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Offline cob

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Notes are liquid and tradable
« on: April 11, 2015, 05:01:31 PM »

To those that weren't aware, Notes are a UIA on the BitShares blockchain and can be traded on the internal market.

Make sure you check out http://whatarenotes.info/
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Offline nomoreheroes7

Re: Notes are liquid and tradable
« Reply #1 on: April 11, 2015, 05:10:10 PM »
Will Music directly benefit BTS in any way? Or is it pure competition? I understand AGS/PTSers got shares in it, sure, but let's be honest -- many of us got in BTS after all that fundraising stuff and thus have no stake in Music.

"It will not be called BitShares Music".

So what ties will it have to BitShares other than using DPOS? I'm not trying to provoke or anything, I just legit don't know how it ties into BTS.

Offline toast

Re: Notes are liquid and tradable
« Reply #2 on: April 11, 2015, 05:30:34 PM »
It has explicit no ties to BTS except for the sharedrop and shared codebase for initial versions. There might be some indirect benefits since Music will rely on Moonstone initially which will be a BTS wallet as well.
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Online oco101

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Re: Notes are liquid and tradable
« Reply #3 on: April 11, 2015, 05:55:52 PM »
I never imported my AGS/PTS keys . In order to claim my Notes can I import  my AGS/PTS keys directly in the upcoming Music blockchain wallet or should  import them first in the Bitshares wallet ?

Offline starspirit

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Re: Notes are liquid and tradable
« Reply #4 on: April 11, 2015, 11:08:30 PM »
Any business/DAC listed on the DEX provides additional opportunities for BitShares users to make money within the system, and that adds utility/value to the BTS token as a key to access the system. (Analogy: fiat cash has no direct backing, but has utility because of the investment and spending opportunities provided within the fiat system.)

Also Music is not competition despite sharing the initial source code, because they have completely different business models and will head in divergent directions. Does BitShares intend to build a replica of Music as a common good? That would be irrational given limited resources. Of course the BitShares platform can still support the existence of Music and a number of private competitors in a free marketplace, and as above, that is great for the utility of the BTS system.

Offline luckybit

Re: Notes are liquid and tradable
« Reply #5 on: April 12, 2015, 01:28:29 AM »
Any business/DAC listed on the DEX provides additional opportunities for BitShares users to make money within the system, and that adds utility/value to the BTS token as a key to access the system. (Analogy: fiat cash has no direct backing, but has utility because of the investment and spending opportunities provided within the fiat system.)

Also Music is not competition despite sharing the initial source code, because they have completely different business models and will head in divergent directions. Does BitShares intend to build a replica of Music as a common good? That would be irrational given limited resources. Of course the BitShares platform can still support the existence of Music and a number of private competitors in a free marketplace, and as above, that is great for the utility of the BTS system.


Exactly. The goal should be to add value and utility to what we currently have. The more useful the Bitshares toolkit is the more we will use it. Sharedropping is just to make sure we are interconnected stakeholders. It's actually very important but more important that early adopters don't compete with later adopters.

So people who are late can buy notes. Diversity promotes evolution.

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