Author Topic: Announcing BitShares 2.0  (Read 18824 times)

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Offline Xypher

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Re: Announcing BitShares 2.0
« Reply #60 on: June 08, 2015, 07:22:15 pm »
Our user demographic would never spend money to try a new tech :/

It is really rather simple to finance things to get the funds.    Unfortunately, without required centralized ID verification there is no way to "give" samples away to new users.

Why would a person want to undergo an ID verification to try a demo of bitshares ?
Or do you mean  the company raising funds in large sums for this purpose ?

Offline bytemaster

Re: Announcing BitShares 2.0
« Reply #61 on: June 08, 2015, 07:23:40 pm »
Our user demographic would never spend money to try a new tech :/

It is really rather simple to finance things to get the funds.    Unfortunately, without required centralized ID verification there is no way to "give" samples away to new users.

Why would a person want to undergo an ID verification to try a demo of bitshares ?
Or do you mean  the company raising funds in large sums for this purpose ?

I mean it is a technical limitation of decentralized systems that without "proof of uniqueness" or "proof of work" the "free samples" given away will be sybil attacked and fail.   Bitcoin's referral program was proof of work... but now it has been abused.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline fav

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Re: Announcing BitShares 2.0
« Reply #62 on: June 08, 2015, 07:23:42 pm »
Referrals: how does the client know who referred someone? will there be a special client download?

also,

Quote
Reward Vesting Requirements

All cashback and referral income are deposited into a special balance which must vest linearly for 1 year. This means that after 6 months you can withdraw about 50% of your cash back, but your remaining funds will take an additional year to vest. This is because the vesting process is based upon accumulating “BTS-years”, for each BTS-year accumulated you can withdraw 1 BTS. If you leave 100 BTS in the account for 1 year then you will have accumulated 100 BTS-years and can withdraw 100 BTS. On the other hand, if you withdraw 50 BTS after 6 months, then you will have consumed 50 BTS-years leaving your account with 50 BTS and 0 BTS-years. It will take a full year to accumulate another 50 BTS-years.

I don't like this at all. If you spent time bringing people to the network, you probably need some money for advertisement etc. you won't be able to reinvest this way

Sadly, vesting was required to address a potential attack vector on the referral incentives.    Also, it helps mitigate Ponzi/Pyramid/Get Rich Quick type accusations.

how do you invite people? is there a special client download page? ref links?
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Offline xeroc

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Re: Announcing BitShares 2.0
« Reply #63 on: June 08, 2015, 07:25:24 pm »
how do you invite people? is there a special client download page? ref links?
The account that pays the fee for the account registration of someone else is the referrer ..
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline fav

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Re: Announcing BitShares 2.0
« Reply #64 on: June 08, 2015, 07:26:58 pm »
how do you invite people? is there a special client download page? ref links?
The account that pays the fee for the account registration of someone else is the referrer ..

that means no traditional marketing methods would even work (like google ads)

nope, I think this referral program is a waste of time :<

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Offline Xypher

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Re: Announcing BitShares 2.0
« Reply #65 on: June 08, 2015, 07:27:35 pm »
Our user demographic would never spend money to try a new tech :/

It is really rather simple to finance things to get the funds.    Unfortunately, without required centralized ID verification there is no way to "give" samples away to new users.

Why would a person want to undergo an ID verification to try a demo of bitshares ?
Or do you mean  the company raising funds in large sums for this purpose ?

I mean it is a technical limitation of decentralized systems that without "proof of uniqueness" or "proof of work" the "free samples" given away will be sybil attacked and fail.   Bitcoin's referral program was proof of work... but now it has been abused.

Makes sense.
Thank you.

Offline bytemaster

Re: Announcing BitShares 2.0
« Reply #66 on: June 08, 2015, 07:27:49 pm »
how do you invite people? is there a special client download page? ref links?
The account that pays the fee for the account registration of someone else is the referrer ..

If you use the faucet then the account specified via ?r=  will get a 50% of the referral income.   So not everyone needs to be a faucet.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline Stan

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Re: Announcing BitShares 2.0
« Reply #67 on: June 08, 2015, 07:28:08 pm »
...and the promised 17 Lessons Learned + 2 bonus lessons...

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 bytemaster

Re: Announcing BitShares 2.0
« Reply #68 on: June 08, 2015, 07:29:57 pm »
how do you invite people? is there a special client download page? ref links?
The account that pays the fee for the account registration of someone else is the referrer ..

that means no traditional marketing methods would even work (like google ads)

nope, I think this referral program is a waste of time :<

I think you have misjudged it.   Just use google adds with bitshares.org/?r=youraccunt   and you can get 50% of the referral stream
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline infovortice2013

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Re: Announcing BitShares 2.0
« Reply #69 on: June 08, 2015, 07:30:42 pm »


thanks team you are great. need time to preccess all new features, and remake videos and tutos ect... one more time XD

but now bitshares can hug the world
« Last Edit: June 08, 2015, 07:34:29 pm by infovortice2013 »
New Keyoteeid: 5rUhuLCDWUA2FStkKVRTWYEqY1mZhwpfVdRmYEvMRFRD1bqYAL
new08/21 id 5Sjf3LMuYPSeNnjLYXmAoHj5Z6TPCmwmfXD6XwDmg27dwfQ

Offline Stan

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Re: Announcing BitShares 2.0
« Reply #70 on: June 08, 2015, 07:33:14 pm »
how do you invite people? is there a special client download page? ref links?
The account that pays the fee for the account registration of someone else is the referrer ..

that means no traditional marketing methods would even work (like google ads)

nope, I think this referral program is a waste of time :<

When bloggers and podcasters and exchanges and banks and gaming communities start signing up their existing user bases en masse, the value of a rate limit on their liquidation will become apparent. 

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 lil_jay890

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Re: Announcing BitShares 2.0
« Reply #71 on: June 08, 2015, 07:37:53 pm »
"

As soon as the software is ready, it will enter a public testing period for gathering community feedback. This testing period will last until the community is satisfied with the new system, after which an upgrade snapshot date will be announced with at least 30 days notice.

"

Is there an ETA when the software will be ready?
« Last Edit: June 08, 2015, 07:39:47 pm by lil_jay890 »

Offline Xypher

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Re: Announcing BitShares 2.0
« Reply #72 on: June 08, 2015, 07:40:45 pm »
how do you invite people? is there a special client download page? ref links?
The account that pays the fee for the account registration of someone else is the referrer ..

that means no traditional marketing methods would even work (like google ads)

nope, I think this referral program is a waste of time :<

When bloggers and podcasters and exchanges and banks and gaming communities start signing up their existing user bases en masse, the value of a rate limit on their liquidation will become apparent.

*Puts thinking cap on to figure how FS can do this*
Any inputs? :)

Offline testz

Re: Announcing BitShares 2.0
« Reply #73 on: June 08, 2015, 07:43:34 pm »
Is there an ETA when the software will be ready?

Q3 2015

Offline Krills

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Re: Announcing BitShares 2.0
« Reply #74 on: June 08, 2015, 07:47:45 pm »

Is there an ETA when the software will be ready?

Q3 2015
official answer?