Bytemaster,
What's next?
My feeling is that people are not ready for an insurance DAC, but people ARE ready for a music DAC
For me personally before investing in new DACs I'd like to see progress on BTS. It is an indication of how future DACs will progress as well. You guys are masters in writing proposals and raising funds. But I'm not particularly stoked about the execution yet. I understand the difficulties in software development perfectly well. However releasing a tradeable BTS should be your priority number one as it will raise confidence during the funding period. Counterparty was done in a month and yes it is still rough around the edge but it could pose a threat to BTS.
Just my 2 cents...
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For me personally before investing in new DACs I'd like to see progress on BTS. It is an indication of how future DACs will progress as well. You guys are masters in writing proposals and raising funds. But I'm not particularly stoked about the execution yet. I understand the difficulties in software development perfectly well. However releasing a tradeable BTS should be your priority number one as it will raise confidence during the funding period. Counterparty was done in a month and yes it is still rough around the edge but it could pose a threat to BTS.
Just my 2 cents...
Sent from my iPhone using Tapatalk
Just a note, Counterparty might be a threat to Mastercoin, but since it's built on top of the bitcoin network, it will probably have some serious scalability problems. Counterparty is more of a custom asset management system - it generally solves different problems than BitShares X. I see BitShares X as a fundamentally unique thing in today's crypto-equity space; it's the first system in which altcoin derivatives are trustlessly built into the blockchain. It's certainly possible to construct derivatives in Counterparty, but probably not trustless ones.
For me personally before investing in new DACs I'd like to see progress on BTS. It is an indication of how future DACs will progress as well. You guys are masters in writing proposals and raising funds. But I'm not particularly stoked about the execution yet. I understand the difficulties in software development perfectly well. However releasing a tradeable BTS should be your priority number one as it will raise confidence during the funding period. Counterparty was done in a month and yes it is still rough around the edge but it could pose a threat to BTS.
Just my 2 cents...
Sure but if we have no idea of the whereabouts of the first plane that took off, would I want to get on the second and the third? I mean I get it, it is an investment and comes with risk. In fact this could be a good thing because the price has risks taken into account so it might be severely undervalued. I just wish we had a clear arrival date for BTS.
I also wish that we could trade AGS. The lack of liquidity is a bit annoying.
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Sure but if we have no idea of the whereabouts of the first plane that took off, would I want to get on the second and the third? I mean I get it, it is an investment and comes with risk. In fact this could be a good thing because the price has risks taken into account so it might be severely undervalued. I just wish we had a clear arrival date for BTS.
I also wish that we could trade AGS. The lack of liquidity is a bit annoying.
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The alternative is to have all that messy development happen behind the scenes in closed development and get your first chance to invest after most of the risk (and corresponding reward opportunity) has already happened.
Sure but if we have no idea of the whereabouts of the first plane that took off, would I want to get on the second and the third? I mean I get it, it is an investment and comes with risk. In fact this could be a good thing because the price has risks taken into account so it might be severely undervalued. I just wish we had a clear arrival date for BTS.
I also wish that we could trade AGS. The lack of liquidity is a bit annoying.
Sent from my iPhone using Tapatalk
But you do have an idea. You get nearly daily progress reports and the code is open for inspection by all. You get a seat inside the engineering drawing room as you watch us work through every issue that comes up. You see all the great input from the forum, some of which requires us to make changes which, of course, take time.
Still, its better to make them now than discover them after launch.
Watching us discover and fix each new issue is one of the benefits of viewing your investments from the day of inception. The alternative is to have all that messy development happen behind the scenes in closed development and get your first chance to invest after most of the risk (and corresponding reward opportunity) has already happened.
Many of our visitors are just not used to having this unique opportunity. Their expectations are calibrated for a completely different risk/reward point on the development curve. There are venues where you can operate at that later and more comfortable entry point, but that is not what we are offering here.
:)