Why do you have any confirmation from DNS,Music teams that they will join up with BTS?

Peertracks is independent, DNS I'm not sure.

I've been listening and find myself agreeing with BM. To summarize:

• BM has an obligation to create something for post-28th feb donations and PTS holders, leading to the perceived conflict of interest
• Fusioning all DACs into BTSX under the name BTS would focus BM on a single DAC
• A fusion would be done through a second, final snapshot of PTS/AGS
• This snapshot would create new BTSX to honor current PTS/AGS holders
• This snapshot will focus all the funds on the same project in order to accelerate development
• Any new features such as VOTE would be created inside BTS
• Future scaling problems would be addressed using a spin-off: a snapshot of BTS used to create a new DAC

TLDR: Buying out PTS/AGS to create a bigger, better DAC with more features, more funding, better marketing potential and complete developer focus.

 

Quote from: oco101 on October 19, 2014, 06:23:12 pm

Quote from: stuartcharles on October 19, 2014, 06:20:18 pm

I think we also need an explanation as to how all of the negative aspects of "one chain to rule them all" no longer apply?

Fully agree.

This is not "one chain to rule them all".   
(Bytemaster merely mentioned that such claims would be incorrectly made.)

Two or three synergistic chains would be merged.
Other unbelievably powerful features would be added to that mix.
The network effect to maintain one bitUSD would be preserved.
And that's where Bytemaster next focuses his innovative energies.

But...
Most of our current DACs would remain independent.

More third party clones would still be tailored for unique markets.
(We'll be working to help launch one of those most of next week.)

Just a few are stronger together.
And if we don't combine them, someone else will.

Ok so we need to know which dacs/features will be merged and could potentially merged in the future.  And why are third party dacs getting help?  If the whole point is to focus on only BTS only then third party dacs shouldn't be taking the teams time at all.  I don't know any companies that say 'next week we'll mostly be working for a different company' :s.

Edit:  Unless the plan is to somehow merge with them too once they've proven themselves?

Edit:  just realized this could sound rude, and I don't mean to, but there aren't other dev teams i know of working on other projects in the middle of launching a startup, that itself consists of multiple dacs!  Isn't a mega-dac with fingers in multiple industries enough for one team?

Let's be clear. This isn't an issue about guts or cojones. It's an issue about judgment. Does leadership have the holistic vision and depth of judgment to do what's best for Bitshares and the industry overall? Or, are they unduly influenced by a vocal minority here who are heavily vested in bitshares from pre-Feb 28th or who may have other, hidden agendas?

I hold only BTSX and I'm in favour of this because I want a strong bitUSD and an adaptable DAC that isn't competing with a bunch of other bitUSDs.  Bitshares DACS all use the same business model of creating a stable bitasset backed by their shares.  They could be in completely different industries (Voting, banking) but still be in pointless competition due to sharing the same business model, that of popularizing their bitasset(s).  Why not bring the DACS together so they can compete against their real competitors and merge with their natural allies. 

I had a look at the chinese forum (with google translate) and they seem to be confused about what's going on.  Maybe they could use a translation?

And market cap + volume of bitUSD is up a bit, people using it to hedge within the system

Thanks, interesting listen.

Is VOTE dac an independant dac and are they still getting its own bitUSD debit card (for their own version of bitUSD) or are they on the same blockchain as BTSX with this proposal?

I noticed bitUSD market cap and volume went up today.  Looks like people are hedging within the system against BTSX falling   If it goes down much more i'll double down, a united Bitshares under BM new proposal sounds stronger than ever.