Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - santaclause102

Pages: 1 2 3 4 5 6 [7] 8 9 10 11 12 13 14 ... 166
91
I couldnt listen to the last one. It isnt on beyond bitcoin yet (the second last one neither). Not an insult at all though! Fuzzy and his crew aren't paid for anything (I guess)...

Anyone have the latest hangout? [member=183]testz[/member]?


92
General Discussion / Re: Announcing Brownie Points (BROWNIE.PTS)
« on: December 01, 2015, 02:20:32 pm »
[member=4792]38PTSWarrior[/member] .. want to guess how much I received?

I am curious and also curious if you feel you have received close to 100Brownies/hour of unpaid work.

I dont want anyone feeling screwed over if at all possible and im sure bm feels the same.
I am happy with the 8k brownie pts I have received which I guess is not much since the inflationary "late days of brownie points". Did I work more for BTS?
WHAT IS WORK? There has to be a sense of productive work and unproductive work. If anyone that says he did something for BTS is getting paid "hourly"... what do we end up with?

93
General Discussion / Re: IOTA + Bitshares
« on: November 29, 2015, 12:25:00 pm »
Crowdsale is live https://bitcointalk.org/index.php?topic=1262688

Why would these tokens have value to encourage people to buy them? On the other hand if its a donation then I can understand.

Because it's the first cryptographical token ever that is suited for IoT, the biggest technological market in history. No it's not a donation, donations does not work, it would undermine the economy.
https://bitcointalk.org/index.php?topic=1262688.msg13101024#msg13101024

94
General Discussion / Re: Fee Backed Assets (FBA)
« on: November 28, 2015, 02:16:14 pm »
Great idea. [member=6]Stan[/member] do I understand you right, that all those features with their "feature coins" have to be approved by the shareholders still?
I assume yes. How should it work differently in Bitshares currated apps model...
So it could be that dev1 gets feature 1.1 approved (e.g. stealth tx). Then dev2 gets feature 1.2 (ring sign) approved. Then comes 1.3... With 1.3 shareholders decide to take 1.1. and 1.3 out again (not anymore part of the bitshares code).
That would be a possible cenario right?
Just thinking out loud a bit...

95
This is my theory:

In order to get a sense for whether this is a good deal for BTS holders , it would help to express the deal in known terms/concepts. I hope others can help to make the below more accurate:

The suggested deal offers a funding for a 75% royalty until the investment is recovered and a 25% life long royalty once the investment is recovered.

Does anyone know what (more or less) "standard" funding conditions for royalty deals are?

The royalty is basically a third option for compensation of the opportunity costs of capital besides interest (loans) or equity. Background: https://en.wikipedia.org/wiki/Revenue-based_financing

This assumes you frame it as a "royalty" instead of a tenant business renting infrastructure on our "shopping mall" platform. 

When a business based on recruiting new customers (e.g. OpenLedger) moves onto our platform, the system gets 20% and the business gets 80% for life.

When a business based on adding a capital improvement (e.g. stealth transfers) moves onto our platform, should they get anything less?  (Keep in mind, we want that business to continue to be profitable so it can afford to grow that business with new features and promotions.)

If we want to encourage businesses of either type to flock to our platform (growing its network effect and generating fees and attracting users for every other member business) we can't make the rent they must pay too high and certainly not 100% after some period of time.

In the end, charging 20% of earnings for use of our platform seems reasonable and something most investors would view as fair. 

A flat 20% is what we have done for share drops.
A flat 20% is what we have done for referrals.
A flat 20% is probably the right answer for tenant businesses.

If you want to maximize the number of tenant businesses.
Isn't the difference between something like Open ledger and the feature investor that open ledger can easily be replaced by something that does better marketing because it has a better wallet etc. (-> OL is on the business layer) and the feature is hard coded into bitshares and guarentees to generate profit from EVERYONE that uses that feature (no need to innovate more like OL has to to keep the profits coming).
BUT if, like Samupaha pointed out just above this post, that the feature we are talking about here can easily be replaced with a better feature (ring signature or so) then it's a totally different picture.
That would have WIDER implications. Maybe this is even a way to bring competition among those that produce features (this is an advantage that Ethereum has: Competition for the best app / specific feature /solution). Thinking thinking.... :)

96
But there has to be an end date so that bts share holders can make money from it in the future.

But that's the beauty of it -- BTS shareholders do profit from it, by getting exponentially improved features and a flood of new users who are drawn to BTS by the new features. So I'm also in the lifetime revenue camp; no end date necessary. It really does seem to be win-win-win all around, and I feel this could prove to be the most exciting BTS development in a long while.

On first sight I would be ok with life time royalties but at beter conditions. A 25% life long royalty seems a bit much to me and probably is far away from the standard royalty deals. Just a guess though

97
This is my theory:

In order to get a sense for whether this is a good deal for BTS holders , it would help to express the deal in known terms/concepts. I hope others can help to make the below more accurate:

The suggested deal offers a funding for a 75% royalty until the investment is recovered and a 25% life long royalty once the investment is recovered.

Does anyone know what (more or less) "standard" funding conditions for royalty deals are?

The royalty is basically a third option for compensation of the opportunity costs of capital besides interest (loans) or equity. Background: https://en.wikipedia.org/wiki/Revenue-based_financing

98
General Discussion / Re: New Stealth Transfer Worker ($1000)
« on: November 23, 2015, 03:50:10 pm »
In order to get a sense for whether this is a good deal for BTS holders , it would help to express the deal in known terms/concepts. I hope others can help to make the below more accurate:

The suggested deal offers a funding for a 75% royalty until the investment is recovered and a 25% life long royalty once the investment is recovered.

Does anyone know what (more or less) "standard" funding conditions for royalty deals are?

The royalty is basically a third option for compensation of the opportunity costs of capital besides interest (loans) or equity. Background: https://en.wikipedia.org/wiki/Revenue-based_financing

99
Here is how I described "our" WHY, inspired by spending about two years surrounded by ideas and the persistence of Daniel and many others here. It took a long time to to really stand behing them. If one changes perspectives too quickly he probably never has an own perspective. So stay persistent ;)

WHY
We are convinced that hierarchical structures in the form of states and the explicit and subtle form of violence associated is not the only possible (least evil) way to "run society". We are concerned about what technology can do in the hands of centralized power (surveillance). Yet at the same time technology has the potential to make possible a peaceful revolution providing a more effective and less violent way to coordinate interests and regulate society.
Blockchain technology has the potential to not only disrupt the financial industry but to reduce the need for governmental regulation to protect citizens. 
Disrupting the financial industry needs a wider vision about what technology can do for society and in which way it can take over functions of the state because the financial industry and the wider financial and monetary system are explicitly bound to and a part of the state.
It would be fatal to ignore reality if you are serious about the purpose of freedom: In order to have a lasting effect blockchain solutions have to be designed for the masses which implies high scalability, an intuitive user experience (simplicity) and an approach that pays respect to existing regulatory constraints. We are committed to profitability and maximizing capital efficiency in order to reach our goals with the necessary endurance and capital.

+1000  Very well written :)
Thanks!

Although I don't like parts of the style there is a lot to be learned from this guy (how and why to tell why-us-stories that convince others and open their rational minds for WHAT you do): https://www.youtube.com/watch?v=W3XxIZVEXaw
I have listened to this a few times. Well worth it!

100
Here is how I described "our" WHY, inspired by spending about two years surrounded by ideas and the persistence of Daniel and many others here. It took a long time to to really stand behing them. If one changes perspectives too quickly he probably never has an own perspective. So stay persistent ;)

WHY
We are convinced that hierarchical structures in the form of states and the explicit and subtle form of violence associated is not the only possible (least evil) way to "run society". We are concerned about what technology can do in the hands of centralized power (surveillance). Yet at the same time technology has the potential to make possible a peaceful revolution providing a more effective and less violent way to coordinate interests and regulate society.
Blockchain technology has the potential to not only disrupt the financial industry but to reduce the need for governmental regulation to protect citizens. 
Disrupting the financial industry needs a wider vision about what technology can do for society and in which way it can take over functions of the state because the financial industry and the wider financial and monetary system are explicitly bound to and a part of the state.
It would be fatal to ignore reality if you are serious about the purpose of freedom: In order to have a lasting effect blockchain solutions have to be designed for the masses which implies high scalability, an intuitive user experience (simplicity) and an approach that pays respect to existing regulatory constraints. We are committed to profitability and maximizing capital efficiency in order to reach our goals with the necessary endurance and capital.

101
Why should he not copy past it? He just utilizes / capitalizes on the outreach potential his site has.
Maybe shoot him a quick msg telling him that he needs to be a LTM.. [member=120]xeroc[/member]

102
General Discussion / Re: First Organized Mutually Agreed Proposal
« on: November 17, 2015, 09:51:39 pm »
How difficult would it be to peg the tx fee that is paid in bts to a fixed amount of us cents (or maybe even to a fixed amaount of us cents, yuan cents, euro cents etc.)?

103
Considering that I only earned about 30k working for BTS for 2 yrs, I don't think locking 1M shares up is actually "worth" 50k BROWNIE.PTS .. </opinion>

besides that, I like the idea ... but wouldn't want to be put on a "list"
+5%
I like the Brownies concept a lot but the inflationary use of it makes them worth a lot less! Stop throwing them around like that! To put things in perspective: I have gotten 8k brownies for my 2 years of contributions.

104
General Discussion / Re: Committee Member Selection Idea: (Poll)
« on: November 03, 2015, 09:11:13 am »
What if they dont want / dont have the time to fill a comitee memeber role?

105
General Discussion / Re: Would you Help BTS Community for Brownies?
« on: November 03, 2015, 09:06:38 am »
I am against paying biger projects than random community help with brownies. That would be like a STATE PAYING BIG PROJECTS. Why? Because the one holding the brownies (fuzzy?) like the state can no know in advance whether the various projects paid are actually effective (run by productive ppl and overall effective for the ecosystem). LInked issue: It is hard for the state / the brownie distributor to supervise / oberseve all the projects paid.

Instead you NEED entrepreneurial intelegence where people risk THEIR OWN MONEY.

THE PURPOSE OF BROWNIE PTS and how they can work is to pay them AFTER the fact when it is obvious whether work done has been effective for the BTS ecosystem. And this is how they always have been used up to now (accept small things like attending hangouts etc).
 

Pages: 1 2 3 4 5 6 [7] 8 9 10 11 12 13 14 ... 166