This is a great opportunity to promote hedging in BitUSD! Gotta roll with the punches!

Quote from: bitmeat on October 04, 2014, 04:26:09 pm

I think if you get diluted, you want to see the value. I think some % needs to go towards development.

The developers would have to set up a business delegate and advertise what they want to do with the funds. I imagine users would vote them in pretty quickly.

Quote from: bitmeat on October 04, 2014, 04:26:09 pm

Wouldn't you allow being diluted 10%, if that could double/triple/10x/100x the market cap?

True, there is no hard cap. (except technically 64 bit numbers) But I also see no value in taking decisions away from stakeholders.

Quote from: bitmeat on October 04, 2014, 04:26:09 pm

The problem with dilution is that there is no accountability. I would like to see a model where development cost is slowly introduced, and shareholders have the power to stop it, if they don't like the results. This will incentivize the developers to get it done. Have big bonuses at the end.

Well stakeholders still have the power to vote out business delegates (including the developer's delegates). Furthermore if users have the feeling additional funding isn't needed they can vote on 0% dilution.

I really like the ability to vote for delegates. However there are a few problems: Delegate's income is not enough to bring in serious talent. Number of delegate positions is limited.

i.e. you can use the voting model for delegates, and apply it towards developers. I wasn't suggesting that the shareholders don't have a say.

Ability to create supply for a given project is how I envision it. Then let shareholders vote for whether that supply should be created for that cause.

I think if you get diluted, you want to see the value. I think some % needs to go towards development.

Wouldn't you allow being diluted 10%, if that could double/triple/10x/100x the market cap?

The problem with dilution is that there is no accountability. I would like to see a model where development cost is slowly introduced, and shareholders have the power to stop it, if they don't like the results. This will incentivize the developers to get it done. Have big bonuses at the end.

I'm just making sure we distinguish between right and efficient.

The Market will almost always have inefficiencies. That doesn't mean that if you are buying below what the price should be, you will be able to turn a profit. You could have the foresight and proper analysis about something, yet you are not guaranteed to profit from it.

With respect to DNS I actually think the current price is right. There is no demand, because it will take a long time before DNS gets integrated. You don't just need yet another block chain. You need tools, browser plugins, awareness, examples, documentation, etc/etc/etc.

So yes, even though I'm interested in the technology, I'm not really interested in using DNS at the moment.

The notion of distributing to AGS/PTS holders guarantees over-supply at the beginning. But until true value is created all these DACs are virtually worthless penny stocks.

The prices we are seeing are just based on "future potential", not current usability. It is a very speculative valuation, but it goes without saying with high risk/high reward vehicles.

Here is an example - Market cap of BTSX is $60M, even though only 300K BitUSD has been created. So technology is there, but there just isn't enough demand yet. Can you imagine a real bank on Wallstreet that goes for IPO with $300K in user accounts and gets $60M market cap?

Why do you think the price is absurd? Was Bitcoin's price at $0.0001 absurd at the time?

Remember, the Market is always right! Those who wish to use DNS already have enough to use it. Those that don't will sell it any price.

Of course. Wallet is best.

Actually exchanges often let people trade IOU before the things are live. So wallet is not always best.

This is the future agree. Just like most people have a blog. Most people could have a crypto.

Getting a student loan could mean a contract in which someone buys your shares up. But then takes a chunk of your income.