Author Topic: October Newsletter - Halloween Edition  (Read 18693 times)

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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.

Offline xeroc

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Re: *Draft* October Newsletter - Halloween Edition
« Reply #39 on: November 02, 2014, 01:28:17 pm »
can confirm @Graffenwalder
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

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

Offline xeroc

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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.
https://www.cryptohun.ch/ -> Tradable Blockchain Asset PvP Card Game

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% .