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Offline by kevinwong

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· @kevinwong · (edited)
$104.30
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vote details (420)
@ash ·
$0.04
this would be a prime example as-a-usecase on bitshares.
👍  
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vote details (1)
@kevinwong ·
How so? Especially to make the user experience low-barrier, easy. Thinking about the process flow and tech stacks..
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@blysards ·
$0.05
I will also create an DAA on iconomi.net, I hope that I will manage the future fortunes of Steemit. ;)
👍  ,
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vote details (2)
@kevinwong ·
Please do when the time comes :) play it like a game and let's see what happens!
👍  
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vote details (1)
@chrisaiki ·
$0.07
Do not forget to add some AI in this project, for the perfect recipe.
A fund in steem with a good return on investment would be one of the best marketing tool to promote steemit !
👍  
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vote details (1)
@kevinwong ·
Haha.. an uncle of mine gave the same input about AIs. Yes i would machine learning will be part of it and fund in steem can definitely add a utility on the platform that most ppl will use..
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@clains ·
$0.05
yeeees. :)
👍  ,
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vote details (2)
@kevinwong ·
Is it something that can easily be achieved in steem/bts? not sure bout the graphene landscape..
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@clains ·
$0.20
Graphene is ideally suited for this. the main problem is getting lots of decentralized assets on a single platform with lots of liquidity. the race is on with ethereum, iconomi, melon, TaaS, etc. here are some of the assets BitShares could offer right now:

- Gateway IOUs (like open.USD, open.BTC)
- Crypto-stocks (like Blockpay and OBITS)
- Smartcoin derivatives (pegged to price feeds like USD gold, oil, apple, btc)
- Index-assets (top20 crypto, top20 dopecoins, top 5 stealthcoins, etc.)
- Prediction market assets (augur and gnosis might beat BTS to it)
- Other exotic crypto-assets  (probably a lot of good ideas hiding in this category)

Everyone wants to trade where there are the most crypto-assets with the most liquidity. a blockchain based fund makes sense in conjunction with enabling enough assets and liquidity on that blockchain to make it interesting. The time is definitely now.. not sure how to approach it.
👍  ,
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vote details (2)
@ebook-wizard ·
Good job @kevinwong
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@eric-boucher ·
$0.02
I can't wait to see some results of this idea take shape, keep us informed as I would most possibly want to partake to the projects as well. The ideas seem sound and filled of potency! 

As I read through the comments down below, there are a lot of people sharing in these thoughts already.   All for one and one for all!   Namaste    :)
👍  
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vote details (1)
@justtryme90 ·
$0.07
I think this is a great Idea, and one which could bring significant value to the steem ecosystem. Both for the currency itself as well as the steem using/steemit community.
👍  ,
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vote details (2)
@kevinwong · (edited)
Would you use such a service? I think social-asset-management and flowy-delegation will do wonders.. well at least with the volatility and potential of cryptos..
👍  ,
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vote details (2)
@justtryme90 · (edited)
Would I use a service that would function like an investment fund which generates STEEM for me and supports other crypto ventures at the same time? Of course I would. It would need strong book keeping, and a high degree of transparency but yeah seems like a great product that nobody is currently even considering.
👍  , ,
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vote details (3)
@virtualgrowth ·
Be happy to provide some sort of service related to this idea of social-asset-management to anyone interested as I am currently working with about half a dozen people and their own UIAs.
👍  
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vote details (1)
@vitality ·
I would too. Yeah, it will definitely be a powerful and useful tool. We need technological basis for development as I wrote above, or some implementation at the Steemit level.
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@kingscrown ·
$0.07
wow this would be amazing man
👍  , ,
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vote details (3)
@kevinwong ·
oh wow if @kingscrown is interested then it should be a decent trading/investing function idea.. :D
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@kwakuosei ·
$0.18
Hey @kevinwong! @robrigo told me about you and about this post - would love to find a time to talk with you about a project I think you'd very much like if you're open!
👍  
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vote details (1)
@kevinwong ·
Hi @kwakuosei. I'm on steemit.chat with the same username. Would love to have a chat :)
👍  
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vote details (1)
@liondani · (edited)
Other related projects that seems promising are:
https://ico.ethbits.com/
https://melonport.com/
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@madelinesanchez ·
Very good blog. Same mindset here. We really need more insights in the (ICO) market and previous investment results (even though they don't deliver any guarantee for the future). This is quite an interesting website I found:  https://www.coincheckup.com If you want to know more about the: team, product, communication transparency, advisors and investment statistics on every crypto then this is your go to platform.
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@mammasitta ·
Go for ! I would use it ! Great ideas here Kevin
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@maxtill94 ·
NEVERDIE ICO is LIVE. 
The first block chain based Virtual Reality gaming crypto! NEVERDIE coin will allow monetizing the game items in real cash economy game Entropia Universe. NOW game player can cash out their in-game money earned by playing game and can exchange NEVERDIE coin with other ERC20 tokens such as Gnosis, Golem, and Frist Blood.
https://steemit.com/ico/@maxtill94/nevedie-ico-full-analysus-why-you-should-buy-neverdie-coin-gaming-cryptocurrency-coin-comparision-with-gamecredit-mobilego-first
![네버다이 영어이미지.PNG](https://steemitimages.com/DQmUCtSap1yabosCfXNWRPVSz8QEX5fRHDn8DD3TLYBwH5q/%EB%84%A4%EB%B2%84%EB%8B%A4%EC%9D%B4%20%EC%98%81%EC%96%B4%EC%9D%B4%EB%AF%B8%EC%A7%80.PNG)
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@meesterboom ·
$0.03
That sounds like a really cool and doable idea!
👍  ,
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@kevinwong ·
Well, if "fund managers" generally make good trades / investments. Otherwise.. everybody's gonna bang their heads on the wall xD
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@meesterboom ·
Hahah, the disclaimer would have to be writ large!
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@olga.maslievich ·
Great work @kevinwong!  My greeting!
👍  ,
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@kevinwong ·
thank you @olga.maslievich! :)
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@shadowspub ·
$0.02
http://i.imgur.com/SsfejKK.jpg
Hi @kevinwong, I just stopped back to let you know your post was one of my favourite reads and I included it in my Steemit Ramble. [You can read what I wrote about your post here.](https://steemit.com/curation/@shadowspub/apr-16-steemit-ramble-95-don-t-you-hate-missing-good-posts)
👍  , ,
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vote details (3)
@kevinwong ·
Thanks @shadowspub! It's been awhile :D
👍  
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@shadowspub ·
It has.... where you been :)
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@virtualgrowth ·
$0.08
Great idea I have been thinking about some.  Think we still need some smart contract possibility.  However with bitshares there are numerous functions to help us see the potential possibility.  My VIRGROW token on bitshares is virtually growing into some diverse collection of major crypto and steem related (UIA) assets as I think how I may combine some of my ideas with one you have mentioned that I believe people may be interested in.
👍  , ,
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vote details (3)
@kevinwong ·
Hmm how is the UIA working. I need to read more into that.. very interesting! So that's what you've been up to!
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@virtualgrowth ·
Yes that is what I have been up to.  Be more than happy to converse with you about it if interested.  It is has led to [this type of post](https://steemit.com/bitshares/@virtualgrowth/bts-asset-market-update-4-16-and-giveaway-for-4-23) most days lately along with working with people here and there.
👍  
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vote details (1)
@vitality · (edited)
$0.07
The convenient financing of new projects for Steemit can be very relevant. When transferring money, immediately receive a bonus or a percentage of the stake.
This can become possible, as I understand it, on the platform that @dan began to develop (integration of Steemit with new Dan's project and its smart contracts under Graphen base)
👍  
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vote details (1)
@vitality ·
$0.07
What about cross-blockchain exchange, we will see many projects in this field soon.  Cosmos for example.
👍  
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vote details (1)
@kevinwong ·
I really need to read up on Cosmos. But it's preferable to make do with what's existing at the moment :)
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@voronoi ·
$0.18
Great thinking Kevin. I think that pooling these *micro-seed-investments* under an umbrella of delegated community members could have a huge impact. The zero transaction fee and 3 second block time should be reason enough to implement something like this...
👍  , , ,
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vote details (4)
@kevinwong ·
>I think that pooling these micro-seed-investments under an umbrella of delegated community members could have a huge impact. The zero transaction fee and 3 second block time should be reason enough to implement something like this...

You added more sense in that short sentence.. I think we could play around with this idea and come up with some service/product that seems natural to steem itself (check out zurvanic's response and mine in top comment).
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@zurvanic ·
$0.46
An interesting idea... I'll be curious how you take it to fruition.

For perspective, related competitor services are ICONOMI (an ETF maker), Melonport (for hedge fund management), Taas (Creating their investing terminal), and Aragon (Decentralized companies and jurisdictions).

Santiment is different, it's more like a bloomberg + info market for crypto. I would know, I'm on the team. It's synergistic, not competitive, with actual fund management.

I think you hit on a really interesting idea with the community function. That's something that hasn't really be done before; The closest thing to it would be Numeraire, but what you're describing with communities and delegating funds is superior by an order of magntitude.

Hypothetically you could have pseudo-DAO community funds, where people list their case and the investments they think the fund could create. A crowdsourced index fund or VC, if you will. Would I join one of those? Sure, I'd join a whole bunch of those and hedge my bets on different strategies.

As a platform, you could take a % of all fund transactions, say 0.2% for monetization. That would add up fast.

Anyways, like I said, I'll be curious how you take this to fruition. It seems like a very appropriate use of Steem as infrastructure. Also, I followed you. :)
👍  , , , , ,
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vote details (6)
@kevinwong ·
$0.37
> An interesting idea... I'll be curious how you take it to fruition.

I've no idea lol.  Been generating plenty of ideas but I find it difficult to even start developing any working prototype myself. I find my limited experience developing close to a decade ago too dated for today's simple, effective MVPs. Tech stacks and best practices - I guess I'm putting this out there in hopes for real proper devs to consider this **friction-less method of trading and investing through social communities**. 

Effective marketing is largely emotional in nature and trust is now beginning to shift to p2p networks. Recently listening in on the SEC's Disclosure Effectiveness Summit, they were talking about a lack of innovation in improving disclosure for retail-banking consumers. Also not an expert in financial services (regulated or not), so I'm not sure what the STEEM social framework may even innovate in this space. But I'm digressing here.. 

> For perspective, related competitor services are ICONOMI (an ETF maker), Melonport (for hedge fund management), Taas (Creating their investing terminal), and Aragon (Decentralized companies and jurisdictions).

Are they necessarily competitors if they're also digital assets and platforms that may be part of SEED? I may be stretching it but this is how confused I am with this "new economy".

>I think you hit on a really interesting idea with the community function. That's something that hasn't really be done before; The closest thing to it would be Numeraire, but what you're describing with communities and delegating funds is superior by an order of magntitude.

Not sure if I understand numer.ai. Is it right to say they're using cryptography to secure the (private) data of the hedge fund, while enabling anyone to develop machine learning algorithms to improve it?

>Hypothetically you could have pseudo-DAO community funds, where people list their case and the investments they think the fund could create. A crowdsourced index fund or VC, if you will.

There are a few ways that I could think of, but yes, the spirit of it is through social deliberation.

> Anyways, like I said, I'll be curious how you take this to fruition.

I'm rather inexperienced in assembling tech projects.. but it's something that I'm trying to learn about.
👍  , , , , , , , , , , , , ,
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vote details (14)
@zurvanic ·
$0.11
Hi @kevinwong

Maybe it'd be better focus down on what's achievable. Rather than build something big, just build it in parts.

The key feature seems to be the community coordination and decision-making one. The other parts flow from that. Let's model these components out:

1. Community coordination mechanism
2. Smart contract & transparency mechanism

Both parts are a little tricky. But one is achievable now, the other (smart contracts) has some barriers, partly due to the difficulties of handling exchanges accounts and non-standardized tokens.

If you're serious about doing this, I'd recommend building the crowdsourcing collaboration tools first. You'll need a way of gathering and organizing the crowds responses, and a means of voting. It's fine if it's centralized, and can decentralize later.

Additionally we'll need such a tool in the Steem community for crowdsourcing generally, so it'll perform a duel function, since the process for deciding which assets to invest in will be the same as organizing a community around any set of actions.

That's where I'd start, and I'm certain there are people in the community who would help you make that happen. Then you could build on that experience for the next application of the technology, be that the fund aspect or something else.
👍  ,
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