Author Topic: New Marketing Meme... +5%  (Read 4801 times)

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Offline santaclause102

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Re: New Marketing Meme... +5%
« Reply #15 on: January 29, 2014, 01:59:03 am »
I guess not everyone is impressed by the +5%...  http://finance.fortune.cnn.com/2014/01/28/bitcoin-conference-miami/

Ad- and disadvantages to the fixed 5% meme. Attracts attention but can come across as ponzi. It's like going all in at poker. If you are 100% sure you can guarentee the 5% you may surprise and convince like bitcoin did. If you have to step back from it you might loose credit... All you need is trust and people dont trust things that are too good to be true.... In my opinion it is definitely not a good idea if you are not 100% sure yet that it's gonna be 5%
« Last Edit: January 29, 2014, 02:01:55 am by delulo »

Offline toast

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Re: New Marketing Meme... +5%
« Reply #16 on: January 29, 2014, 02:01:53 am »
Can't wait for the ignore/laugh/fight/lose cycle re: 5‰
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Offline bytemaster

Re: New Marketing Meme... +5%
« Reply #17 on: January 29, 2014, 02:06:29 am »
I guess not everyone is impressed by the +5%...  http://finance.fortune.cnn.com/2014/01/28/bitcoin-conference-miami/

Ad- and disadvantages to the fixed 5% meme. Attracts attention but can come across as ponzi. It's like going all in at poker. If you are 100% sure you can guarentee the 5% you may surprise and convince like bitcoin did. If you have to step back from it you might loose credit... All you need is trust and people dont trust things that are too good to be true.... In my opinion it is definitely not a good idea if you are not 100% sure yet that it's gonna be 5%

Actually I am 100% sure the first one will be 5%, hard coded into the block chain. 
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Offline santaclause102

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Re: New Marketing Meme... +5%
« Reply #18 on: January 29, 2014, 02:12:27 am »
I guess not everyone is impressed by the +5%...  http://finance.fortune.cnn.com/2014/01/28/bitcoin-conference-miami/

Ad- and disadvantages to the fixed 5% meme. Attracts attention but can come across as ponzi. It's like going all in at poker. If you are 100% sure you can guarentee the 5% you may surprise and convince like bitcoin did. If you have to step back from it you might loose credit... All you need is trust and people dont trust things that are too good to be true.... In my opinion it is definitely not a good idea if you are not 100% sure yet that it's gonna be 5%

Actually I am 100% sure the first one will be 5%, hard coded into the block chain.
+5%
So the discussion about at that other thread was more a long term perspective?

Offline bytemaster

Re: New Marketing Meme... +5%
« Reply #19 on: January 29, 2014, 02:49:51 am »
I guess not everyone is impressed by the +5%...  http://finance.fortune.cnn.com/2014/01/28/bitcoin-conference-miami/

Ad- and disadvantages to the fixed 5% meme. Attracts attention but can come across as ponzi. It's like going all in at poker. If you are 100% sure you can guarentee the 5% you may surprise and convince like bitcoin did. If you have to step back from it you might loose credit... All you need is trust and people dont trust things that are too good to be true.... In my opinion it is definitely not a good idea if you are not 100% sure yet that it's gonna be 5%

Actually I am 100% sure the first one will be 5%, hard coded into the block chain.
+5%
So the discussion about at that other thread was more a long term perspective?

Yes, anything other than 5% will be more complex and harder to communicate.  As long as we understand the economic result of hardcoding 5% which I think is fine because it is no different than hardcoding 0% other than shifting the ratios by a 'constant' factor.
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Online alt

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Re: New Marketing Meme... +5%
« Reply #20 on: January 29, 2014, 03:15:17 am »
+5%

Offline toast

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Re: New Marketing Meme... +5%
« Reply #21 on: January 29, 2014, 03:17:09 am »
+5%? On MY usd?
It's more likely than you think
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drekrob

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Re: New Marketing Meme... +5%
« Reply #22 on: January 31, 2014, 12:18:57 am »
to be honest i dont realy think, this is such a great idea and to many people would start using this. i have no idea of marketing and stuff like that though.

Offline Kenof

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Re: New Marketing Meme... +5%
« Reply #23 on: January 31, 2014, 04:54:40 am »
to be honest i dont realy think, this is such a great idea and to many people would start using this. i have no idea of marketing and stuff like that though.

 +5%
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Offline maqifrnswa

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Re: New Marketing Meme... +5%
« Reply #24 on: January 31, 2014, 05:10:43 am »
to be honest i dont realy think, this is such a great idea and to many people would start using this. i have no idea of marketing and stuff like that though.

 +5%

+1 to your +5%
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Offline bytemaster

Re: New Marketing Meme... +5%
« Reply #25 on: January 31, 2014, 05:18:03 am »
to be honest i dont realy think, this is such a great idea and to many people would start using this. i have no idea of marketing and stuff like that though.

 +5%

+1 to your +5%

Now I am all confused... ;)
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Offline pinov

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Re: New Marketing Meme... +5%
« Reply #26 on: January 31, 2014, 02:24:38 pm »
 +5%


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Offline HackFisher

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Re: New Marketing Meme... +5%
« Reply #27 on: January 31, 2014, 03:44:46 pm »
 +5%
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Offline bytemaster

Re: New Marketing Meme... +5%
« Reply #28 on: January 31, 2014, 11:28:24 pm »
to be honest i dont realy think, this is such a great idea and to many people would start using this. i have no idea of marketing and stuff like that though.

 +5%

+1 to your +5%

The thing I love about this forum is that a lot of great minds come together and push us toward improving everything.   After debates on whether or not BitAssets even need interest I have concluded that they do not and that any interest will serve as a 'constant' offset in price.   Implementing interest will take extra time that I am sure someone will experiment with after the initial release.   

So given the fact that markets will find a way of undoing my 5% interest by adjusting prices elsewhere and the risk is so low due to collateral it seems best to simplify everything and just use 0% interest.   BitUSD will be on par with cash in your pocket or a gold coin in your hand.  You hold it because you want price stability not for its yield.

So I will ask Amazon to remove the +5% meme and replace the +5% with old school + 1 so that we can avoid confusion. 

This means this marketing meme is now over despite being very good and catchy.  It also seems to draw negative attention and scam accusations.

I do think it would be a fun experiment to implement interest in a chain, but at this point time getting something on the market with value is probably best.

For the latest updates checkout my blog: http://bytemaster.bitshares.org
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Offline toast

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Re: New Marketing Meme... +5%
« Reply #29 on: January 31, 2014, 11:43:52 pm »
What was the reason you gave before about how we need interest to make shorting more different from just selling?
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