301
Muse/SoundDAC / Re: BitShares Music non-technical paper. Updated.
« on: September 28, 2014, 06:04:03 pm »
Ok thanks
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302
Muse/SoundDAC / Re: BitShares Music non-technical paper. Updated.
« on: September 28, 2014, 05:36:36 pm »Your PTS will give you shares in this DAC, or do you mean something else?Yes but how do the shares make money? In other words how does the DAC make a profit to pass on to the shareholders.
just read the first post in this thread.Quote2.2.2 Artistcoins
An artist can decide to create his own coin and start selling them to his fans to fund his career. The artist sets the price of his coin and sells it just as he would sell a baseball card. A limited edition digital token with his name and/or his face on it. These newly created, limited edition artistcoins are now distributed throughout the artist’s fanbase and himself. The income generated by his fans buying up the artistcoins will go straight to his wallet, directly funding his career just like kickstarter would. Only, as we will see below, this type of kickstarter is superior in many ways.
Every time a song is sold on PeerTracks.com, a certain % of that income goes into the market and buys up the lowest ask of that artistcoin, effectively cashing out the seller. That artistcoin is “burned” (taken out of circulation). This mechanism achieves the following:
pays the artist for his content
increases liquidity in that artistcoin (paying off the artistcoin seller)
increases demand in that artistcoin
reduces supply of that limited edition artistcoin
The last three points are what can cause a price increase in that artistcoin.
The more music an artist sells on PeerTracks, the more liquid his artistcoin is. Since every song sale is actually a buy order on the books.
If a user purchased a certain artist’s coin and the artist starts selling songs and albums on PeerTracks, that coin is now worth more than when it was purchased. It is in that user’s self-interest to share and promote this artist’s music in order to reap maximum benefit from the holding of that artistcoin. In other words, the fans are incentivized to generate more music sales for the artists they hold artistcoins of.
That describes how the artistcoin will make money not the DAC.
So will PTS holders be given 10% of all artistcoins? Or will the DAC charge a fee for creating an artistcoin?
303
Muse/SoundDAC / Re: BitShares Music non-technical paper. Updated.
« on: September 28, 2014, 05:24:42 pm »Your PTS will give you shares in this DAC, or do you mean something else?Yes but how do the shares make money? In other words how does the DAC make a profit to pass on to the shareholders.
304
Muse/SoundDAC / Re: BitShares Music non-technical paper. Updated.
« on: September 28, 2014, 04:47:04 pm »
I'm still confused as to how the person who owns PTS will profit?
305
Technical Support / Re: !!! Stupid Questions Thread !!!
« on: September 27, 2014, 11:57:34 pm »haha..Why have you changed it to dag peg doe? I must have missed something here...Anyway for whatever reason you changed it consider changing back to Tonyk since we all know you as Tonyk and all like Tonyk in reality... You are valuable as Tonyk and if people complain let them complain..tonyk was an ok name...
dat peg doe is an epic name!
306
General Discussion / Re: Funny result when using forum search for 'stan'
« on: September 27, 2014, 10:17:18 pm »
And what makes it even funnier
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307
Technical Support / Re: !!! Stupid Questions Thread !!!
« on: September 27, 2014, 10:09:42 pm »I believe the artists will issue 'artistcoins'I'm still confused as to how the person who owns PTS will profit?
308
Technical Support / Re: !!! Stupid Questions Thread !!!
« on: September 27, 2014, 09:56:15 pm »
I was doing some research on the bitshares music and don't understand something. After the snapshot you will get notes. But I thought notes were issued by artists? I know I'm misunderstanding something.
309
General Discussion / Re: How committed is the community to bitsharesX as opposed to the next "DAC"?
« on: September 27, 2014, 06:02:46 pm »I don't think it's as volatile as you make it seem, at one point people did use gold to buy things and that worked (kind of but bitGLD solves many problems physical gold has as a currency volatility not being one of them)How did you got to that conclusion? Are you really that...., or you just play one here? Anyway I am done with you also.1st You really do not want to hear my comments regarding those ecumenist saying inflation is good... and yes I am fully aware of their existence.
2nd bitBasket- why not, nothing is preventing us of doing it... till then we have bitGold, though!
Price of gold is also highly volatile, and thus not suitable for currency, at least according to the paper you had me read.
highly volatile??? in what? in $
... funny man you are...
In basket of goods. In buying power. Don't delude yourself. Buying power of gold is highly volatile.
Sorry dude. Go look it up. Gold's buying power is HIGHLY volatile. Type "gold buying power over time" into Google and look at the charts. You're just dead wrong on this. If you don't change your mind to accommodate the facts then you are just a deluded moron. Not only that, but the HayekMoney article that YOU told me to read says exactly the same thing: gold is volatile.
Dude, Can you give me more precise instruction in what imaginary thing I have to type "gold buying power over time", to get those magical results of yours?... also, are spaces required to get the results you get...aka should I type "gold buying power over time",
searching... 'No confirmations'
searching... 'No confirmations'
searching... 'No confirmations'
Changing to "Is BTC price more stable then Gold"... disappointed.
Changing to "Commodity price during the gold standard".... boring... very much so...'What the f**k people did with those flat prices? Weird stuff?
If you don't change your mind to accommodate the facts then you are just a deluded moron.
I am quite fine with the fact that I am 'deluded moron'... now tell me how you so cleverly discovered this thing about me so quickly ?
Just like I said. Type "buying power of gold over time" into Google and the very first image that appears shows that the BUYING POWER of gold is highly volatile.
(In case you don't know this already, when you measure something in "1971 dollars" you are measuring the change in BUYING POWER. If you see the graph going all over the place, like it does in that picture, then you know that buying power is highly volatile. But seriously, you should know these basic economic concepts already if you are pretending to be knowledgeable about economics.)
310
General Discussion / Re: An open letter to Tonyk
« on: September 27, 2014, 05:55:13 pm »I know I must be an idiot since after all this time I am still struggling to understand thingshaha don't worry I'm in the same boat....
311
General Discussion / Re: An open letter to Tonyk
« on: September 27, 2014, 03:46:39 pm »..
teach first, then insult might work.
..
How about 'teach first, never insult'? Nobody really deserves an 'insult' treatment - unless we are talking about trolls and FUDs.
I think they are joking because tonyk said "I will try to be more teaching then insulting"
When he actually meant "I will try to be more teaching than insulting"
312
General Discussion / Re: Poll about Bitshares-Bitcoin diversification.
« on: September 27, 2014, 03:12:50 pm »
I'm not 100% yet but I'm working on it...
Plus it gives me time to learn more about BTSX as I increase my stake. And let me tell you the more I learn the easier it is to sell my BTC for BTSX.
Plus it gives me time to learn more about BTSX as I increase my stake. And let me tell you the more I learn the easier it is to sell my BTC for BTSX.
313
General Discussion / Re: The Bitshares game haha
« on: September 26, 2014, 06:59:06 pm »
"If you need more quotes from stupid community members:
"BitShares literally wants to make the world their debt slaves" - toast
"BitShares is against equality and thinks some humans are better than others" - toast
The more strawmen you have the better IMO"
-toast
Haha toast went ham on them
"BitShares literally wants to make the world their debt slaves" - toast
"BitShares is against equality and thinks some humans are better than others" - toast
The more strawmen you have the better IMO"
-toast
Haha toast went ham on them
314
General Discussion / Re: The Bitshares game haha
« on: September 26, 2014, 06:40:30 pm »
Too funny...
315
General Discussion / Re: a couple of marketing suggestions
« on: September 26, 2014, 06:09:17 pm »
Marketing wise I think they are planning something much bigger.
Naturally I think there will be videos explaining everything from what you mentioned to how the wallet works.
Naturally I think there will be videos explaining everything from what you mentioned to how the wallet works.
