Quote from: abit on August 21, 2019, 01:49:34 pm

You guys with visions and knowledge,

@bench,
@ioBanker,
@block_chain,
@Thul3

Can you please step a bit forward, convince other investors, get the votes and push things forward? We need professionals. We need to do right things and do things right. Anyway, I know it's hard if not impossible due to the "decentralized" situation.

I'd say many of so-called investors don't know a f... about investing.

Thul3 is already a large proxy, this is good direction. However his voting power come from a single whale (@alt) only, this is not good enough. In addition, @alt himself is a large proxy as well, voting with the account "baozi", often voting with different opinions.

Let me express my humble opinion on the current Bitshares status and possible future development, based on my deep understanding of Bitshares as well as common business rules, marketing and analisys of other blockchain ecosystem. I may be missing some parts of the full picture because I'm not involved in some of the core activities and not being part of the governance team, however I believe I express more or less independent opinion and can think out of the box.

In few words, there is no difference between DAC and a typical company (there are some slight ones, but generally those are not game changers), and therefore a DAC MUST follow same rules to win the business and increale its value, namely:
1. Have a clear governance and ownership structure, with effective internal communication and decision making means.
2. Have a clear mission and values adopted by the management. Those to be put as corner stones under the marketing and business strategy.
3. Have a clear marketing and business strategy - what is the business, its short and long term goals, who are the target customers, what is the value proposition, how do we position our company on the market and compete with other companies - etc, etc.
4. Have a clear legal structure and follow the regulation of the operating markets.
5. Have a clear and effective financial managment, to control revenues, costs and investments.
6. Have all resources (financial, human, material) that are required to implement the business plan.
7. Have a clear and effective organizational structure so that company management and emplyees could collaborate effectively and know who is responsible for what.
8. Have a clear communication strategy to integrate the efforts and report on results.

This is the basis and 99% of you know this is a paramount for any successfull business.

SO WHY BITSHARES IS GOING THE OTHER WAY?!
WHY THE HELL DO YOU THINK THIS DAC WOULD BE A SUCCESS IF IT DOES NOT FOLLOW BASIC BUSINESS RULES?!

Let's look at the points above in more details.

1. Governance and ownership structure: although this is the backbone of DPOS consensus, it definitely could be better. Generally, we have 4 levels of governance:
- investors (aka BTS holders). Many of those have no idea how Bitshares is governed, to whom they proxy their voting power and don't participate the DAC governance in any way.
- proxys, actually key decision makers in the ecosystem. Most likely do not share any common vision, often acting only in own interest and are not actively supported by investors (e.g. historically have many stakes from referrals or hold a CEX account).
- committee. Although being publicly elected and are in control of key network settings, they have low power when it comes to business decisions, again not sharing same vision and in many cases care more about their own business (although inmany cases aligned with the DAC).
- witnesses, mostly providing technical resources for the network to operate, but sometimes can implement some power, i.e. when it comes to price feeds. Probably the best part of the governance model, working as  it should be.
2. Mission and values adopted by the management. As mentioned before, there are different opinions on that matter, and this is OK. However, the government MUST work out some statements supported by the majority and use those to define the strategy. Othervise the backbone is missing and the body is vulnerable and weak.
3. Marketing and business strategy - again, no consensus on that matter. Many people express their opinions because they have their vision and care but nothing formulated and agreed upon by the majority. Having weak plan is better than having no plan, but we don't have even a weak one. Key questions - what is the value Bithsares brings, is it for individuals or businesses, how do we reach them, what is the message we send.
4. Legal structure - although BBF is a good step, it is definitely not enough. Legal status and regulations applied are not defined. This prevents business from adoption and buy-in and makes Bitshares a very risky investment.
5. Financial managment - there is some form of it, but having every single penny recorded in the ledger, must be more formal and detaled, also support the business strategy. Noone is in charge of the DAC profitability at the moment, many take it as endless gold cart.
6. Financial, human and material resources - most likely present, but most likely not effectively managed and spend with huge overheads. Also with no business plan you never know how the resources must be spent and managed.
7. Organizational structure - there is some form of it and sometimes works well, but definitely could be better.
8. Communication strategy - presents in form of this forum and several TG chats, but maybe cumbersome and ineffective in many cases. Internal and external PR looks weak and ineffective w/o the strategy and proper governance.

With the above being said (although again, I may miss many points or misintepret those), here are some actions I would recommend to re-start the the business at the new level:
1. Put major proxies and investors into public negotiation to define DAC's basis - mission, values and business strategy.
2. Use all means to involve end users and BTS holders so that their support is based on their decision, and is not by default or as void.
3. Make key proxys to publicly announce their position towards DAC's mission and strategy, along with their personal and business information. This is not mandatory for sure, but those who are open and transparent may gain more support.
4. Spend particular resources (via a worker) to develop a straightforward business and marketing plan. Make sure it is based on proper market and competitors evaluation. Ensure support by the majority.
5. Allocate resources to implement the plan, control and elaborate it, report on the progress. Apart from promotion approach and business model this also shall also include efforts for users/clients onboarding and support. 
6. Ensure proper financial control by designated authorized parties, along with timely and clear reporting to the government and the community.
7. Ensure effective resource spending, avoid spare funding overheads. Think ROI.

This is to start from. I trully understand that this approach may be not supported or adopted by the majority of the players (gateways and other businesses on top of Bitshares), many of those are looking for short term benefit and does not care about the ecosystem development. It is most likely not something what most of dev team would appreciate, because this would mean costs cutting for sure. However, all of them could definitely benefit from strong and powerfull Bitshares in the future.

I call to the investors, it is time for you to shout!

Thanks for reading to this point

Hello block_chain,

Welcome to the bitshares-vision, please participate: https://bitsharestalk.org/index.php?topic=29379.0

for another transparent proxy application

Thanks for your continues encouragement xeroc.

The original intention of the creation of BTC by Nakamoto was to counter the unlimited increase of French currency.

Did BTS eventually just change its form to add?

At present, the biggest problem is that big voting warehouses like BEOS do not care about whether BTS prices are supported or not, whether the current ecology is healthy enough, they only care about how to gain benefits through voting.

If allowed to continue like this, the market will only lose confidence in BTS more and more, and BTSers may not have a place to die.

My suggestion is to stop all stoppable workers by voting until the market recovers, and then resume as appropriate.
当初中本聪创造BTC的初衷，就是为了对抗法币的无限制的增发。

难道BTS最终只是换了个形式来增发吗？

当前最大的问题是，象BEOS这样的大票仓，根本不关心BTS价格有没有支撑，根本不关心当前生态是不是足够健康，他们关心的，只是如何通过投票获得利益。

如果听任这样下去，市场只会越来越对BTS失去信心，BTSer们恐怕死无葬身之地。

我的建议是，通过投票停止一切可以停止的worker，等到市场恢复元气，再酌情恢复。

We're working to prevent workers from getting voted without proper return justification, please support our proxy.

Please find more info about the vision of proxy "bitshares-vision": https://bitsharestalk.org/index.php?topic=29379.0

众所周知，中国区是工人提案预算的主要投票支持者，但是这些提案并没有为支持者提供足够的信息披露与尊重，以供支持者了解其最新进展及会为bts带来什么好处，这里我要求所有需要提供预算工人提案的发起者，每月至少以中英文发表一次提案最新进展及预算报告，供支持者评估其可行性，否则我会号召bts持有者对其撤票。
As is known to all, Chinese investors to participate in the vote is very much, but the workers did not provide enough information to supporters know the latest progress in project, here I require all the workers need to provide the budget proposal published in Chinese and English at least once a month proposal report, the latest progress and budget for supporters to evaluate the feasibility, otherwise I would call for BTS holders for the cancellation of support.

We're working to systematize your considerations, please support our proxy.

Please find more info about the vision of proxy "bitshares-vision": https://bitsharestalk.org/index.php?topic=29379.0

Dear BitShares Community,

It has been a year since I've joined into the core of this great network, I've been here utilizing and studying the network for the last year while interacting with it's governing body and it's great developers, I was questioning everything I've witnessed so far, because I believe any improvement thoughts would require to question the experience itself.

I'm here because I am a believer of the ultimate vision of this great work, the vision that aims to give the opportunity for our kind to invest and develop our value on a permissionless decentralized network through the great efforts of investors and workers from all over the planet who facilitate the value protection and the dynamic transparent governing to the network, that concept would always give the opportunity to BitShares holders to decide who is governing their value and it's investment, this concept will always guarantee the opportunity to the best developers and builders to own BitShares dynamically and to influence investors for the best directions.

I believe the BitShares community agrees with me that improving the value of BitShares in front of any other value in the world is our ultimate aim; Our aim is to make sure that our existing value is secured and being invested to gain more value in return.

Today I've decided to step further and to address the proxy "bitshares-vision" to intend in helping the BitShares community to improve voting mechanism to meet the ultimate vision, the below might describe my strategy.

I believe in simplicity; I think every enhancement would come out of answering some simple questions about our experience, I am addressing some of these questions below, I would love to read any constructive thoughts about them, I am not a blamer and I'm not here to blame but to improve:


1) What makes BitShares has value in front of any other value?

Today we have 2333 different coins listed at CMC, many of these coin owners had paid for their listing here and there, many of these coins are running identical open sources or forks, they mostly share the same features, what makes every coin different is the, use cases around it then it's availability, commonly available features on blockchain are not helping to add value to any new coin, listing a coin will put it on the shelf, but why would someone buy it? very few will buy it because they've heard good news about it or saw it crossing 2% in that day, some saw it at #60 level in CMC, some would buy it because some few youtubers was talking about it, if people are looking for popular coin to buy it, its easier for them now days and less headache, I believe investing the existing value to have business use cases will have more priority than marketing and listing at this time and stage.

2) What makes BitShares unique in front of other Blockchains and why would an investor invest on BitShares?

BitShares network developers support compatible back-ends and front-ends together, while many other blockchains doesn't support front-ends, BitShares is also offering unique features such as "User Issued Assets" and "BitAssets" that would help any organization to issue assets and perform accounting without the need to have technical skills to maintain systems, BitShares is aiming to create the best decentralized assets exchange technology from a to z, I am so thankful to our core developers and appreciating their great efforts for implementing the latest HTLC feature.


3) How to invest in development without devaluing our existing value?

I believe budgeting and classifying our network expenses is the half way answer for this question, workers should propose their development workers according to proxies visions, prioritizing workers should be taking place and timing gap must get implemented between them, a capital study must take a place to define the impact of any investment on the existing value and to provide ROI (Return of Investment) justification, workers must be classified into two categories, OpEx (Operating Expenses) and CabEx (Capital expenses) and these terms must be used within the worker's name, OpEx must get paid on-time and must have more priority than CabEx so we maintain the network's reputation in front of it's developers so they will invest themselves while keeping the network stable.


4) Where to invest and how to prioritize investment?

Every period of time, the network must define a budget that will pay the CabEx workers, these workers must focus on BTS use cases which would utilize BTS as a utility, I assume they are financial institutions or IT software companies, these workers must get studied well and must have a proper defined ROI (Return of investment), any attempt limitations, rejections or legal consideration must get addressed to the community and a mission should get drafted for it, a worker must take a place for these considerations, for example "law certification" should be handled by a "lawyer" worker, maybe in some cases we need minor changes within our infra/core or UI to meet the requirements but we should not depend on assumptions or solo source information.


About me: https://www.linkedin.com/in/ammaryousef


Thanks to my influencers:

@bench
@Abit
@DL
@Stefan
@Fabian
@Alfredo
@R
@KenCode
@Crypto Kong
@Clockwork
@litepresence
@harukaff_bot

My pleasure to attend it.

You guys with visions and knowledge,

@bench,
@ioBanker,
@block_chain,
@Thul3

Can you please step a bit forward, convince other investors, get the votes and push things forward? We need professionals. We need to do right things and do things right. Anyway, I know it's hard if not impossible due to the "decentralized" situation.

I'd say many of so-called investors don't know a f... about investing.

Thul3 is already a large proxy, this is good direction. However his voting power come from a single whale (@alt) only, this is not good enough. In addition, @alt himself is a large proxy as well, voting with the account "baozi", often voting with different opinions.

We're doing so, thanks for the encouragement, we have a lot of good direction and constructive minds within the network, we need no workers to do it for us nor consultants to teach us our own network, we know better than any of them I am sure.

I encourage everybody here to warp up the vision of the network again and to decide a scope and mission for the network and to have workers according to a clear scope of a mission.

Hello again,

I just want to write my opinion here about the whole discussion and the evaluation approach of workers and maybe I am wrong:

- BitShares according to whitepaper is an industrial-grade decentralized platform built for high-performance financial smart contracts. It represents the first decentralized autonomous community that lets its core token holder decide on its future direction and products.

- "Industrial-grade decentralized platform" should be looking forward to cover up the demand of the Industrial-grade, I don't see any workers for that, I see no communications with true Industrial-grade but exchanges and legacy tokens listing approaches.

- Investors themselves are not using the platform to offer Industrial-grade services and financial smart contracts but instead they fork the network.

- Investors must focus on use cases to utilize the utility BTS more than focusing on listing it at exchanges.

- What is the current direction and the products?, letting the developers to decide and offer their ideas while investors waiting for these ideas to evaluate it, investors must do their work and developers must do their work.

- BitShares network has a great team of developers and I loved them all, many thanks to backend and frontend developers.

- BitShares combines trinity pillars; (Investors, Developers and Users), any individual can be the three together.

- Investors must agree on a scope according to a common vision every period of time, the scope must get voted and demand a mission.

- Investors must come up with the mission and developers must execute accordingly, developers are not responsible for the value of BTS but the investors, developers will get development requests from investors and not the vise versa.

- The value of BTS is important to maintain the developers interests and to keep them happy.

- Investors must realize that every BTS paid to a developer will devalue BTS because its most likely will be sold for cheaper and cheaper value once it's paid so they have to choose the scope carefully, the scope development results must cover up the BTS devaluation or turn it into a higher value or other wise it shouldn't get voted.

- Developers must be consulted about the feasibility of developing the scope and must create workers to apply it with a clear implementation plan.