Author Topic: Negative Post about Bitshares  (Read 9329 times)

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Offline cass

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Re: Negative Post about Bitshares
« Reply #15 on: August 19, 2014, 08:45:28 am »
haha ...  +5%
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Offline santaclause102

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Re: Negative Post about Bitshares
« Reply #16 on: August 19, 2014, 09:11:31 am »
The blog post was not very informed of course.
But I think it is provoked by too steep claims (With an effective yield on BitUSD of 20% per year you must compare it against other USD investments, such as lending it to the bank at 3% per year).
People find things suspicious that are too good to be true. And that is a healthy reaction in almost all cases. 
We can learn something from it too.
« Last Edit: August 19, 2014, 09:22:31 am by delulo »

Offline fuzzy

Re: Negative Post about Bitshares
« Reply #17 on: August 19, 2014, 11:00:19 am »
it has become imperative that we create bitMarmot as soon as possible, and peg it to the actual real world value of a live marmot.

lol...so glad to have posted this. 
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Offline luckybit

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Re: Negative Post about Bitshares
« Reply #18 on: August 19, 2014, 03:25:08 pm »
ttp://prestonbyrne.com/2014/08/17/dont-walk-away-run/

Perhaps  some food for thought.  I'll leave it up to you guys to read and begin the conversation though---school time for me :P

That is more than negative, it's an assault on the foundation of Bitshares. They are attacking the most fundamental part of the design.

In my opinion it shouldn't be given a response. You'll only make the blog more popular by responding to it. Just counter it with a good blog which has positive things to say and then win the SEO battle.
« Last Edit: January 25, 2015, 08:43:17 pm by vikram »
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Offline thisisausername

Re: Negative Post about Bitshares
« Reply #19 on: August 19, 2014, 06:05:42 pm »
The blog post was not very informed of course.
But I think it is provoked by too steep claims (With an effective yield on BitUSD of 20% per year you must compare it against other USD investments, such as lending it to the bank at 3% per year).
People find things suspicious that are too good to be true. And that is a healthy reaction in almost all cases. 
We can learn something from it too.

This!  This!!

The linked blog post is a case-study in how we're not getting through to everyone we could be.
Pjo39s6hfpWexsZ6gEBC9iwH9HTAgiEXTG

Offline AdamBLevine

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Re: Negative Post about Bitshares
« Reply #20 on: August 19, 2014, 07:08:06 pm »
Read this thread (including that article) from the perspective of someone new to Bitshares and you'll see a community that spends way more time making fun of or insulting the author but either doesn't know or can't make a single refutation of... anything... except by bytemaster saying that he makes different assumptions. 

His concerns may very well be uninformed, but if that's the case it seems all the more urgent to explain why he is wrong both for his knowledge and the betterment of the communities understanding of the highly complicated mechanisms at work behind market created bitassets.  Some humility and due-dilligence might also be in order given the tech he's questioning and you're defending are still totally unproven to work even as we assume they will.
Email me at adam@letstalkbitcoin.com

Offline tonyk

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Re: Negative Post about Bitshares
« Reply #21 on: August 19, 2014, 07:12:27 pm »
Read this thread (including that article) from the perspective of someone new to Bitshares and you'll see a community that spends way more time making fun of or insulting the author but either doesn't know or can't make a single refutation of... anything... except by bytemaster saying that he makes different assumptions. 

His concerns may very well be uninformed, but if that's the case it seems all the more urgent to explain why he is wrong both for his knowledge and the betterment of the communities understanding of the highly complicated mechanisms at work behind market created bitassets.  Some humility and due-dilligence might also be in order given the tech he's questioning and you're defending are still totally unproven to work even as we assume they will.

Do you find it a good practice to first write an article and then ask for input on things you do not understand?
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline AdamBLevine

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Re: Negative Post about Bitshares
« Reply #22 on: August 19, 2014, 07:15:12 pm »
Read this thread (including that article) from the perspective of someone new to Bitshares and you'll see a community that spends way more time making fun of or insulting the author but either doesn't know or can't make a single refutation of... anything... except by bytemaster saying that he makes different assumptions. 

His concerns may very well be uninformed, but if that's the case it seems all the more urgent to explain why he is wrong both for his knowledge and the betterment of the communities understanding of the highly complicated mechanisms at work behind market created bitassets.  Some humility and due-dilligence might also be in order given the tech he's questioning and you're defending are still totally unproven to work even as we assume they will.

Do you find it a good practice to first write an article and then ask for input on things you do not understand?

Given he extensively cited Bytemaster, linked to the bitshares whitepaper and seemed to have a better understanding of Bitassets than about 99% of people I know in Bitcoin, I'm pretty sure he thinks he understands it. Did you not get that impression?
Email me at adam@letstalkbitcoin.com

Offline bytemaster

Re: Negative Post about Bitshares
« Reply #23 on: August 19, 2014, 07:17:32 pm »
Read this thread (including that article) from the perspective of someone new to Bitshares and you'll see a community that spends way more time making fun of or insulting the author but either doesn't know or can't make a single refutation of... anything... except by bytemaster saying that he makes different assumptions. 

His concerns may very well be uninformed, but if that's the case it seems all the more urgent to explain why he is wrong both for his knowledge and the betterment of the communities understanding of the highly complicated mechanisms at work behind market created bitassets.  Some humility and due-dilligence might also be in order given the tech he's questioning and you're defending are still totally unproven to work even as we assume they will.


Do you find it a good practice to first write an article and then ask for input on things you do not understand?

Given he extensively cited Bytemaster, linked to the bitshares whitepaper and seemed to have a better understanding of Bitassets than about 99% of people I know in Bitcoin, I'm pretty sure he thinks he understands it. Did you not get that impression?

Some of his quotes were not cited and are wrong (or out of context).   It is true that education needs to be improved.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline AdamBLevine

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Re: Negative Post about Bitshares
« Reply #24 on: August 19, 2014, 07:20:25 pm »
Read this thread (including that article) from the perspective of someone new to Bitshares and you'll see a community that spends way more time making fun of or insulting the author but either doesn't know or can't make a single refutation of... anything... except by bytemaster saying that he makes different assumptions. 

His concerns may very well be uninformed, but if that's the case it seems all the more urgent to explain why he is wrong both for his knowledge and the betterment of the communities understanding of the highly complicated mechanisms at work behind market created bitassets.  Some humility and due-dilligence might also be in order given the tech he's questioning and you're defending are still totally unproven to work even as we assume they will.


Do you find it a good practice to first write an article and then ask for input on things you do not understand?

Given he extensively cited Bytemaster, linked to the bitshares whitepaper and seemed to have a better understanding of Bitassets than about 99% of people I know in Bitcoin, I'm pretty sure he thinks he understands it. Did you not get that impression?

Some of his quotes were not cited and are wrong (or out of context).   It is true that education needs to be improved.

Can someone on your team who isn't you take the time to respond to the article explaining why he's wrong?   As you know, I've always been confused by Bitassets for basically the same reasons he is, and continue to think your major innovative contribution is Protoshares which was the first token that gave people another token.   

I'm sure my understanding as well as his would benefit from a meaningful and point by point response to this article.
Email me at adam@letstalkbitcoin.com

Offline bytemaster

Re: Negative Post about Bitshares
« Reply #25 on: August 19, 2014, 07:24:49 pm »
Quote
continue to think your major innovative contribution is Protoshares which was the first token that gave people another token.   

I don't know whether I should be offended by that or not  :o  Given TITAN + DPOS + RoboHash + BitAssets...

Lets watch this week as it goes live and people can experience it.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline tonyk

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Re: Negative Post about Bitshares
« Reply #26 on: August 19, 2014, 07:29:07 pm »
I'm pretty sure he thinks he understands it. Did you not get that impression?


Operative word 'thinks'(as in believes), which apparently gives him the right to put his inner anger in semi-decent piece of writing.

And No, I do not find any value in reputing every word somebody decides to put out there, especially if the main focus of the author is to show us how great he is in proving his own statements.

[EDIT]
I am not connected to III in any way shape or form, so I promise everybody who comes here and asked to get the truthful answer to the best of my ability and understanding. And this includes which part of the system are indeed tests of certain theories. And why they are believe/hoped/expected to work.

« Last Edit: August 19, 2014, 07:37:47 pm by tonyk »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline yellowecho

Re: Negative Post about Bitshares
« Reply #27 on: August 19, 2014, 07:34:18 pm »
Quote
continue to think your major innovative contribution is Protoshares which was the first token that gave people another token.   

I don't know whether I should be offended by that or not  :o  Given TITAN + DPOS + RoboHash + BitAssets...

Apparently Adam thinks PTS is more innovative than TITAN or DPOS  ??? ::)
696c6f766562726f776e696573

Offline AdamBLevine

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Re: Negative Post about Bitshares
« Reply #28 on: August 19, 2014, 07:37:39 pm »
I'm pretty sure he thinks he understands it. Did you not get that impression?


Operative word 'thinks'(as in believes), which apparently gives him the right to put his inner anger in semi-decent piece of writing.

And No, I do not find any value in reputing every word somebody decides to put out there, especially if the main focus of the author is to show us how great he is in proving his own statements.

Do you understand Bitassets?
Email me at adam@letstalkbitcoin.com

Offline gamey

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Re: Negative Post about Bitshares
« Reply #29 on: August 19, 2014, 07:39:51 pm »
Wow.  After reading this I bothered to actually read the referenced post.  I couldn't get past point 3-4 because the author already lost me because it is so amateurish.

It is quite caustic and obviously not written to engage anyone in a sincere discussion.    Reply to it ?  Really???

There was a blog post that was well written in its criticisms of DPOS/Bitshares and I remember Toast actually praising it.  The suggestion that this one thread is indicative of the whole community... I do not know where to begin.

There is the whole "don't lower yourself to their level" idea.

If Adam is a sincere person he'll point out specifically what points are of interest to him, and not suggest the whole thing seems authentic in some way. 

We'll see.... 
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