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Messages - JakeThePanda

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121
DAC PLAY / Re: Lotto rules survey
« on: March 25, 2014, 01:06:55 pm »
I think we should start out with higher probability games with more frequent winners.  The participant pool will be way too small at the start to have national lottery style games.  Publicity is everything. The odds of finding a winner will be too small and people will lose interest If it takes 9 months to find a winner.  Start with daily games and build up to games like Powerball. Just my 2 cents.


122
Keyhotee / Re: Keyhotee - Rebranding
« on: March 24, 2014, 08:33:19 pm »

123
Additionally, change the background image. Bitshares is not about 2 young people collaborating or doing something together.

At one glimpse, the user should understand that Bitshares is about finance, profits, prosperity for everyone etc. maybe use some of the big finance metropolis as a background image. But the current one is definitely not the image we want to express.
I am biased here as well  +5%


I agree. The stock images should go. I do like the "live" Vegas image though. Perhaps one similar to that with some network imagery for the main image.
Yeah I also assumed it was just a temporary stock image

Please don't use a Vegas image either.  That also sends the wrong message.

124
General Discussion / Re: Our new website is now LIVE!
« on: March 22, 2014, 03:00:50 am »
Looks great!

Some edits:

The FAQ's part of the website mentions that holders of PTS/AGS get 1.33.  Not true. AGS got 3.X.

What happened on February 28, 2014?
This was the snapshot date for BitShares XT. PTS and AGS holders on this date will be given a stake in BitShares XT: for each PTS or AGS held, the holder will be awarded 1.33 XTS.

Obviously we are past March 15

When will BitShares XT launch?
At the earliest, BitShares XT will launch on the Ides of March (March 15, 2014).


125
General Discussion / Re: Bitshare roughly estimated at $100
« on: March 21, 2014, 12:42:37 am »
All I have to say about this thread is we'll know soon enough.  Let's move along.

126
DAC PLAY / Re: PokerChips: Hosting Fair RNG Sessions
« on: March 20, 2014, 07:59:31 pm »
Toast,

I know you have a lot on your plate, but are you still thinking about the possibility of a poker DAC?

127
General Discussion / Re: Bitshare roughly estimated at $100
« on: March 20, 2014, 04:36:52 pm »
I think the main issue is that Bitshares haven't even been launched yet. That is probably why nobody is currently buying anything at the buybitshares website. How can you buy BItshares if it isn't even released yet? Also, we have to take into consideration what is the highest price that people are willing to BUY them for. We know that the lowest price people are willing to sell BItshares for is roughly $100.

 8)

Look at the poll again.  $100 is NOT the lowest price people are willing to sell them for.

128
General Discussion / Re: The competition is mounting
« on: March 20, 2014, 01:06:55 pm »
Meanwhile MSC, after 7 months of nothing, just delivered a half working BTC/MSC exchange.

Mastercoin is so funny.

To be fair, Bitshares is closing in on 5 months with no product.  From what I understand, the initial BitsharesX launch will also be a watered down version.

129
We build tech for the world and not just the us.


Sent from my iPhone using Tapatalk

I believe every country has heavy insurance regulations, not just the US.  Please enlighten me on why you think this won't be a problem?  Trust me, I hope you have a solution.

What aspect of insurance is regulated?   Is it the taking of funds?  The investing of funds?  The estimating?   Remember, this system is no more an 'insurance company' than Bitcoin is a currency.    Who is providing the insurance?   Who is promising to pay?  Who under this system has any obligations what so ever of a contractual nature that would constitute insurance?

Like I said, I'm not an expert.  I used to sell fixed income products and one of my clients was a small insurance company.  They had legal restrictions on what products they can invest in.  You also need a license to sell insurance by state.  Look, I don't know enough about insurance and it sounds like you don't want to hear any of this.  As a AGS/PTS holder I hope you can work it out, but don't think it's going to work for liability insurance.  I will move along.

130
We build tech for the world and not just the us.


Sent from my iPhone using Tapatalk

I believe every country has heavy insurance regulations, not just the US.  Please enlighten me on why you think this won't be a problem?  Trust me, I hope you have a solution.

131
Isn't insurance a heavily regulated industry here in the US?  Won't you need DMV approval for car insurance and I'm sure other types of insurances have regulations, no?  I'm not an expert on insurance so I'm just throwing questions out there, but it seem like a lot of red tape to go through.

132
General Discussion / Re: Ides of March
« on: March 12, 2014, 08:43:36 pm »
Yeah I remember that. I brought it up because www.MasterCoin.org has chosen to launch their Distributed Exchange on the Ides of March. So based on the current competition its worth noting that we should try to get out the MVP sooner than later. I do believe that we ultimately have the better product but the longer we wait the more we start to risk our "First" status.

As toast mentioned, Counterparty has had a "working" distributed exchange and custom asset management system for over a month now, and they are in no way threatening BitShares. BitShares does things that Counterparty and Mastercoin aren't built to do, so I wouldn't be too worried about launching a couple weeks later than Mastercoin. And don't forget about Second-Mover Advantage.

I still have my XCP in the burn address because it's just way too technical for me to unlock them.  From what I understand, Counterparty is alpha quality and buggy right now.  The only people using the DEx are tech types that can navigate around the start-up.  There is no way ordinary people can figure out how to use it.  It seems too complicated to me.  Did they launch too soon?  Do you really consider XCP a first mover?  I'm very confident that whatever Mastercoin comes out with on the 15th will be much more user friendly than Counterparty.

133
General Discussion / Re: [POLL] How much would you sell your BTS for?
« on: March 11, 2014, 01:39:31 pm »
Do we know if Cryptsy is putting BTS on its exchange?

Pretty sure that answer is no. But if there is demand, it will be inevitable. Bitshares-PTS is there so don't see why it wouldn't and BTer as well. .

I think exchanges will be hesitant to add BTS at first because it's a test chain.

134
General Discussion / Re: [POLL] How much would you sell your BTS for?
« on: March 10, 2014, 05:47:04 pm »
Won't it be quite risky to buy BTS at launch because of the possibility of a reset?  This will keep the price low.  Hmmm, it sounds like shorting bitusd is a freeroll.

What do you mean by 'freeroll'?  I'm not too familiar with the term.
It's my understanding that there will not be a reset unless a fatal flaw is found so the initial chain should be treated as the real chain.

Freeroll is a term for a poker tournament with a free entry.  If the price of BTS falls off a cliff on launch then it's likely there was a fatal flaw and a new chain will be initiated.  If the initial test chain works then the price of BTS will probably go to da moon.  It seems like close to a freeroll (no risk) to leverage up on BTS at launch.  Shorting bitusd is going short the USD vs. BTS, correct?  Of course, finding someone to take the other side of this trade may be tough to do.

135
General Discussion / Re: [POLL] How much would you sell your BTS for?
« on: March 10, 2014, 02:54:50 pm »
I'll sell all mine for $15/ea.
and i will buy them  :D

and i don't buy a pizza with them

Why?  If this poll is a good representation of the entire pool of BTS owners then based on this poll there should be about 132K BTS for sale between $1-$5 when they start trading.  IMO, because this poll was made in the BTS forum, it's more optimistic than the general population of BTS owners.  If this accurate you should easily be able to buy BTS at $5.  Think of this poll as the offer side of a trading book.  The lowest offer and highest bid is the market.

I'd be surprised if they were at $5...  well, maybe for the first hour or so...  (re: tendency for any new thing on cryptsy to start high then fall off quickly)

Won't it be quite risky to buy BTS at launch because of the possibility of a reset?  This will keep the price low.  Hmmm, it sounds like shorting bitusd is a freeroll.

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