With stable tech and good marketing BTS will attract billions of investment over the next two or three years.

If the tech is not superseded by something better, which DPOS kinda makes impossible, global adoption could conceivably push BTS to become the first trillion-dollar crypto.

A trillion dollar market cap for BTS is not so far flung as it sounds.

Quote from: OldMan on November 06, 2014, 04:50:04 am

Imagine loading a browser-based wallet with a few bitUSD and grabbing videos a la cart for a buck or two... or paying cam girls directly.

A la carte video and tipping cam girls can be achieved equally well with any crypto.  It is the recurring billing we have a monopoly on.

Sure, but the stability, transaction time and TITAN put bitUSD miles ahead of any other existing crypto.

Hold for two years.

Re-evaluate when BTS is $1-$10.

Then hold again.

Once the tech is stable and on/off ramps in place everyone on this forum should approach any and all credit unions in their communities and ask for bitAssets to be onboarded.

If just one brick-and-mortar bank made bitAssets available as savings/investment account it would provide a marketing opportunity to leap-frog Bitcoin in at least one aspect of mainstream adoption.

Actually there are three steps to happiness:

1. Hodl

2. Buy

3. Repeat

Everyone together now...

"The World's First Unmanned Company" is much more compelling.

 

Quote from: bytemaster on October 31, 2014, 10:13:37 pm

We hodl these truths to be self evident, that all men are created equal with certain inalienable rights that among these are Life, Liberty and Property....

Could we change the nouns?

Individuals or persons.

It would be a non binding expression of core principles and vision.   It would not be a set of rules... the rules are enforced by the code and the market.   

We hodl these truths to be self evident, that all men are created equal with certain inalienable rights that among these are Life, Liberty and Property.   That to secure these rights social consensuses are adopted that apply equally to all men and the highest convention is that no man shall do unto another man that which he would not want done unto himself. 

We recognize that property rights are essential to the security of life and liberty and that the primary purpose of social consensus systems is to establish property rights that are indisputable or quickly resolved without using the threat force or coercion.   

We recognize that no man shall be compelled to join our endeavor and that each man shall have an opportunity to profit from our common venture proportional to their contributions to this venture and that all shall share equally in the costs funded by issuance of new BTS subject to the approval of existing BTS holders.

We recognize that a common stake known as BTS shall be used to track each individuals contribution and that the holders of BTS shall not have the power to redefine property rights in other asset classes.  (this gets tricky... but probably needs to be addressed).

Great stuff!

This should be cleaned up, given a catchy title (Declaration of Freedom? BitShares Constitution?) and put up on the forum, wiki, main page etc.

A constitution is meant to be social glue. It's in writing and is "official". Eventually people start to almost worship it like a holy book; so I see merit in having our own. As mentioned previously, the first rule should be that changing the constitution requires a 75% supermajority, otherwise inflation is fixed. You get the best of both worlds this way: investor confidence and the ability to tackle both known unknowns and unknown unknowns.

Agree whole-heartedly.

Cap inflation and require a 75% majority to change it.

Huge boost to investor confidence, including my own.

A written and public constitution with a few simple and hard rules would be a novelty in the crypto space and may garner substantial publicity.

I would highly recommend modelling the language of the constitution on the Declaration of Independence.

Life, Liberty and the Pursuit of happiness.

Man would that resonate... freedom rising from the ashes of a corrupt and crushing system.

The 75% super-majority is also an excellent mechanism for establishing the ground rules while providing a robust mechanism for altering them.

The code is the constitution.  Nothing more is needed.

Very true...

Perhaps what is needs is a plain-English summary of the main philosophies the code realizes and the basic framework of rules that will require a super-majority to alter.

I still like the DOI tie-in.

Perhaps a Declaration of Economic Independence?