Author Topic: Deloitte trialing Blockchain for clients... Everyone mentioned except  (Read 1856 times)

0 Members and 1 Guest are viewing this topic.

Offline Riverhead

Re: Deloitte trialing Blockchain for clients... Everyone mentioned except
« Reply #15 on: July 15, 2015, 02:04:29 pm »

It is frustrating when Bitshares seems to be the redheaded step child of the crypto world (apologies to any redheaded step children out there). As near as I can tell Etherium has a great image, a great scope, but suffers from the same problem every large project does: It is worked on by humans. Where there are humans there is politics and conflict. They present a good external image but Vitalik's recent lashings out at Dan speak to an environment more akin to a traditional project than the dream team/project they show the media.

To beat some dead horses: Apple was late to the MP3 game with the iPod. Apple was late to the cell phone game with the iPhone. Tesla was late to the electric car game with their roadster.

Point being that the darling of the media's eye can quickly shift when better products emerge. Bitshares and Etherium can have great success without it needing to be at the expense of the other. Two approaches to similar problems opening up onto a massive market place.

Our time will come. In hodling I trust.

Offline cylonmaker2053

  • Hero Member
  • *****
  • Posts: 1004
  • Saving the world one block at a time
    • View Profile
  • BitShares: cylonmaker2053
Re: Deloitte trialing Blockchain for clients... Everyone mentioned except
« Reply #16 on: July 15, 2015, 02:09:18 pm »

It is frustrating when Bitshares seems to be the redheaded step child of the crypto world (apologies to any redheaded step children out there). As near as I can tell Etherium has a great image, a great scope, but suffers from the same problem every large project does: It is worked on by humans. Where there are humans there is politics and conflict. They present a good external image but Vitalik's recent lashings out at Dan speak to an environment more akin to a traditional project than the dream team/project they show the media.

To beat some dead horses: Apple was late to the MP3 game with the iPod. Apple was late to the cell phone game with the iPhone. Tesla was late to the electric car game with their roadster.

Point being that the darling of the media's eye can quickly shift when better products emerge. Bitshares and Etherium can have great success without it needing to be at the expense of the other. Two approaches to similar problems opening up onto a massive market place.

Our time will come. In hodling I trust.

i agree completely. in fact, i consider myself lucky to be able to continue loading up on BTS at these suppressed prices. BTS being successful is anything but certain, so we def need to keep building the core products, marketing the hell out of them, and looking to bring on more application devs to plug us into other parts of the economy.

Offline BunkerChainLabs-DataSecurityNode

Re: Deloitte trialing Blockchain for clients... Everyone mentioned except
« Reply #17 on: July 15, 2015, 02:57:12 pm »

It is frustrating when Bitshares seems to be the redheaded step child of the crypto world (apologies to any redheaded step children out there). As near as I can tell Etherium has a great image, a great scope, but suffers from the same problem every large project does: It is worked on by humans. Where there are humans there is politics and conflict. They present a good external image but Vitalik's recent lashings out at Dan speak to an environment more akin to a traditional project than the dream team/project they show the media.

To beat some dead horses: Apple was late to the MP3 game with the iPod. Apple was late to the cell phone game with the iPhone. Tesla was late to the electric car game with their roadster.

Point being that the darling of the media's eye can quickly shift when better products emerge. Bitshares and Etherium can have great success without it needing to be at the expense of the other. Two approaches to similar problems opening up onto a massive market place.

Our time will come. In hodling I trust.

Good insights.  +5%
+-+-+-+-+-+-+-+-+-+-+
www.Peerplays.com | Decentralized Gaming Built with Graphene - Now with BookiePro and Sweeps!
+-+-+-+-+-+-+-+-+-+-+

Offline Empirical1.2

  • Hero Member
  • *****
  • Posts: 1366
    • View Profile
Re: Deloitte trialing Blockchain for clients... Everyone mentioned except
« Reply #18 on: July 15, 2015, 03:37:16 pm »
Quote
As a first approximation, the failure rate of Bitcoin exchanges is 45%. The median lifetime of exchanges is 381 days.

http://www.coindesk.com/45-percent-of-bitcoin-exchanges-fail-study-finds/


If you translate the risk of holding a fiat iou on a centralised exchange into an annualised cost, it is an extremely risky proposition.
However someone like me who is doing a lot of trading lately with a portion of my portfolio, it is my only option (BitAssets 1.0 are not liquid enough) and I am in fiat IOU's up to 50% of the time.

I'm not sure about the very short term prospects for BTS price but there is definitely a market for a simple, robust, decentralised blockchain with liquid BitAssets & performance (BTS 2.0) that competes with a centralised exchange. + BitAssets have already been in existence for nearly a year.

Coinbase for example has already received >$75 million in investment and is only currently 7th in daily volume on CMC. 

BTS has many areas of opportunity but just becoming a top 10 exchange (With BitUSD being far less riskier than centralised options) would still make it very successful regardless of what happens with Ethereum.
« Last Edit: July 15, 2015, 03:42:10 pm by Empirical1.2 »
If you want to take the island burn the boats

Offline cylonmaker2053

  • Hero Member
  • *****
  • Posts: 1004
  • Saving the world one block at a time
    • View Profile
  • BitShares: cylonmaker2053
Re: Deloitte trialing Blockchain for clients... Everyone mentioned except
« Reply #19 on: July 15, 2015, 03:42:07 pm »
Quote
As a first approximation, the failure rate of Bitcoin exchanges is 45%. The median lifetime of exchanges is 381 days.

http://www.coindesk.com/45-percent-of-bitcoin-exchanges-fail-study-finds/


If you translate the risk of holding a fiat iou on a centralised exchange into an annualised cost, it is an extremely risky proposition.
However someone like me who is doing a lot of trading lately with a portion of my portfolio, it is my only option (BitAssets 1.0 are not liquid enough) and I am in fiat IOU's up to 50% of the time.

I'm not sure about the very short term prospects for BTS price but there is definitely a market for a simple, robust, decentralised blockchain with liquid BitAssets & performance (BTS 2.0) that competes with a centralised exchange. + BitAssets have already been in existence for nearly a year.

Coinbase for example has already received >$75 million in investment and is only currently 7th in daily volume on CMC. 

BTS has many areas of opportunity but just becoming a top 10 exchange would still make it very successful regardless of what happens with Ethereum.

yeah except that i'm worried the incentive to buy bitassets, esp bitUSD, is being killed with 2.0:

https://bitsharestalk.org/index.php/topic,17576.msg223724.html#msg223724

i completely agree that the financial world needs a blockchain-based p2p asset exchange and i loved the idea of the pegged assets that offered yield to buyers as an incentive to park capital. doing away with that yield and instead charging a premium to buy bitassets will erase a lot of the potential demand.

i hope i'm grossly misunderstanding this change, so i look forward to comments from others in community.

Offline Empirical1.2

  • Hero Member
  • *****
  • Posts: 1366
    • View Profile
Re: Deloitte trialing Blockchain for clients... Everyone mentioned except
« Reply #20 on: July 15, 2015, 03:51:21 pm »
Quote
As a first approximation, the failure rate of Bitcoin exchanges is 45%. The median lifetime of exchanges is 381 days.

http://www.coindesk.com/45-percent-of-bitcoin-exchanges-fail-study-finds/


If you translate the risk of holding a fiat iou on a centralised exchange into an annualised cost, it is an extremely risky proposition.
However someone like me who is doing a lot of trading lately with a portion of my portfolio, it is my only option (BitAssets 1.0 are not liquid enough) and I am in fiat IOU's up to 50% of the time.

I'm not sure about the very short term prospects for BTS price but there is definitely a market for a simple, robust, decentralised blockchain with liquid BitAssets & performance (BTS 2.0) that competes with a centralised exchange. + BitAssets have already been in existence for nearly a year.

Coinbase for example has already received >$75 million in investment and is only currently 7th in daily volume on CMC. 

BTS has many areas of opportunity but just becoming a top 10 exchange would still make it very successful regardless of what happens with Ethereum.

yeah except that i'm worried the incentive to buy bitassets, esp bitUSD, is being killed with 2.0:

https://bitsharestalk.org/index.php/topic,17576.msg223724.html#msg223724

i completely agree that the financial world needs a blockchain-based p2p asset exchange and i loved the idea of the pegged assets that offered yield to buyers as an incentive to park capital. doing away with that yield and instead charging a premium to buy bitassets will erase a lot of the potential demand.

i hope i'm grossly misunderstanding this change, so i look forward to comments from others in community.

I personally don't mind losing the yield, I think that can be achieved in the bond market.

For me the question is whether the market will find BTS sufficiently decentralised, robust and simple and will the premium associated with making BitAssets more liquid make them attractive by comparison to using a centralised exchange. If so, you can compete with centralised exchanges or in partnership with them (in the case of CCEDK) & in that alone there is a reasonably lucrative future/base.
If you want to take the island burn the boats

Offline cylonmaker2053

  • Hero Member
  • *****
  • Posts: 1004
  • Saving the world one block at a time
    • View Profile
  • BitShares: cylonmaker2053
Re: Deloitte trialing Blockchain for clients... Everyone mentioned except
« Reply #21 on: July 15, 2015, 05:30:02 pm »
I personally don't mind losing the yield, I think that can be achieved in the bond market.

For me the question is whether the market will find BTS sufficiently decentralised, robust and simple and will the premium associated with making BitAssets more liquid make them attractive by comparison to using a centralised exchange. If so, you can compete with centralised exchanges or in partnership with them (in the case of CCEDK) & in that alone there is a reasonably lucrative future/base.

OK so if the bond market functions well enough to replace the current yield on bitUSD, then i agree...not a bad idea to segment the currency from the interest-bearing asset. the bond market may need to mature before there'll be much demand for bitUSD, though. we'll see, i suppose...

Offline MrJeans

  • Hero Member
  • *****
  • Posts: 599
    • View Profile
  • BitShares: mrjeans
Re: Deloitte trialing Blockchain for clients... Everyone mentioned except
« Reply #22 on: July 15, 2015, 08:02:28 pm »
Why is it always Ethereum and never Bitshares.
People know what it is, because it never changes.
Sounds like a group that knows how to iterate and pivot, great stuff for innovation.
Read 'the lean startup'. I think you will enjoy it