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Offline Stan

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The right way to deal with regulators if you want to work on the operational side of a DAC:

https://bitsharestalk.org/index.php?topic=4396.msg63431#msg63431
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.

Offline xeroc

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Re: The right way to deal with regulators if you want to "run" a DAC
« Reply #1 on: June 04, 2014, 06:35:23 AM »
+5% .. exciting times!
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline Amazon

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Re: The right way to deal with regulators if you want to "run" a DAC
« Reply #2 on: June 04, 2014, 02:49:32 PM »
 +5% totally agree
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Offline donkeypong

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Re: The right way to deal with regulators if you want to "run" a DAC
« Reply #3 on: June 04, 2014, 04:14:22 PM »
Absolutely. One mishandled DAC that raises legal issues could create bad PR that taints the whole ecosystem. At the same time, if they take the time and energy to eliminate these concerns, then DACs can begin building a good reputation with the regulators. If the regulators understand and respect these entities, that means better treatment for all.

Offline eagleeye

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Re: The right way to deal with regulators if you want to "run" a DAC
« Reply #4 on: September 02, 2014, 11:28:57 PM »
Absolutely. One mishandled DAC that raises legal issues could create bad PR that taints the whole ecosystem. At the same time, if they take the time and energy to eliminate these concerns, then DACs can begin building a good reputation with the regulators. If the regulators understand and respect these entities, that means better treatment for all.

When your referring to DAC are you referring to the bitUSD, bitGold, bitGOOG, bitBond, bitMusic?  Or are you referring to Bitshares PTS or AGS (I dont even know what Bitshares AGS is?)

Offline Riverhead

Re: The right way to deal with regulators if you want to "run" a DAC
« Reply #5 on: September 03, 2014, 02:17:07 AM »

When your referring to DAC are you referring to the bitUSD, bitGold, bitGOOG, bitBond, bitMusic?  Or are you referring to Bitshares PTS or AGS (I dont even know what Bitshares AGS is?)

You should shortcut this link. It's very handy with all the new ideas flying around.

http://bitshares.org/faq/

It provides clear concise ~100 word descriptions of most if not all the concepts we're dealing with.

To answer this post: A DAC is a Distributed Autonomous Company. BitSharesX is a DAC of a derivatives exchange where BTSX are shares in the exchange, like owning shares in the NYSE.

AGS are Angle Shares. They were PTS and BTC donations to an "Angel Fund" that was used to bootstrap the company - pay for office space, developers, marketing, etc. It was a limited time round of public funding. Now when a DAC that honors the social contract is released there is a percentage, often 10%/10% allocated to PTS/AGS holders/donors the time of the snapshot (date/time of the genesis block).

Offline eagleeye

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Re: The right way to deal with regulators if you want to "run" a DAC
« Reply #6 on: September 03, 2014, 07:49:35 AM »

When your referring to DAC are you referring to the bitUSD, bitGold, bitGOOG, bitBond, bitMusic?  Or are you referring to Bitshares PTS or AGS (I dont even know what Bitshares AGS is?)

You should shortcut this link. It's very handy with all the new ideas flying around.

http://bitshares.org/faq/

It provides clear concise ~100 word descriptions of most if not all the concepts we're dealing with.

To answer this post: A DAC is a Distributed Autonomous Company. BitSharesX is a DAC of a derivatives exchange where BTSX are shares in the exchange, like owning shares in the NYSE.

AGS are Angle Shares. They were PTS and BTC donations to an "Angel Fund" that was used to bootstrap the company - pay for office space, developers, marketing, etc. It was a limited time round of public funding. Now when a DAC that honors the social contract is released there is a percentage, often 10%/10% allocated to PTS/AGS holders/donors the time of the snapshot (date/time of the genesis block).

Ill read it again, thank you.

 

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