He took a $100k in altcoin Losses for Q1 2015.
He took a $100k inaltcoinbitshares Losses for Q1 2015.
boardofdirectors@overstock.com
INVESTOR RELATIONS
Contact: Mark Harden
Phone: (801) 947-5409
MEDIA RELATIONS
Phone: (801) 947-3564
https://twitter.com/overstockceo
It was too obvious even for me to miss! The central problem of artisan production – how to marry scattered small-lot production to mass demand – is indistinguishable from that of liquidation. And, by one of those weird coincidences that seem to govern my life, this was a problem I had already built the most effective mechanism to solve: Overstock.com.http://www.overstock.com/85772/static.html
Upon returning to the States, I formulated plans for Worldstock, a store within Overstock.com devoted solely to carrying the works of artisans – especially disadvantaged artisans – and selling them as inexpensively as possible so as to maximize the amount of return for them.
QuoteHe took a $100k inaltcoinbitshares Losses for Q1 2015.
Maybe. :P
http://www.overstock.com/85772/static.htmlQuoteboardofdirectors@overstock.com
INVESTOR RELATIONS
Contact: Mark Harden
Phone: (801) 947-5409
MEDIA RELATIONS
Phone: (801) 947-3564
https://twitter.com/overstockceo
How about we compose and send them the full pitch?
Worldstock, which sells artisan works of art from workers in impoverished countries all over the world. It seems to be very important to Mr Byrne and if there is a way a UIA or something BitShares can do to make it more efficient I think we could have a seriously good pitch.
They've been in the press alot with which platform Overstock want to use and BitShares could be in the spotlight.QuoteIt was too obvious even for me to miss! The central problem of artisan production – how to marry scattered small-lot production to mass demand – is indistinguishable from that of liquidation. And, by one of those weird coincidences that seem to govern my life, this was a problem I had already built the most effective mechanism to solve: Overstock.com.http://www.overstock.com/85772/static.html
Upon returning to the States, I formulated plans for Worldstock, a store within Overstock.com devoted solely to carrying the works of artisans – especially disadvantaged artisans – and selling them as inexpensively as possible so as to maximize the amount of return for them.
The real pitch to Overstock should be getting them to dual list their stock as a compliant UIA on the BitShares exchange rather than trying to build their own.
Hello,
I'm a shareholder of the BitShares crypto-ecosystem and I would like to
discuss the mutually beneficial relationship that is possible between
BitShares and Vaultoro. There is a thread on the bitshares talk forum here:
https://bitsharestalk.org/index.php/topic,16724.msg214074.html
I have CC'd fabian@bitshares.org (one of the 101 elected delegates of the
BitShares ecosystem) in case of technical questions.
A PDF info-graphic for a quick overview of BitShares is available at
https://pdf.yt/d/atDhSKTY2mwequs0
Could you please direct us to the relevant people to discuss the
technicalities?
The BitShares ecosystem is a decentralized asset exchange that allows user to
issue their own assets. These assets can be traded in seconds, and allow the
user to retain sole control of the private keys. The issuer of these UIAs
(User Issued Assets) collect all fees generated, and can set KYC requirements
limiting who can hold it.
Vaultoro could issue such an UIA to enable your company to access BitShares
users as potential customers and profit from every trade of your UIA.
Existing Vaultoro customers would benefit by being able to hold their claims
to Vaultoro gold on a decentralized platform where only they hold the private
keys.
Another aspect of the BitShares ecosystem that Vaultoro could benefit from
are the Market Pegged Assets. These are assets that track the value of real
world assets such as USD, CYN, Gold and Silver but are not subject to any
counterparty risk, and are backed by over 100% collateral.
Vaultoro could allow their customers exposure to bitSilver to test the demand
before committing to purchasing more bank vaults and physical silver.
Vaultoro could accept bitGold in exchange for Vaultoro Gold.
The value of Vaultoro gold can then be exposed to the BitShares decentralized
market to be traded. This brings another price finding mechanism to value
Vaultoro gold against assets such as bitcoin, USD, CNY, Gold and Silver.
Accepting bitGold for physical delivery of gold would open Vaultoro up to an
entire new market and provide a convenient gateway from crypto to physical
assets. As gold dealers are subject to far less regulation than traditional
banks this gives Vaultoro a significant advantage.
We look forward to hearing from you,
Thank you
The BitShares ecosystem is a decentralized asset exchange that allows users
to issue their own assets. These assets can be traded in seconds, and allow
the user to retain sole control of the private keys. The issuer of these UIAs
(User Issued Assets) collect all fees generated, and can set KYC requirements
limiting who can hold it.
Amagi could issue such an UIA to enable your company to access BitShares
users as potential customers and profit from every trade of your UIA.
These UIAs could represent claims to particular Amagi products, your platinum
coins may be of particular value as there is yet to be a popular platinum
asset on the BitShares exchange.
The purchaser of one of your UIA tokens may not necessarily receive delivery
of your stock, but instead trade it's value against other tokens. The fees
for these trades will be paid to Amagi, as the issuer of the UIA. This means
that any still-warehoused products can be producing income by allowing their
value to be traded on the free market of the BitShares Decentralized Exchange
and collecting the resulting fees.
Another aspect of the BitShares ecosystem that Amagi could benefit from are
the Market Pegged Assets. These are assets that track the value of real world
assets such as USD, CNY, Gold and Silver but are not subject to any
counterparty risk, and are backed by over 100% collateral. Amagi could
benefit by holding some value pegged to gold and silver to better plan
stocking requirements and to hedge against any significant moves in the
USD:PMs markets. Assets such as bitSilver and bitGold can be stored in
exactly the same way as bitcoin.
Amagi could accept bitGold in exchange for Amagi Gold allowing gold bugs to
hold as much value pegged to gold as they like, knowing that at any time they can swap it for physical gold with Amagi. Issuing a UIA of "Amagi.Gold"
allows Amagi access to new markets and income potential as well as brand
exposure on a worldwide network.
The value of Amagi gold can then be exposed to the BitShares decentralized
market to be traded. This brings another price finding mechanism to value
Amagi gold against assets such as bitcoin, USD, CNY, Gold and Silver.
Accepting bitGold for physical delivery of gold would open Amagi up to an
entire new market and provide a convenient gateway from crypto to physical
assets. As gold dealers are subject to far less regulation than traditional
banks this gives Amagi a significant advantage.
The real pitch to Overstock should be getting them to dual list their stock as a compliant UIA on the BitShares exchange rather than trying to build their own.
THIS +5%
And pls let us discuss such things before you get in contact ...
If they get contacted in wrong way ... it's a lost contact ...
At least we need a community member with a deep technical understanding of bitshares .. more important 2.0
Input appreciated @vikram
What if Overstock buys Cryptonomex and they fork Bitshares 2.0?
We should propose to Overstock that they buy Cryptonomex.
@luckybitAsk how those hopes went for the Counterparty community whose developers were poached instead last year, got what they wanted from them and spit them back out.
If Overstock wants to own the blockchain, then it is not in competition with BitShares (a decentralized blockchain). Cryptonomex can provide them with the technology and expertise to help them do that. If Overstock is not satisfied with that and wants to own the team and IP as well... well I have to hope that it will be out of their budget. I'm assuming and hoping that the Cryptonomex team is motivated to make a decentralized blockchain (i.e. BitShares) a success rather than only being able to spend their talents on yet another centralized solution (plus the potential for financial reward could be much greater assuming they are sufficiently invested in BTS). Thus, it would take a very high price to sell out; far more expensive than Overstock would be willing to pay for this side project that they are interested in that has nothing to do with their core business.
@luckybitAsk how those hopes went for the Counterparty community whose developers were poached instead last year, got what they wanted from them and spit them back out.
If Overstock wants to own the blockchain, then it is not in competition with BitShares (a decentralized blockchain). Cryptonomex can provide them with the technology and expertise to help them do that. If Overstock is not satisfied with that and wants to own the team and IP as well... well I have to hope that it will be out of their budget. I'm assuming and hoping that the Cryptonomex team is motivated to make a decentralized blockchain (i.e. BitShares) a success rather than only being able to spend their talents on yet another centralized solution (plus the potential for financial reward could be much greater assuming they are sufficiently invested in BTS). Thus, it would take a very high price to sell out; far more expensive than Overstock would be willing to pay for this side project that they are interested in that has nothing to do with their core business.
@luckybitAsk how those hopes went for the Counterparty community whose developers were poached instead last year, got what they wanted from them and spit them back out.
If Overstock wants to own the blockchain, then it is not in competition with BitShares (a decentralized blockchain). Cryptonomex can provide them with the technology and expertise to help them do that. If Overstock is not satisfied with that and wants to own the team and IP as well... well I have to hope that it will be out of their budget. I'm assuming and hoping that the Cryptonomex team is motivated to make a decentralized blockchain (i.e. BitShares) a success rather than only being able to spend their talents on yet another centralized solution (plus the potential for financial reward could be much greater assuming they are sufficiently invested in BTS). Thus, it would take a very high price to sell out; far more expensive than Overstock would be willing to pay for this side project that they are interested in that has nothing to do with their core business.
I doubt very much that Dan & Co would want to be used and then discarded by Overstock in the way the counterparty devs were.
+1 for the Princess Bride reference ::)I doubt very much that Dan & Co would want to be used and then discarded by Overstock in the way the counterparty devs were.
Inconceivable. (And yes, that word means what I think it means.)(http://i.gyazo.com/8c57d5cf974ddc23fa0031a95816a9c2.png)
We are not looking for a quick ticket to retirement.
We have a mission.
BitShares is central to that mission.
We are not looking for a quick ticket to retirement.
We have a mission.
BitShares is central to that mission.
@luckybit
If Overstock wants to own the blockchain, then it is not in competition with BitShares (a decentralized blockchain). Cryptonomex can provide them with the technology and expertise to help them do that. If Overstock is not satisfied with that and wants to own the team and IP as well... well I have to hope that it will be out of their budget. I'm assuming and hoping that the Cryptonomex team is motivated to make a decentralized blockchain (i.e. BitShares) a success rather than only being able to spend their talents on yet another centralized solution (plus the potential for financial reward could be much greater assuming they are sufficiently invested in BTS). Thus, it would take a very high price to sell out; far more expensive than Overstock would be willing to pay for this side project that they are interested in that has nothing to do with their core business.
We are not looking for a quick ticket to retirement.
We are not looking for a quick ticket to retirement.
We have a mission.
BitShares is central to that mission.
I love bitshares +5%
The principles behind the talent is why I'm hereWe are not looking for a quick ticket to retirement.
We have a mission.
BitShares is central to that mission.
I love bitshares +5%
I love bitshares and you all :)
For the record I found the articles on BM's blog to be the most compelling reason to be interested in BitShares.
They detailed BM's stance on economics, the free market and profit as the most important tools in a path to freedom.
In this early stage in the crypto-industry investment in people and principles is a far safer bet than just in technology.
Roadblocks and bottlenecks are still being discovered and it's talented people that will navigate successfully.
I particularly enjoyed the "sufficient decentralization" article and others like it that lay out the limitations of what is possible, and then outline the appropriate solution to it. BitShares is the only community that I know of that has (potentially) solved so many issues currently holding crypto back from the mainstream.
I had the 'minimal requirements for decentralization" article bookmarked and went to link it here, but it just redirects to bitshares.org mainpage now.
I think it is important that they are easily accessible to newcomers
I got your pitch right here:I understand that the value of bts has increased since DPOS 2 has been announced, but why has the price of integrating gone up?
BitShares - the choice is yours +100,000 TPS or -$100,000
BM just built a protocol that's adequate for mass global public consumption. What makes you think that he is going to get all star struck when Jeff Bezos comes knocking? Cryptonomex is firmly in the negotiating drivers seat. The only competitors to the BitShares Smartchain (where you will integrate your business) are centrally controlled blockchains that, as Mr Byrne is fast finding out, are not cheap to develop, secure, or maintain.
The price of integrating into the BitShares Smartchain went up the moment the 100,000 TPS secret sauce was discovered.