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Messages - davidpbrown

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General Discussion / Re: Vitalik Buterin compares bitshares vs ethereum like ASIC vs CPU. Thoughts?
« on: March 27, 2014, 12:07:02 pm »
Well that is the multi-million dollar question..

To continue the analogue above, why have the CPUs doing work that speicialist GPUs can do? Tying it all together is no mean feat though, so if they pull it off, fair reward due. ATM we don't know that it's not possible and in all likelihood it is practical in a useful way.

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General Discussion / Re: Vitalik Buterin compares bitshares vs ethereum like ASIC vs CPU. Thoughts?
« on: March 27, 2014, 10:41:11 am »
I like this analogue. Obviously, "Application-Specific" tools are going to be easier to implement and better in the short to medium term.

Ethereum is ambitious to say the least and setting that up is going to take a lot of work. It will be interesting to see Ethereum develop to a point that it can draw on 'ASIC' like tools, such as BitShares, and then do more with those. I can't see Ethereum every replacing BitShares or others - even it's pretentions of doing Namecoin in 9 lines, understates the benefits of having a tool for the job. Ethereum might add flexibility but when you don't need flexibility, that overhead perhaps not needed either.

648
General Discussion / Re: [USA] IRS Declares Virtual Currency to Be Property, Not Currency
« on: March 25, 2014, 10:05:14 pm »
Quote from: delulo on March 25, 2014, 09:27:03 pm
Quote from: davidpbrown on March 25, 2014, 09:06:37 pm
Having clear legislation must be a big positive for business enagement. It's not quite death by taxes but might be a PITA for individuals to understand - I expect it'll be a positive overall.

But wasnt this clarification?

Clear as mud to me when I read it. I'm not familar with US taxes; perhaps it's clearer to those who've done an IRS form before.

649
General Discussion / Re: [USA] IRS Declares Virtual Currency to Be Property, Not Currency
« on: March 25, 2014, 09:06:37 pm »
Having clear legislation must be a big positive for business enagement. It's not quite death by taxes but might be a PITA for individuals to understand - I expect it'll be a positive overall.

650
General Discussion / Re: [USA] IRS Declares Virtual Currency to Be Property, Not Currency
« on: March 25, 2014, 07:01:08 pm »
See what they need is a way to keep track of the transfer of assets.. in before DAC Tax 8)

651
General Discussion / Re: BitUSD thought experiment
« on: March 24, 2014, 02:20:13 pm »
Quote from: luckybit on March 24, 2014, 10:15:43 am
The merchant can just get the license. I don't see the big deal.

I'm no expert in FinCen licensing but suspect it can't be simple. The likely requirement for KYC to prevent laundering, would be a stop enough but then the fees and trouble to get a license seem clear:

From Coindesk: http://www.coindesk.com/bitcoin-law-money-transmission-state-level-us/
Quote
In addition to the disclosure requirements, the financial obligations are substantial. A New York money transmitter must carry at least a $500,000 surety bond, and bonding agents will require a recurring yearly payment of 2-10% of the total bond amount, depending on the personal credit rating of the bond’s guarantor.

An applicant must also satisfy minimum capitalization requirements that push well into the six figures. Add to that the cost of annual reporting, record-keeping, audits and legal fees. It should come as no surprise that (i) the costs of licensure, combined with (ii) the uncertainty of whether licensure is even required in the first instance, drive some businesses to not apply at all.

652
General Discussion / Re: First Half of "What is a DAC?" script
« on: March 24, 2014, 09:39:54 am »
Quote from: luckybit on March 24, 2014, 06:42:00 am
Quote from: davidpbrown on March 17, 2014, 01:16:53 pm
Keep it simple?..

Is the C of DAC, Corporation? I prefer Adam Levine's suggestion that it's Consensus.
I wonder it is the "Autonomous" AND "Consensus" that makes its potential to function as a Corporation?

"Distributed", "Autonomous" "Consensus"

Just use corporations. Worrying about regulators even in the marketing of your ideas? If you're that afraid you wont even be able to talk about it.

wtf!?

I suggested Consensus because it made more sense; I'm not 'marketing ideas' and certainly not worried about regulators - are you projecting your own concerns?

I prefered Consensus as that is a positive statement suggesting collective support. Corporation is a dull word, with many negative connotations that perhaps doesn't add anyhing. The Corporation is usually the sum total and whole, defining the boundary of action and interest. What the DAC is, might act as Corporation in a new way. You can have DA as adjectives too, if you want it that badly; I don't mind eitherway.

653
KeyID / Re: How are bid collisions resolved?
« on: March 23, 2014, 07:26:24 pm »
Quote from: toast on March 23, 2014, 06:11:14 pm
It's all about transaction fees. Miners pick the transactions anyway ("oops I didn't see your bid!").

How much of any transaction is visible to miners?.. If there is anything visible ahead of their selecting it, how is this not a liability allowing evil miner to manipulate markets to their advantage??.. I'm no expert when it comes to what already exists as playing financial markets but I can imagine giving priority to ones own transactions could leverage quite a gain on any fluid market, it would be an invisible pump and dump; the miner would just be more efficient and gets confirmations - not quite HFT but similar outcome.

654
General Discussion / Re: Initial cap for BitShares X
« on: March 23, 2014, 03:35:11 pm »
Total BTS X coins surely is 4,000,000 as per this and others. I don't know where OP got 15% from but then I've not really ever understood the size of AGS.

You could consider what value BTS would need to be to replace that lost from the initial PTS drop but BTS are not PTS, the whole point is the added value and utility that follows.

655
General Discussion / Re: Emerging Narratives
« on: March 21, 2014, 04:18:34 pm »
The why is important but there are better ways of doing that than demonizing what exists. Talking down the opposition shouldn't be necessary.

You might consider that Governments are nefarious, others might disagree and might appreciate their efforts; and yet you would both agree on what is being done here to progress what is possible.

If such narrative was written as a positive, to acknowledge how empowering the individual is liberating, it might go down better than kicking those who 'control us'?.. Even just abstracting it to the idea of how third parties are inefficient, might do better than tending to a typically libertarian slant and talking of 'others imposing the will of the majority by force'. There's no point in alienating half the political spectrum - just give them the tool that changes their reality and they will learn from that positive. Challenge what they hold dear and you'll scare them into wondering what viewpoint they are supporting.

2¢ - I would prefer that we're politically neutral, as that's less likely to meet resistance.

656
General Discussion / Re: Emerging Narratives
« on: March 21, 2014, 03:16:52 pm »
Quote from: delulo on March 21, 2014, 02:43:06 pm
<snip/>
In my opinion it is not clever to rethorically attack gvernments like this. Just provide the technology that will make it .. happen and be diplomatic and friendly otherwise :)

<snip/>
It is just not neccesary to make yourself enemies with authorities. It is against your cause.

Why do people still do it? Because fighting mode in which a specific enemy is identified and in which roles are clear (I am/we are good, the other side is bad) is calming for humans.

I agree and think that's an important point. I'm surprised to see some form of Newsletter evolving above! The formal position should be neutral. Talking politics is likely to alienate people and will bring a backlash that suggests personal egos and opinions are clouding the dialogue. Any talk of Government being force or nefarious, is partial and open to misinterpretation.

Demonising others, like Government, is a mistake - and shouldn't be necessary. What exists currently, is more a statement about where we are. Ignoring some of the inevitability of history to suggest that there's somehow a conspiracy against what it obviously better, just makes the challenger look weak, where the reality is more that we're just moving forward and beyond what has been possible previously.

The old addage of 'no politics; no sport; and no sex', tends to apply. Such talk tends to put those who don't exactly agree on the defensive and drives a people apart rather than drawing them together.

Focus on providing the tool and not what it is to be used for - leave that to people's imagination.

657
General Discussion / Re: This is your chance: How would you describe the forum?
« on: March 20, 2014, 12:02:56 pm »
Quote from: unimercio on March 19, 2014, 11:07:02 pm
My inspirational call to action, not too cheesy, I hope.

Visit our forum, and collaborate with your peers as you explore endless possibilities, then realize them.  Participation is no longer optional, your voice, silent or otherwise will form our collective reality. Whether a visionaries, developers or investors your amongst like minds.  So, please join us and be heard, the future starts here and goes where we take it.

"Join our cult .. Peace and Love"  ;)


Quote from: CWEvans on March 19, 2014, 10:40:21 pm
Quote from: davidpbrown on March 19, 2014, 09:04:54 pm
Home to the Communities Behind Invictus BitSharesDACs.

That was the first form I had but then there's Keyhotee and is that a DAC.. or outside BitShares and so credited Invictus. Whatever makes sense.

658
General Discussion / Re: Emerging Narratives
« on: March 19, 2014, 09:17:51 pm »
Quote from: CLains on March 19, 2014, 06:24:49 pm
What are the emerging narratives in this space?

The removal of central authority.

+decentralised +autonomous +consensuses


It goes beyond [Privacy, free information, voluntarism and decentralization]; it's empowering people; it's enabling the development of democracy and supporting liberal values - it's progress. The ability of those with existing power and wealth to frustrate and control others, is the dominate problem that most people aren't aware of because they haven't had an alternative to make that obvious.. alternates incoming.

659
General Discussion / Re: This is your chance: How would you describe the forum?
« on: March 19, 2014, 09:04:54 pm »
Home to the Communities Behind Invictus DACs.

Find out more about making the most of BitShares X; BitShares ME; BitShares DNS; Keyhotee, and contribute to the development and testing of future products. Whether you are new to crypto-currency and crypto-assets or whether you are Satoshi Nakamoto, this forum will help you see the next steps in Bitcoin's development.

660
General Discussion / Re: New website sneak peek: BITSHARES.ORG
« on: March 18, 2014, 09:36:11 pm »
Looks good. A few initial impressions..

- I don't like the dark navy and dark grey backgrounds to the elements below [Find out what we can do with BitShares] and the Bitcoin to BitShares
- [Beyond Bitcoin Las Vegas] could do with being a link.
- FAQ could do with being in the top line with News and Community, as that's one of the strongest bits of content.
- "Find out what we can do with BitShares" -> "Find out what you can do with BitShares"
- [Secure; Low Cost; Convenient; Decentralized] each need depth - perhaps just link to the FAQ for something relevant.
- [BitShares in the news] links appear to be javascript rather than simple links. Please check the site works without javascript!.. eek I just undid the noscript permissions and a large part of the page doesn't appear without javascript enabled.
- "We are the Reimagineers." - hmm.. pictures of the people who be a good addition. Since you like javascript perhaps do something novel like when mouse over that person the picture changes to be more attentive and when off target falls back to looking busy.

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