The creator of a now defunct crowdfunding site fueled by Bitcoin, BitShares, wrote a biting online post on Tuesday arguing that the D.A.O. would most likely fail for the same reason that BitShares ultimately failed: “people problems, economic problems and political problems.”

http://www.nytimes.com/2016/05/22/business/dealbook/crypto-ether-bitcoin-currency.html

From his original post, I get that he only talks about BitShares mistakes in the past, he didn't exactly claim bts is dead? It's certainly not in a good condition but did he actually claim that? Or did the nytimes just twist his words?

http://www.economist.com/news/finance-and-economics/21699159-new-automated-investment-fund-has-attracted-stacks-digital-money-dao not by the best reasons but still surprised it got a mention

https://counterparty.io/news/proposal-for-ethereum-smart-contracts-on-counterparty-mainnet/

Ok, it isn't, but it's still funny

Hey guys, I've been reading a bit about this. Could you give me your input? This seems to be based mostly on the fact that taxes are coercive, that people didn't agree to it. However I have a question, which is probably the most asked.

Then how would we have, roads for example? From what I've read some people base it on free markets or voluntaryism. Or on the fact that people pay for what they use. However, what keeps from someone to create a monopoly? Imagine you need to go from A to B and that you need a bridge or road. Assume people pay no taxes. How would it work out?

I would assume some company would build it and collect a fee each time a car crossed it to pay their expenses, plus, have a profit? What keeps them from having a high fee that people can't afford? In free markets, another company, more competitive and with cheaper fees would be the option. However not every company has the needed budget to start a project like that. Someone could easily monopolize it.


Or assume something similar with an hospital and each time you go and see a doctor it is very expensive. Health is something everyone needs and if they can't afford it they could die. By necessity people would end up paying. Wouldn't that be considered coercion too? Once again assuming an hospital is something very expensive to build, hire doctors, etc and that one company could easily have the monopoly in a relatively isolated area.

I would like to have your input on this. I seem to think some taxes are needed/useful, they just aren't properly used and there is no accountability. However I would like to understand the point of view from someone who things taxes really aren't needed. Not just the why, but solutions too, like for the examples I gave. I find this an interesting topic of conversation and would like to learn more. If someone in a conversation asked me this I couldn't refute it so I would like your help and try to understand this side of the argument.

https://www.reddit.com/r/ethereum/comments/4i0z0t/finally_happened_disappointed_this_is_not_on/

btw, is peerplays doing what dacplay was supposed to do? i got that impression from the video. a chain to support games that makes it fair for everyone.

Trollbox has been added (with tipping!)

 

Am I getting this right: https://steemit.com/politics/@donaldtrump/lets-talk-politics <- The OP of this post is getting paid 105 USD for having made that post?

105,964.78 seems more like $100k to me. I haven't looked into steem so I don't know how it works. Could someone briefly explain? Obviously he wont get 100k for a post.

In writing the BitShares description I noticed that we actually failed to address the right market...

BitShares in a nutshell is a trading engine software for exchange service operators like CCEDK, BitStamp, Kraken etc. Uniting all order books and give everybody more liquidity. However, the sales pitch is hard because the exchange has to give up his control over the order book and has to be 100% transparent.

Question to the community: Should the new website description rather

a) focus on people who want to build or are running an exchange already?
b) focus on companies, startups who want to connect to the global exchange via API and enable payments, trading etc. at the DEX?
c) focus on startups who want to start a crowdfunding and seek a platform for their initial coin offering (ICO)?

In the long term BitShares technology has a b2b focus and is more interesting for exchange operators or startups like BitShares Munich who build mobile payments and pos services. An individual person needs a good, solid interface to interact with BitShares.

What are your thoughts?

Why not have a usecase for each of those explained in detail? I think that would be the best, if not, then b)