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Offline luckybit


Quote
Peter Todd
[email protected]
Regulators would be smart to shutdown Counterparty, a non-IPO'd currency req'd for tech reasons, and force the insecure 2-way-peg sidechains
Quote
Peter Todd [email protected]  5h5 hours ago
@coolbearcjs Rumour is that the SEC and others will be fining/maybe even jailing many players in the BTC crowd funded space.

https://twitter.com/petertoddbtc/status/524947758528999424
« Last Edit: October 22, 2014, 08:59:32 PM by luckybit »
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Offline Method-X

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Re: Peter Todd: "Regulators would be smart to shutdown Counterparty"
« Reply #1 on: October 22, 2014, 09:01:34 PM »
I wonder if this was one of the reasons for bytemasters recent push to allow a DAC to self fund itself. Would make an awful lot of sense through that lens.

Offline luckybit

Re: Peter Todd: "Regulators would be smart to shutdown Counterparty"
« Reply #2 on: October 22, 2014, 09:16:54 PM »
I wonder if this was one of the reasons for bytemasters recent push to allow a DAC to self fund itself. Would make an awful lot of sense through that lens.

Is the SEC vulnerable to regulatory capture?

https://www.reddit.com/r/Bitcoin/comments/2k055g/regulators_would_be_smart_to_shutdown/clgqvxr
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Offline xeroc

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Re: Peter Todd: "Regulators would be smart to shutdown Counterparty"
« Reply #3 on: October 22, 2014, 09:19:33 PM »
I wonder if this was one of the reasons for bytemasters recent push to allow a DAC to self fund itself. Would make an awful lot of sense through that lens.
*agreed* ..

the next few days will stay exciting .. I guess ..

I already lost my sleep .. so thing to loose at that end :)
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Offline jsidhu

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Re: Peter Todd: "Regulators would be smart to shutdown Counterparty"
« Reply #4 on: October 22, 2014, 09:20:45 PM »
I wonder if this was one of the reasons for bytemasters recent push to allow a DAC to self fund itself. Would make an awful lot of sense through that lens.

Like I said all of the decisions are seemingly looking good in hindsight... almost prophetic. I invested in these decisions not in technology because tech is equivalent but decisions will take the right tech way beyond competition.
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Offline Method-X

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Re: Peter Todd: "Regulators would be smart to shutdown Counterparty"
« Reply #5 on: October 22, 2014, 09:21:34 PM »
I wonder if this was one of the reasons for bytemasters recent push to allow a DAC to self fund itself. Would make an awful lot of sense through that lens.
*agreed* ..

the next few days will stay exciting .. I guess ..

I already lost my sleep .. so thing to loose at that end :)

You and me both xeroc! It's exciting though.

Offline xeroc

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Re: Peter Todd: "Regulators would be smart to shutdown Counterparty"
« Reply #6 on: October 22, 2014, 09:24:50 PM »
Like I said all of the decisions are seemingly looking good in hindsight... almost prophetic. I invested in these decisions not in technology because tech is equivalent but decisions will take the right tech way beyond competition.
lol .. that guys just said the tech is 'equivalent'?

- DPOS
- TITAN
- 5sec block intervall
- voting on the blockchain
- short on the blockchain
- market peg
- need more?

I am in for the TECH .. not the money :)
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Offline bytemaster

Re: Peter Todd: "Regulators would be smart to shutdown Counterparty"
« Reply #7 on: October 22, 2014, 09:47:00 PM »
I wonder if this was one of the reasons for bytemasters recent push to allow a DAC to self fund itself. Would make an awful lot of sense through that lens.

Like I said all of the decisions are seemingly looking good in hindsight... almost prophetic. I invested in these decisions not in technology because tech is equivalent but decisions will take the right tech way beyond competition.

Yes... self funding DACs was heavily motivated by regulatory issues with crowd funding.
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Offline donkeypong

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Re: Peter Todd: "Regulators would be smart to shutdown Counterparty"
« Reply #8 on: October 22, 2014, 09:50:42 PM »
Sorry, but Todd's tweet is hilarious.

Offline jsidhu

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Re: Peter Todd: "Regulators would be smart to shutdown Counterparty"
« Reply #9 on: October 22, 2014, 10:05:53 PM »
Like I said all of the decisions are seemingly looking good in hindsight... almost prophetic. I invested in these decisions not in technology because tech is equivalent but decisions will take the right tech way beyond competition.
lol .. that guys just said the tech is 'equivalent'?

- DPOS
- TITAN
- 5sec block intervall
- voting on the blockchain
- short on the blockchain
- market peg
- need more?

I am in for the TECH .. not the money :)

You don't get it.. anyone can fork.. NXT has other features BTS doesn't have... counterparty has others... you never invest in technology its mostly priced in at this point but you invest in the people who bring you those technologies... and if it becomes a self-fulfilling technology like the self-funding DAC then that is an ever more important feature that once priced in might prove to be the best feature yet ... or worst if there are no takers   (why? because no regulatory bodies can take that away).
« Last Edit: October 22, 2014, 10:08:00 PM by jsidhu »
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Offline Method-X

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Re: Peter Todd: "Regulators would be smart to shutdown Counterparty"
« Reply #10 on: October 22, 2014, 10:09:59 PM »
Like I said all of the decisions are seemingly looking good in hindsight... almost prophetic. I invested in these decisions not in technology because tech is equivalent but decisions will take the right tech way beyond competition.
lol .. that guys just said the tech is 'equivalent'?

- DPOS
- TITAN
- 5sec block intervall
- voting on the blockchain
- short on the blockchain
- market peg
- need more?

I am in for the TECH .. not the money :)

You don't get it.. anyone can fork.. NXT has other features BTS doesn't have... counterparty has others... you never invest in technology its mostly priced in at this point but you invest in the people who bring you those technologies... and if it becomes a self-fulfilling technology like the self-funding DAC then that is an ever more important feature that once priced in might prove to be the best feature yet ... or worst if there are no takers   (why? because no regulatory bodies can take that away).

+5% Always invest in people.

Offline jsidhu

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Re: Peter Todd: "Regulators would be smart to shutdown Counterparty"
« Reply #11 on: October 22, 2014, 10:13:21 PM »
Like I said all of the decisions are seemingly looking good in hindsight... almost prophetic. I invested in these decisions not in technology because tech is equivalent but decisions will take the right tech way beyond competition.
lol .. that guys just said the tech is 'equivalent'?

- DPOS
- TITAN
- 5sec block intervall
- voting on the blockchain
- short on the blockchain
- market peg
- need more?

I am in for the TECH .. not the money :)

You don't get it.. anyone can fork.. NXT has other features BTS doesn't have... counterparty has others... you never invest in technology its mostly priced in at this point but you invest in the people who bring you those technologies... and if it becomes a self-fulfilling technology like the self-funding DAC then that is an ever more important feature that once priced in might prove to be the best feature yet ... or worst if there are no takers   (why? because no regulatory bodies can take that away).

+5% Always invest in people.

Tough call in an environment like this.. but if those people make the right decisions you want to roll with that.. the best thing they can do to leave a legacy is to develop things in such a way that their decisions are applied over time in a predictable manor... such as capital infusion.. it is a decision to create a technology based on voting technology building blocks that will allow for a predictable outcome to grow the system over time. In this way, the person who makes these decisions doesn't have to be around for the technology to help the system, it becomes self-fulfilling. A prediction market ensues.
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Offline Method-X

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Re: Peter Todd: "Regulators would be smart to shutdown Counterparty"
« Reply #12 on: October 22, 2014, 10:30:09 PM »
Like I said all of the decisions are seemingly looking good in hindsight... almost prophetic. I invested in these decisions not in technology because tech is equivalent but decisions will take the right tech way beyond competition.
lol .. that guys just said the tech is 'equivalent'?

- DPOS
- TITAN
- 5sec block intervall
- voting on the blockchain
- short on the blockchain
- market peg
- need more?

I am in for the TECH .. not the money :)

You don't get it.. anyone can fork.. NXT has other features BTS doesn't have... counterparty has others... you never invest in technology its mostly priced in at this point but you invest in the people who bring you those technologies... and if it becomes a self-fulfilling technology like the self-funding DAC then that is an ever more important feature that once priced in might prove to be the best feature yet ... or worst if there are no takers   (why? because no regulatory bodies can take that away).

+5% Always invest in people.

Tough call in an environment like this.. but if those people make the right decisions you want to roll with that.. the best thing they can do to leave a legacy is to develop things in such a way that their decisions are applied over time in a predictable manor... such as capital infusion.. it is a decision to create a technology based on voting technology building blocks that will allow for a predictable outcome to grow the system over time. In this way, the person who makes these decisions doesn't have to be around for the technology to help the system, it becomes self-fulfilling. A prediction market ensues.

Agree. By the way, what you're describing is called an egregor.

Offline speedy

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Re: Peter Todd: "Regulators would be smart to shutdown Counterparty"
« Reply #13 on: October 22, 2014, 10:36:53 PM »
I wonder if this was one of the reasons for bytemasters recent push to allow a DAC to self fund itself. Would make an awful lot of sense through that lens.

Like I said all of the decisions are seemingly looking good in hindsight... almost prophetic. I invested in these decisions not in technology because tech is equivalent but decisions will take the right tech way beyond competition.

Yes... self funding DACs was heavily motivated by regulatory issues with crowd funding.

Im confused - BitShares was funded by crowd funding via AngelShares. So how does Peter Todd's tweet not apply to us?

And I also dont get what sidechains has to do with regulation.

It does seem ironic that a key person in decentralized currency would want the SEC to come in and squash competition.

Offline luckybit

Re: Peter Todd: "Regulators would be smart to shutdown Counterparty"
« Reply #14 on: October 22, 2014, 10:46:26 PM »
Like I said all of the decisions are seemingly looking good in hindsight... almost prophetic. I invested in these decisions not in technology because tech is equivalent but decisions will take the right tech way beyond competition.
lol .. that guys just said the tech is 'equivalent'?

- DPOS
- TITAN
- 5sec block intervall
- voting on the blockchain
- short on the blockchain
- market peg
- need more?

I am in for the TECH .. not the money :)

You don't get it.. anyone can fork.. NXT has other features BTS doesn't have... counterparty has others... you never invest in technology its mostly priced in at this point but you invest in the people who bring you those technologies... and if it becomes a self-fulfilling technology like the self-funding DAC then that is an ever more important feature that once priced in might prove to be the best feature yet ... or worst if there are no takers   (why? because no regulatory bodies can take that away).

+5% Always invest in people.

Competent creative highly motivated people. Identifying them is a challenge.
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