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Offline donkeypong

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Please chime in and help keep this thread (which I did not start) up on Reddit. The Bitcoin mods may take it down, so the second link below shows the article it references...which is superb for Bitshares, one of the best and most stoked explanations I have seen.

http://www.reddit.com/r/Bitcoin/comments/23d3ux/how_i_became_a_bitshares_believer_in_917_words/



http://crypt.la/2014/04/18/bitshares-believer/

Offline NewMine

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Re: AMAZING article on Bitshares and Reddit Thread: Chime in, please!!!
« Reply #1 on: April 18, 2014, 11:24:49 PM »
Please chime in and help keep this thread (which I did not start) up on Reddit. The Bitcoin mods may take it down, so the second link below shows the article it references...which is superb for Bitshares, one of the best and most stoked explanations I have seen.

http://www.reddit.com/r/Bitcoin/comments/23d3ux/how_i_became_a_bitshares_believer_in_917_words/



http://crypt.la/2014/04/18/bitshares-believer/

While it is a positively written article for Bitshares, it's a terrible piece of work and the premise feels made up.

Offline dannotestein

Re: AMAZING article on Bitshares and Reddit Thread: Chime in, please!!!
« Reply #2 on: April 18, 2014, 11:45:50 PM »
Please chime in and help keep this thread (which I did not start) up on Reddit. The Bitcoin mods may take it down, so the second link below shows the article it references...which is superb for Bitshares, one of the best and most stoked explanations I have seen.

http://www.reddit.com/r/Bitcoin/comments/23d3ux/how_i_became_a_bitshares_believer_in_917_words/



http://crypt.la/2014/04/18/bitshares-believer/

While it is a positively written article for Bitshares, it's a terrible piece of work and the premise feels made up.
A terrible piece of work? I thought it was well-written and quite clear, something that's difficult to do when writing about new technology. And what premise felt made up to you?
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Offline donkeypong

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Re: AMAZING article on Bitshares and Reddit Thread: Chime in, please!!!
« Reply #3 on: April 19, 2014, 12:24:12 AM »
I think the article provides a terrific introduction to Bitshares for anyone with questions about it or who is considering a position in PTS or AGS.

Offline NewMine

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Re: AMAZING article on Bitshares and Reddit Thread: Chime in, please!!!
« Reply #4 on: April 19, 2014, 01:07:50 AM »
Please chime in and help keep this thread (which I did not start) up on Reddit. The Bitcoin mods may take it down, so the second link below shows the article it references...which is superb for Bitshares, one of the best and most stoked explanations I have seen.

http://www.reddit.com/r/Bitcoin/comments/23d3ux/how_i_became_a_bitshares_believer_in_917_words/



http://crypt.la/2014/04/18/bitshares-believer/

While it is a positively written article for Bitshares, it's a terrible piece of work and the premise feels made up.
A terrible piece of work? I thought it was well-written and quite clear, something that's difficult to do when writing about new technology. And what premise felt made up to you?


Quote
Wrapping your mind around Bitshares is like taking the Electric Kool-Aid Acid Test.
The Electric Kool-Aid Acid Test is a book by Tom Wolfe about Acid parties, not a real Test. Comparing Bitshares to an acid trip seems out of place.

Quote
“In the dotcom era, there were all these ideas, all these companies, but none of them made any money,” Mr. Page says...
Ok. "None", are you sure?
Quote
“The algorithm says 50 percent of ticket sales go to one winner,” he says. “The other 50 percent goes as profit to shareholders. Immediately, that DAC would be profitable.
This is how a lottery works. Most lotteries have a more complicated algorithm where their is a tiered structure of winners. Nothing special.

Quote
“Look at Berkshire Hathaway and Warren Buffet,” he says. “Berkshire became a company that collects other companies, and now one share of Berkshire is worth $160,000.”
OK, this is just childish speculation.

Quote
The Kool-Aid tastes good, I think.

clout

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Re: AMAZING article on Bitshares and Reddit Thread: Chime in, please!!!
« Reply #5 on: April 19, 2014, 01:21:17 AM »
newmine, i love it when you post. you never make much sense.

Offline toast

Re: AMAZING article on Bitshares and Reddit Thread: Chime in, please!!!
« Reply #6 on: April 19, 2014, 04:36:01 AM »
I thought it made sense and that newmine has some good points

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Offline G1ng3rBr34dM4n

Re: AMAZING article on Bitshares and Reddit Thread: Chime in, please!!!
« Reply #7 on: April 19, 2014, 05:08:10 AM »
I thought it made sense and that newmine has some good points

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+5%

Offline mint chocolate chip

Re: AMAZING article on Bitshares and Reddit Thread: Chime in, please!!!
« Reply #8 on: April 19, 2014, 05:22:56 AM »
Don't trip.

clout

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Re: AMAZING article on Bitshares and Reddit Thread: Chime in, please!!!
« Reply #9 on: April 19, 2014, 05:27:28 AM »
Please chime in and help keep this thread (which I did not start) up on Reddit. The Bitcoin mods may take it down, so the second link below shows the article it references...which is superb for Bitshares, one of the best and most stoked explanations I have seen.

http://www.reddit.com/r/Bitcoin/comments/23d3ux/how_i_became_a_bitshares_believer_in_917_words/



http://crypt.la/2014/04/18/bitshares-believer/

While it is a positively written article for Bitshares, it's a terrible piece of work and the premise feels made up.
A terrible piece of work? I thought it was well-written and quite clear, something that's difficult to do when writing about new technology. And what premise felt made up to you?


Quote
Wrapping your mind around Bitshares is like taking the Electric Kool-Aid Acid Test.
The Electric Kool-Aid Acid Test is a book by Tom Wolfe about Acid parties, not a real Test. Comparing Bitshares to an acid trip seems out of place.
wrapping your head around the bitshares concept is a complicated process that requires one to dispense with the traditional reality of things and reimagine the world in the context of innovation. when you go on an acid trip you dispense with reality and reimagine the world around you through the lens of your own creative faculties. an acid trip is a very interesting comparison to make 
Quote
“In the dotcom era, there were all these ideas, all these companies, but none of them made any money,” Mr. Page says...
Ok. "None", are you sure?
virtually none of them were profitable. brian is articulating the main difference between bitcoin and bitshares, profitability. there is a lot of irrational exuberance in the crypto-equity space that is indicative of people misunderstanding key fundamentals, as is consistent with what occured during the dotcom era
Quote
“The algorithm says 50 percent of ticket sales go to one winner,” he says. “The other 50 percent goes as profit to shareholders. Immediately, that DAC would be profitable.
This is how a lottery works. Most lotteries have a more complicated algorithm where their is a tiered structure of winners. Nothing special.

i dont quite get your point. brian is explaining the simplest possible model for a profitable dac

Quote
“Look at Berkshire Hathaway and Warren Buffet,” he says. “Berkshire became a company that collects other companies, and now one share of Berkshire is worth $160,000.”
OK, this is just childish speculation.

this is actually a really good way to look at what bitshares is doing from a more traditional perspective. brian isnt saying the price of pts or xts is going to be comparable or exceed the share price of berkshire, he is simply demonstrating the invesment opportunity present in owning several profitable companies

Quote
The Kool-Aid tastes good, I think.

http://forums.na.leagueoflegends.com/board/attachment.php?attachmentid=773993&d=1378416205

bitbro

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Re: AMAZING article on Bitshares and Reddit Thread: Chime in, please!!!
« Reply #10 on: April 19, 2014, 06:37:16 AM »

Don't trip.

+1


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Offline oco101

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Re: AMAZING article on Bitshares and Reddit Thread: Chime in, please!!!
« Reply #11 on: April 19, 2014, 04:39:58 PM »
Please chime in and help keep this thread (which I did not start) up on Reddit. The Bitcoin mods may take it down, so the second link below shows the article it references...which is superb for Bitshares, one of the best and most stoked explanations I have seen.

http://www.reddit.com/r/Bitcoin/comments/23d3ux/how_i_became_a_bitshares_believer_in_917_words/



http://crypt.la/2014/04/18/bitshares-believer/

While it is a positively written article for Bitshares, it's a terrible piece of work and the premise feels made up.
A terrible piece of work? I thought it was well-written and quite clear, something that's difficult to do when writing about new technology. And what premise felt made up to you?


Quote
Wrapping your mind around Bitshares is like taking the Electric Kool-Aid Acid Test.
The Electric Kool-Aid Acid Test is a book by Tom Wolfe about Acid parties, not a real Test. Comparing Bitshares to an acid trip seems out of place.
wrapping your head around the bitshares concept is a complicated process that requires one to dispense with the traditional reality of things and reimagine the world in the context of innovation. when you go on an acid trip you dispense with reality and reimagine the world around you through the lens of your own creative faculties. an acid trip is a very interesting comparison to make 
Quote
“In the dotcom era, there were all these ideas, all these companies, but none of them made any money,” Mr. Page says...
Ok. "None", are you sure?
virtually none of them were profitable. brian is articulating the main difference between bitcoin and bitshares, profitability. there is a lot of irrational exuberance in the crypto-equity space that is indicative of people misunderstanding key fundamentals, as is consistent with what occured during the dotcom era
Quote
“The algorithm says 50 percent of ticket sales go to one winner,” he says. “The other 50 percent goes as profit to shareholders. Immediately, that DAC would be profitable.
This is how a lottery works. Most lotteries have a more complicated algorithm where their is a tiered structure of winners. Nothing special.

i dont quite get your point. brian is explaining the simplest possible model for a profitable dac

Quote
“Look at Berkshire Hathaway and Warren Buffet,” he says. “Berkshire became a company that collects other companies, and now one share of Berkshire is worth $160,000.”
OK, this is just childish speculation.

this is actually a really good way to look at what bitshares is doing from a more traditional perspective. brian isnt saying the price of pts or xts is going to be comparable or exceed the share price of berkshire, he is simply demonstrating the invesment opportunity present in owning several profitable companies

Quote
The Kool-Aid tastes good, I think.

http://forums.na.leagueoflegends.com/board/attachment.php?attachmentid=773993&d=1378416205
+1

Offline fuzzy

Re: AMAZING article on Bitshares and Reddit Thread: Chime in, please!!!
« Reply #12 on: April 20, 2014, 02:56:14 PM »
Please chime in and help keep this thread (which I did not start) up on Reddit. The Bitcoin mods may take it down, so the second link below shows the article it references...which is superb for Bitshares, one of the best and most stoked explanations I have seen.

http://www.reddit.com/r/Bitcoin/comments/23d3ux/how_i_became_a_bitshares_believer_in_917_words/



http://crypt.la/2014/04/18/bitshares-believer/

Your efforts are awesome man..
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