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Offline Stan

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October Newsletter - Halloween Edition
« on: November 01, 2014, 02:41:23 am »
EDIT:  Skip the draft,
Cass turned the newsletter into a permanent blog article for posterity.


Believe whatever you want to... or click here for the red pill!
http://bitshares.org/bitshares-reloaded/



Here's the draft, as handed off for Cass to work his magic...


BitShares Reloaded

Now that the enabling technology behind BitShares is proven and we have settled in to a comfortable pre-launch point at Number 4 on the charts, it is time to Reimagine Everything as we approach next month’s epic assault on Number 2.  Everything about BitShares has been simplified and streamlined in preparation for its introduction to the Outside World.  We have a focused vision, an elegant story, a consolidated product, a solid legal framework and a decentralized organization all wrapped up in one revolutionary self-funding juggernaut.

And you won’t want to miss its
PTS Anniversary Snapshot
on November 5, 2014

The biggest news is that we will be combining BitShares X, DNS, and VOTE into a single powerful product to be known simply as BitShares (BTS).  And, BitShares will extend its currency and company metaphors to become the first block chain to fully integrate its human resources as a self-governing community.  Then, each of us can decide whether we think that “C” in DAC stands for Decentralized Autonomous Community, Company, or Currency. 

BitShares will have many faces.  The users of a BitShares debit card, or its wallets, or its voting booths, or its day-trader's consoles won't need to know what is behind the digital tokens they are using.   But, there will be times when a bigger metaphor is needed to inform design decisions, communicate the vision, or explain the legal theory of operation. 

So pick your favorite.  BitShares is a manned community supporting an unmanned company that produces innovative currencies. And, it will soon be optimally decentralized at all three levels.  Most of what you have learned about BitShares still applies.  But, it is now easier to explain and more compelling than ever.  Let’s have a look! 

Our New Competitive Edges

The new BitShares (BTS) will have significant competitive edges over the several DACs it replaces.  In fact, when the developers of X, DNS, and VOTE saw how competitive BTS would become, they surrendered immediately.  Resistance was futile.  We have all been assimilated – not as a centralized collective of mere followers, but as decentralized community of cooperating entrepreneurs.  We can now work together while competing more effectively in an increasingly crowded industry.  We expect much of that competition to surrender soon too.  Here’s why:

Competitive Edge #1:  Shared Network Effect Features

As individual DACs, each of our developers would have had to duplicate the hardest parts of the job – growing network effect, generating critical mass, and building market depth.  By combining onto one blockchain, we could share the fruits of our combined efforts.  BitShares will integrate the following common services that would be much less effective if they weren’t common services:

•   A unified basket of stable, robust global currencies (BitAssets)
•   A unified set of well-compensated, best-of-breed delegates
•   A unified name and reputation system
•   A unified secure messaging system
•   A unified set of on and off ramps – portals to the fiat world.
•   A unified marketing umbrella – attracting attention to each other
•   A unified consensus-based governing system
•   A unified family of tools and wallets and interfaces
•   A unified way to attract and fund the best developers and marketing talent.

BitShares BTS moves our whole ecosystem into one DAC friendly free-trade zone with all the services that benefit from network effect already in place.

It offers new developers instant network effect.  Built in.

While the BitShares Toolkit is open source software that anyone is free to adopt, the network effect doesn’t come with the Toolkit!  You get that by joining our community.  You still run your own business with its own custom storefront and Internet presence.  You just skipped a year or two of trying to get traffic to stop by!

Competitive Edge #2:  Self-Funded Growth

Metaphors matter.  If BitShares were a currency, we would want it to have a limited supply.  If BitShares were a company, it would happily issue new shares to propel growth by attracting new infusions of cash, services, or intellectual capital.  What should BitShares the community do?   We think it should fairly recognize the contributions of all of its members – past, present, and future.  Fast-growing companies recognize that, as long as the value infused from new sources exceeds the value of shares issued, the future value of everybody’s shares will increase.   The BitShares community will therefore use the company metaphor, not the currency metaphor, to inform its growth policy decisions.

How will this work?  Well, Bitcoin has for years issued 50 new bitcoin “shares” every block to incentivize its mining “employees” to do the work required to secure its network.  This policy gradually increases the supply of its shares but does nothing to increase their value because the work done has no residual benefit.  The net cost of this wasteful work is about a half billion dollars per year.  If that new money didn’t have to be spent on outrageously expensive security, it could grant 101 small businesses an annual budget of 5 million dollars each to do something useful, something to promote Bitcoin’s growth.

BitShares is able to use its DPOS technology to do exactly that!  It will also offer up to 50 BTS per block to incentivize 101 employees (delegates) to secure the network PLUS do something useful to grow stakeholder value.  Since its DPOS security mechanism is so efficient, almost all of the BTS issued will go toward software, marketing, and infrastructure.  Stakeholders must approve new issuances by explicitly approving any new-hires that they are convinced will add more value than they consume.  They may choose to issue zero new shares; and, there is a hard-coded limit of 50 BTS per block (~6.3% annually).  It will likely be half that – far below Bitcoins ~10% inflation.
 
BitShares is the first blockchain that can hire its own staff.

The BitShares community, viewed as a company, will soon have 101 job openings for people who can help grow the business.  These will be highly competitive elected positions subject to approval of the stakeholders.  Each of these openings is able to pay employees with stake in the enterprise, just like any successful startup would do.   This is a huge competitive advantage; and, it is what will allow BitShares to fund the technology and user base growth needed to penetrate all sectors of the global economy.   It is a true a game changer that will ultimately attract the best and brightest talent to join our community. This is the competitive advantage that may well propel BitShares beyond Bitcoin in the next few years.

Why the Sudden Change?

Once BitSharesX was nicely tracking its market pegs and preparing for the coming marketing push, Bytemaster turned his attention to BitShares VOTE.  As he applied all the lessons learned from BitSharesX, VOTE began to look a lot like the BTS DAC we have just described.  There were compelling reasons for it to incorporate the features of X and DNS and it was clear that self-funding DACs were an enormous competitive advantage.

This would have made VOTE a far better investment than BTSX and forced BTSX and DNS to incorporate all the same features just to compete.  The net effect would be a complete fragmentation of all the network effect each DAC was trying to build.  This would split the best available delegates, the registration of new users, the number of traders available to make the markets, and the depth of the markets themselves.

If we declined to build the best DAC possible in each case by leaving out features so that they would compete less, then some other competitor would simply seize the opportunity to do so anyway.  Darwinian forces would rule.  There was no choice but to build the most competitive DAC we know how.  And, we keep learning; so, every new DAC in the future would be more competitive than those before it.  This would set up an inevitable boom and bust cycle as shiny new DACs killed off their predecessors.

On top of that, our big marking push for BTSX was looming; and, all the promotional materials for it were being finalized.  If we were going to switch our strategic plan to a single hypercompetitive DAC, we were going to have to move quickly. 

 
Finding the Right Formula

We now had the problem of moving all stakeholders into one tent and giving them a fair share of the combined stake.  This was not easy.  The interests of stakeholders had to be defended for BTSX, DNS, VOTE, PTS, and AGS.   Collectively, these represented developed, developing, and future DACs.  Some had begun to trade independently and had widely varying value metrics including market cap, liquidity, risk taken, future potential, likely overlapping membership in other categories, specifics to be negotiated with each individual developer. Several proposals were discussed. Everybody had his own idea of what constituted a fair weighting and expressed it energetically at bitsharestalk.org.

Finally, we decided to simply treat BTS like a new DAC and do a “normal” share drop distribution to various snapshots for the various constituency groups.  BTSX would map directly 1:1 into BTS shares and represent 80% of the initial BTS supply.  The remaining 20% would go those with interests in not-yet-operational DACs including PTS/AGS holders and the developers who had been working on those new DACs.

It is every DAC developer’s responsibility to define the initial share allocation in such a way as to maximize the success and support for their DAC.  Here is how we have done that duty for the planned BTS share drop in late November.

[Updated Table and Caption]


The percentage numbers in this table trace the snapshot shares back to where they originally came from for the purposes of demonstrating indirect honoring of PTS/AGS. DNS sold prior to proposal announcement still benefited the sellers and the buyers before that date will receive a small adjustment from other funds.

As in all grand compromises, everybody had to give a little: 

•   BTSX holders have to accept a 20% dilution phased in linearly over two years.  In return, they become the super DAC they would have had to compete against and gain the support of two great development teams.

•   AGS and PTS holders (at various points in time) had to accept a 6% dilution of their stake in merged future DACs (9.4% instead of 10%) but the growth potential of being participants as owners on the BTS Main Chain is a far, far better deal.  They also remain compelling demographics for third party developers to target in their share drops.

•   Developers of DNS and VOTE had to settle for a smaller stake (1.2%) in a much bigger DAC.  Given the combined potential, this was also a great trade.

•   Non-BTSX stakeholders had their expected value potential phase in gradually over the next two years to avoid shocking the BTSX market and to account for the rate at which they would have likely taken to reach maturity anyway.  Now a much bigger potential will phase in, as their BTS shares vest over that time.

•   BitShares MUSIC and BitShares PLAY developers have elected to remain independent from BTS and will continue to honor their proposed share distributions.  Other third party developers are expected to emerge in the coming months as well.

Summary

Despite the stress and confusion of these negotiations, we are all far better off than we were a week ago.

•   The unified development team can now focus on making one insanely great product.
•   The marketing teams can now focus on one clean, easy to tell story.
•   We will have a single large market cap that will continue to grow as new features are added.
•   Users attracted to one service will now discover them all.
•   Day traders and speculators can now focus on one deeper and more robust market.
•   Users of BitAssets will enjoy tighter pegs and greater liquidity.
•   Everything will operate with a common basket of currencies, one set of global account names, and a unified reputation management system.
•   Secure communications will connect all businesses on the chain.
•   Smart contracts will soon be possible between businesses on the chain and any mix of their customers.
•   Everybody’s efforts will be directed to achieving one big network effect.

And that should make all the difference!


[Updated Cautionary Notes]

Be sure to have your PTS & DNS out of the exchanges
and back in your wallets on Nov 5th.

BTER and BTC38 will honor DNS
but will have to stay in business two years to issue them as they vest.

The hard fork from BTSX to BTS will happen later in the month.
This will require nothing but a normal wallet update.

The BTSX markets will not be affected and will continue trading like any other upgrade.
Then you can import your PTS and AGS credits at your leisure.
« Last Edit: November 07, 2014, 08:30:37 pm by vikram »
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline Troglodactyl

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #1 on: November 01, 2014, 02:48:36 am »
Well done!

Offline btswildpig

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #2 on: November 01, 2014, 02:52:37 am »
will the final version of this Newsletter add any words or sentence ?
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Offline Stan

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #3 on: November 01, 2014, 02:54:49 am »
will the final version of this Newsletter add any words or sentence ?

Not unless somebody makes a compelling case for it before Cass cass-trates it into final glorious form.
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Offline Ander

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #4 on: November 01, 2014, 02:54:59 am »
This is great!
The way you presented the 'community' idea at the beginning was very well done.  (My reaction to it was far more favorable than Bytemaster's original post) :D

A couple comments:

1)
Quote
BitShares is able to use its DPOS technology to do exactly that!  It will also offer up to 50 BTS per block to incentivize 101 employees (delegates) to secure the network PLUS do something useful to grow stakeholder value.  Since its DPOS security mechanism is so efficient, almost all of the BTS issued will go toward software, marketing, and infrastructure.  Stakeholders must approve new issuances by explicitly approving any new-hires that they are convinced will add more value than they consume.  They may choose to issue zero new shares; and, there is a hard-coded limit of 8% annually.

By my math, the actual maximum cap is 6.3072%

50 BTS per block * 6 blocks/min * 60 mins/hr * 24 hour/day * 365 day/year = 157,680,000 BTS per year.
.15768 billion / 2.5 billion = .063072

Round to 6.3%


Is my math wrong, or is the 8% number wrong?  Could you guys be getting 8% by dividing by 2 billion instead of 2.5 billion?




2)
Quote
Well, Bitcoin has for years issued 50 new bitcoin “shares” every block to incentivize its mining “employees” to do the work required to secure its network.

Bitcoin reward blocks changed from 50 BTC to 25 per block in 2012.
(Maybe that is an irrelevant detail and 50 is fine to say).


3) Should the letter mention that this 6.3% dilution rate only occurs if we elect the maximum of 101 fully paid delegates, and in reality, we expect dilution to be lower than that?
Should we mention that shares burned to transaction fees, and shares burned as fees later on when using the DNS and VOTE services will also reduce the dilution rate?
« Last Edit: November 01, 2014, 02:57:48 am by Ander »
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Offline Ander

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #5 on: November 01, 2014, 03:05:00 am »
I must say, new threads are so much harder to find up in this sticky area!  We are trained to not look here. :P
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Offline btswildpig

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #6 on: November 01, 2014, 03:18:14 am »
I must say, new threads are so much harder to find up in this sticky area!  We are trained to not look here. :P

The corner of your eye , you just never look there  :P
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Offline starspirit

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #7 on: November 01, 2014, 03:19:07 am »
Nice. Its very exciting to think about what the future holds.

Offline BTSdac

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #8 on: November 01, 2014, 03:26:19 am »
I think the max inflation is 6.3% first years.  but if all the stockholder don`t like this , all stockholder can use their vote to make the inflation become 0%, if they think 0% is better for BTS growing.  but I think gentle inflation can attract more people jion BTS ecology.  I think btser can choice by their voting ,
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Offline Brent.Allsop

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #9 on: November 01, 2014, 04:02:50 am »

BitShares will integrate the following common services that would be much less effective if they weren’t common services:

•   A unified consensus-based governing system


I understand all the other features, and think everything else is great, but what is that one?


Offline Thom

Re: *Draft* October Newsletter - Halloween Edition
« Reply #10 on: November 01, 2014, 04:56:17 am »
Very VERY well done, fantastic!

Can't wait to see this hit the crypto world!
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Offline Ander

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #11 on: November 01, 2014, 05:02:53 am »
Hopefully those that read this will be calmed and stop panic selling, and the price can rebound. 

Is it going to be translated into chinese?
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Offline Riverhead

Re: *Draft* October Newsletter - Halloween Edition
« Reply #12 on: November 01, 2014, 05:04:01 am »
Hopefully those that read this will be calmed and stop panic selling, and the price can rebound. 

Is it going to be translated into chinese?


 +5% +5%

Offline pc

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #13 on: November 01, 2014, 07:26:00 am »
The obvious question here is:

Who are the "other stakeholders" and why do they get sharedropped 30M BTS?
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Offline Ander

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #14 on: November 01, 2014, 07:36:45 am »
The obvious question here is:

Who are the "other stakeholders" and why do they get sharedropped 30M BTS?

Its other holders of VOTE, such as Follow my vote, etc.  (I agree, this should be spelled out in the newsletter).
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Offline cass

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #15 on: November 01, 2014, 10:23:05 am »
The obvious question here is:

Who are the "other stakeholders" and why do they get sharedropped 30M BTS?

interesting question ...
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Re: *Draft* October Newsletter - Halloween Edition
« Reply #16 on: November 01, 2014, 10:41:01 am »
Stan .. please mention that users should also withdraw DNS from the exchanges!
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Offline ripplexiaoshan

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #17 on: November 01, 2014, 12:34:23 pm »
Stan .. please mention that users should also withdraw DNS from the exchanges!

Not necessary, bter and btc38 will honor DNS holder.


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Re: *Draft* October Newsletter - Halloween Edition
« Reply #18 on: November 01, 2014, 12:45:44 pm »
Stan .. please mention that users should also withdraw DNS from the exchanges!

Not necessary, bter and btc38 will honor DNS holder.
With the issue of a 2yrs vesting period you need to make sure bter and btc38 dont close their doors .. which is clearly out of our or your control
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Offline Stan

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #19 on: November 01, 2014, 01:08:28 pm »
It was, but  I added a bit more:

•   Other stakeholders (developers of DNS and VOTE) had to settle for a smaller stake (1.2%) in a much bigger DAC.  Given the combined potential, this was also a great trade.  (See their original distribution percentages.)
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Offline Riverhead

Re: *Draft* October Newsletter - Halloween Edition
« Reply #20 on: November 01, 2014, 01:22:04 pm »
Excellent news letter as usual. I feel the ecosystem is being rebooted and we all have a chance at some cheap shares while the market figures out what's happening.

Offline Stan

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #21 on: November 01, 2014, 01:25:52 pm »
I am missing the part what will happen to DNS Holders at DNS Snapshot.
I was sure there were an agreement, No?

It's there in the table...
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Offline Stan

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #22 on: November 01, 2014, 01:26:42 pm »
Excellent news letter as usual. I feel the ecosystem is being rebooted and we all have a chance at some cheap shares while the market figures out what's happening.

... and its payday!
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Offline Riverhead

Re: *Draft* October Newsletter - Halloween Edition
« Reply #23 on: November 01, 2014, 01:32:26 pm »
Excellent news letter as usual. I feel the ecosystem is being rebooted and we all have a chance at some cheap shares while the market figures out what's happening.

... and its payday!

Same here :D.

Offline Ander

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #24 on: November 01, 2014, 02:19:40 pm »
Excellent news letter as usual. I feel the ecosystem is being rebooted and we all have a chance at some cheap shares while the market figures out what's happening.

... and its payday!

Same here :D.

Mine was last week and I used it to buy more right before the 30% drop. :(
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Offline hpenvy

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #25 on: November 01, 2014, 02:27:51 pm »
I bought a large amount at 8000, I bought another large amount at 7000, bought around 15 btc this morning.. oh well.  In the next end, I'm gambling this ends up as the #1 or completely insignificant in the long term. What matters now is how we proceed, the price will work itself out one way or another based on what this community can accomplish.

Great newsletter.
« Last Edit: November 01, 2014, 02:29:30 pm by hpenvy »
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Re: *Draft* October Newsletter - Halloween Edition
« Reply #26 on: November 01, 2014, 02:29:35 pm »
I just have one suggestion for the table or maybe a comment after the table. If one skims through the press release and glances at the table it might be possible to get misled that the sharedrop honors the pts/ags holders at the DNS snapshot and not its current holders (My initial thought). After reading more carefully the release and the comments, I can see it was meant more to explain the allocation(which was previously talked about) and not define a different one. So, a sentence clarifying that current DNS holders will be snapshotted might be helpful to reassure any doubt. Otherwise I am really excited about the changes.
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Offline emailtooaj

Re: *Draft* October Newsletter - Halloween Edition
« Reply #27 on: November 01, 2014, 02:59:28 pm »

•   Users attracted to one service will now discover them all.


+5%   Of this whole letter, I believe this to be the most powerful sentence! (of the many  8))

*I also agree with others about getting the word out about NOT leaving any DNS and PTS on the exchanges for the snapshot; get it transferred into your local wallet!
Detailing the risk of doing so will help any future distrust and arguments towards this community!
This, IMO needs to be announced more formerly by 3I and not by other forum members (either trusted or not).
If 3I has done this already then my apologies. I haven't seen it readily posted elsewhere.
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Offline Stan

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #28 on: November 01, 2014, 03:14:05 pm »
Would this make it more clear? (I'm waiting for confirmation of this proposed clarification from Toast.)


The percentage numbers in this table trace the snapshot shares back to where they originally came from for the purposes of demonstrating indirect honoring of PTS/AGS. DNS sold prior to proposal announcement still benefited the sellers and the buyers before that date will receive a small adjustment from other funds.
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Re: *Draft* October Newsletter - Halloween Edition
« Reply #29 on: November 01, 2014, 03:44:45 pm »
@Stan

Yeah that's perfect. Thanks

BTS Witnesses: delegate-1.lafona     Witness Thread: https://bitsharestalk.org/index.php/topic,21569.msg280911/topicseen.html#msg280911
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Offline CalabiYau

Re: *Draft* October Newsletter - Halloween Edition
« Reply #30 on: November 01, 2014, 03:46:23 pm »
Interesting and motivating newsletter.

Now that the dust has settled a bit, my conclusion:  ==>> BUY

Offline Stan

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #31 on: November 01, 2014, 03:56:37 pm »
Small suggested updates have been added to OP in brown text.
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline cass

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #32 on: November 01, 2014, 05:21:06 pm »
i'll prepare newsletter now ... so hopefully not so many changes after …
█║▌║║█  - - -  The quieter you become, the more you are able to hear  - - -  █║▌║║█

Offline G1ng3rBr34dM4n

Re: *Draft* October Newsletter - Halloween Edition
« Reply #33 on: November 01, 2014, 05:48:16 pm »
Looks great Stan!  Concise and clear.


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Offline Gentso1

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #34 on: November 01, 2014, 05:51:08 pm »
I am glad to see we have not been completely scared away from using the company metaphor. I understand the lawyers are probably telling you to steer away from the word as much as humanly possible but to investors its pretty important.   

Offline G1ng3rBr34dM4n

Re: *Draft* October Newsletter - Halloween Edition
« Reply #35 on: November 01, 2014, 06:09:55 pm »

I am glad to see we have not been completely scared away from using the company metaphor. I understand the lawyers are probably telling you to steer away from the word as much as humanly possible but to investors its pretty important.

I agree. 

But I also really like the new opportunity for a "dealer's choice" metaphor that can be applied to whomever the product is being pitched to.

We now have a newfound limitless potential for onboarding the largest mass of consumers possible.  The DAC metaphor is not so rigid in it's purely semantic definition.  I believe this is a very good thing.


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Offline jamesc

Re: *Draft* October Newsletter - Halloween Edition
« Reply #36 on: November 01, 2014, 09:01:04 pm »
How will this work?  Well, Bitcoin has for years issued 50 new bitcoin “shares” ...
policy gradually increases the supply of its shares but does nothing to increase
their value because the work done has no residual benefit.

EDIT: corrected delegate pay rate and percent

Lets compare to our network. 

Just for fun, lets compare to Bitcoin:
hours_month=30*24
blocks_month=hours_month*6
btc_per_month=blocks_month*25
btc_cost_per_month=btc_per_month*324.48   
=$35,043,840.00 / month

We pay 101 delegates about 100/month last I checked.  That was
at 3 cents per Bitshare.. Today at about 1.5 cents that is about $5,000
per month. 

What is the percent?

35043840/5000 = 7008.768

So, given market values as of this writing, we run at a rate that is 7,000 times (or 700,000%) more efficient than Bitcoin.
« Last Edit: November 02, 2014, 11:15:25 am by jcalfee1 »

Offline liondani

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #37 on: November 02, 2014, 12:51:31 pm »
@bytemaster
How will our bitUSDs count on bts allocation? Do we need to buy BTSX with out bitUSDs to count at the snapshot?
The same question for our short orders that are not covered ... Do we need to cover so our collateral will count for the BTS allocation afetr the snapshot ?

Offline graffenwalder

Re: *Draft* October Newsletter - Halloween Edition
« Reply #38 on: November 02, 2014, 01:00:23 pm »
@bytemaster
How will our bitUSDs count on bts allocation? Do we need to buy BTSX with out bitUSDs to count at the snapshot?
The same question for our short orders that are not covered ... Do we need to cover so our collateral will count for the BTS allocation afetr the snapshot ?
This was already answered somewhere else.
But BTSX: BTS = 1:1. The platform will continue as usual, so no need to cover or sell bitusd for the snapshot.

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #39 on: November 02, 2014, 01:28:17 pm »
can confirm @Graffenwalder
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Offline jckj

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #40 on: November 02, 2014, 01:32:27 pm »
Here's the draft, as handed off for Cass to work his magic...


BitShares Reloaded

BitShares is able to use its DPOS technology to do exactly that!  It will also offer up to 50 BTS per block to incentivize 101 employees (delegates) to secure the network PLUS do something useful to grow stakeholder value.  Since its DPOS security mechanism is so efficient, almost all of the BTS issued will go toward software, marketing, and infrastructure.  Stakeholders must approve new issuances by explicitly approving any new-hires that they are convinced will add more value than they consume.  They may choose to issue zero new shares; and, there is a hard-coded limit of 50 BTS per block (~6.3% annually).  It will likely be half that – far below Bitcoins ~10% inflation.

 [/i][/color][/center]

BTC 10% inflation was base on miner's machine price wich actuly was real money real thing. As we've seen this year, it cost about more than $500,000,000 for mine this 10% this year. So bts should get some real things invole for solve this. My sugestion is delegate should take the real money in bts for bitus-usd node, frozen the real money make degate couldn't get them, just for bts industry. maybe this will work bter.

Offline CoinHoarder

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #41 on: November 02, 2014, 03:27:42 pm »
Good work  +5%

Where can one sign up to receive these newsletters?
https://www.decentralized.tech/ -> Market Data, Portfolios, Information, Links, Reviews, Forums, Blogs, Etc.
https://www.cryptohun.ch/ -> Tradable Blockchain Asset PvP Card Game

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #42 on: November 02, 2014, 03:55:51 pm »
Good work  +5%

Where can one sign up to receive these newsletters?
http://bitshares.org/stay-tuned/
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline CoinHoarder

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #43 on: November 02, 2014, 03:58:00 pm »
Good work  +5%

Where can one sign up to receive these newsletters?
http://bitshares.org/stay-tuned/

Thanks.

Those with Bitcointalk accounts should participate in a thread I just made to to give Bitshares more exposure in the ALT cryptocurrency community. It is a thread for Bitshares' newsletters.

https://bitcointalk.org/index.php?topic=844038.0
https://www.decentralized.tech/ -> Market Data, Portfolios, Information, Links, Reviews, Forums, Blogs, Etc.
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Offline Riverhead

Re: *Draft* October Newsletter - Halloween Edition
« Reply #44 on: November 03, 2014, 02:39:16 am »
You do excellent work cass. Glad we have you on the team  +5% .

Offline donkeypong

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #45 on: November 03, 2014, 03:29:04 am »
Really good!

Offline cn-members

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #46 on: November 03, 2014, 04:48:07 pm »
BTS中文区发言人公共账号,帮助社区有效沟通与交流。
Chinese Community Spokesman Account,to help the effective communication between Chinese and other members of the community.We're not translators to do regular translations , but will help with vital ones as we see fit and available at that time.

Offline Ander

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #47 on: November 03, 2014, 05:38:26 pm »
We translate it into Chinese, enjoy~ :D

http://www.bts.hk/october-newsletter-halloween-edition.html

Thanks!  I hope the chinese communtiy starts to feel better about the changes soon!
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Offline Stan

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #48 on: November 05, 2014, 04:13:24 am »

Cass turned the newsletter into a permanent blog article for posterity...

Believe whatever you want to... or click here for the red pill!
http://bitshares.org/bitshares-reloaded/
« Last Edit: November 05, 2014, 04:18:50 am by Stan »
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline starspirit

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #49 on: November 05, 2014, 04:49:37 am »

Cass turned the newsletter into a permanent blog article for posterity...

Believe whatever you want to... or click here for the red pill!
http://bitshares.org/bitshares-reloaded/
Inspiring read!
One grammatical, marking should be marketing.
Bolded area refers to table, but couldn't see the table.

Offline joele

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Offline bitdraw

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #51 on: November 05, 2014, 12:33:43 pm »
whats the snapshot time?

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #52 on: November 05, 2014, 12:36:35 pm »
whats the snapshot time?
last block the day .. UTC time
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Offline hpenvy

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #53 on: November 05, 2014, 06:43:54 pm »
Good work  +5%

Where can one sign up to receive these newsletters?
http://bitshares.org/stay-tuned/

Thanks.

Those with Bitcointalk accounts should participate in a thread I just made to to give Bitshares more exposure in the ALT cryptocurrency community. It is a thread for Bitshares' newsletters.

https://bitcointalk.org/index.php?topic=844038.0

If you haven't made a comment here, please take a minute and leave on.  It's important that we leave meaningful comments that keep it the thread in the public eye.
=============
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Tips appreciated for good work

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #54 on: November 06, 2014, 02:18:15 am »
Hey guys!
As i understood PTS and AGS will live on after the snap shot today as snapshot base for 3rd party dacs.
What about BTSX? Will it also live on or will the new BTS be used as colleteral?
If BTSX lives on aswell, what can i understand under the new BTS?

Offline btswildpig

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #55 on: November 06, 2014, 01:49:23 pm »
Hey guys!
As i understood PTS and AGS will live on after the snap shot today as snapshot base for 3rd party dacs.
What about BTSX? Will it also live on or will the new BTS be used as colleteral?
If BTSX lives on aswell, what can i understand under the new BTS?

BTSX rename   to BTS , that's all .

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Offline bitcoinnoisseur

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #56 on: November 06, 2014, 06:00:51 pm »
I had all my PTS and BTSX in my wallet. I never got to import my PTS wallet into the new DNS wallet. Does that mean I missed getting any BTS for those DNS?

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #57 on: November 06, 2014, 06:02:07 pm »
I had all my PTS and BTSX in my wallet. I never got to import my PTS wallet into the new DNS wallet. Does that mean I missed getting any BTS for those DNS?
Nop.. you will get airdropped onto those too!!
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Offline bitcoinnoisseur

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #58 on: November 06, 2014, 06:03:21 pm »
I had all my PTS and BTSX in my wallet. I never got to import my PTS wallet into the new DNS wallet. Does that mean I missed getting any BTS for those DNS?
Nop.. you will get airdropped onto those too!!

Thank you so much. Tha'ts good to hear. :)

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #59 on: November 06, 2014, 10:18:20 pm »
l 'd like to say that l m happy to join this community and believe made right choice that invested in BTSX(half of my btc) and DNS,even though couldn t withdraw my DNS from Bter,l wouldn t be able to withdraw them soon as new BTS wallet released.would l?
next year Bitshares popularity will increase hugely.
Thanks to all Dev T.
 :D

Offline Ander

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #60 on: November 06, 2014, 11:19:08 pm »
Welcome N1947!  I'm glad the community has found one new member to replace the many that left due to 'dilution'.  We need more strong hands to buy the panic dumped shares of those who left.
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Offline donkeypong

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #61 on: November 07, 2014, 05:43:01 am »
Welcome N1947!  I'm glad the community has found one new member to replace the many that left due to 'dilution'.  We need more strong hands to buy the panic dumped shares of those who left.

Nobody's left; come on. Get over it already. Only a fool or a manipulator would sell, and I suspect it's been mostly the latter. This thing's going to be bigger than ever.

And yes, welcome to N1947!

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #62 on: November 08, 2014, 12:38:38 am »
Welcome N1947!  I'm glad the community has found one new member to replace the many that left due to 'dilution'.  We need more strong hands to buy the panic dumped shares of those who left.
why many has left??????

Offline Ander

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #63 on: November 08, 2014, 01:26:20 am »
Welcome N1947!  I'm glad the community has found one new member to replace the many that left due to 'dilution'.  We need more strong hands to buy the panic dumped shares of those who left.

Nobody's left; come on. Get over it already. Only a fool or a manipulator would sell, and I suspect it's been mostly the latter. This thing's going to be bigger than ever.

And yes, welcome to N1947!

Some people definitely left, thats why we tanked by 50% in the second half of october.  It seems that the chinese community were mostly where the dumping occurred, since it was hard for the communication to reach them.

Obviously, those of us who are in the know used it to buy more shares.  I have about twice as many BTS now as I did a month ago.
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Offline N1947

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Re: October Newsletter - Halloween Edition
« Reply #64 on: November 09, 2014, 03:34:18 am »
meaning of other stakeholders is dev got almost 2k btc in their pocket now,what a lucrative bizzz.

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Re: October Newsletter - Halloween Edition
« Reply #65 on: November 09, 2014, 09:17:08 am »
This thread is about the October Newsletter, I will re link it here http://bitshares.org/bitshares-reloaded/

Those of you that sold your bts high and now you are running out of time to buy them back cheap please create another thread. I don't think it would be a bad idea for moderators to start deleting future unrelated posts.

Offline starspirit

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Re: October Newsletter - Halloween Edition
« Reply #66 on: November 11, 2014, 06:34:35 am »

Competitive Edge #2:  Self-Funded Growth

Metaphors matter.  If BitShares were a currency, we would want it to have a limited supply.  If BitShares were a company, it would happily issue new shares to propel growth by attracting new infusions of cash, services, or intellectual capital.  What should BitShares the community do?   We think it should fairly recognize the contributions of all of its members – past, present, and future.  Fast-growing companies recognize that, as long as the value infused from new sources exceeds the value of shares issued, the future value of everybody’s shares will increase.   The BitShares community will therefore use the company metaphor, not the currency metaphor, to inform its growth policy decisions.

How will this work?  Well, Bitcoin has for years issued 50 new bitcoin “shares” every block to incentivize its mining “employees” to do the work required to secure its network.  This policy gradually increases the supply of its shares but does nothing to increase their value because the work done has no residual benefit.  The net cost of this wasteful work is about a half billion dollars per year.  If that new money didn’t have to be spent on outrageously expensive security, it could grant 101 small businesses an annual budget of 5 million dollars each to do something useful, something to promote Bitcoin’s growth.

BitShares is able to use its DPOS technology to do exactly that!  It will also offer up to 50 BTS per block to incentivize 101 employees (delegates) to secure the network PLUS do something useful to grow stakeholder value.  Since its DPOS security mechanism is so efficient, almost all of the BTS issued will go toward software, marketing, and infrastructure.  Stakeholders must approve new issuances by explicitly approving any new-hires that they are convinced will add more value than they consume.  They may choose to issue zero new shares; and, there is a hard-coded limit of 50 BTS per block (~6.3% annually).  It will likely be half that – far below Bitcoins ~10% inflation.
 
BitShares is the first blockchain that can hire its own staff.

The BitShares community, viewed as a company, will soon have 101 job openings for people who can help grow the business.  These will be highly competitive elected positions subject to approval of the stakeholders.  Each of these openings is able to pay employees with stake in the enterprise, just like any successful startup would do.   This is a huge competitive advantage; and, it is what will allow BitShares to fund the technology and user base growth needed to penetrate all sectors of the global economy.   It is a true a game changer that will ultimately attract the best and brightest talent to join our community. This is the competitive advantage that may well propel BitShares beyond Bitcoin in the next few years.


I'm still trying to understand the economics of this concept of self-funded growth. In theory, if there were no dilution, and everybody agreed to pay existing BTS in proportion to their stake for the same expense, wouldn't the economic outcome be exactly the same as for dilution, except that the market cap of all shares would be spread over a different supply of shares?

If so, is the real benefit of dilution not an economic one, but a political/administrative one because it provides a more graceful mechanism for an expense to be shared without any enforcement of transactions?

I ask this not out of any negativity toward the power to dilute when appropriate (and I'm sure it has its place), but just wondering how dilution facilitates a higher level of growth.

Offline thisisausername

Re: October Newsletter - Halloween Edition
« Reply #67 on: November 11, 2014, 07:06:19 am »
I'm still trying to understand the economics of this concept of self-funded growth. In theory, if there were no dilution, and everybody agreed to pay existing BTS in proportion to their stake for the same expense, wouldn't the economic outcome be exactly the same as for dilution, except that the market cap of all shares would be spread over a different supply of shares?

If so, is the real benefit of dilution not an economic one, but a political/administrative one because it provides a more graceful mechanism for an expense to be shared without any enforcement of transactions?

I ask this not out of any negativity toward the power to dilute when appropriate (and I'm sure it has its place), but just wondering how dilution facilitates a higher level of growth.
Yes.

Yes.

Because "more graceful" is an understatement (without forced dilution and with the need for dev funds, the game reduces to a prisoner's dilemma.)
« Last Edit: November 11, 2014, 07:09:11 am by thisisausername »
Pjo39s6hfpWexsZ6gEBC9iwH9HTAgiEXTG

Offline theoretical

Re: October Newsletter - Halloween Edition
« Reply #68 on: November 15, 2014, 08:28:58 pm »

Where can I find the non-draft version of this?  http://bitshares.org/bitshares-reloaded/ points to an under construction page.
BTS- theoretical / PTS- PZxpdC8RqWsdU3pVJeobZY7JFKVPfNpy5z / BTC- 1NfGejohzoVGffAD1CnCRgo9vApjCU2viY / the delegate formerly known as drltc / Nothing said on these forums is intended to be legally binding / All opinions are my own unless otherwise noted / Take action due to my posts at your own risk

Offline Stan

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Re: October Newsletter - Halloween Edition
« Reply #69 on: November 15, 2014, 08:43:35 pm »

Where can I find the non-draft version of this?  http://bitshares.org/bitshares-reloaded/ points to an under construction page.

Seems to work for me...

https://bitsharestalk.org/index.php?topic=10844.msg142757#msg142757
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline Stan

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Re: October Newsletter - Halloween Edition
« Reply #70 on: November 15, 2014, 09:13:08 pm »

I'm still trying to understand the economics of this concept of self-funded growth. In theory, if there were no dilution, and everybody agreed to pay existing BTS in proportion to their stake for the same expense, wouldn't the economic outcome be exactly the same as for dilution, except that the market cap of all shares would be spread over a different supply of shares?

If so, is the real benefit of dilution not an economic one, but a political/administrative one because it provides a more graceful mechanism for an expense to be shared without any enforcement of transactions?

I ask this not out of any negativity toward the power to dilute when appropriate (and I'm sure it has its place), but just wondering how dilution facilitates a higher level of growth.

It has an economic benefit too:

Joe and Mary decide to form a donut company and each put in 50 BTC of their own money.
They issue themselves 1 share per BTC so they each have 50 of the 100 shares, each worth 1 BTC and 1% of the company.
This buys them one donut making machine.

Sam joins them and adds another 100 BTC of his own money.
They issue him 100 new shares to represent his contribution.
This seems fair to everyone since they each got one share for each BTC they contributed.
They buy another donut machine and double their sales.

Now Joe and Mary still have 50 shares, but out of 200, or 1/2 % of the company.  But each share is still worth 1 BTC.
Sure, their percentage of the shares has been diluted by 50% but their value remains unchanged.

If Sam hadn't joined them, they could not double their sales.  So dilution was worth it and everybody gains.

Sam didn't dilute their wealth, he just diluted their percentage of a pie that he helped make twice as big.

If Joe and Mary had not diluted, it would have taken a long time to save up for that second machine. 

Time for competitors to emerge and gain a foothold in their lucrative donut market.  :)
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline starspirit

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Re: October Newsletter - Halloween Edition
« Reply #71 on: November 15, 2014, 10:25:13 pm »

I'm still trying to understand the economics of this concept of self-funded growth. In theory, if there were no dilution, and everybody agreed to pay existing BTS in proportion to their stake for the same expense, wouldn't the economic outcome be exactly the same as for dilution, except that the market cap of all shares would be spread over a different supply of shares?

If so, is the real benefit of dilution not an economic one, but a political/administrative one because it provides a more graceful mechanism for an expense to be shared without any enforcement of transactions?

I ask this not out of any negativity toward the power to dilute when appropriate (and I'm sure it has its place), but just wondering how dilution facilitates a higher level of growth.

It has an economic benefit too:

Joe and Mary decide to form a donut company and each put in 50 BTC of their own money.
They issue themselves 1 share per BTC so they each have 50 of the 100 shares, each worth 1 BTC and 1% of the company.
This buys them one donut making machine.

Sam joins them and adds another 100 BTC of his own money.
They issue him 100 new shares to represent his contribution.
This seems fair to everyone since they each got one share for each BTC they contributed.
They buy another donut machine and double their sales.

Now Joe and Mary still have 50 shares, but out of 200, or 1/2 % of the company.  But each share is still worth 1 BTC.
Sure, their percentage of the shares has been diluted by 50% but their value remains unchanged.

If Sam hadn't joined them, they could not double their sales.  So dilution was worth it and everybody gains.

Sam didn't dilute their wealth, he just diluted their percentage of a pie that he helped make twice as big.

If Joe and Mary had not diluted, it would have taken a long time to save up for that second machine. 

Time for competitors to emerge and gain a foothold in their lucrative donut market.  :)
Thanks Stan. I agree with all that you have said, but they could also have accomplished the deal without dilution in this way:

Joe and Mary decide they will pay half their existing shares (together being 50 shares) to Sam for his 100 BTC of capital, and with that they now buy their second donut machine, which doubles their sales.
Joe and Mary now each have 25 shares, Sam has 50, and the split is the same as per dilution.
But each share is worth double the amount, and everybody's economic outcome is exactly the same as per dilution.

So dilution is not required for growth (at least in this example). But there is a practical issue potentially. This is an easy example where Joe and Mary can easily agree on the payment. If there were thousands of owners it would be more difficult to ensure everyone pays their share and administer this. And maybe thats where dilution helps. There is also a cost in that the majority holders force the hand of everyone else. That's not unlike any traditional company.

Edit: It may be that the impracticalities of sourcing funds from every shareholder is what does not allow a business to easily self-fund in this way, and maybe that still argues for dilution being the only practical way to self-fund, at least for now. Down the track i would be interested in considering other methods of self funding that could complement or maybe one day replace dilution, depending on the need to be met.
« Last Edit: November 15, 2014, 11:03:51 pm by starspirit »

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Re: October Newsletter - Halloween Edition
« Reply #73 on: November 18, 2014, 02:29:24 pm »


BitShares Reloaded

Now that the enabling technology behind BitShares is proven and we have settled in to a comfortable pre-launch point at Number 4 on the charts, it is time to Reimagine Everything as we approach next month’s epic assault on Number 2.  Everything about BitShares has been
80% impossible.

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Re: October Newsletter - Halloween Edition
« Reply #74 on: November 18, 2014, 02:55:37 pm »


BitShares Reloaded

Now that the enabling technology behind BitShares is proven and we have settled in to a comfortable pre-launch point at Number 4 on the charts, it is time to Reimagine Everything as we approach next month’s epic assault on Number 2.  Everything about BitShares has been
80% impossible.

83.7% of all people believe in the correctness of numbers if they are made up quickly enough!
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

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Re: October Newsletter - Halloween Edition
« Reply #75 on: November 19, 2014, 06:30:18 pm »

Joe and Mary decide they will pay half their existing shares (together being 50 shares) to Sam for his 100 BTC of capital, and with that they now buy their second donut machine, which doubles their sales.
Joe and Mary now each have 25 shares, Sam has 50, and the split is the same as per dilution.
But each share is worth double the amount, and everybody's economic outcome is exactly the same as per dilution.

So dilution is not required for growth (at least in this example). But there is a practical issue potentially. This is an easy example where Joe and Mary can easily agree on the payment. If there were thousands of owners it would be more difficult to ensure everyone pays their share and administer this. And maybe thats where dilution helps.

Exactly, it is much easier to issue some more shares rather than to take a portion of everyone's shares and give them to the new partner.  Especially when those shares are tokens on a blockchain, and you need private keys to move them!  Especially when it happens not one time, but a tiny bit, once every 10 seconds when a block is created.

Quote
There is also a cost in that the majority holders force the hand of everyone else. That's not unlike any traditional company.

Yes, its just like a company in that regard.  If small holders disapprove of the decision their option is to sell.
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Re: October Newsletter - Halloween Edition
« Reply #76 on: November 19, 2014, 06:36:40 pm »


BitShares Reloaded

Now that the enabling technology behind BitShares is proven and we have settled in to a comfortable pre-launch point at Number 4 on the charts, it is time to Reimagine Everything as we approach next month’s epic assault on Number 2.  Everything about BitShares has been
80% impossible.

83.7% of all people believe in the correctness of numbers if they are made up quickly enough!

Reminds me of a Todd Snider song - Statistician Blues
https://www.youtube.com/watch?v=IUK6zjtUj00

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Re: October Newsletter - Halloween Edition
« Reply #77 on: November 19, 2014, 09:59:59 pm »

Joe and Mary decide they will pay half their existing shares (together being 50 shares) to Sam for his 100 BTC of capital, and with that they now buy their second donut machine, which doubles their sales.
Joe and Mary now each have 25 shares, Sam has 50, and the split is the same as per dilution.
But each share is worth double the amount, and everybody's economic outcome is exactly the same as per dilution.

So dilution is not required for growth (at least in this example). But there is a practical issue potentially. This is an easy example where Joe and Mary can easily agree on the payment. If there were thousands of owners it would be more difficult to ensure everyone pays their share and administer this. And maybe thats where dilution helps.

Exactly, it is much easier to issue some more shares rather than to take a portion of everyone's shares and give them to the new partner.  Especially when those shares are tokens on a blockchain, and you need private keys to move them!  Especially when it happens not one time, but a tiny bit, once every 10 seconds when a block is created.

Quote
There is also a cost in that the majority holders force the hand of everyone else. That's not unlike any traditional company.

Yes, its just like a company in that regard.  If small holders disapprove of the decision their option is to sell.

Good, so we agree the benefit of dilution is a pragmatic one of achieving self-funded growth in an administratively feasible manner, and not necessarily the only way of achieving self-funded growth. It has to stay simple and practical for now, but this recognition at least opens up the possibility for complementary growth mechanisms down the track.

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Re: October Newsletter - Halloween Edition
« Reply #78 on: November 26, 2014, 06:49:32 pm »


BitShares Reloaded

Now that the enabling technology behind BitShares is proven and we have settled in to a comfortable pre-launch point at Number 4 on the charts, it is time to Reimagine Everything as we approach next month’s epic assault on Number 2.  Everything about BitShares has been
80% impossible.

83.7% of all people believe in the correctness of numbers if they are made up quickly enough!

Welp, next month is already almost over with, and we're quite a ways from epically assaulting number 2 (grin). When does the epic assault commence? Can we hit a $330 million market cap in the next 4 days? lol that would be awesome...

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Re: October Newsletter - Halloween Edition
« Reply #79 on: November 26, 2014, 09:52:31 pm »


BitShares Reloaded

Now that the enabling technology behind BitShares is proven and we have settled in to a comfortable pre-launch point at Number 4 on the charts, it is time to Reimagine Everything as we approach next month’s epic assault on Number 2.  Everything about BitShares has been
80% impossible.

83.7% of all people believe in the correctness of numbers if they are made up quickly enough!

Welp, next month is already almost over with, and we're quite a ways from epically assaulting number 2 (grin). When does the epic assault commence? Can we hit a $330 million market cap in the next 4 days? lol that would be awesome...

An epic assault begins from a base camp near the bottom of the mountain.  :)

Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

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Re: October Newsletter - Halloween Edition
« Reply #80 on: November 27, 2014, 06:21:02 am »


BitShares Reloaded

Now that the enabling technology behind BitShares is proven and we have settled in to a comfortable pre-launch point at Number 4 on the charts, it is time to Reimagine Everything as we approach next month’s epic assault on Number 2.  Everything about BitShares has been
80% impossible.

83.7% of all people believe in the correctness of numbers if they are made up quickly enough!

Welp, next month is already almost over with, and we're quite a ways from epically assaulting number 2 (grin). When does the epic assault commence? Can we hit a $330 million market cap in the next 4 days? lol that would be awesome...

An epic assault begins from a base camp near the bottom of the mountain.  :)


史上最屌牛皮大王——STAN.
Cheers
« Last Edit: November 27, 2014, 06:24:08 am by lzr1900 »

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Re: October Newsletter - Halloween Edition
« Reply #81 on: November 27, 2014, 08:04:33 am »

史上最屌牛皮大王——STAN.
Cheers
you forgot to mention that the image above shows the 24h change ..
Stan thinks bigger ..
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Re: October Newsletter - Halloween Edition
« Reply #82 on: November 27, 2014, 02:05:33 pm »
Declaring a destination is necessary for planning your route.  :)
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Re: October Newsletter - Halloween Edition
« Reply #83 on: November 29, 2014, 08:58:36 am »
Remember when ripple was below litecoin? 

Oh yeah that was a couple weeks ago.
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Re: October Newsletter - Halloween Edition
« Reply #84 on: November 29, 2014, 10:28:56 am »
I look forward to the next edition!
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Re: October Newsletter - Halloween Edition
« Reply #85 on: December 10, 2014, 02:31:27 am »
Do we have an ETA for the next newsletter that gets blasted to our subscribers?
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Re: October Newsletter - Halloween Edition
« Reply #86 on: December 10, 2014, 04:47:45 am »
Do we have an ETA for the next newsletter that gets blasted to our subscribers?

Long, long before this...



Working on it now.
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Re: October Newsletter - Halloween Edition
« Reply #87 on: December 12, 2014, 03:48:07 pm »
Do we have an ETA for the next newsletter that gets blasted to our subscribers?

Long, long before this...



Working on it now.

Do you need additional help on future issues so we're able to make it closer to a monthly release? 
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Re: October Newsletter - Halloween Edition
« Reply #88 on: December 12, 2014, 04:40:27 pm »
Do we have an ETA for the next newsletter that gets blasted to our subscribers?

Long, long before this...



Working on it now.

Do you need additional help on future issues so we're able to make it closer to a monthly release?

That would be very desirable.
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Offline hpenvy

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Re: October Newsletter - Halloween Edition
« Reply #89 on: December 13, 2014, 10:57:42 pm »
Do we have an ETA for the next newsletter that gets blasted to our subscribers?

Long, long before this...



Working on it now.

Do you need additional help on future issues so we're able to make it closer to a monthly release?

That would be very desirable.

Head on over to NullStreet, tell us specifically what you need and we'll make it happen.  We produce a weekly marketing letter already.  It might not have the same flair but it does outline all the major efforts.
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Re: October Newsletter - Halloween Edition
« Reply #90 on: December 13, 2014, 11:43:43 pm »
Well, OK.  Let's go ahead and give this a try!

Why don't you guys put together a Cass-ready summary of Everything of Earth-Shattering Significance (EESS) that has happened since the last newsletter (everything that people who aren't following the forum should know.) 

That would include an update on BTS, PLAY, PTS, SPARKLE and PEERTRACKs and any other ecosystem-wide news that's fit to print - especially what's happening on NullStreet. This goes out to more that 700 people who have signed up on the mailing list and the target audience for your section is people interested enough to sign up but who don't follow the forum closely - so any must-read forum postings should be mentioned with a link.  If anyone wants to add in a custom article or two, that's good too.

I'll leave it to your team's judgment about how to turn the Newsletter into a Weapon of Mass Distinction (WMD).

I'll still provide a Featured Article and we'll ask Cass to merge them into a Thing of Profound Beauty.

How does that sound?
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Offline hpenvy

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Re: October Newsletter - Halloween Edition
« Reply #91 on: December 13, 2014, 11:45:01 pm »
Well, OK.  Let's go ahead and give this a try!

Why don't you guys put together a Cass-ready summary of Everything of Earth-Shattering Significance (EESS) that has happened since the last newsletter (everything that people who aren't following the forum should know.) 

That would include an update on BTS, PLAY, PTS, SPARKLE and PEERTRACKs and any other ecosystem-wide news that's fit to print - especially what's happening on NullStreet. This goes out to more that 700 people who have signed up on the mailing list and the target audience for your section is people interested enough to sign up but who don't follow the forum closely - so any must-read forum postings should be mentioned with a link.  If anyone wants to add in a custom article or two, that's good too.

I'll leave it to your team's judgment about how to turn the Newsletter into a Weapon of Mass Distinction (WMD).

I'll still provide a Featured Article and we'll ask Cass to merge them into a Thing of Profound Beauty.

How does that sound?

Agreed. Posting now.
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Re: October Newsletter - Halloween Edition
« Reply #92 on: December 16, 2014, 04:48:02 pm »
The newsletter is coming together on Nullstreet. The goal is to put it in your hands Thursday night to start modifying as you see fit.
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Re: October Newsletter - Halloween Edition
« Reply #93 on: December 16, 2014, 06:34:40 pm »
The newsletter is coming together on Nullstreet. The goal is to put it in your hands Thursday night to start modifying as you see fit.

Outstanding.  I appreciate your proactive attitude!   :)
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Re: October Newsletter - Halloween Edition
« Reply #94 on: December 17, 2014, 08:34:12 pm »

It's everyone on Nullstreet, I'm just lucky enough to help pass along the message.  We're about 90% done, you can take a look at our work here:

Rough Newsletter PT 1 - Dec 18 Submit

Rough Newsletter PT 2 - Dec 18 Submit

Rough Newsletter PT 3 - Dec 18 Submit

It's hidden behind some subscription wall and apparently registering new users requires a manual step.  Can some admin approve me?
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Re: October Newsletter - Halloween Edition
« Reply #95 on: December 17, 2014, 08:47:35 pm »
Hey hpenvy can you approve me on nullstreet?

I got this message after signing up under "islandking":
Quote
Before you can start using your newly-created account, an administrator must approve your account. We'll send you an email when you've been approved!
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Re: October Newsletter - Halloween Edition
« Reply #96 on: December 17, 2014, 09:54:20 pm »
Both are approved.
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« Last Edit: December 18, 2014, 04:52:15 am by hpenvy »
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Re: October Newsletter - Halloween Edition
« Reply #98 on: December 28, 2014, 02:13:30 pm »
[Updated Cautionary Notes]

Be sure to have your PTS & DNS out of the exchanges
and back in your wallets on Nov 5th.

BTER and BTC38 will honor DNS
but will have to stay in business two years to issue them as they vest.
How about PTS deposited at exchanges?
Why ensure that exchanges honor DNS but not PTS?