Quote from: xeroc on June 03, 2016, 07:51:38 am

Quote from: EstefanTT on June 02, 2016, 11:52:12 pm

It's nice to see that the community has recognized the value of the worker and pushed it in the green zone !

Nicely done Chronos !

Sent from my SM-G900F using Tapatalk

It seems the anti-dilution crowd has lost some significant support ..

Well, that's an amazing news ! The very purpose of the reserve pool is allow us to move forward when needed, this chinese movment was scary !
BitShares need to keep evolving and keep its edge until we are recognize for our true value.

It's gonna be an interesting summer with the videos of Chronos coming soon, all the projects of Kencode evolving fast, bunkerchainlabs related projects, maybe Altcap or Bit20 taking off and bringing some volume on the dex, ... and at the end of the summer, the end of the merger dilution.

Priorities, roadmap, professional level, ok the money is there, but who is going to catch the falling knifes at the orderbook?

What is priorities? I think bring revenue. How we are going to do that? What is priority to reach revenue?
Bitshares do not need to be fancy, it has to fullfill some need n gather som.e money from it.

Bump for more input.

Quote from: okidoki on June 03, 2016, 04:19:37 pm

Ethereum has a big market cap because for years everybody was fantasizing about what this could become. but in reality it is not used for anything right now... and as there is almost no scalability I think it will never be used for anything but speculation...

I partially agree with this, but I also think it is foolishly too confident of a statement. I have my own problems with Ethereum's design. But it is important to remember that Ethereum is a moving target. They are actually spending funds to innovate (admittedly that is easier to do when their holders are dumping their asset to oblivion). The Ethereum devs are doing research on improving scalability, and they currently have the capital to sustain that. I think it is foolish to discount the possibility that they might succeed in changing their designs in the future to fix scalability problems.

Quote from: okidoki on June 03, 2016, 04:19:37 pm

Lisk is a lot smarter in several things than Ethereum and it might be used someday for something.

I have strong opinions on platforms like Lisk. They are doing it all wrong IMHO.
If you are interested, first read Dan's post: https://steemit.com/lisk/@ dan/why-lisk-is-inferior-to-ethereum
and then read my comment on another similar project (Rise) here: https://steemit.com/crypto-news/@ liondani/rise-crowdsale-is-open#@ arhag/re-liondani-rise-crowdsale-is-open-20160602t145546425z
(Again get rid of the spaces after the @ sign. Damn this forum's buggy @ mentions implementation!)

Quote from: okidoki on June 03, 2016, 04:19:37 pm

Also Bitcoin is on top because of its liquidity. Chinese cannot enter and exit Bitshares without moving the price at this point. They use it for protection from devaluation from CNY... but you cannot pump even a million USD in Bitshares without doubling the market cap. So for this type of usage they have to use Bitcoin until volume and market cap goes up for BitShares.

You are talking about liquidity of the BTS token. Sure that isn't very liquid but ultimately I don't think that liquidity is the main issue. The bigger issue is the lack of liquidity in the markets on our DEX for tokens like smartcoins and other UIA assets. So how do we bootstrap liquidity? First, the platform must be attractive enough for traders to use. Why are traders not using the DEX? That is something we need to figure out.

The truth is that, despite what people in the cryptocurrency crowd say, decentralization is not valuable enough to them to put up with a product that is not as good as what they currently use. We need to figure out what those deficiencies are from their point of view, and fix them. Is it the UI? I really don't know, I'm not a trader, but let's find out what actual traders do prefer and change it to that. Is the lack of margin trading? If we are confident that is the real reason for lack of adoption, then maybe we should adopt that feature. But we better be confident, because it is a lot of work to build that feature properly and I would rather leave that for much later (hopefully after some gain in marketcap). The product needs to be as nice to use for a trader as their current centralized exchange and ON TOP of that it needs to be decentralized. Otherwise, they will stick what what they know and are comfortable with.

Or maybe they recognize that the decentralization isn't really all that decentralized for their purposes. This goes back to the counterparty risk with UIA assets (like OPEN.BTC) that I talked about earlier. Sidechains are the technological solution to that problem.

But even if we fix all those problems, it is still not enough to pull them away from what they are comfortable with. You need to give them some incentive to take the leap. That is where subsidizing liquidity of some key markets comes in. This is necessary to motivate traders to move, in mass, passed that hump everyone experiences when trying something new and different from what they are used to. If many of them move to our DEX and start tightly trading assets to capture some of those rewards, the liquidity will greatly improve and so other traders will be more interested to use a DEX with liquid markets. Once the market is bootstrapped and there is liquidity, the subsidies are weaned off and reasonable market percentage fees are added in so the DAC can make some revenue. Hopefully inertia continues to keep liquidity fairly strong and people still continue to use the DEX because it has liquid markets and is decentralized. Of course to do this requires both implementing the liquidity features in the blockchain (not super difficult to do) and more importantly (and more difficulty) getting BTS holders to accept funding it from the reserve pool.

THIS!!!

Quote from: Empirical1.2 on June 03, 2016, 03:52:21 pm

Besides first mover advantage it's because people want a lot stability & certainty from the pure digital currencies like BTC, LTC, PPC etc. so their lack of innovation (Change) is often a positive.

Good point.

Quote from: Empirical1.2 on June 03, 2016, 03:52:21 pm

The decentralized companies who aim to bring something to the market other than a limited, immutable crypto-currency have to be more innovative, with additional revenue generating (in future) products/apps in order to increase their value. (However for both, increased utility, accessibility and third party integration often adds more value than more expensive development work. eg. Payment processor/exchange/bank/Azure integration etc.)

Right. Yes third-party development is incredibly valuable. And it is important for any changes to the blockchain to not be such that they feel it is impossible to invest time and resources building on this platform and ecosystem. I think there is still a lot of innovation that can be added to BitShares to make it more appealing that doesn't conflict with the work of third-parties.

One is not really a change to the blockchain at all, so it can even be thought of as a third-party innovation I suppose. That is side-chains. To make the Decentralized part in DEX really meaningful, we shouldn't have the same counterparty risk for traders of BTC and other altcoins as centralized exchanges do. That is the situation we currently have with OPEN.X assets. Ideally such a sidechain mechanism would be integrated with the blockchain in the sense that the witnesses would be the dynamic multisig group holding the reserves backing each SIDE.X asset. Initially, it would be smart to support at least the Bitcoin and Ethereum blockchains.

The second innovation is margin trading. This one is a little difficult to implement (depending on how its done). But it would add a lot of value to our DEX.

There is lots to be done, the question is: can we get the funding necessary to do it? Perhaps this will be easier after November 5th when there is (presumably) less sell pressure from the merger to compete with sell pressure from worker proposals. Although, if someone was willing to defer selling until after November 5th (and say wanted to keep the majority of revenue in BTS), then BitShares already provides the ability to pay from the worker in vested form such that it cannot be sold prior to November 5th. So if a credible developer was willing to take such a deal for something that added value to the platform, there should be no reason to delay that work until after November 5th (other than anti-spending zealotry).

Quote from: kenCode on June 03, 2016, 04:10:28 pm

If I was a rich guy and wanted to park my money and assets somewhere safe, would I choose the BitShares blockchain? Or would I be a bit skiddish knowing that my assets and such would be visible on cryptofresh.com? Even sending money to people is easily visible.
 
edit: the only features we are going to add to BitShares right now is Stealth (as soon as we can afford it). Stealth is already done for the most part but it just needs an awesome gui plugged in and secure backups (we use IPFS/IPNS now). you want Whales? -give them some privacy.

I hope you focus first on getting GUI support for just blinded transfers. Hiding metadata as well is a trickier problem to do right. Focusing efforts first on just hiding the amounts makes the most sense. That approach means it is far less likely for funds to be lost, but you still need a good automated memo key backup strategy (I have written about this publicly before). After that is in place, better stealth (that hides sender metadata as well) can come later. I have ideas for how this can be done without risk of funds lost using on-blockchain decentralized coin mixing using the RingCT cryptographic primitive.

No doubt a sidechain or a kind of automatic multisignature wallet managment for btc be safe.btc should be a target to be truly decentrilised, of course i dont want to screw with openledger they have open asset n it works pretty good n.they help us to make things happen....probably n start a bull run n make 30x the nowdays value it will be easy to.funding.....
Now it works.....thats good thing......if it get more volume it will shine, I think we need for now a big market player for dex, so it will be useful will generate fee from all people that will come, value will start to rise n we can start funding

HOOOOOOOOOOOOOOLD

I like bitshares, a lot of history for me, this name has a reputation, has history, has community, has projetc, people know bitshares n talk about every day in crypto chat, its is known by media since 2014, i fully disagree.....

Dan is at steemit.... Why we cannot stabilish a partnership n hire them to have the best improvement implemented?

Same problem here just openledger blocktrades ok

This is a pretty serious regression.

I still have. Bin so......

MOOOOOOOOOOOON BTSSSSSSSS
 
hope you guys can fix it.