Author Topic: Announcing BitShares 2.0  (Read 18867 times)

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Offline Stan

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Re: Announcing BitShares 2.0
« Reply #75 on: June 08, 2015, 07:48:58 pm »
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 dannotestein

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Re: Announcing BitShares 2.0
« Reply #76 on: June 08, 2015, 07:53:03 pm »
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Offline bytemaster

Re: Announcing BitShares 2.0
« Reply #77 on: June 08, 2015, 07:59:56 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?

This summer.
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Offline carpet ride

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Re: Announcing BitShares 2.0
« Reply #78 on: June 08, 2015, 08:00:19 pm »


Is there an ETA when the software will be ready?

Q3 2015
official answer?

"This Summer"

Best to bear in mind that "E" in ETA then...
Let's just push it to Christmas


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Offline cass

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Re: Announcing BitShares 2.0
« Reply #79 on: June 08, 2015, 08:04:52 pm »
I love that the new client will be an entirely broswer based wallet.  This will greatly reduce the barrier to entry.

At present, its very easy for me to have a bitcoin wallet at blockchain.org, or a dogecoin wallet at dogechain, or whatever.  But having a Bitshares wallet was very difficult, required me to update the client, took a long time to sync the blockchain, and hogged my computer resources when I ran it. 

This will be a MASSIVE upgrade to usability.

The new client architecture is much easier to work with as well, and having built-in websocket support makes everything so much cleaner. Instead of constantly polling for updates we can now simply subscribe to updates for an account or a market, and get instant notifications whenever something happens. It's pure gold :)

We've also switched to using React instead of Angular so the new wallet will be much much faster.

SVK has made a HUGE contribution to the GUI that is as big as any other core developer.   Thank you SVK for joining the team and helping make the new UI better than ever!

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Offline theoretical

Re: Announcing BitShares 2.0
« Reply #80 on: June 08, 2015, 08:05:31 pm »
that means no traditional marketing methods would even work (like google ads)

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

You're worried that a referrer will have to run a full node, create a transaction on the user's behalf, get the user to sign it and return the signed tx, then broadcast the tx.

We realized this would be a problem soon after the initial design of the referral system, and we have a solution.  That's what the registrar is for.  Essentially we split the referral role into two parts:  the referrer can be a traditional internet marketer, all they have to do is get the user to click a link to some hosted wallet with ?r=youraccount.  The operator of the hosted wallet is a registrar who takes care of all the hard blockchain stuff.  The referrer and registrar split the commission (and the split doesn't have to be 50-50, any percentage is possible at the blockchain level.)

Any good marketer who can collect users can be their own registrar and get 100% of the commission, but marketers may not want to deal with the technology headaches of being a registrar.

By making it easy for them to split their commissions, any marketer (referrer) can partner with any technologist (registrar) and maximize their value because both are focused on their specialty instead of trying to simultaneously master both marketing and technology.

The official hosted wallet website will function as a registrar based on ?r= parameter on incoming links, but competing registrars will almost certainly spring up.  The free market should allow opportunity for a variety of cooperative and competitive relationships to form.

I should also note that payouts are based on income and vest for some time, which greatly mitigates a variety of potential referral abuses.
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Offline fav

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Re: Announcing BitShares 2.0
« Reply #81 on: June 08, 2015, 08:10:03 pm »
that means no traditional marketing methods would even work (like google ads)

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

You're worried that a referrer will have to run a full node, create a transaction on the user's behalf, get the user to sign it and return the signed tx, then broadcast the tx.

We realized this would be a problem soon after the initial design of the referral system, and we have a solution.  That's what the registrar is for.  Essentially we split the referral role into two parts:  the referrer can be a traditional internet marketer, all they have to do is get the user to click a link to some hosted wallet with ?r=youraccount.  The operator of the hosted wallet is a registrar who takes care of all the hard blockchain stuff.  The referrer and registrar split the commission (and the split doesn't have to be 50-50, any percentage is possible at the blockchain level.)

Any good marketer who can collect users can be their own registrar and get 100% of the commission, but marketers may not want to deal with the technology headaches of being a registrar.

By making it easy for them to split their commissions, any marketer (referrer) can partner with any technologist (registrar) and maximize their value because both are focused on their specialty instead of trying to simultaneously master both marketing and technology.

The official hosted wallet website will function as a registrar based on ?r= parameter on incoming links, but competing registrars will almost certainly spring up.  The free market should allow opportunity for a variety of cooperative and competitive relationships to form.

I should also note that payouts are based on income and vest for some time, which greatly mitigates a variety of potential referral abuses.

thank you! that's much better than my initial thoughts on it.

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Offline infovortice2013

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Re: Announcing BitShares 2.0
« Reply #82 on: June 08, 2015, 08:12:01 pm »
and whats up with sparkles is waiting 1.0  :o
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Offline cass

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Re: Announcing BitShares 2.0
« Reply #83 on: June 08, 2015, 08:14:39 pm »
and whats up with sparkles is waiting 1.0  :o

guess they will miss the train  ;D
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Offline mint chocolate chip

Re: Announcing BitShares 2.0
« Reply #84 on: June 08, 2015, 08:18:33 pm »
and whats up with sparkles is waiting 1.0  :o

guess they will miss the train  ;D

Sparkle was originally intended to be PoW, not DPOS. That was the whole point: bitshares functionality on a PoW chain.

Something tells me Sparkle is DOA.

Offline Ander

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Re: Announcing BitShares 2.0
« Reply #85 on: June 08, 2015, 08:22:41 pm »
and whats up with sparkles is waiting 1.0  :o

I wanted my sparkles. :(
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Offline infovortice2013

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Re: Announcing BitShares 2.0
« Reply #86 on: June 08, 2015, 08:23:18 pm »
whats DOA means?

i buy a quad processor for dig sparkles
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Offline onceuponatime

Re: Announcing BitShares 2.0
« Reply #87 on: June 08, 2015, 08:24:57 pm »
whats DOA means?

i buy a quad processor for dig sparkles

DOA:  dead on arrival

Offline Akado

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Re: Announcing BitShares 2.0
« Reply #88 on: June 08, 2015, 08:30:08 pm »
reddit post seems it was removed. even if it was by the owner, major fuck up if you ask me. Why do you insist on post stuff on bitcoin sub reddit, post on other decentralized and crypto related subs. not there...

congrats
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Offline merivercap

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Re: Announcing BitShares 2.0
« Reply #89 on: June 08, 2015, 08:36:00 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.

What kind of ID verification is required? 
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