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Quote from: asenski on April 26, 2014, 12:49:52 amThat didn't answer any of my questions.Specifically - Why did your company not hire a rock star developer full time to avoid bottlenecks?Surely you should be able to attract talent and offer them a long term contract.That is exactly what we have done! Look at the great talent we have leading the other new DACs!But Bitshares X (and the DPOS breakthrough all DACs require) were things we were not able to hand off to anyone. Bytemaster had to do that himself. Now that we have the required solution, Bytemaster has pulled the best talent he needs to get it coded and they are making great progress in nightly coding marathons. Check out the github action and see for yourself.Suggest reading The Mythical Man-month http://www.amazon.com/The-Mythical-Man-Month-Engineering-Anniversary-ebook/dp/B000OZ0N6M- a classic that explains why adding more people to a late project makes it later. (Especially when the hold-up is the need for a missing invention.)
That didn't answer any of my questions.Specifically - Why did your company not hire a rock star developer full time to avoid bottlenecks?Surely you should be able to attract talent and offer them a long term contract.
I've read the mythical man-month. That mostly applies for trying to add 1,000 people to a 5,000 team in the last minute.I agree that adding a person post Feb 28th was probably not going to help much, because it's about designing the algorithm, not the implementation.However I would still argue that you COULD have had an alternative solution being developed side by side.My biggest frustration here is that you consider yourself the authority on the subject because you have captured the funds.However if you had offered a hefty bounty for developing a POS trading, I'm sure some talents, would have participated and the result would have been healthy competition. And by hefty bounty I mean $50K-$100K and above.However you just assumed that Bytemaster is the best to do everything hard, and now you are going to lick your wounds.The right way to do BitShares would have been to allow the community to decide which DACs they can put their money in. I definitely don't like the "I buy AGS, and I get % of all the DACs".Furthermore creators of new DACs have to still organize their own funding. Which I thought your platform would allow.Again as a developer I did not see compelling reasons to join your effort, and I would have loved to. You have attracted investments, but not development talent. Hopefully that will change soon.
Quote from: Stan on April 25, 2014, 09:47:13 pmQuote from: talk_nonsens on April 25, 2014, 08:00:37 pmHow time flies! summer is coming!!!I still remember someone said that we would be happy this spring. But I'm not, at all.I just had my driveway repaved.About halfway through the task the contractor's paving equipment broke.All that hot asphalt had to be roughly spread on the rest of the driveway by hand.Then we had to drive over that mess for a week while the equipment was being repaired.I wasn't happy. Not at all.But they came back and finished the job.The driveway is much thicker than it would have been.Everything is smooth and beautiful.Now I am happy. I hardly remember the time when I was unhappy. Stan, what you are doing lately on these forums I think is called "lip-service". It's not fun anymore. Hire professionals, get it done.What is the bottleneck? And why could you not solve it by hiring a top notch developer?
Quote from: talk_nonsens on April 25, 2014, 08:00:37 pmHow time flies! summer is coming!!!I still remember someone said that we would be happy this spring. But I'm not, at all.I just had my driveway repaved.About halfway through the task the contractor's paving equipment broke.All that hot asphalt had to be roughly spread on the rest of the driveway by hand.Then we had to drive over that mess for a week while the equipment was being repaired.I wasn't happy. Not at all.But they came back and finished the job.The driveway is much thicker than it would have been.Everything is smooth and beautiful.Now I am happy. I hardly remember the time when I was unhappy.
How time flies! summer is coming!!!I still remember someone said that we would be happy this spring. But I'm not, at all.
Quote from: bytemaster on March 02, 2014, 07:37:56 amFor those who want to run something to *see* their BTS balances even if you cannot move them... I created a tool for viewing your BTS balance from AGS or PTS given a Bitcoin-Qt or Protshares wallet.dat: https://bitsharestalk.org/index.php?topic=3330.msg41898#msg41898thanks bytemaster
For those who want to run something to *see* their BTS balances even if you cannot move them... I created a tool for viewing your BTS balance from AGS or PTS given a Bitcoin-Qt or Protshares wallet.dat: https://bitsharestalk.org/index.php?topic=3330.msg41898#msg41898
i'm cool. take your time and do it right.
Thanks for the updates, a couple questions, does this mean every DAC will require a new wallet? And I get it's like a dividend but if DAC's become more substantial, could it be foreseeable that PTS will be worth less and less in time? Or are DAC's always considered a branch off of PTS main "stake". thanks.
In defense of Invictus, one of their competitors (sort of - people are awfully particular around here about the word "competitor") is called Counterparty. If you want to see some confusing investor relations, head over to forums.counterparty.co and try to figure out how to even install their software. They make Invictus look like Google.
I guess my understanding was that after the snapshot PTS would become BTS so the old PTS would basically be worthless/removed after being replaced with BTS - this would be very clear and easy to understand. But what we have now to me is somewhat confusing to both existing investors and potential investors and confusion is not desirable if you are running what amounts to an investment fund. If someone wants to invest in PTS now (post snapshot), what should they do or why would they invest? They've missed the benefit of getting in "pre-snapshot" but are unable to buy any new "post snapshot" BTS because they are not available on any exchange nor are there any wallets to store them. What should a new investor do from this point, should they buy "post snapshot" PTS on an exchange at the now deflated price without knowing how/when those be converted into BTS or wait until BTS is "ready"?
Thanks for the replies...I am not trying to criticize anyone here, I am trying to explain this experience from a newbie investor's perspective so people know what we are thinking and seeing as this process evolves and hopefully learn from it.I am fully comfortable with the idea of speculating on the future potential of an idea, and not looking to make a quick overnight buck, however I am not the only person confused with what has now happened post-snapshot.I guess my understanding was that after the snapshot PTS would become BTS so the old PTS would basically be worthless/removed after being replaced with BTS - this would be very clear and easy to understand. But what we have now to me is somewhat confusing to both existing investors and potential investors and confusion is not desirable if you are running what amounts to an investment fund. If someone wants to invest in PTS now (post snapshot), what should they do or why would they invest? They've missed the benefit of getting in "pre-snapshot" but are unable to buy any new "post snapshot" BTS because they are not available on any exchange nor are there any wallets to store them. What should a new investor do from this point, should they buy "post snapshot" PTS on an exchange at the now deflated price without knowing how/when those be converted into BTS or wait until BTS is "ready"? Trust me, I think invictus has a lot more potential than Dogecoin or we would not be having this conversation, but the point I am trying to get across is that simple and direct communication and marketing is KEY to getting something off the ground and attracting investors and right now in this regard Doge is doing a far better job than Invictus.I believe in the Invictus vision and maybe I am in the minority camp of being confused but you guys need help if you want to attract sophisticated investors who are accustomed to more traditional and simplified investor communications. I am guessing this is not your highest priority while everything is still being built but if you need a marketing/communications person, let me know if I can help.The commenter who clarified the use of the term "third party" helps a lot, I think?
So our current holdings of PTS are not worth anything in its former version "PTS" but there is no wallet ready to enable those funds to be transferred to the new version of BTS XT, which means we just have to sit on our hands and wait until (hopefully) a third party comes along and produces a wallet?
Quote from: Captain_Picard on March 01, 2014, 06:22:23 pmI think the negative feedback stems from the fact that investors' money is currently in "limbo" without being forewarned of this fact (at least I didn't get the memo that there would be no wallet "for awhile"). So our current holdings of PTS are not worth anything in its former version "PTS" but there is no wallet ready to enable those funds to be transferred to the new version of BTS XT, which means we just have to sit on our hands and wait until (hopefully) a third party comes along and produces a wallet?I guess I was under the impression that after the snapshot date, our funds would be credited to a new crypto currency that we could then trade/liquidate on the exchanges just like before. Instead, it seems like our funds are trapped and awaiting a "third party". What did I miss in the initial explanation or am I misunderstanding something? If I did miss something, you have to understand for newbies, we might not have read through the thousands of forum pages to figure out WTF is going on. I think there needs to be more clarity from ProtoShares communication desks so instead of a lengthy forum page that we have to weed through to find the facts, some simple and clear explanations on their home page or some centralized communication source would be helpful.So, now that I have PTS sitting in my wallet, what exactly do I have? A claim for some new and improved BitShares that currently have no wallet, no exchangeable value, and no actual DAC or any functional benefit whatsoever but a long list of promises? I am fine with speculating on the future potential of ProtoShares, every crypto I own is a speculation on the future, but I don't remember reading about how my funds would just sit there indefinitely for a month or more until some unknown third parties come up with something valuable to offer to the marketplace.At least with Dogecoin I can sell it tomorrow if I decide the speculation is not worth the risk. Seems this option is unavailable with PTS/BTS. If this potential lack of liquidity was explained before the snapshot, where was this info posted?The snapshot was taken in 28 that all, there is no wallet and they never promise one on 28. They always stated that the Bts-x chain will be release at the earliest on 15 of March please read the February newsletter https://bitsharestalk.org/index.php?action=post;topic=3291.15;last_msg=41778 Buying PTS or AGS you invested on a idea so you are a earlier investor and yes for now you can not trade the BTS-X for now If you wanted to make a quick buck well you'll have to be patient.You right about finding information on the website and forum, it's not easy, but that about to change there will be a new website on March 24 and will have everything in one place. 3I it is a 3 month old company, and they are trying hard to do as much as they can, finding developers,marketing campaign, making investors happy, developing keyhotee & BTS-X, etc. Yes not everything it's perfect and there is a lot to be done, but they need our support and our trust especially if you believe the vision behind Invictus. If not you can go with Dogecoin vision.The PTS yes they lost a lot of value but this is was to be expected, and that should not come as a surprise for anybody. PTS will rise sooner or later. And not sure if you understand that part but now if you want, you can sell you PTS no problem it will not affect your BTS-X holding.
I think the negative feedback stems from the fact that investors' money is currently in "limbo" without being forewarned of this fact (at least I didn't get the memo that there would be no wallet "for awhile"). So our current holdings of PTS are not worth anything in its former version "PTS" but there is no wallet ready to enable those funds to be transferred to the new version of BTS XT, which means we just have to sit on our hands and wait until (hopefully) a third party comes along and produces a wallet?I guess I was under the impression that after the snapshot date, our funds would be credited to a new crypto currency that we could then trade/liquidate on the exchanges just like before. Instead, it seems like our funds are trapped and awaiting a "third party". What did I miss in the initial explanation or am I misunderstanding something? If I did miss something, you have to understand for newbies, we might not have read through the thousands of forum pages to figure out WTF is going on. I think there needs to be more clarity from ProtoShares communication desks so instead of a lengthy forum page that we have to weed through to find the facts, some simple and clear explanations on their home page or some centralized communication source would be helpful.So, now that I have PTS sitting in my wallet, what exactly do I have? A claim for some new and improved BitShares that currently have no wallet, no exchangeable value, and no actual DAC or any functional benefit whatsoever but a long list of promises? I am fine with speculating on the future potential of ProtoShares, every crypto I own is a speculation on the future, but I don't remember reading about how my funds would just sit there indefinitely for a month or more until some unknown third parties come up with something valuable to offer to the marketplace.At least with Dogecoin I can sell it tomorrow if I decide the speculation is not worth the risk. Seems this option is unavailable with PTS/BTS. If this potential lack of liquidity was explained before the snapshot, where was this info posted?
Quote from: lzr1900 on March 01, 2014, 05:20:33 amWe will see the free drop of PTS because of your delay and undefined period of time.We are seeing the drop of PTS because it no longer contains the value of BTS, because there is market consensus that BTS is valuable. I am dumbfounded that this is surprising to people.
We will see the free drop of PTS because of your delay and undefined period of time.
wow so much unfounded frustration being pointed towards the man who is writing some of the most interesting and important software of our time.Keep your chin up Dan... I appreciate the fuck outa you.
why were you in such a hurry to take that snapshot and announce BTS XT, if you din't even have a wallet handy . .! further as promised in the beginig that BTS will be launched when PTS will be minned completely, now you leave some 60k plus future PTS holders out of the race from you most promising DAC.. you know what, people are going to be gox'd by you, just a matter of time if you will keep acting immature,, no matter what your intentions are
I'd really encourage you to rethink your "attention grabbing" subjects, as it creates unnecessary, incorrect expectations.
Quote from: kamikataz on March 01, 2014, 01:43:29 amQuote from: bytemaster on February 28, 2014, 08:06:21 pmThe BitShares XT wallet will be posted in this thread when it is available. The snapshot and release date are two totally different and independent events. We wanted to announce the snapshot with as much warning as possible and thus we picked a nice easy date to announce the snapshot. We will save the snapshot and release a wallet only AFTER THE CODE IS READY which for obvious reasons we are working on as quickly as humanly possible.Our original plans of the Ides of March is probably optimistic at this point given where we are today. If you would like a steady update on the development progress you can visit the BitShares X status update thread where I post almost daily updates.When a wallet is made available for download (by a third party) we will post it in this thread.why were you in such a hurry to take that snapshot and announce BTS XT, if you din't even have a wallet handy . .! further as promised in the beginig that BTS will be launched when PTS will be minned completely, now you leave some 60k plus future PTS holders out of the race from you most promising DAC.. you know what, people are going to be gox'd by you, just a matter of time if you will keep acting immature,, no matter what your intentions are Probably because it would be better for everyone involved if the product is launched in mid to late March than in December when there would undoubtedly be more competition. The whole first mover advantage thing... http://en.wikipedia.org/wiki/First-mover_advantage
Quote from: bytemaster on February 28, 2014, 08:06:21 pmThe BitShares XT wallet will be posted in this thread when it is available. The snapshot and release date are two totally different and independent events. We wanted to announce the snapshot with as much warning as possible and thus we picked a nice easy date to announce the snapshot. We will save the snapshot and release a wallet only AFTER THE CODE IS READY which for obvious reasons we are working on as quickly as humanly possible.Our original plans of the Ides of March is probably optimistic at this point given where we are today. If you would like a steady update on the development progress you can visit the BitShares X status update thread where I post almost daily updates.When a wallet is made available for download (by a third party) we will post it in this thread.why were you in such a hurry to take that snapshot and announce BTS XT, if you din't even have a wallet handy . .! further as promised in the beginig that BTS will be launched when PTS will be minned completely, now you leave some 60k plus future PTS holders out of the race from you most promising DAC.. you know what, people are going to be gox'd by you, just a matter of time if you will keep acting immature,, no matter what your intentions are
The BitShares XT wallet will be posted in this thread when it is available. The snapshot and release date are two totally different and independent events. We wanted to announce the snapshot with as much warning as possible and thus we picked a nice easy date to announce the snapshot. We will save the snapshot and release a wallet only AFTER THE CODE IS READY which for obvious reasons we are working on as quickly as humanly possible.Our original plans of the Ides of March is probably optimistic at this point given where we are today. If you would like a steady update on the development progress you can visit the BitShares X status update thread where I post almost daily updates.When a wallet is made available for download (by a third party) we will post it in this thread.
has the snapshot completed?
Cool~~~ Can I interpret that the earliest possible release date is 15th March?