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author=JoeyD
There was not fundraiser here, so how can I invest in a non existent fundraiser?
author=AdamBLevine
NXT was able to deliver because there was no giant Invictus fund, just a bunch of individuals who still had funds to invest (not having invested in Angelshares) and those individuals were able to decide, not me or bytemaster.
After mtGox, NeoBee and bitcoin marketprice taking a dump I've run out of investment money I can spend without blinking quite a while ago, actually I've long since run out of funds to invest with loads of blinking as well,
How much did you give to Invictus in the form of Angelshares? Would you have liked Invictus to have invested any of those funds in this?
If we proceed and simply say "Fuck you USA" a la MtGox and don't comply with regulations we will soon see our accounts seized and operations halted. That is why I am for conducting this all within legal borders and try to acquire the licenses as soon as possible.
Bitstamp right now simply works with international wire transfers to their accounts in the UK. (They are actually registered in the UK, but I think they operate from Slovenia). We intend to take a similar approach but are focusing on getting US Banking set-up and acquire the licenses as soon as possible. A huge problem could arise in which the US requests all trading platforms to be incorporated in the US, work with a US bank and get the required licenses. If we work on getting all this done prior such a hypothetical, but very likely, regulation, we will be ahead and trading would continue without any difficulties.
And I need to emphasize this again: Initially we will be able to operate WITHOUT these licenses
The only problem with your plan is Mt.Gox spends a huge amount of money on lawyers and compliance professionals. You are assuming they're just bad actors, but that's not true. The problem is in an environment lacking solid rules, the best you can do with your compliance effort is to make a bet at what you think it'll be. That's crazy.
You can try this however you'd like, I'm just saying please consult with a US attorney who knows the Bitcoin startup space before you commit to a business model that requires licenses in the US.
That is also how Coinbase did it and still does it. They entered a grey area and are doing fine as of now, but they are trying to get everything sorted by getting their state MTB licenses. We will take a similar approach.
Currently we are in talks with 3 lawyers from the US, Hong Kong and Germany. I'm still trying to work on that contingency plan mentioned on the first page of the thread and on a proper incorporation strategy that allows us to target the most prominent countries first while expanding to other countries. And we have also contacted several other attorneys from Singapore, UK and Australia to plan ahead and know what will be required.
It should be interesting to hire our own General Counsel. Similar to known start-ups that have challenged laws: Airbnb(local hotel zoning laws), Uber (taxi licensing requirements), and Pinterest (posting copyrighted images). Obviously that is another long-term goal, but if this platform shows traction and we raise money from a VC I do think that there is a possibility on not only hoping for a better output on a hearing, but also actively fighting for it.
Reference: http://techcrunch.com/2014/01/04/why-startups-hire-their-own-lawyers/
Coinbase is doing fine because they have the backing of Andreesen Horowitz and the privileged-starts-only Silicon Valley Bank that isn't taking any more Bitcoin business right now (We checked, they're on "pause" right now even though we're a company that just sells sponsorships for Bitcoin). Coinbase just got another 25 millionUSD in venture, I'm not saying it's impossible but I am saying Invictus doesn't have anywhere near enough money, so it's a terribly inefficient way to spend it.
... )
... I have selled 30% of my nxt holding and invested on PTS today !!! 
Why is Charles Hoskinson telling people not to work with us anyway?
Domsch is awesome, and if he moved to NXT that was the rational thing for him to do. Hopefully we can make it rational for him to help promote Bitshares X when it is released, and remove any obstacles that might be preventing him to do Bitshares X <-> fiat.
Invictus is working closely with Bithaus to build an open source wallet / block explorer for BTS X....
We would like this library to be useful for all our various chains, especially BitShares Music which Cob has taken the initiative to bootstrap with our help.
"... without blinking an eye."
jam out (jam it)
to perform music enthusiastically.
"The lead guitarist really jams out in this video."
to move one's body enthusiastically while listening to music.
"I can't help but jam out when this song comes on."
"We are jamming out right now."
jamou
Posts like this just help to act out aggression and are hate driven.
I've always believed Bitshares has great potential, which is why I was one of the founders of Invictus, my name is on the original whitepaper and I helped Invictus receive its first round of VC investment from Bitfund.pe. I also believe that like Bitcoin, Bitshares is an economic experiment that requires a great deal of market testing prior to making claims about what is possible, which was why I recruited Dr. Charles Evans who originally came from the Bitcoin Education Project (another venture I started with Drs. Brian Goss and Nikos Bentinitis) and Emanuele Costa- an Italian quant from England.
I am impressed. Many others I supposed too. Give us please your ETH tipping address .... hm, sorry, your BTC/PTS tipping address so we have all the oportunity to donate a couple of frappuccinos...
Fuz' last post expressed his own opinion and gave the reasons for why he feels so. It also explicitly stated what is fact and what is supposition.
Can we not all agree on some basic discussion culture without personal offence?
