Author Topic: Worker Proposal Review  (Read 21019 times)

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Offline bytemaster

Worker Proposal Review
« on: November 10, 2015, 02:56:46 pm »
BitShares Development Proposal
by BunkerChain Labs and Cryptonomex, Inc

The purpose of this proposal is to define a statement of work for taking BitShares to the next step.  Our goal is to make the user experience of BitShares equal to or better than existing exchanges, and enhance the current referral program to become more profitable.
This proposal is divided into several independent features that will be paid for upon completion.

Cryptonomex has identified the following mini-projects with fixed pricing.  BunkerChain Labs will be overseeing the project and acting as an intermediary between Cryptonomex and BitShares.

https://docs.google.com/document/d/12hWyasMJ5mL1fboAt9ZK8FEf0c7o_q-1bwm5ItsLNGo/edit#

We would like some community feedback on the proposal before we actually create the workers and open it up for voting.
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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.

jaran

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Re: Worker Proposal Review
« Reply #1 on: November 10, 2015, 03:13:02 pm »
Quote
If all 5 workers are funded to completion, then Cryptonomex will also allow the Graphene-UI code used under the same BSD-style license as the core C++ code. Anyone would be able to build better hosted (multi-user) wallet solutions for BitShares without having to license it from Cryptonomex.

 +5%

A open source multi-user license for the ui is badly needed for the growth of the ecosystem imo

Offline GaltReport

Re: Worker Proposal Review
« Reply #2 on: November 10, 2015, 03:22:28 pm »
This all sounds good.  I like the KYC integration.  What is the timeframe for this?

Offline Ben Mason

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Re: Worker Proposal Review
« Reply #3 on: November 10, 2015, 03:26:21 pm »
This all sounds good.  I like the KYC integration.  What is the timeframe for this?

The doc says 2 months.  This is superb.....very thorough and I like the arrangement with Bunker. 

Offline mint chocolate chip

Re: Worker Proposal Review
« Reply #4 on: November 10, 2015, 03:33:39 pm »
Quote
The tasks above will be structured as 5 independent worker proposals for total of 3.5M BTS each for a combined total of 21M BTS.

Get out that calculator. The one worker proposal is nearly doubly expensive, so maybe it is supposed to be 4 at 3.5 million plus one at 7 million.

Offline mindphlux

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Re: Worker Proposal Review
« Reply #5 on: November 10, 2015, 03:35:35 pm »
Please specifiy if I'm correct understanding this:

The document states:

Quote
Specifically, some businesses building on top of BitShares as a payment network (rather than exchange) depend upon transfer fees to generate their revenue.   Because this is a matter of appearance, transfer fees will be adjusted to be paid by the receiver of the funds, rather than the sender.  This means merchants will see the fees (which will be much less than credit cards) but users will not.

This is a very important aspect. Does this mean that the users have free transactions now, and the registrar and referrer must essentially enroll merchants to get a decent profit, instead of just using users. The profit a wallet provider/referral makes is directly proportional to the amount of merchants enrolled.

Did I understand this correctly?
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Offline BunkerChainLabs-DataSecurityNode

Re: Worker Proposal Review
« Reply #6 on: November 10, 2015, 03:36:05 pm »
This all sounds good.  I like the KYC integration.  What is the timeframe for this?

The doc says 2 months.  This is superb.....very thorough and I like the arrangement with Bunker.

The doc says the pay will come from the network over 2 months. However, they may not be able to deliver within that time frame. Take into account Christmas season coming up etc. However, we are not going to pay them on anything until QC and delivery is done in full on each worker. So they are motivated to turn it out as quick as they can.
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Offline fav

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Re: Worker Proposal Review
« Reply #7 on: November 10, 2015, 03:39:10 pm »
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ecause this is a matter of appearance, transfer fees will be adjusted to be paid by the receiver of the funds, rather than the sender.

so someone can flood some 0.1 BTS txs and I have to pay whatever fee is currently setup? how can I refuse transactions as a receiver?

Offline Ben Mason

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Re: Worker Proposal Review
« Reply #8 on: November 10, 2015, 03:39:23 pm »
This all sounds good.  I like the KYC integration.  What is the timeframe for this?

The doc says 2 months.  This is superb.....very thorough and I like the arrangement with Bunker.

The doc says the pay will come from the network over 2 months. However, they may not be able to deliver within that time frame. Take into account Christmas season coming up etc. However, we are not going to pay them on anything until QC and delivery is done in full on each worker. So they are motivated to turn it out as quick as they can.
Ahh ok, sorry for the misunderstanding, you are quite right.  Besides, i'm all for increased time if it means increased quality.

Offline fav

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Re: Worker Proposal Review
« Reply #9 on: November 10, 2015, 03:42:32 pm »
and what is the incentive for a regular user to go lifetime?

Offline mindphlux

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Re: Worker Proposal Review
« Reply #10 on: November 10, 2015, 03:44:24 pm »
and what is the incentive for a regular user to go lifetime?

Receive a discount on receiving transactions and receive a discount for trading.
There's no incentive for the normal user to go lifetime, but there is a HUGE incentive for the merchant to go lifetime, I would guess that more than 50% of all merchants would appreciate a 2-3 cent fee instead of 10+ cents for a $80 one-time fee. Huge opportunity IMHO.
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Offline Akado

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Re: Worker Proposal Review
« Reply #11 on: November 10, 2015, 03:46:06 pm »
That number 4  :P
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Offline GaltReport

Re: Worker Proposal Review
« Reply #12 on: November 10, 2015, 03:47:32 pm »
and what is the incentive for a regular user to go lifetime?

Receive a discount on receiving transactions and receive a discount for trading.
There's no incentive for the normal user to go lifetime, but there is a HUGE incentive for the merchant to go lifetime, I would guess that more than 50% of all merchants would appreciate a 2-3 cent fee instead of 10+ cents for a $80 one-time fee. Huge opportunity IMHO.

What is the discount for trading for a lifetime member?

Offline mindphlux

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Re: Worker Proposal Review
« Reply #13 on: November 10, 2015, 03:49:17 pm »
What is the discount for trading for a lifetime member?

80% discount on all trading fees and 80% discount on receiving transactions.
Please consider voting for my witness mindphlux.witness and my committee user mindphlux. I will not vote for changes that affect witness pay.

Offline kuro112

Re: Worker Proposal Review
« Reply #14 on: November 10, 2015, 03:54:44 pm »
Am I the only one here who actually read the costs?

can some one explain to me how its going to cost 16 thousand dollars to adjust pre existing code?

seriously id like a breakdown of why it will take 8000$ in man hours to adjust the fee code, no ones writing a large amount of new code, its an adjustment to a pre-existing system...

the same goes for market fees ?


16 thousand to plug in kyc and deposit / withdrawal ? seriously?

is anyone buying these numbers?

not trying to be a naysayer, i think all this work needs to be done, but for 3x what it actually costs in man hours and expertise? nah bro.


please provide us a breakdown of how the hours will be allocated and why they will add up to 32 thousand dollars for the features i think will take a fraction of the time and work...?

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