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Messages - santaclause102

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61
A very simple argument that makes sense independent of to which content it is applied:

90/10 (as compared to 80/20) would reduce the second parameter (in our case the network income) by 100% for a mere 12.5% increase in referral income. These numbers speak for themselves I guess.
Hmm .. that argument is mathematically valid but IMHO misleading .. the profit in absolute amounts that is removed from the network is added to the referral system ...
Of course but it's about the decision which function within the system should get what. You could always say that the greater system both parties/functions are part of maintains the 100%... If it doesnt matter how the 100% are alloacted the initial question about 80/20 vs 90/10 also is obsolete.

62
A very simple argument that makes sense independent of to which content it is applied:

90/10 (as compared to 80/20) would reduce the second parameter (in our case the network income) by 100% for a mere 12.5% increase in referral income. These numbers speak for themselves I guess.

63
General Discussion / Re: Update From Adam
« on: January 29, 2016, 10:41:17 pm »
Hi Guys! I know it's been awhile since I last posted. Things are going really well for us, and I want to reassure you that we are doing all that we can to promote the benefits of building your business on BitShares. We actually had world famous blogger Robert Scoble visit our offices earlier this week and do a livestream video with Nathan and I. We deservedly pushed BitShares pretty heavily during the livestream. It's received 5k+ views in the past couple days and has created a wave of contact requests via our website from companies interested in partnering with us and reporters wanting to interview us to more about our project.

Check out our recent blog post to learn more about the event and watch the livestream video!

https://followmyvote.com/silicon-valley-has-new-competition-and-its-not-who-you-think/

At this point, we are actually having some challenges in working with BitShares that I'm hoping you guys can help me with. My goal is to be able to approve a proposed transaction from another BTS user that has shared account permissions over one of our accounts. I've talked to some of the core devs and they stated that this isn't something that is supported in the GUI yet, and that someone was considering submitting a worker proposal to get this feature added in. If that does happen, I would really appreciate it if you would all vote to approve that proposal. And, in the meantime, I was hoping that someone could point me to some documentation that covers how to get the CLI wallet up and running, export the necessary private keys from my BitShares 2.0.160106 light wallet, import the keys into my CLI wallet, and then approve the proposed transaction. I have access to a Mac, PC, and Linux (Ubuntu) workstations if that helps at all.

Could/would someone please help a brother out?
Thanks for your persistence!

64
Muse / Re: CNN: Bitcoin technology may revolutionize the music industry
« on: January 29, 2016, 10:24:49 am »
What about some believe? Many here always go with the wind...

65
General Discussion / Re: STEALTH / Confidential Milestones
« on: December 30, 2015, 03:21:50 pm »
Was the initial plan to reverse the 80% that initially go to the FBA holders once the FBA has made back the investment? 80% for a liftime?

66
General Discussion / Re: Mutual Aid Societies
« on: December 20, 2015, 02:31:02 pm »
If your premium isn't risk adjusted most of you would be extremely overpaying and dramatically subsidizing high risk candidates like BM.

(This is why various forms of blockchain insurance aren't likely to catch on, though the blockchain should have much lower expenses, in order to provide good value, you probably still need a lot of personal information and actuarial calculations to be made, absent that you may have a very expensive product for most people.) 

It's worth attempting for the potential publicity. It's always good to be first with something.

This would also work better when there is a bond market so that the balance could be put to use and earn interest.

Quote
A benefit society, fraternal benefit society or fraternal benefit order is a society, an organization or a voluntary association formed to provide mutual aid, benefit, for instance insurance for relief from sundry difficulties.

A blockchain cannot provide insurance as it is traditionally known, but could easily create a community of individuals who help one another when they face difficulties.  These difficulties can be a wide range of things.

We live in a society where most good people standby and do nothing to help those who are the victim of state violence. This includes those who are punished for victimless crimes or laws that violate the constitution or other basic human rights.  Few people are willing to stand up to the government because the costs are very high on an individual.  If we could only stand together then we would all be protected and regain our freedom.

Typically the way this would work is this, each month members contribute funds to an individualized account that can only be used to reimburse authorized claims by other members. Each member would be allowed to make a claim for at most a multiple of funds contributed derived from the ratio of claims paid out.

The process of making a claim involves making a public request for help and getting the request for help certified by an oracle trusted to verify the facts of the claim. Once the facts are certified other individuals may review the claim and "donate" up to $100 from their locked up funds to cover the claim. 

Under this system individuals can only receive benefits if they are a victim, produce verifiable evidence, and have the support of a large number of independent users who individually transfer funds from user to user.

I would start this system for five classes of users:

1. Those who are accused of possessing illegal substances but have not actually harmed anyone
2. Those who are accused of traffic violations for behavior that did not harm anyone
3. Those who are accused of copyright violation
4. Those who are accused of participating in prostitution that did not harm anyone and where no children are involved.   
5. Those who have their assets seized   

In all cases we presume innocence and believe that the accused deserve a fair defense.

This is a unique product that could easily be codified in smart contracts and provide real world utility that does not exist elsewhere.   

This is also a controversial product that would generate a lot of media attention and attract people who might not otherwise care about crypto currency.

So the question is, how much would you contribute each month to join a community of people united in defense against government attacks on peaceful individuals?

If all funds / accounting were done using BTS then the amount you can get paid out will dramatically increase as adoption grows. The locked up funds would take BTS out of circulation until a claim was made.  It could get very interesting very quickly.

Thoughts?
I like the idea!

Quote
derived from the ratio of claims paid out.
I don't understand this bit. Can you explain that?

Quote
Once the facts are certified other individuals may review the claim and "donate" up to $100 from their locked up funds to cover the claim. 
Would that system have the overall cost that indidivuals have to pay attention to the claims of other individuals? It's a bit like all shareholders in DPOS have to pay attention in order to vote. Maybe a similar proxy system would make sense?

Quote
5. Those who have their assets seized   
Should it say "Those who have their assets seized" or "Those who have their assets seized without having harmed aynone" ?

Could it be that the system ends up with only one class of people? A class where the "legal risk" is the highest while doing no harm to others. So for example: Only "drug" dealers.

What if you are not harming anyone yourself but you are helping someone that for example is a contract killer by washing his money?

Much of the critique has been along the lines of the arguments above. I marked the ones that are not philosphical / politcal but just game theorectical objections bold. I haven't seen any contra argument [member=5]bytemaster[/member]

67
Foucault 4.0  ;D

Would be interesting to hear from some chinese here about how far this is an accurate description of what is happening.

Thinking about an alternative credit system... How would it have to be constructed in order to not impose other values. For example a credit system that allows to rate others based on how trustworthy they are as business partners, how well they pay credit back, how environmently friendly they are etc. is also just imposing those values on the users.
Instead a credit system would have to be stripped of any values and users could load "value modules" - credit rating metrics created by users. And the most valued value metrics then would thrive on the system. If it is a nationalist metric so bet it. Thoughts?

68
Random Discussion / Re: "Our founding fathers"
« on: December 15, 2015, 08:21:59 pm »
The wikipedia article paints a different picture and probabaly it is not all all that undifferentiated. But the wikipedia article doesnt put the questionable quotes in context. I searched a bit more and found this:
"Thomas Jefferson warned John Adams in this letter that despite the progress of some Indian Nations, such as the Cherokee, to adopt representative government, many Native Americans "will relapse into barbarism & misery, lose numbers by war & want, and we shall be obliged to drive them, with the beasts of the forest into the Stony mountains." In a previous August 28, 1807 letter to his Secretary of War Henry Dearborn, Jefferson stated "if ever we are constrained to lift the hatchet against any tribe, we will never lay it down till that tribe is exterminated, or driven beyond the Missisipi."
http://www.loc.gov/exhibits/jefferson/jeffwest.html

European colonialism was devastating and inhumane (rooted in a similar attitude)! I couldnt imagine someone here priding him/herself with the achievements of colonialist conquerors (I am not saying that any nationalism is any less worse - all the same stupidity).

69
General Discussion / Re: Mutual Aid Societies
« on: December 15, 2015, 12:44:53 pm »
While I like the general idea of such an "insurance", I think you may forget
that some laws are put in place to PREVENT people getting injured, such as most
rules in traffic:
2. Those who are accused of traffic violations for behavior that did not harm anyone

And of course this is not only true for traffic alone. It's not only about
punishing people that harm others!

Would you drive by a school with 80 miles/h?
Would you allow people to carry a gun in an air plane?
Would you allow lose regulation in banking and finance so that intelligent people can easily rob not so intelligent people?
Haha there we are right in the middle of the mainstream vs austrian debate.
The austrian perspective is that people would be(come) self responsible (and drive by schools slowly) in order to prevent being sued in case they actually harm anyone. The rationale is: If there is no big brother you have to justify your actions towards you will justify them towards yourself and towards others (or towards overall consciousness, see https://bitsharestalk.org/index.php/topic,20582.msg265556.html#msg265556).

It also relates to the subjectivity / objectivity debate. Austrian economics says there is no objectivity. So a state can not possibly set sufficent and objective limitations on people's behaviour. A market mechanism has to do it. In this case a quasi market mechanism would be that people judge their own risk (being sued) / reward (time saved by driving fast) ratio.

With banking the austrian perspective imo make a ton of sense: I would say that the reason there is so much "risk" in the system and the reason that there is no financial education is that the state is absorbing all the risk. But that just increases the overall risk that (big) financial players take which get all their play money from the little man that has no risk awareness. If there would be no regulation in finance whatsoever the little man would certainly not give his money to a bank which is taking big risks.

There are other areas where an application of pure austrian economics is at least difficult which is global externalities such as CO2 production or other outputs of the production / consumption process. Here the austrian perspective would practically suggest that farmers in Bangladesh collectively sue those that were the big CO2 producers over the last centuries.

70
General Discussion / Re: Mutual Aid Societies
« on: December 15, 2015, 09:29:23 am »
Quote
A benefit society, fraternal benefit society or fraternal benefit order is a society, an organization or a voluntary association formed to provide mutual aid, benefit, for instance insurance for relief from sundry difficulties.

A blockchain cannot provide insurance as it is traditionally known, but could easily create a community of individuals who help one another when they face difficulties.  These difficulties can be a wide range of things.

We live in a society where most good people standby and do nothing to help those who are the victim of state violence. This includes those who are punished for victimless crimes or laws that violate the constitution or other basic human rights.  Few people are willing to stand up to the government because the costs are very high on an individual.  If we could only stand together then we would all be protected and regain our freedom.

Typically the way this would work is this, each month members contribute funds to an individualized account that can only be used to reimburse authorized claims by other members. Each member would be allowed to make a claim for at most a multiple of funds contributed derived from the ratio of claims paid out.

The process of making a claim involves making a public request for help and getting the request for help certified by an oracle trusted to verify the facts of the claim. Once the facts are certified other individuals may review the claim and "donate" up to $100 from their locked up funds to cover the claim. 

Under this system individuals can only receive benefits if they are a victim, produce verifiable evidence, and have the support of a large number of independent users who individually transfer funds from user to user.

I would start this system for five classes of users:

1. Those who are accused of possessing illegal substances but have not actually harmed anyone
2. Those who are accused of traffic violations for behavior that did not harm anyone
3. Those who are accused of copyright violation
4. Those who are accused of participating in prostitution that did not harm anyone and where no children are involved.   
5. Those who have their assets seized   

In all cases we presume innocence and believe that the accused deserve a fair defense.

This is a unique product that could easily be codified in smart contracts and provide real world utility that does not exist elsewhere.   

This is also a controversial product that would generate a lot of media attention and attract people who might not otherwise care about crypto currency.

So the question is, how much would you contribute each month to join a community of people united in defense against government attacks on peaceful individuals?

If all funds / accounting were done using BTS then the amount you can get paid out will dramatically increase as adoption grows. The locked up funds would take BTS out of circulation until a claim was made.  It could get very interesting very quickly.

Thoughts?
I like the idea!

Quote
derived from the ratio of claims paid out.
I don't understand this bit. Can you explain that?

Quote
Once the facts are certified other individuals may review the claim and "donate" up to $100 from their locked up funds to cover the claim. 
Would that system have the overall cost that indidivuals have to pay attention to the claims of other individuals? It's a bit like all shareholders in DPOS have to pay attention in order to vote. Maybe a similar proxy system would make sense?

Quote
5. Those who have their assets seized   
Should it say "Those who have their assets seized" or "Those who have their assets seized without having harmed aynone" ?

Could it be that the system ends up with only one class of people? A class where the "legal risk" is the highest while doing no harm to others. So for example: Only "drug" dealers.

What if you are not harming anyone yourself but you are helping someone that for example is a contract killer by washing his money?

71
Random Discussion / "Our founding fathers"
« on: December 15, 2015, 08:47:32 am »
Having come across Roosevelt's not so benevolent attitude to early empirial objects (indians)... I took a look at the track record of some other founding fathers and remembered the "libertarian" talk about how today's america has departed from the original intention of the founding fathers:
http://www.greatdreams.com/lies.htm
Maybe it's the opposite way (at least in terms of imperial attitude towards "others") around and the USA's imperial politics today are just a continuation (regarding the attitude) of the land grab and genocide a few hundred years ago?

72
General Discussion / Re: Sneakers
« on: December 14, 2015, 09:33:13 pm »
A friend send me this http://www.chronicled.com/ after I send him the link

I watched it and thought... Ah Bitshares... a few times. Watched it half asleep so cant remember really :) The one thing I can remember is the video's message that there is a huge demand for speculation...

At 11:00 he talks about 'The Stock Market Of Things' 

As in wouldn't it be great, rather than having to buy the actual sneakers, being able to invest in 'Sneaker BitAssets' instead.
(As well as other similar items that are collected and valuable - watches & handbag BitAssets etc.)

BTS would be a great platform for his stock-market of things  :)

I watched it and thought... Ah Bitshares... a few times. Watched it half asleep so cant remember really :) The one thing I can remember is the video's message that there is a huge demand for speculation...

Yeah I think the speculation part was interesting... and the whole idea of an exchange for commerce.. a few companies are working in the blockchain of things space for supply chain mgmt and there was a guy who had a project at Blockchain University for using the blockchain for baseball card collectibles...   Good opportunity to do that with Bitshares esp because the exchange part is built in.   

 +5%

73
General Discussion / Re: Sneakers
« on: December 14, 2015, 07:46:07 pm »
I watched it and thought... Ah Bitshares... a few times. Watched it half asleep so cant remember really :) The one thing I can remember is the video's message that there is a huge demand for speculation...

74
General Discussion / Re: STEALTH / BTS Market now accepting bids.
« on: December 14, 2015, 01:51:23 pm »
To help prioritize and/or value various proposals we have created some new assets that act as a pre-sale auction for ownership of various revenue streams.   The first revenue stream is 80% of all confidential transfer fees.  We have registered the STEALTH asset with a maximum supply of 1M shares.  If you are interested in owning a cut of this revenue stream you can place a bid in this market.  Stealth fees will be set to 3x the normal transfer fee set by the committee.

[member=49]onceuponatime[/member] has an implicit bid of  12 BTS per STEALTH for 1M shares giving STEALTH a market cap of $45,000.   

The purpose of this market is to help prioritize various features and give the more passive members of the community an easy way of evaluating / comparing the various proposals.  Those that have the highest market caps (with sufficient liquidity to fund the development) represent the highest value features. 

For this proposal we have already produced a basic GUI workflow that will be implemented before any STEALTH is actually sold to the market.  At no time will proceeds from this sale be spent prior to delivering of the feature.   If you are interested in stealth and believe it will be a profitable feature for BitShares, then place some bids to show your support.

Once the feature is implemented, ONCEUPONATIME will be given 1M STEALTH which he may choose to sell as he sees fit. 

https://bitshares.openledger.info/#/market/STEALTH_BTS
What mechanism is regulating how much goes to FBA holders and how much (of the tx fees) goes to BTS holders. In this case 80% to FBA holders and 20% to BTS holders is proposed.
And: How much change to the code of a FBA qualifies for it to be a new feature with a different allocation?
I kind of know the answers to these questions (the first q: In the end the percentage doesnt matter of if all BTS holders where sufficiently informed -> doesn't have to be... -> in the end it's a PR issue; second q: It's a soft consensus question that can't be answered -> but we should at least try to formulate that soft consensus a bit).

Another question: Do these FBA assets (not the IUA that represent them atm) have an issuer? Is there a counterparty risk to them?

And the OP also doesnt say how CNX is getting paid for developing the proposed Stealth feature. That wouldnt matter if CNX would take the same percentage of all FBAs...Is that the plan?

75
General Discussion / Re: Key Bitshares Projects?
« on: December 14, 2015, 12:47:47 pm »
What more ?
I am looking for key players,  their orles and funds raised if any.
Alternatively, just name them and I could do the rest of the research.

P.s - is there a central repository with this info ? If not ,why not make one ?

http://neura-sx.github.io/#ecosystem/entities

It's not a central repository, just my recent attempt to collect & structure the important information.
(if anyone can offer help to fill the missing info / fix mistakes - it's very welcome)
what a great site!

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