61
General Discussion / Re: Vegas Baby, Vegas: The Buzz About Bitshares by Brian Page
« on: December 19, 2013, 09:58:48 am »
Wow! 
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62
General Discussion / Re: Why we need Angel Shares[UPDATED Dec 18]
« on: December 19, 2013, 09:52:32 am »Quote3. You did give me the idea that it might still be a good idea for a team to release it's own ProtoShares. It would be up to the team.
A new team needs another AngelSahres, not another Protoshares.
Yeah, you're right because we want PTS to be the glue that binds. But perhaps the DAC team could still have a giveaway or something to get people excited and get more shares out into the universe.
63
General Discussion / Re: Why we need Angel Shares[UPDATED Dec 18]
« on: December 19, 2013, 07:45:29 am »]Forgive me if I mis-understand something,
but I think angleshares could be a natural part of 3I as an DAC,
just like the model they have proposed before.
For example, a possible model should be like this:
1. Every software project of 3I should have a new (angle)share/coin branched from the mother DAC share, and use coding as POW because the new project is directly benifited by coding itself. There is already some software available like Bithub to do this (https://github.com/WhisperSystems/BitHub)
2. This new share should accept as many currencies as possible, and donors acquire this new share in current exchange rate. In this way, this project is funded and the new share is backed by the donated money, just like fiat currencies are backed by gold.
3. To honor protoshare, protoshare holders should have 1:1 amount of this new share relative to their protoshares.
And these are also the three ways to obtain such new share
(i. e. 1. Mining by coding 2. Exchange by funding 3. obtain PTS)
The big picture: Everyone here is really keen on decentralization. But, there's a problem. Invictus is a centralized company. What to do? Well, because Invictus loves decentralized entities too, they came up with the idea of ProtoShares. ProtoShares does not benefit Invictus. They mine them just like everyone else does. If they sold the PTS, then they would have no stake in the future of DACs. Now, this is important. The future of DACs. Nothing guarantees that Invictus will be a part of that future. The projects are open source. Anyone can copy them and start their own DAC. If this happened, then it would also benefit the new company to honor the PTS social promise/contract. If they didn't, that company would have to start a whole new community fresh. They would have no network effect to propel them.
Now, Invictus needs funding. Every company needs funding. What to do? AngelShares gives any team of DAC developers a chance at funding. If the idea is good and the team is good, then funding should be easy to obtain. However, if the team starts to fail (this includes invictus) then people can stop buying the AngelShares and even trade them for another team of developer's AngelShares.
PTS is the glue that binds the DAC movement. AngelShares is the engine that move it forward. Technically, any team of Developers is free to release their AngelShares however they want. Invictus hasn't officially released their AngelShare model but it seems to be a system where you pay them to mine Invictus AngleShares for you.
Exactly. The key is every DAC/project needs funding.
As a donor, one may wanna be specific where his money goes:
1. To the DAC(3I) at kickstarting stage. This purpose is served well by PTS for 3I.
2. To a project of the DAC. This could be where angleshares go.
So PTS is like the root dorectory of '3I system' and angleshares are sub-folders.
In this way, angleshares should not be recognized as duplicate/dilution of PTS.
The problem with the whole Angelshares thing is we don't really want to trust a centralized company even if its 3I. Look at what happened to Bitfunder, or BTCT.
3I is in the United States just like those others were. If it's done following the Mastercoin model then it could work but if it's traded on an exchange then it might have legal vulnerability. I just don't know and this needs more planning.
Mining doesn't have any of these risks but I do understand the problem of raising funds and that you need some kind of Kickstarter.
I do worry some about the legal stuff. I had heard that they were looking into retaining legal help. But I don't know anything about it.
64
General Discussion / Re: Why we need Angel Shares[UPDATED Dec 18]
« on: December 19, 2013, 07:42:00 am »Forgive me if I mis-understand something,
but I think angleshares could be a natural part of 3I as an DAC,
just like the model they have proposed before.
For example, a possible model should be like this:
1. Every software project of 3I should have a new (angle)share/coin branched from the mother DAC share, and use coding as POW because the new project is directly benifited by coding itself. There is already some software available like Bithub to do this (https://github.com/WhisperSystems/BitHub)
2. This new share should accept as many currencies as possible, and donors acquire this new share in current exchange rate. In this way, this project is funded and the new share is backed by the donated money, just like fiat currencies are backed by gold.
3. To honor protoshare, protoshare holders should have 1:1 amount of this new share relative to their protoshares.
And these are also the three ways to obtain such new share
(i. e. 1. Mining by coding 2. Exchange by funding 3. obtain PTS)
The big picture: Everyone here is really keen on decentralization. But, there's a problem. Invictus is a centralized company. What to do? Well, because Invictus loves decentralized entities too, they came up with the idea of ProtoShares. ProtoShares does not benefit Invictus. They mine them just like everyone else does. If they sold the PTS, then they would have no stake in the future of DACs. Now, this is important. The future of DACs. Nothing guarantees that Invictus will be a part of that future. The projects are open source. Anyone can copy them and start their own DAC. If this happened, then it would also benefit the new company to honor the PTS social promise/contract. If they didn't, that company would have to start a whole new community fresh. They would have no network effect to propel them.
Now, Invictus needs funding. Every company needs funding. What to do? AngelShares gives any team of DAC developers a chance at funding. If the idea is good and the team is good, then funding should be easy to obtain. However, if the team starts to fail (this includes invictus) then people can stop buying the AngelShares and even trade them for another team of developer's AngelShares.
PTS is the glue that binds the DAC movement. AngelShares is the engine that move it forward. Technically, any team of Developers is free to release their AngelShares however they want. Invictus hasn't officially released their AngelShare model but it seems to be a system where you pay them to mine Invictus AngleShares for you.
Exactly. The key is every DAC/project needs funding.
As a donor, one may wanna be specific where his money goes:
1. To the DAC(3I) at kickstarting stage. This purpose is served well by PTS for 3I.
2. To a project of the DAC. This could be where angleshares go.
So PTS is like the root dorectory of '3I system' and angleshares are sub-folders.
In this way, angleshares should not be recognized as duplicate/dilution of PTS.
1. 3I doesn't profit or benefit from PTS. Even if they sold all their PTS, it wouldn't be enough to fund things. Note, Invictus already has some outside funding.
2. AngelShares funds go to the DAC team. If you were to get Invictus AngelShares, you would fund the expansion of Invictus. Get another team's AngelShares, you would fund that team.
3. You did give me the idea that it might still be a good idea for a team to release it's own ProtoShares. It would be up to the team.
65
General Discussion / Re: Why we need Angel Shares[UPDATED Dec 18]
« on: December 19, 2013, 07:06:00 am »Forgive me if I mis-understand something,
but I think angleshares could be a natural part of 3I as an DAC,
just like the model they have proposed before.
For example, a possible model should be like this:
1. Every software project of 3I should have a new (angle)share/coin branched from the mother DAC share, and use coding as POW because the new project is directly benifited by coding itself. There is already some software available like Bithub to do this (https://github.com/WhisperSystems/BitHub)
2. This new share should accept as many currencies as possible, and donors acquire this new share in current exchange rate. In this way, this project is funded and the new share is backed by the donated money, just like fiat currencies are backed by gold.
3. To honor protoshare, protoshare holders should have 1:1 amount of this new share relative to their protoshares.
And these are also the three ways to obtain such new share
(i. e. 1. Mining by coding 2. Exchange by funding 3. obtain PTS)
The big picture: Everyone here is really keen on decentralization. But, there's a problem. Invictus is a centralized company. What to do? Well, because Invictus loves decentralized entities too, they came up with the idea of ProtoShares. ProtoShares does not benefit Invictus. They mine them just like everyone else does. If they sold the PTS, then they would have no stake in the future of DACs. Now, this is important. The future of DACs. Nothing guarantees that Invictus will be a part of that future. The projects are open source. Anyone can copy them and start their own DAC. If this happened, then it would also benefit the new company to honor the PTS social promise/contract. If they didn't, that company would have to start a whole new community fresh. They would have no network effect to propel them.
Now, Invictus needs funding. Every company needs funding. What to do? AngelShares gives any team of DAC developers a chance at funding. If the idea is good and the team is good, then funding should be easy to obtain. However, if the team starts to fail (this includes invictus) then people can stop buying the AngelShares and even trade them for another team of developer's AngelShares.
PTS is the glue that binds the DAC movement. AngelShares is the engine that move it forward. Technically, any team of Developers is free to release their AngelShares however they want. Invictus hasn't officially released their AngelShare model but it seems to be a system where you pay them to mine Invictus AngleShares for you.
You made a key point which can resolve a lot of these issues. You said Angelshares will be tradeable. If that is the case then miners will be happy because they'll be able to trade for Angelshares on crypsy. If Bitshares is put on some exchanges too such as crypsy then that would work for people who have LTC or BTC or who need some other altcoin for a specific purpose.
Mining altcoins isn't bad, it's just there are too many worthless clone coins which don't matter being mined. Some mined altcoins will have enough value to be traded.
I'm getting excited about this too. What we really need now are more Developers.
66
General Discussion / Re: Why we need Angel Shares[UPDATED Dec 18]
« on: December 19, 2013, 01:54:18 am »Forgive me if I mis-understand something,
but I think angleshares could be a natural part of 3I as an DAC,
just like the model they have proposed before.
For example, a possible model should be like this:
1. Every software project of 3I should have a new (angle)share/coin branched from the mother DAC share, and use coding as POW because the new project is directly benifited by coding itself. There is already some software available like Bithub to do this (https://github.com/WhisperSystems/BitHub)
2. This new share should accept as many currencies as possible, and donors acquire this new share in current exchange rate. In this way, this project is funded and the new share is backed by the donated money, just like fiat currencies are backed by gold.
3. To honor protoshare, protoshare holders should have 1:1 amount of this new share relative to their protoshares.
And these are also the three ways to obtain such new share
(i. e. 1. Mining by coding 2. Exchange by funding 3. obtain PTS)
The big picture: Everyone here is really keen on decentralization. But, there's a problem. Invictus is a centralized company. What to do? Well, because Invictus loves decentralized entities too, they came up with the idea of ProtoShares. ProtoShares does not benefit Invictus. They mine them just like everyone else does. If they sold the PTS, then they would have no stake in the future of DACs. Now, this is important. The future of DACs. Nothing guarantees that Invictus will be a part of that future. The projects are open source. Anyone can copy them and start their own DAC. If this happened, then it would also benefit the new company to honor the PTS social promise/contract. If they didn't, that company would have to start a whole new community fresh. They would have no network effect to propel them.
Now, Invictus needs funding. Every company needs funding. What to do? AngelShares gives any team of DAC developers a chance at funding. If the idea is good and the team is good, then funding should be easy to obtain. However, if the team starts to fail (this includes invictus) then people can stop buying the AngelShares and even trade them for another team of developer's AngelShares.
PTS is the glue that binds the DAC movement. AngelShares is the engine that move it forward. Technically, any team of Developers is free to release their AngelShares however they want. Invictus hasn't officially released their AngelShare model but it seems to be a system where you pay them to mine Invictus AngleShares for you.
67
General Discussion / Re: How will Chinese investors be able to purchase Protoshares/Bitshares now?
« on: December 18, 2013, 03:29:19 pm »
Stan
68
General Discussion / Re: Why we need Angel Shares[UPDATED Dec 18]
« on: December 18, 2013, 03:27:29 pm »
{Que23}
Now, It's my understanding that AngelShares will be tradable. This really changes everything if they are and takes away a lot of the worry about centralization. As soon as some of the competing DACs are ready to move forward, then we will have real competition within this space. Don't like BitShares? Don't think it's adding value to your ProtoShares? Then swap your Invictus Angelshares for some new developer's AngelShares. If one DAC can't get Angels to invest, then there's something wrong with the idea or the team. If a team of Developers starts doing things you don't like, swap out your DevXAngelShares for Invictus AngelShares. Better trade fast, because if they're really screwing up, then their AngelShares will go to zero and they will have a very hard time finding new investors. Competition! It solves so many problems.
I am not sure making AngleShares tradable is a good idea, it will have cascading effect on Protoshares, could be good, could be very bad.
The reason you want PTS, the reason I want them is it protects you from people just forking any of the open source DACs and running with it. As we've seen with Bitcoin, the network effect is very powerful. So, if someone tried to take Bitshares without honouring PTS holders, it would be an uphill battle for that person or group. We already have a strong community of PTS holders and soon to be AngelShare holders. But AngelShares are different, they are for funding. Where PTS keeps the whole DAC project together, AngelShares keeps the teams competing. After AngelShares, we don't actually need invictus anymore. If they screw up bitshares and someone forks it and does it better and honours PTS holders, then we can just stop buying Invictus AngelShares. Better than that, we can trade them for the new teams AngelShares. Invictus really thought of everything when they create PTS(I'm thinking they should have made more), and AngelShares just makes our situation so much better, because now we can take this project anywhere. The project is portable.
69
General Discussion / Re: How will Chinese investors be able to purchase Protoshares/Bitshares now?
« on: December 18, 2013, 01:16:15 pm »
Wow, some exciting developments recently. I feel good things are coming!
70
General Discussion / Re: How will Chinese investors be able to purchase Protoshares/Bitshares now?
« on: December 18, 2013, 11:42:57 am »THANK YOU!!!!
I made similar comments under the topic "should we be calling it BitShares"
This thread was started just before the recent plunge.
I believe it is very necessary to separate the concept of BitShares from Bitcoin.
The recent drop in price of bitcoin has caused PTS to half in value, even though this doesn't make too much sense. and Protoshares doesn't even sound like bitcoin.
Now if we launching BitShares (which even sounds like bitcoin), we may be tethering ourselves to a sinking stone. BitShares has the potential to be a colossal mammoth of a ship, it would be a shame to see it sink because it was anchored to a sinking stone.
As for China, right now China is dominating the bitcoin market in terms of transaction volume and market share. Thus problems in china would cause a price drop causing more people in China to sell. After some time if China keeps its current strict regulations, it will loose its market share and price will be determined by other countries. In such a situation, price may go up even if China becomes more strict. This will open up a large informal market in China for bitcoins independent of Chinese regulation.
People in China can still buy bitcoins, just not through banks and exchanges.
We should have priced pts in dollars.
71
BitShares PTS / Re: [Megabounty Thread] Help Us Write the Protoshares Copy
« on: December 18, 2013, 09:22:28 am »Interesting thread.
Being a "newbie" in these circles, I offer a layman's perspective. Reading through the posts, clearly a brainstorming session. There are many good copyright proposals and other points brought up here. Even the misses because they help clarify issues. Then there's the underlying theme/discussion concerning broader marketing/branding issues e.g. Invictus/Protoshares/Bitshares in communicating your mission to people like myself loud and clear. One never gets a second chance to make a first impression.
In relation to this point I agree with Que23, Bytemaster. Recommend branding as Bitshares ASAP with Protoshares as a preliminary opportunity to get involved. You have a great chance to tie it in with the Keyhotee roll out etc. Get us motivated to participate in growing the Bitshare project.
Your USP
Foremost, your unique selling point then seems to be DAC. Unfortunately, just an acronym bereft of clear meaning or more importantly, value. Spelled out it gets worse. Even includes "corporation". Yikes. A bit of a misnomer even if not by definition. You already have a concise "What is DAC" on the Protoshares.net web, so for main page copyright I would simply link to info and limit its use to formal IDs e.g. "A decentralized person to person service platform based on Distributed Autonomous Corporation (DAC) technology". Even better, coin a new term for it. After all you are the leaders in the industry.
Excellent point.. I think the value of what DACs are is getting lost in the term.. Imagine saying Distributed Autonomous Corporation to someone over lunch.. the term would be completely lost on them.. it sounds too much like spin or marketing jargon.. you can be sure they wont be able to repeat it back to you a few minutes later..
Maybe brainstorming a new term for DACS would be a help.
This argument has already played out. I was watching the mastercoin presentation on youtube and he actually mentioned the discussion he had with Invictus over the term DAC. The mastercoin guy doesn't like it either. You could use mastercoin's 'distributed applications' if you like it better. They're interchangeable almost. Since DACs pay dividends though, they are more corporation-like. The service a DAC performs charges a transaction fee. The fee is given to its shareholders--a dividend. This is how DACs create value.
72
General Discussion / Re: Why we need Angel Shares
« on: December 18, 2013, 04:52:25 am »Can't agree more with luckybit. That is something I want to express, but still not have deep and clear thought, stick in mouse.
BTW, in DAC, people have money resources and labor/mining resources, they may want to contribute and maybe return. But some labor resources are not easy to transform to money, but can have the same effect of contribute to DACs. E.g. I work daily from Mon to Fri, I would like to contribute my resource and time to DACs on Sta. and Sun even if it has less ROI, but it is not easy for me to do boring works on weekend for money, and using these money to invest in.
I use the term "labor", but don't like it, the community have many other resources, ideas, feedback, thoughts, smart guys, It's also a waste not to use them.
I was attracted in the community by the Mission(http://invictus-innovations.com/mission/) page of 3I's website, it says that "Centralization tends to corrupt. And absolute centralization corrupts absolutely." But I do not understand why we should do the decentralization revolution in a centralize way.
I've updated my post, make sure to check it out. AngelShares will not centralize anything. As soon as more DAC teams are ready to go, there will be competition. If you don't like how things are going with one team, then you can invest in a new idea or team. Invictus actually wants you to do this. They would love for you to punish bad actors.
73
General Discussion / Re: Chinese version of Invictus Innovations website ONLINE!
« on: December 18, 2013, 02:46:05 am »
That's awesome!
74
General Discussion / Re: Why we need Angel Shares
« on: December 18, 2013, 02:41:25 am »I think it's really important to remember that DACs perform a service. It's those services and the ingenious way they perform those services that brings people to this forum.
I'm super excited about all the DACs that Invictus are doing and all the other DACs that people are proposing. I am really thrilled and honored to be taking part in this revolution. Invictus is doing some ground breaking work and we all can help and be a part of that.
ProtoShares were/are a way to vet ideas in the market. The original idea was that any DAC would be able to test their ideas using protoDACshares. I think for the most part, they worked fairly well for Invictus. ProtoShares primary function was to bring us together, to look at their ideas and decide if we wanted to keep PTS in our wallets or dump them into the market. It worked. Even with profiteers dumping PTS, the price stood strong. We gave Invictus the green light to move ahead.
The mining of bitshares
I'm not sure if mining bitshares had anything to do with equal distribution of the shares. Under proof-of-work, mining secures the network. Invictus originally wanted to create a way so that only single users would be able to mine, as to avoid Bitcoin's achilles' heel of centralized mining power.
The simple question is: Why should we give shares away through mining or a giveaway for no reason whatsoever?
Equal distribution is not important. Wide distribution is important.
If the community isn't very big or very deep then Bitshares will be forked because people will view it as somehow tainted if it's not widely and deeply distributed. We don't want to go through all that mess just because miners are left out.
Basically I believe our shares would be worth more if there are more people who are stakeholders. Some people believe having less stakeholders but more money is good for the value of their shares. In the short term they might be right that having a flood of money is good for their shares even if its fewer shareholders. Most of us own PTS already and will benefit regardless but for people who discover Bitshares a year from now they aren't going to be happy when told to buy Bitshares if a Bitshare is $500 and it looks like we basically own them all in advance. It could cause it to be perceived as unfair and we already see people saying Bitcoin, Mastercoin, because they came in late and now cannot afford to get any.
Corporations in the real world eventually go public after the IPO process is complete but even prior to the IPO they distribute shares in-house. How do we want to do that? I don't advocate giving them away for free, but what services or tasks do we want people to do in exchange for shares? If we say nothing they can do will get them shares then what if they decide to create a fork which is the exact same social contract but with greater sense of inclusion?
I see it as a choice between quick short term money or a long term sustainable work distribution to share platform DAC. I also think when you have more stakeholders then it changes your narrative in terms of marketing and the main problem people have with Mastercoin or even Bitcoin is that too few people own a piece of it. As far as the distribution goes if you own PTS then you're locked into Bitshares at 2 million according to my plan so you're reserved in the IPO. The angelshares should be purchased and if there are 2 million of those that will allow the individuals with a lot of money to invest for their portion.
What about everyone else? 2 million reserved or everyone else seems fair to me. It can be used to get people to do all kinds of tasks like setting up a forum for each new DAC, setting up a website, and any other task which can be verified and it could be done within the infrastructure of a DAC so that it is decentralized and community controlled.
People have the idea that it's giving the community something for nothing but it's actually how you get a community of people to actively build. Just hiring programmers will not be enough and having 3I do hiring and bounties might work for Bitshares but what about the hundreds of DACs which will come after it? My idea would build up every future DAC the same way because my idea is a DAC.
From here on out I'm going to leave it up to the community to decide. My voice has been heard and I will profit regardless of the decision made.
Thank you luckybit. This was great. I'm not opposed to having a few more shares go out. I just wanted people to make a good argument for it, which you are. There is still the problem of how to get those extra shares out.
75
BitShares PTS / Re: [Megabounty Thread] Help Us Write the Protoshares Copy
« on: December 18, 2013, 02:31:52 am »Interesting thread.
Being a "newbie" in these circles, I offer a layman's perspective. Reading through the posts, clearly a brainstorming session. There are many good copyright proposals and other points brought up here. Even the misses because they help clarify issues. Then there's the underlying theme/discussion concerning broader marketing/branding issues e.g. Invictus/Protoshares/Bitshares in communicating your mission to people like myself loud and clear. One never gets a second chance to make a first impression.
In relation to this point I agree with Que23, Bytemaster. Recommend branding as Bitshares ASAP with Protoshares as a preliminary opportunity to get involved. You have a great chance to tie it in with the Keyhotee roll out etc. Get us motivated to participate in growing the Bitshare project.
Your USP
Foremost, your unique selling point then seems to be DAC. Unfortunately, just an acronym bereft of clear meaning or more importantly, value. Spelled out it gets worse. Even includes "corporation". Yikes. A bit of a misnomer even if not by definition. You already have a concise "What is DAC" on the Protoshares.net web, so for main page copyright I would simply link to info and limit its use to formal IDs e.g. "A decentralized person to person service platform based on Distributed Autonomous Corporation (DAC) technology". Even better, coin a new term for it. After all you are the leaders in the industry.
Benefits vs. Facts
Lighthouse put it nicely, "you should point out the actual advantages rather than just random bullet points". This being a tech thread the language used naturally reflects this with terms like "DAC", "ecosystem of services", "organic sets of conventions", "the world's first digital cryptographic corporation" etc. Though all accurate, to the uninformed, context is simply lost in translation. My point is, they communicate facts, where as your target needs to hear benefits! For example, if someone wants to sell me some software to help my office run better. What's going to clinch the deal for me is not the technical stuff but the sweet benefit of saved time and resulting freedom to knock off early Fridays for a nice afternoon round of golf.
So what are the benefits of DAC for me as a consumer? What kinds of applications are possible? In what areas? Limits? What "eco system of services" Que23? With Keyhotee I now know of one, I can imagine several but I'm sure It's the kind of people resident here that have a much broader grasp of intended and potential applications and I hope you expand that discussion here just on this critical point alone. I think tying this down will help a lot in delivering the edge you are looking for.
4 Two Word Descriptions of Protoshares
- Crowd investing
- Professionally developed
- Prosperity Bitshares
- Ethical incentive
- More than a currency
- Bitcoin on steroids :-)
- Keyhotee - your digital life secured (off topic but i like it-from Proto newsletter)
- Securing privacy
- Securing your digital life
- Your pass to a permanent seat at the world's first autonomous share trading platform
Describe DACs in 3 short, ~2 sentence descriptions.
- A Distributed Autonomous Corporation (DAC) is a decentralized, Open Source, peer-to-peer software platform that exists by voluntary user consensus alone. They can be created to perform a multitude of services, their stated mission executed without any outside interference whatsoever.
- A Distributed Autonomous Corporation (DAC) is a decentralized digital framework for corporations, immune to internal failure or external corruption. A platform empowering anyone with online access, to a secure and stable digital life regardless of race, age, nationality or location.
- A Distributed Autonomous Corporation (DAC) is an Open Source software solution that provides a platform for secure public and private services available to anyone with online access. Operated and financed by users provides a guarantee that the incentives of the investors and the incentives of the DAC remain aligned 100%.
Describe "Why Protoshares?" in 3 short, ~2 sentence descriptions.
- Bitshares is nearly poised to roll out and make its mark on history by becoming the world’s first truly autonomous online trading platform. Early investors into precursory Protoshares, will be rewarded with equal value in Bitshares once launched and an equivalent equity share in each new Invictus Innovations product release.
- Protoshares represent a unique opportunity for investors to play an active role in shaping the way business and much more will be done in the unfolding decentralized world economy and profit as well. The dawn of new solutions, ready finance for real projects, by real people as real stakeholders.
All I mostly did here is pick up on and rework/copyright some of the great stuff already here. I really like what you are doing and cant wait for the ride. Sad to have discovered here I'm too late for any mining. Maybe something for a little work then. Hang tough and merry Christmas. Although with keyhotee coming hope you get to enjoy them...
PowfS9TpEiW1WeGr1UHL69KeSEA91WvioP
Wow! This was amazing. I read it three times.
You're right. We rarely talk about the project as a whole. The ecosystem, the Bitshares project is a rethinking of how the internet works. Instead of using your email and having to deal with passwords, Keyhotee will be your unique identifier that no one can fake. Keyhotee also helps you with your online money. DomainShares is a secure DNS service. Keyhotee and DomainShares combine to give you the most secure environment on the web. With Keyhotee, sites will always know who you are. With DomainShares, you will always know who the site is. There is no change to pull a man in the middle attack and there are no passwords or credentials that hackers can steal. Keyhotee handles your payments too, so you no longer have to worry about your credit cards being stolen.
I must admit that there are some holes in my understanding on how some of the other DACs fit into the system. You've motivated me to look into it.
On mining, hopefully AngelShares will roll out in January or so. It's a funding platform to help fuel development. https://bitsharestalk.org/index.php?topic=1429.0 The community is still debating this. I really hope you have some input on it.
