Front Page Roanoke Times

[Stan]

Let us please make sure both sides answer these questions...this could be the perfect moment to inform the public so we are not so "in the dark".  I understand there is information (everywhere, scattered about...etc), but it would be nice to get a thread where these tough questions can be asked of both of you.  The entire world has a great deal at stake (not just monetarily) in the outcome of these experiments...

There are no tough questions on my end. I am no longer associated with Invictus Innovations as of October and that was a decision made by the other members of the board of directors. It is a closed matter and will not be reopened by me because it is productive to no one.

The only Invictus issues that I am subject to are those involving the foundation of the company up until I left in October. Changes to the proforma impact all investors of I3 and the management has a fiduciary duty to communicate these changes to all investors in a timely manner. I am simply asking what the relationship between I3 and BitShares is and how this relationship benefits the investors of I3. From the Texas conference:

Dan Larimer
Founder & CEO, BitShares
Daniel Larimer is a Virginia based entrepreneur and software engineer with a passion to find free market solutions to secure life, liberty, and property. He is the founder of BitShares.org and the originator of the concept of DACs (decentralized autonomous companies). He is the chief architect of the peer-to-peer, trust-less, block chain based financial system known as BitShares.

http://texasbitcoinconference.com/speakers

There seems to be a debranding of I3 into BitShares thus my interest in the query.

https://bitsharestalk.org/index.php?topic=2166.msg25304#msg25304

[bytemaster]

Mr. Li has seen posts and contacted us privately about the non-profit claim made by Stan.   Obviously he was concerned, as was I, because the first I heard of it was when Mr. Li contacted me.    Anyway it is clear that Stan, being an engineer and left alone to fend off forum fires while we were in Texas, stated things in a way that clearly demonstrated our commitment to not profit (directly) from AGS funds .  Living in the realm of consideration for those who gave to AGS or own PTS can sometimes lose sight of I3 shareholders. 

The reason why we actually don't concern ourselves with I3 shares much is because what is good for AGS and PTS is also good for I3 shareholders.  There is no conflict of interest where we would take actions to benefit I3 shareholders at the expense of the community.   In other words, I am using the funds provided by Mr. Li to generate the greatest returns I know how for him as if his funds were my own personal investment. 

Think of Invictus as being a CEO who's only compensation is the stock he *BOUGHT* in his own company from the market.    The reason Mr. Li has an an opportunity to profit from BTS X is because he funded Invictus in the first place.    Part of what Mr. Li wanted was a coin with no pre-mine which means no advantage for us over everyone else in the ecosystem.   This in turn translated into AGS being equal opportunity and Invictus having to mine, buy, or donate our way to 5% in competition with everyone else.   This means that Mr. Li is a very generous man who put equal opportunity for everyone in the community ahead of maximizing his own return through a pre-mine. 

We are therefore committed to maximizing the value of our 5% on behalf of Mr. Li.     

[charleshoskinson]

Let us please make sure both sides answer these questions...this could be the perfect moment to inform the public so we are not so "in the dark".  I understand there is information (everywhere, scattered about...etc), but it would be nice to get a thread where these tough questions can be asked of both of you.  The entire world has a great deal at stake (not just monetarily) in the outcome of these experiments...

There are no tough questions on my end. I am no longer associated with Invictus Innovations as of October and that was a decision made by the other members of the board of directors. It is a closed matter and will not be reopened by me because it is productive to no one.

The only Invictus issues that I am subject to are those involving the foundation of the company up until I left in October. Changes to the proforma impact all investors of I3 and the management has a fiduciary duty to communicate these changes to all investors in a timely manner. I am simply asking what the relationship between I3 and BitShares is and how this relationship benefits the investors of I3. From the Texas conference:

Dan Larimer
Founder & CEO, BitShares
Daniel Larimer is a Virginia based entrepreneur and software engineer with a passion to find free market solutions to secure life, liberty, and property. He is the founder of BitShares.org and the originator of the concept of DACs (decentralized autonomous companies). He is the chief architect of the peer-to-peer, trust-less, block chain based financial system known as BitShares.

http://texasbitcoinconference.com/speakers

There seems to be a debranding of I3 into BitShares thus my interest in the query.

[onceuponatime]

As you are not an Invictus shareholder the answer to this question is not relevant to you.

It is relevant to Li Xiaolai, which is why I'm asking. It also seems to be a fair question to ask considering the BitShares protocol is being developed by I3.

And you are his spouse? His legal guardian? His legal representative?

You are translating from Chinese to English for him?

If your motivations are not transparent to yourself I can recommend a therapist.

(My motivation is that I am a PTS/AGS holder and I find your participation on this forum to be counter to my interests._

i'm a PTS holder and i'd like this line of questions to continue. i was not aware that participation in other teams is undesirable.

I invite Li Xiaolai to come on to this forum with any questions, since he appears to be directly involved and has skin in the game. Charles, on the other hand, has withdrawn and his motivation, whatever it may be, is transparently not to maximize value to PTS/AGS holders.

[barwizi]

As you are not an Invictus shareholder the answer to this question is not relevant to you.

It is relevant to Li Xiaolai, which is why I'm asking. It also seems to be a fair question to ask considering the BitShares protocol is being developed by I3.

And you are his spouse? His legal guardian? His legal representative?

You are translating from Chinese to English for him?

If your motivations are not transparent to yourself I can recommend a therapist.

(My motivation is that I am a PTS/AGS holder and I find your participation on this forum to be counter to my interests._

i'm a PTS holder and i'd like this line of questions to continue. i was not aware that participation in other teams is undesirable.

[fuzzy]

Let us please make sure both sides answer these questions...this could be the perfect moment to inform the public so we are not so "in the dark".  I understand there is information (everywhere, scattered about...etc), but it would be nice to get a thread where these tough questions can be asked of both of you.  The entire world has a great deal at stake (not just monetarily) in the outcome of these experiments...

[bytemaster]

i know about this initial funding since october ... it wasn't communicated public but for people who wanted to contribute time/work to III at this time.

The initial funding was never hidden and has been known since the coindesk article Danny wrote in August I believe.

http://www.coindesk.com/bitshares-p2p-trading-platform-to-offer-dividends-on-bitcoins/

[cass]

i know about this initial funding since october ... it wasn't communicated public but for people who wanted to contribute time/work to III at this time.

The initial funding was never hidden and has been known since the coindesk article Danny wrote in August I believe.

i didn't say it was hidden! But don't know exactly if it was public. Thx charles for confirming publication of the initital funding

[charleshoskinson]

i know about this initial funding since october ... it wasn't communicated public but for people who wanted to contribute time/work to III at this time.

The initial funding was never hidden and has been known since the coindesk article Danny wrote in August I believe.

[cass]

i know about this initial funding since oct/nov ... it wasn't communicated public but for people who wanted to contribute time/work to III at this time.

[fuzzy]

Cool. 

Didn't know you got $500k funding in the beginning.
What did they get in return?

Thank god we will finally start getting this stuff out in the open.  Let's make sure it isn't only Bytemaster having to answer the tough questions!

[onceuponatime]

As you are not an Invictus shareholder the answer to this question is not relevant to you.

It is relevant to Li Xiaolai, which is why I'm asking. It also seems to be a fair question to ask considering the BitShares protocol is being developed by I3.

And you are his spouse? His legal guardian? His legal representative?

You are translating from Chinese to English for him?

If your motivations are not transparent to yourself I can recommend a therapist.

(My motivation is that I am a PTS/AGS holder and I find your participation on this forum to be counter to my interests._

[fuzzy]

Charles,why do you continue coming on to bitsharestalk.org to make your comments and ask your questions? I believe Ethereum has its own sites?

You seem to have trouble letting go.

Actually I keep getting drawn back in by other people or events. I would like an answer to my question, which has nothing to do with Ethereum or its affiliates.

   (though it DOES have everything to do with Ethereum and affiliates)

[charleshoskinson]

As you are not an Invictus shareholder the answer to this question is not relevant to you.

It is relevant to Li Xiaolai, which is why I'm asking. It also seems to be a fair question to ask considering the BitShares protocol is being developed by I3.

[bytemaster]

For anyone interested, you can always look up business filings through the Secretary of State's office in the state in which the business is registered.

https://sccefile.scc.virginia.gov/Business/0766644

I'm well aware of what they say because Stan and I filed them. My final question is what is the relationship between BitShares and Invictus Innovations and what profit expectations do the investors of Invictus Innovations have from the BitShares involvement?

As you are not an Invictus shareholder the answer to this question is not relevant to you.