Author Topic: DEX Proposal  (Read 5485 times)

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Offline bytemaster

DEX Proposal
« on: December 31, 2015, 01:41:27 am »
A lot of people have expressed interest in having me/CNX focus on the DEX. 

If that is the case, I can create a worker proposal that will fund almost full time DEX development.  It will require about $30K per month to have Val, Ben, James, and I working on the DEX 75% of the time. 

Otherwise we will have to find other ways to make money.

What are your thoughts on such a proposal?  We would focus on API + Bond + Maker.   
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Offline Akado

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Re: DEX Proposal
« Reply #1 on: December 31, 2015, 01:44:24 am »
30k per month for how long? 3-4 months? 6 months? 10 months?

I think most people ask for DEX stuff, me included, because of everything they see on bitshares.org/technology which made everyone think we'd have those features on 2.0 when we clearly don't. I think that was the major problem originally. Of course I didn't think you'd make all of that for free but if it takes $500000 to get that done then I believe most people just had the wrong and complete idea of how 2.0 would be. Lack of communication once again.

I strongly believe most people thought they would have this on 2.0 https://bitshares.org/technology/ when 1st: we seem to be heading elsewhere and 2nd: they didn't take into account you would charge for it. I'm not saying you should do this for free, but most people didn't expect to pay lik3 $300000-500000k to have all of this on 2.0

Price-Stable Cryptocurrencies - check - though it seems some aren't happy with this model
Decentralized Asset Exchange - check?
Industrial Performance and Scalability  - check?
Dynamic Account Permissions - do we have this at GUI level?
Recurring & Scheduled Payments  - Nope, at least in hte GUI
Referral Rewards Program - check
User-Issued Assets - check
Collateralized Bond Market - Nope
Stakeholder-Approved Project Funding  - Check
Transferable Named Accounts  - Dont know the status
Delegated Proof-of-Stake Consensus - check


Still, nice to see you considering DEX related stuff. Could you share a few more details what do you plan to improve? Does that include some of the stuff you mentioned when you created that list with worker proposals? Would like to know since, taking the worst case scenario values and you need 500k to make all of that a reality, at current marketcap of 9M it's a dilution of 5,5%. A list of stuff should be easier for people to consider against those values.
« Last Edit: December 31, 2015, 02:04:25 am by Akado »
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Offline clayop

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Re: DEX Proposal
« Reply #2 on: December 31, 2015, 01:47:05 am »
A lot of people have expressed interest in having me/CNX focus on the DEX. 

If that is the case, I can create a worker proposal that will fund almost full time DEX development.  It will require about $30K per month to have Val, Ben, James, and I working on the DEX 75% of the time. 

Otherwise we will have to find other ways to make money.

What are your thoughts on such a proposal?  We would focus on API + Bond + Maker.
Where's percentage based fee? I'm wondering why you keep ignoring BSIP4. Do you think it is worthless?
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Offline btswildpig

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Re: DEX Proposal
« Reply #3 on: December 31, 2015, 03:42:32 am »
A lot of people have expressed interest in having me/CNX focus on the DEX. 

If that is the case, I can create a worker proposal that will fund almost full time DEX development.  It will require about $30K per month to have Val, Ben, James, and I working on the DEX 75% of the time. 

Otherwise we will have to find other ways to make money.

What are your thoughts on such a proposal?  We would focus on API + Bond + Maker.

How about get 30K per months by working for other people/company/big banks/ who wants a DEX and BTS get all the features as to what you implied from the upgrade threads of BTS2.0 ?
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Offline tonyk

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Re: DEX Proposal
« Reply #4 on: December 31, 2015, 04:55:54 am »
A lot of people have expressed interest in having me/CNX focus on the DEX. 

If that is the case, I can create a worker proposal that will fund almost full time DEX development.  It will require about $30K per month to have Val, Ben, James, and I working on the DEX 75% of the time. 

Otherwise we will have to find other ways to make money.

What are your thoughts on such a proposal?  We would focus on API + Bond + Maker.

ohh danny  how much is it gonna cost us for you to not take your ball and continue playing whatever game you like?

how much is it gonna cost us for you to stop crying anytime not everybody kneels in total admiration when you decide that "this game is not so good but the next one is gonna be great"?
 :'( :'( :'(


Do you know what? It is your baby left without a hand (or a leg), for you deciding you are no longer interested enough to work on his non-essential and boring parts...
« Last Edit: December 31, 2015, 05:01:58 am by tonyk »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline NewMine

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Re: DEX Proposal
« Reply #5 on: December 31, 2015, 05:23:33 am »
Holy shit. This proposal is amazing.

Offline CoinHoarder

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Re: DEX Proposal
« Reply #6 on: December 31, 2015, 05:42:07 am »
What are your thoughts on such a proposal?  We would focus on API + Bond + Maker.

I suggest that you not let the outspoken shareholders hold you hostage. They claim you are holding them hostage, but that couldn't be further from the truth. They need to learn how to get organized, find talent (developers), and fund development of the projects they want to see developed. This is their problem, not yours alone (or CNX's), and it is better they learn how to properly use Bitshares' features now rather than later. Let them organize the projects, find developers, fund them, etc... to build out the features as they want them built. It will be a good lesson for the community and a proof of concept of sorts for Bitshares' features. They need to learn nothing is free and to stop being so cheap. The first independent developer thread has started and they're already talking about outsourcing the work overseas to some quasi sweatshop worker that will work for $5 a hour... let them learn the hard way.

You were right to deduce that your time will be better spent working on MAS than the DEX. Your idea of mutual aid societies will have a much bigger effect on the Bitshares token price than "finishing" the DEX will. MAS has no competition in the cryptosphere... the DEX has AT LEAST 4 competing projects fighting over a small and limited user base (most of which has already made up their minds one way or the other about Bitshares.) Swing for the fences. These guys can't see your vision right now and how much more lucrative it is than "finishing" the DEX, but they will be thanking you a year from now if you push on with your MAS idea and the user base expands exponentially because of such (along with the value of the BTS token and ironically the liquidity/volume of the DEX.) The PR alone from this will be worth its weight in bitGOLD.
« Last Edit: December 31, 2015, 05:51:54 am by CoinHoarder »
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Offline bitacer

Re: DEX Proposal
« Reply #7 on: December 31, 2015, 06:51:46 am »
What are your thoughts on such a proposal?  We would focus on API + Bond + Maker.

I suggest that you not let the outspoken shareholders hold you hostage. They claim you are holding them hostage, but that couldn't be further from the truth. They need to learn how to get organized, find talent (developers), and fund development of the projects they want to see developed. This is their problem, not yours alone (or CNX's), and it is better they learn how to properly use Bitshares' features now rather than later. Let them organize the projects, find developers, fund them, etc... to build out the features as they want them built. It will be a good lesson for the community and a proof of concept of sorts for Bitshares' features. They need to learn nothing is free and to stop being so cheap. The first independent developer thread has started and they're already talking about outsourcing the work overseas to some quasi sweatshop worker that will work for $5 a hour... let them learn the hard way.

You were right to deduce that your time will be better spent working on MAS than the DEX. Your idea of mutual aid societies will have a much bigger effect on the Bitshares token price than "finishing" the DEX will. MAS has no competition in the cryptosphere... the DEX has AT LEAST 4 competing projects fighting over a small and limited user base (most of which has already made up their minds one way or the other about Bitshares.) Swing for the fences. These guys can't see your vision right now and how much more lucrative it is than "finishing" the DEX, but they will be thanking you a year from now if you push on with your MAS idea and the user base expands exponentially because of such (along with the value of the BTS token and ironically the liquidity/volume of the DEX.) The PR alone from this will be worth its weight in bitGOLD.
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Offline morpheus

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Re: DEX Proposal
« Reply #8 on: December 31, 2015, 07:49:38 am »
Put it to the ultimate test - shareholder vote.  That is the only way you are going to find out which way this project is truly headed.  Find out whether stakeholders want to focus on the dex, mas or both.  Fortunately all the forum disdain for stakeholders doesn't matter with DPOS.  The only thing that matters is stakeholder vote.

The dex needs to be finished... and if we were perhaps to capture a portion of the global derivatives market, then it may never truly be finished.  Mas is just a distraction at this point IMO.

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Re: DEX Proposal
« Reply #9 on: December 31, 2015, 09:09:36 am »
If that is the case, I can create a worker proposal that will fund almost full time DEX development.  It will require about $30K per month to have Val, Ben, James, and I working on the DEX 75% of the time. 
I appreciate it a lot that you've made this proposal. Even if the price is quite high, at least we are offered a choice.
 
If you spend 75% of your time - how many months (roughly) will it take?
Also, is it safe to assume that you'll need $20k to devote 50% of your time?

Offline Empirical1.2

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Re: DEX Proposal
« Reply #10 on: December 31, 2015, 09:17:30 am »
A lot of people have expressed interest in having me/CNX focus on the DEX. 

If that is the case, I can create a worker proposal that will fund almost full time DEX development.  It will require about $30K per month to have Val, Ben, James, and I working on the DEX 75% of the time. 

Otherwise we will have to find other ways to make money.

What are your thoughts on such a proposal?  We would focus on API + Bond + Maker.

I don't think this is unfair and is just what it costs CNX to do more work at this stage.

It would be good to see estimated timelines for each feature.

Given that we can possibly get Latvian/other Devs for $12k a year, I think CNX's focus should also be on trying to create a second team of overseas devs that are outsourced whatever work it is possible for them to handle.

BTS's value would increase substantially with another team or group of developers working on improving BTS at the same time & for much less than US based devs could.

Helping get as many new devs up and running would also free you to work on MAS/personal passion and focus on the more lucrative banking/other contracts CNX has.
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Offline valtr

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Re: DEX Proposal
« Reply #11 on: December 31, 2015, 01:46:15 pm »
Honestly I can not guess if MAS would be better in attracting users, but I think BitShares needs advance in DEX.
Please make a proposal for shareholders voting.

Offline BunkerChainLabs-DataSecurityNode

Re: DEX Proposal
« Reply #12 on: December 31, 2015, 02:42:40 pm »
What are your thoughts on such a proposal?  We would focus on API + Bond + Maker.

I suggest that you not let the outspoken shareholders hold you hostage. They claim you are holding them hostage, but that couldn't be further from the truth. They need to learn how to get organized, find talent (developers), and fund development of the projects they want to see developed. This is their problem, not yours alone (or CNX's), and it is better they learn how to properly use Bitshares' features now rather than later. Let them organize the projects, find developers, fund them, etc... to build out the features as they want them built. It will be a good lesson for the community and a proof of concept of sorts for Bitshares' features. They need to learn nothing is free and to stop being so cheap. The first independent developer thread has started and they're already talking about outsourcing the work overseas to some quasi sweatshop worker that will work for $5 a hour... let them learn the hard way.

You were right to deduce that your time will be better spent working on MAS than the DEX. Your idea of mutual aid societies will have a much bigger effect on the Bitshares token price than "finishing" the DEX will. MAS has no competition in the cryptosphere... the DEX has AT LEAST 4 competing projects fighting over a small and limited user base (most of which has already made up their minds one way or the other about Bitshares.) Swing for the fences. These guys can't see your vision right now and how much more lucrative it is than "finishing" the DEX, but they will be thanking you a year from now if you push on with your MAS idea and the user base expands exponentially because of such (along with the value of the BTS token and ironically the liquidity/volume of the DEX.) The PR alone from this will be worth its weight in bitGOLD.

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Offline JonnyB

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Re: DEX Proposal
« Reply #13 on: December 31, 2015, 03:25:20 pm »
A lot of people have expressed interest in having me/CNX focus on the DEX. 

If that is the case, I can create a worker proposal that will fund almost full time DEX development.  It will require about $30K per month to have Val, Ben, James, and I working on the DEX 75% of the time. 

Otherwise we will have to find other ways to make money.

What are your thoughts on such a proposal?  We would focus on API + Bond + Maker.

I don't think this is unfair and is just what it costs CNX to do more work at this stage.

It would be good to see estimated timelines for each feature.

Given that we can possibly get Latvian/other Devs for $12k a year, I think CNX's focus should also be on trying to create a second team of overseas devs that are outsourced whatever work it is possible for them to handle.

BTS's value would increase substantially with another team or group of developers working on improving BTS at the same time & for much less than US based devs could.

Helping get as many new devs up and running would also free you to work on MAS/personal passion and focus on the more lucrative banking/other contracts CNX has.

I like this idea. why not create a worker proposal to train up a bunch of cheaper devs from eastern europe so that company can compete against CNX.
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Offline Ben Mason

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Re: DEX Proposal
« Reply #14 on: December 31, 2015, 04:23:14 pm »
What are your thoughts on such a proposal?  We would focus on API + Bond + Maker.

I suggest that you not let the outspoken shareholders hold you hostage. They claim you are holding them hostage, but that couldn't be further from the truth. They need to learn how to get organized, find talent (developers), and fund development of the projects they want to see developed. This is their problem, not yours alone (or CNX's), and it is better they learn how to properly use Bitshares' features now rather than later. Let them organize the projects, find developers, fund them, etc... to build out the features as they want them built. It will be a good lesson for the community and a proof of concept of sorts for Bitshares' features. They need to learn nothing is free and to stop being so cheap. The first independent developer thread has started and they're already talking about outsourcing the work overseas to some quasi sweatshop worker that will work for $5 a hour... let them learn the hard way.

You were right to deduce that your time will be better spent working on MAS than the DEX. Your idea of mutual aid societies will have a much bigger effect on the Bitshares token price than "finishing" the DEX will. MAS has no competition in the cryptosphere... the DEX has AT LEAST 4 competing projects fighting over a small and limited user base (most of which has already made up their minds one way or the other about Bitshares.) Swing for the fences. These guys can't see your vision right now and how much more lucrative it is than "finishing" the DEX, but they will be thanking you a year from now if you push on with your MAS idea and the user base expands exponentially because of such (along with the value of the BTS token and ironically the liquidity/volume of the DEX.) The PR alone from this will be worth its weight in bitGOLD.

 +5%
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