Delayed Credits Feature of DCS Bitcoin Wallets

[redeemon]

All I have to say to that is.....AMAZING AND WELL DONE!!!!

Same here, thank you Mistaphi for all the information details and Digi-Sol for the on point questions to clarify!

[redeemon]

Thanks Mista Phi for the continued development.

In my opinion, I prefer the 30 days Marketplace buy limit. It was a beautiful eco-system synergy ensuring that you are actively buying in the marketplace if you wanted to also take advantage of this new feature. AND just like in your 1st demo, you had to go into the marketplace to purchase another amount in order to get your Delayed Credits buy of 0.0001 BTC. This forces/encourages Marketplace activity continuously. Removing the 30 days feature overtime, it will be less of an encouragement to be active in the marketplace because your buying is accumulative and it won't be that much of a restriction to purchase Delayed Credits.

Just my two cents.

Excellent assessment Digi-Sol and duly noted... What you just described is exactly what I was originally thinking, but I'm glad that I had enough foresight to design the system in a way that allows me to easily adjust the number of days. In this case, I changed it to 3650 days (10 years). But why the change? After using the feature as an end user, it occurred to me that 30 days may be too restrictive. So as the dev and an active user, I'll elaborate on why.

1) From my own personal perspective as a long-term user of the platform, it makes sense that I am rewarded for the contributions that I've historically made to the protocol by purchasing Credits from the marketplace. And considering that I have over 2.5K dollars worth of Credits that I have to wait on to convert (opting not to sell in the marketplace), I don't think it's fair that I have to buy even more credits to enjoy the benefits of the Delayed Credits feature.

2) If I stop buying Credits in the marketplace and continue buying Delayed Credits, I'll eventually use up my purchase allocation and be required to purchase more credits from the marketplace again. So the current requirement will still drive engagement to the marketplace, especially as users realize the earning capabilities of the Delayed Credits feature. Furthermore, too much demand in the marketplace could potentially dry up all of the offers for sale (as you thoughtfully inquired about earlier).

3) MOST IMPORTANT: Remember that the Delayed Credits feature also opens the door to external revenue for the ecosystem and as such, we don't want to overly restrict access to users that are interested in participating.

So I'm thinking that the removal of the 30-day window will prove to be a more opportune play for everyone. There are so many features & strategies at this point that many may not even realize the benefits of such feature for a while, so I don't think we should make things difficult for those of us that that do.

Really appreciate your feedback and love how we're able to put our heads together and discuss different perspectives. In this particular case, the info you've mentioned already crossed my mind for the original design. But after considering the info above, I'd love to hear if the arguments were sufficient to change your perspective. If not, let's share more perspectives and if we don't agree, we can put it up for a vote. In the end, information gathering always helps with making smarter decisions, so my brain is always open.

Appreciate u bro, now check out this video :)

Great explanation, imho I prefer the newer config to use all previous credits as the entry so this can still be incentives to start today and continue marketplace engagement!
Looking forward to next month when the first rewards start returning!

[Digi-Sol]

Thanks Mista Phi for the continued development.

In my opinion, I prefer the 30 days Marketplace buy limit. It was a beautiful eco-system synergy ensuring that you are actively buying in the marketplace if you wanted to also take advantage of this new feature. AND just like in your 1st demo, you had to go into the marketplace to purchase another amount in order to get your Delayed Credits buy of 0.0001 BTC. This forces/encourages Marketplace activity continuously. Removing the 30 days feature overtime, it will be less of an encouragement to be active in the marketplace because your buying is accumulative and it won't be that much of a restriction to purchase Delayed Credits.

Just my two cents.

Excellent assessment Digi-Sol and duly noted... What you just described is exactly what I was originally thinking, but I'm glad that I had enough foresight to design the system in a way that allows me to easily adjust the number of days. In this case, I changed it to 3650 days (10 years). But why the change? After using the feature as an end user, it occurred to me that 30 days may be too restrictive. So as the dev and an active user, I'll elaborate on why.

1) From my own personal perspective as a long-term user of the platform, it makes sense that I am rewarded for the contributions that I've historically made to the protocol by purchasing Credits from the marketplace. And considering that I have over 2.5K dollars worth of Credits that I have to wait on to convert (opting not to sell in the marketplace), I don't think it's fair that I have to buy even more credits to enjoy the benefits of the Delayed Credits feature.

2) If I stop buying Credits in the marketplace and continue buying Delayed Credits, I'll eventually use up my purchase allocation and be required to purchase more credits from the marketplace again. So the current requirement will still drive engagement to the marketplace, especially as users realize the earning capabilities of the Delayed Credits feature. Furthermore, too much demand in the marketplace could potentially dry up all of the offers for sale (as you thoughtfully inquired about earlier).

3) MOST IMPORTANT: Remember that the Delayed Credits feature also opens the door to external revenue for the ecosystem and as such, we don't want to overly restrict access to users that are interested in participating.

So I'm thinking that the removal of the 30-day window will prove to be a more opportune play for everyone. There are so many features & strategies at this point that many may not even realize the benefits of such feature for a while, so I don't think we should make things difficult for those of us that that do.

Really appreciate your feedback and love how we're able to put our heads together and discuss different perspectives. In this particular case, the info you've mentioned already crossed my mind for the original design. But after considering the info above, I'd love to hear if the arguments were sufficient to change your perspective. If not, let's share more perspectives and if we don't agree, we can put it up for a vote. In the end, information gathering always helps with making smarter decisions, so my brain is always open.

Appreciate u bro, now check out this video :)

Well there you have it. With more insight and information brings more clarity. With your answer I completely support the change as with your frame of reference it makes it far more superior and long-term sustainable. I like the way your mind works and glad we could hash it out.

[mistaPhi]

The Delayed Credits feature is currently offline due to connectivity issues with the dex-trade exchange.

Once dex-trade is back online, the Delayed Credits feature will automatically be enabled as well.