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Quote from: yellowecho on September 23, 2014, 04:21:43 amWell I heard Alibaba has plans to launch an equity with BitSharesX. seriously?
Well I heard Alibaba has plans to launch an equity with BitSharesX.
...ofcourse we can deal in bitsecurities it just requires a bit of changes here and there. The code is good enough, we may need to do a few hard forks a long the way.
I think he is joking. Sadly...
Overall it makes sense to centralize certain parts because it has to be centralized to be regulated.
Quote from: eagleeye on September 23, 2014, 01:35:03 amQuote from: luckybit on September 23, 2014, 01:31:32 amQuote from: tonyk on September 23, 2014, 12:00:08 amQuote from: luckybit on September 22, 2014, 11:43:41 pmQuote from: tonyk on September 22, 2014, 10:50:19 pmQuote from: luckybit on September 22, 2014, 07:24:44 pmI suspect that Overstock is going to fork the code and announce their own platform. This would explain why they are querying the community about how to build one. There is a clue I found where they were seeking to hire an expert programmer with a resume a lot like Dan.This isn't to say that Dan is involved but that Overstock is seeking someone with a skillset which is remarkable in similarity. It leads me to believe they are going to build their own platform and why not? They have the money to do it.You and (if toast is serious too) think that own blockchain belonging to a huge company is good idea and the best solution. And while I understand how this will be better then the current state of affairs in a lot of ways; I fail too see how in the long run it will be better for them to use their own centralized solution instead of a public/decentralized one, when such decentralized platforms are readily available.It's cheaper and better for their shareholders. It's not a matter of long term necessarily in the business world.I don't know how Overstock is run but most corporations just want to profit.It is cheaper and better but stock holders usually have investments in tens and even hundreds of different entities - each of them having its own system is not most convenient and most likely not the cheapest solution for the investor. When exchanges do become available offering the same benefits as those in-house solutions as the Overstock/IBM ones, it will be hard justifying using only their in house exchange.Overstock has an opportunity to replace NASDAQ and Dow, and they can do it in a way which is compatible with Bitshares. Bitshares can't do everything right now.If thats true then we have to start releasing more bitAssets to make it harder for them to get the commodity assets down (such as gold, silver, corn, etc) so they have to leap rather than step towards them "..[replacing] NASDAQ and Dow."If we have the easy pickins forex bitAssets and commodity bitAssets they will really have to jump to get into a NASDAQ and Dow scenerio. Whereas we will be the first mover....atleast in some assets.***Addition Important***How much time do we think we have till they have a working prototype/platform to start there NASDAQ/Dow conquest?They aren't interested in commodities. They are interested in cryptosecurities. There is a big difference between the two.Bitshares X does not deal with securities and by design cannot. It could be a symbiotic mutually beneficial relationship between Overstock and the 2.0 community.The 2.0 community generally understands the big picture. Overstock has centralized trust and credibility which we can't have by being decentralized. We've been looking for a Gateway service to turn IOUs into commodities? Overstock could act as that Gateway while also producing a legitimate regulated stock exchange. Overall it makes sense to centralize certain parts because it has to be centralized to be regulated. I don't think they should be seen as a threat any more than IBM is.
Quote from: luckybit on September 23, 2014, 01:31:32 amQuote from: tonyk on September 23, 2014, 12:00:08 amQuote from: luckybit on September 22, 2014, 11:43:41 pmQuote from: tonyk on September 22, 2014, 10:50:19 pmQuote from: luckybit on September 22, 2014, 07:24:44 pmI suspect that Overstock is going to fork the code and announce their own platform. This would explain why they are querying the community about how to build one. There is a clue I found where they were seeking to hire an expert programmer with a resume a lot like Dan.This isn't to say that Dan is involved but that Overstock is seeking someone with a skillset which is remarkable in similarity. It leads me to believe they are going to build their own platform and why not? They have the money to do it.You and (if toast is serious too) think that own blockchain belonging to a huge company is good idea and the best solution. And while I understand how this will be better then the current state of affairs in a lot of ways; I fail too see how in the long run it will be better for them to use their own centralized solution instead of a public/decentralized one, when such decentralized platforms are readily available.It's cheaper and better for their shareholders. It's not a matter of long term necessarily in the business world.I don't know how Overstock is run but most corporations just want to profit.It is cheaper and better but stock holders usually have investments in tens and even hundreds of different entities - each of them having its own system is not most convenient and most likely not the cheapest solution for the investor. When exchanges do become available offering the same benefits as those in-house solutions as the Overstock/IBM ones, it will be hard justifying using only their in house exchange.Overstock has an opportunity to replace NASDAQ and Dow, and they can do it in a way which is compatible with Bitshares. Bitshares can't do everything right now.If thats true then we have to start releasing more bitAssets to make it harder for them to get the commodity assets down (such as gold, silver, corn, etc) so they have to leap rather than step towards them "..[replacing] NASDAQ and Dow."If we have the easy pickins forex bitAssets and commodity bitAssets they will really have to jump to get into a NASDAQ and Dow scenerio. Whereas we will be the first mover....atleast in some assets.***Addition Important***How much time do we think we have till they have a working prototype/platform to start there NASDAQ/Dow conquest?
Quote from: tonyk on September 23, 2014, 12:00:08 amQuote from: luckybit on September 22, 2014, 11:43:41 pmQuote from: tonyk on September 22, 2014, 10:50:19 pmQuote from: luckybit on September 22, 2014, 07:24:44 pmI suspect that Overstock is going to fork the code and announce their own platform. This would explain why they are querying the community about how to build one. There is a clue I found where they were seeking to hire an expert programmer with a resume a lot like Dan.This isn't to say that Dan is involved but that Overstock is seeking someone with a skillset which is remarkable in similarity. It leads me to believe they are going to build their own platform and why not? They have the money to do it.You and (if toast is serious too) think that own blockchain belonging to a huge company is good idea and the best solution. And while I understand how this will be better then the current state of affairs in a lot of ways; I fail too see how in the long run it will be better for them to use their own centralized solution instead of a public/decentralized one, when such decentralized platforms are readily available.It's cheaper and better for their shareholders. It's not a matter of long term necessarily in the business world.I don't know how Overstock is run but most corporations just want to profit.It is cheaper and better but stock holders usually have investments in tens and even hundreds of different entities - each of them having its own system is not most convenient and most likely not the cheapest solution for the investor. When exchanges do become available offering the same benefits as those in-house solutions as the Overstock/IBM ones, it will be hard justifying using only their in house exchange.Overstock has an opportunity to replace NASDAQ and Dow, and they can do it in a way which is compatible with Bitshares. Bitshares can't do everything right now.
Quote from: luckybit on September 22, 2014, 11:43:41 pmQuote from: tonyk on September 22, 2014, 10:50:19 pmQuote from: luckybit on September 22, 2014, 07:24:44 pmI suspect that Overstock is going to fork the code and announce their own platform. This would explain why they are querying the community about how to build one. There is a clue I found where they were seeking to hire an expert programmer with a resume a lot like Dan.This isn't to say that Dan is involved but that Overstock is seeking someone with a skillset which is remarkable in similarity. It leads me to believe they are going to build their own platform and why not? They have the money to do it.You and (if toast is serious too) think that own blockchain belonging to a huge company is good idea and the best solution. And while I understand how this will be better then the current state of affairs in a lot of ways; I fail too see how in the long run it will be better for them to use their own centralized solution instead of a public/decentralized one, when such decentralized platforms are readily available.It's cheaper and better for their shareholders. It's not a matter of long term necessarily in the business world.I don't know how Overstock is run but most corporations just want to profit.It is cheaper and better but stock holders usually have investments in tens and even hundreds of different entities - each of them having its own system is not most convenient and most likely not the cheapest solution for the investor. When exchanges do become available offering the same benefits as those in-house solutions as the Overstock/IBM ones, it will be hard justifying using only their in house exchange.
Quote from: tonyk on September 22, 2014, 10:50:19 pmQuote from: luckybit on September 22, 2014, 07:24:44 pmI suspect that Overstock is going to fork the code and announce their own platform. This would explain why they are querying the community about how to build one. There is a clue I found where they were seeking to hire an expert programmer with a resume a lot like Dan.This isn't to say that Dan is involved but that Overstock is seeking someone with a skillset which is remarkable in similarity. It leads me to believe they are going to build their own platform and why not? They have the money to do it.You and (if toast is serious too) think that own blockchain belonging to a huge company is good idea and the best solution. And while I understand how this will be better then the current state of affairs in a lot of ways; I fail too see how in the long run it will be better for them to use their own centralized solution instead of a public/decentralized one, when such decentralized platforms are readily available.It's cheaper and better for their shareholders. It's not a matter of long term necessarily in the business world.I don't know how Overstock is run but most corporations just want to profit.
Quote from: luckybit on September 22, 2014, 07:24:44 pmI suspect that Overstock is going to fork the code and announce their own platform. This would explain why they are querying the community about how to build one. There is a clue I found where they were seeking to hire an expert programmer with a resume a lot like Dan.This isn't to say that Dan is involved but that Overstock is seeking someone with a skillset which is remarkable in similarity. It leads me to believe they are going to build their own platform and why not? They have the money to do it.You and (if toast is serious too) think that own blockchain belonging to a huge company is good idea and the best solution. And while I understand how this will be better then the current state of affairs in a lot of ways; I fail too see how in the long run it will be better for them to use their own centralized solution instead of a public/decentralized one, when such decentralized platforms are readily available.
I suspect that Overstock is going to fork the code and announce their own platform. This would explain why they are querying the community about how to build one. There is a clue I found where they were seeking to hire an expert programmer with a resume a lot like Dan.This isn't to say that Dan is involved but that Overstock is seeking someone with a skillset which is remarkable in similarity. It leads me to believe they are going to build their own platform and why not? They have the money to do it.
Quote from: cass on September 22, 2014, 10:34:35 pmQuote from: toast on September 22, 2014, 08:22:07 pmPeershares has done a good job explaining that it is a foundation for custom blockchain solutions, while bitshares is still synonymous with btsx for most of the worldSent from my SCH-I535 using TapatalkIMO we have to get prof. hand outs / Broschures or whatever for- Investors (What, when, why)- Companies (Individual Blockchain/public+intern etc.)Honestly i like the way ripple do this ... they have presentations for all target groups… This guy gets it. All target demographics.
Quote from: toast on September 22, 2014, 08:22:07 pmPeershares has done a good job explaining that it is a foundation for custom blockchain solutions, while bitshares is still synonymous with btsx for most of the worldSent from my SCH-I535 using TapatalkIMO we have to get prof. hand outs / Broschures or whatever for- Investors (What, when, why)- Companies (Individual Blockchain/public+intern etc.)Honestly i like the way ripple do this ... they have presentations for all target groups…
Peershares has done a good job explaining that it is a foundation for custom blockchain solutions, while bitshares is still synonymous with btsx for most of the worldSent from my SCH-I535 using Tapatalk
It is cheaper and better but stock holders usually have investments in tens and even hundreds of different entities - each of them having its own system is not most convenient and most likely not the cheapest solution for the investor. When exchanges do become available offering the same benefits as those in-house solutions as the Overstock/IBM ones, it will be hard justifying using only their in house exchange.
I highly doubt Overstock will announce a particular platform they are going with in 10 days. When we talked with them they were very early in the process.
Quote from: toast on September 22, 2014, 08:22:35 pmIt is very reasonable to want to issue shares onto a blockchain you have full control overI don't know much about PeerShares, but if PeerShares and the BitShares Toolkit are both open source projects written by other people, why would one give Overstock more control over the other?
It is very reasonable to want to issue shares onto a blockchain you have full control over
Bytemaster and Patrick Byrne have sat in a room and talked it out one-to-one right?? If after that, he at this point in time commits to any technology other than the BitShares toolkit for implementing cryptostocks, then I just... I have no words.
Quote from: toast on September 22, 2014, 08:22:07 pmPeershares has done a good job explaining that it is a foundation for custom blockchain solutions, while bitshares is still synonymous with btsx for most of the worldSent from my SCH-I535 using TapatalkHmm...I guess I've never heard PeerShares make these claims (I didn't think it had even launched yet until tomorrow [?]). But BitShares has a custom blockchain solution in the form of the DAC toolkit...right?
this summer
I wish. Unfortunately, if Dan signed an NDA he would most likely just not comment rather than lie to the community. Now I am hoping the announcement has nothing to do with cryptostocks.
Quote from: toast on September 22, 2014, 07:31:10 pm$10 says they're gonna use peersharesSent from my SCH-I535 using Tapatalk
$10 says they're gonna use peersharesSent from my SCH-I535 using Tapatalk
I know nothing about this.
$10 says they're gonna use peershares
Quote from: oco101 on September 22, 2014, 07:10:05 pmYou right it would be fun except : Quote from: bytemaster on September 22, 2014, 06:09:54 pmI know nothing about this.Or that's what he wants us to think ...yes, it's a stretch, but damnit an investor can dream, right??
You right it would be fun except : Quote from: bytemaster on September 22, 2014, 06:09:54 pmI know nothing about this.
https://twitter.com/OverstockCEO/status/514080375014834176Hmmm...
One can only wish and hope but I don't think it will have to do with us. However whats good for one crypto can be good for all. Look at the adoption rate of btc since Newegg started accepting them. It will just take one company to break the ice and have a good experience.
Quote from: bitcoinba on September 22, 2014, 07:01:10 pmSeems like Counterparty has the advantage already: http://www.wired.com/2014/07/overstock-and-cryptocurrency/Nah, that was just how that particular article was framed. From what I've heard Overstock had been in talks with NXT before that, and I believe BitShares has had talks with them as well (not sure how in depth, though).Personally, I feel the timing may be right, what with Bitshares holding the #4 spot firm and the ridiculous advantages Bitshares has in this space (esp. the name alone, which I will forever believe is Bitshares' #1 marketing tool and leg-up over the competition). Also, the coincidence that both Dan and Patrick are 2 of the 4 keynote speakers at this event...sounds like a match made in heaven to me!
Seems like Counterparty has the advantage already: http://www.wired.com/2014/07/overstock-and-cryptocurrency/