Quote from: delulo on September 08, 2014, 06:28:34 pm

Ok, got it.

Quote

(in the form of BitUSD but Notes are what the collateral is on the back end)

This means you have your own BitAssets on your BitShares Music blockchain?

yhea .. cross chain trading ... => more demand for bitUSD ..

So there will be a bitUSD market  that will work in Bitshare Music, and the collateral will be notes ? Is this right ?

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done !!!

 I don't get it :

An artistcoin’s value is determined by supply and demand. PeerTracks has a system in place that ties the sale of content (music) to supply and demand. Meaning the more music the artist sells on the website, the more his artistcoin should be worth.

Say you find an artist early on, before he is popular, you like his music and decide to buy his coin. If that artist goes mainstream and starts selling music on PeerTracks, his artistcoins should each be worth more now then when you purchased them.

I don't understand why artistcoin it is worth more if is is successful ? So ok I  buy  the artistcoin because you want to help fund the artist career. Now I have the coin so what ? What's  the artiscoin give me back ?  Why somebody would  want to buy it from me  ? what are his incentives ?
This part  is pretty  essential  on peertraks system and at first glance it is not clear at all why I artistcoin has value.
Sorry if the information is there and i missed it.

Quote from: xeroc on September 05, 2014, 05:52:09 pm

Unless tgey run with you dollars and leave you behind with coinos and no buyers

It is indeed a risk of centralization.  But odds of that happening are low.

And if it happens we can always start up a fakeUSD asset that we claim is worth a dollar even though it's not backed up anything and use it to refund the customers their money. Maybe we can bring future fakeUSD assets into creation by shorting...

Seriously I hope BitUSD is successful, I just don't see it though.  Maybe if you hide the details from people so they think that BitUSD actually is backed by USD..

Also, they are in the process of getting some kind of financial license in the UK to make sure everything is legal.

bitUSD is is backed by USD, see that the thing that you don't get. As long Btsx has value bitUSD is backed by USD without any centralization whatsoever. What you are saying there is a danger that BTSX has no more value then your bitUSD it is not backed anymore. Sure it could happen but btsx it is not just a coin it is a business behind it and that's the value. Now all the altcoins out there,  with a few exception, they are just ... well coins.

Think of it this way.
Would you rather have 20% of a crapcoin or 10% of a billion dollar DAC?

In order for this to be a serious project we have to pay for QUALITY developers, expert legal counsel and of course, marketing. The Pre-Sale is what opens up the gates to the big boy world.

Sure we can just launch a DAC with NONE of that and give it all to you, here you go, take 90% of the worthless fork!

I guarantee you that with the funds amassed by the pre-sale, we will be in a position to launch a blockchain that actually has value.

So the options are not 10% of gold or 20% of gold. where we decided to give as little as possible.
The real world options are:
Do we give 20% of a valueless, plain ol altcoin or do we use 10% to make the final 10% into gold?

These are the real world options, take your pic.

Does this make sense?

Yup a lot of sense in there !!!!

Quote from: delulo on September 04, 2014, 11:10:51 am

Quote from: cob on September 04, 2014, 02:56:27 am

We are!

The name will be announced in a few days.

With the landing page where you can get all the info you can read ^^

Also the white paper yes!

There is going to be a Pre-Sale announced soon too. For those that want to throw some BTC our way for dev funding and attorney fees.

10% of the DAC will still go to PTS holders of course. 10% to AGS too. Some is used to fund the project and establish partnerships, etc. And the rest is being distributed through the pre-sale. News coming soon! Within a week guys. Bear with us just another couple of days haha

Plan changed?

Quote from: Stan on April 09, 2014, 08:45:39 pm

Eddie and cob announced their groundbreaking entry into the Bitshares Music family in New York today

We will have video of their presentation for you in a day or three.

He split his shares with Bitshares  50/50 which gets you

25% PTS
25% AGS

The other half honors the coin he had planned to use before meeting us in Texas - Zenithcoin

Hopefully cob meant at least 10% for AGS and PTS. Otherwise that's not good for initial donors and stakeholders 

10% for AGS and PTS respects the social contract so it is good, for everybody.

http://www.reddit.com/r/BitShares/comments/2f91ps/bitgld_to_xau_bridge_being_considered_by/

That would be nice

BTSX6zKw6A9iGNooQP94GGQzbpHG6vmLe8UUPkam4xgdhkipnMJMdv

Can I get some initial funds please, to register my account? Thanks in advance!

sent