Author [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] Topic: Colored Coins / Mastercoin / ProtoShares / BitShares  (Read 2746 times)

0 Members and 1 Guest are viewing this topic.

Offline Gekko

  • Full Member
  • ***
  • Posts: 84
  • Lunch is for wimps........ Greed is good.
    • View Profile
Colored Coins / Mastercoin / ProtoShares / BitShares
« on: November 27, 2013, 03:37:07 PM »

Can somebody explain the differences between the "Coins" mentioned in the subject  in simple words?
There is so much documentation about all of them, but if I wanted to invest let's say $100000 in "digital currency" to make the most of it - and I'm not interested in the technology behind it or how to mine it -, if I just want to make the most profit of my $ over the next let's say 5 years, what would you advise where to invest the money - and why?

Nobody can predict the future and of course, this is the BitShares forum - but knowing what you're dealing with: why are you here and not over at Colored Coin or Mastercoin?
Is it because BitShare/ProtoShare is so fresh and you see a chance of getting in early - or are there more profound reasons you prefer Proto/BitShare to the others?


Offline bytemaster

Re: Colored Coins / Mastercoin / ProtoShares / BitShares
« Reply #1 on: November 27, 2013, 04:54:25 PM »
Give me a call on Skype and send me a pm.  I will be more than happy to explain it all to you  and answer all of your questions.


Sent from my iPhone using Tapatalk
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 Gekko

  • Full Member
  • ***
  • Posts: 84
  • Lunch is for wimps........ Greed is good.
    • View Profile
Re: Colored Coins / Mastercoin / ProtoShares / BitShares
« Reply #2 on: November 27, 2013, 08:12:24 PM »
Thanks for the offer, but I would appreciate if you could write it down in this thread, so others can read it, too.
The shorter the better! :)


Offline smiley35

  • Full Member
  • ***
  • Posts: 168
    • View Profile
Re: Colored Coins / Mastercoin / ProtoShares / BitShares
« Reply #3 on: November 27, 2013, 09:52:46 PM »
Colored coins and Mastercoins are essentially add on's to the bitcoin protocol, they function by using the bitcoin blockchain.

Colored coins are stock/bonds that people send/issue through their bitcoin wallets. They represent whatever the issuer decidedness
Mastercoins has a few features such as "savings wallets", and "betting" (futures markets kinda that allow you to hold value at the price of (insert anything).

Protoshares and bitshares are a different ball game. They don't sit on top of the bitcoin blockchain. Protoshares are basically stock in what Invictus innovations does. Any protoshares you own will be forked into the DACs invictus creates. One of these is bitshares, there is a lot going on with bitshares and you can learn about them on this forum, but to dumb it down to a sentence they are tackling some of the same issues as mastercoin but not exactly the same. Bitshares hasn't come out yet so protoshares are the only way to get them right now. Bitshares will pay dividends. If you think about bitshares like a distributed financial services corp that will pay profits back as dividends to bitshare owners.   

Offline bytemaster

Re: Colored Coins / Mastercoin / ProtoShares / BitShares
« Reply #4 on: November 28, 2013, 02:16:08 AM »
Colored coins and Mastercoins are essentially add on's to the bitcoin protocol, they function by using the bitcoin blockchain.

Colored coins are stock/bonds that people send/issue through their bitcoin wallets. They represent whatever the issuer decidedness
Mastercoins has a few features such as "savings wallets", and "betting" (futures markets kinda that allow you to hold value at the price of (insert anything).

Protoshares and bitshares are a different ball game. They don't sit on top of the bitcoin blockchain. Protoshares are basically stock in what Invictus innovations does. Any protoshares you own will be forked into the DACs invictus creates. One of these is bitshares, there is a lot going on with bitshares and you can learn about them on this forum, but to dumb it down to a sentence they are tackling some of the same issues as mastercoin but not exactly the same. Bitshares hasn't come out yet so protoshares are the only way to get them right now. Bitshares will pay dividends. If you think about bitshares like a distributed financial services corp that will pay profits back as dividends to bitshare owners.   

Good Summary.

BitShares:
Pays Dividends from Transaction Fees
Multiple Blockchains for Scalability and Different markets (commodities, stocks, currencies)
Does not rely upon trusted data feeds
Does not rely upon IOUs or bearer bonds

Colored Coins:  Bearer Bonds layered on Bitcoin
Mastercoin:  Colored Coins + BitShares like BitAssets implemented with Trusted (centralized) price feeds.

ProtoShares -> BitShares, DomainShares, LuckyShares, VoteShares, AP Shares

The primary problem with Mastercoin is that it will be limited in transaction volume by the Bitcoin network and they will eventually have to move to their own blockchain.   

Mastercoin and Invictus are both well funded but going about it in different ways. 




 
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 cob

  • Board Moderator
  • Sr. Member
  • *****
  • Posts: 376
    • View Profile
  • BTS: cobb
Re: Colored Coins / Mastercoin / ProtoShares / BitShares
« Reply #5 on: November 28, 2013, 02:52:46 AM »
What are the pros and cons of bitshares vs mastercoin?

Which would be more versatile for the long run? Less bulky, more clean and elegant?
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 Gekko

  • Full Member
  • ***
  • Posts: 84
  • Lunch is for wimps........ Greed is good.
    • View Profile
Re: Colored Coins / Mastercoin / ProtoShares / BitShares
« Reply #6 on: November 28, 2013, 07:35:13 AM »
Thanks for the explanations!
So from what I read here BitShares - or even better: ProtoShares - would be the first choice because of the idea of the DACs behind it. Which to me seems like a huge potential the others don't (seem to) have.

Allow me to say that from what it looks (optically) at the moment (= the websites), Invictus / ProtoShare / Bitshare (tradebitshares.com - holy moses, remove those "motivational" pictures!) is "a little" behind of for example Mastercoin and other competitors. But I see theres a bounty already for creating good looks to back the good concept. And I think that will be one of the most important parts!
If I would just get a first impression of the Invictus / ProtoShare thing optically from the websites I would just think "BETA!" or "not trustworthy" or something like that. But for the whole thing to be successful you have to get lots of people to support the concept.
Also I don't really "like" the idea of a company behind all this. Companies are evil, companies want to make money, maybe by using me. - So it should be clearly stated that all of this is open, free for all, community driven and not dependent on a company (name) nobody has ever heard of.
These are my first thoughts so far.  Still appreciate more information of course.
« Last Edit: November 28, 2013, 11:57:30 AM by Gekko »

Offline HackFisher

  • Hero Member
  • *****
  • Posts: 883
    • View Profile
Re: Colored Coins / Mastercoin / ProtoShares / BitShares
« Reply #7 on: November 28, 2013, 11:54:04 AM »
Thanks for the explanations!
So from what I read here BitShares - or even better: ProtoShares - would be the first choice because of the idea of the DACs behind it. Which to me seems like a huge potential the others don't (seem to) have.

Allow me to say that from what it looks (optically) at the moment (= the websites), Invictus / ProtoShare / Bitshare (tradebitshares.com - holy moses, remove those "motivational" pictures!) is "a little" behind of for example Mastercoin and other competitors. But I see theres a bounty already for creating good looks to back the good concept. And I think that will be one of the most important parts!
If I would just get a first impression of the Invictus / ProtoShare thing optically from the websites I would just think "BETA!" or "not trustworthy" or something like that. But for the whole thing to be successful you have to get lots of people to support the concept.
Also I don't really "like" the idea of a company behind all this. Companies are evil, companies want to make money, maybe be using me. - So it should be clearly stated that all of this is open, free for all, community driven and not dependent on a company (name) nobody has ever heard of.
These are my first thoughts so far.  Still appreciate more information of course.

Agreed, I cannot find the ideas behind easily from Invictus website, before I read through some great articles.

And I don't like the word of "Company" too, DAC community/Foundation is much better than that. But never mind, I still support you guys, looking forward.

Sent from my GT-N7100 using Tapatalk

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 bytemaster

Re: Colored Coins / Mastercoin / ProtoShares / BitShares
« Reply #8 on: November 28, 2013, 04:01:21 PM »
Philosophically I am also against companies as they are a creature created by government.   Unfortunately, accepting investor dollars, hiring help, and other things without a company is a lot more difficult.   Furthermore, to the extent that a company can provide legal cover it can be helpful. 

I think you have to be very careful when you view companies as 'evil' for seeking a profit because profit is what motivates every human action.   A company is really just a collection of people working together.   Invictus Innovations is different from almost every other company because we have done everything in the open, don't believe in intellectual property or patents, and favor competition.   We care more about getting working solutions out there than about retaining 'control' over everything.   

For us 'control' is a liability to be decentralized as rapidly as possible.   
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 Gekko

  • Full Member
  • ***
  • Posts: 84
  • Lunch is for wimps........ Greed is good.
    • View Profile
Re: Colored Coins / Mastercoin / ProtoShares / BitShares
« Reply #9 on: November 28, 2013, 07:19:44 PM »
If everything Invictus does/creates is open and free for all - how is Invictus planning to earn money? Just by acquiring enough ProtoShares now - like everybody else does?
Or by creating DACs - like I think BitShares would be? (Would you earn more with BitShares than the "normal" user would in the future? (Why?))
It sounds a little unbelievable that there's a company who creates innovative tools for everybody to freely use and just expects to make profit by doing what everybody else is going to do with its inventions.
Maybe the whole thing still is not clear enough for me. Bitcoin is easier to understand! :)



Offline Stan

  • Hero Member
  • *****
  • Posts: 2865
  • You need to think BIGGER, Pinky...
    • View Profile
    • Cryptonomex
  • BTS: Stan
Re: Colored Coins / Mastercoin / ProtoShares / BitShares
« Reply #10 on: November 28, 2013, 08:03:33 PM »
If everything Invictus does/creates is open and free for all - how is Invictus planning to earn money? Just by acquiring enough ProtoShares now - like everybody else does?
Or by creating DACs - like I think BitShares would be? (Would you earn more with BitShares than the "normal" user would in the future? (Why?))
It sounds a little unbelievable that there's a company who creates innovative tools for everybody to freely use and just expects to make profit by doing what everybody else is going to do with its inventions.
Maybe the whole thing still is not clear enough for me. Bitcoin is easier to understand! :)

We are investors in this new industry just like anyone else.  Our biggest advantage is that we trust ourselves and therefore have the confidence to act while others are trying to decide whether to trust us or not. We expect to earn capital appreciation and dividend income from the DAC shares we manage to own.

Ultimately we see ourselves as DAC venture capitalists on a mission.  Right now we are simply buying while others are waiting and watching to see what happens  ...and that should make all the difference.   :)
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline Gekko

  • Full Member
  • ***
  • Posts: 84
  • Lunch is for wimps........ Greed is good.
    • View Profile
Re: Colored Coins / Mastercoin / ProtoShares / BitShares
« Reply #11 on: November 29, 2013, 11:49:43 AM »
Sounds good.
I hope you put most of your effort into BitShares and the DAC-"Framework" first, not so much into the other "applications" (like Keyhotee) - YET.
I think Keyhotee could be a good thing, but DACs and BitShares seem HUGE to me, directly compared.
I also think it's important to get something usable out to the public FAST (and ideally stable).
If the "Framework" is there and the ball gets rolling - you will have enough time to create every DAC you can imagine after that.
That's just my point of view and of course you could say "we have to demonstrate what DACs can do" and that DAC is not just "BitShares". But - again - I think BitShares potential is bigger than Bitcoin. Keyhotee could be as big, but I don't think splitting manpower at this point in time would be too good. First things first.




Offline HackFisher

  • Hero Member
  • *****
  • Posts: 883
    • View Profile
Re: Colored Coins / Mastercoin / ProtoShares / BitShares
« Reply #12 on: November 29, 2013, 01:35:54 PM »
I think we may need to clarify one question: Why we need a Keyhotee before Bitshares?

Is Keyhotee underestimated, because from the view of mine, its only a system/application of name and reputations. Is it created for the purpose of user friendly or to test some ideas before release of Bitshares to make the progress more stable?

Keyhotee is great, but it seems to be a little special(even not like a DAC), why it is the first one after Protoshares?

What's the relationship between Keyhotee and Bitshares, is it the wallet/user interface of bitshares, or even invictus-DACs?
« Last Edit: November 29, 2013, 01:40:01 PM by HackFisher »
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 bytemaster

Re: Colored Coins / Mastercoin / ProtoShares / BitShares
« Reply #13 on: November 29, 2013, 02:59:46 PM »
Keyhotee us the wallet for bitshares and also tests the broadcast infrastructure.

The name chain also tests parts of bitshares.

We are working on as much in parallel as possible.


Sent from my iPhone using Tapatalk
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 Gekko

  • Full Member
  • ***
  • Posts: 84
  • Lunch is for wimps........ Greed is good.
    • View Profile
Re: Colored Coins / Mastercoin / ProtoShares / BitShares
« Reply #14 on: November 29, 2013, 11:12:49 PM »
Keyhotee us the wallet for bitshares and also tests the broadcast infrastructure.
I hope Keyhotee will be "one wallet for bitshares", not "the". Only complete openness and diversity makes (should make) things successful!
You don't have to rely on Keyhotee to use bitshares, do you?

Quote
The name chain also tests parts of bitshares.
Ok for me.

Quote
We are working on as much in parallel as possible.
I believe you - though I'm not convinced it's the right way (to do it all at once).

 

Google+