[ANN - AMA] bitCash - Digital Money of the Future!

[konelectric]

I already have 2 dead bitshares wallets app on my Iphone. Are you a competitor with @kenCode APP, or are you working together?

[xeroc]

@xeroc would you suggest just having a git fork that includes the changes to the wallet files?  Is there a way to have a cryptographic signature that could be checked by the end user?

@xeroc  @puppies  I gave it a try and committed the UI changes here: https://github.com/merivercap/bitshares-2-ui
Thanks!

I think blockchain.info has a technique to at least verify that the deliverd js files match a checksum/hash

[oakmaster]

Hey all.

Hope all is well.  Sorry for the lack of updates.  We have been a bit delayed with finishing the initial version of the simple mobile app, but we are making progress so we'll let you all know when we get a better estimate of when we will have it out for testing.

Anyways I wanted to get a BitCash Founder's Club vote on our faucet allocation.  We have a faucet set up at: https://bts.bitcash.org
Thanks  so much @puppies for helping make this happen!

Note: We don't plan to open the faucet up for new accounts yet, but feel free to import keys if you want to use the wallet.  It's the same as OL just with different colors.

It would be great to have a generous allocation for the referral program and wanted your vote and feedback.  The referral program currently gives 20% to the network and 30% to lifetime members.   We get to decide the remaining 50% between referrers (annual/lifetime members) and our faucet/registrar.   For example we can have 10% of referral revenue go to the faucet, then 40% will go to annual/lifetime members, an additional 30% would go to the lifetime member, and 20% would go to the network.   

It would be great to have everyone one of us and our supporters well-rewarded for spreading the word!  Here are the allocation options to vote on:

A) 20% faucet / 30% annual/lifetime member / 30% lifetime / 20% network
B) 10% faucet / 40% annual/lifetime member / 30% lifetime / 20% network
C) 5% faucet / 45% annual/lifetime member / 30% lifetime / 20% network
D) 0% faucet / 50% annual/lifetime member / 30% lifetime / 20% network
E) Other, please explain

I don't mind having 0% for the faucet, but in general our faucet has to manage spam and there is a possibility that people might create lifetime member farms that create many membership accounts so it may be safer to allocate some referral revenue to the faucet to prevent abuse.  Right now it takes about 95 BTS to open new accounts, 4,000 BTS for an annual membership, 20,000 BTS for a lifetime membership. Allocating 5% for the faucet will give it 200 BTS if a referral upgrades to an annual membership, enough to cover two account creations.

We'll keep the vote open for two weeks? 
Please vote and let me know what you guys think.... thanks!

I vote for B should we import our bitshares2.0 wallet just wondering

[puppies]

I think option b would probably be best.

[merivercap]

It would be great to have a generous allocation for the referral program and wanted your vote and feedback.  The referral program currently gives 20% to the network and 30% to lifetime members.   We get to decide the remaining 50% between referrers (annual/lifetime members) and our faucet/registrar.   For example we can have 10% of referral revenue go to the faucet, then 40% will go to annual/lifetime members, an additional 30% would go to the lifetime member, and 20% would go to the network.   

It would be great to have everyone one of us and our supporters well-rewarded for spreading the word!  Here are the allocation options to vote on:

A) 20% faucet / 30% annual/lifetime member / 30% lifetime / 20% network
B) 10% faucet / 40% annual/lifetime member / 30% lifetime / 20% network
C) 5% faucet / 45% annual/lifetime member / 30% lifetime / 20% network
D) 0% faucet / 50% annual/lifetime member / 30% lifetime / 20% network
E) Other, please explain

Not sure if I understand correctly the difference between
"faucet", "annual/lifetime member" and "lifetime". The faucet is usually
called "registrar" because it pays the registration fee. One of the
other both is usually called "Lifetime Referrer" and the other is called
Affiliate Referrer.

If
 - "annual/lifetime member" = affiliate referrer"
 - "lifetime" = Lifetime referer
then I vote for option "B".

So I guess you really know what is "Lifetime referrer"? 
It's very confusable imo.
Basically,
* if you're a lifetime member and you referred a new user, you're the lifetime referrer of the new user;
* if you're a annual subscriber and you referred a new user, your lifetime referrer will be the lifetime referrer of the new user.

Yes I was confused before.  Yes what you describe is my current understanding.
Please feel free to vote for an allocation.  Thanks! 

[merivercap]

@xeroc would you suggest just having a git fork that includes the changes to the wallet files?  Is there a way to have a cryptographic signature that could be checked by the end user?

@xeroc  @puppies  I gave it a try and committed the UI changes here: https://github.com/merivercap/bitshares-2-ui
Thanks!

[abit]

It would be great to have a generous allocation for the referral program and wanted your vote and feedback.  The referral program currently gives 20% to the network and 30% to lifetime members.   We get to decide the remaining 50% between referrers (annual/lifetime members) and our faucet/registrar.   For example we can have 10% of referral revenue go to the faucet, then 40% will go to annual/lifetime members, an additional 30% would go to the lifetime member, and 20% would go to the network.   

It would be great to have everyone one of us and our supporters well-rewarded for spreading the word!  Here are the allocation options to vote on:

A) 20% faucet / 30% annual/lifetime member / 30% lifetime / 20% network
B) 10% faucet / 40% annual/lifetime member / 30% lifetime / 20% network
C) 5% faucet / 45% annual/lifetime member / 30% lifetime / 20% network
D) 0% faucet / 50% annual/lifetime member / 30% lifetime / 20% network
E) Other, please explain

Not sure if I understand correctly the difference between
"faucet", "annual/lifetime member" and "lifetime". The faucet is usually
called "registrar" because it pays the registration fee. One of the
other both is usually called "Lifetime Referrer" and the other is called
Affiliate Referrer.

If
 - "annual/lifetime member" = affiliate referrer"
 - "lifetime" = Lifetime referer
then I vote for option "B".

So I guess you really know what is "Lifetime referrer"? 
It's very confusable imo.
Basically,
* if you're a lifetime member and you referred a new user, you're the lifetime referrer of the new user;
* if you're a annual subscriber and you referred a new user, your lifetime referrer will be the lifetime referrer of the new user.

[puppies]

@xeroc would you suggest just having a git fork that includes the changes to the wallet files?  Is there a way to have a cryptographic signature that could be checked by the end user?

[merivercap]

Note: We don't plan to open the faucet up for new accounts yet, but feel free to import keys if you want to use the wallet.  It's the same as OL just with different colors.

Don't get me wrong, but I would recommend to not simply import your
private keys here unless you publish the sources as well as the
deployed code. Then people can compare with the original code and see
you didn't tamper with it. I am sure you understand that!

This is not an issue particular to bitcash, but we might need to find a
way to show to users that their keys do not leave their browsers. Not
sure how to do that though (@jcalfee1, @svk ??)

Sure anything to help any concerns would be good to have.  Thanks!

It would be great to have a generous allocation for the referral program and wanted your vote and feedback.  The referral program currently gives 20% to the network and 30% to lifetime members.   We get to decide the remaining 50% between referrers (annual/lifetime members) and our faucet/registrar.   For example we can have 10% of referral revenue go to the faucet, then 40% will go to annual/lifetime members, an additional 30% would go to the lifetime member, and 20% would go to the network.   

It would be great to have everyone one of us and our supporters well-rewarded for spreading the word!  Here are the allocation options to vote on:

A) 20% faucet / 30% annual/lifetime member / 30% lifetime / 20% network
B) 10% faucet / 40% annual/lifetime member / 30% lifetime / 20% network
C) 5% faucet / 45% annual/lifetime member / 30% lifetime / 20% network
D) 0% faucet / 50% annual/lifetime member / 30% lifetime / 20% network
E) Other, please explain

Not sure if I understand correctly the difference between
"faucet", "annual/lifetime member" and "lifetime". The faucet is usually
called "registrar" because it pays the registration fee. One of the
other both is usually called "Lifetime Referrer" and the other is called
Affiliate Referrer.

If
 - "annual/lifetime member" = affiliate referrer"
 - "lifetime" = Lifetime referer
then I vote for option "B".

That's correct.  Thanks for the vote! 

I don't mind having 0% for the faucet, but in general our faucet has to manage spam and there is a possibility that people might create lifetime member farms that create many membership accounts so it may be safer to allocate some referral revenue to the faucet to prevent abuse.  Right now it takes about 95 BTS to open new accounts, 4,000 BTS for an annual membership, 20,000 BTS for a lifetime membership. Allocating 5% for the faucet will give it 200 BTS if a referral upgrades to an annual membership, enough to cover two account creations.

Would you faucet allow registration of premium names? Why would the
faucet care about annual or lifetime fees? Would YOU pay for those
upgrades?

It should work like OpenLedger.  I don't think faucets typically allow registration of premium names correct?  I just thought if the faucet makes 0%, a lifetime member would just create many lifetime member accounts to sell/giveaway/spam using the faucet.  Lifetime members could automatically upgrade the new accounts and know they would get everything back.  The faucet may need to generate just a bit of revenue from annual/lifetime fees for referred accounts to prevent lifetime members from taking advantage of the system? 

[xeroc]

Hey all.

Hope all is well.  Sorry for the lack of updates.  We have been a bit delayed with finishing the initial version of the simple mobile app, but we are making progress so we'll let you all know when we get a better estimate of when we will have it out for testing.

Anyways I wanted to get a BitCash Founder's Club vote on our faucet allocation.  We have a faucet set up at: https://bts.bitcash.org
Thanks  so much @puppies for helping make this happen!

Great!!

Note: We don't plan to open the faucet up for new accounts yet, but feel free to import keys if you want to use the wallet.  It's the same as OL just with different colors.

Don't get me wrong, but I would recommend to not simply import your
private keys here unless you publish the sources as well as the
deployed code. Then people can compare with the original code and see
you didn't tamper with it. I am sure you understand that!

This is not an issue particular to bitcash, but we might need to find a
way to show to users that their keys do not leave their browsers. Not
sure how to do that though (@jcalfee1, @svk ??)

It would be great to have a generous allocation for the referral program and wanted your vote and feedback.  The referral program currently gives 20% to the network and 30% to lifetime members.   We get to decide the remaining 50% between referrers (annual/lifetime members) and our faucet/registrar.   For example we can have 10% of referral revenue go to the faucet, then 40% will go to annual/lifetime members, an additional 30% would go to the lifetime member, and 20% would go to the network.   

It would be great to have everyone one of us and our supporters well-rewarded for spreading the word!  Here are the allocation options to vote on:

A) 20% faucet / 30% annual/lifetime member / 30% lifetime / 20% network
B) 10% faucet / 40% annual/lifetime member / 30% lifetime / 20% network
C) 5% faucet / 45% annual/lifetime member / 30% lifetime / 20% network
D) 0% faucet / 50% annual/lifetime member / 30% lifetime / 20% network
E) Other, please explain

Not sure if I understand correctly the difference between
"faucet", "annual/lifetime member" and "lifetime". The faucet is usually
called "registrar" because it pays the registration fee. One of the
other both is usually called "Lifetime Referrer" and the other is called
Affiliate Referrer.

If
 - "annual/lifetime member" = affiliate referrer"
 - "lifetime" = Lifetime referer
then I vote for option "B".

I don't mind having 0% for the faucet, but in general our faucet has to manage spam and there is a possibility that people might create lifetime member farms that create many membership accounts so it may be safer to allocate some referral revenue to the faucet to prevent abuse.  Right now it takes about 95 BTS to open new accounts, 4,000 BTS for an annual membership, 20,000 BTS for a lifetime membership. Allocating 5% for the faucet will give it 200 BTS if a referral upgrades to an annual membership, enough to cover two account creations.

Would you faucet allow registration of premium names? Why would the
faucet care about annual or lifetime fees? Would YOU pay for those
upgrades?

[merivercap]

Hey all.

Hope all is well.  Sorry for the lack of updates.  We have been a bit delayed with finishing the initial version of the simple mobile app, but we are making progress so we'll let you all know when we get a better estimate of when we will have it out for testing.

Anyways I wanted to get a BitCash Founder's Club vote on our faucet allocation.  We have a faucet set up at: https://bts.bitcash.org
Thanks  so much @puppies for helping make this happen!

Note: We don't plan to open the faucet up for new accounts yet, but feel free to import keys if you want to use the wallet.  It's the same as OL just with different colors.

It would be great to have a generous allocation for the referral program and wanted your vote and feedback.  The referral program currently gives 20% to the network and 30% to lifetime members.   We get to decide the remaining 50% between referrers (annual/lifetime members) and our faucet/registrar.   For example we can have 10% of referral revenue go to the faucet, then 40% will go to annual/lifetime members, an additional 30% would go to the lifetime member, and 20% would go to the network.   

It would be great to have everyone one of us and our supporters well-rewarded for spreading the word!  Here are the allocation options to vote on:

A) 20% faucet / 30% annual/lifetime member / 30% lifetime / 20% network
B) 10% faucet / 40% annual/lifetime member / 30% lifetime / 20% network
C) 5% faucet / 45% annual/lifetime member / 30% lifetime / 20% network
D) 0% faucet / 50% annual/lifetime member / 30% lifetime / 20% network
E) Other, please explain

I don't mind having 0% for the faucet, but in general our faucet has to manage spam and there is a possibility that people might create lifetime member farms that create many membership accounts so it may be safer to allocate some referral revenue to the faucet to prevent abuse.  Right now it takes about 95 BTS to open new accounts, 4,000 BTS for an annual membership, 20,000 BTS for a lifetime membership. Allocating 5% for the faucet will give it 200 BTS if a referral upgrades to an annual membership, enough to cover two account creations.

We'll keep the vote open for two weeks? 
Please vote and let me know what you guys think.... thanks! 

[merivercap]

Forgot the mentions: @Tuck Fheman @jakub @oakmaster @mint chocolate chip @iHashFury @rafter @complexring @cryptoassets

[merivercap]

Ok I was going to wait until we got to 60 to make a distribution but might as well go ahead and do it.

51. #sharebits Tuck Fheman 20 GIFTS.BCSHAREPTS
52. #sharebits jakub 20 GIFTS.BCSHAREPTS
53. #sharebits oakmaster 20 GIFTS.BCSHAREPTS
54. #sharebits "mint chocolate chip" 20 GIFTS.BCSHAREPTS
55. #sharebits iHashFury 20 GIFTS.BCSHAREPTS
56. #sharebits rafter 20 GIFTS.BCSHAREPTS
57. #sharebits complexring 20 GIFTS.BCSHAREPTS
58. #sharebits cryptoassets 20 GIFTS.BCSHAREPTS

Welcome to the BitCash Founder's Club everyone!

[btstip]

Hey merivercap, here are the results of your tips...

• lovejoy: has been credited 10 GIFTS.BCSHAREPTS
• konelectric: has been credited 1 GIFTS.BCSHAREPTS

Curious about ShareBits? Visit us at http://sharebits.io and start tipping BTS on https://bitsharestalk.org/ today!

Source: https://bitsharestalk.org/index.php/topic,20125.msg279662/topicseen.html#msg279662

Created by hybridd

[merivercap]

Thanks @lovejoy for your feedback!  Edited the whitepaper with your recommendations.  I put a link the whitepaper at: bitcash.org
#sharebits lovejoy 10 GIFTS.BCSHAREPTS

Thanks for your support @konelectric !
#sharebits konelectric 1 GIFTS.BCSHAREPTS