I'm the newest newbie here and have absolutely no idea what I am talking about; and I have the stats to prove it (went all in at the peak and was too broke to even get a Keyhotee founder ID).
I am just thankful that the man whom I think I own came up with the brilliant idea to "just toss a trustee in there for now, and we'll have the first working Bitshares model by morning" (just like he promised). Now we can finally launch BitsharesX tomorrow so that someone can modify the code and produce a perfect 100% decentralized fork of it by next Friday (in open source lingo, fork means: help us by writing the code at zero cost to us) so that Dan can simply fork it back into the Bitshares/Keyhotee/Music/Vegas world that we are all creating. It would be great to finally have that pesky Bitshares program sitting there nicely in our ENTIRE ECOSYSTEM (which also is unfinished). Yes, I sincerely hope that the first person who forks this makes it perfect within the week, and releases it so that Dan can finally grasp a finished version of this project and give it to us so that we can honestly say that we (the market that is) are truly happy with this particular iteration which is now deemed the standard “Bitshare.” By the time the government figures out what happened, we will be at BitsharesVersion100%Decentralized or we will be the first ever crypto banned in the USA (at which point we direct our focus toward BitMusic, BitDNS, BitSportsbook and never give up). And if we get banned, then we can save a few bucks in the budget by firing the marketing department because we will have more publicity than Google Glass.
Dan starts it, and someone else finishes it, that's how open source works. All bitshare owners would have the same stake but in a trading platform with a new rule set. Is that not how this works? Bitcoin can change the rules, and nobody panic sells. What does anybody care if it's 40 or 80 bits in the chain, the price held up. But more interestingly, the world is talking about “well who gets to choose what changes happen to the bitcoin?” and “Why don't bitcoin owners have a say in this?” The answer here is “because they don't have bitshares”
We would finally have that neat bit-asset trading vehicle as part of our Bit-world, and we will make bit-CNY, and bit-tit, etc, whatever we want because we are the ecosystem designed not only for this type of trading, but for all that other Bitshares stuff which will Apple-ify the complicated BTC experience on my computer because I am less samrt on computers like 99% of all meager humans in the world. We don't care who invented it, we don't even have computers, this is open source. Just gimme something that integrates everything like my Iphone does so I don't have to learn anything please Mr. Jobs. I'll use your format for everything because it simplifies my complicated life (more than just my financial life). Think of PTS more like AAPL than BTC. BitsharesX is just a tentacle.
Yes, everyone will now have bitshares clones, but only Bitshares owners will have a stake in the one that the market prefers the most and even grandpa can understand Keyhotee because it looks a lot like AOL. And our Bitshare version will be identical to the baddest hot rod crypto prediction market machine on the street.
Are there better versions of Bitcoin than Bitcoin? Of course, there's a bitcoin for everything that ails ya nowadays. Hate the transaction time, try fast coin, hate the pollution, get Bitshares because there is no mining, you get the drift. But wait, Bitshares has not been invented....until now! Yay, congratulate the man who just found a shortcut to getting us to the free market earlier than we would have got there had Dan decided to go on a bender last week and let a hangover cloud his vision, or maybe he gets his visions in a hangover ala Dr.NakaMats.
Either way, he got us a working model sooner with this short cut. Let the free open source market dial in the rest of it for us. Why put your best asset (Dan) on a project that can be handled adequately by the open source community (re-coding). Crowd sourcing is great at this type of grunt work. All we need to do is copy the latest and greatest format and never stop trading out Bit-assets.
Dan said, that once you hold bitshares, then you will hold the same number of bitshares in the new trading environment (Bitshares X2, 3 etc.), so nothing changes but the rules, we will always retain the “first to market with a prediction based bit-asset speculating program” award, and of course the Bitshares brand. So like bytemaster says, it's all just marketing. We were here first, and we have the right to use the Bitshares brand because Cryptsy will have all your Bitshares there already like a Copyright, we would all just change our rule set to reflect the newest iteration. Apple-shares sounds a little copycat, so I challenge anyone else to come up with a better brand name than Bitshares? It harnesses the industry standard prefix made famous by that cute little coin people are spending billion$ on, plus it also explains the difference between the world's most beloved crypto and ours which is that Bitshares is a share (or "property" if the IRS asks) in a dynamic voting system where fun things happen and not some static asset whose chief advantage is it's depth of integration with Overstock.com.
Welcome PTS/AGS investors and Bit-asset traders to the world of Bitcoin 2.0; please free to have your mind blown (simply for as long as the electricity stays on). The investors own the game (Bitshares) that the traders want to play, and they will sell them their shares. There may not be as many traders as investors now, but if the action is good, meaning that if the Bit-asset prices actually track real world dollars, then I think we will have a hotter news story than "how much downtime will occur if our trustee gets bribed by a major government, because 10 minutes is way too long, I would prefer it to be 5, yes, I realize that my money cannot be taken from me like MtGox, but that does not change the fact that you are listening to me complain, and most people dont want to hear me complain, but you on the other hand....."
Now the game is about to begin, it's just that the rules will probably be changing constantly as better versions are put into practice (like voting on weather Bitcoin should be 40 or 80 bits doesn't hurt us). Just remember that we have the ability to change the rules to reflect whatever the most popular rules are at the moment. That is a great ability that lets our inventors not just dwell on a single difficult problem, but gives them the luxury of stepping back to Steve Jobs-ify their overall operating environment, I believe that Dan's time is better spent dreaming of the next big thing. What do you think Vitalik is doing? Coding? Rather dreaming of code and living a life that inspires himself to create the next breakthrough for humanity. I listened to him say how awesome the party was when their team got together. I don't think he meant that they spent that night "coding." Unless by "coding" you mean...Maybe he's dreaming of the Nobel Peace Prize. Who knows. He's delegating like Dan should be doing. Lets let the open source masses code for us.
Until Dan gets some serious coding help (like the kind provided by the open source community), Dan is stuck doing it himself, when I suspect that he would rather spend his time conceiving it. Dan is designing a highly complex machine with integrated systems. This little “trustee” widget will take the place of something much larger and more complex than Dan at first imagined, and he will add a “decentralization widget” into a later iteration of Bitsahres X (if someone does not invent it for us the day after launch which would seriously ROCK). In the meantime, Dan would like to do exactly what he promised us which is launch the first working Bitshares model so that the traders can see if they like it or want it changed. Then hopefully the investors can make their profit and leave this forum and let anyone in the whole wide world refine the code in peace until it is finished, at which point we will have BitsharesVersionWhicheverIsBest.
New investors coming here don't want to see us holding back new ideas because we don't want them to get stolen. The concept of open source is the definition of teamwork because everyone's best ideas always get integrated. The cream always rises to the top, and if fate would have Dan inspire Vitalik to write him a piece of code on a napkin that would give us 100% decentralization, then so be it. It's all over but the coding.
We can add the dogystyle, and all the safest safeness anyone could handle at a later date and still claim the Bitshares brand name.
You can't just keep this little simplified version of Bitshares all bottled up waiting for someone else to launch it underneath you and get the glory of being the first crypto banned in the USA. One minute we are complaining about, "boo hoo, we got no publicity" and now we are afraid of a global headline? What kind of community are we? Who is going to bring their open source DAC to a community who is afraid of releasing their open source code to the open source community?
At least pretend that we like getting forked around here because that is exactly the personality trait that would bring the inventors here (if we behaved like we meant it). You guys demand Dan perform miracles on the spot faster and complain that it took him too long, and in the next breath you complain why no inventors want to come into your open source community and give you PTS/AGS. Personally, I love getting forked, flatter and copy me all you want, I'll still continue to be myself. Why should I care?
Hey Dan, can we put up a PTS bounty for someone to edit out the complaints on these boards, they are scaring away the inventors. I come to this forum to listen to the inventors, not the investors. You would think that the investors would realize that spamming the "please come to inventor-world and be a part of our modern idealistic community who is perfectly acceptable of failure as a means toward furthering your invention" forum in which they hold ownership in actually is bad for the share price. They must have money to burn. I try to calculate just how much money I would need to possess in order to feel comfortable shooting my investment in the foot like that just to let off a little selfish steam. I've been silent for 5 months because I've been letting the grown ups talk, but the changes that have occurred here over that time are shocking. 5 months ago you guys were all "yeah ! open source will rule the world! come and innovate with us, share and share alike. etc" and now it's all "what about MY money, my time, i'm sad and disappointed, that was unexpected," and all of you complaining about your precious investment time and money only makes my meager investment in this operation worth less. See how it feels reading a post about me complaining. How much time did that just cost everyone?
Have you guys ever heard of the death spiral: when a company can't raise money and they get shorted, then they complain that their share price and thus market cap is too low and now don't have the collateral for a loan, and then they get denied liquidity, and then the stock price declines again, and the cycle repeats until Lehman collapses. You guys are doing the same thing crying about "why oh why bytemaster has the share price forsaken me!" Investors reading this board get bored then scared, and say "OMG, where did all the inventors go" and "sell sell sell" as Cramer would say. Please stop with the entitled poor me attitudes. You will not be attracting any foreign entrepreneurs this way. Or just maybe think of us small fish next time you want to ask Dan "are we there yet?", or "why am I sad?" or anything about your personal finances, because the inventors who would come to this place to offer you free PTS/AGS care not for that.
So let me get this straight, our trailblazing invention company community can't decide weather or not we should launch our "first fully functioning Bitcoin 2.0 USD/GLD/BTC trading game that's fun for the whole family, with faster transaction times than previously advertised" which Dan just finished, or wait for someone else to do it while Dan goes back into the woodshed to conquer BitsharesX2 (all without data from an officially launched trustee method BitsharesX DAC).
"Hey Dan, wait, where are you going, just kidding, we love your new invention, we really do." Dang it, Dan just forwarded the code to Meh over at ANC who is launching this tomorrow, and he says that he can't wait for the NEXT Bloomberg article.
if I had a dime for every time someone told the team to "get back to coding work!"