Topic: [ANN] BitShares 2.0 - page 39. (Read 153062 times)

We have to say thank you to BitShares "supporters" DecentralizeEconomics and Newmine who created 8 from 10 threads about BitShares.

I'm sad, I hear what you are saying and I disagree. You should always think about the why and how to look into future past, what you say makes no sense whatsoever.

This is indeed a general altcoin discussion thread, the sheer numbers of trolls and FUDing can guarantee you that!

Maybe we should make an "aesthetic" change to [NEWS], [UPD], [UPG] but then again maybe not, because I find it a bit strange that Crestington did't pay attention to similar threads in the top 5 pages, dating back to 2013 and yet he speaks about "bad precedent" and "special treatment" to BitShares.

The only reason why Bitshares has ANY marketcap at all is because they use disingenuous tactics.

I'm just curious... how many brownie bucks are you going to get for this post?

I like that you think that I think Bitshares is bad, I don't think I can recall mentioning Nxt.

people, that is why nxt is below bts in marketcap because of shills like ^^.. Btw you have something green on your nose there.

All these threads are Stan's lame attempts to pump his overtly transparent wealth redistribution scheme.  All the new threads he creates are moderated because he doesn't want other people posting anything critical that would dissuade any new victims he might lure in.  He and Dan go around touting the "freedom of Bitshares" all while obstructing freedom of speech.  It's gotten so bad that they now have to bribe people to post positive things about Bitshares and if these "supporters" step out of line, they confiscate the bribes.  Stan maybe you can explain to us how that wealth confiscation works exactly.  Have you actually brainwashed these individuals into handing over their private keys?

Yeah but you have like 10 threads and it's title names it as an announcement thread when there is an announcement section for official announcers. Does the title itself set a bad precedent?

Well, we did announce an upgrade to our "altcoin" here.

Since then, we've been using this thread as a place to inform and discuss everything about what we've got going on.

So do you judge the thread by the OP title or the Sum of all Posts collectively?

Seems like a classic  "Altcoin Discussion" to me... 

Shouldn't this belong in the Announcement section? Does Bitshares get preferential treatment?

Why not stop by and ask your own questions at the BitShares weekly global press conference?

BitShares representatives Adam Ernest and Max Wright are meeting with the President of Lieberland today.

At the core of everything sits the Cryptonomex web wallet with built-in decentralized exchange and financial products factory which will be hosted on partner sites.  This provides the standard back end (market order books and trading engine, etc.) and front end (hosted web wallet that looks like a familiar exchange.)

It also provides built-in interfaces to other leading coins and partner-supplied financial products and services.

Fiat can enter/exit the system via any member with the proper licenses who can buy/sell any asset on the BitShares exchange that they like from their own inventory of SmartCoins and Exchange Issued Assets.  They can even sell assets issued by other partners if they want to.  Just like selling books on Amazon - from inventory in their own wallet accounts.  

So customers can choose between bitDash or CCEDKdash on the network or actual Dash in CCEDK inventory on their dash wallet.  (Of course the CCEDKdash UIA on the bitshares network is essentially nothing but a claim on the actual Dash in the CCEDK wallet and is only as good as their counterparty promise to redeem it.)  Users get the choice whether to take that risk or pay to move into the BitShares bitDash market pegged asset to be counterparty free.  Or they could choose the CCEDK private pegged asset which only trusts CCEDK to publish a price feed not to hold the currency itself.  In practice, other exchanges will offer similar choices and all will trade with slight premiums or discounts based on perceived risk and reputation of each issuer.


Once a user has those assets, they can trade them with no further counterparty risk on the decentralized exchange - interacting with users from every partner on the network.

So, as you have just seen and will soon see again (cue the dark mystery music), businesses who are not exchanges can join our network and instantly have a basic exchange and wallet built in (just like a typical shopping cart is built in) and integrated with their industry-specific business processes.  


Then each partner/industry gets to customize it as much as they want, including:

• Making simple branding or "white label" changes with logos and color schemes.
• Adding in GUI elements to present extra site-unique tools and features.
• Linking between these GUI elements to custom business logic between the BitShares wallet and other coin wallets or the APIs of other fiat payment services and partners.
• Implementing their own assets and financial products using the tools provided by BitShares for which they get their share of the fees associated with those products
• Implementing their own unique customer support services and loyalty programs.
• Implementing their own unique customer acquisition strategies competing to sign up BitShares users.
• Implementing their own unique strategies to train and up-sell customers into using more services for which they are entitled to their share of the fees from the whole network for every customer they signed up.
• Negotiating their own deals to bring other partners into the mix - like CCEDK did with Bit-X.

Example:  A worker in Omaha feeds some of his paycheck dollars into a Peak Ventures ATM machine and one second later his wife in Tijuana buys groceries with it using her CCEDK Nanocard.  

The use cases of all the newly available seamless partner integrations are mind-boggling.

Everybody wins:
The issuer of an asset   gets the fees from   the use of that asset      by everybody else's users.
The recruiter of a user   gets the fees from   the use of the network   for everybody else's products.

... and we all benefit from greater economic volume - which itself attracts more users and service providers.

So, bottom line:

• Network members compete to win and retain customers - usually drawn from completely different demographics.
• Our affiliate incentive program gives them credit for everything those customers do on the whole network - by introducing them to products and services offered by other network partners.
• They gain by having their own products and services marketed to the customers of other network members.
• They gain by sharing market depth and liquidity in a single global marketplace.
• They gain by sharing in the "unhackable" and "transparent" set of order books that protect the consumers for the first time from exchange counterparty risk.

This changes everything.

You've got something brown on your nose there...

Finally a way in which I can follow the hangouts. I didn't have the time to listen through the whole of them.

Here's a nicely done transcript from a recent weekly "press conference" Dan did.
It's a way to quickly skim one to see if you might like to listen in on a regular basis.

June 12 Hangout Transcript

Outline below, full transcript above.

BYTEMASTER UPDATES

1:54 Bytemaster Introduction
2:18 On Fees
3:45 Referral Cash-Back Vesting
5:20 Destination name in Transactions
5:55 Burning
7:20 Burn-worker Terminology
8:55 Burn-workers are voted positions?
9:20 Why burn-workers? Budget Items
12:00 Reserve Pool Daily Limit
12:56 Suggestion: Emergency Reserves
15:00 On the Burn Address
18:10 Summary

COMMUNITY QUESTIONS

18:50 Will you work more on the business side of thing from now on?
20:30 Relation between Cryptonomex, Graphene, BitShares?
22:00 Who will be looking after BitShares?
23:10 Is it possible to have privacy in DPOS 2.0?
26:20 Philosophy of Privacy
28:10 Funding Privacy on BitShares
28:40 Elements and Scalability
29:35 Proof of work and scalability
32:00 Bitcoin blocksizes and transaction fees
32:35 Migration from TITAN to BitShares 2.0
33:50 Referral program and wallet providers
35:40 Wallet providers charging fees?
36:00 What about referrals before BitShares 2.0?
38:00 Free lifetime membership for those who referred up to June 8th?
39:00 What about Keyhotee Funders?
40:00 Who gets referral for migration?
42:00 How is the share-distribution for Cryptonomex?
44:00 BitShares and Graphene Distinction?
45:00 Press Releases
46:00 How close are BitShares and Cryptonomex?
47:05 Privacy and Referrals
48:30 Can a referral be swapped?
49:15 Transfer accounts, even lifetime membership
49:00 What are smart-chains?
50:40 Commission for referring projects to Cryptonomex
54:30 Faucet for marketers?
55:35 Open positions at Cryptonomex?
56:00 Opportunities for headhunters?

Are you a delegate?

Was funded by delegate pay... Power of dpos

Thanks.