consider being bad somewhere else but they are unlikely to do so in front of people who see them enter and leave their house every day. Reputation.
Or in places that they themselves will have to use regularly. Self interest.
Because such a group is so powerful the common-goal (or objective) that they choose to enact is very important.
A bad actor can see that influencing the objective of a community could yield them great power and wealth.
Well-connected communities are hard to influence. The fewer people there are and the better they know each-other, the more difficult it becomes to convince them to perform or consent to work that doesn't benefit each of them equally, or appears to have ulterior motives.
The small number of people in this community are heavily involved, and will scrutinize the decisions made by other members. There aren't many people so it doesn't take too much time or effort to understand what is really happening.
Fucking people over is difficult.
Democracy forces these smaller communities to gift their community-membership to a politician.
Lots of small, well-connected communities have now been consolidated into one 'large' malleable group that resides in a single physical location (parliament) that exists in a community of shared living environment.
The power of thousands of communities now rests in just one centralized community.
Individuals are smart, large groups are stupid. The more members, the harder it is to scrutinize and make informed decisions.
As these politicians now share a common interest with each-other (more-so than with their constituents), they choose objectives that are more important to themselves than the population-at-large.
These objectives might be directly beneficial to the politicians (higher pay) or purchased by third parties. This 'purchase' may be in the form of bribery (giving politicians secret money), but also through influence.
One only needs convince this single centralized group that a particular objective is worth pursuing for it to go ahead. A media campaign using the 'anything is true if you say it often enough' tactic could purchase the power of this group.
Any good?
Power lies in communities of connected people. Those who know each-other and live closely with one another have a public reputation to maintain and a common-goal of peace and harmony in their immediate living environment. Nobody wants to deal with harassment or trouble on their front doorstep.
Criminals might consider being bad somewhere else but they are unlikely to do so in front of people who see them enter and leave their house every day. Reputation.
Or in places that they themselves will have to use regularly. Self interest.
Because such a group is so powerful the common-goal (or objective) that they choose to enact is very important.
A bad actor can see that influencing the objective of a community could yield them great power and wealth.
Well-connected communities are hard to influence. The fewer people there are and the better they know each-other, the more difficult it becomes to convince them to perform or consent to work that doesn't benefit each of them equally, or appears to have ulterior motives.
The small number of people in this community are heavily involved, and will scrutinize the decisions made by other members. There aren't many people so it doesn't take too much time or effort to understand what is really happening.
Fucking people over is difficult.
Democracy forces these smaller communities to gift their community-membership to a politician.
Lots of small, well-connected communities have now been consolidated into one 'large' malleable group that resides in a single physical location (parliament) that exists in a community of shared living environment.
The power of thousands of communities now rests in just one centralized community.
Individuals are smart, large groups are stupid. The more members, the harder it is to scrutinize and make informed decisions.
As these politicians now share a common interest with each-other (more-so than with their constituents), they choose objectives that are more important to themselves than the population-at-large.
These objectives might be directly beneficial to the politicians (higher pay) or purchased by third parties. This 'purchase' may be in the form of bribery (giving politicians secret money), but also through influence.
One only needs convince this single centralized group that a particular objective is worth pursuing for it to go ahead. A media campaign using the 'anything is true if you say it often enough' tactic could purchase the power of this group.
Any good?
28
General Discussion / BTS can help Tinder (social dating network) profit and intro bts to millions
« on: August 01, 2015, 04:44:22 pm »
Tinder is a social dating app used by millions of people.
How can bitshares integration help Tinder increase profit, and introduce BTS to a huge audience?
Tinder shows you facebook pictures of people in your area for dating. You press yes or no, and if the person says yes too, then you are able to chat with eachother.
For free, Tinder allows users to view ~30 people every 12 hours.
If you want unlimited access then you can pay about $8/month for the privilege. The price has recently dropped, which I assume means they want to attract more signups and are looking to increase their conversion %.
Tinder grew their social network by being totally free for about a year, and are now monetizing their userbase.
Credit card payments are not very private, and paying for dating related products is still a bit taboo.
How can seamless BitShares integration make payment easier, cheaper and more private for their customers?
My thinking so far:
Females have a LOT of choice of males, being able to pay to go to the front of the queue of men that they see could be very profitable for Tinder.
Perhaps the order in which potential matches are displayed could include a new variable in its algorithm. Purchasing 'tinder points' using bitUSD would give you an advantage proportional to the amount of points you hold.
Some people love to customize, holding Tinder Points could allow them to pay a few pennies to add sparkles and glitter to their profile, or unlock mild photo FX to make them look 'cool'.
Tinder recently got Instagram integration, so users can display unlimited photos using their instagram account, rather than the maximum of 5 without instagram.
How can bitshares integration help Tinder increase profit, and introduce BTS to a huge audience?
Tinder shows you facebook pictures of people in your area for dating. You press yes or no, and if the person says yes too, then you are able to chat with eachother.
For free, Tinder allows users to view ~30 people every 12 hours.
If you want unlimited access then you can pay about $8/month for the privilege. The price has recently dropped, which I assume means they want to attract more signups and are looking to increase their conversion %.
Tinder grew their social network by being totally free for about a year, and are now monetizing their userbase.
Credit card payments are not very private, and paying for dating related products is still a bit taboo.
How can seamless BitShares integration make payment easier, cheaper and more private for their customers?
My thinking so far:
Females have a LOT of choice of males, being able to pay to go to the front of the queue of men that they see could be very profitable for Tinder.
Perhaps the order in which potential matches are displayed could include a new variable in its algorithm. Purchasing 'tinder points' using bitUSD would give you an advantage proportional to the amount of points you hold.
Some people love to customize, holding Tinder Points could allow them to pay a few pennies to add sparkles and glitter to their profile, or unlock mild photo FX to make them look 'cool'.
Tinder recently got Instagram integration, so users can display unlimited photos using their instagram account, rather than the maximum of 5 without instagram.
Quote from: https://www.gotinder.com/contact
Partnerships
Interested in partnering with Tinder?
partners@gotinder.com
Press
Interested in including Tinder in your next article or blog?
press@gotinder.com
Ad Sales
Interested in advertising on Tinder?
adsales@gotinder.com
29
Random Discussion / I'm questioning the Free Market (unusual)
« on: July 20, 2015, 11:41:10 pm »
I was talking to a Health Economics PHD student and we had a lengthy discussion about the nature of society and how I believe that the Free Market will solve all problems better than a centralized entity (the state).
One point she raised that I hadn't considered is that even if the average health of the population improved, a large wealth disparity will still cause resentment and bitterness which results in higher stress levels and worse illnesses. She thinks wealth disparity will be just as bad or worse in a free market, as the people are not 'guaranteed' an education and a baseline level of healthcare.
I'm sticking to my guns, or rather, sticking to my non-violent principles and still think the Free Market can solve this problem better.
I can't come up with a specific answer as a rebuttal but I do think that lower barriers to entry will allow more people to make profit solving problems.
Can somebody articulate why a free market will produce a better-off society and reduce wealth disparity to the 'optimum' level?
If every system to run a country was tested, I'm confident that Free Market Anarchy would be the best but I can't always explain why.
"Innovation" and "because a swarm of intelligent and free humans will do it better than an exclusive group (government)" don't always cut it as good enough answers for her.
Help me show her the way
One point she raised that I hadn't considered is that even if the average health of the population improved, a large wealth disparity will still cause resentment and bitterness which results in higher stress levels and worse illnesses. She thinks wealth disparity will be just as bad or worse in a free market, as the people are not 'guaranteed' an education and a baseline level of healthcare.
I'm sticking to my guns, or rather, sticking to my non-violent principles and still think the Free Market can solve this problem better.
I can't come up with a specific answer as a rebuttal but I do think that lower barriers to entry will allow more people to make profit solving problems.
Can somebody articulate why a free market will produce a better-off society and reduce wealth disparity to the 'optimum' level?
If every system to run a country was tested, I'm confident that Free Market Anarchy would be the best but I can't always explain why.
"Innovation" and "because a swarm of intelligent and free humans will do it better than an exclusive group (government)" don't always cut it as good enough answers for her.
Help me show her the way
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General Discussion / New investment + "experts" - incentivize inviting knowledgable people to forum
« on: July 14, 2015, 08:49:44 pm »
The thread below got me thinking about killing two birds with one stone and getting some new investment at the same time as getting some cheap expert consulting for bitshares
I'm thinking a ~$5 bounty (enough?) from a crowdfunded pool could be paid to any forum members who can get their business-connected friend or financial expert to introduce themselves on the forum.
It would then be up to the community to answer their questions and convince them to buy stake.
Once they have stake they are incentivized to contribute to discussions and help get BTS a foot in the door of some influential places.
Proof of their knowledge or some such could be required to pay out the bounty
"Hello friend, I think BitShares is something that will interest you, make a post on bitsharestalk.org introducing yourself and I'll split the bounty with you. If you are convinced of the potential you may wish to help increase the value of your stake by contributing on the forums or sending a few emails to your influential colleagues."
Thoughts?
What type of 'expert' would most benefit bts?
Securities lawyers?
Market makers?
Wall st. traders?
"Old boys" with political connections?
I'm thinking a ~$5 bounty (enough?) from a crowdfunded pool could be paid to any forum members who can get their business-connected friend or financial expert to introduce themselves on the forum.
It would then be up to the community to answer their questions and convince them to buy stake.
Once they have stake they are incentivized to contribute to discussions and help get BTS a foot in the door of some influential places.
Proof of their knowledge or some such could be required to pay out the bounty
"Hello friend, I think BitShares is something that will interest you, make a post on bitsharestalk.org introducing yourself and I'll split the bounty with you. If you are convinced of the potential you may wish to help increase the value of your stake by contributing on the forums or sending a few emails to your influential colleagues."
Thoughts?
news in http://elbitcoin.org/noticias-bitcoin-del-dia-14-julio-2015/
Say that http://www.swiftinstitute.org/ is seeking the best purpose to translate assets market to the block chain and will pay 15k
http://www.swiftinstitute.org/wp-content/uploads/2015/07/Call-for-Proposal-Business-Case-for-Intraday-Liquidity-Reporting_v3.pdf
http://www.swiftinstitute.org/wp-content/uploads/2015/07/Call-for-Proposal-Blockchain-in-Securities-Transactions_v7.pdf
Maybe easy 15k and good marketing for BitShares ,, maybe notjust wanna keep informed about this.
What type of 'expert' would most benefit bts?
Securities lawyers?
Market makers?
Wall st. traders?
"Old boys" with political connections?
Interesting read: http://www.bloomberg.com/news/features/2015-06-23/this-is-how-uber-takes-over-a-cityIn this article it talks about how Uber has been lobbying all over the US to get local governments to back them, I'm thinking BTS could benefit from doing something similar with "experts" lobbying financial gurus
