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BitShares AGS / Re: Can Invictus confirm/deny it will make AGS liquid one day?
« on: March 20, 2014, 01:22:59 pm »Its like saying I can't trade my property with someone else. Of course I can.
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If I sell you my house, you can change the locks.
If I sell you my AGS donation keys, you can't prove I don't still have a copy of the keys. In essence, you can't change the locks.
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General Discussion / The competition is mounting
« on: March 20, 2014, 12:31:57 pm »
Just a friendly PSA: Counterparty (XCP) just started beta-testing their new "counterwallet" thing https://testnet.counterwallet.co/#, a web wallet that will take XCP from being a crappy alpha-quality command-line hacker gizmo to being the world's best trustless IOU and betting platform.
There are a couple businesses that have already started issuing some kind of shares on XCP, and Adam B. Levine is planning to issue his new coin on Counterparty as soon as the web wallet actually works.
TL;DR: Counterparty is building momentum.
Go get 'em, bytemaster!
There are a couple businesses that have already started issuing some kind of shares on XCP, and Adam B. Levine is planning to issue his new coin on Counterparty as soon as the web wallet actually works.
TL;DR: Counterparty is building momentum.
Go get 'em, bytemaster!
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BitShares AGS / Re: Can Invictus confirm/deny it will make AGS liquid one day?
« on: March 19, 2014, 11:59:27 pm »
I'm pretty sure that invictus has unequivocally stated they will not make AGS liquid, strictly speaking. There is nothing to prevent a 3rd party from doing so. Thus, I don't think it's possible to give you a firm answer.
Uncertainty about AGS is why it's so cheap, and why I've mostly stayed out of it.
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Uncertainty about AGS is why it's so cheap, and why I've mostly stayed out of it.
Sent from my SCH-S720C using Tapatalk 2
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General Discussion / Re: BitShares X Status Update
« on: March 19, 2014, 11:36:49 pm »Can you update the OP with status updates rather than just adding to the 500+ comments? Or just start a new thread, pin it and un-pin the old ones. The message gets convoluted in-between the on and off-topic replies.
As a matter of fact, you shouldn't even allow us to reply to your updates. Just let everyone start their own thread with their concerns or questions.
At least update the original/first post, so everyone doesn't have to dig through all this every week to find out what is going on.
Come on, put some effort into making this easier on supporters.
Really? Entitled much?
We get daily progress updates from the lead dev on the project. Let's be thankful for the wealth of information we already get and not complain about the updates' formatting...
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General Discussion / Re: Should BitShares abandon Currency Codes for Ticker Symbols (4 characters)?
« on: March 19, 2014, 04:21:29 pm »Like this. So BitUD can be XUSD, BitGld XGLD etc.
I think all BitShares products (BitShares DNS, BitShares X, BitAssets) should have codes that appear near each other in alphabetized lists.
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General Discussion / Re: Should BitShares abandon Currency Codes for Ticker Symbols (4 characters)?
« on: March 19, 2014, 04:15:32 pm »We will definitely need hierarchial asset names, I promise. XT:USD.
I like this.
We have to consider that Bitshares products are all going to show up in crypto-currency lists and on centralized exchanges, and having some kind of prefix for all of them will tremendously help brand identity. So on something like Cryptsy, there should be a whole range of products whose codes all start with something like "BTS."
So XT:USD is good, but I think it should also be tied somehow to the rest of the Bitshares brand. Ideally, someone glancing at it should know that BitUSD is a distant cousin of BitShares DNS.
This gets out of hand pretty quick: BTS:XT:USD?? that's messy and doesn't seem terse enough.
Do people agree that it would be helpful for all Bitshares products to be quickly and conveniently identifiable as such?
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General Discussion / Re: First post: Hello world,Hello ME
« on: March 18, 2014, 01:36:36 pm »I am contemplating different issuance models... currently the number of unique types of shares that can be issued per chain is limited to 2^16 or about 65K.
In this sense the ability to issue shares is a limited resource. I am thinking of limiting it to one new type per block maximum and thus who ever paid the highest transaction fee would get their shares issued first.
Might be worth considering a share-name expiration time also. If someone issues the name "urple" and then never does anything with it, let it expire.
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General Discussion / Re: First Half of "What is a DAC?" script
« on: March 18, 2014, 01:33:41 pm »To nitpick your example, SETI isn't autonomous in the way a DAC is. A DAC is autonomous on the management end, not on the user end. SETI was (is?) managed centrally and actively.
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Do explain
SETI@home is a research program that's managed by scientists out of UC Berkeley. The client software that looks for ET does run autonomously, but the data is reported back to a central location (UC Berkeley). So the network structure of SETI@home is like a hub (UC Berkeley) with spokes (all the individual computers running the client). If you removed the hub, the spokes wouldn't know what to do.
This is fundamentally different from a DAC. With a DAC, there doesn't even have to be a hub. Sometimes there will be hubs, and that's ok, because a DAC is designed so that if you remove a hub, the spokes will automatically reorganize themselves into a new network structure.
See the difference? Just because each computer in the network runs autonomously does not make the network itself run autonomously.
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General Discussion / Re: First post: Hello world,Hello ME
« on: March 17, 2014, 10:13:17 pm »How expensive would it be to issue my IOU shares?
When my noodle stand company is worth 1 million USD and I issue 1 million NS-Shares each at 1 USD with BTS ME. How much would I roughly have to pay? What are the costs specifically?
You can do this right now on Counterparty and it would cost you about $20-$30 in issuance fees. I think in the long-run Counterparty is planning to set up some kind of dynamic, variable issuance fees.
In Bitshares-land, there could be a prediction market for issuance fees. I expect BitShares Me fees to be relatively low and dynamic. The network experiences almost no cost to create an asset [citation needed], so the only reason to have any issuance fees at all is to discourage squatting. I wouldn't be surprised if issuing shares on BitShares Me looks a lot like registering a domain name on BitShares DNS.
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General Discussion / Re: bitGold
« on: March 17, 2014, 02:34:40 pm »No don't confuse me any further, don't add seasonal value to Bob'sMattressGold and make it global or hemisphere dependent. I'm still having trouble wrapping my head around the idea of trading in the value of something, instead of trading the something itself.
There's a great analogy running around somewhere called "Bookie Bob's solution to bitcoin volatility." Google it - it's highly worth a read if you're trying to figure out bitshares X for the first time.
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General Discussion / Re: First Half of "What is a DAC?" script
« on: March 17, 2014, 02:23:40 pm »
To nitpick your example, SETI isn't autonomous in the way a DAC is. A DAC is autonomous on the management end, not on the user end. SETI was (is?) managed centrally and actively.
Sent from my SCH-S720C using Tapatalk 2
Sent from my SCH-S720C using Tapatalk 2
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General Discussion / Re: First Half of "What is a DAC?" script
« on: March 17, 2014, 02:16:18 pm »
I always say Company, and my simple reason is that it provides immediate connotations of profit. One of bytemaster's early papers used profit as a DAC distinctive, and that stuck in my mind.
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Sent from my SCH-S720C using Tapatalk 2
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General Discussion / Re: Scientific Advisor Needed?
« on: March 16, 2014, 11:42:27 pm »I am not sure but I guess that you may need a scientific advisor to advise you how to write real papers with serious mathematics, at least nicely formatted with LaTeX (?) I would be glad to help, if certain acknowledges are provided. I am not ready to reveal my thinkings and my true identify. So, what I expect is that, people with sharp eyes can see through my text the intrinsic value.
tomorrow, you are a strange dude. I like you.
I can't say much about ML, but I'm a researcher in the area of computational game theory, and I'm specifically interested in distributed, local incentive mechanisms that promote efficient aggregate behavior in social systems. If there's to be any formal scientific publishing, please count me in! I also know LaTeX, and I'd love to bring DACs and crypto-equities in general into the academic sphere.
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General Discussion / Re: My visit to I3: Status update and thoughts
« on: March 16, 2014, 06:16:36 pm »Toast, are you going to work full time for invictus on bitshares domain?
Afterwards I'm still not sure since I have a very compelling job offer starting in October, but it's certainly possible I'd ditch that and join I3 instead.
When BitShares becomes the next transistor, printing press, internet, <insert revolutionary technology here>, could you really sleep at nights if you turned down an opportunity to work full-time with invictus?
Excellent update, thanks.
