0 Members and 1 Guest are viewing this topic.
Toast has been a great member of our team but has always been a free agent and not an employee. He came to BTS to produce the DNS chain but that has been absorbed by BTS.He is currently serving as a liaison to BTS Music team which was progressing largely without technical support from the core team until Toast went over to help. I recently talked with Toast about the future for BTS Music and am gathering the requirements that they would need to launch on the BTS chain rather than their own chain. To my knowledge Toast is actually bringing new money into the BTS ecosystem and is still a believer in our future. I applaud Toast for finding a way to pay his bills while still contributing to our ecosystem full time without having to sell all of his BTS. Toast is sending any BTS his delegates earn to the angel account and we are using those funds to keep the other developers fed. To Clarify: Music is still planning their own chain and that hasn't changed. I am merely attempting to find out what it would take to CHANGE that while still providing a win for NOTE holders. It is possible that nothing could change that. COB and Eddie have done said nothing and my position has long been a desire to bring them into BTS.
Quote from: yellowecho on April 23, 2015, 02:15:21 pmQuote from: Gentso1 on April 23, 2015, 12:23:20 pmAt this point I WOULD like to sell note on the Bitshares blockchain.What's stopping you? NOTES are in the internal market.Sorry I worded that wrong.Hopefully Note will stay on the Bitshares blockchain and not create its own chain.
Quote from: Gentso1 on April 23, 2015, 12:23:20 pmAt this point I WOULD like to sell note on the Bitshares blockchain.What's stopping you? NOTES are in the internal market.
At this point I WOULD like to sell note on the Bitshares blockchain.
Quote from: tsaishen on April 21, 2015, 05:24:45 pmThanks everyone for the detailed explanation on NOTES. I had read the info before but it never really clicked for some reason. Sounds like an incredible project.The reason why it is not perceived as hostile is because they allocated 70% of their stake to people who held AGS, PTS and BTS, and 20% went to a crowd-sale where anyone could participate. In essence they raised money for a new project, and still gave "us" most of the stake in that new project, which makes most of us more than happy to support them. The main reason why some would want a merger is because it would be ideal with more liquidity in the BTS system ASAP. So the pro/con mainly becomes a technical/marketing consideration rather than a question of ownership.
Thanks everyone for the detailed explanation on NOTES. I had read the info before but it never really clicked for some reason. Sounds like an incredible project.
Quote from: tsaishen on April 20, 2015, 02:56:19 pmNot to be stupid here, but what exactly the heck is notes and why is it not part of the blockchain? I'm trying to grok the ecosystem a bit better here.What would be their reason for running a blockchain fork which to my mind would be a hostile action.I find it strange that you are involved in developing a major BTS integrated solution and don't know what notes are.Sent from my iPad using Tapatalk
Not to be stupid here, but what exactly the heck is notes and why is it not part of the blockchain? I'm trying to grok the ecosystem a bit better here.What would be their reason for running a blockchain fork which to my mind would be a hostile action.
I hate to be a spoiler but we have increased the Bitshares supply to acquire DNS and Vote. Everyone was screaming about dilution and then BTS started its downfall. I for once was in favor of the increased supply of BTS and thought that acquiring DNS and Vote would be hugely beneficial for BTS. DNS is very important. Toast who supposed to create Bitshares DNS now works for Music...It reminds me the days that Brian Page, our super marketing director left Bitshares just after our short lived pump.I really like Toast and he has been always very helpful so I am happy for his decisions in working with Music so I wish him all the best. I just hope I don't see anyone else leaving any time soon and projects to remain unfinished..
You can find that information here: http://whatarenotes.info/Under "NOTES VALUE":QuoteOne of the differences between the current BitShares blockchain and the upcoming BitShares Music blockchain is that the BitAsset market engine will be removed. BitShares Music will serve as a distributed, on blockchain, market for all UIAs. This includes both artist tokens and USD pegged IOUs created and issued out by gateways that protect all users and artists from volatility.Gateways provide the on and off ramp to/from fiat_USD to crypto_USD.Those that fear counterparty risk from the gateways (you must trust the gateways to redeem the IOU_USD for a real USD) can move their funds into BitAssets, like BitUSD, BitCNY or even BitGOLD, on the BitShares blockchain since BitAssets are free from counterparty risk. Under "UPCOMING WALLET":QuoteMoonstone.io will be integrated seamlessly within PeerTracks from day one. Moonstone allows for low trust crypto-to-crypto exchange between multiple different blockchains. This will provide much needed initial liquidity for BitShares Music. Initial crypto pairs available on Moonstone include: Bitcoin BitShares (Including all UIA and BitAssets like BitUSD and BitCNY) BitShares Music (including all artist tokens and gateway IOUs) BitShares PlayMoonstone provides a simple exchange interface for both markets within the corresponding blockchains and in between blockchains. Hope that helps.
One of the differences between the current BitShares blockchain and the upcoming BitShares Music blockchain is that the BitAsset market engine will be removed. BitShares Music will serve as a distributed, on blockchain, market for all UIAs. This includes both artist tokens and USD pegged IOUs created and issued out by gateways that protect all users and artists from volatility.Gateways provide the on and off ramp to/from fiat_USD to crypto_USD.Those that fear counterparty risk from the gateways (you must trust the gateways to redeem the IOU_USD for a real USD) can move their funds into BitAssets, like BitUSD, BitCNY or even BitGOLD, on the BitShares blockchain since BitAssets are free from counterparty risk.
Moonstone.io will be integrated seamlessly within PeerTracks from day one. Moonstone allows for low trust crypto-to-crypto exchange between multiple different blockchains. This will provide much needed initial liquidity for BitShares Music. Initial crypto pairs available on Moonstone include: Bitcoin BitShares (Including all UIA and BitAssets like BitUSD and BitCNY) BitShares Music (including all artist tokens and gateway IOUs) BitShares PlayMoonstone provides a simple exchange interface for both markets within the corresponding blockchains and in between blockchains.
Quote from: Globally Distributed on April 20, 2015, 11:45:33 pmQuote from: arhag on April 20, 2015, 11:43:50 pmQuote from: robrigo on April 20, 2015, 03:15:16 pmBasically, a new DAC is launching to focus on entertainment startups that want to leverage the functionality of BitShares. This DAC won't have market pegged assets and will function autonomously from BitShares. Multi-currency wallets such as moonstone will act as the bridge between multiple chains, so one can still trade between artistcoins issued on the Entertainment DAC and bitUSD issued on BitShares.Citation needed.not sure on the minute mark...https://soundcloud.com/beyond-bitcoin-hangouts/beyond-bitcoin-music-dev-hangout-03-27-2015-s3Thanks. I listened to this hangout before and don't remember the bolded conclusions above. I will listen to it again.Although, I would appreciate it if bitsapphire could just confirm whether it is true or not and save me time.Edit: I only skimmed through it (it would be so nice if there were transcripts), but I am pretty sure those claims were not made in that hangout.
Quote from: arhag on April 20, 2015, 11:43:50 pmQuote from: robrigo on April 20, 2015, 03:15:16 pmBasically, a new DAC is launching to focus on entertainment startups that want to leverage the functionality of BitShares. This DAC won't have market pegged assets and will function autonomously from BitShares. Multi-currency wallets such as moonstone will act as the bridge between multiple chains, so one can still trade between artistcoins issued on the Entertainment DAC and bitUSD issued on BitShares.Citation needed.not sure on the minute mark...https://soundcloud.com/beyond-bitcoin-hangouts/beyond-bitcoin-music-dev-hangout-03-27-2015-s3
Quote from: robrigo on April 20, 2015, 03:15:16 pmBasically, a new DAC is launching to focus on entertainment startups that want to leverage the functionality of BitShares. This DAC won't have market pegged assets and will function autonomously from BitShares. Multi-currency wallets such as moonstone will act as the bridge between multiple chains, so one can still trade between artistcoins issued on the Entertainment DAC and bitUSD issued on BitShares.Citation needed.
Basically, a new DAC is launching to focus on entertainment startups that want to leverage the functionality of BitShares. This DAC won't have market pegged assets and will function autonomously from BitShares. Multi-currency wallets such as moonstone will act as the bridge between multiple chains, so one can still trade between artistcoins issued on the Entertainment DAC and bitUSD issued on BitShares.
To Clarify: Music is still planning their own chain and that hasn't changed. I am merely attempting to find out what it would take to CHANGE that while still providing a win for NOTE holders. It is possible that nothing could change that. COB and Eddie have done said nothing and my position has long been a desire to bring them into BTS.
TO TOAST!(I still think BitSharesTOAST was the best idea that never happened)
Quote from: tsaishen on April 20, 2015, 02:56:19 pmNot to be stupid here, but what exactly the heck is notes and why is it not part of the blockchain? I'm trying to grok the ecosystem a bit better here.What would be their reason for running a blockchain fork which to my mind would be a hostile action.In the future there might be a Bitshares VIDEO, who knows?
think of it this way .The development fund of BTS------ namely AGS , has a lot of stake in the Music system . If Music will be to the moon , that means the development budget of BTS will have great increase in value , and be worth to compensate the BTS developers . In fact , we would want to help all of the DACs who have gave AGS fund significant stake to succeed .
Quote from: Ben Mason on April 20, 2015, 01:19:09 pmThank you Toast. Long may your journey with BitShares continue. BitShares Music will surely benefit from your expertise! Haha.. interestingly, I can recall forum members complaining a year ago how BM could possible offer a job to a "newbie" from the university
Thank you Toast. Long may your journey with BitShares continue. BitShares Music will surely benefit from your expertise!
Haha.. interestingly, I can recall forum members complaining a year ago how BM could possible offer a job to a "newbie" from the university
Toast has been a great member of our team but has always been a free agent and not an employee. He came to BTS to produce the DNS chain but that has been absorbed by BTS.
He is currently serving as a liaison to BTS Music team which was progressing largely without technical support from the core team until Toast went over to help. I recently talked with Toast about the future for BTS Music and am gathering the requirements that they would need to launch on the BTS chain rather than their own chain.
To my knowledge Toast is actually bringing new money into the BTS ecosystem and is still a believer in our future. I applaud Toast for finding a way to pay his bills while still contributing to our ecosystem full time without having to sell all of his BTS. Toast is sending any BTS his delegates earn to the angel account and we are using those funds to keep the other developers fed.