Small is beautiful - dShares distribution - Community lead crowd funding

[ebit]

Distribution of the new shares:
70% to the active BTS shareholders. Active defined as having their shares in their own account (outside of exchanges).

My some shares are in buy order.What I have to cancel the buy order  first?

[tonyk]

Just for the record, DSHARES was the original name for my early ideas on stable crypto...

https://bitcointalk.org/index.php?topic=213588.0

 

Hey check it out.. the new dshares is only a 3 year step back in time.

WOO HOOO!!

Maybe we should call it FluxCapacitor.

Maybe it will only need 1.21 gigawatts to catch up to Bitshares.

Are you trying to forget that your 'advanced' BTS is on fall back plan "C" ; regarding its bitAssets inner workings?

---------
Mutations are very slow (but robust) mechanism of progress. 99.999999% of all mutations are just bad and die. When talk about non-biological things i.e. have clearer definitions of what is better... well the original 'best' outcome wins over all mutations.

[BunkerChainLabs-DataSecurityNode]

Just for the record, DSHARES was the original name for my early ideas on stable crypto...

https://bitcointalk.org/index.php?topic=213588.0

 

Hey check it out.. the new dshares is only a 3 year step back in time.

WOO HOOO!!

Maybe we should call it FluxCapacitor.

Maybe it will only need 1.21 gigawatts to catch up to Bitshares.

[Erlich Bachman]

Thanks TK

70% sharedrop is mad generous, you got my support

Just snatched up more BTS for this occasion. . Any tentative idea on sharedrop date?

yes, "small is beautiful"

but she usually charges me extra to say that

 

good luck!

[yvv]

Thoughts?

What the hell is this all about?

[TravelsAsia]

Immitation is the sincerest form of flattery.

This is just Tony's way of telling the world how much he loves what you have done

Was that any kind of secret before?

What I actually hate, is abandoning something great in search of a new (in my opinion pipe-) dreams.

The support is there for you.

[tonyk]

Immitation is the sincerest form of flattery.

This is just Tony's way of telling the world how much he loves what you have done

Was that any kind of secret before?

What I actually hate, is abandoning something great in search of a new (in my opinion pipe-) dreams.

[bytemaster]

Just for the record, DSHARES was the original name for my early ideas on stable crypto...

https://bitcointalk.org/index.php?topic=213588.0

 

[TravelsAsia]

I really like this idea. BTS is such a tangled knot at this point that I wouldn't mind starting with something simpler, continuing to believe in and work on both, and see which one is the better experiment.

+5 We won't know until we try.

[-banano-]

Distribution of the new shares:
70% to the active BTS shareholders. Active defined as having their shares in their own account (outside of exchanges).
30% crowd fund/kick starter contributors.

Small is beautiful

Thank you Mr K!

I just bought some BitShares because they looked super cheap, and put them in my own wallet, so now I can have BitShares and dShares too. I had sold them to buy some IOTA a couple months ago 

Please do not compete with micropayments until IOTA is liquid so I can get back into BTS, because right now, I have several BTC non liquid locked in IOTA ICO.

I thought BTS chose not to compete in micropayments

Why now do you choose to take market share from Internet of Things?

https://bitcointalk.org/index.php?topic=1299209.msg13394486#msg13394486

BM said that he would work with IOTA, not compete against them!

https://bitsharestalk.org/index.php/topic,19534.msg251719.states that he will instate competitive pricing?!

Just a couple questions.  What date is the snapshot going to take place? How much will the transaction fee of dShares be?

thank you,

dShares to the moon!

[svk]

Random suggestions:

- Allow BTC and ETH investment or at least BTC deposits that automatically convert to creating BitUSD through BTS.
- 60% sharedrop to BTS holders, let's bring in new blood
- Focus on making the internal exchange more user friendly
- Feature limitation - Let BTS be the experimental features chain, with the internal exchange  and a friendly wallet, you have enough tech that blows away most projects
- Adding MT4 integration

It would be interesting what type of reaction a project with BitShares features that focuses on a smaller subset of key features and without any type of existing reputation.

On the above suggestions, perhaps @abit @svk  and  @monsterer  can comment on MT4 integration work?

I like to add to the suggestions:

1) Extend to 60-day crowdfunding. Give investors more time to digest and raise fund.
2) Extend crowd funding to other crypto communities
3) Instead of giving the 10mils cap to exchanges, give the extra dshares to dshares LTM.  The bonus is to let LTM members know that they are in the priviledged exclusive club.
4) Have a good simple summary of the benefits the new dshares will bring
5) Please elaborate how the dividend/interest is derived and substained in the long run. Dividend to be limited to crowd-funders and LTMs? Better still, give free LTM to crowdfunders.
6) 3-year maturity sounds good. Like abit mentioned, these share-dropped dshares should be made illiquid (eg can't use for collateral) until maturity.
7) A sufficient notification period for withdrawing bts from exchanges to qualify for sharedrop

And questions:
1) Why choose a value to be 1/7th of BTS?  Why not a simple 1:1 bts or other easier calculation/marketing purpose?
2) Part of the community is concerned with (uncontrolled) dilution.  State on what circumstances that dshare needs dilution or at least give your thoughts on it

AFAIK noone is working on MT4 integration, and I suspect it would be very difficult to do so.

[donkeypong]

I really like this idea. BTS is such a tangled knot at this point that I wouldn't mind starting with something simpler, continuing to believe in and work on both, and see which one is the better experiment.

One thing to consider: With dShares, screw the exchanges, but what becomes even more important here are the gateways and ramps. It does not seem to me like anyone in the BTS community has an automatic tribal opposition to this new fork idea, but hypotethically speaking, if some in the BTS community decide they won't touch the dShares fork, then there could be a problem getting gateways on board. Again, I doubt this will be an issue, but it might be best to check with the present gateways/ramps and make sure that they would be open to working with this platform as well. It certainly could be worth their while financially. 

[btswildpig]

Sounds good!
It would be perfect if you put bytemaster's shares in vested and he can only claim them 100 years from now.

+10086 .

[muse-umum]

 

Sounds good!
It would be perfect if you put bytemaster's shares in vested and he can only claim them after 2116.

[tonyk]

Random suggestions:

- Allow BTC and ETH investment or at least BTC deposits that automatically convert to creating BitUSD through BTS.
- 60% sharedrop to BTS holders, let's bring in new blood
- Focus on making the internal exchange more user friendly
- Feature limitation - Let BTS be the experimental features chain, with the internal exchange  and a friendly wallet, you have enough tech that blows away most projects
- Adding MT4 integration

It would be interesting what type of reaction a project with BitShares features that focuses on a smaller subset of key features and without any type of existing reputation.

On the above suggestions, perhaps @abit @svk  and  @monsterer  can comment on MT4 integration work?

I like to add to the suggestions:

1) Extend to 60-day crowdfunding. Give investors more time to digest and raise fund.
2) Extend crowd funding to other crypto communities
3) Instead of giving the 10mils cap to exchanges, give the extra dshares to dshares LTM.  The bonus is to let LTM members know that they are in the priviledged exclusive club.
4) Have a good simple summary of the benefits the new dshares will bring
5) Please elaborate how the dividend/interest is derived and substained in the long run. Dividend to be limited to crowd-funders and LTMs? Better still, give free LTM to crowdfunders.
6) 3-year maturity sounds good. Like abit mentioned, these share-dropped dshares should be made illiquid (eg can't use for collateral) until maturity.
7) A sufficient notification period for withdrawing bts from exchanges to qualify for sharedrop

And questions:
1) Why choose a value to be 1/7th of BTS?  Why not a simple 1:1 bts or other easier calculation/marketing purpose?
2) Part of the community is concerned with (uncontrolled) dilution.  State on what circumstances that dshare needs dilution or at least give your thoughts on it

Sorry cube for making it go through reading something no one else did.

So the bishares community consists of mainly no-longer holders, not old enough to drink opinioned full of themselves chicken brains...or their supporters.

So in short - Small is beautiful , smaller is even better.

------------------------
Dilution will never start as soon as we have min viable product paid by the init  dev. fund.
Not having the good for nothing, 70% stake holders being carried just so they can dump... is a great idea I am gravitating towards.