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Messages - Riverhead

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211
Muse/SoundDAC / Re: MUSE Price Discussion
« on: November 25, 2015, 10:23:44 pm »

Muse/BTC might be up on Metaexchange tomorrow. Call it a hunch [emoji6]

212
General Discussion / Re: BitUSD and BitCNY at poloniex!!!
« on: November 25, 2015, 06:25:40 am »

I'm gonna guess Xeroc.  +5%

213
Muse/SoundDAC / Re: MUSE Witnesses
« on: November 24, 2015, 05:49:16 pm »

Still looking for some votes!

Code: [Select]
{
  "id": "1.6.28",
  "witness_account": "1.2.168",
  "last_aslot": 0,
  "signing_key": "MUSE65ZbT6RFkwWTgyXZHRrtZRpSz6UDFzVvnrZgJJvxTEGLo5N6XT",
  "vote_id": "1:38",
  "total_votes": "627040750540",
  "url": "",
  "total_missed": 0,
  "last_confirmed_block_num": 0
}

http://muse.cryptofresh.com/u/riverhead

214
General Discussion / Re: New Stealth Transfer Worker ($1000)
« on: November 24, 2015, 01:33:07 pm »
One problem I see with the UIA-based crowdfuning is that if you sell your UIA for BTS your will only have to sell your BTS eventually to cover your costs .. that downward pressure aswell ..
otherwise, if you sell your UIA for USD people need to bootstrap the USD markets which will hinder your crowdsale .. but improve liquidity (slowly) and make the crowdsale easier from legal POV .. or am I missing something?

The value of the UIA would be based on the expectation of future revenue. If you sell your UIA for BTS someone had to buy that BTS to purchase the UIA. IMHO that's a wash in terms of market pressures. The issue with the USD market we are betting is short term teething and will eventually be liquid enough to absorb a UIA sale.

215

Balls - wish I was home for this. Next time :).

216
General Discussion / Re: New Stealth Transfer Worker ($1000)
« on: November 24, 2015, 12:36:34 pm »
I really do not get 'the no lifetime fees' crowd.

What is up with you people? Someone making too much money, according to you?

If yes go pay it yourselves, or get up and organize it as a UIA funding that you can buy into...


PS
And keep in mind that I say that while I have only 3 prime suspects for this secret investor - CNX being one of those.

So I've been thinking a lot about this and, like most things after further consideration, my opinion is evolving. Stan's parking garage metaphor is good.

I like the idea of crowd funded UIA to pay for features even if it is a crowd of one. It may play out like this (which may have already been posted..this thread really blew up quickly)

1) Someone wants a feature and gets in contact with developers - in this case CNX
2) CNX says they'll do it for $45k and creates a UIA with a market cap of $45k
3) The UIA earns all fees generated by the feature (minus standard network fees) for life
4) The UIA can be bought entirely by one person and they would earn all the royalties.

This gains the following:
1) The person(s) that paid for the feature reap the rewards whenever it is used forever.
2) The engineering resources to maintain the feature going forward are fungible.
3) Since a UIA is liquid it gets away from the "issue" of one person receiving royalties forever.

IMHO this is the perfect solution to crowd funding features, rewarding those that are taking the risk, and leveraging the existing platform to make it all happen.



217
General Discussion / Re: New Stealth Transfer Worker ($1000)
« on: November 24, 2015, 12:08:27 pm »

For every Elon Musk there are hundreds of people crying into their beers wonder where it all went wrong :P.

218

This is great news and certainly a step in the right direction both from an ideological and business perspective.

One thing to keep in mind about "people using what we paid for": How much have we paid for the c++ compilers, the BOOST licenses, the SSL libraries, etc. etc. etc. that is the core of BTS?

The space needs more building blocks.

219
Muse/SoundDAC / Re: can muse currently be bought anywhere?
« on: November 23, 2015, 09:44:09 pm »
Using the dex is preferable for sure.

Just an FYI though: if you're not looking to cash out from Yunbi directly to fiat you can put in fictitious data for your ID. The fields aren't verified.

220
General Discussion / Re: New Stealth Transfer Worker ($1000)
« on: November 23, 2015, 03:48:25 pm »
What if they took 80% of the fees until they'd recouped, for example, $60k worth of BTS - currently about 18 - 20 million shares. That's a 33% ROI - more if the price of BTS goes up during the payback phase.

Feature funding for profit makes sense. Lifetime royalties not so much.

221
General Discussion / Re: Little Marketing Project Involving Smart Contracts
« on: November 23, 2015, 03:33:12 pm »
My bad, its done for saving purposes. Probably evolved as a cultural tradition but its pretty common. I dont know why it works but it does, maybe they see it more effective than a savings account just because a member wont be leaving until a cycle is fully completed. Maybe its a social phenomenon,  but what ever the reason is its very common.
It makes sense. Distributed risk. If one person gets robbed each person only loses 1/Circle_Size of their savings.

222
General Discussion / Re: New Stealth Transfer Worker ($1000)
« on: November 23, 2015, 02:51:07 pm »

A bold move by this individual and a very long term bet. What would happen if before they recovered their $45k in fees a new worker proposal is submitted and approved to build a better stealth transfer mechanism?

The 25% royalty on the stealth transfer fees for life leaves a bad taste in my mouth. Perhaps it's the precedent it would set for future proposals.

223
Muse/SoundDAC / Re: can muse currently be bought anywhere?
« on: November 23, 2015, 09:48:34 am »

MUSE is available on Yunbi.com against CNY (BTS->CNY->MUSE). Also, CMC tracks MUSE as NOTE still and uses a feed from Yunbi to set the price. Since Yunbi has no trading fees the volume does not get counted and therefore doesn't show up on the ranked lists where you'd expect.

224
General Discussion / Re: Cryptofresh Block Explorer + MUSE now available
« on: November 22, 2015, 03:20:51 pm »



Epic. Great work!

225
General Discussion / Re: Graphene GUI testing and feedback
« on: November 22, 2015, 06:16:45 am »
When updating a margin position the base equity has an "Available" amount. It currently shows your current base balance minus your collateral. So if you have 90k BTS in collateral and a 10k BTS balance and want to update your position it'll show -80k BTS as "Available" when I think it should show 10k.

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