Is Bitshares attempting to get on Microsoft Azure?

[Empirical1.2]

Yep.  He gave us a list of selling points we could already have been using.  A great asset compared to us complaining.  Thank you @Empirical1.2.  I know it gets tough sometimes but any of us who got into this thinking it would be easy should have never got in in the first place. We are going to keep going and with people doing valuable things like this we have more we can use. 

Now I still have to admit, however.  I am at a loss how you can compile a list like this yet still honestly say we have nothing we can approach others with...I mean you just basically made all your earlier points in this thread rrelevant with this post (which is respectable actually if you already know it and made a choice to fight the low marketcap demons)

  Thanks

Well my earliers statements were because nearly everything on that list requires SmartCoins to be more tightly pegged. SmartCoin to Fiat will also add to the true cost of many services mentioned. 

However it was you talking about the Emercoin & Factom approach that lead me to agree with you that from a marketing point of view you can also focus on the product and service 'potential'.

This is why I spend so much of my time thinking about Smartcoins, I personally think it's at the centre of what BitShares has to offer and getting those more tightly pegged is what's going to make investors and new developers believe that the potential of many of those products and services can be actualized.

@cass , would you consider placing it on our website as part of your current worker proposal?
Together with a couple of screen-shots of our GUI, this would be a very refreshing addition.
We could keep the webpage as it is but just add a dedicated section for non-technical newcomers with Empirical's text and some screenshots.

If this is outside the scope of your worker, I think this is worth a separate worker proposal and having it done by you or someone else who has the time.

Thanks, If you're going to use it on the site, feel free to add/remove products or change the text especially if any of the content isn't accurate/misleading.

@Empirical1.2  I realize this is off topic of this thread.. but I wanted to get your impressions since you seem to be expelling a great deal of brain power on Smartcoins.. what you think will bring the peg more inline with real world fiat.

Is it simply a chicken/egg situation if liquidity where someone is just going to have to step up and eat losses to try and pull all the other market traders inline to hold their trades within at least a 2% margin of the feed?

Or should the system change to where we put a ceiling on it and only allow the margins to go so far?

Is there something the committee could do in all this to make them work better?

Please forgive me if you have already stated such things and I have just forgotten or missed them and feel free to just cut and paste them if that is the case.

Personally I think BTS will benefit so much from tightly pegged Smartcoins that by supporting the peg we are not really eating a loss overall.

At the very least I think it's worth directing trading fees to dividends for the Shorts to bring them closer to the peg.

I think MAKER may fail because after two years/whenever, if the same market conditions persist Shorts will still be reluctant to come to the peg. (& we will have committed some of our future trading fees to Market Makers for past services rendered so won't be able to use that to incentivize them.)

My current thinking about how to get the Smartcoin peg tighter is here https://bitsharestalk.org/index.php/topic,21125.0.html

However there are people on here, obviously including BM himself who understand these problems better than me.

[BunkerChainLabs-DataSecurityNode]

Yep.  He gave us a list of selling points we could already have been using.  A great asset compared to us complaining.  Thank you @Empirical1.2.  I know it gets tough sometimes but any of us who got into this thinking it would be easy should have never got in in the first place. We are going to keep going and with people doing valuable things like this we have more we can use. 

Now I still have to admit, however.  I am at a loss how you can compile a list like this yet still honestly say we have nothing we can approach others with...I mean you just basically made all your earlier points in this thread rrelevant with this post (which is respectable actually if you already know it and made a choice to fight the low marketcap demons)

  Thanks

Well my earliers statements were because nearly everything on that list requires SmartCoins to be more tightly pegged. SmartCoin to Fiat will also add to the true cost of many services mentioned. 

However it was you talking about the Emercoin & Factom approach that lead me to agree with you that from a marketing point of view you can also focus on the product and service 'potential'.

This is why I spend so much of my time thinking about Smartcoins, I personally think it's at the centre of what BitShares has to offer and getting those more tightly pegged is what's going to make investors and new developers believe that the potential of many of those products and services can be actualized.

@cass , would you consider placing it on our website as part of your current worker proposal?
Together with a couple of screen-shots of our GUI, this would be a very refreshing addition.
We could keep the webpage as it is but just add a dedicated section for non-technical newcomers with Empirical's text and some screenshots.

If this is outside the scope of your worker, I think this is worth a separate worker proposal and having it done by you or someone else who has the time.

Thanks, If you're going to use it on the site, feel free to add/remove products or change the text especially if any of the content isn't accurate/misleading.

@Empirical1.2  I realize this is off topic of this thread.. but I wanted to get your impressions since you seem to be expelling a great deal of brain power on Smartcoins.. what you think will bring the peg more inline with real world fiat.

Is it simply a chicken/egg situation if liquidity where someone is just going to have to step up and eat losses to try and pull all the other market traders inline to hold their trades within at least a 2% margin of the feed?

Or should the system change to where we put a ceiling on it and only allow the margins to go so far?

Is there something the committee could do in all this to make them work better?

Please forgive me if you have already stated such things and I have just forgotten or missed them and feel free to just cut and paste them if that is the case.

[Empirical1.2]

Thanks, If you're going to use it on the site, feel free to add/remove products or change the text especially if any of the content isn't accurate/misleading.

@Empirical1.2
I hope you are OK with it.
I liked your text so much that I forgot to ask for your consent first.

  Yeah no problem.

[jakub]

Thanks, If you're going to use it on the site, feel free to add/remove products or change the text especially if any of the content isn't accurate/misleading.

@Empirical1.2
I hope you are OK with it.
I liked your text so much that I forgot to ask for your consent first.

[jakub]

https://github.com/bitshares/bitshares.github.io/issues/96

Thank you @cass
It is so uplifting to observe such a quick transition from an idea to a plan of action.

And good luck in your personal life.

[Empirical1.2]

Yep.  He gave us a list of selling points we could already have been using.  A great asset compared to us complaining.  Thank you @Empirical1.2.  I know it gets tough sometimes but any of us who got into this thinking it would be easy should have never got in in the first place. We are going to keep going and with people doing valuable things like this we have more we can use. 

Now I still have to admit, however.  I am at a loss how you can compile a list like this yet still honestly say we have nothing we can approach others with...I mean you just basically made all your earlier points in this thread rrelevant with this post (which is respectable actually if you already know it and made a choice to fight the low marketcap demons)

  Thanks

Well my earliers statements were because nearly everything on that list requires SmartCoins to be more tightly pegged. SmartCoin to Fiat will also add to the true cost of many services mentioned. 

However it was you talking about the Emercoin & Factom approach that lead me to agree with you that from a marketing point of view you can also focus on the product and service 'potential'.

This is why I spend so much of my time thinking about Smartcoins, I personally think it's at the centre of what BitShares has to offer and getting those more tightly pegged is what's going to make investors and new developers believe that the potential of many of those products and services can be actualized.

@cass , would you consider placing it on our website as part of your current worker proposal?
Together with a couple of screen-shots of our GUI, this would be a very refreshing addition.
We could keep the webpage as it is but just add a dedicated section for non-technical newcomers with Empirical's text and some screenshots.

If this is outside the scope of your worker, I think this is worth a separate worker proposal and having it done by you or someone else who has the time.

Thanks, If you're going to use it on the site, feel free to add/remove products or change the text especially if any of the content isn't accurate/misleading.

[cass]

https://github.com/bitshares/bitshares.github.io/issues/96

[cass]

pls create a github issue with infos etc .. if possible

[cass]

yep will do .. just so you know .. i'm facing currently some tough private related challenges ... bereavement within my family ..
so please excuse if i'm not online next upcoming  days ..

[jakub]

I am at a loss how you can compile a list like this yet still honestly say we have nothing we can approach others with...

So am I, fuzzy
That was quite unexpected, considering what he said earlier about Azure.

[fuzzy]

Yep.  He gave us a list of selling points we could already have been using.  A great asset compared to us complaining.  Thank you @Empirical1.2.  I know it gets tough sometimes but any of us who got into this thinking it would be easy should have never got in in the first place. We are going to keep going and with people doing valuable things like this we have more we can use. 

Now I still have to admit, however.  I am at a loss how you can compile a list like this yet still honestly say we have nothing we can approach others with...I mean you just basically made all your earlier points in this thread rrelevant with this post (which is respectable actually if you already know it and made a choice to fight the low marketcap demons)

[jakub]

I would probably approach it more like this... 

BitShares  The Home Of SmartCoins

What is BitShares?
BitShares is a decentralized platform that runs on a blockchain like Bitcoin but with MUCH higher performance.
Our core invention is Price Stable SmartCoins which since inception in 2014 have successfully allowed users to hold the value of currencies & commodities on the blockchain. Over the next few years this technology will completely transform the world as you know it and here's why...


Global Payments  (See you later PayPal!)
Stable BitShares SmartCurrencies like BitUSD let you make & receive payments globally for 0.1% which is up to 35x cheaper than leading centralized competitors.

Spread Trading Platform (Short IG Index & CMC!)
Trade popular SmartStocks and SmartIndexes on the BitShares blockchain at a fraction of the cost of leading spread trading platforms and without KYC. BitShares already offers the popular Nasdaq and Shenzen indexes.

Online MarketPlace (Asta la Vista Amazon!)
List & sell products directly & privately on the blockchain & in stable currencies like BitUSD for less than 0.1% in fees.

The Blockchain Economy
Due to volatility & tight margins, merchants have to convert Bitcoin payments directly to fiat. SmartCurrencies like BitUSD let merchants keep more of their proceeds on the blockchain, creating the potential to have entire supply chains & a blockchain economy that is independent of the traditional banking system. 

Crypto Exchange (Arrivederci Coinbase!)
Traditional Bitcoin exchanges have high risks of thefts, seizures and shutdowns. BitShares lets you trade Bitcoin and other popular crypto-currency Smartcoins directly on the BitShares blockchain.

Digital Gold & Silver Vault
Physical gold has high storage costs, is difficult to move internationally and has historically been confiscated. Centralized derivatives like GLD have a high risk of default when there is a run on physical. BitGold & Silver lets you keep some of your portfolio on the blockchain free from those risks.

Subscription Services (Hello NetFlix!)
BitShares has recurring payment functionality which combined with SmartCurrencies bring the $30 Billion Subscription Market to the blockchain.

Transparent Crowdfunding (Nice Knowing you Kickstarter!)
Want to start a company doing anything you want and attract global investors without the red tape and high fees? BitShares lets you list, fund and trade on it's blockchain without the 3% processing fee charged by centralized competitors.

Global Remittance (So long Western Union!)
Due to Bitcoin volatility and slow confirmation times, Bitcoin has struggled to penetrate the $500 billion global remittance market. SmartCurrencies like BitUSD with their low fees and 3 second transaction times change this.

True Private Banking (At least Switzerland will still have watches and chocolate!)
BitShares allows anonymous global transactions and the ability to hold deposits in multiple SmartCurrencies, accessible to anyone, anywhere in the world. Your blockchain funds cannot be seized or scrutinized and are not affected by local or global banking crises.

Social Tipping & The Gift Economy
Social tipping is a new phenomenon which allows users on social media sites like Twitter, Reddit & Facebook to give a tip to content they appreciate and companies like ShareBits.io have already been integrated with the BitShares platform to take advantage of this. 

Online Charity
Currency Smartcoins and $0.01 transaction fees make small online charity donations affordable, transparent and fast.
 
Sports Betting
BitShares prediction markets allow private wagering on sports events that can penetrate a huge global market without restriction while also reducing the average 'vig' of 5-10% to under 1%. BitShares has already offered wagering on 2016 NFL games. http://www.dailymail.co.uk/wires/afp/article-3040540/Global-sports-gambling-worth-3-trillion.html

Global Lottery
Lotteries lose up to 50% on running costs, taxes and other expenses. BitShares RNG provides provably fair draws and with ticket sales directly on the blockchain, total running costs could be less than 1%.

Blockchain Casino
Winner winner Chicken Dinner! Volatility is cited as the number one reason more online casinos don't integrate Bitcoin, Smartcurrencies like BitUSD solve this problem and BitShares could even offer traditional Casino games on the blockchain for a fraction of the cost and penetrate the lucrative $30 billion onine gambling market.

Global Personal Insurance
By reducing traditional fixed costs and using the wisdom of the crowd for claim validation, the inventor of Smartcoins is attempting to revolutionize personal insurance by developing the first blockchain based Mutual Aid Society on the BitShares platform.

 
@Empirical1.2 , I've always wished we had such a description and you just did it.
Fantastic job.

@cass , would you consider placing it on our website as part of your current worker proposal?
Together with a couple of screen-shots of our GUI, this would be a very refreshing addition.
We could keep the webpage as it is but just add a dedicated section for non-technical newcomers with Empirical's text and some screenshots.

If this is outside the scope of your worker, I think this is worth a separate worker proposal and having it done by you or someone else who has the time.

[Empirical1.2]

Products would be:
- decentralized exchange
- market pegged assets
- prediction markets (needs development)
- bond markets (not even started yet)
every other stuff on the /technology page that it's not ready yet like subscription payments through scheduled payments and "Dynamic Account Permissions - Management for the corporate environment". I think it makes sense and use that tool for management but we're a long way from that front yet.

I would think in terms of products we should think about existing companies and industries that BitShares could replace.

Emercoin & Factom describe what's possible on their blockchain with compelling use cases whereas BitShares.org focuses on the technology which would be appealing to developers, blockchain savvy investors but probably wouldn't make sense to or excite more casual investors directed to the site.

I would probably approach it more like this... 

BitShares  The Home Of SmartCoins

What is BitShares?
BitShares is a decentralized platform that runs on a blockchain like Bitcoin but with MUCH higher performance.
Our core invention is Price Stable SmartCoins which since inception in 2014 have successfully allowed users to hold the value of currencies & commodities on the blockchain. Over the next few years this technology will completely transform the world as you know it and here's why...


Global Payments  (See you later PayPal!)
Stable BitShares SmartCurrencies like BitUSD let you make & receive payments globally for 0.1% which is up to 35x cheaper than leading centralized competitors.

Spread Trading Platform (Short IG Index & CMC!)
Trade popular SmartStocks and SmartIndexes on the BitShares blockchain at a fraction of the cost of leading spread trading platforms and without KYC. BitShares already offers the popular Nasdaq and Shenzen indexes.

Online MarketPlace (Asta la Vista Amazon!)
List & sell products directly & privately on the blockchain & in stable currencies like BitUSD for less than 0.1% in fees.

The Blockchain Economy
Due to volatility & tight margins, merchants have to convert Bitcoin payments directly to fiat. SmartCurrencies like BitUSD let merchants keep more of their proceeds on the blockchain, creating the potential to have entire supply chains & a blockchain economy that is independent of the traditional banking system. 

Crypto Exchange (Arrivederci Coinbase!)
Traditional Bitcoin exchanges have high risks of thefts, seizures and shutdowns. BitShares lets you trade Bitcoin and other popular crypto-currency Smartcoins directly on the BitShares blockchain.

Digital Gold & Silver Vault
Physical gold has high storage costs, is difficult to move internationally and has historically been confiscated. Centralized derivatives like GLD have a high risk of default when there is a run on physical. BitGold & Silver lets you keep some of your portfolio on the blockchain free from those risks.

Subscription Services (Hello NetFlix!)
BitShares has recurring payment functionality which combined with SmartCurrencies bring the $30 Billion Subscription Market to the blockchain.

Transparent Crowdfunding (Nice Knowing you Kickstarter!)
Want to start a company doing anything you want and attract global investors without the red tape and high fees? BitShares lets you list, fund and trade on it's blockchain without the 3% processing fee charged by centralized competitors.

Global Remittance (So long Western Union!)
Due to Bitcoin volatility and slow confirmation times, Bitcoin has struggled to penetrate the $500 billion global remittance market. SmartCurrencies like BitUSD with their low fees and 3 second transaction times change this.

True Private Banking (At least Switzerland will still have watches and chocolate!)
BitShares allows anonymous global transactions and the ability to hold deposits in multiple SmartCurrencies, accessible to anyone, anywhere in the world. Your blockchain funds cannot be seized or scrutinized and are not affected by local or global banking crises.

Social Tipping & The Gift Economy
Social tipping is a new phenomenon which allows users on social media sites like Twitter, Reddit & Facebook to give a tip to content they appreciate and companies like ShareBits.io have already been integrated with the BitShares platform to take advantage of this. 

Online Charity
Currency Smartcoins and $0.01 transaction fees make small online charity donations affordable, transparent and fast.
 
Sports Betting
BitShares prediction markets allow private wagering on sports events that can penetrate a huge global market without restriction while also reducing the average 'vig' of 5-10% to under 1%. BitShares has already offered wagering on 2016 NFL games. http://www.dailymail.co.uk/wires/afp/article-3040540/Global-sports-gambling-worth-3-trillion.html

Global Lottery
Lotteries lose up to 50% on running costs, taxes and other expenses. BitShares RNG provides provably fair draws and with ticket sales directly on the blockchain, total running costs could be less than 1%.

Blockchain Casino
Winner winner Chicken Dinner! Volatility is cited as the number one reason more online casinos don't integrate Bitcoin, Smartcurrencies like BitUSD solve this problem and BitShares could even offer traditional Casino games on the blockchain for a fraction of the cost and penetrate the lucrative $30 billion onine gambling market.

Global Personal Insurance
By reducing traditional fixed costs and using the wisdom of the crowd for claim validation, the inventor of Smartcoins is attempting to revolutionize personal insurance by developing the first blockchain based Mutual Aid Society on the BitShares platform.

[fuzzy]

Products would be:
- decentralized exchange
- market pegged assets
- prediction markets (needs development)
- bond markets (not even started yet)
every other stuff on the /technology page that it's not ready yet like subscription payments through scheduled payments and "Dynamic Account Permissions - Management for the corporate environment". I think it makes sense and use that tool for management but we're a long way from that front yet.

we have to tell devs about our product as it is. we have some of the best tech in the space...so a good dev with vision sees it and sees they could help...they might buy cheap bts (cheaper than most) and become a loyal bitshares backer!

But first we have to get them to at least touch it.

[Akado]

Products would be:
- decentralized exchange
- market pegged assets
- prediction markets (needs development)
- bond markets (not even started yet)
every other stuff on the /technology page that it's not ready yet like subscription payments through scheduled payments and "Dynamic Account Permissions - Management for the corporate environment". I think it makes sense and use that tool for management but we're a long way from that front yet.