Quote from: BTSdac on March 16, 2014, 12:32:45 pm

Quote from: fredafrica on March 16, 2014, 08:39:39 am

Quote from: Stan on March 16, 2014, 03:36:52 am

Quote from: FBI on March 16, 2014, 03:20:46 am

Is this the Roadmap of 3I development group?

BTS X was a compromise over BTS, BTS ME is a compromise over BTS X, what's next? Can you just make something working?

So far, it seems the only working product of 3I is PTS, which is technically no different from other thousands of altcoins.

Keyhotee has been advertised a long time, but neither of the basic two functions, decentralized communication and wallet, is realized. 

BTS has been delayed many times, before BTS ME is introduced.

I now really doubt the development ability of 3I, because I've never heard any successful company that CEO and key developer are the same person.

I was a fun of 3I, now I am considering to quit.

As Toast has reported, the code is essentially developed but the community has given great feedback about issues requiring more testing.  It would be foolish to launch all features at once without careful testing.  We must protect investors money.

I would never launch a new aircraft without lots of high-speed taxi testing on the ground before a short and very careful test flight over an unpopulated test range wearing two parachutes.   

You get to watch the tests incrementally this spring and evaluate our progress in a controlled environment.
In the meantime, we release the fruits of our work so far in tangible, useful form.  Other products you can trade, test, and experiment.

This will continue.  This is what we do.  Those who understand what it takes to bootstrap an entire industry will appreciate and approve. 

And this month we will make XTS liquid, so that those who are impatient will have a fair option to stay or go, as they choose.

Meanwhile, the Newsletter we are finalizing will lay out the complete roadmap for the coming quarter.  We are very excited about it.

 

Hello Stan,

It seems that some problems happened to the development of BTS X. And are there enough developers who are following the job? I just wondering just one guy who is Daniel in the team together with all the works such as developing, bug fixing, forum updating and so on?

Maybe I am not the first person who is asking this question. And sorry for my rudeness, I am worried about the process of Bitshares. Maybe you gonna finish the Bishares X first and after that you gonna focus on the other DAC.

Best regards
Fred

I think so 

As Toast reported, most of the required software for BitShares X written.  Adding more developers will not help.  Bytemaster must think, test, observe, discuss, adjust, test, observe, think...  until he is confident that all known attacks can be stopped.  This will take time and he has developed a step by step test plan that minimizes risk to holders of XTS.

Adding more people to this would make no difference.

Quote from: bytemaster on March 13, 2014, 05:55:01 am

Quote from: BldSwtTrs on March 12, 2014, 01:06:04 pm

Quote from: bytemaster on March 11, 2014, 03:00:35 pm

Quote from: lzr1900 on March 11, 2014, 10:21:49 am

Any updates?thanks.

I have spent the past couple of days refactoring the code and preparing a much more robust testing environment for unit tests.

Will it be ready for the Ides of March?

I am working here side by side with toast in a coding marathon.  We are making good progress, but we will not hit our goal  .   We will have a much more detailed status update / report in the next few days. 

Thank you for all your hard work. The quality is more important than the timing. 

"I've always believed that if you put in the work, the results will come." --Michael Jordan

Quote from: bitbro on March 09, 2014, 04:23:43 pm

But profit will only be produced by decentralized autonomous companies, so where do i3's profit seeking objectives actually meet with their theory of DACs?  And how exactly did li xiaolai and any other initial investor see that their investment would return over time?

It has been said/implied in other places, but I would like to outline our strategy for Invictus making a return for the shareholders of I3.

1) Invictus develops software at-cost and takes no profit as a company.  Ie: We will be spending 100% of AGS funds on R&D with no fee-for-service.
      a) Officers in the company receive salaries far below market value.

2) Invictus used initial VC funds to do the following:
      a) build & develop a business plan
      b) build PTS
      c) mine & buy PTS
      d) contribute funds to AGS on equal footing with everyone else.
      e) we have only received $450K of the initial $575K commitment as scheduled.

3) As a result of the initial steps the company holds free and clear (as profit) about 5% of the Feb 28th snapshot which we estimate to be worth about $2.5 million based upon PTS price prior to snapshot.  If we were to distribute everything except the AGS funds our investors would already see a profit and we haven't even released our first full DAC yet.

4) As we spend the 4+ million in AGS funds we have received we will grow the value of our 5% along with the other 95% which is owned by the community.

5) The nice thing about this strategy is that our 'profits' are all in the form of capital gains.   

The numbers and figures used in this example are mere approximations and should not be construed to represent actual numbers which only our accountant has.

The original business plan when Charles was CEO was something along the lines of:
   1) Build Keyhotee and attract a lot of eyeballs (users)
   2) Monetize these eyeballs through hardware sales (wallet, miners, add-on services)
   3) Build DACs that use our dedicated mining hardware.
   4) Run a mining pool and collect all of the fees.

As you can see we had to pivot our business plan when I eliminated mining.   You can also see that our new business model aligns our interests with those of the community much better than the old plan.   By owning shares in profit generating DACs Invictus in turn also generates profits.

Lastly we are partnering with other companies and we are earning revenue from consulting and custom development (outside of AGS).   
     

I have found that viewing your life as an epic adventure makes it more fun to live.  So I often view myself as Frodo carrying the Ring of power to be thrown into the fire of decentralization.  We are being fought on all sides by those who would enslave man kind and the all seeing eye is watching our every move.   



Living an epic life is just more fun even if you end up dieing  for the cause.