That's very good, but I see it is to wallet synchronization and distress

Quote from: bytemaster on April 16, 2015, 04:30:14 AM

So I contend that a market full of private market pegged assets with profit motive for a near "winner takes all" on the team that can provide the highest liquidity and best marketed variant will produce better results than relying on socialized funding of the BitAssets produced by delegates. 

Thoughts?

1. "socialized funding" I thought Bitshares was a startup, implying a business
2.  why not elect "Producers" who job it is to create and manage Bitshare blockchain products inline with the market?
3.  My initial thought is privatized assets is a step towards shifting responsibility away from Bitshares and a possible surrender of what should be considered a core business activity.

I assume the feed providers will receive commission from the Asset owner.
So a user who wants to be a feed provider will apply to the Asset owner.
and peg asset required at least 51 feed providers to work, right?
So more jobs will create on Bitshares if we have this feature.

+5% interesting stuff!


Sent from my iPhone using Tapatalk

This is very good idea. Separating "feed provider" function from delegates will definitely make people more creative.
Suppose I want to create a peg asset to trace NYSE index today, I have to wait until all BTS holders agree and enough delegates to publish feed.
If I can create peg asset by myself, it can be created in minutes. If it can be successful or not will only depend on my marketing capability.

+5%
Not only currency assets, altcoins, stocks, indices can now be created and traded in bitshares market with feed precision.

Quote from: rnglab on April 16, 2015, 05:53:37 AM

Quote from: luckybit on April 16, 2015, 05:13:59 AM
How about starting a distributed collaborative organization similar to what SwarmFund is doing?
.

I had a dream where some delegates were already working on something similar, even bigger.

I had discussions last year with someone on this forum about forming a Bitshares cooperative. We looked into it but legally we couldn't figure out how to do it. The DCO gives us all the legal tools we need to go that route.

And I think it could make Bitshares much stronger to be a DCO combined with a blockchain rather than just a blockchain because it gives us legal protections we wouldn't have otherwise.

Quote from: bytemaster on April 16, 2015, 05:59:20 AM

Quote from: luckybit on April 16, 2015, 05:13:59 AM
How about starting a distributed collaborative organization similar to what SwarmFund is doing?

We could then use that legal organization to issue anything we want in a trusted manner.

http://www.financemagnates.com/cryptocurrency/news/swarm-advised-that-crowdsale-model-falls-under-securities-laws-launches-distributed-collaborative-organizations/
http://bollier.org/sites/default/files/misc-file-upload/files/DistributedNetworksandtheLaw%20report,%20Swarm-Coin%20Center-Berkman.pdf
http://www.scienceofteamscience.org/2011-sessions-virtual
....

Great finds luckybit!   What is amazing is that they came to many of the same conclusions we ultimately came to.  After reading the findings I feel pretty good about AGS:

1) Non Transferrable Asset  was considered a strong indicator for not being a security or expecting to profit from it.
2) Being presented as a no-strings-attached donation also negated the expectation of profit.
3) We only promised to use funds to build software that others could use to launch systems.. the software was to be free and open source which supports the lack of expectation of profit.

It is all a gray and subject to interpretations, but from what I could tell everything is this area of law is gray.  We are upgrading terminology in our referral system to call everyone members which is also in line with their recommendations.

+5% +5% +5%

Quote from: bytemaster on April 16, 2015, 06:01:19 AM

Quote from: maqifrnswa on April 16, 2015, 05:38:31 AM
I never liked the mixing of platform and asset roles (delegates both doing block verification and price feeds). Theoretically, the roles being performed by the same people centralizes the system (delegates have extra power/responsibility, and little incentive to think creatively about generating diversified feeds, and the market itself was just responding to external inputs the delegates didn't have a direct incentive to perform).

I'd like bitshares to eventually be asset agnostic, thus just a platform of rules people can use however they see fit. It is a blockchain with a specific and powerful set of features. At this point, demonstration of bitUSD and other bitassets are important, but allowing others to implement their own may be the future.

I guess I think of bitshares as http. You can do a lot over http besides websites, and html (bitasset) is separate from but is served over http (bitshares)

I agree with this direction.

Do you think we should start the discussion about separating block-signers from payed businesses (currently: >3% payed delegates) again? I'd like to see this separation!

Markets are not my field but at a first glance I'd like to se price feed capability on UIAs.
I think we shouldn't modify actual market issued assets (with delegate feeds) to keep things simple (or less scary) for normal users.

Quote from: maqifrnswa on April 16, 2015, 05:38:31 AM
I never liked the mixing of platform and asset roles (delegates both doing block verification and price feeds). Theoretically, the roles being performed by the same people centralizes the system (delegates have extra power/responsibility, and little incentive to think creatively about generating diversified feeds, and the market itself was just responding to external inputs the delegates didn't have a direct incentive to perform).

I'd like bitshares to eventually be asset agnostic, thus just a platform of rules people can use however they see fit. It is a blockchain with a specific and powerful set of features. At this point, demonstration of bitUSD and other bitassets are important, but allowing others to implement their own may be the future.

I guess I think of bitshares as http. You can do a lot over http besides websites, and html (bitasset) is separate from but is served over http (bitshares)

I agree with this direction.

Quote from: BTSdac on April 16, 2015, 05:58:54 AM
Hello BM
              what is the reason you want to change now?  is it the current BTA is not good enough ?

I am merely trying to align incentives to promote growth.  Nothing has to change, just adding new options.

Quote from: luckybit on April 16, 2015, 05:13:59 AM
How about starting a distributed collaborative organization similar to what SwarmFund is doing?

We could then use that legal organization to issue anything we want in a trusted manner.

http://www.financemagnates.com/cryptocurrency/news/swarm-advised-that-crowdsale-model-falls-under-securities-laws-launches-distributed-collaborative-organizations/
http://bollier.org/sites/default/files/misc-file-upload/files/DistributedNetworksandtheLaw%20report,%20Swarm-Coin%20Center-Berkman.pdf
http://www.scienceofteamscience.org/2011-sessions-virtual
....

Great finds luckybit!   What is amazing is that they came to many of the same conclusions we ultimately came to.  After reading the findings I feel pretty good about AGS:

1) Non Transferrable Asset  was considered a strong indicator for not being a security or expecting to profit from it.
2) Being presented as a no-strings-attached donation also negated the expectation of profit.
3) We only promised to use funds to build software that others could use to launch systems.. the software was to be free and open source which supports the lack of expectation of profit.

It is all a gray and subject to interpretations, but from what I could tell everything is this area of law is gray.  We are upgrading terminology in our referral system to call everyone members which is also in line with their recommendations.   

Hello BM
              what is the reason you want to change now?  is it the current BTA is not good enough ? 

Quote from: luckybit on April 16, 2015, 05:13:59 AM
How about starting a distributed collaborative organization similar to what SwarmFund is doing?
.

I had a dream where some delegates were already working on something similar, even bigger.