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General Discussion / Re: [EBM] Exchange Business Management Team
« on: November 18, 2015, 05:09:00 am »
Why not create an UIA which can be use as a fund for MM and dividends distribution from the profits of the bot/s.
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92
General Discussion / Re: [EBM] Exchange Business Management Team
« on: November 18, 2015, 05:04:02 am »
Fantastic initiative, just let me know if you need any help (in any way)
93
General Discussion / Re: Transfer Fee Price Survey
« on: November 18, 2015, 04:48:33 am »Exactly, other campaigns might target just payments. Fast and cheap payments (as an example).But why should I use unknown BitShares if I can use well-known PayPal? It's also fast and even free (in the eyes of an online consumer).
So if we limit our message to "fast and cheap" - nobody will take notice.
And if we enrich this message (e.g. by saying "you'll be the ultimate owner of your money") then we need to target it to those for whom this feature matters.Others might target businesses, create your tokens easily, cheap and send them cheaply.So it's not meant to "everybody" but to online merchants. And not just any online merchants but those who are a bit smarter and might be interested in unconventional methods to support their marketing actions by using digital tokens.And of course campaigns on how to make money.And this is again not targeted to "everybody". But to those we might need such tools and are capable of understanding & using them.
Lending / Bonds atinterest.
Referrals (trading, payments, etc)
Prediction markets
Or borrow it.
Advertising costs money and if we waste it on random people the results will be ineffective.
Whenever there is an advertising process there is some sort targeting, it's never meant to be addressed to "everybody".
I see your point
I guess my perspective: Find all the use cases, not just DEX that require liquidity, and price accordingly.
But you are totally right, we don't market to everybody, but hopefully we are not just targeting a niche market which is interested in crypto trading.
Agreeing with you again cheap and fast does not sell, you have to add other options.
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A bit off topic, but what attract me to Bitshares in the first place, it was a combination of things, not just one aspect.
A
interest for holding, together with shares in any other projects and, if you are inclined, the trading of derivatives. I liked the idea of the platform to have a DFOREX together with availability to create your own assets.
Things like bitUSD which with a real 1:1 peg, could be used as a not volatile currency and as an alternative way for payments, whilst maintaining interest.
Capability to attract many type of users, especially savers, merchant, traders and remittance. Attracting merchants would have a double advantage as it will be a way to market to its customers.
Not to forget non functional features, like fast transactions, anonymity, etc, which allow us to differentiate us from other crypto alternatives.
----------------------------------------------------
I think we have very similar ideas from where we started, but they have spin off in a different way.
94
General Discussion / Re: [EBM] Get liquidity into BitCNY / BitBTC market
« on: November 17, 2015, 07:43:49 pm »I will happily do it if anybody will buy BitBTC at 1.005 and sell me BitBTC at 0.995I am only waiting for a better API to get a quick bot implemented that everybody can use ..
We may even be able to integrate something easy into the wallet directly .. eventually
Excellent, there is no need for a UI for this. A bot like the old one will do... (not that I use it for long..)
95
General Discussion / Re: Transfer Fee Price Survey
« on: November 17, 2015, 07:38:15 pm »Try to run an ad targeting everybody and you'll see how costly it is.
So at this moment, we are not targeting everybody. The DEX first target market is traders and centralized exchanges.
Erm, but then there's a difference between what the target group of BitShares is and what the target group of your ads is, right?
If your ads target a subset of the BitShares target group there is no conflict.
Exactly, other campaigns might target just payments. Fast and cheap payments (as an example).
Others might target businesses, create your tokens easily, cheap and send them cheaply.
And of course campaigns on how to make money.
Lending / Bonds at
interest.Referrals (trading, payments, etc)
Prediction markets
Or borrow it.
All of it does not require high volume, but will attract it.
96
General Discussion / Re: [EBM] Get liquidity into BitCNY / BitBTC market
« on: November 17, 2015, 07:27:31 pm »
I will happily do it if anybody will buy BitBTC at 1.005 and sell me BitBTC at 0.995 .
. 97
General Discussion / Re: Benefits of Blockchain Technology
« on: November 17, 2015, 05:58:27 pm »98
General Discussion / Re: Transfer Fee Price Survey
« on: November 17, 2015, 09:38:23 am »pc what is your outlook on marketing and the referral program? just genuinely trying to understand where low fee guys see that going.
I think marketing a low-price product is easier than marketing a high-price product.
I think with low fees the marketing people will generate ROI not much slower than with high fees, because with lower fees there will be more transactions.
I think in the long run, marketing people will profit more from low fees due to the network effect from a quicker growing user base.
Of course I'm not a marketing expert, and I haven't seen a marketing expert's business plan yet, so this is just my naive view on things.
Is that not just common sense?
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General Discussion / Re: Transfer Fee Price Survey
« on: November 14, 2015, 11:14:44 am »
Compare the market and lower it. For example 5% lower than Bitcoin transfer fees.
100
General Discussion / Re: Reasons for Lowering Fees
« on: November 14, 2015, 09:47:05 am »i would say -"everyone, look at your own behavior"
- i changed a long time my bank, because they are charging ZERO fees
- i always go to the cheapest electricity provider
- i always be on the cheapest telco and internet provider
where i have a choice i will go to the cheapest place - IF - the service is compareable to other companies.
so, in my opinion clayop said a good point - we should match the fees with our competition
- in the sense of transfering i would say, at the moment the competition is bitcoin and not the banks or paypal, this could change in the future but not right now, so we should match our fees to bitcoin fees.
(i think with the same transferfees, in the future it is a now brainer to use bitshares, because we will be so much more convenient then bitcoin)
- in the sense of trading (our core feature) at the moment our competition are the crypto exchanges and most of them charging 0.2 % per trade or less.
Why we can not charge ZERO placing fees for traders?
- because we think we will get spammed with orders, but let us discuss if we can find other ways to prefend this
what can we do, that someone will not spam our network?
- we want liquidity and what about solutions like - if the order is at least 0.5% away and x amount high and will be active for x hours we will charge ZERO fees
at least on pegged assets we should find this kind of solution. We should implement an order typ that i can place my order % away from settlement(feedprice), then if i match the
other criterias like amount and time this order will be for free.
i am not a coder and i suspect this will not bloat our system, because only serious people will get this advantage. a "normal" trader dont care how much the fees are, he will go to the best
place he can aquire the needed shares. So we have to create liquidity and i presented just an idea how we can create liquidity, without the problem of to much bloat.
There are 2 types of markets in the world. 1st market luxury / niche / highly specialised with low number of trades but high returns. (rolls royce aircraft engines). 2nd market best value for money (efficiency) with high number of trades, high volume returns based on the number of trades. (Amazon, supermarket chain) Which one are we?
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General Discussion / Re: Plasma? The holy grail of the crypto DEX??? - Speculation
« on: November 13, 2015, 02:37:23 pm »Plasma is a longer term play, don't expect to see much on it this year. Too many other things to do.Can we know which things you mean?(which have priority?).... a road-map maybe?
Good point. Does CNX keep an on-going Devs to-do list somewhere, like on google sheets that we can monitor?
This would lower everyone's stress level a bit, watch the progress in real-time (most Investors are not githubbers), know what features are coming next, allow us to time our features and announcements, etc.
Yes, road map, backlog, trello board, anything would help and will also help to get people to collaborate.
102
General Discussion / Re: 100 BitUSD for Tutorial on How to Sync BitShares 0.9.x
« on: November 13, 2015, 02:31:09 pm »
Here is my fully sync wallet to aid on this, I uploaded a month ago. I guess it has been lost with other support queries.
https://bitsharestalk.org/index.php/topic,19025.msg244713.html#msg244713
https://bitsharestalk.org/index.php/topic,19025.msg244713.html#msg244713
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General Discussion / Re: bitshares is a decentralised exchange. thats all that needs to be said
« on: November 11, 2015, 04:19:17 pm »The problem is that the bitshares.org page promotes at the same time two different products: the BitShares blockchain network and the Graphene technology.
It should be split into two distinct webpages, i.e. we need a webpage promoting Graphene exclusively.
With the current setup, whenever I need to refer to Graphene I need to direct my audience to BitShares.org, which is not good if I need to talk about the general aspects of the technology and not about BitShares in particular (e.g. when I talk about Identabit, Muse, Play etc).
104
General Discussion / Re: My plan for how to make Bitshares succeed
« on: November 06, 2015, 06:18:10 am »
Yes they would use smart coins for that better. But ideally the peg should be 1:1 and can use the exchange as a Forex.
105
General Discussion / Re: Bitshares price discussion
« on: November 06, 2015, 06:15:07 am »
The way I trade, mainly I don't trade, this is what I have done for the past 2 years.
Look at the code, see development progress and development communications (bytemaster), and buy a little (or lots depends on your view). Obviously like everybody here who has followed the strategy, if I have waited 2 years I would have now 10x what I have now. But I would not know so much about the project and its potential.
I don't know if my investment has gone directly to development or traders, but all maintain the project alive
PS I did not buy anything when there was no progress on GitHub. You know what I mean.
Edit: Also I swear a little when the price goes down.
Look at the code, see development progress and development communications (bytemaster), and buy a little (or lots depends on your view). Obviously like everybody here who has followed the strategy, if I have waited 2 years I would have now 10x what I have now. But I would not know so much about the project and its potential.
I don't know if my investment has gone directly to development or traders, but all maintain the project alive
PS I did not buy anything when there was no progress on GitHub. You know what I mean.
Edit: Also I swear a little when the price goes down.
