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General Discussion / Re: Major Banks (Goldman Sachs) Research - We'll want this
« on: March 16, 2014, 08:20:26 pm »
The report is long on FUD, but look at the table on cost savings.
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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.
[T]he whole idea behind BTS X is to establish price ratios without having an external price feed using just a prediction-market-like mechanism.
Songspace is a much better name than Bitshares music.
We were able to get Mike O'Brian for the voice over for the "What are Bitshares" video. Should be ready by Mar 21 on new site.
http://www.mikeobrianvoiceovers.com/demos/
I think we should do whatever we can to get all the alt-coiners to come here. It will probably kill the alt-coin bubble too, when they can swap it for BitGold or BitUSD.
You can't have it both ways everyone wants something for nothing.
Bytemaster I have to take my hat off to you. This idea could change society for the better and is even bigger than Bitshares.
Why can't we start with this community? We'll all join in and find out if it works in practice.
Isn't that the purpose of our community? To help develop and test these new DACs?
I think we should be bold and go straight for health insurance. We all will grow old someday and we will all need it. The other insurance we will all need is something to protect us from theft. You and I both know that theft is a major concern and will only get worse.
When I was thinking about economic allegiance systems I was thinking that this is one of the sort of things you could do. I think insurance is really just the tip of the iceberg really for the kinds of organizations you can build.
We have to start somewhere though and insurance is a great place to start.
Also, think of people who may already be in Vegas.