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Offline roselee

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i am a holder of bts
and read today on cryptocoinnews that there is a takeover
i am not sure i understand what that means.

here is what i think i understand

cryptonomex got the right to licence smart blockchains added to the original blockchain.
someone who wants to use that has to pay
there service is not open sorce
( which is ok couse bussines is bussines)
but what happens to the original bts that i hold?
cryptonomex also pays now for PR and development to make bts fit for the future.

i bought my bts in august 2014 ( smile) so i know its a working process

i hope someone is so nice and explains what this take over means for a normal holder of bts
thanks

Offline sschechter

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There is no takeover.  Cryptocoinnews wrote a pretty pathetic story, they should honestly be embarrassed by it:

https://bitsharestalk.org/index.php/topic,17188.0.html

The core devs formed their own company.  They still work for the blockchain.  They used all the lessons they learned from BitShares 0.x and built a stronger, faster, more scalable system than whats available today.  It would not be possible to get this type of performance from applying  band-aids to the current chain.  Two exchanges have signed on to use BitShares for their decentralized orderbooks. BTS system still get a cut of all the trading fees.  All your BTS will remain the same - theres a 1:1 conversion for the new chain.

All these are good things, and there's a lot of enthusiasm around here which hasn't been seen in months.  CCN is peddling fear porn.
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Offline Ander

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The article was nothing but a regurgitation of the stuff that the trolls and BTS haters spew on message boards. 
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Offline roselee

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year i realiced that already

it took me an hour to do a proper research on the subject and i got this
http://bitsharesblog.com/category/cryptonomex/
a very good interview with bm

what i now understand is

bitshares 2.0 is adressing lots of the problems the wallet had

syncing and so on

the power is now divided
bm and the devs gave up there power and created a system that speads the power divered levels who are payed
like vitnes, workers and so on
shareholders still vote

Offline mint chocolate chip

year i realiced that already

it took me an hour to do a proper research on the subject and i got this
http://bitsharesblog.com/category/cryptonomex/
a very good interview with bm

what i now understand is

bitshares 2.0 is adressing lots of the problems the wallet had

syncing and so on

the power is now divided
bm and the devs gave up there power and created a system that speads the power divered levels who are payed
like vitnes, workers and so on
shareholders still vote
Glad the blog helped you find the info you were looking for ☺

Offline Permie

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There is no takeover.  Cryptocoinnews wrote a pretty pathetic story, they should honestly be embarrassed by it:

https://bitsharestalk.org/index.php/topic,17188.0.html

The core devs formed their own company.  They still work for the blockchain.  They used all the lessons they learned from BitShares 0.x and built a stronger, faster, more scalable system than whats available today.  It would not be possible to get this type of performance from applying  band-aids to the current chain.  Two exchanges have signed on to use BitShares for their decentralized orderbooks. BTS system still get a cut of all the trading fees.  All your BTS will remain the same - theres a 1:1 conversion for the new chain.

All these are good things, and there's a lot of enthusiasm around here which hasn't been seen in months.  CCN is peddling fear porn.
2 Exchanges?
Unannounced news or do you mean Banx, who will migrate their coin to BitShares as a User Issued Asset? Unless they are also an exchange and I'm uninformed
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Offline Stan

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banx.io
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.

 

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