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General Discussion / Re: Bittrex Dropping Massive Amount of Coins
« on: May 24, 2015, 11:58:21 pm »
LOL - There's actually a coin called "RiskCoin"
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I would be happy to. That would be BTS (4 USD) sir
You're obviously not following the 'electronic song about a gorilla who is very happy because his friends remember to bring a cake and some balloons for him on his birthday' market, that's over 4x the current market price!
Are we getting a NullStreet Journal soon?
Do they have a link to all of their monthly updates in one place?
If you can translate a small text file for me from English into your language, please take a look:
https://bitsharestalk.org/index.php/topic,15840.0.html
I just finished the first subtitles, on the first video today and will try to do one video per day.
I remember Bytemaster said in the hangout something that the people making transactions should be the ones paying for the service and not stakeholders. Ultimately this is right, but I do think that stakeholders have a certain buffer role. There are times where expenses are going to exceed income, and yet it is necessary to spend those funds. Currently we are in this situation. If we had to cover all delegate pay with TX fees, they would be so high that no one would use BTS anyway.
I may be alone with this opinion but I still think that efficient, sustainable funding through dilution is a great idea and gives us an advantage over all the other crypto projects out there. For now growth is far more important than some percent stake. And once BitShares reaches a substantial size, and tx fees get adjusted we might be able to become deflationary....If we will not be paid to offer these services by the blockchain, we will be forced to form alliances with entities that do not necessarily have transparency for everyday investors as a concern. That means that even if bitshares does well in marketcap, you will likely see the old system, only 2.0 the only media you will get will be paid by big players who see little players as sheep to be sheered. Just like Fox news and MSNBC.
I also share the above concerns.
My feeling is that we should preserve the 100% paid delegate option, while introducing the referral system. Shareholders can decide long term whether there is a benefit to delegates providing development and marketing services.
More fine grained voting systems can be implemented as development resources allow.
I think it would be premature to abandon the self funding model at this stage. In the future it may not be necessary, but at the moment even this 'miniscule' dilution is providing the ability to seed efforts across a wide range of developments. So I advocate for a 'hybrid' model until we are grown up enough to survive and thrive in the wild.
After Party: Hangout and Debut announcement for Cryptoprometheus and something pretty amazing. Looking forward to it.
Great initiative guys! Do you have an MVP in mind or do you plan to flesh it all out at once?I have never heard of DPOS not being in the future of bitshares.. actually it has been the rock upon everything else has tethered. Can you elaborate on knowing something rest of us don't? Or was it just a 'could be' commentary?
It's just a 'could be' I think. But if it changes we can say DPOS stands for Distributed Point of Sale